Tag Archives: #Euribor

Financial Daily Dose 7.8.2019 | Top Story: Friday’s Solid Jobs Report Prompts Rate-Cut Concerns

BY: Michael D. Reif | July 8, 2019

We managed to miss Jobs Report Friday because of the holiday break, so here’s the lowdown on a very strong set of numbers—224,000 jobs added—and the seemingly incongruous market reaction to the good news (it’s all about the Fed and interest rates, my friends) – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace Turkey’s … Continue reading

Financial Daily Dose 7.2.2019 | Top Story: OPEC Nations Cut Production into 2020

BY: Michael D. Reif | July 2, 2019

OPEC nations met yesterday and agreed to continue their production cutting goals into 2020 in an effort to, according to the experts, “prop[] up prices while demand for oil is weakening” – NYTimes and Bloomberg Beverage giant AB InBev is launching a massive Hong Kong-based IPO for its Asia Pacific beer unit that’s expected to … Continue reading

Financial Daily Dose 6.25.2019 | Top Story: Allergan and AbbVie Combine Forces in $63 Billion Deal

BY: Michael D. Reif | June 25, 2019

Massive pharma news to start the day, with AbbVie announcing that it’s reached a deal to buy Allergan for roughly $63 billion. The tie-up is seen as giving AbbVie a “dominant position in the $8 billion-plus market for Botox and other beauty drugs” is it “braces for the end of patent protection for the world’s … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 27, 2019

Back at it, and not quiet when I was gone.  Let’s get caught up . . . OxyContin-maker Purdue Pharma and its owners, the Sackler family, reached a deal this week with the state of Oklahoma in which they will pay “$270 million to avoid going to a state court trial over the company’s role … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 5, 2019

OxyContin maker Purdue Pharm is prepping for a possible bankruptcy filing “as it seeks to contain liability from hundreds of lawsuits alleging it fueled the nation’s opioid epidemic.” Officially, the company went on the record saying it has “ample liquidity” – WSJ and Bloomberg and MarketWatch San Francisco federal judge Charles Breyer took the rare … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 27, 2018

General Motors delivered the harsh news on Monday that it plans to idle five North American factories and cut more than 14,000 jobs in an effort to save costs – NYTimes and WSJ and Bloomberg and Marketplace The closings raise the specter that the American economy is not nearly as strong as some numbers would … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 14, 2018

Chalk one up for big Carl (and Darwin).  Xerox announced this weekend that it’s bowing to Icahn’s pressures and ending its $6.1 billion combination with Fuji – Law360 and WSJ and NYTimes Keep an eye on those servers.  Cyber experts suggest that a side effect of the US’s withdrawal from the Iran nuclear deal is … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 16, 2018

Just days after profiled Walmart’s efforts to keep pace with Amazon in the grocery biz, a whistleblower and former WM director of business development is accusing Walmart of issuing “misleading e-commerce results” and mislabeling products in an attempt to “win the e-commerce war at all costs” – Bloomberg The White House’s dramatic intervention into Broadcom’s … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 8, 2016

As Credit Karma and Mint look to roll out new features soon that do some active nudging and tax services, expect the arrival of financially focused personal digital assistants sooner than later – NYTimes With Fitch and DBRS [by most measures, the #3 and #4 rating agencies in a 3-player game] doling out AAA ratings … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | January 14, 2016

So much for 2 days of optimism.  Stocks took another dive yesterday, well into correction territory – NYTimes Care to guess what that meant in Asia today (and Europe, for that matter)? – WSJ Goldman Sachs is the latest investment firm to try to torpedo the upstart IEX (baby of “Flash Boys” hero Brad Katsuyama) … Continue reading