Tag Archives: Ford

Financial Daily Dose 10.2.2019 | Top Story: Johnson & Johnson Pays Out $20 Million to Avoid First Opioid Trial

BY: Michael D. Reif | October 2, 2019

Johnson & Johnson doled out $20 million to two Ohio counties rather than go through with its first federal opioid-related trial. The money is rather small potatoes for J&J, but it marks the “first time . . . the world’s largest maker of healthcare products agreed to settle an opioid-related lawsuit” – Bloomberg and Law360 … Continue reading

Financial Daily Dose 8.13.2019 | Top Story: Global Volatility Sends Bonds Yields to Near-Record Lows

BY: Michael D. Reif | August 13, 2019

A volatile August on Wall Street has insiders asking whether we should be taking our cues from 1998 or 2007 – NYTimes With that in mind, our financial term of the week is “countercyclical capital buffer,” a wonkish special for you econ diehards out there that’s a potential new tool for the Fed that would … Continue reading

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 6.28.2019 | Top Story: Ford Announces Job Cuts in Europe

BY: Michael D. Reif | June 28, 2019

Ford announced major cuts to its European workforce yesterday, announcing that it would reduce its overall headcount there by 1/5 (or about 12,000 workers), roughly half of whom are salaried employees. Ford first revealed the cuts in broad strokes earlier this year – NYTimes and WSJ Nissan has unveiled a recall of nearly half a … Continue reading

Financial Daily Dose 5.21.2019 | Top Story: FCC Approves T-Mobile/Sprint Merger

BY: Michael D. Reif | May 21, 2019

FCC Chair Ajit Pai gave his agency’s stamp of approval to the pending $26 billion T-Mobile/Sprint merger on Monday, helping move the deal towards completion based on pledges from the companies to develop “a robust 5G network and sell off Boost Mobile, a Sprint-owned service produce that sells prepaid services” – NYTimes and WSJ and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 29, 2019

Elon Musk and the SEC have reached an agreement to revise their earlier agreement to settle the latest round of issues caused by Musk’s Twitter habit. Under its terms, a Tesla securities attorney must now “preapprove any of Musk’s ‘written communication’ about Tesla’s business.” So, you know, all our best to the unluckiest lawyer at … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 21, 2019

The Federal Reserve’s Open Market Committee wrapped its March meetings yesterday with Chair Powell highlighting the central bank’s “fairly downbeat economic assessment” and the expectation that it will keep rates steady for the rest of the year – NYTimes and WSJ and Bloomberg Meanwhile, Wall Street wasn’t quite sure how to take the news. While … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 22, 2019

Kraft Heinz dropped a double-whammy on investors on Thursday, announcing a $15 billion charge against its Kraft and Oscar Mayer brands and revealing news of an SEC subpoena related to the company’s accounting practices – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 Ford has reportedly hired a law firm to investigate whether it … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 11, 2019

Ford announced yesterday that it plans to cut “thousands of jobs across Europe” as the automaker tries to cut costs while dealing with more stringent emissions rules and decreasing demand. The company didn’t say officially how many of its 68,000 European workers could be on the chopping block – NYTimes and WSJ As we’ve been … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 20, 2018

After more than 110 years as one of its mainstays, General Electric is out of the Dow Jones Industrial Average. It will be replaced by drugstore retailer Walgreens Boots Alliance – WSJ and Bloomberg Wall Street, it appears, can no longer look past the “escalating” US/China trade war – NYTimes and MarketWatch Commerce Secretary Wilbur … Continue reading