Tag Archives: Forex

Financial Daily Dose 11.06.2019 | Top Story: Walgreens Boots Working With PE Firms to Go Private

BY: Michael D. Reif | November 6, 2019

Bloomberg is reporting that Walgreens Boots is weighing a potential deal “to take the company private in what could become the largest leveraged buyout in history.” PE firms like KKR are apparently in the mix to assist in the funding – Bloomberg and MarketWatch Meanwhile, Xerox is mulling over a “cash-stock offer for the $27 … 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 | January 23, 2019

The European Union has fined Mastercard $650 million for “breaching antitrust rules by raising payment-processing fees artificially, leading to higher prices for retailers and consumers” alike. The penalty came after a 6-year investigation by the EU’s antitrust watchdogs – NYTimes and Law360 The Journal has uncovered a push by employers to artificially inflate their Glassdoor … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 14, 2019

More than 800,000 government employees missed their first paycheck last Friday because of the continuing government shutdown. But the pain extends well beyond those workers and has put loads of government contractors in a world of hurt that doesn’t come with back pay – NYTimes [and WSJ and MarketWatch] California utility giant PG&E, still reeling … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 21, 2018

New York’s Department of Financial Services has reached an agreement with Deutsche Bank that will see the German firm pay $205 million as part of a settlement to resolve state banking law violations over its Forex operations – Law360 and WSJ Disney’s reportedly “close to winning US antitrust approval” for its deal to purchase 21st … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 15, 2018

In what can only be described as a Lazarus-like return, the Ex-Im Bank is reportedly nearly back on its feet again. The White House has chosen Kimberly Reed to helm the agency after prior nominee Scott Garrett was rejected by the Senate in December. Her confirmation could help push along a “three-year freeze that has … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 2, 2018

Chalk up a major win for Carl Icahn. Icahn has forced Xerox’s CEO, Board Chair, and 5 other board members out of their jobs as part of a push by activist investors. The shake-up will jeopardize the company’s $6.1 billion takeover by Fujifilm Holdings Corp. – Bloomberg and NYTimes and WSJ Goldman Sachs has agreed … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 12, 2018

The full wrap of two days on the Hill for Zuck, including a Wednesday morning of generally more pointed questions from the House than he saw in the Senate – NYTimes and Bloomberg Some analysis of the Fed’s march meeting minutes, including officials’ confidence that the US will hit its 2% inflation target in coming … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 23, 2018

The White House’s protectionist plan to impose roughly $60 billion in annual tariffs on Chinese imports went over like a lead balloon on Wall Street, sparking fears of a trade war, increased volatility, and unintended ripple effects throughout the American economy – WSJ and Bloomberg and MarketWatch Meanwhile, the US is continuing to tweak its … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 13, 2018

Notwithstanding Lloyd’s assurances that the rumors of his demise are premature, Goldman has cleared the path forward for David Solomon (aka, one of its current co-Presidents, aka, DJ D-Sol) to assume the CEO position when Mr. Blankfein’s tenure is wrapped – NYTimes and WSJ and Bloomberg Just in case you thought we were overreacting with … Continue reading