Tag Archives: Huawei

Financial Daily Dose 3.5.2020 | Top Story: HP Rejects Xerox’s Hostile Takeover Bid

BY: Michael D. Reif | March 5, 2020

HP has officially rejected Xerox’s enhanced takeover bid, again calling the offer “too low” and decrying its “disproportionate[] benefit” for Xerox shareholders – WSJ and Bloomberg and MarketWatch A new House of Representatives report reveals that in 2018, a top-ranking CFPB official “privately offered reassurances” to interim Wells Fargo CEO C. Allen Parker that there … Continue reading

Financial Daily Dose 2.24.2020 | Top Story: Wells Fargo to Pay $3 Billion to Resolve DOJ and SEC Investigations

BY: Juvian Hernandez | February 24, 2020

Wells Fargo & Co. agreed to pay a total of $3 billion to resolve criminal and civil investigations by the DOJ and SEC. Wells Fargo admitted “that it took millions in wrongful fees and interest, misused customer information and damaged customer credit ratings” in pursuit of sales growth. – Law360 U.S. equity futures slip as coronavirus … Continue reading

Financial Daily Dose 2.19.2020 | Top Story: Arguments Begin Regarding Facebook’s 2010 Tax Bill

BY: Juvian Hernandez | February 19, 2020

On Tuesday, a U.S. federal tax court began hearing arguments regarding Facebook’s 2010 tax bill. The IRS valued Facebook at $13.8 billion, while Facebook reported only $6.5 billion. The final tally could potentially cost Zuck’s baby between $5-9 billion, depending on the ruling’s impact on future tax calculations and penalties. – Law 360 The U.S. District … Continue reading

Financial Daily Dose 2.14.2020 | Top Story: Amazon Wins Injunction of JEDI Cloud-Computing Contract

BY: Michael D. Reif | February 14, 2020

In a massive win for Amazon (because, again, Jeff NEEDS it), Court of Federal Claims Judge Patricia Campbell-Smith has granted the company’s motion for an injunction halting Microsoft’s work on the $10 billion cloud-computing JEDI contract for the Pentagon that it beat out Amazon for during the pendency of AWS’s challenge to the awarding of … Continue reading

Financial Daily Dose 2.12.2020 | Top Story: Big Tech Antitrust Update

BY: Juvian Hernandez | February 12, 2020

Big-Tech/Antitrust Update: the FTC has demanded information from Amazon.com Inc., Apple Inc., Facebook Inc., Microsoft Corp., and Alphabet Inc. regarding acquisitions of small firms over the past 10 years that may have been too small to trigger antitrust review. This analysis of Big Tech’s “kill zones” may lead to future changes in how the FTC … Continue reading

Financial Daily Dose 2.7.2020 | Top Story: Credit Suisse CEO Tiam Out in Wake of Corporate Spying Scandal

BY: Michael D. Reif | February 7, 2020

Credit Suisse’s CEO Tidjane Thiam is out, to be succeeded next week by longtime company vet Thomas Gottstein. Thaim appeared to have ridden out the corporate spying scandal involving a former employee last year, and he had delivered relatively solid results as the Swiss bank moved away from investment banking and more into wealth management. … Continue reading

Financial Daily Dose 2.5.2020 | Top Story: Amazon Joins Trillion-Dollar Market Cap Club

BY: Michael D. Reif | February 5, 2020

Amazon closed out the trading day yesterday as an official member of the $1 trillion club for the first time. Because Jeff really needed a win, folks. The company joins Microsoft, Alphabet, and Apple in that rarified “four-comma club” – Bloomberg and MarketWatch NYSE owner Intercontinental Exchange has submitted a takeover offer for eBay Inc. … Continue reading

Financial Daily Dose 1.28.2020 | Top Story: Markets Tumble as Fears Spread Over Coronavirus Epidemic

BY: Michael D. Reif | January 28, 2020

A mounting death toll (over 106 and counting) and fears of a coronavirus pandemic sent markets tumbling early on Monday and kicked off a selloff that continued all day – NYTimes and MarketWatch and WSJ and Bloomberg General Motors announced that it will pour $2.2 billion into an underused Detroit manufacturing facility so it can … Continue reading

Financial Daily Dose 1.27.2020 | Top Story: Apple Stock Has Surged Over 2019, Consumers Divided on Future

BY: Juvian Hernandez | January 27, 2020

Apple stock has surged over the past year, but consumers are divided over the stock price’s future. Apple’s software services and hardware products create an identity crisis that impacts the company’s future valuations. – WSJ and Bloomberg Under Armour finds itself behind its competitors as consumers move toward athleisure. – NYT Attorneys general and the Justice Department are … Continue reading

Financial Daily Dose 1.21.2020 | Top Story: World Economic Forum Kicks Off in Davos

BY: Michael D. Reif | January 21, 2020

As it kicked off its 50th annual gathering today, the World Economic Forum in Davos is facing some hard questions—both about the state of the ideals it has long espoused (“open borders, liberal democracy and free borders,” to name a few) and about the uber-elite gathering itself – NYTimes Here’s what’s on the agenda other … Continue reading