Tag Archives: IPO

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 3.4.2020 | Top Story: Stocks Rebound

BY: Juvian Hernandez | March 4, 2020

Stocks rebounded with the S&P 500 making gains for the second time in three days and 10-year Treasury yields fell below 1%; analyst suggest the market upswing was caused, in part, by the Democratic primary results showing more support for the establishment candidate, please discuss. – Bloomberg and WSJ The Bloomberg Galaxy Crypto Index lost 18% over the … 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 2.6.2020 | Top Story: Feds Probing Google’s Ad Business Over Antitrust Concerns

BY: Michael D. Reif | February 6, 2020

More detail is emerging on the DOJ’s ongoing antitrust probe into Google, with recent attention to the company’s online ad tools suggesting the topic has become “a major focus of the investigation,” with special focus on “how Google’s third-party advertising business interacts with publishers and advertisers” – WSJ and Bloomberg The company has, however, managed … Continue reading

Financial Daily Dose 1.13.2020 | Top Story: Labor Dept. Issues Stricter Joint Employer Test in New Rules

BY: Michael D. Reif | January 13, 2020

Sunday’s release of a long-awaited Labor Department final rule on joint employment spells trouble for workers hoping to “sue large companies for wrongdoing by contractors or franchisees.” The rule reverses Obama-era policies by redefining (and increasing) the amount of control a company must have over workers to be considered a joint employer – NYTimes and … Continue reading

Financial Daily Dose 12.06.2019 | Top Story: Aramco Prices Shares at High-end of Range That Would Value Company at $1.7 trillion

BY: Michael D. Reif | December 6, 2019

Saudi Aramco has priced its offering at the high end of its range, setting the company up to raise more than $25 billion and value the company at nearly $1.7 trillion—all part of what promises to make this the world’s biggest IPO ever  – NYTimes and WSJ and Bloomberg and Law360 Jobs Report Friday! Here’s … Continue reading

Financial Daily Dose 11.19.2019 | Top Story: T-Mobile Chief John Legere to Leave Company in April

BY: Michael D. Reif | November 19, 2019

T-Mobile chief and fan-of-magenta John Legere has announced that he’ll be stepping down in April at the end of his current contract. Legere will be succeeded by Mike Sievert, the carrier’s current president and COO – NYTimes and WSJ and Bloomberg and MarketWatch and Mashable Troubled by scrutiny from high-profile US lawmakers and regulators, social … Continue reading

Financial Daily Dose 11.18.2019 | Top Story: Aramco Seeks Valuation of $1.7T, Well below Original Goal

BY: Michael D. Reif | November 18, 2019

Saudi Aramco’s slow trickle of IPO-related information continued this weekend, including its goal of setting overall company market value at a staggering $1.7 trillion. The figure, though massive, is still well short of the $2 trillion valuation originally floated by MBS – NYTimes and WSJ and Bloomberg As the 737 Max grounding heads into its … Continue reading

Financial Daily Dose 11.11.2019 | Top Story: Twitter Screed Prompts Investigation of Apple Card Gender Discrimination

BY: Michael D. Reif | November 11, 2019

Here’s about as 2019 as we can get in the financial world (with a healthy dose of 1950s-era gender discrimination for good measure): a series of tweets from tech entrepreneur David Heinemeier Hansson alleging gender discrimination “in the new Apple Card’s algorithms when determining credit limits” has prompted attention from New York’s financial watchdog, which … Continue reading

Financial Daily Dose 11.05.2019 | Top Story: Uber Posts Billion-dollar Q3 Losses But Improved Revenue

BY: Michael D. Reif | November 5, 2019

Uber reported another quarter of billion+ dollar losses, but as so many things on Wall Street & Silicon Valley tend to go, the news wasn’t all bad because those numbers were far better than the $5.2 billion it lost in Q2. Throw in a 30% revenue increase, and it was something of a solid day … Continue reading