Tag Archives: Musk

Your Daily Dose of Financial News

BY: Michael D. Reif | October 1, 2018

GE has ousted CEO John Flannery, just over a year into his tenure, and replaced him with former Danaher Corp. CEO Larry Culp – CNBC and BusinessWire Though he was apparently ready to go with his “verbal agreement with the Saudis” defense, Elon Musk capitulated to pressure “from his lawyers and investors of Tesla” and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 28, 2018

Hard to imagine that any financial news could come close to making headlines on Thursday, and yet, the SEC and Elon Musk came close. Specifically, the SEC filed suit against Musk, accusing him of “making false public statements with the potential to hurt investors”—a reference to his early August tweets about taking Tesla private thanks … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 29, 2018

Following yesterday’s US/Mexico trade announcement, Canada’s wasting little time in getting back to the table with the US on revised Nafta talks – NYTimes and WSJ and Bloomberg Neel—live from the MSF—is still not feeling all of this trade warring, likening it to a game of chicken – Bloomberg Moody’s has reached a $16.25 million … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 14, 2018

Elon Musk had some explaining to do in light of his “funding secured” tweet on August 7 in the context of taking Tesla private, and he’s gone to the corporate blog to do so, arguing that his meetings with representatives of Saudi Arabia’s sovereign wealth fund before his tweet provided him with a defensible basis … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 24, 2018

EU regulatory officials have fined chipmaker Qualcomm $1.2 billion after a 2-year investigation into anti-competition allegations involving payments made to Apple  – NYTimes and WSJ and Bloomberg Andrew Ross Sorkin breaks down Elon Musk’s recently announced “all or nothing” deal to stay on at the helm of Tesla for another decade.  That plan, you ask? … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 18, 2016

JPMorgan has agreed to pay $264 million to resolve allegations that it engaged in a vast foreign bribery scheme and shady hiring practices in order to make inroads in China – NYTimes and WSJ and Law360 NY Federal prosecutors have filed charges against former Philidor and Valeant executives for alleged fraud and conspiracy as part … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 28, 2016

It wasn’t exactly a direct reaction to his testimony on the Hill, but Wells Fargo CEO John Stumpf didn’t do himself any favors there, and Wells Fargo’s Board has announced that it will claw back an estimated $41 million in compensation from [still-CEO] Stumpf – NYTimes and WSJ and Bloomberg and Law360 What’s next for … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | September 1, 2016

Canada’s signaled an interest in joining the China-led Asian Infrastructure Investment Bank—often seen as China’s answer to the World Bank.  The bid is controversial at home for new PM Justin Trudeau, but it reflects the increasing importance that China’s playing in the Canadian economy – NYTimes Elon Musk’s big move this summer to combine SolarCity … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | July 21, 2016

Yet more HSBC scandal, this time focused on two senior execs who are facing [rare] criminal charges for their alleged role in a “front-running” currency manipulation scheme – NYTimes and WSJ and Bloomberg and Law360 US regulators have given a thumbs up to Anheuser-Bush InBev’s $106 billion takeover of SABMiller with minor conditions, “all but … Continue reading