Tag Archives: SEC

Financial Daily Dose 1.15.2020 | Top Story: Dating Apps Face Scrutiny for Likely Data Privacy Violations

BY: Mercedes Smith | January 15, 2020

Popular app-based dating services—from Tinder to OkCupid to Grindr—are the subject of unwanted scrutiny this week after a report by the Norwegian Consumer Council that they’re “spreading user information like dating choices and precise location to advertising and marketing companies in ways that may violate privacy laws” – NYTimes and Forbes and Law360 Here’s a … Continue reading

Financial Daily Dose 1.9.2020 | Top Story: “Highlights” from Carlos Ghosn’s Accusatory Press Conference

BY: Michael D. Reif | January 9, 2020

A recap of Carlos Ghosn’s big media moment on Wednesday, which was short on the escape details everyone wanted to hear and long on accusations against other execs at Nissan and Japan’s justice system – NYTimes and WSJ and Bloomberg and MarketWatch The Journal’s reporting that food-delivery company Grubhub, which went public nearly 6 years … Continue reading

Financial Daily Dose 12.19.2019 | Top Story: Uber Settles With EEOC Over “Culture of Sexual Harassment” Allegations

BY: Michael D. Reif | December 19, 2019

So . . . financial news.  Amiright? Ride-hailing company Uber has resolved EEOC charges related to its alleged “culture of sexual harassment” and will “start a $4.4 million class fund to compensate victims of sexual harassment or retaliation from as early as Jan. 1, 2014” – WSJ and MarketWatch and Law360 and NYTimes A hacked … Continue reading

Financial Daily Dose 12.11.2019 | Top Story: US and China Hint at Tariff Delay to Help Ease Phase One Negotiations

BY: Michael D. Reif | December 11, 2019

U.S. and Chinese trade negotiators are “laying the groundwork for a delay of a fresh round of tariffs set to kick in on Dec. 15” as the countries continue to work through how a Chinese promise to make huge ag purchases from American farmers would work – WSJ and Bloomberg The FOMC is wrapping meetings … 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 11.13.2019 | Top Story: Buffeted by Changing Consumer Demands, Dean Foods Declares Bankruptcy

BY: Michael D. Reif | November 13, 2019

Dean Foods, the largest milk company in the U.S., has filed for bankruptcy protection, a “fresh setback to a U.S. dairy industry struggling against declining U.S. milk consumption and rising competition.”  Industry experts have noted that the company’s attempts to streamline in recent years haven’t kept up with declining sales, making yesterday’s announcement close to … 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

Financial Daily Dose 11.04.2019 | Top Story: Feds Probe Under Armour Accounting Practices

BY: Michael D. Reif | November 4, 2019

Federal authorities have been looking into Under Armour’s accounting practices for the better part of the past two years, a revelation that sent company shares reeling in premarket trading this morning – Bloomberg and NYTimes and WSJ I mean, I’m still not 100% convinced, but all signs point to Saudi Aramco’s long-awaited IPO officially kicking … Continue reading

Financial Daily Dose 10.30.2019 | Top Story: Fiat Chrysler and Peugeot in Merger Talks

BY: Michael D. Reif | October 30, 2019

Fiat Chrysler and France’s Peugeot are in the midst of merger talks that, if finalized, could “create a nearly $50 billion trans-Atlantic auto giant.” One option being bandied about in the “fluid” talks is an “all-share merger of equals” – WSJ and Bloomberg and NYTimes The FOMC wraps up its October rate-setting meeting this afternoon. … Continue reading