Tag Archives: Uber IPO

Financial Daily Dose 5.13.2019 | Top Story: Uber Shares Diving

BY: Michael D. Reif | May 13, 2019

True, the economic headwinds weren’t its fault, but boy—not a banner debut for Uber after years of speculation and waiting – NYTimes and WSJ and Bloomberg and Marketplace and Law360 And that meant an equally rough patch for SoftBank, which has lost more than $9 billion in value since booking a $3.8 billion gain from … Continue reading

Financial Daily Dose 5.10.2019 | Top Story: Chevron Concedes Anadarko Bidding War to Occidental

BY: Michael D. Reif | May 10, 2019

Chevron has dropped its $33 billion bid for Anadarko, ending the energy industry’s “fiercest takeover battle in 15 years” and leaving smaller rival Occidental “poised to become the dominant force in the largest oil field in the United States” – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 Markets clearly have an outcome in … Continue reading

Financial Daily Dose 5.9.2019 | Top Story: Uber Prices Shares as IPO Looms

BY: Michael D. Reif | May 9, 2019

The latest on Uber’s Friday IPO includes new details on its anticipated pricing, which for now looks to come in at the midpoint of its $44-50/share range [though demand is probably strong enough for the company to shoot for more] – NYTimes and WSJ and Bloomberg Uber’s debut comes with a wave of other tech … Continue reading

Financial Daily Dose 5.6.2019 | Top Story: New Tariff Threats Upend US-China Talks

BY: Michael D. Reif | May 6, 2019

All of Treasury Secretary Mnuchin’s “great progress” reports be damned, apparently. Over the weekend, the White House threatened to fast-forward plans to raise tariffs from 10 to 25% on $200 billion of Chinese imports, promising to do so this Friday. The news left China scrambling to adjust, even as its negotiating team was getting ready … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 26, 2019

More fun for Facebook, just a day after it revealed a coming FTC fine, with the news on Thursday that Canadian privacy commissioners “violated national and local laws in allowing third parties access to private user information through ‘superficial and ineffective safeguards and consent mechanisms’” – NYTimes and WSJ And the Canadians aren’t alone – … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 10, 2019

British Bank Standard Chartered agreed on Tuesday “to pay $1.1 billion to settle allegations by the authorities in the United States and Britain that it violated anti-money laundering laws and economic sanctions.” The regulators had accused Standard Chartered of processing hundreds of millions of dollars for years from countries barred from participating in the American … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 15, 2018

Early reports suggested that although Teresa May’s cabinet wasn’t thrilled, it backed the PM’s Brexit plan, leaving the controversial deal to make its way to Parliament. But the resignation of two Cabinet members—including the Brexit secretary—has thrown the deal, the pound, and her government into chaos – Bloomberg and WSJ And then, there’s Europe.  Which, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 31, 2017

Q2 saw US growth hit the 3% mark for the first time in two years, besting last quarter’s lackluster showing by almost 2%. The report helped boost stocks across the board – NYTimes and WSJ The Benchmark/Kalanick feud is heading to arbitration (for now, at least), thanks to a Delaware Chancery Court decision yesterday. The … Continue reading