Tag Archives: VW

Financial Daily Dose 7.29.2019 | Top Story: Pfizer and Mylan Join Forces to Create Generics Powerhouse

BY: Michael D. Reif | July 29, 2019

Drug giants Pfizer and Mylan have inked a deal that will merge the former’s off-patent drugs with the latter’s generics business, a tie-up that creates a mammoth global seller of lower-priced medicines – WSJ and Bloomberg and NYTimes Friday’s GDP report showed US economic growth slowing to 2.1% in Q2, as higher consumer spending helped … Continue reading

Financial Daily Dose 6.6.2019 | Top Story: FiatChrysler Withdraws Offer to Merge With Renault

BY: Michael D. Reif | June 6, 2019

Well, that was short lived.  FiatChrysler broke news late yesterday that it’s withdrawing its offer to merge with France’s Renault, mere weeks after the companies bowled over the auto world with the proposal. Fiat blamed the French government for taking too long to support the deal, though it appears Nissan also played a role in … Continue reading

Financial Daily Dose 6.3.2019 | Top Story: DOJ Mulling Google Antitrust Action

BY: Michael D. Reif | June 3, 2019

The DOJ is considering joining its European counterparts in targeting Google for potential antitrust violations focused on Google’s “advertising practices and influence in the online advertising industry,” possibly including the company’s search practices – NYTimes and  WSJ and Bloomberg Such a probe would be consistent with a marked shift in Washington’s thoughts on Big Tech—from … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 16, 2019

Former Volkswagen CEO Martin Winterkorn is facing aggravated fraud charges from German prosecutors for his leadership of the automaker “when it deceived regulators about its vehicles’ diesel exhaust levels.” The criminal charges are the first of their kind filed against an individual in connection with the emissions scandal that has rocked the German auto industry … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 4, 2018

Jobs Report Friday! As usual, some thoughts on items of note while you peruse the numbers – WSJ and MarketWatch and NYTimes The DOJ has charged former VW chief exec Martin Winterkorn (and 5 others) with conspiring to defraud the US government in Volkswagen’s “yearslong effort to rig its diesel vehicles to feign compliance with … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 13, 2018

In what can only be deemed a major reversal, the White House has reportedly ordered its economic adviser and trade representative to study rejoining the Trans Pacific Partnership, just a year after yanking the US out of deal negotiations – WSJ and Bloomberg and NYTimes Victims of Ponzi schemer Bernie Madoff are set to receive … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 11, 2018

More than 3 years after admitting to cheating on diesel emissions tests, Volkswagen appears poised to oust CEO Matthias Muller—likely in favor of former BMW exec Herbert Diess – NYTimes and WSJ and Bloomberg Sprint and T-Mobile have rekindled merger talks, yet again – WSJ As expected, markets were thrilled by President Xi’s measured response … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 14, 2018

Breakingviews on what the White House’s intervention into Broadcom’s [dropped] bid for Qualcomm could mean for the US-based chip maker.  [Hint, it involves China, and it’s not great for the big Q] – NYTimes [and WSJ] Also, some thoughts on Huawei’s role in all of this – Bloomberg As impressive as a $7 billion valuation … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 24, 2017

The Euro has happily surged to a five-month high on news that Emmanuel Macron will join Marine LePen in France’s May 7 presidential runoff – Bloomberg The Times gives us an intriguing long read on Uber’s Travis Kalanick, the controversial CEO whose vision has helped propel the ride-hailing company even as his no-limits approach has … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 17, 2017

The struggle to attract and retain businesses and the jobs they provide has increasingly led to states and cities squaring off against others, with competing tax incentive packages the very real currency of the battle – WSJ New details have emerged on just how cushioned John Stumpf’s forced exit from Wells Fargo was in the … Continue reading