Tag Archives: Xerox

Financial Daily Dose 4.1.2020 | Top Story: Markets fall again to close out devastating month on Wall Street

BY: Michael D. Reif | April 1, 2020

Markets closed down on Tuesday, a fitting conclusion to the worst month on Wall Street since October 2008 that was marked by wild volatility and record-setting point drops – NYTimes and WSJ and MarketWatch The long-term global economic outlook isn’t exactly inspiring stuff, either – NYTimes We’re learning more about a new loan program from … Continue reading

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 3.3.2020 | Top Story: Promised Central Bank Action Halts Market Slide (for now)

BY: Michael D. Reif | March 3, 2020

Despite news of additional COVID-19-related deaths and infections in America, central bankers appear to have bought at least one day of peace for US markets, which posted strong gains on a late surge on Monday, breaking a week straight of losses – NYTimes and WSJ and Bloomberg and MarketWatch That said, all remains far from … Continue reading

Financial Daily Dose 2.25.2020 | Top Story: Markets Plummet as Fears of Coronavirus Epidemic Spread to Europe

BY: Michael D. Reif | February 25, 2020

Wall Street apparently got together and decided that Monday was the day to start paying attention to the coronavirus for real.  In the form of a massive selloff that left the Dow off more than 1000 points for its worst finish in nearly a year-and-a-half. Good to know – NYTimes and WSJ and Bloomberg and … Continue reading

Financial Daily Dose 2.11.2020 | Top Story: DOJ Indicts Four from Chinese Army Over 2017 Equifax Cyberattack

BY: Michael D. Reif | February 11, 2020

The DOJ has announced charges against four members of China’s military related to the 2017 cyberattack on credit-reporting agency Equifax, the breach that revealed “trade secrets and the personal data of about 145 million Americans.”  The indictment places the Equifax episode in a broader scheme by the Chinese army and intelligence services to steal data … Continue reading

Financial Daily Dose 1.7.2020 | Top Story: Facebook Ban of “Deepfakes”

BY: Juvian Hernandez | January 7, 2020

Facebook wages a war on misinformation. On Monday, Facebook announced it will start removing videos altered by artificial intelligence that are likely to mislead people into thinking that a subject of the video made statements they never actually stated. The policy will not apply to parody and satire. New York Times – Bloomberg and WSJ … Continue reading

Financial Daily Dose 12.09.2019 | Top Story: States Begin Trial Today Challenging T-Mobile/Sprint Merger on Antitrust Grounds

BY: Juvian Hernandez | December 9, 2019

Thirteen states and the District of Columbia are suing to block the $26 billion plan to merge T-Mobile US Inc. and Sprint Corp. The trial is slated to begin today with state officials arguing the deal would create “a more staid market with prices higher than they would otherwise be . . . .” – … Continue reading

Financial Daily Dose 11.22.2019 | Top Story: WeWork Cuts Nearly 20% of Global Workforce

BY: Michael D. Reif | November 22, 2019

The first cuts from WeWork hit this week, and they’ll take the form of 2,400 employees around the world—some 20% of the struggling company’s workforce – NYTimes and WSJ and MarketWatch and CNBC Chinese officials have invited American negotiators to participate in a new round of in-person talks “as both sides are struggling to strike … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 14, 2018

Chalk one up for big Carl (and Darwin).  Xerox announced this weekend that it’s bowing to Icahn’s pressures and ending its $6.1 billion combination with Fuji – Law360 and WSJ and NYTimes Keep an eye on those servers.  Cyber experts suggest that a side effect of the US’s withdrawal from the Iran nuclear deal is … 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