Your Daily Dose of Financial News


The moral of this story is as follows: if Maysayoshi Son says the merger’s off, it’s probably off (regardless of what the rest of the board says).  We discussed the will they/won’t they status of the T-Mobile/Sprint deal last week, and the verdict is definitely the latter – NYTimes and WSJ and Bloomberg

Broadcom is considering a takeover of computer chip-maker Qualcomm in what would be a big-time merger in a semiconductor industry that’s seen a fair bit of deal-making [both attempted and executed] in the past year – NYTimes and WSJ and Bloomberg

A deeper dive into last Friday’s jobs report – WSJ and Bloomberg

The FHLB Boston has resurrected its $5.7 billion suit against Moody’s over the rating agency’s alleged complicity in the toxic RMBS crisis. The quasi-governmental organization has accused Moody’s of “slapp[ing] phony triple-A ratings onto mortgage securities it knew weren’t deserving of the label” – Law360

Fair Game’s still hot on the Wells Fargo trail, and its focus this weekend was on Wells’ board—specifically, on a recent ruling from N.D. Cal. Judge Jon Tigar, who refused to dismiss derivative shareholder claims against 15 of the bank’s current or former directors & officers – NYTimes

In an effort to remain competitive with its low-cost rivals, Amazon’s begun lowering prices on goods offered by independent merchants on its site—yet another example of Amazon showing its willingness to take a hit to profits in order to gobble up market share – WSJ

The inside scoop on Bill Ackman’s latest activist target—payroll processor ADP—and the battle that the Times has dubbed a “litmus test for activist investing” [aka, does it matter that the company has steady revenue growth and a health stock price?] – NYTimes and WSJ

NY Fed chief William Dudley’s riding off into the sunset ahead of schedule – WSJ

Meanwhile, China’s chief economist is dropping some [economic] bombs during his own apparent last lap – Bloomberg

Here’s an interesting look at the creative ways Detroit is incenting would-be-buyers to purchase and renovate the city’s crumbling housing stock- NYTimes