Tag Archives: Arconic

Financial Daily Dose 1.28.2020 | Top Story: Markets Tumble as Fears Spread Over Coronavirus Epidemic

BY: Michael D. Reif | January 28, 2020

A mounting death toll (over 106 and counting) and fears of a coronavirus pandemic sent markets tumbling early on Monday and kicked off a selloff that continued all day – NYTimes and MarketWatch and WSJ and Bloomberg General Motors announced that it will pour $2.2 billion into an underused Detroit manufacturing facility so it can … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 19, 2017

A disappointing Q1 for Goldman Sachs shows why its fledgling online banking outfit can’t explode fast enough – NYTimes Its traders, in particular, took it on the chin the past few months – WSJ China’s infamous shadow banking industry—an $8.5 trillion marketplace that’s sprung up in reaction to the government’s “campaign against financial leverage”—is back … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 18, 2017

Klaus Kleinfeld is out as CEO of Alcoa-subsidiary Arconic.  Kleinfeld’s two-year tenure was marked by problems, and Kleinfeld did himself no favor with an un-Board-authorized letter that he sent to activist-investor Elliott Mgmt – NYTimes and WSJ and Bloomberg White Collar Watch uses a spate of recent events—from Wells Fargo’s recent investigatory report into its fake account scandal to KMPG’s auditing … Continue reading