Tag Archives: Blockchain

Financial Daily Dose 2.7.2020 | Top Story: Credit Suisse CEO Tiam Out in Wake of Corporate Spying Scandal

BY: Michael D. Reif | February 7, 2020

Credit Suisse’s CEO Tidjane Thiam is out, to be succeeded next week by longtime company vet Thomas Gottstein. Thaim appeared to have ridden out the corporate spying scandal involving a former employee last year, and he had delivered relatively solid results as the Swiss bank moved away from investment banking and more into wealth management. … 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 11.13.2019 | Top Story: Buffeted by Changing Consumer Demands, Dean Foods Declares Bankruptcy

BY: Michael D. Reif | November 13, 2019

Dean Foods, the largest milk company in the U.S., has filed for bankruptcy protection, a “fresh setback to a U.S. dairy industry struggling against declining U.S. milk consumption and rising competition.”  Industry experts have noted that the company’s attempts to streamline in recent years haven’t kept up with declining sales, making yesterday’s announcement close to … Continue reading

Financial Daily Dose 10.28.2019 | Top Story: The EU gives Britain flexible 3-month Brexit extension

BY: Michael D. Reif | October 28, 2019

The EU has granted the UK another extension for the Brexit process, giving Britain until January 31 to leave (unless its Parliament passes a divorce deal sooner) – Bloomberg and NYTimes and WSJ and MarketWatch The luxury brand consolidation craze continues, as Louis Vuitton owner LVMH announced that it’s exploring adding Tiffany & Co. to … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 12, 2018

Walmart’s retail efforts to keep pace with Amazon are well documented.  Now it appears that the company’s refusing to concede the entertainment space, either, as evidenced by its new partnerships with Metro-Goldwyn-Mayer and interactive storytelling start-up Eko – NYTimes and WSJ Even as Sears is meeting with banks to seek emergency financing, some of its … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 26, 2018

What to expect as the FOMC breaks today – NYTimes and WSJ and Bloomberg Some day-later reaction to the abrupt departure of Instagram’s founders from the Facebook family – NYTimes and WSJ Hiding somewhat in the shadows during the rise of virtual currencies over the past year or two has been blockchain, the ledger technology … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 1, 2018

Some inside baseball on how Sprint and T-Mobile are likely to try to convince suspicious regulators that their merger is a good thing. Hint: it has a lot to do with China and 5G – NYTimes Meanwhile, Monday saw closing arguments in the antitrust trial pitting the DOJ against AT&T and Time Warner in the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 19, 2018

The DOJ is expanding its Wells Fargo sales probe into the bank’s wealth management division, a troubling move for an organization still trying to right the ship in its retail-banking unit where the sham-account scandal originated – WSJ and CNBC China is poised to name Yi Gang as its new central bank chief, a move … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 18, 2018

The Dow closed above 26k yesterday for the first time on what some are dubbing the FOMO rally or the “melt-up” market – WSJ and Bloomberg Apple’s reportedly looking to capitalize on a one-time repatriation tax of 15.5% (nearly 20% less than under the prior system) tucked into the new tax code in order to … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 26, 2017

More detail on the White House’s corporate tax cut proposal, due to be unveiled later today – NYTimes and WSJ Mega luxury brand news yesterday, as LVMH announced a series of moves that, combined with $13.1 billion, helped it take over the 70-year-old French fashion house Christian Dior – NYTimes and Bloomberg We’ve learned of … Continue reading