Tag Archives: Bridgewater

Financial Daily Dose 7.27.2020 | Top Story: Goldman Sachs Settles Out of 1MDB Scandal for $3.9 B

BY: Michael D. Reif | July 27, 2020

Aaaand, we’re back. Let’s get to it. Goldman Sachs has reached a deal for $3.9 billion with the Malaysian government to resolve allegations of wrongdoing related to the massive 1MDB scandal. Goldman was the “main banker for the Malaysian fund” and raised “billions of dollars” for it, “much of which was allegedly stolen by people … Continue reading

Financial Daily Dose 12.04.2019 | Top Story: Google Co-founders Step Down From Executive Roles at Parent Alphabet

BY: Michael D. Reif | December 4, 2019

Google announced late Tuesday that co-founders Larry Page and Sergey Brin are “stepping down from executive roles at Google’s parent company, Alphabet.” Google CEO Sundar Pichai will now helm both operations, while Page and Brin will stay on Alphabet’s board. The duo also remains firmly in control of a majority of the company’s voting shares … Continue reading

Financial Daily Dose 5.7.2019 | Top Story: Occidental Ups Cash Bid for Anadarko

BY: Michael D. Reif | May 7, 2019

Occidental has increased the cash portion of its recent bid for rival Anadarko, upping the cash side of its $38 billion offer to 78% (from 50%). Chevron now has 4 days to sweeten its bid or lose out – NYTimes and WSJ and Bloomberg Some details of the White House’s sudden shift over the weekend … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 2, 2017

After months of anticipation, yesterday was finally official Snap IPO day.  And despite losses of more than $500 million last year, the company saw willing investors flock to buy the $17 shares, pushing Snap’s valuation to nearly $24 billion [maybe?]- NYTimes and WSJ and Bloomberg The DOL has announced plans to delay its retirement adviser … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | July 27, 2016

We heard last week about Unilever’s $1 billion acquisition of start-up Dollar Shave Club. With a few days to reflect, the Deal Professor suggests that this relatively innocuous deal should make “every other company . . . very afraid”—as the deal shows that “no company is safe from the creative destruction brought by technological change” … Continue reading