Tag Archives: Equifax

Financial Daily Dose 2.26.2020 | Top Story: CDC Warning About COVID-19 in the US Sends Stocks Tumbling Again

BY: Michael D. Reif | February 26, 2020

A stark warning from the Centers for Disease Control that Americans should prepare for a COVID-19 outbreak sent stocks tumbling again on Tuesday, with the S&P 500 closing down 3% (and firmly in the red for the year) by the closing bell – NYTimes and WSJ and Bloomberg and MarketWatch Disney CEO Bob Iger made … 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 7.23.2019 | Top Story: Apple to Buy Intel’s Smartphone Modem Chip Division

BY: Michael D. Reif | July 23, 2019

Apple is in “advanced talks” to snap up Intel’s smartphone-modem chip business, a portfolio “of patents and staff valued at $1 billion or more.” The deal, should it close, would go far in prepping Apple for the arrival of next gen 5G wireless technology – WSJ and MarketWatch and Bloomberg With a cool billion from … Continue reading

Financial Daily Dose 7.22.2019 | Top Story: Equifax Nears $700 million Settlement Over Privacy Breach

BY: Michael D. Reif | July 22, 2019

Credit bureau Equifax is closing in on an agreement with federal and state authorities in which it would pay $650-700 million to resolve claims related to the massive breach it revealed in September 2017 that exposed personal data of more than 145 million people – NYTimes and WSJ and MarketWatch A recent reported dip in … Continue reading

Financial Daily Dose 6.28.2019 | Top Story: Ford Announces Job Cuts in Europe

BY: Michael D. Reif | June 28, 2019

Ford announced major cuts to its European workforce yesterday, announcing that it would reduce its overall headcount there by 1/5 (or about 12,000 workers), roughly half of whom are salaried employees. Ford first revealed the cuts in broad strokes earlier this year – NYTimes and WSJ Nissan has unveiled a recall of nearly half a … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 29, 2018

Embattled credit reporting company Equifax has chosen private equity exec Mark Begor as its new CEO. Begor will replace interim CEO Paulino do Rego Barros, who has been in the role since former CEO Richard Smith resigned after revelation of the massive data breach that exposed PII of nearly 150 million people – NYTimes and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 15, 2018

There’s falling from grace, and then there’s Elizabeth Holmes. Once compared glowingly to Steve Jobs, Holmes’ well-documented Theranos ills (including exaggerated and faked blood-test results) have landed her with SEC accusations of orchestrating a $700 million fraud – NYTimes and WSJ and Bloomberg and Marketplace and Law360 And while it was in a litigious mood, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 11, 2017

The Peltz/P&G drama continues, with the company suggesting that Trian has lost its bid for a Board seat and the fund arguing that it disagrees with the company’s counting of the ballots – WSJ and NYTimes Pharma giant Pfizer is considering a new future for its consumer health care division (think Advil, Centrum, ChapStick, etc.) … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 6, 2017

Jobs Report Friday!  Here’s what to watch as you check out the numbers – WSJ and Bloomberg A sobering look at the post-recession economic recovery shows that while by many measures US economic figures are again strong, the recession caused wounds that “have not fully healed”—including the loss of more than 1.5 million workers from … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 4, 2017

Yahoo—via new parent Verizon Communications—has officially tripled its estimate of the number of accounts affected by its 2013 cyber hack, putting the total at a staggering 3 billion (aka, all of them) – WSJ and Bloomberg and MarketWatch and Law360 Speaking of hacks, nnnnnnot a great Tuesday for former Equifax CEO Richard Smith – NYTimes … Continue reading