Tag Archives: HP

Financial Daily Dose 3.5.2020 | Top Story: HP Rejects Xerox’s Hostile Takeover Bid

BY: Michael D. Reif | March 5, 2020

HP has officially rejected Xerox’s enhanced takeover bid, again calling the offer “too low” and decrying its “disproportionate[] benefit” for Xerox shareholders – WSJ and Bloomberg and MarketWatch A new House of Representatives report reveals that in 2018, a top-ranking CFPB official “privately offered reassurances” to interim Wells Fargo CEO C. Allen Parker that there … Continue reading

Financial Daily Dose 2.25.2020 | Top Story: Markets Plummet as Fears of Coronavirus Epidemic Spread to Europe

BY: Michael D. Reif | February 25, 2020

Wall Street apparently got together and decided that Monday was the day to start paying attention to the coronavirus for real.  In the form of a massive selloff that left the Dow off more than 1000 points for its worst finish in nearly a year-and-a-half. Good to know – NYTimes and WSJ and Bloomberg and … 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 1.7.2020 | Top Story: Facebook Ban of “Deepfakes”

BY: Juvian Hernandez | January 7, 2020

Facebook wages a war on misinformation. On Monday, Facebook announced it will start removing videos altered by artificial intelligence that are likely to mislead people into thinking that a subject of the video made statements they never actually stated. The policy will not apply to parody and satire. New York Times – Bloomberg and WSJ … 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 11.22.2019 | Top Story: WeWork Cuts Nearly 20% of Global Workforce

BY: Michael D. Reif | November 22, 2019

The first cuts from WeWork hit this week, and they’ll take the form of 2,400 employees around the world—some 20% of the struggling company’s workforce – NYTimes and WSJ and MarketWatch and CNBC Chinese officials have invited American negotiators to participate in a new round of in-person talks “as both sides are struggling to strike … Continue reading

Financial Daily Dose 10.4.2019 | Top Story: Markets Watching US Jobs Report for Clues on More Fed Rate Action

BY: Michael D. Reif | October 4, 2019

Jobs report Friday again. Here’s what to look for in the numbers [and let’s temper those expectations, okay?] – Bloomberg and NYTimes and WSJ Here’s why most expect that the figures, along with manufacturing and other economic data that rolled in this week, are probably troublesome enough to push the Fed to cut again at … Continue reading

Financial Daily Dose 8.23.2019 | Top Story: Financial World Anxiously Awaits Fed Chair’s Jackson Hole Speech for Rate-Cut Clues

BY: Michael D. Reif | August 23, 2019

Jackson Hole’s beautiful this time of year. But that’s not why you’ll be hearing all about it today. Nope, more relevant for our purposes is the gathering there of top economists from around the world and the hotly anticipated comments this morning from Fed Chair Powell, who must once again dance on a tightrope while … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | November 2, 2015

In the past weeks, we’ve previewed the Fed’s proposal for solving the “too big to fail” problem and the impact that its total loss-absorbing capacity requirements will have on the country’s 8-largest banks. On Friday, the Fed made it official, rolling out its long-anticipated bail-in plan – NYTimes One bright spot amidst a recent series … Continue reading