Tag Archives: NLRB

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 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

Financial Daily Dose 8.30.2019 | Top Story: E-cig Company Juul Faces Federal Probes into Marketing and Health Concerns

BY: Michael D. Reif | August 30, 2019

The FTC has opened a probe into e-cigarette maker Juul’s marketing practices, including allegations that the company “used influencers and other marketing to appeal to minors” – WSJ The inquiry only adds to Juul’s federal agency concerns – Bloomberg Saudi Aramco unveiled plans on Thursday for a two-stage IPO that with debut on the Saudi … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 14, 2018

Incoming Goldman CEO David Solomon has chosen his top deputies, settling on investment banking vets John Waldron (49) and Stephen Scherr (54) as his president/COO and CFO, respectively, and signaling the firm’s shift away from trading – NYTimes and WSJ and Bloomberg The Fed is all but sure to raise short-term interest rates later this … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 18, 2018

European antitrust authorities have delivered a stinging rebuke to Google in the form of a $5.1 billion penalty over its Android operating system practices. The sum displaces last year’s $2.7 billion fine, also against Google, over its handling of search results – Bloomberg and NYTimes and WSJ Still-new Texas Instruments CEO Brian Crutcher—after less than … 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 | February 27, 2018

On Monday, UPS revealed that in December it sued European antitrust regulators over a 5-year-old decision that blocked the delivery company’s takeover of the Netherlands’ TNT Express. UPS is seeking more than $2 billion in damages. UPS-rival FedEx eventually acquired TNT in 2015 – NYTimes and WSJ There are power moves, and then there’s swooping … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 15, 2017

Let the reaction to Disney’s blockbuster $52.4 billion deal for much of Rupert Murdoch’s entertainment empire continue. Pick your poison: [Murdoch’s connections] NYTimes and [Murdoch as King Lear] NYTimes and [Importance of streaming content] WSJ and [Wall Street’s reaction] Bloomberg and [Relationship to the tax bill] MarketWatch and [The challenge to Silicon Valley] Marketplace Breakingviews’ … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 18, 2016

For a start-up looking to unseat Bloomberg as the go-to insider source for financial news [other than this blog, of course], there’s a surefire way to gain some instant credibility: hire one of Bloomberg’s former top execs, Normal Pearlstine – NYTimes And, on cue, Caterpillar CEO Doug Oberhelman has announced plans to step down at … Continue reading