Tag Archives: Slack

Financial Daily Dose 6.3.2020 | Top Story: New Class Action Seeks Billions From Google Over Alleged Privacy Violations

BY: Michael D. Reif | June 3, 2020

A proposed class action filed in federal court in California on Tuesday accuses Google of “surreptitiously amass[ing] billions of bits of information—every day—about internet users even if they opt out of sharing their information.” The complaint seeks upwards of $5 billion in damages – Bloomberg and MarketWatch and Law360 Highlights (term used generously) from Zuck’s … Continue reading

Financial Daily Dose 3.20.2020 | Top Story: Fed Doubles Down on QE Commitment and Markets Hold Steady for a Change

BY: Michael D. Reif | March 20, 2020

The Federal Reserve is adding to its commitment to buy government bonds, announcing on Thursday that it would also buy up $150 billion in Treasury securities—all of which confirms the central bank’s commitment to a return of QE on a scale not seen since before 2010 – WSJ Checking in with markets only at the … Continue reading

Financial Daily Dose 6.25.2019 | Top Story: Allergan and AbbVie Combine Forces in $63 Billion Deal

BY: Michael D. Reif | June 25, 2019

Massive pharma news to start the day, with AbbVie announcing that it’s reached a deal to buy Allergan for roughly $63 billion. The tie-up is seen as giving AbbVie a “dominant position in the $8 billion-plus market for Botox and other beauty drugs” is it “braces for the end of patent protection for the world’s … Continue reading

Financial Daily Dose 6.12.2019 | Top Story: State AGs take aim at Sprint/T-Mobile merger with antitrust suit

BY: Michael D. Reif | June 12, 2019

Sprint and T-Mobile are facing new merger headwinds in the form of a NY & CA state AG-led lawsuit in the Southern District of New York that seeks to block the deal, alleging that it would cost customers of the companies “at least $4.5 billion a year” – NYTimes and WSJ and Law360 The good … Continue reading

Financial Daily Dose 5.22.2019 | Top Story: Judge Deems Qualcomm Pricing Behavior Anti-competitive

BY: Michael D. Reif | May 22, 2019

N.D. California federal judge Lucy Koh sided with the FTC in its antitrust suit against semiconductor-industry giant Qualcomm, finding that the company “abused its position . . . to harm competition and charge cellphone makers excessive licensing fees.” The ruling sent Qualcomm shares sliding in pre-market trading – NYTimes and WSJ and Bloomberg Because it’s … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 29, 2019

Elon Musk and the SEC have reached an agreement to revise their earlier agreement to settle the latest round of issues caused by Musk’s Twitter habit. Under its terms, a Tesla securities attorney must now “preapprove any of Musk’s ‘written communication’ about Tesla’s business.” So, you know, all our best to the unluckiest lawyer at … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 14, 2019

More than 800,000 government employees missed their first paycheck last Friday because of the continuing government shutdown. But the pain extends well beyond those workers and has put loads of government contractors in a world of hurt that doesn’t come with back pay – NYTimes [and WSJ and MarketWatch] California utility giant PG&E, still reeling … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 22, 2018

So, business news anyone? This deeper dive into the White House’s proposed tariffs on $200 billion worth of Chinese goods helps us understand just exactly how buying for the average American could change – NYTimes Not that we’d be the only ones hurting, mind you – Bloomberg The planned auto-import tariffs, meanwhile, appear to be … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 18, 2017

So much for the quiet off-ramping for SoFi’s Mike Cagney.  The fintech company’s board announced on Friday that Cagney is out immediately as CEO, not at the end of the year as Cagney had announced earlier in the week – NYTimes and WSJ We covered the dueling deals from SoftBank and Alphabet to invest in … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 16, 2017

Because we haven’t spilled enough ink on GE this week, Dealbook’s Common Sense column asks if GE’s decline (at least from a stock performance perspective) wasn’t so much Jeff Immelt’s doing as it was Jack Welch’s – NYTimes Results? Nah. But cash?  They’ve got plenty of it. Such is life for quant funds (which use … Continue reading