Tag Archives: Theranos

Financial Daily Dose 9.10.2020 | Top Story: EU Regulators Challenge Facebook Data Transfers

BY: Michael D. Reif | September 10, 2020

New concerns from Ireland’s Data Protection Commission about Facebook’s protection of information from American government surveillance may soon force the social networking giant to “overhaul its operations to keep data on Europeans stored within the European Union, an immensely complicated task given the way Facebook moves data among data centers around the world” – NYTimes … Continue reading

Financial Daily Dose 4.1.2020 | Top Story: Markets fall again to close out devastating month on Wall Street

BY: Michael D. Reif | April 1, 2020

Markets closed down on Tuesday, a fitting conclusion to the worst month on Wall Street since October 2008 that was marked by wild volatility and record-setting point drops – NYTimes and WSJ and MarketWatch The long-term global economic outlook isn’t exactly inspiring stuff, either – NYTimes We’re learning more about a new loan program from … Continue reading

Financial Daily Dose 3.24.2020 | Top Story: Fed’s “Unlimited” QE Promise Doesn’t Reassure Markets Amid D.C. Deadlock

BY: Michael D. Reif | March 24, 2020

A promise of “unlimited” QE from the Fed Monday morning briefly turned the tides on Dow futures but wasn’t enough to overcome another day of COVID-19-related fears and DC gridlock over the $1.8 trillion stimulus package III that combined to drive markets down still further by day’s end – NYTimes and WSJ and MarketWatch Early … Continue reading

Financial Daily Dose 2.13.2020 | Top Story: Britain Investigates Ties Between Jeffrey Epstein and Barclays CEO Staley

BY: Michael D. Reif | February 13, 2020

UK regulators are probing ties between disgraced financier Jeffrey Epstein and Barclays CEO Jes Staley. The bank’s board is so far standing 100% with Staley, who has expressed “regret” over his relationship with Epstein – Bloomberg and NYTimes and WSJ Meanwhile, in an effort to push Facebook and other social media giants toward self-policing, a … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 6, 2018

The FBI and OCC have each launched inquiries into pricing practices within American Express’s forex unit with an aim to determine “whether the foreign-exchange international payments department misrepresented pricing to clients in order to win their business” – WSJ and Bloomberg A breakdown of Facebook’s and Twitter’s day in DC, including a recap of Jack … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 18, 2018

Theranos founder and ex-CEO Elizabeth Holmes has been indicted on federal fraud charges along with former company president Ramesh Balwani.  The charges come three months after Holmes settled civil charges with the SEC – NYTimes and Law360 Mick Mulvaney’s extended stint as interim CFPB director is finally nearing an end. Next up for the agency … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 21, 2018

Campbell’s Soup CEO Denise Morrison retired abruptly late last Friday. Though the company’s stock has struggled in the past year, Morrison gave no reason for stepping down—a move that drops the number of female chief executives of S&P 500 Index publicly traded companies to just 23 – NYTimes Both China and the US are working … 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 | May 30, 2017

A Dutch court has backed the local Akzo Nobel in a bid by Elliot Mgmt to remove Akzo’s chairman after ignoring multiple overtures from PPG for the pain and chemicals giant. Elliot had hoped to force a special shareholder meeting, but the Dutch court rejected the move – WSJ and Bloomberg White Collar Watch dissects … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 24, 2017

Eric Mindich—famous for becoming the youngest-ever Goldman partner at 29—is shuttering his Eton Park Capital Management hedge fund and returning the $7 billion it manages to investors. Viewed along with Pershing Square’s recent $4 billion hit on Valeant and John Paulson’s struggles of late, the move hints at the major headwinds facing the $3 trillion … Continue reading