Tag Archives: Verizon

Financial Daily Dose 3.2.2020 | Top Story: Activist Elliott Mgmt Amasses Stake in Twitter and Takes Aim at CEO Jack Dorsey

BY: Michael D. Reif | March 2, 2020

Paul Singer and the Elliott Mgmt crew have a new target in their sights: Twitter’s founder and CEO, Jack Dorsey. Singer’s Elliott fund has amassed a “significant stake” in the company—perhaps as much as a billion—and is looking to throw its weight around, perhaps even starting at the top – NYTimes and Bloomberg and WSJ … Continue reading

Financial Daily Dose 2.7.2020 | Top Story: Credit Suisse CEO Tiam Out in Wake of Corporate Spying Scandal

BY: Michael D. Reif | February 7, 2020

Credit Suisse’s CEO Tidjane Thiam is out, to be succeeded next week by longtime company vet Thomas Gottstein. Thaim appeared to have ridden out the corporate spying scandal involving a former employee last year, and he had delivered relatively solid results as the Swiss bank moved away from investment banking and more into wealth management. … Continue reading

Financial Daily Dose 8.13.2019 | Top Story: Global Volatility Sends Bonds Yields to Near-Record Lows

BY: Michael D. Reif | August 13, 2019

A volatile August on Wall Street has insiders asking whether we should be taking our cues from 1998 or 2007 – NYTimes With that in mind, our financial term of the week is “countercyclical capital buffer,” a wonkish special for you econ diehards out there that’s a potential new tool for the Fed that would … Continue reading

Financial Daily Dose 6.13.2019 | Top Story: Emails reveal Zuckerberg aware early of Facebook privacy concerns

BY: Michael D. Reif | June 13, 2019

A round of internal Facebook emails produced in response to an FTC probe appear to show that the company’s “potentially problematic privacy practices” had filtered their way up to the very top of the social networking site—Zuck, himself—as early as 2012, right around the time of the company’s consent decree with the FTC – WSJ … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 6, 2018

The Wall Street Journal first reported yesterday that Amazon, fresh from a weekend leak suggesting that Northern Virginia was the HQ2 frontrunner, will choose two locations with an evenly split workforce for its next headquarters, a “surprise decision that will spread the impact of a massive new office across two communities.” So I guess we’re … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 20, 2017

Verizon’s announced an openness to entertaining merger offers, including potentially from media giants Comcast, Disney, and CBS – Bloomberg New FCC Chair Ajit Pai is wasting little time in reversing Obama-era regulatory efforts meant to restrict media firms and telecomm companies, and he’s got his sights set on net neutrality next – NYTimes “Dodd-Frank” 2.0 … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 21, 2017

Verizon will, indeed, follow through with its plan to buy Yahoo’s core business, and it will do so with an extra $350 million in its pocket. Here’s the latest – WSJ LA’s betting that Snap’s IPO will bring big fortunes to more than just a lucky few – NYTimes What the fallout from their failed … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 14, 2016

Like a hot new underground nightclub [I presume.  Not exactly  my scene], Marcus—Goldman Sachs’ new online lending platform aimed at the consumer banking segment—requires a password. Goldman’s reportedly sending out the necessary code to “millions,” though it’s focusing on customers with prime credit for now – NYTimes and WSJ The Journal on Wells Fargo’s “botched” … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | July 25, 2016

The bids are all in, and Verizon’s the big winner.  Well, both “big” and “winner” are relative, especially with news of a brutal Q2 for Marissa Mayer and her crew, but nevertheless, Yahoo’s core business is now Verizon’s in exchange for $4.8 billion – NYTimes and WSJ and Bloomberg Tesla’s shareholders may not be fully … Continue reading