Ousted eccentric WeWork co-founder and CEO Adam Neumann is reportedly closing in on a deal with SoftBank that would shave about $500 million (roughly half) off the total Masa Son would pay to buy Neumann’s shares. ...more
2/23/2021
/ Aerospace ,
Aircraft ,
Aircraft Equipment ,
Australia ,
Economic Downturn ,
Equipment Failure ,
Facebook ,
Goodyear ,
Google ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Internet ,
Jay Z ,
Manufacturers ,
NASA ,
News Stories ,
Outer Space ,
Retail Market ,
SoftBank ,
Special Purpose Acquisition Companies (SPACs) ,
Supply Chain ,
Twitter ,
Unemployment ,
Websites
Google has threatened to pull its search engine from the entirety of the Australian continent “if the government approved legislation that would force tech companies to pay for journalism shared on their platforms.” Facebook...more
1/22/2021
/ Alphabet Company ,
Australia ,
Automotive Industry ,
Big Tech ,
Bitcoin ,
Churches ,
Embezzlement ,
Facebook ,
Google ,
Housing Market ,
Internet ,
Janet Yellen ,
Journalism ,
Layoffs ,
London Stock Exchange ,
Money Laundering ,
Nasdaq ,
Search Engines ,
Stock Prices ,
UK ,
Unemployment ,
Wall Street ,
Websites ,
White Collar Crimes
Apple announced that the coronavirus outbreak that’s brought Chinese manufacturing to a near-standstill and continues to spread around the world will affect its quarterly sales expectations. The news makes Apple “one of the...more
2/18/2020
/ Alstom ,
Amazon Marketplace ,
Antitrust Violations ,
Apple ,
Bayer ,
Bond Markets ,
Business Interruption ,
China ,
Climate Change ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Corporate Liability ,
Dairy Farmers ,
Dairy Farmers of America ,
Data Breach ,
DuPont ,
EU ,
Facebook ,
France ,
Hackers ,
HSBC ,
Internet ,
Jeff Bezos ,
Layoffs ,
Manufacturers ,
Mark Zuckerberg ,
Monsanto ,
Online Platforms ,
Pesticides ,
Ransomware ,
Regulatory Oversight ,
Retailers ,
Revenue ,
Toxic Chemicals
T-Mobile chief and fan-of-magenta John Legere has announced that he’ll be stepping down in April at the end of his current contract. Legere will be succeeded by Mike Sievert, the carrier’s current president and COO....more
11/19/2019
/ Appeals ,
Big Tech ,
Bonds ,
Business Valuations ,
Capital Raising ,
CEOs ,
China ,
Competition ,
Consumer Financial Products ,
Controlling Stockholders ,
Cosmetics ,
Criminal Convictions ,
Emerging Growth Companies ,
Federal Reserve ,
Financial Institutions ,
Financial Services Industry ,
Hedge Funds ,
Initial Public Offering (IPO) ,
Interest Rates ,
Internet ,
Japan ,
Loans ,
Martin Shkreli ,
Mobile Apps ,
Mortgages ,
OCC ,
Personal Care Products ,
Pharmaceutical Industry ,
Popular ,
Predatory Lending ,
Proposed Rules ,
Public Comment ,
Resignation ,
Revenue Growth ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Social Media ,
SoftBank ,
Startups ,
Stock Markets ,
Stock Sale Agreements ,
T-Mobile ,
Text Messages ,
Yahoo!
Saudi Aramco’s slow trickle of IPO-related information continued this weekend, including its goal of setting overall company market value at a staggering $1.7 trillion. The figure, though massive, is still well short of the...more
11/18/2019
/ Aircraft ,
Airplane Accidents ,
Algorithms ,
Antitrust Violations ,
Automobile Recall ,
Automotive Industry ,
Aviation Industry ,
Bailout ,
Bank of America ,
Boeing ,
Bonds ,
Business Valuations ,
Capital Raising ,
China ,
Chrysler ,
Citibank ,
Corporate Taxes ,
Criminal Investigations ,
Criminal Prosecution ,
Employment Contract ,
Federal Aviation Administration (FAA) ,
FedEx ,
Fiat ,
Ford Motor ,
Foreign Banks ,
General Motors ,
Google ,
Hong Kong Stock Exchange ,
Huawei ,
Information Sharing ,
Initial Public Offering (IPO) ,
Internet ,
Investment ,
JPMorgan Chase ,
Labor Relations ,
Layoffs ,
Metals ,
Municipal Bonds ,
Nissan ,
Office Space ,
Oil & Gas ,
Opioid ,
Pain Management ,
Pharmaceutical Industry ,
Prescription Drugs ,
Price-Fixing ,
Racketeering ,
Saudi Aramco ,
Search Engines ,
Search Results ,
Settlement ,
Sharing Economy ,
Software ,
Spoofing ,
Stock Markets ,
Strike ,
Tax Cuts and Jobs Act ,
Tax Reform ,
Telecommunications ,
Trade Negotiations ,
Trump Administration ,
US Trade Policies ,
Wells Fargo
We were pretty sure that the Fed would keep interest rates steady as it wrapped its Open Market Committee meetings yesterday, and Fed Chair Powell delivered on that expectation. He also admitted that the same lack of...more
5/3/2019
/ Acquisitions ,
Apple ,
Banks ,
Barclays ,
Cambridge Analytica ,
China ,
Credit Cards ,
Debt ,
Delinquent Borrowers ,
Derivative Suit ,
EU ,
Federal Reserve ,
Financial Services Industry ,
Interest Rates ,
Internet ,
Patent Litigation ,
Political Parties ,
Prime Minister ,
Qualcomm ,
Scandals ,
Secretary of Defense ,
Shareholder Litigation ,
Telecommunications ,
Transaction Fees ,
UK Brexit
Today’s Muskdate is all about the SEC issuing a subpoena to Tesla as it continues its investigation into Elon’s August 7 Twitter post about the “funding secured” detail of his plans to take the company private....more
8/16/2018
/ AT&T ,
ATMs ,
Automotive Industry ,
China ,
Commercial Real Estate Market ,
Cryptocurrency ,
Cybersecurity ,
Cybertheft ,
Data Security ,
Earnings Reports ,
Elon Musk ,
Financial Markets ,
Financial Regulatory Reform ,
Going-Private Transactions ,
Initial Public Offering (IPO) ,
Internet ,
Legislative Agendas ,
Malware ,
Market Manipulation ,
Mortgage Fraud ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Violations ,
Ridesharing ,
Securities and Exchange Commission (SEC) ,
Stock Prices ,
Tesla ,
Trade Relations ,
Uber ,
US Trade Policies ,
Volcker Rule
Wells Fargo’s Board Chair, Stephen Sanger, did survive his reelection vote the other day. Barely. But Breakingviews thinks he should think awfully hard about his future as a Director at the bank....more
4/27/2017
/ Banking Sector ,
Canada ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Deregulation ,
Earnings Reports ,
Family Offices ,
FCC ,
Federal Reserve ,
Fintech Charter ,
Free Trade Agreements ,
Internet ,
Internet Service Providers (ISPs) ,
JPMorgan Chase ,
Mexico ,
NAFTA ,
Net Neutrality ,
OCC ,
Procter & Gamble ,
Regulatory Oversight ,
Subprime Loans ,
Trump Administration ,
US Trade Policies ,
Wells Fargo
In this week’s Common Sense entry, James Stewart lets us in on how an entity that loses so much money (Snap) could be worth so much [it gained 44 percent on its offering price in the first day of trading]. The answer is being...more
3/3/2017
/ Amazon ,
Banks ,
Bitcoin ,
Capital Raising ,
Caterpillar ,
Deregulation ,
Digital Currency ,
Dodd-Frank ,
False Claims Act (FCA) ,
Financial Crisis ,
Financial Institutions ,
Initial Public Offering (IPO) ,
Internet ,
Moody's ,
Offerings ,
Offshore Funds ,
Snapchat ,
Technology Sector
SoftBank’s been burning up the deal scene in recent months (Fortress, anyone?), and it keeps right on rolling by helping orchestrate the merger of satellite operator and investee OneWeb with Intelsat in a bid to increase...more
3/1/2017
/ Banking Sector ,
Capital Raising ,
Citibank ,
Enforcement Actions ,
Federal Reserve ,
Forex ,
Information Technology ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Internet ,
Internet Service Providers (ISPs) ,
NYSE ,
Offerings ,
Publishers ,
S&P ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Snapchat ,
Social Media ,
SoftBank ,
Takeover Bids ,
Technology Sector
The weekend’s business news was dominated by the word that AT&T has agreed to buy Time Warner for $85.4 billion in the biggest yet in a series of telecomm mergers....more
10/24/2016
/ Acquisition Agreements ,
AT&T ,
Brokers ,
China ,
Department of Justice (DOJ) ,
Financial Crisis ,
Financial Institutions ,
Internet ,
Merger Agreements ,
MetLife ,
Moody's ,
Rating Agencies ,
Scottrade ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
SIFIs ,
TD Ameritrade ,
Telecommunications ,
Time Warner Cable
With the Internet of Things (“IoT”) comes yet another technology-driven advancement that challenges businesses with promising opportunities and potentially vexing responsibilities. In particular, manufacturers and retailers...more