Sweden-based and celeb-backed oat milk company Oatly hit it big on its first day of public trading, with shares soaring 30% “as investors jumped at the chance to take part in rapid changes in the food industry driven by...more
5/21/2021
/ Antitrust Violations ,
Biden Administration ,
Bitcoin ,
EU ,
Financial Markets ,
Inflation Adjustments ,
Merger Agreements ,
Morgan Stanley ,
Multinationals ,
Plant Based Products ,
Railways ,
Ransomware ,
Tax Reform
New jobless claims fell dramatically in new figures released on Thursday, as “the improving public health situation and the easing of pandemic-related restrictions allowed the labor market to continue its gradual return to...more
5/7/2021
/ CBS ,
Congressional Investigations & Hearings ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Debit and Credit Card Transactions ,
Economic Impact Analysis ,
FCC ,
Fee Disclosure ,
Infectious Diseases ,
Internet Streaming ,
Merger Agreements ,
Net Neutrality ,
New York Times ,
Publishers ,
Securities and Exchange Commission (SEC) ,
Telehealth ,
Unemployment ,
Viacom ,
Wal-Mart ,
Wells Fargo
A fiery, deadly Tesla crash outside of Houston over the weekend is prompting a federal probe of the company’s self-driving autonomous mode for “potential gaps in self-driving car technology.” ...more
4/20/2021
/ Amazon Marketplace ,
Argentina ,
Automotive Industry ,
Bailout ,
Car Accident ,
China ,
Coca Cola ,
Corporate Sales Transactions ,
Credit Suisse ,
Digital Media ,
Driverless Cars ,
Elon Musk ,
Financial Markets ,
Foreign Debt ,
High Risk Financial Products ,
IMF ,
Initial Public Offering (IPO) ,
JPMorgan Chase ,
Labor Relations ,
Merger Agreements ,
Netflix ,
Oprah Winfrey ,
Plant Based Products ,
Railways ,
Tesla ,
Unions
Shareholders have accused Under Armour of “concealing the impact” of Sports Authority’s bankruptcy from investors in order to artificially inflate its stock price. The suit comes on the heels of a disastrous Q4 for UA, in...more
2/21/2017
/ Arbitration ,
Bribery ,
Capital Raising ,
Climate Change ,
Commercial Bankruptcy ,
Department of Labor (DOL) ,
EU ,
Fiduciary Rule ,
Financial Institutions ,
Financial Markets ,
Financial Regulatory Reform ,
Food Manufacturers ,
Heinz ,
Initial Public Offering (IPO) ,
Investment Adviser ,
Investors ,
Kraft ,
Member State ,
Merger Agreements ,
Public Offerings ,
Referendums ,
Regulatory Oversight ,
Samsung ,
Search Engines ,
Securities Violations ,
Shareholders ,
Snapchat ,
Social Media ,
Sports Authority ,
Stock Prices ,
Telecommunications ,
UK ,
UK Brexit ,
Unilever ,
Verizon ,
White Collar Crimes ,
Yahoo!
We learned about KraftHeinz’s offer to merge with Unilever only after it had been rejected. And now it appears to be off the table completely—all $143 billion of it....more
2/20/2017
/ Administrative Appointments ,
Capital Raising ,
Department of Labor (DOL) ,
Deregulation ,
Employee Benefits ,
Fiduciary Rule ,
Financial Institutions ,
Heinz ,
Initial Public Offering (IPO) ,
Investment ,
Investment Adviser ,
Investors ,
Kraft ,
Merger Agreements ,
Public Offerings ,
Retirement ,
Securities and Exchange Commission (SEC) ,
Snapchat ,
Social Media ,
Trump Administration ,
Unilever
We had a pretty good inkling this was coming. Yahoo and Verizon are reportedly nearing a new deal, with Y! knocking something close to $300 million off of the sale price to ensure that Verizon will still go through with the...more
2/16/2017
/ Banking Sector ,
Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Financial Institutions ,
Initial Public Offering (IPO) ,
Merger Agreements ,
Mortgages ,
Public Offerings ,
Snapchat ,
Social Media ,
Social Networks ,
Verizon ,
Yahoo!
Japan’s SoftBank hasn’t been shy about bold moves, but its most recent one—the decision to buy American PE giant Fortress Investment Group—is an especially big one. The deal is seen as bolstering SoftBank’s recently announced...more
2/15/2017
/ Activist Investors ,
Automotive Industry ,
Banking Sector ,
Class Action ,
Deutsche Bank ,
Dodd-Frank ,
Financial Institutions ,
Financial Markets ,
Foreign Exchanges ,
Forex ,
General Motors ,
Interest Rates ,
Investment Funds ,
Japan ,
Merger Agreements ,
Motion to Dismiss ,
Procter & Gamble ,
Repeal ,
Technology ,
Toshiba
We’ve talked a fair amount about the switch to chip & pin card systems over the past few years. But how about a lack of cards altogether? Because that’s what the banks have in mind....more
2/14/2017
/ Aetna ,
Apple ,
Banking Sector ,
Chip and PIN ,
Credit Cards ,
Data Breach ,
Debit Cards ,
Financial Institutions ,
Fraud ,
Health Insurance ,
Humana ,
Insurance Industry ,
Internet Retailers ,
iPhone ,
Merger Agreements ,
Oil & Gas ,
OPEC ,
Point of Sale Terminals ,
Retail Market ,
Retailers ,
Saudi Arabia ,
Smartphones ,
Technology Sector ,
Wendy's
While Wall Street’s been waiting with bated breath for the big Snap IPO, Jose Cuervo (yes, that Jose Cuervo, via parent company Becle) has briefly stolen a bit of its public offering thunder with its plans to sell shares on...more
2/9/2017
/ Agricultural Sector ,
Anthem Insurance ,
Anticompetitive Behavior ,
Bitcoin ,
BSA/AML ,
CIGNA ,
Department of Labor (DOL) ,
Digital Currency ,
Euro ,
European Central Bank ,
Farms ,
Fiduciary Rule ,
Foreign Currency ,
Greece ,
Health Insurance ,
Initial Public Offering (IPO) ,
Insurance Industry ,
Investment Adviser ,
Italy ,
Merger Agreements ,
Mexico ,
Payment Processors ,
PayPal ,
Public Offerings ,
Securities and Exchange Commission (SEC) ,
Snapchat ,
Stock Exchange ,
Virtual Currency
In a closely watched battle over the DOL’s new fiduciary rule for retirement account investment advisers, the Labor Department has scored an early first victory. A DC federal judge ruled late last week that the rule at issue...more
11/7/2016
/ Automotive Industry ,
Bond Markets ,
Canada ,
China ,
Department of Labor (DOL) ,
Elon Musk ,
Fiduciary Duty ,
Fiduciary Rule ,
Financial Institutions ,
Financial Markets ,
Government Investigations ,
Institutional Shareholder Services (ISS) ,
Investment Adviser ,
Investment Banks ,
Investment Management ,
Job Creation ,
Merger Agreements ,
Retirement Plan ,
Tesla ,
Trade Relations ,
Volkswagen ,
White Collar Crimes
Soooooo . . . about that whole Brexit thing. A UK High Court has ruled that Britain’s EU withdrawal cannot move forward without the approval of Parliament, setting off more uncertainty and what’s expected to be a series of...more
11/3/2016
/ Disclosure Requirements ,
Earnings Reports ,
EU ,
Facebook ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
Interest Rates ,
Investment Banks ,
Investors ,
Member State ,
Merger Agreements ,
Microsoft ,
Pharmaceutical Industry ,
Referendums ,
Securities and Exchange Commission (SEC) ,
UK ,
UK Brexit ,
Valeant ,
Variable Annuities ,
Wells Fargo ,
Whistleblowers
Merrill Lynch has already staked out the position in response to the DOL’s retirement account fiduciary duty rule that it would no longer offer commission-based IRAs to retirement savers. Yesterday, it effectively doubled...more
11/2/2016
/ Acquisition Agreements ,
Appraisal ,
Banks ,
Broker Commissions ,
Brokers ,
Class Action ,
Dark Pool ,
Department of Labor (DOL) ,
Employee Benefits ,
Exchange-Traded Products ,
Fiduciary Duty ,
Financial Institutions ,
Financial Markets ,
Goldman Sachs ,
Herbalife ,
Individual Retirement Account (IRA) ,
Inflation Adjustments ,
Merger Agreements ,
Merrill Lynch ,
Mortgage Lenders ,
Mortgages ,
Mutual Funds ,
Nasdaq ,
Nutritional Supplements ,
Pharmaceutical Industry ,
Retirement Plan ,
Settlement ,
Stocks ,
Takeda Pharmaceuticals ,
Trading Platforms ,
Valeant ,
Wells Fargo
The latest on the AT&T/Time Warner deal, including its place in the “ambitious climb” of AT&T’s CEO, Randall Stephenson [NYTimes] and a conversation with one of the deal’s vocal political opponents, Sen. Al Franken....more
10/31/2016
/ Acquisition Agreements ,
AT&T ,
Baker Hughes ,
BlackRock ,
Energy Sector ,
Exxon Mobil ,
Financial Institutions ,
General Electric ,
Goldman Sachs ,
Interest Rate Adjustments ,
Merger Agreements ,
Oil & Gas ,
RMBS ,
Telecommunications ,
Time Warner Cable ,
Wells Fargo
Qualcomm is reportedly set to acquire NXP Semiconductors for just shy of $40 billion in a deal that would help Qualcomm move beyond smartphone chips and into the broader internet of things....more
10/28/2016
/ Acquisition Agreements ,
Cable Operators ,
Consumer Financial Products ,
Consumer Lenders ,
Financial Institutions ,
Financial Markets ,
Internet of Things ,
Merger Agreements ,
Qualcomm ,
Securities and Exchange Commission (SEC) ,
Telecommunications
The latest from the CFPB and its “Project Catalyst,” which aims to “encourage the development of innovative consumer financial products that meet regulatory requirements” [think Fintech]....more
10/25/2016
/ AT&T ,
Consumer Financial Protection Bureau (CFPB) ,
Financial Institutions ,
Financial Markets ,
FinTech ,
Hiring & Firing ,
Innovative Technology ,
Layoffs ,
Merger Agreements ,
Securities ,
Securities and Exchange Commission (SEC) ,
Time Warner Cable ,
Twitter
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
A putative class action filed last week is accusing 25 prominent banks—including Deutsche Bank, Goldman Sachs, and Barclays—of “conspiring to rig the market for securities” sold by the US Treasury in their roles as primary...more
7/11/2016
/ Administrative Proceedings ,
Aetna ,
Amazon Marketplace ,
Anthem Blue Cross ,
Banks ,
Barclays ,
Bitcoin ,
CIGNA ,
Class Action ,
Deutsche Bank ,
Economic Development ,
Enforcement Actions ,
EU ,
Financial Institutions ,
Goldman Sachs ,
Humana ,
Job Creation ,
Libor ,
Market Manipulation ,
Merger Agreements ,
Nintendo ,
Pension Funds ,
Putative Class Actions ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Serious Fraud Office (SFO) ,
Theranos ,
U.S. Treasury ,
UK ,
UK Brexit ,
Virtual Currency
How often are we going to be hearing about Brexit aftershocks? I’d expect you better get used to it. Today’s edition: two other real estate funds (these run by Aviva ad M&G) have joined Standard Life in freezing withdrawals...more
7/6/2016
/ Acquisition Agreements ,
Administrative Proceedings ,
Anti-Competitive ,
Bonds ,
Class Action ,
Deutsche Bank ,
EU ,
Financial Institutions ,
Financial Markets ,
Hersheys ,
Hostess ,
Interchange Fees ,
Interest Rates ,
Investment ,
Investment Funds ,
MasterCard ,
Member State ,
Merger Agreements ,
Miami ,
Real Estate Market ,
Referendums ,
Securities and Exchange Commission (SEC) ,
UK ,
UK Brexit
US banks made a strong showing in part 2 of the latest round of the Fed’s stress tests. Only Morgan Stanley didn’t pass unconditionally (concerns over the company’s “internal controls and processes” tripped it up), while the...more
6/30/2016
/ Banking Sector ,
Banks ,
Bitcoin ,
Cable Operators ,
Deutsche Bank ,
Entertainment Industry ,
ETFs ,
EU ,
Film Industry ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
General Electric ,
Google ,
Initial Public Offering (IPO) ,
Internal Controls ,
Member State ,
Merger Agreements ,
Morgan Stanley ,
Referendums ,
Sale of Assets ,
Securities and Exchange Commission (SEC) ,
SIFIs ,
Stocks ,
Stress Tests ,
UK ,
UK Brexit
Continuing Brexit coverage: With the pound in freefall and markets going haywire, leaders on both sides of the Brexit debate in the UK signaled today that Britain hopes to stay in the EU marketplace, while some in Parliament...more
6/28/2016
/ Automotive Industry ,
Banking Sector ,
Carbon Emissions ,
Dodd-Frank ,
Dow Jones ,
Energy Sector ,
EU ,
Financial Institutions ,
Member State ,
Merger Agreements ,
Mineral Extraction ,
Oil & Gas ,
Referendums ,
Reporting Requirements ,
Resource Extraction ,
Securities and Exchange Commission (SEC) ,
Trade Agreements ,
UK ,
UK Brexit ,
Volkswagen
Dealbook’s Strategies feature reviews the Fed’s latest non-move and suggests that the current bind in which the Fed finds itself is—at least in part—a problem of its own making....more
6/17/2016
/ Banks ,
Class Action ,
Decriminalization of Marijuana ,
EU ,
Financial Institutions ,
HSBC ,
Marijuana ,
Member State ,
Merger Agreements ,
MetLife ,
Microsoft ,
Revlon ,
Securities Fraud ,
Shareholder Litigation ,
SIFIs ,
UK ,
UK Brexit
More thoughts on the Department of Labor’s new retirement adviser fiduciary duty standard, including questions about the “grassroots” movement the US Chamber of Commerce is claiming to support its opposition to the standard....more
6/10/2016
/ CMBS ,
Cybersecurity ,
Department of Labor (DOL) ,
Employee Benefits ,
Fiduciary Duty ,
Financial Institutions ,
Illegal Tipping ,
Insider Trading ,
Interest Rates ,
Investment Adviser ,
Merger Agreements ,
Morgan Stanley ,
Personally Identifiable Information ,
Policies and Procedures ,
Retirement Plan ,
Securities and Exchange Commission (SEC)
Breakingviews on the generally disregarded human side of all of the merger mania of late—from the uncertainty over job losses to the potentially unsettling reality of new management...more
6/9/2016
/ Automotive Industry ,
Bear Sterns ,
Citigroup ,
EMI Entertainment ,
Financial Institutions ,
Financial Markets ,
JPMorgan Chase ,
Merger Agreements ,
Music Industry ,
REIT ,
UK
All of us are entitled to a change of heart. But when you’re one of the world’s most famous activist investors and the change involves a decent-sized stake in a drug maker (Allergan) that just 5 months ago was mixed up with a...more
6/1/2016
/ Activist Hedge Funds ,
Allergan Inc ,
Anbang ,
Bank of America ,
Banking Sector ,
Banks ,
Bonds ,
Capital Markets ,
Community Banks ,
Merger Agreements ,
Pfizer ,
Saudi Arabia ,
Takeover Bids ,
Valeant
A lawsuit over an alleged Ponzi scheme involving a fund pushed by MetLife agents is raising hard questions for the insurance giant over the reaches of corporate liability...more
5/31/2016
/ Banks ,
Capital Rules ,
Citigroup ,
Corporate Liability ,
Crowdfunding ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Hostile Takeover ,
Initial Public Offering (IPO) ,
Insurance Industry ,
Merger Agreements ,
MetLife ,
Ponzi Scheme ,
Regulatory Oversight ,
SIFIs ,
UK ,
Venture Capital