Your daily dose of financial news - The Brief – 10.5.16

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Twitter’s expected to start fielding bids for itself this week, and Salesforce.com and Disney are both squarely in the mix – WSJ and Bloomberg

Investor plaintiffs won a big discovery battle with the US gov’t over its 2012 decision to seize Fannie & Freddie’s profits. Federal Claims Court Judge Margaret Sweeney has ruled that the government improperly invoked the deliberative process or bank examination privileges in many of the documents it withheld from the investors – NYTimes

BofA, JPMorgan, and Wells Fargo are giving it a second go-around with their so-called “living wills”—the plans for winding down operations in the event of bankruptcy that the Fed and FDIC have demanded of them (and rejected the first time around) – Law360

Meet Ides Capital, an upstart hedge fund looking to go activist by targeting companies lacking diversity in the boardroom – NYTimes

Target’s training its eye on millennials, and its smaller urban- and campus-based stores tailored to the desires of the young set – WSJ

The latest from Hank Greenberg’s [ongoing] time in the hot seat – NYTimes and Law360

Dealbook’s William Cohan suggests that IBM’s recent deal for the Promontory Group was really all about Big Blue’s desire to acquire Promontory’s deep DC connections – NYTimes

The CFPB is releasing final rules today that would “force prepaid card providers, mobile wallet firms and other similar companies to limit consumers’ losses on unauthorized transactions” and provide other protections and disclosures to bring them more in line with traditional credit cards – Law360 and NYTimes

Here’s an interesting take: the [relatively] limited nature of Deutsche Bank’s recent woes show that all of the post-2008 financial regulation might actually be working – NYTimes

Heads up Apple (and Samsung and everyone else).  No longer content with just providing the non-iPhone OS (Android), but delivering the hardware itself.  So get ready to say hello to Pixel – NYTimes and WSJ and Bloomberg

It’s Nobel season again, and the battle between coolest achievement (so far) comes down to a trio of Physicists and their work on [not so NSFW] “exotic matter” vs. a trio of chemists and their work on, well, micro machines. You be the judge – NYTimes

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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