Your daily dose of financial news The Brief – 5.25.16

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It’s a week of big fat NOs so far, with Tribune emphatically turning down Gannett yesterday and Monsanto doing the same to Bayer and its massive all-cash $62 billion offer – NYTimes and WSJ

Eurozone finance ministers and the IMF have struck a deal to chart a course for Greek debt relief – WSJ

Speaking of bailouts, the Journal raises the uncomfortable question of whether Fannie & Freddie—not helped along by the government profit sweeps we discussed here the other day—may need additional intervention – WSJ

European regulators have given their nod to the Anheuser-Bush InBev/SABMiller merger after the companies agreed to sell off SABMiller’s European premium brands – NYTimes

They may dish out that annual credit check for free, but the big three credit reporting agencies (Equifax, Experian, and TransUnion) are far from beloved by the average consumer based on the CFPB’s complaint database – Law360

HP spinoff Hewlett Packard Enterprise is reportedly prepping to become even smaller, splitting itself in two by selling off its enterprise services business (including call centers and network maintenance) to Computer Sciences – NYTimes and WSJ

More Americans are deciding to stay put these days—in jobs (if not at the same companies) and in cities—and at least one new report on the dynamism in the labor market suggests that this stasis is hurting the US economy – NYTimes

Our financial term of the day: block-trades—where a bank “typically buys [large chunks of] stock from a company or its private-equity bankers at a discount, and then aims to flip the stock to money managers after the market closes that same day.”  Such deals have become increasingly popular among Wall Street banks (about 1/3 of all share sales in the past 5 years), and they come with increased risk – WSJ

EMV? Mobile wallet? Payment apps?  All just so yesterday.  The embedded payment chip, on the other hand (literally) . . . – Marketplace

Chewbacca mom found some carpool mates the other day – Late Late Show

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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