Your Daily Dose of Financial News

Robins Kaplan LLP
Contact

After months of anticipation, yesterday was finally official Snap IPO day.  And despite losses of more than $500 million last year, the company saw willing investors flock to buy the $17 shares, pushing Snap’s valuation to nearly $24 billion [maybe?]- NYTimes and WSJ and Bloomberg

The DOL has announced plans to delay its retirement adviser fiduciary rule [currently set to take effect April 10] by 60 days, “setting the stage for its repeal or revision” – WSJ and Law360

Founder Ray Dalio is out as Co-CEO at Bridgewater Associates, the world’s biggest hedge fund, and his co- (former Apple exec Jon Rubinstein) is out as well—less than a year after assuming the position – NYTimes and WSJ and Bloomberg

The Dow topped 21000 yesterday, prompting the Upshot to ask what, if anything, the booming markets could really offer as insight into the actual US economyNYTimes

The SEC is reportedly investigating potential insider trading associated with SoftBank’s $3 billion deal to buy Fortress Investment Group – WSJ

The internal data breach fallout at Yahoo includes a GC on the outs and a bonus-free 2016 for Marissa Mayer – NYTimes and WSJ

Wells Fargo execs are feeling her pain – WSJ

Because winging off to London may not be in the cards for you, here’s a virtual tour, of sorts, of the venerable British Museum, courtesy of the Times – 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.

© Robins Kaplan LLP | Attorney Advertising

Written by:

Robins Kaplan LLP
Contact
more
less

Robins Kaplan LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide