Your Daily Dose of Financial News

Robins Kaplan LLP

The Euro has happily surged to a five-month high on news that Emmanuel Macron will join Marine LePen in France’s May 7 presidential runoff – Bloomberg

The Times gives us an intriguing long read on Uber’s Travis Kalanick, the controversial CEO whose vision has helped propel the ride-hailing company even as his no-limits approach has led the company into months of crisis – NYTimes

The Journal tells us that amazingly, despite years of a war on smoking and fewer Americans with the habit, the US tobacco industry is booming – WSJ

Shareholders in Ocwen Financial Corp. filed a Florida federal court lawsuit last Friday after the mortgage servicing giant’s stock value sank by nearly 54 percent the day the CFPB accused the company of using a faulty servicing database that led to wrongful foreclosure proceedings – Law360

Medical tech companies Becton Dickinson and CR Bard have agreed to join forces for a reported $24 billion – WSJ

VW managed to free itself from its criminal trial over its emissions cheating scandal last week, but not without some harsh words from the Judge, an apology, and the small matter of $4.3 billion in penalties – NYTimes

US mortgage rates for 30-year fixed loans dropped below 4 percent for the first time since last year, a change that some see as further fuel for an “already hot housing market” as the spring selling season gets rolling in earnest – WSJ

Wells Fargo has expanded the terms of a class settlement over its allegedly sham account openings by extending the class period back to May 2002 and adding another $32 million to its payout – Law360

Street Scene on why a push to bring back Glass-Steagall could be exactly what Goldman Sachs would want, an irony too rich for William Cohan to leave unexplored – NYTimes

I’m loving everything about this story of a newly discovered [not completely faithful] copy of the Declaration of Independence from the mid-1780s that’s surfaced in West Sussex, Britain – 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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