Breakingviews is all about new GE CEO John Flannery’s quest for the “soul” of the company, but it’s also very interested in less philosophical matters—especially on the heels of GE halving dividends – NYTimes [and WSJ]
Qualcomm has rejected Broadcom’s $105 billion takeover bid in a huff, suggesting that the offer undervalues its worth – WSJ
New York state has fined Credit Suisse $135 million over allegations of improper conduct in the bank’s Forex trading business from 2008 through 2015 – Law360
Roark Capital has dropped a $2.3 billion take out order on B Dubs – WSJ
Missouri is taking a page from European regulators with its announcement yesterday that it’s opening an antitrust investigation against Google – NYTimes and WSJ
A bipartisan effort in the Senate looks set to ease Dodd-Frank-era bank rules by, among other things, raising the asset level at which banks are subjected to enhanced supervision – Law360
Streetwise is more than happy to apply some social Darwinism/market-force theory to the sharp decrease of smaller IPOs and call the change a “sign of efficient markets at work” – WSJ
We know New York as many things, but we rarely think of its early American roots—as a battlefield. Fortunately, Russell Shorto (and google maps) are here to help – NYTimes