Your Daily Dose of Financial News

Robins Kaplan LLP
Contact

We learned pretty early on that VW wasn’t alone in employing emissions-cheating software to get around environmental regs. But until now, it’s borne the brunt of the bad press for its actions.  Well, with Fiat Chrysler’s DOJ negotiations and pledge to modify 100,000 vehicles, VW might finally have some front-page company – NYTimes

Though at Ford, it’s all about falling share prices (40% in the last 3 years), a drop that was enough to spur this morning’s ouster of CEO Mark Fields – NYTimes and WSJ and Bloomberg

That long-promised quant takeover of Wall Street?  Oh yeah, that’s real. And that’s now – WSJ

Your Monday morning DOL fiduciary rule roundup – Law360 and Bloomberg BNA

Texas-based Huntsman Corp. and Switzerland’s Clariant AG have agreed to join forces in a deal that would create a $14 billion-dollar chemical giant – WSJ and Bloomberg

Steven Cohen’s still out of the game for another year (officially). But unofficially, he’s making a lot of moves to let the hedge fund industry know that he’ll be back.  And soon – NYTimes

SoftBank’s Masayoshi Son has been talking up a planned $100 billion tech fund for a few months now. Over the week, he partnered with Saudi Arabia’s sovereign-wealth fund to make it a reality – WSJ and Bloomberg

Meanwhile, Blackstone’s looking to bring that same outsized dollar amount (and some of the same partners) to US infrastructure investments – Bloomberg and MarketWatch

Barclays, SocGen, and other big international banks still have a Libor problem, and Gucci’s not helping them out of it – Law360

Fair Game suggests this week (with an extended look at the Arconic/Elliott Management tete-a-tete) that huge institutional investors are poised like few others to actually do something about “dubious” corporate practices, yet more seem to be favoring the rubber stamp than rocking the boat – NYTimes

Online lenders have long-since shed their disruption ambitions for “attracting investors” ambitions.  Their plan: look more like the Wall Street lenders that they were meant to supplant.  At least it’s paying off – WSJ

SNL closed out Season 42 this weekend, and musical guest Katy Perry had a lot going on in her “Swish Swish” performance (ups on the Beetlejuice coat).  But do yourself a favor and fast forward this to 2:26 so you can take in Backpack Kid in all his glory – SNL

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. Attorney Advertising.

© Robins Kaplan LLP

Written by:

Robins Kaplan LLP
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

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