Your daily dose of financial news - The Brief – 9.8.16

Robins Kaplan LLP
Contact

By selling McAfee to investment firm TPG, Intel has help set up the cybersecurity company to become independent once again at a time when businesses aiming to protect against hacking are more relevant than ever – NYTimes

Streetwise suggests that negative rates in Europe are far from popular (at least when it comes to the ECB), but that they’re quietly if slowly improving the European economy – WSJ

In a move anticipated over the past year or so, Caliber Home Loans—with PE Lone Star Funds’ backing—is making more loans to “borrowers with spotty credit histories.”  A euphemism for subprime, by the way.  That targeting has helped make Caliber one of the fastest-growing mortgage financing firms in the country at the moment – NYTimes

Wells Fargo is expected later today to resolve claims by federal and state authorities that its cross-selling tactics went over the line – WSJ

Barclays has managed to secure a stay of trial court proceedings while it appeals class certification in a shareholder suit accusing the UK bank of misrepresentation related to its dark pool – Law360

China’s embrace of debt has given some—including George Soros—the heebie jeebies.  Here are some thoughts on whether you should join in their concern – NYTimes

Online lender SoFi’s hoping to power through a rough patch in the industry by raising $500 million in equity to fund to fintech growth initiatives – WSJ

Its headphone-jack-less approach is making the biggest waves, but Apple’s iphone 7 models underwhelmed some for another reason—a distinct lack of style  – NYTimes and WSJ

Amazingly enough, Star Trek turns 50 this week (more amazing—it’s half as old as the national parks).  Those of you with more than a little Trekkie in your heart should probably make a pilgrimage to Ticonderoga, NY, where an Elvis impersonator has recreated every set from the original series’ run – WSJ

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