Your daily dose of financial news - The Brief – 9.6.16

Robins Kaplan LLP

Reactions to Friday’s “status quo” jobs report (and why that wasn’t a bad thing . . .  maybe) – NYTimes and WSJ

The Journal recaps the 1MDB Malaysian scandal with a particular focus on a series of banks that “missed clues and bowed to pressure” in order to allow the scheme to thrive – WSJ

Dealbook gives us the story of Airgas, where founder Peter McCausland’s reticence to sell (despite serious shareholder pressure) resulted in a $5 billion windfall rather than the all-too-often result of a later sale for billions less (see, e.g., Yahoo) – NYTimes

Streetwise looks warily back over the past 30 trading days and finds cause for concern in signs that stocks and bonds are moving up and down together (conventional wisdom sees stock prices and bond yields as inversely related, as I know you know)—a new correlation portends trouble for investors – WSJ

In a continued push back into manufacturing (and away from finance), GE has reportedly offered roughly $1.4 billion to snap up two European suppliers of equipment used in 3-D printing operations – NYTimes

An update on the Bayer/Monsanto merger courtship, with Bayer sweetening its bid and moving talks forward in the process – Bloomberg

Barclays has picked up former JPMorgan exec Tim Throsby to lead its corporate and international business as chief executive of its corporate and investment bank – NYTimes

A federal judge in Kansas has denied a motion for partial summary judgment by defendants in the NCUA’s toxic MBS suit against RBS, Nomura, Wells Fargo, & Novation Companies, holding that questions of timeline (and claim timing) were matters for the jury to decide – Law360

Ireland has officially decided to appeal the EU’s recent decision against Apple that was set to cost the company $14.5 billion in back taxes—an interesting, if unsurprising, move, considering that the massive amount of money would actually end up in Ireland’s coffers if the decision’s upheld – NYTimes

Subprime lenders have focused locally of late to avoid federal scrutiny – NYTimes

We’re in the post-Labor Day autumn now.  Which means, of course, that the white pants are back in the drawer until Memorial Day.  John Oliver has a few more thoughts on what should be shelved – Last Week Tonight

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

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

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.