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Robins Kaplan LLP

Unexpectedly Strong Retail Sales Pull Markets Back from the Brink

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Target and Walmart may have taken it on the chin last quarter, but solid results from other retailers—from Macy’s to the Dollars (Tree and General)—“defied Wall Street’s expectations” and helped boost stocks on Thursday. The...more

Robins Kaplan LLP

Omicron Surge Expected to Take Bite Out of January Jobs Report

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Jobs Report Friday again, and general consensus is that with the Omicron surge hitting smack dab in the middle of January hiring, these numbers are going to be weird. Very weird...more

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Starbucks Ditches Vax Mandate in Wake of Supreme Court Ruling

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A week after SCOTUS scuttled the Biden Administration’s “effort to enlist large employers in its vaccination campaign,” Starbucks has “become one of the first major retailers to backtrack on vaccine plans” for its employees....more

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Navient to Forgive $1.7B in Loans Under Settlement Over Predatory Lending

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Former top student loan servicing giant Navient has “reached a $1.85 billion deal with 39 states to settle claims that it had made predatory loans that saddled borrowers with crushing debts they were highly unlikely to...more

Robins Kaplan LLP

Financial Daily Dose 11.1.2021 | Top Story: Barclays CEO Out Over Ties to Epstein

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Barclay’s CEO Jes Staley is stepping down immediately after a two-year investigation by the UK’s Financial Conduct Authority and the Prudential Conduct Authority into Staley’s “relationship with the disgraced financier...more

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Financial Daily Dose 9.16.2021 | Top Story: White House Discusses Vax Mandates With Business Leaders

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President Biden sat down with a range of executives from Microsoft to Columbia Sportswear to discuss the administration’s recently announced vaccine mandates...more

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Financial Daily Dose 4.13.2021 | Top Story: Ant Group Agrees to Sweeping Overhaul to Appease Chinese Regulators

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Mere days after Chinese regulators hit Jack Ma’s Alibaba with a staggering $2.8 billion antitrust fine, the e-commerce giant’s sister company, Ant Group, announced “that it would undertake a sweeping, government-ordered...more

Robins Kaplan LLP

Financial Daily Dose 2.4.2021 | Top Story: McKinsey to Pay $587 Million for Role in Opioid Crisis

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Consulting standard-bearer McKinsey & Co. will pay $573 million to resolve state investigations and allegations related to its role “in helping ‘turbocharge’ opioid sales, a rare instance of it being held publicly accountable...more

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Financial Daily Dose 9.22.2020 | Top Story: Microsoft Drops $7.5B on Gaming Acquisition to Challenge Rival Sony

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Microsoft made a huge gaming move on Monday with its $7.5 billion acquisition of ZeniMax Media, the “parent company of gaming studios like Bethesda,” and maker of titles like “The Elder Scrolls, Fallout, Doom, Quake and...more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – June 2020 #19

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In Washington: Congressional leaders will soon name the chair of the coronavirus oversight commission, which was created by the CARES Act to increase transparency and oversight of the coronavirus relief funds.  Retired...more

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Financial Daily Dose 6.26.2020 | Top Story: Federal Reserve Limits Bank Payouts and Suspends Share Buybacks

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The Federal Reserve has “temporarily restricted shareholder payouts by the biggest banks,” preventing stock buybacks and barring increases in dividend payments in the third quarter. ...more

Robins Kaplan LLP

Financial Daily Dose 6.15.2020 | Top Story: Reopening-Related COVID Surge Pauses Recent Market Rally

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Rising infection rates around the U.S. and the globe are worrying markets, as fear of a second wave of cases linked with the reopening of the economy freaks out traders....more

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Financial Daily Dose 5.18.2020 | Top Story: Uber Eliminates 3,700 Jobs

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Uber Technologies Inc. will eliminate 3,700 jobs. This equates to the company shedding a quarter of its workforce. Rumors are also circulating that Uber “is in talks to buy rival Grubhub Inc.”....more

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Financial Daily Dose 3.25.2020 | Top Story: Markets Jump On New Congressional Stimulus Deal Agreement

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Tuesday was one of those rare Bear Market good days. Renewed optimism about a forthcoming Congressional stimulus deal (including the estimated $2 trillion it encompasses) and more time to digest the Fed’s commitment to...more

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Financial Daily Dose 3.13.2020 | Top Story: COVID-19 Fears Push Wall Street to Worst Losses Since Black Monday

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It’s been a week or so, and we’re running out of ways to say that this is bad. But it certainly is. Your bear market stats for the day: the biggest daily drop by percentage for both the S&P 500 and the Dow Jones Industrial...more

Robins Kaplan LLP

Financial Daily Dose 1.14.2020 | Top Story: Amazon Hit with Antitrust Case by India’s Government

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BlackRock Inc. will sell out of all companies “that get more than 25% of sales from thermal coal.” This threshold, however, won’t affect larger, diversified miners—which includes some of the biggest coal shippers....more

Robins Kaplan LLP

Financial Daily Dose 10.28.2019 | Top Story: The EU gives Britain flexible 3-month Brexit extension

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The EU has granted the UK another extension for the Brexit process, giving Britain until January 31 to leave (unless its Parliament passes a divorce deal sooner)....more

Latham & Watkins LLP

The Systemic Importance of Cloud-Based Service Providers to Banks

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US lawmakers urge FSOC to designate cloud-based storage systems used by major banks as systemically important financial market utilities. In an August 22, 2019, letter addressed to Treasury Secretary Steven Mnuchin, in his...more

Robins Kaplan LLP

Financial Daily Dose 7.23.2019 | Top Story: Apple to Buy Intel’s Smartphone Modem Chip Division

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Apple is in “advanced talks” to snap up Intel’s smartphone-modem chip business, a portfolio “of patents and staff valued at $1 billion or more.” The deal, should it close, would go far in prepping Apple for the arrival of...more

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Your Daily Dose of Financial News

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A lot of the furor over Elon Musk’s recent “going private” tweets has centered on whether he actually had the financial backing needed to pull it off.  The Times sets aside that initial inquiry to explore the why and how,...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Now that NAFTA seems to have an at-least-momentary reprieve, let’s take a breath and take a look at the four major industries that would be affected by any big changes in the deal....more

Robins Kaplan LLP

Your Daily Dose of Financial News

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The Fed’s anticipating faster growth in the coming year and rate increases to go with it. That and a whole lot of uncertainty about the incoming administration are the big takeaways from the Fed’s December meeting minutes....more

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Your daily dose of financial news - The Brief – 6.14.16

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The big story of week so far came just a few minutes after the Brief went to [digital] print yesterday, so apologies for the second hand news: Microsoft has agreed to acquire LinkedIn for a staggering $26.2 billion in a move...more

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