Coverage: MetLIfe sues over “Too Big To Fail” designation
The designation as systemically important, or too big to fail, is coming under fire from the companies who have to deal with the designation. Victoria McGrane and Leslie Scism had these details in their story for The Wall Street Journal: MetLife Inc. is challenging the federal government’s decision to subject the insurer to stricter oversight, setting […]
Coverage: What it means for Amazon to win a Golden Globe
Amazon won a Golden Globe for its show “Transparent” about a transgender man, signaling it’s a real contender in the original entertainment space. Netflix and other subscription services have been making inroads with viewers. So what does it mean that one of the nation’s largest retailers is now beating others? Bloomberg Businessweek had this story […]
Coverage: Shire to buy NPS
It’s the year’s first big deal merger, and it’s in the pharmaceutical space. Shire is planning to buy NPS in order to continue growing. The Financial Times had this story by Arash Massoudi: Shire, Britain’s third-largest drugmaker by market value, has made its biggest ever acquisition with a $5.2bn deal for US biotechnology company NPS Pharmaceuticals, […]
Coverage: Another auto company under fire
General Motors is likely celebrating that the headlines aren’t about them or vehicle recalls. Instead, Honda Motor Co. is being fined a record $70 million for underreporting deaths and injuries related to its cars. Jeff Plungis had this story for Bloomberg: Honda Motor Co. (7267) agreed to pay a record $70 million in fines and submit […]
Coverage: Varying messages of the Fed minutes
The Federal Reserve Board had several messages about the state of the U.S. and global economies in their latest minutes. Some chose to focus on rates and potential increases while other organizations thought the state of economies was the most important piece of this release. Jon Hilensrath and Brian Blackstone of The Wall Street Journal […]
Coverage: Coach buying Stuart Weitzman
Coach is looking to expand and combat slumping handbag sales by spending $574 million on shoes – Stuart Weitzman. While it is trying to combat a drop in sales, Coach may not have found the way to solve the problem. The New York Times story by Hiroko Tabuchi and Michael J. de la Merced had […]
Coverage: Morgan Stanley fires employee over data theft
As if hackers aren’t bad enough, now employees are stealing data. Morgan Stanley fired a financial adviser after he took client data and posted some of it for sale. As many as 10 percent of wealth management clients may have had information compromised. Justin Baer had these details in a story for The Wall Street […]
Coverage: Predicting the state of the global economy
As we turn to the first real work week of the New Year, economists are offering a range of predictions for stocks, the Eurozone and oil prices. Of course they’re just speculation, but well informed investors and money managers are still trying to determine where to move assets to capture the highest returns. Overseas markets […]
Coverage: Predicting the state of the U.S. economy
It’s a new year and that means it’s time for predictions about where the economy will be strongest and where we might see some weakness. The predictions by many of the leading business reporters were varied. The Wall Street Journal story by Josh Zumbrun said that 2014’s strong showing would carry into the next year: […]
Coverage: Presents for the holidays
FedEx and UPS are looking at bad weather up and down the East Coast, putting many on edge about whether their presents will arrive in time for the holidays. Thomas Black reported for Bloomberg that both carriers are avoiding issues such as those in 2013: United Parcel Service Inc. (UPS) and FedEx Corp. (FDX) report package deliveries are […]
