Your daily dose of financial news The Brief – 4.20.16

Robins Kaplan LLP
Contact

As Yahoo took stock of its suitors yesterday, it released word that its business “continued to deteriorate in the first quarter, putting more pressure on the company to find a buyer quickly for its Internet operations.” Verizon remains the favored choice of the 40 or so bidders vying for the excited Y – NYTimes and WSJ

Because delay is an equal-opportunity game in D.C., the latest hold-up in the confirmation process for two SEC commissioners comes from a group of Democratic senators led by NY’s Chuck Schumer. At issue for the two previously vetted candidates? Mandatory political donation disclosures – NYTimes

Recently freed from its 15-year legal drama with holdout bondholders, Argentina’s wasted no time in jumping back into the bond market with a $16.5 billion offering – WSJ and Law360

Breakingviews talks itself a bit in circles in this look at Fintech, regulation, and the “rapid money movement,” but it’s chock full of enough buzzwords to merit a glance – NYTimes

Visa, MasterCard, and other credit card companies are feeling a little EMV-related antitrust heat after being accused of working “together to shift liability to retailers during the rollout of microchip-enabled credit cards” – Law360

A “consortium led by Apex Technology of China and PAG Asia Capital, a private equity firm,” has reached a deal to purchase printing and software company Lexmark for a reported $3.6 billion – NYTimes

Intel’s cutting 12,000 jobs as it deals with sharp declines in the PC market – Bloomberg

A particularly nasty Q1 for Goldman (beating low expectations aside) is prompting some soul searching about its strategy of sticking to its guns in focusing on traditional trading and investing businesses – NYTimes and WSJ

A former UBS trader admitted yesterday that he instructed a colleague to keep FICO scores away from S&P in 2007 “in an effort close a mortgage bundle,” an admission trustee U.S. Bank must be pleased with as it “seeks to hold the Swiss megabank liable at trial for building shoddy trusts that cost investors $2 billion” – Law360

The FBI’s on the hunt for cyber hackers . . . so it can hire them – NYTimes

Uhh, so much for all the home improvement shows on HGTV being staged to the point of scripted. A North Carolina couple’s adding “Sue Over It” to the traditional “Love It or List It” options – Huffington Post

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

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