Dean Foods, the largest milk company in the U.S., has filed for bankruptcy protection, a “fresh setback to a U.S. dairy industry struggling against declining U.S. milk consumption and rising competition.” Industry experts...more
11/13/2019
/ #MeToo ,
AbbVie ,
Allergan Inc ,
Automotive Industry ,
Blockchain ,
Bonds ,
Checking Accounts ,
China ,
Class Action ,
Commercial Bankruptcy ,
Compensation & Benefits ,
Congressional Investigations & Hearings ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Data Collection ,
Disney ,
Economic Reform ,
Employment Litigation ,
Enforcement Actions ,
EU ,
Farms ,
Financial Services Industry ,
Google ,
Government Investigations ,
Imports ,
Internet Streaming ,
Investment ,
Loss of Income ,
Manufacturers ,
Market Manipulation ,
McDonalds ,
Nissan ,
Office Space ,
Overstock.com ,
Pharmaceutical Industry ,
Popular ,
Privacy Concerns ,
Revenue ,
SBA Lending Programs ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Sexual Harassment ,
Sharing Economy ,
Small Business ,
SoftBank ,
Stock Prices ,
Tariffs ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
US Trade Policies
Fiat Chrysler and France’s Peugeot are in the midst of merger talks that, if finalized, could “create a nearly $50 billion trans-Atlantic auto giant.” One option being bandied about in the “fluid” talks is an “all-share...more
10/30/2019
/ AIG ,
Airplane Accidents ,
Algorithmic Trading ,
Automotive Industry ,
Boeing ,
Chicago Mercantile Exchange (CME) ,
Chrysler ,
Coal Industry ,
Commercial Bankruptcy ,
Compensation & Benefits ,
EU ,
Federal Reserve ,
Fiat ,
Financial Markets ,
FOMC ,
Futures ,
GDP ,
General Elections ,
Interest Rate Adjustments ,
Investigations ,
Investment Opportunities ,
Mercantile Industry ,
Murray Energy ,
Office Space ,
Peugeot ,
Popular ,
Retirement Plan ,
S&P ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Sharing Economy ,
Testimony ,
Trump Administration ,
U.S. Commerce Department ,
UK ,
UK Brexit ,
UK Parliament
AT&T announced yesterday that it’s resolved an ongoing battle with activist Paul Singer and his Elliott Management by agreeing to keep CEO Randall Stephenson on the job through “at least 2020,” with the chair and CEO roles to...more
10/29/2019
/ Arbitration ,
Arbitration Awards ,
AT&T ,
Biotechnology ,
Boeing ,
CEOs ,
China ,
Denmark ,
Economic Downturn ,
ETFs ,
EU ,
Exchange-Traded Products ,
Financial Crisis ,
Financial Markets ,
Gender Discrimination ,
HSBC ,
Investment Funds ,
JPMorgan Chase ,
Layoffs ,
Market Abuse ,
Mortgage Lenders ,
Profits ,
Rating Agencies ,
Regulatory Oversight ,
Securities Fraud ,
Sothebys ,
Spoofing ,
Telecommunications ,
Trade Wars ,
UBS ,
UK ,
UK Brexit ,
UK Parliament ,
Wall Street
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
10/28/2019
/ Airplane Accidents ,
Aviation Industry ,
Bailout ,
Bitcoin ,
Blockchain ,
Boeing ,
China ,
Cloud Computing ,
Department of Defense (DOD) ,
Employment Contract ,
EU ,
Exxon Mobil ,
Fashion Industry ,
Federal Aviation Administration (FAA) ,
Federal Contractors ,
Federal Reserve ,
Financial Markets ,
Financial Regulatory Reform ,
General Motors ,
H&M ,
Industry Consolidation ,
Labor Relations ,
Louis Vuitton ,
Luxury Goods ,
Microsoft ,
Opportunity Zones ,
Rulemaking Process ,
SoftBank ,
Strike ,
Tax Cuts and Jobs Act ,
Tiffany and Company ,
UK ,
UK Brexit ,
Wall Street
Nike’s top dog, CEO Mark Parker, is stepping down at the beginning of 2020, to be replaced by board member and ServiceNow CEO John Donahoe. Parker, who will assume the role of executive chair when Donahoe takes over, has been...more
10/23/2019
/ Bank of England ,
Bank of New York (BNY) Mellon ,
Boeing ,
Books & Records ,
CEOs ,
Climate Change ,
Congressional Investigations & Hearings ,
Cryptocurrency ,
Elizabeth Warren ,
EU ,
European Central Bank ,
Exxon Mobil ,
Facebook ,
Federal Reserve ,
Financial Regulatory Reform ,
Financial Services Committee ,
Fintech Charter ,
Gender Discrimination ,
Goldman Sachs ,
Hewlett-Packard ,
Illegal Profits ,
Insider Trading ,
Mark Zuckerberg ,
National Bank Charters ,
Nike ,
OCC ,
Office Space ,
Price-Fixing ,
Quanta ,
Repossess ,
Resignation ,
Securities Fraud ,
Sharing Economy ,
U.S. Treasury ,
UK ,
UK Brexit ,
UK Parliament
A last-minute deal between defendants McKesson, Cardinal Health, AmerisourceBergen, and Teva and plaintiffs’ attorneys means that multidistrict opioid epidemic litigation set to kick off in Ohio federal court today will not...more
10/21/2019
/ Airplane Accidents ,
Asbestos ,
Aviation Industry ,
Boeing ,
Cancer ,
Cardinal Health ,
Certiorari ,
Climate Change ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Employee Rights ,
Enforcement Actions ,
EU ,
Exxon Mobil ,
Federal Aviation Administration (FAA) ,
Food and Drug Administration (FDA) ,
General Motors ,
Goldman Sachs ,
Hulu ,
Insider Trading ,
Internet Streaming ,
Investment Fraud ,
Johnson & Johnson ,
Labor Relations ,
McKesson Technologies ,
Multidistrict Litigation ,
Non-Public Information ,
Opioid ,
Pain Management ,
Pharmaceutical Industry ,
Prescription Drugs ,
Product Recalls ,
Removal For-Cause ,
SCOTUS ,
Settlement Agreements ,
Single Director ,
Strike ,
Succession Planning ,
Teachers ,
Television Programming ,
Teva Pharmaceuticals ,
Toxic Exposure ,
UK ,
UK Brexit ,
UK Parliament
Details are trickling in on the tentative Brexit agreement reached between UK and EU negotiators this week, just 14 days ahead of the Halloween departure deadline. A massive sticking point here remains the British...more
10/18/2019
/ Banks ,
Brick-and-Mortar Stores ,
Brokers ,
Charles Schwab ,
China ,
Climate Change ,
Corruption ,
Credit Suisse ,
E-Cigarettes ,
E-Commerce ,
EU ,
Facebook ,
False Statements ,
Federal Reserve ,
Financial Harm ,
Foreign Policy ,
General Motors ,
Initial Public Offering (IPO) ,
Investment Opportunities ,
Kickbacks ,
Labor Relations ,
Mozambique ,
Netflix ,
Political Speech ,
Ponzi Scheme ,
Presidential Elections ,
Retail Market ,
Saudi Arabia ,
Saudi Aramco ,
Scams ,
Securities Transactions ,
Severe Weather ,
Social Media ,
Strike ,
Tariffs ,
Trade Relations ,
Trade Wars ,
UAW ,
UK ,
UK Brexit ,
US Trade Policies ,
Vaping ,
Wage and Hour ,
White Collar Crimes ,
White Papers
Good news out of Detroit late yesterday, with officials from General Motors and the United Autoworkers Union striking a “tentative agreement on a new labor contract that could end the monthlong strike that has idled G.M....more
10/17/2019
/ Alcoa ,
Anti-Competitive ,
Automotive Industry ,
Balance Sheets ,
Bench Trial ,
Broadcom ,
China ,
Climate Change ,
Cryptocurrency ,
Economic Reform ,
EU ,
Exclusionary Authority ,
Exxon Mobil ,
Facebook ,
FCC ,
Federal Reserve ,
Financial Markets ,
General Motors ,
Housing Market ,
Investment Fraud ,
Labor Relations ,
Lifeline Program ,
Liquidity ,
Retail Sales ,
Sprint ,
Strike ,
T-Mobile ,
Tariffs ,
Trade Relations ,
Trade Wars ,
Treasury Markets ,
UK ,
UK Brexit ,
US Trade Policies
A group of three major drug distributors—McKesson, AmerisourceBergen, and Cardinal Health—are in the midst of talks with representatives of state and local governments who have brought more than 2000 opioid-related lawsuits...more
10/16/2019
/ Amazon Marketplace ,
Anti-Competitive ,
Automotive Industry ,
Broadcom ,
Cardinal Health ,
China ,
Contract Terms ,
Criminal Prosecution ,
EU ,
Federal Reserve ,
Financial Crisis ,
Financial Stimulus ,
General Motors ,
Injunctions ,
Interest Rates ,
Investment Fraud ,
McKesson Technologies ,
MGM ,
Office Space ,
Opioid ,
Pain Management ,
PCAOB ,
Pharmaceutical Industry ,
Plant Based Products ,
Ponzi Scheme ,
Prescription Drugs ,
Regulatory Oversight ,
San Francisco ,
Semiconductors ,
Sharing Economy ,
Strike ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
UAW ,
UK ,
UK Brexit ,
Unions ,
US Trade Policies ,
Whistleblowers ,
White Collar Crimes
Fed Chair Powell, speaking at an economics conference in Denver yesterday, made news by indicating that the central bank would “once again begin expanding its portfolio of government-backed securities”—a shift in policy...more
10/9/2019
/ Advertising ,
Automotive Industry ,
Blacklist ,
Cambridge Analytica ,
China ,
Cryptocurrency ,
Data Breach ,
Digital Currency ,
Economic Downturn ,
EU ,
Facebook ,
Federal Reserve ,
Financial Regulatory Reform ,
Foreign Currency ,
General Motors ,
Global Economy ,
Government Securities ,
Human Rights ,
IMF ,
Johnson & Johnson ,
Manufacturers ,
Money Laundering ,
Netflix ,
New Legislation ,
Pharmaceutical Industry ,
Punitive Damages ,
Risperdal ,
Stock Prices ,
Technology Sector ,
Trade Wars ,
Trump Administration ,
Twitter ,
Volcker Rule ,
Wall Street
The US has blacklisted 28 Chinese companies—mostly in the tech sector—over China’s “campaign targeting Uighurs and other predominantly Muslim minorities in the autonomous region of Xingjiang,” a move that’s drawn both...more
10/8/2019
/ Antitrust Litigation ,
Bitcoin ,
Blacklist ,
CEOs ,
China ,
Cross-Border Transactions ,
Cryptocurrency ,
Currency Exchange ,
Economic Growth ,
Electricity ,
Employee Benefits ,
EU ,
Exports ,
Farms ,
General Electric ,
Internet Streaming ,
NBC ,
Nissan ,
Pensions ,
Price Manipulation ,
Recessions ,
Renewable Energy ,
Retailers ,
RICO ,
Solar Energy ,
Supply Chain ,
Target ,
Trade Agreements ,
Trade Policy ,
Trade Relations ,
Trading Platforms ,
Trump Administration ,
UK Brexit ,
World Bank
Jobs report Friday again. Here’s what to look for in the numbers [and let’s temper those expectations, okay?]...more
10/4/2019
/ Amazon Marketplace ,
Carbon Emissions ,
Defamation ,
Disney ,
Economic Development ,
EU ,
Facebook ,
Freedom of Expression ,
Gig Economy ,
Hewlett-Packard ,
Insurance Industry ,
Japan ,
Job Creation ,
Layoffs ,
Mass Shootings ,
MGM ,
Mobile Apps ,
Settlement ,
Social Media ,
Tariffs ,
Trade Relations ,
Trump Administration ,
Uber ,
Unemployment ,
US Trade Policies ,
Volkswagen ,
WTO
We now have a price tag on the WTO-authorized sanctions that the U.S. can impose on European goods as a result of the EU’s illegal subsidies of planemaker Airbus: $7.5 billion—the “largest authorized retaliation in the WTO’s...more
10/3/2019
/ Acquisitions ,
Corruption ,
Enforcement Actions ,
EU ,
Federal Trade Commission (FTC) ,
Financial Markets ,
Illegal-Subsidies ,
Job Market ,
Manufacturers ,
Pyramid Schemes ,
Tariffs ,
United States ,
WTO
Well, that was remarkably quick. Just days after WeWork’s board announced that it was considering replacing co-founder Adam Neumann to help clear a path to the work-share-startup’s initial public offering, Neumann stepped...more
9/25/2019
/ Airbus ,
Apple ,
CEOs ,
Chrysler ,
Corporate Restructuring ,
Department of Labor (DOL) ,
Diesel Fuel ,
E-Cigarettes ,
EU ,
Fair Labor Standards Act (FLSA) ,
Federal Reserve ,
Fiat ,
Heinz ,
Initial Public Offering (IPO) ,
Kraft ,
Labor Regulations ,
Layoffs ,
Minimum Salary ,
National Emissions Standards ,
Office Space ,
Over-Time ,
Popular ,
Rulemaking Process ,
Sharing Economy ,
Short-Term Loans ,
Startups ,
Tariffs ,
Tax Debt ,
Trade Relations ,
US Trade Policies ,
Wage and Hour ,
White-Collar Exemptions
Shared office-space company WeWork, which had committed to moving forward with its planned IPO this week despite recent turmoil, appears likely to postpone the offering until at least October in an effort to shore up its...more
9/17/2019
/ Airbus ,
Amazon Marketplace ,
Bear Sterns ,
CFTC ,
Department of Justice (DOJ) ,
Economic Sanctions ,
EU ,
Failure To Disclose ,
Federal Reserve ,
Financial Regulatory Reform ,
Futures ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Interest Rates ,
Internet Streaming ,
Japan ,
JPMorgan Chase ,
Market Manipulation ,
Mutual Funds ,
Netflix ,
Office Space ,
Oil & Gas ,
Oil Prices ,
Proprietary Trading ,
Prudential ,
Rare Earth Metals ,
Reorganizations ,
Sharing Economy ,
Short-Term Loans ,
Spoofing ,
Trade Relations ,
Trump Administration ,
Volcker Rule ,
WTO
The White House is reportedly nearing a nationwide ban on most flavored e-cigarettes, a direct response to the recent spate of vaping-related illnesses that have affected hundreds across the country....more
9/12/2019
/ Accounting Fraud ,
Chapter 11 ,
Class Action ,
Commercial Bankruptcy ,
Conspiracies ,
Corporate Dissolution ,
Criminal Prosecution ,
Drug & Alcohol Abuse ,
E-Cigarettes ,
Employee Definition ,
Employer Liability Issues ,
EU ,
European Central Bank ,
Federal Reserve ,
Food Manufacturers ,
Forever 21 ,
Independent Contractors ,
Interest Rate Adjustments ,
Interest Rates ,
KPMG ,
Labor Regulations ,
Libor ,
Opioid ,
Oracle ,
OxyContin ,
Pain Management ,
Price-Fixing ,
Probation ,
Purdue Pharma ,
Retailers ,
Seafood ,
Settlement Agreements ,
State and Local Government ,
State Labor Laws ,
Trump Administration ,
Uber
The White House is reportedly extending the temporary license for some US businesses to work with Huawei, a move that would likely help smooth the way for trade negotiators between the US and China to see their way back to...more
8/19/2019
/ Banks ,
CFTC ,
China ,
Citibank ,
Commodities ,
Economic Downturn ,
EU ,
Financial Markets ,
Food Manufacturers ,
Foreign Adversaries ,
Germany ,
Huawei ,
Kraft ,
Motion for Sanctions ,
Price Manipulation ,
Quarterly Report ,
Recessions ,
Ridesharing ,
RMBS ,
S&P ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Settlement ,
SoftBank ,
Supply Chain ,
Telecommunications ,
Temporary Licenses ,
Trade Negotiations ,
Trade Wars ,
Trump Administration ,
Uber ,
Venture Capital
HSBC chief John Flint is out just 18 months after he assumed the role as head of the London-based bank, likely due to clashes with Board Chair Mark Tucker and the lender’s focus on expanding in China. HSBC also announced it...more
8/5/2019
/ Administrative Appointments ,
Blockchain ,
Bonds ,
Cancer ,
CBS ,
China ,
Credit Default Swaps ,
Derivatives ,
Digital Currency ,
Economic Downturn ,
EU ,
Exports ,
Federal Reserve ,
Financial Markets ,
Financial Regulatory Reform ,
Foreign Currency ,
HSBC ,
IMF ,
Imports ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Job Creation ,
Johnson & Johnson ,
Layoffs ,
Patent Applications ,
S&P ,
Talent Management ,
Tariffs ,
Toxic Exposure ,
Trade Wars ,
Trump Administration ,
Unemployment ,
Viacom ,
Wal-Mart ,
Wall Street ,
World Bank
The European Central Bank announced on Thursday that is likely to revive the quantitative easing program aimed at “pump[ing] money into the region’s financial system,” a major reversal from just 6 months ago, when the ECB...more
7/26/2019
/ Airports ,
Amazon Marketplace ,
Antitrust Investigations ,
Antitrust Provisions ,
Antitrust Violations ,
Cancer ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Debt Collectors ,
Department of Justice (DOJ) ,
EU ,
European Central Bank ,
Facebook ,
GDP ,
Johnson & Johnson ,
Monsanto ,
Opioid ,
Pain Management ,
Pharmaceutical Industry ,
Quantitative Easing ,
Quarterly Report ,
Southwest Airlines ,
Sprint ,
T-Mobile ,
Toxic Chemicals ,
Toxic Exposure
Netflix has been priming markets for bad news, and it delivered on Wednesday, reporting the loss of 126,000 paid U.S. subscribers in Q2—the company’s first domestic decrease since it started its streaming service 12 years...more
7/18/2019
/ Antitrust Violations ,
Bernie Madoff ,
China ,
Commercial Bankruptcy ,
Cryptocurrency ,
EU ,
Facebook ,
Huawei ,
Internet Streaming ,
Investment Fraud ,
Netflix ,
Qualcomm ,
Quarterly Report ,
Settlement Agreements ,
Tariffs ,
Trade Relations ,
Trade Wars ,
US Trade Policies
EU regulators announced today that they’ve been conducting an investigation into Amazon and “how it collects and uses data from third-party sellers who appear on the retailing giant’s website” with an eye to potential...more
7/17/2019
/ Amazon Marketplace ,
CMBS ,
Cryptocurrency ,
Data Transfers ,
Data-Sharing ,
Department of Labor (DOL) ,
Deregulation ,
Disclosure Requirements ,
Elon Musk ,
EU ,
European Central Bank ,
Facebook ,
FDIC ,
Federal Reserve ,
Financial Regulatory Reform ,
Government Investigations ,
Hedge Funds ,
Interest Rate Adjustments ,
Personal Data ,
RMBS
Big Euro (and global) financial news emerging on Tuesday, as European officials rather surprisingly nominated current IMF chief Christine Lagarde to succeed Mario Draghi as European Central Bank president....more
7/3/2019
/ Anti-Competitive ,
Aviation Industry ,
Bank of America ,
Benchmarks ,
China ,
Electric Vehicles ,
EU ,
European Central Bank ,
Federal Reserve ,
Foreign Relations ,
Government Aid ,
Hedge Funds ,
Initial Public Offering (IPO) ,
Lloyds Banking Group ,
Prison ,
Quarterly Report ,
Rabobank ,
Saudi Arabia ,
Tariffs ,
Tesla ,
Trump Administration ,
US Trade Policies
We were pretty sure that the Fed would keep interest rates steady as it wrapped its Open Market Committee meetings yesterday, and Fed Chair Powell delivered on that expectation. He also admitted that the same lack of...more
5/3/2019
/ Acquisitions ,
Apple ,
Banks ,
Barclays ,
Cambridge Analytica ,
China ,
Credit Cards ,
Debt ,
Delinquent Borrowers ,
Derivative Suit ,
EU ,
Federal Reserve ,
Financial Services Industry ,
Interest Rates ,
Internet ,
Patent Litigation ,
Political Parties ,
Prime Minister ,
Qualcomm ,
Scandals ,
Secretary of Defense ,
Shareholder Litigation ,
Telecommunications ,
Transaction Fees ,
UK Brexit
Tuesday was yet another banner day on Wall Street, with the S&P 500 and Nasdaq closing at new highs. Most market watchers think we have the Fed’s recent pivot on interest rates to thank for the continuing bull market...more
4/24/2019
/ Administrative Appointments ,
CBS ,
CEOs ,
Chevron ,
Emulex Corp. v Varjabedian ,
EU ,
Exports ,
Federal Reserve ,
FinTech ,
Investment ,
Misleading Statements ,
Nasdaq ,
Private Equity Funds ,
Quarterly Report ,
S&P ,
SCOTUS ,
Social Media ,
Software Developers ,
Spoofing ,
Tariffs ,
Twitter ,
Wall Street
Carlos Ghosn, the onetime “savior” of Nissan, faced another indignity while again behind bars in Japan—the automaker officially removed the former chair from the board altogether....more
4/9/2019
/ Airbus ,
Airplane Accidents ,
Bayer ,
Boeing ,
Bonds ,
Cancer ,
Chapter 11 ,
Class Action ,
Collusion ,
Deregulation ,
Enforcement Authority ,
EU ,
Fannie Mae ,
Freddie Mac ,
Leveraged Loans ,
Monsanto ,
Nissan ,
Price Manipulation ,
Saudi Aramco ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Toxic Exposure ,
UK Brexit ,
US Trade Policies ,
Website Owner Liability ,
White Collar Crimes ,
WTO