Food and consumer products conglomerate Unilever’s making a big play for the Asian market with its $2.7 billion deal to buy Carver Korea, a South Korean-based skin care specialist – NYTimes
Meanwhile, Swiss Firm ABB is snapping up GE’s Industrial Solutions business for about the same amount as new GE CEO John Flannery continues his cost-cutting and streamlining measures – NYTimes and WSJ
SEC Chief Jay Clayton admitted in Senate testimony that his agency (under prior management) didn’t do enough to respond to the 2016 cyber breach that may have resulted in insider trading – WSJ and MarketWatch
The CFTC’s new enforcement director James McDonald has floated an idea that encourages financial institutions to self-report misdeeds—a distinct departure for an agency that saw its enforcement powers expand rapidly after the 2008 financial crisis and Dodd-Frank – Law360
Investors suing BNY Mellon over alleged failures as RMBS trustee have asked SDNY Judge Valerie Caproni for reconsideration of partial SJ for the Bank, arguing that the Judge used the wrong standard in assessing BNY’s knowledge – Law360
Streetwise has sized up the current IPO atmosphere and has decided it’s time for something bold: a complete reinvention (aka, IPO 2.0) – WSJ
Target CEO Brian Cornell announced yesterday that the Bullseye will up its minimum wage to $11/hour starting next month and moving through the holiday push. Target aims to boost that figure to $15/hour by 2020, all part of the CEO’s stated focus on the customer experience – NYTimes and WSJ
SoFi’s top tech executive, June Ou (who happens to be the wife of former CEO Mike Cagney), has announced plans to leave the firm – WSJ
Morgan Stanley will skip the cranberry juice and go right to $13 million in fines and restitution for its UIT problem—specifically, allegations that it failed to supervise workers who advised unit investment trust investors in such a way that their fees skyrocketed – Law360
The Daily Dose is pouring one out for DARE—the Dictionary of American Regional English—which is closing down after decades of fascinating work documenting the words, phrases, and pronunciations that vary from region to region in the US – NewYorker
