Looks like Ford isn’t alone when it comes to job cuts. A sales slump is hurting all US automakers, despite big promises about new American employment – WSJ
An EU high court opinion yesterday about a trade deal with Singapore could throw yet another stumbling block in the way of Britain’s exit of the union. Read on for more on the intricacies of the EU division of competencies – NYTimes
Succession is proving easier said than done for Bob Iger and Disney, and the cautionary tale of the post-Eisner aftermath isn’t exactly speeding things along – WSJ
Meanwhile, at ValueAct Capital, the hand-off is looking like awfully smooth sailing (a good thing, given the activist firm’s emphasis on corporate governance) – NYTimes
Speaking of activists, the Journal suggests that many are done with pushing for board seats and buybacks and are increasingly calling for changes at the top right away. CEOs beware – WSJ
A NY appellate court has found that Ambac must prove all elements of RMBS fraud (including loss causation) in an action against Countrywide for allegedly fraudulently inducing it to insure certain securities – Law360
We know this isn’t your mother’s SEC anymore, but even so, a quadruple-levered ETF? Yeah, that’s going to need a little closer look – WSJ
Turns out that the Danes are obsessed with more than hygge. What really gets them going—and this is true—is mortgage refinancing. It’s a finance story too crazy to be made up, and even better, a hedge fund’s found a way to make it work to its significant advantage – Bloomberg
Carell as Riggs. Yep. Looking forward to that – FoxSearchlight
