Your daily dose of financial news - The Brief – 7.25.16

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The bids are all in, and Verizon’s the big winner.  Well, both “big” and “winner” are relative, especially with news of a brutal Q2 for Marissa Mayer and her crew, but nevertheless, Yahoo’s core business is now Verizon’s in exchange for $4.8 billionNYTimes and WSJ and Bloomberg

Tesla’s shareholders may not be fully on board with its recent takeover of SolarCity, and it’s catching plenty of flak for Autopilot mishaps, but damned if Elon Musk isn’t just clipping right along – NYTimes and WSJ

For banks these days dipping a toe in the person-to-person money-transfer game [think Venmo, clearXchange, QuickPay, etc.], the name of the game is speed – WSJ

The Hershey Trust has reportedly resolved its ongoing dispute with Pennsylvania’s AG over its governance ahead of a July 31 deadline to address such issues, now leaving it to shift gears and focus fully on the Mondelez takeover bid – NYTimes and Bloomberg

The Fed meets this week, and though most expect it to sit tight on rates, the Journal says don’t be surprised if it starts laying the groundwork for a September hike – WSJ

Some trouble at home for IMF chief Christine Lagarde.  Here’s what’s up – NYTimes and Law360

Fraud charges have apparently led to the liquidation of the $1.25 billion hedge-fund firm Platinum Partners, whose manager was linked to an alleged bribery scheme a month ago – WSJ

So long, Donna. LVMH is selling a fashion brand for just the second time in 30 years – NYTimes and Bloomberg

SWAK, MLB style.  When you’re 19 ½ games back, you’ll take some love wherever you can get it – Vine

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.

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