Your daily dose of financial news - The Brief – 7.26.16

Robins Kaplan LLP
Contact

The Fed’s preparing an enforcement action against Goldman Sachs over a leaking scandal from two years ago in which a NY Fed employee gave confidential gov’t information to a GS banker – NYTimes and WSJ

The Yahoo that we know is now Verizon’s.  But what about the rest of the former Y!—a nearly $40 billion collection of stakes in Alibaba, Yahoo Japan, and noncore patents?  Some thoughts – NYTimes

The latest Brexit surprise [other than this impact on the beer world]: arguably, the bouncebackWSJ

That said, probably best to keep an eye on Libor, which is creeping up again – WSJ

Apollo Global announced yesterday that it’s taking Outerwall Inc.—parent of DVD rental vending machines Redbox and Coinstar coin counting machine—private for roughly $900 million – NYTimes and WSJ

Private equity bigwig Lynn Tilton has reportedly hired appellate superstar Paul Clement (after Gibson Dunn got the boot) to represent her in her “bid to revive her challenge to the [SEC’s] in-house court at the Second Circuit” – Law360

Confused about the real value of private start-ups?  You’re in luck—there’s a start-up for that – NYTimes

You heard it first from Florida (so trust it accordingly).  Bitcoin = not money. Good to know – WSJ and Law360

Pesky air safety rules preventing drone delivery in the US?  Well, Amazon’s making a Brentrance and giving it a go in the UK – NYTimes

Golf’s final major of the year kicks off on Thursday at Baltusrol in New Jersey.  Here’s a pretty fascinating piece on the legend of Baltus Roll, the murdered farmer said to haunt the grounds of the course – NYTimes

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