Major shakeup at Ford, where CEO Jim Hackett is out after a three-year stint in which he “achieved mixed results” but didn’t impress Wall Street enough to keep his job. Ford has installed COO James Farley, a Toyota alum who’s...more
8/6/2020
/ Anti-Competitive ,
Antitrust Violations ,
BP ,
Business Interruption ,
CEOs ,
Commercial Bankruptcy ,
Commercial Insurance Policies ,
Department of Justice (DOJ) ,
Disney ,
Enforcement Actions ,
EU ,
Financial Markets ,
Fitbit ,
Ford Motor ,
Google ,
Government Investigations ,
Kodak ,
Newspapers ,
Opioid ,
Prescription Drugs ,
Purdue Pharma ,
Revenue ,
Securities and Exchange Commission (SEC) ,
Share Price
Following recent histrionics from the White House, ByteDance, “the Chinese internet giant that owns TikTok, has offered to sell all of the popular video app’s American operations as a way to save the business from being...more
8/4/2020
/ 7-Eleven ,
Airlines ,
Apple ,
Chapter 11 ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
EU ,
Facebook ,
FinTech ,
Foreign Currency ,
Gas Stations ,
GDP ,
Hate Speech ,
Hertz ,
iPhone ,
Layoffs ,
Lord & Taylor ,
Microsoft ,
Mobile Apps ,
Mobile Payments ,
Online Advertisements ,
Payment Processors ,
Permanent Bans ,
Popular ,
Race Relations ,
Reputational Injury ,
Rupert Murdoch ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Startups ,
Tesla ,
TikTok ,
Trump Administration ,
Valeant
Much more on what to expect from Big Tech’s “Big Tobacco Moment” on the Hill today, at which Google, Amazon, Facebook, and Apple’s CEOs will endeavor to make the case that their massive companies don’t “stifle rivals and...more
7/30/2020
/ Amazon Marketplace ,
Anti-Competitive ,
Apple ,
Campaign Finance Reform ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Defense Production Act ,
Facebook ,
Federal Loans ,
Federal Reserve ,
FOMC ,
Goldman Sachs ,
Google ,
Kodak ,
Lyft ,
National Security ,
Pharmaceutical Industry ,
Remote Learning ,
Securities and Exchange Commission (SEC) ,
Uber ,
Unemployment Benefits
The SEC has served Wells notices to Under Armour, warnings that the company and its execs could “face civil-enforcement action related to the sportswear maker’s past accounting practices,” including “the company’s disclosures...more
7/28/2020
/ Administrative Appointments ,
Amazon Marketplace ,
Board of Governors ,
Dairy Farmers ,
Delta Airlines ,
Enforcement Actions ,
Exchange-Traded Products ,
Federal Reserve ,
Financial Stimulus ,
Google ,
Grocery Stores ,
Jeff Bezos ,
Legislative Agendas ,
Office Space ,
Popular ,
Re-Opening Guidelines ,
Relief Measures ,
Remote Working ,
Securities and Exchange Commission (SEC) ,
Telecommunications ,
Unemployment Benefits ,
Wal-Mart ,
Wells Fargo ,
Wells Notice
OPEC and its oil-producing allies (in Russia and elsewhere) are reportedly working on a plan to ease cuts on oil production they agreed upon in April “amid signs that demand is returning to normal levels following...more
7/14/2020
/ Antitrust Violations ,
Coronavirus/COVID-19 ,
Disney ,
Exploration and Production Assets ,
Facebook ,
Florida ,
For Profit Colleges ,
France ,
Google ,
Infrastructure ,
Investment Funds ,
Loan Forgiveness ,
Oil & Gas ,
OPEC ,
Personal Protective Equipment ,
Political Advertising ,
Re-Opening Guidelines ,
Recovery Plans ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Student Loans ,
Tariffs ,
Threshold Requirements ,
Trump Administration
On Monday, the White House announced its plan to extend a “freeze on ‘green cards’ for new immigrants” and to “suspend H-1B, L-1, J and other temporary work visas for skilled workers, managers and au pairs through the end of...more
6/23/2020
/ CFTC ,
China ,
Coronavirus/COVID-19 ,
Deutsche Bank ,
Disgorgement ,
Financial Fraud ,
Google ,
H-1B ,
H-2B ,
Hiring & Firing ,
Immigration Procedures ,
Infrastructure ,
Mobile Apps ,
Online Advertisements ,
Revenue ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Spoofing ,
Stock Markets ,
Trade Relations ,
Trading Platforms ,
Trump Administration ,
Unemployment ,
Workplace Decontamination
So about those May jobs numbers . . . . The return of 2.5 million jobs in May was a welcome and largely unexpected surprise. But the Bureau of Labor Statistics admitted later on Friday that the unemployment rate—reported as...more
6/8/2020
/ AstraZeneca ,
Bias ,
Boeing ,
Competition ,
Coronavirus/COVID-19 ,
Federal Contractors ,
Financial Markets ,
Financial Stimulus ,
Gilead Sciences ,
Huawei ,
Libor ,
NASA ,
Race Discrimination ,
Regulation Best Interest ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Stock Exchange ,
Stock Prices ,
Unemployment ,
Zoom®
Uber and Grubhub are in talks to join forces, “aiming to create one giant player in food delivery as more people turn toward those services in the coronavirus pandemic.” Uber reportedly approached Grubhub with a potential...more
5/13/2020
/ Advertising ,
Agribusiness ,
Coronavirus/COVID-19 ,
Disney ,
Facebook ,
Farms ,
Food Commodities ,
Food Supply ,
GrubHub ,
investment-a ,
JPMorgan Chase ,
On-Demand Services ,
Popular ,
PTSD ,
Remote Working ,
Retail Market ,
Revenue Growth ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Social Media ,
Stock Prices ,
Telecommuting ,
Uber ,
Workplace Injury
For the first time, the Federal Reserve system will begin buying corporate bonds—all part of the central bank’s efforts to “support the economy and financial system in the coronavirus crisis.” The NY Fed will kick things off...more
5/12/2020
/ Banks ,
BlackRock ,
Coronavirus/COVID-19 ,
Corporate Bonds ,
Economic Downturn ,
Elon Musk ,
ETFs ,
Federal Reserve ,
Financial Crisis ,
Financial Markets ,
Internet Streaming ,
Nasdaq ,
OCC ,
Re-Opening Guidelines ,
Recessions ,
Relief Measures ,
S&P ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Tesla ,
White Collar Crimes
Anticipated House passage later today of the $2 trillion COVID-19 stimulus bill helped swing markets back to a bull run (though let’s keep that bubbly corked, shall we?). The news was enough for Wall Street to shrug off a...more
3/27/2020
/ CBS ,
Coronavirus/COVID-19 ,
Federal Reserve ,
Financial Markets ,
Financial Stimulus ,
G20 ,
Global Economy ,
Recessions ,
Securities and Exchange Commission (SEC) ,
Stock Prices ,
TARP ,
Trump Administration ,
Unemployment Benefits ,
Viacom ,
Wells Fargo
The Senate unanimously passed a hotly anticipated third COVID-19-related stimulus bill last night, and the House is set to take up the measure today and vote tomorrow on the bill that would deliver $2 trillion in loans, tax...more
3/26/2020
/ Airlines ,
Canon ,
Coronavirus/COVID-19 ,
Credit Ratings ,
Data Breach ,
Dow Jones ,
Financial Markets ,
Financial Stimulus ,
Ford Motor ,
General Electric ,
Groupon ,
Investment Funds ,
Legislative Agendas ,
Moody's ,
Occidental Petroleum ,
Publicly-Traded Companies ,
Relief Measures ,
S&P ,
Securities and Exchange Commission (SEC) ,
SoftBank ,
Trump Administration ,
Unemployment Benefits
Tuesday was one of those rare Bear Market good days. Renewed optimism about a forthcoming Congressional stimulus deal (including the estimated $2 trillion it encompasses) and more time to digest the Fed’s commitment to...more
3/25/2020
/ Amazon ,
Banks ,
Coronavirus/COVID-19 ,
Facebook ,
Federal Reserve ,
Financial Markets ,
Financial Stimulus ,
Manufacturers ,
Mark Zuckerberg ,
Microsoft ,
Rating Agencies ,
Securities and Exchange Commission (SEC) ,
Stress Tests ,
Trump Administration ,
Uber
A promise of “unlimited” QE from the Fed Monday morning briefly turned the tides on Dow futures but wasn’t enough to overcome another day of COVID-19-related fears and DC gridlock over the $1.8 trillion stimulus package III...more
3/24/2020
/ Airlines ,
Allen v Cooper ,
Big Tech ,
Copyright Infringement ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Crisis Management ,
Cryptocurrency ,
Economic Downturn ,
Equipment Failure ,
Federal Reserve ,
Financial Markets ,
Financial Stimulus ,
Futures ,
Government Lockdown ,
Initial Coin Offering (ICOs) ,
Investment Fraud ,
Manslaughter ,
PG&E ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Social Media ,
Stock Sale Agreements ,
Theranos ,
Wildfires
HP has officially rejected Xerox’s enhanced takeover bid, again calling the offer “too low” and decrying its “disproportionate[] benefit” for Xerox shareholders....more
3/5/2020
/ CBS ,
China ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Disgorgement ,
DoorDash ,
Employee Definition ,
European Central Bank ,
Exploration and Production Assets ,
Federal Reserve ,
Financial Markets ,
France ,
Gig Economy ,
Hewlett-Packard ,
Housing Market ,
Huawei ,
Infrastructure ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Liu v Securities and Exchange Commission ,
Oil Prices ,
On-Demand Services ,
OPEC ,
Oral Argument ,
Popular ,
Publishers ,
Racketeering ,
Regulatory Oversight ,
Rental Property ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Takeover Bids ,
Telecommunications ,
Uber ,
Viacom ,
Wall Street ,
Wells Fargo ,
Xerox
Despite news of additional COVID-19-related deaths and infections in America, central bankers appear to have bought at least one day of peace for US markets, which posted strong gains on a late surge on Monday, breaking a...more
3/3/2020
/ Apple ,
Banks ,
Best Practices ,
Bid Rigging ,
CEOs ,
China ,
Coronavirus/COVID-19 ,
Criminal Conspiracy ,
Criminal Penalties ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Disgorgement ,
Drug Pricing ,
Economic Downturn ,
Emergency Management Plans ,
Enforcement Actions ,
EU ,
Financial Markets ,
General Electric ,
Generic Drugs ,
Global Market ,
Hewlett-Packard ,
Infectious Diseases ,
Multidistrict Litigation ,
Novartis ,
Oil & Gas ,
OPEC ,
Oral Argument ,
Pharmaceutical Industry ,
Price-Fixing ,
Public Health ,
Risk Management ,
Sandoz ,
Securities and Exchange Commission (SEC) ,
Stock Prices ,
Takeover Bids ,
Wireless Industry ,
Wireless Technology ,
Xerox
Wall Street apparently got together and decided that Monday was the day to start paying attention to the coronavirus for real. In the form of a massive selloff that left the Dow off more than 1000 points for its worst finish...more
2/25/2020
/ Acquisitions ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Credit Karma ,
Cryptocurrency ,
Director Removal ,
E-Cigarettes ,
Federal Reserve ,
Financial Markets ,
Financial Services Industry ,
Hewlett-Packard ,
Hostile Takeover ,
Independent Directors ,
Intuit ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
TurboTax ,
Wall Street ,
Xerox
Morgan Stanley shook the financial world yesterday with the announcement that it’s planning to drop $13 billion on a deal to purchase online discount brokerage E-Trade—the “biggest takeover by a major American lender since...more
2/21/2020
/ Antitrust Violations ,
Business Interruption ,
CEOs ,
Children's Products ,
Children's Toys ,
China ,
COPPA ,
Coronavirus/COVID-19 ,
E*Trade ,
Emergency Management Plans ,
Enforcement Actions ,
Financial Crisis ,
Financial Markets ,
Google ,
Government Investigations ,
Imports ,
Inventory ,
Morgan Stanley ,
Online Advertisements ,
Online Safety for Children ,
Popular ,
Public Health ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Software ,
Sprint ,
Spyware ,
State Attorneys General ,
Statutory Violations ,
T-Mobile ,
Takeovers ,
Targeted Digital Advertising ,
UBS ,
Wells Fargo
Newly released minutes from the Fed’s January meeting show central bankers preoccupied with global risks, including the still-growing economic impact of the coronavirus, while still taking a wait-and-see approach to any...more
2/20/2020
/ 401k ,
Appraisal ,
Bank of America ,
CEOs ,
China ,
Class Action ,
Constitutional Challenges ,
Consumer Financial Products ,
Coronavirus/COVID-19 ,
Countrywide ,
Cyber Threats ,
Economic Injuries ,
Elon Musk ,
Employee Benefits ,
Federal Reserve ,
Fidelity Investments ,
Financial Reporting ,
Financial Services Industry ,
France ,
Fraud ,
Global Market ,
Government Investigations ,
Huawei ,
Initial Coin Offering (ICOs) ,
Investment ,
Junk Bonds ,
Mortgages ,
NDAA ,
Presidential Pardons ,
Publicly-Traded Companies ,
Renault-Nissan ,
Retirement Plan ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Settlement Agreements ,
Solar Energy ,
Startups ,
Supply Chain ,
Telecommunications ,
Token Sales ,
Trump Administration ,
UBS ,
White Collar Crimes ,
ZTE
In a massive win for Amazon (because, again, Jeff NEEDS it), Court of Federal Claims Judge Patricia Campbell-Smith has granted the company’s motion for an injunction halting Microsoft’s work on the $10 billion cloud-computing...more
2/14/2020
/ Administrative Appointments ,
Amazon Marketplace ,
Antitrust Investigations ,
Antitrust Violations ,
China ,
Cloud Computing ,
Criminal Conspiracy ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Federal Contractors ,
Federal Reserve ,
Financial Crisis ,
Financing ,
Google ,
Huawei ,
Indictments ,
Initial Public Offering (IPO) ,
Injunctions ,
Intellectual Property Protection ,
Interference Claims ,
Liquidity ,
Microsoft ,
Music Industry ,
Popular ,
Racketeering ,
Royal Bank of Scotland ,
Securities and Exchange Commission (SEC) ,
Telecommunications ,
Tesla ,
Theft ,
Trade Secrets ,
Trump Administration
UK regulators are probing ties between disgraced financier Jeffrey Epstein and Barclays CEO Jes Staley. The bank’s board is so far standing 100% with Staley, who has expressed “regret” over his relationship with Epstein....more
2/13/2020
/ Aircraft ,
Amazon Marketplace ,
Android ,
Barclays ,
Boeing ,
CEOs ,
Child Abuse ,
Commercial Bankruptcy ,
Corporate Misconduct ,
Cryptocurrency ,
Facebook ,
Fear of Harm ,
Federal Reserve ,
Fraud ,
Google ,
Government Investigations ,
Jeff Bezos ,
Nissan ,
OFCOM ,
Popular ,
Regulatory Agenda ,
Safe Harbors ,
Securities and Exchange Commission (SEC) ,
Senate Confirmation Hearings ,
Sexual Harassment ,
Smartphones ,
Sprint ,
Startups ,
Stock Sale Agreements ,
T-Mobile ,
Telecommunications ,
Terrorist Acts ,
Theranos ,
UK ,
Wireless Industry ,
Wireless Technology
-The DOJ has announced charges against four members of China’s military related to the 2017 cyberattack on credit-reporting agency Equifax, the breach that revealed “trade secrets and the personal data of about 145 million...more
2/11/2020
/ Amazon Marketplace ,
Anti-Competitive ,
Antitrust Provisions ,
Antitrust Violations ,
Banks ,
China ,
Cloud Computing ,
Corruption ,
Criminal Prosecution ,
Cyber Attacks ,
Data Breach ,
Department of Justice (DOJ) ,
Economic Growth ,
Employee Definition ,
Equifax ,
FDIC ,
Federal Budget ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Financial Services Committee ,
FinTech ,
Gig Economy ,
Global Market ,
Hewlett-Packard ,
Independent Contractors ,
Indictments ,
Infectious Diseases ,
Microsoft ,
Misclassification ,
Personal Care Products ,
Popular ,
Proxy Advisors ,
Securities and Exchange Commission (SEC) ,
Sprint ,
Startups ,
T-Mobile ,
Takeover Bids ,
Telecommunications ,
Trump Administration ,
Uber ,
Wireless Industry ,
Xerox
Credit Suisse’s CEO Tidjane Thiam is out, to be succeeded next week by longtime company vet Thomas Gottstein. Thaim appeared to have ridden out the corporate spying scandal involving a former employee last year, and he had...more
2/7/2020
/ Activist Investors ,
Aircraft ,
Airplane Accidents ,
Bid Rigging ,
Blockchain ,
Boeing ,
Cancer ,
China ,
Corruption ,
Credit Suisse ,
Criminal Prosecution ,
Cryptocurrency ,
Digital Currency ,
Ernst & Young v Morris ,
Financial Institutions ,
Financial Markets ,
Huawei ,
Job Creation ,
Jobs Report ,
Johnson & Johnson ,
Netherlands ,
NTSB ,
Popular ,
Publicly-Traded Companies ,
Punitive Damages ,
Safe Harbors ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Stock Prices ,
Telecommunications ,
Unemployment ,
Verizon ,
White Collar Crimes
A recap of Carlos Ghosn’s big media moment on Wednesday, which was short on the escape details everyone wanted to hear and long on accusations against other execs at Nissan and Japan’s justice system....more
1/9/2020
/ Automotive Industry ,
Barclays ,
Bonds ,
Borrowers ,
Community Reinvestment Act ,
Consumer Financial Products ,
Cybersecurity ,
Fannie Mae ,
FDIC ,
Fees ,
Freddie Mac ,
GrubHub ,
Investment ,
Investment Opportunities ,
Investors ,
Israel ,
Japan ,
Loans ,
Low-Income Issues ,
Mobile Apps ,
Motion to Dismiss ,
Nasdaq ,
Nissan ,
NYSE ,
OCC ,
On-Demand Services ,
Popular ,
Rate-Rigging ,
Restaurant Industry ,
Securities and Exchange Commission (SEC) ,
Securities Exchanges ,
Social Media ,
Stock Prices ,
Vulnerability Assessments
Ride-hailing company Uber has resolved EEOC charges related to its alleged “culture of sexual harassment” and will “start a $4.4 million class fund to compensate victims of sexual harassment or retaliation from as early as...more
12/19/2019
/ #MeToo ,
Bank of England ,
Bonuses ,
Broadcom ,
Business Profits ,
CEOs ,
Climate Change ,
Coal ,
Coal Industry ,
Commercial Bankruptcy ,
Corporate Culture ,
Debt ,
Deregulation ,
Employer Liability Issues ,
Financial Markets ,
Financial Regulatory Reform ,
Hackers ,
Hedge Funds ,
High-Speed Trading ,
Hostile Environment ,
Investment ,
Murray Energy ,
Non-Public Information ,
Popular ,
Private Equity Funds ,
Private Offerings ,
Private Schools ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Semiconductors ,
Sexual Harassment ,
SoftBank ,
Stock Prices ,
Student Loans ,
Television Broadcast Stations ,
Tesla ,
Uber
U.S. and Chinese trade negotiators are “laying the groundwork for a delay of a fresh round of tariffs set to kick in on Dec. 15” as the countries continue to work through how a Chinese promise to make huge ag purchases from...more
12/11/2019
/ Bank Fraud ,
Canada ,
Chevron ,
China ,
CIGNA ,
Climate Change ,
Commodities ,
Consumer Insurance Products ,
Department of Justice (DOJ) ,
Exports ,
Exxon Mobil ,
Farms ,
Federal Trade Commission (FTC) ,
FOMC ,
For Profit Colleges ,
Fraudulent Marketing ,
Imports ,
Interest Rates ,
Loan Forgiveness ,
Martin Act ,
Mexico ,
Misleading Statements ,
Notice and Comment ,
Oil & Gas ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Statutory Violations ,
Student Loans ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trade Retaliation ,
Trade Wars ,
Trump Administration ,
UBS ,
Unfair or Deceptive Trade Practices ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies