Under pressure to divest, Scripps has held talks with Viacom. This is the third time it is holding merger talks with Discovery Communications. If the deal were to go through it would create a $19 billion cable network company. … Read More ›
Regulations & Legal
New rule to protect businesses from Class Action lawsuits from consumers enters a critical period
The new rule limits the ability of consumers to sue financial companies. This should be read in the context of the Trump Administration trying to repeal the Dodd–Frank Wall Street Reform and Consumer Protection Act. A rule that was years in the making, intended… Read More ›
House Republican unveils U.S. tax reform for 2018
The plan envisages a repeal of many safe-guard laws whose provisions increase the compliance cost for big businesses. In a first step towards U.S. tax reforms, the U.S. House of Representatives has released budgetary proposals for the fiscal year 2018… Read More ›
Greenlight Capital’s position in Toshiba drive up its stock price
As per the U.S. hedge fund, Toshiba’s shares have the potential to touch 400 yen once it manages to overcome its legal battle with Western Digital Corp. In a significant development, U.S. hedge fund Greenlight Capital has disclosed, it has… Read More ›
U.S. Appeals court upholds imposition of FBI gag order for data surveillance
An attorney for the Electronic Frontier Foundation disclosed that the decision to appeal to the U.S. Supreme Court is open and has yet to be taken. In a ruling that has dealt a blow to privacy advocates, a U.S. federal… Read More ›
The ECB is likely to launch ownership control procedures for 2 of the top Deutsche Bank’s share holders
The fact that the Europe’s central bank is considering to investigate China’s & Qatar’s holdings is telling. As per a regulatory source within Europe’s top banking regulator, the bloc’s central bank is considering carrying out a review of Deutsche Bank’s… Read More ›
Takata’s bankruptcy creating legal history
Takata’s bankruptcy proceedings on novel ground given the number of parties involved and the quantum of the recall. With last week’s global recall of Takata Corp’s defective air bags being widened, the bigger worry, as per legal experts, is the… Read More ›
A $2 billion private hedge fund is now worth pennies
As per WSJ’s report, Houston-based EnerVest Ltd stands out because only 7 private-equity funds worth more than $1 billion have ever lost money for investors. As per a report filed by the Wall Street Journal, a number of lenders, including… Read More ›
Wells Fargo divesting businesses following fake account scandal
Wells Fargo is restructuring itself to make it leaner and more efficient. The Financial Times has reported citing Wells Fargo’s CFO, John Shrewberry as saying, it will be spinning off a number of its products “worth hundreds of millions of… Read More ›
Michel Barnier and David Davis officialy kickstart Brexit negotiations today
While Barnier and Davies thrash out the larger issues, working groups on either side will focus on issues, including, recovering Britain’s budgetary dues to the EU, citizen’s rights, and other tidbits. On Monday, when Britain’s Brexit Secretary David Davis meets… Read More ›
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