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Morgan Stanley followed Wall Street peers with a glum quarter in trading, but wealth management cushioned the blow. That’s one of James Gorman’s biggest achievements in his near-decade as CEO, Antony Currie argues. If only shareholders had more than middling gains to show for it.
Posted: July 18, 2019, 4:59 pm
Amazon.com is offering $10 to consumers who let it track their web browsing. It’s a cheap way to boost the e-commerce giant’s clout, but as Robert Cyran explains, it also underscores the anti-competitive concerns the U.S. Congress and European regulators are raising.
Posted: July 17, 2019, 5:04 pm
Wall Street earnings are in full swing. Jennifer Saba and Antony Currie explain why Goldman Sachs boss David Solomon may be thankful for the lumpy businesses he’s trying to downplay, how Wells Fargo’s cost cutting may aid its CEO search – and how JPMorgan leads the pack.
Posted: July 16, 2019, 5:30 pm
The biotech giant is spending $5.1 billion on Belgian outfit Galapagos but won’t take control. That, says Robert Cyran, means Gilead can profit from the smaller drugmaker’s successes, while limiting the risk. It’s a smart move, as both Roche and Sanofi discovered.
Posted: July 15, 2019, 5:23 pm
Fewer venture deals in the mainland, lacklustre initial public offerings and a trade war all clouded the outlook at Hong Kong’s annual Rise technology conference. There could still be good news for investors and newer markets, as Alec Macfarlane explains.
Posted: July 12, 2019, 2:37 pm
McAfee is reportedly tilting at an IPO. Its original core business is in decline, but the company has been spruced up by its private equity owners. It doesn’t hurt that demand for software and for new stock listings is voracious too, as Robert Cyran explains.
Posted: July 11, 2019, 5:07 pm
WarnerMedia is taking the hit comedy series “Friends” away from Netflix for a reported $425 mln, to burnish its new streaming service HBO Max. That’s a decision it should have made months ago, Jen Saba argues, but it still leaves Netflix plenty to laugh about.
Posted: July 10, 2019, 5:42 pm
Cisco hasn’t worked out cost savings for its $2.8 bln purchase of supplier Acacia. Wall Street minnow Piper Jaffray reckons it doesn’t need them to double margins with its $485 mln pounce for Sandler O’Neill. Antony Currie and Tom Buerkle assess the merits of both deals.
Posted: July 9, 2019, 5:13 pm
America’s World Cup soccer win has exposed a battle over unequal pay, with women earning a fraction of what their male counterparts get in spite of their performance. The problem – and the solution – have parallels in the corporate world, Jen Saba explains.
Posted: July 8, 2019, 5:28 pm
July 5 - Beer behemoth AB InBev kicked off the Hong Kong IPO process for its Asian business, which could be worth some $65 bln. Alec Macfarlane and Jeffrey Goldfarb discuss the frothy valuation and how the Budweiser APAC listing could lead to more brewery deals in the region.
Posted: July 5, 2019, 2:31 pm