NEW YORK (Reuters Breakingviews) - The chipmaker is shelling out $15 bln for autonomous-driving parts firm Mobileye, a cool 30 times estimated revenue. Intel missed the mobile-phone revolution. Is it finally on the right road? Plus: Washington bounces bitcoin’s bid for mainstream acceptance.
NEW YORK (Reuters Breakingviews) - Ant Financial's march may be worth slowing down. A $1 billion offer for MoneyGram from Euronet Worldwide improves on the deal it agreed earlier this year with the payments arm of Jack Ma's e-commerce colossus Alibaba. The interloper is in the rare position of having a couple of important advantages over the deep-pocketed Chinese entrepreneur.
NEW YORK (Reuters Breakingviews) - The U.S. president and congressional Republicans’ rush to ditch the Affordable Care Act is spawning pox-plagued legislation. Meanwhile, Deutsche Bank tries to get its financial house in order. And State Street’s fund managers are pushing to get more women on corporate boards. Listen to the podcast here: https://soundcloud.com/reuters/trumps-bad-prescription-for
NEW YORK (Reuters Breakingviews) - The giant Japanese tech firm has been on a global M&A tear, but shareholders aren’t buying it. President Trump's mix of details-free policy pledges and jingoistic militarism looks dazed, confused and dangerous. Plus: Silvio Berlusconi's AC Milan sale puts Chinese buyers offside.
NEW YORK (Reuters Breakingviews) - A former employee accused the ride-hailing company of sexual harassment and gender discrimination. It’s not only bad form but yet another roadblock for money-losing Uber. Plus, where do Kraft Heinz and its owner 3G go after their failed $143 bln bid for Unilever?
NEW YORK (Reuters Breakingviews) - The president's vacillating over firing national security adviser Michael Flynn is the kind of mistake that gets corporate chiefs fired. Toshiba deals its way to a $6.3 bln loss. California's water woes are a national wake-up call. And Wall Street parties like its 2007.
NEW YORK (Reuters Breakingviews) - President Trump wants to "do a number" on post-crisis financial reforms, but overturning them will be tough. Paris emerges as the top city for financial types after Brexit. Plus, why a legal brief filed by Google and others against Trump's immigration ban is such an unusual move.
NEW YORK/LONDON (Reuters Breakingviews) - Dan Loeb is getting too bullish on banks. In his latest letter to investors in Third Point, the high-profile hedge-fund manager argues that a combination of rate hikes and operating leverage will jack up returns for U.S. lenders and investment banks before any tax cuts or regulation take effect.
NEW YORK (Reuters Breakingviews) - President Trump's trade-tariff threats and his temporary immigration ban risk undermining business-friendly policies like deregulation and tax cuts. Meanwhile, he has nominated a Supreme Court justice. And Under Armour takes center stage in the battle for shareholder rights.
NEW YORK (Reuters Breakingviews) - Independent M&A shops face a tricky 2017. Evercore, Greenhill and Lazard, which reported estimates-beating earnings on Thursday, proved their resilience last year by weathering a choppy environment better than most big bank rivals. Continued success, though, requires confident clients. And they are looking for President Donald Trump and Congress to ensure that happens.