Edition:
United States

Jennifer Saba

Apr 20 2017

Viewsroom: Theresa May’s big Brexit gamble

NEW YORK (Reuters Breakingviews) - The UK PM wants an early general election to strengthen her majority in parliament, stoking market hopes of a friendly exit from the EU. Those may be misplaced. Elsewhere, Trump’s Buy American, Hire American plan is deeply flawed. And Goldman takes a beating from Morgan Stanley.

Apr 20 2017

Verizon's M&A signal comes in a little clearer

NEW YORK (Reuters Breakingviews) - Verizon's M&A signal is starting to come in a little clearer. The U.S. telecommunications titan reported a 20 percent drop in quarterly profit as a new sales initiative failed to attract customers. Its strategy behind buying AOL and Yahoo is perplexing. All of it probably helps explain why Chief Executive Lowell McAdam just indicated he's open to the idea of a bigger deal.

Apr 20 2017

Belated O’Reilly exit shows Fox still on back foot

NEW YORK (Reuters Breakingviews) - It takes the exit of dozens of advertisers and numerous protests to force change at Twenty-First Century Fox, it seems. The company on Wednesday parted ways with top Fox News anchor Bill O’Reilly in the wake of the criticism and lost ad dollars that followed a New York Times report cataloging sexual-harassment allegations he and Fox had settled. The U.S. cable channel’s chief architect, Roger Ailes, was booted amid a similar scandal nine months ago. The cleanup hardly comes across as whole-hearted.

Apr 18 2017

Netflix content crown begins to fit comfortably

NEW YORK (Reuters Breakingviews) - Netflix's content crown is starting to fit a bit more comfortably. In its first quarter, the video-streaming service led by Reed Hastings missed subscriber estimates yet still managed to grab nearly 100 million customers worldwide. The plan to spend billions on films and TV series like “Stranger Things” is helping to lift its base. But it’s still far from able to justify a stock trading at 130 times this year’s estimated earnings.

Apr 17 2017

Murder video puts lie to Facebook cleanup pledge

NEW YORK (Reuters Breakingviews) - A grisly murder video has muddied Facebook’s pledge to clean up the social network. Mark Zuckerberg’s firm bungled its response to the posting of a man's killing. The incident jars with the company's promise to police fake news and other objectionable posts. Silicon Valley’s content problem will need to be addressed by more than algorithms.

Apr 13 2017

Viewsroom: United joins corporate culture chaos

NEW YORK (Reuters Breakingviews) - Taking three days to offer a basic apology to the passenger dragged off a flight suggests deeper problems at the U.S. airline. Poor leadership and processes took a toll on Wells Fargo and Toshiba, too. Executives and boards ignore the lessons of cultural failures at their peril.

Apr 06 2017

Viewsroom: Jamie Dimon’s bank-reform cheat sheet

NEW YORK (Reuters Breakingviews) - The JPMorgan CEO’s latest shareholder letter hands President Trump and Republicans plenty of tips and sound bites for rolling back post-crisis rules. But the administration’s failure to replace the Fed’s departing top regulator throws more doubt on a Dodd-Frank overhaul.

Apr 04 2017

Fox scandals weaken Murdochs' TV future

NEW YORK (Reuters Breakingviews) - Fox News has entered the spin zone. Automakers Mercedes-Benz, Hyundai and BMW are among the companies pulling ads from "The O'Reilly Factor" amid a scandal involving popular host Bill O'Reilly. The cost to parent Twenty-First Century Fox is low for now. A toxic culture, however, can damage long-run efforts to broaden consumer appeal.

Mar 30 2017

Viewsroom: David Einhorn pokes under GM hood

NEW YORK (Reuters Breakingviews) - The activist’s proposal that the automaker split its stock to give some shareholders a perpetual dividend is a risky maneuver. President Trump’s plan for skilled-worker visas may make Canada great again. Plus, Republicans face high hurdles to overhaul the U.S. tax code.

Mar 23 2017

Viewsroom: Google, Facebook under the gun

NEW YORK (Reuters Breakingviews) - The ad kings have faced criticism over questionable content. Now Google is in the hot seat as brands like L’Oreal pull their digital spending. Also, Lyft finds an opening as Uber hits roadblocks. Plus: Not all is copacetic between Goldman Sachs alumni in Washington.

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