Antony's Feed
Aug 28, 2015
via Breakingviews

Freeport-McMoRan leaves Carl Icahn lots of targets

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

Freeport-McMoRan’s latest round of cuts still leaves Carl Icahn plenty of targets. The struggling miner’s stock has now soared some 33 percent since it announced spending and staff reductions on Thursday – just before the activist investor revealed he owned an 8.5 percent stake. The pre-emptive strike won’t be enough to satisfy the feisty billionaire, though.

Aug 28, 2015
via Breakingviews

Freeport-McMoRan leaves Carl Icahn lots of targets

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

Freeport-McMoRan’s latest round of cuts still leaves Carl Icahn plenty of targets. The struggling miner’s stock has now soared some 33 percent since it announced spending and staff reductions on Thursday – just before the activist investor revealed he owned an 8.5 percent stake. The pre-emptive strike won’t be enough to satisfy the feisty billionaire, though.

Aug 27, 2015
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Coke’s sparkling H2O talk is a bit too fizzy

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By Antony Currie and Ben Kellerman

The authors are Reuters Breakingviews columnists. The opinions expressed are their own. 

Coca-Cola’s sparkling talk about its water achievements is a bit too fizzy. The $170 billion company run by Muhtar Kent reckons it’s on course to hit its goal of replenishing all the water it uses by the end of this year – five years earlier than the 2020 target.

Aug 27, 2015
via Breakingviews

Coke’s sparkling H2O talk is a bit too fizzy

Photo

By Antony Currie and Ben Kellerman

The authors are Reuters Breakingviews columnists. The opinions expressed are their own. 

Coca-Cola’s sparkling talk about its water achievements is a bit too fizzy. The $170 billion company run by Muhtar Kent reckons it’s on course to hit its goal of replenishing all the water it uses by the end of this year – five years earlier than the 2020 target.

Aug 14, 2015
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Goldman’s bank deal swaps one risk for another

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Goldman Sachs is swapping one too-big-to-fail dilemma for another. The Wall Street firm is buying an online banking platform and $16 billion of deposits from GE Capital. The deal has a number of advantages for Goldman, but carries plenty of risk.

Aug 10, 2015
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Buffett’s $37 bln Castparts deal lacks precision

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Warren Buffet’s latest mega-deal lacks precision. The Oracle of Omaha’s Berkshire Hathaway is paying $37 billion, including debt, for aircraft components maker Precision Castparts. The acquisition fits Buffett’s mold, but coincides with cyclical highs in plane orders, stock valuations and M&A.

Aug 10, 2015
via Breakingviews

Buffett’s $37 bln Castparts deal lacks precision

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Warren Buffet’s latest mega-deal lacks precision. The Oracle of Omaha’s Berkshire Hathaway is paying $37 billion, including debt, for aircraft components maker Precision Castparts. The acquisition fits Buffett’s mold, but coincides with cyclical highs in plane orders, stock valuations and M&A.

Jul 23, 2015
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Lazard and Evercore do more with less in M&A boom

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Lazard and Evercore are doing more with less in the continuing M&A boom. Second-quarter results this week show the two independent advisers have not reaped as much benefit as bulge-bracket rivals from the recent dealmaking surge. But they leave more of the gains for shareholders.

Jul 23, 2015
via Breakingviews

Lazard and Evercore do more with less in M&A boom

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Lazard and Evercore are doing more with less in the continuing M&A boom. Second-quarter results this week show the two independent advisers have not reaped as much benefit as bulge-bracket rivals from the recent dealmaking surge. But they leave more of the gains for shareholders.

Jul 22, 2015
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John Thain leads way for U.S. regional bank M&A

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

John Thain is leading the way for U.S. regional bank M&A. The boss of CIT – and the former chief executive of both Merrill Lynch and the NYSE – on Tuesday secured regulatory approval to buy OneWest for $3.4 billion. The deal is the first since the financial crisis struck to transform a run-of-the-mill financial institution into a systemically important one. That should clear the way for more deals.

    • About Antony

      "Antony Currie has more than a decade of experience as a financial journalist, having worked with Euromoney since 1996, most recently as a U.S. editor. He has worked on assignments in the major financial centers of Europe and the U.S. and written stories on capital markets, global economies and the investment banking industry. He holds a bachelor's degree in German language and literature and a master's degree in politics and international relations from the University of Bristol."
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