May 29, 2014 06:16 UTC

Alibaba hints at overseas push with SingPost stake

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By Ethan Bilby

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

Alibaba hasn’t even completed its U.S. initial public offering, but already it is striking out overseas. A $249 million stake in logistics group Singapore Post targets one area where the Chinese e-commerce group may be able to apply its talent. But the concrete benefits of the deal are unclear – besides focusing investors’ attention on the potential value of growth outside the People’s Republic.

May 24, 2014 12:34 UTC

Hacked eBay exposes itself to another attack

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By Richard Beales

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

EBay just exposed itself to another attack. Carl Icahn buried the hatchet with the online auctioneer’s board before it came out that records of 145 million customers got hacked. That means there’s an opening for another uppity investor to pressure eBay’s chief executive and directors.

May 13, 2014 13:32 UTC

LSE’s tilt at Russell is a long shot

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By Robert Cole

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

Diversification might as well be Xavier Rolet’s middle name. The chief executive of the London Stock Exchange has bought into clearing, with the purchase of LCH.Clearnet. He was an unsuccessful suitor for the London Metal Exchange. He missed out on a merger with TMX, the Canadian exchange, and one chance to grow in North America. The newly-revealed ambition to take control of Russell, the U.S. index compiler and asset manager, represents another attempt to branch out.

May 9, 2014 18:29 UTC

Apple shows another symptom of mid-life crisis

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By Peter Thal Larsen

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

Apple is showing another symptom of a mid-life crisis. It hasn’t got a tattoo or hooked up with a Pilates instructor. But the iPhone inventor’s interest in headphone maker Beats Electronics suggests it feels the need to open its wallet in order to keep up with the cool kids.

May 9, 2014 18:22 UTC

Big Ad merger sorely misjudged its audience

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By John Foley

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

Publicis Omnicom has gone the way of New Coke and Microsoft Zune – ideas that looked great on paper, but sorely misjudged their audiences. The merger of the two advertising agencies was called off after it became clear the deal couldn’t be completed in a reasonable time frame, the two said on May 9.

May 8, 2014 17:47 UTC

Yahoo’s Alibaba windfall tough to spend wisely

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By Richard Beales

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

More than ever in her nearly two-year tenure, Marissa Mayer needs to find the exclamation point in Yahoo’s business. After the company sells something like half of its 22.6 percent stake in Chinese e-commerce giant Alibaba, the Yahoo chief executive could have $12 billion on hand. Spending it wisely will be tough.

May 2, 2014 14:53 UTC

Pfizer yet to land knockout blow on Astra

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By Neil Unmack 

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

Pfizer’s courtship of AstraZeneca looks like a hate-hate relationship. In January, UK pharmaceuticals group AstraZeneca viewed its U.S. larger rival’s proposal of 46.61 pounds a share as too low on cash, too risky, and too cheap to even talk about. Pfizer’s latest proposal, an attempt to get Astra to begin friendly talks, hasn’t moved the needle much.

May 1, 2014 12:00 UTC

M&A-capex inversion wrongfoots stock-pickers

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By Swaha Pattanaik

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

Resurgent business investment was supposed to lift equity markets this year. But things are not turning out as expected. The bigger beneficiaries of spendthrift chief executives appear to be takeover targets rather than firms whose earnings reflect shifts in global capital expenditure. That calls for a different investment strategy.

COMMENT

May I suggest that you develop metrics for this interesting analysis and use them to create another stock screen option on this Reuters site.

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Apr 25, 2014 14:54 UTC

Alstom split would energise business units

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By Olaf Storbeck

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

Ending the days of Alstom as an unwieldy conglomerate would end many of its headaches. Given time, the group could probably take care of its problems on its own. Outside help would allow it to speed up the recovery. And General Electric could be a powerful catalyst for the transformation.

Apr 17, 2014 06:02 UTC

Asia push to in-house M&A forces advisers to adapt

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By Una Galani

The author is a Breakingviews columnist. The opinions expressed are her own. 

Asian acquirers are taking their own advice when it comes to mergers and acquisitions – and global investment banks may have to adapt. From Singaporean sovereign investor Temasek to China’s CITIC, Asian companies are increasingly relying on internal talent to get deals done. The loss of business in an already tough market means big investment banks will have to work harder to prove their worth.

International banks have had a minimal role in two recent mega-deals. Temasek used its own mergers-and-acquisitions team to buy a 24.95 percent stake in AS Watson, the retail business of Li Ka-Shing’s Hutchison Whampoa, in March. Hong Kong-listed CITIC Pacific has named only its own subsidiary, and a related outfit, as advisers on its $36.5 billion acquisition of assets from its parent. Morgan Stanley worked on the deal, say people familiar with the situation, but isn’t mentioned in public documents.