Dec 12, 2014 20:13 UTC

Goldman updates IPOs for the Candy Crush era

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By Jeffrey Goldfarb

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

Goldman Sachs has updated IPOs for the Candy Crush era. Bosses of firms heading for public markets are hooked on the bank’s app, which lets them track book-building in real time. With Apple and IBM coding mobile software for big companies, the smartphone economy is swiftly moving from the living room to the boardroom.

Dec 11, 2014 22:03 UTC

More Porsche than Prada: Why Ferrari’s worth $7bln

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By Olaf Storbeck

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

Ferrari is more Porsche than Prada. Fiat Chrysler Chief Executive Sergio Marchionne aims to spin-off the Italian sports carmaker in 2015, and wants it to be valued like a luxury goods company, with an enterprise value of up to 10 billion euros ($12.4 billion). Fast cars, however, are harder to craft than handbags or high heels. A more reasonable price tag would not be much more than half that.

COMMENT

Love my 512M – still cant figure Tesla valuations – zero GAAP profit in 10 years
Please fix FI 2015

Posted by jackdanielsesq | Report as abusive
Dec 11, 2014 19:29 UTC

Overreaching enforcers redraw insider trading line

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By Reynolds Holding

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

Enforcers have revealed an insider trading line by stepping over it. A U.S. court on Wednesday tossed convictions of two hedge fund managers, sharply narrowing the law on improper dealings. Prosecutors should expect more embarrassing reversals. The silver lining is that the ruling gives Wall Street some much-needed clarity on what’s forbidden and should curb government excesses.

Dec 10, 2014 19:50 UTC

Billy Salomon dies as his trading era returns

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By Antony Currie

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

Billy Salomon has passed away at 100 just as the trading era he ushered in is returning. As boss of his father’s eponymous firm in the 1960s and 1970s, he turned Salomon Brothers from a U.S. Treasuries shop into, among other things, a bonds powerhouse. All the while, though, he kept a handle on risk and an eye on what was best for the client.

Dec 8, 2014 20:40 UTC

Merck bets $8.4 bln on more profitable antibiotics

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By Robert Cyran

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

Superbugs may have beneficial side effects – for giant pharmaceutical companies. In agreeing to buy Cubist Pharmaceuticals, Merck is betting $8.4 billion that the antibiotics used to fight them will become more profitable.

Dec 5, 2014 19:19 UTC

Uber flips the bird at critics with convertible

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By Robert Cyran

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

Uber is really flipping the bird at critics with its latest financial deal. The taxi app’s valuation soared to $40 billion in its latest funding round. But a plan to issue securities that convert to stock at a discount to its eventual IPO price shows how firmly Chief Executive Travis Kalanick remains in the driver’s seat. Uber can raise money at a potentially massive premium.

Dec 4, 2014 19:16 UTC

Cramer’s mad money: fair game for fellow blowhard

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By Quentin Webb

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

It’s a clash of Wall Street troublemakers: the biggest character in financial TV versus a poison-pen activist investor. The mad money Jim Cramer collects from TheStreet is, however, fair game for his fellow blowhard. Carlo Cannell wants Cramer, a CNBC stockpicker as well as founder of TheStreet, to help spur a sale of the company or take a big pay cut and quit TV.

COMMENT

These clowns are snakeoil salesmen – there is more honesty at a used car lot

Musk [tweet] is another prime example

Posted by jackdanielsesq | Report as abusive
Dec 3, 2014 11:53 UTC

Sinking rouble puts debt squeeze on Russia Inc

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By Pierre Briançon

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

Russia does not have an external debt problem. At around 37 percent of GDP – versus 1.5 to three times GDP, say, for developed European economies – it should be easily manageable. For Russian companies and banks, it’s a different story.

COMMENT

Once the economy starts contracting, and prices of food start rising- support for Mr. Putin will slowly fade.

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Dec 1, 2014 15:05 UTC

E.ON’s “bad power” spinoff promises little upside

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By Olaf Storbeck

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

E.ON is coming clean on dirty energy. In a historic move, Germany’s largest utility is exiting conventional generation and bundling unwanted risky assets into a new company to be spun off. The remaining E.ON will concentrate on distribution and green electricity. While both management teams will benefit from focus, this “bad power” spinoff will struggle to offer a tempting investment case.

Nov 28, 2014 12:08 UTC

Market too bearish on European oil services

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By Fiona Maharg-Bravo

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

Oil service companies are in a bad place. The sharp drop in oil prices to $72 a barrel has coupled with slowing capital expenditure among oil majors. Petrofac, whose shares have fallen 30 percent in a week, has fared especially badly. Seadrill is another.

COMMENT

The next elephant in the SDRL/NADL boardroom you’re not being told about.
Would NADL/Seadrill’s Assets Be Subject To The Proposed Russian Foreign Assets Seizure Law?

http://fredriksenwatch.blogspot.fr/2014/ 11/would-nadlseadrills-assets-be-subject .html

Posted by Amanda111 | Report as abusive