Jeffrey's Feed
Apr 2, 2015
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April 1 jokes expose greater fools of finance

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

April 1 delivered a timely reminder that financial fools abound. Tesla’s attempt at humor by announcing the Tesla Model W, an obvious parody of Apple’s forthcoming watch, caused its share price and trading volume to jump. Meanwhile, Tinder for Uber seemed all too feasible in a Silicon Valley littered with funding for oddball pitches. When investors can be easily duped, it’s a good sign markets are high on hype and distortions.

Apr 2, 2015
via Breakingviews

April 1 jokes expose greater fools of finance

Photo

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

April 1 delivered a timely reminder that financial fools abound. Tesla’s attempt at humor by announcing the Tesla Model W, an obvious parody of Apple’s forthcoming watch, caused its share price and trading volume to jump. Meanwhile, Tinder for Uber seemed all too feasible in a Silicon Valley littered with funding for oddball pitches. When investors can be easily duped, it’s a good sign markets are high on hype and distortions.

Mar 31, 2015
via Breakingviews

Charter deal may not be final word on Bright House

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

The U.S. cable puzzle is starting to take shape. None of the pieces is a snug fit just yet, though.

Mar 18, 2015
via Breakingviews

U.S. mega-mall deal features bazaar tactics

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

U.S. operators of fancy retail complexes are showing similarities to far-flung bazaar traders. Mall owner Macerich rejected an unwanted $22 billion takeover bid from larger rival Simon Property. The premium on offer may be less valuable than claimed. Even so, the target company’s response is the more disingenuous haggle.

Mar 18, 2015
via Breakingviews

U.S. mega-mall deal features bazaar tactics

Photo

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

U.S. operators of fancy retail complexes are showing similarities to far-flung bazaar traders. Mall owner Macerich rejected an unwanted $22 billion takeover bid from larger rival Simon Property. The premium on offer may be less valuable than claimed. Even so, the target company’s response is the more disingenuous haggle.

Mar 11, 2015
via Breakingviews

Winner of “Survivor: Mega-Banks” may be loser

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By Jeffrey Goldfarb

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

Staying power in the corner suite isn’t always what it’s cracked up to be. With Brady Dougan stepping down as chief executive of Credit Suisse, it leaves JPMorgan, Goldman Sachs and Wells Fargo as the three American mega-banks with pre-2008 bosses. Jamie Dimon, Lloyd Blankfein and John Stumpf have overcome all manner of challenges but also are approaching a decade at the helm. One lesson from the crisis was the danger of sticking around too long.

Mar 9, 2015
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Mall king’s $22 bln bid tests its hostile nature

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By Jeffrey Goldfarb

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

Simon Property is putting its hostile tendencies to the test again. Frustrated by being ignored in private negotiations, the biggest U.S. shopping center owner unveiled to the public its $22 billion offer to buy rival Macerich. Simon has used similar tactics before with mixed results. Real estate tends to require some aggression, but it can backfire.

Mar 9, 2015
via Breakingviews

Mall king’s $22 bln bid tests its hostile nature

Photo

By Jeffrey Goldfarb

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

Simon Property is putting its hostile tendencies to the test again. Frustrated by being ignored in private negotiations, the biggest U.S. shopping center owner unveiled to the public its $22 billion offer to buy rival Macerich. Simon has used similar tactics before with mixed results. Real estate tends to require some aggression, but it can backfire.

Feb 20, 2015
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Time Warner Cable’s deal risk goes down to wire

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By Jeffrey Goldfarb

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

Time Warner Cable’s deal risk is going down to the wire. The $45 billion sale to larger rival Comcast has already been under consideration for nearly a year by U.S. regulators. A Federal Communications Commission preoccupied with its decision to treat the internet like a utility caused part of the delay. The agency’s decision to raise the standard for high-speed broadband also sparked fresh concern it might influence the Department of Justice’s analysis. Implied chances for success are now at 60 percent, close to the lowest in the market since the transaction was announced.

Jan 23, 2015
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Putin, Piketty and Draghi hit Davos in spirit only

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By Jeffrey Goldfarb 

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

It can feel like everyone who’s anyone in politics and finance is in Davos, Switzerland this week. World leaders and most of the titans of industry and finance again are swapping ideas in public sessions and over private cocktails at the World Economic Forum’s 45th annual meeting. Conversations are buzzing up and down the Promenade about rampant inequality, the European Central Bank’s plan to flood markets with money and Russia’s conflict with Ukraine. Notably missing from the Alpine retreat are the three people actually inspiring those debates.