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Jun 25, 2015
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New drivers could rev Formula One’s billions

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

Formula One has an extra race on its calendar this year: to find new drivers for its billions. Private equity backer CVC Capital Partners is ready to speed off after nearly 10 years of turbocharged returns, while 84-year-old patriarch Bernie Ecclestone may not be doing enough to tune high-tech motor racing’s commercial chassis.

Jun 25, 2015
via Breakingviews

New drivers could rev Formula One’s billions

Photo

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

Formula One has an extra race on its calendar this year: to find new drivers for its billions. Private equity backer CVC Capital Partners is ready to speed off after nearly 10 years of turbocharged returns, while 84-year-old patriarch Bernie Ecclestone may not be doing enough to tune high-tech motor racing’s commercial chassis.

Jun 1, 2015
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Intel chips in for elusive post-M&A pricing power

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

Revenue synergies can be an elusive goal in mergers. Yet three big acquisitions in the chipmaking sector – the latest Intel’s $17 billion swoop on Altera – are promising plenty of them. Some acquirers may manage to work magic on their top lines, but it’s optimistic to think all of them will.

Jun 1, 2015
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Intel chips in for elusive post-M&A pricing power

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

Revenue synergies can be an elusive goal in mergers. Yet three big acquisitions in the chipmaking sector – the latest Intel’s $17 billion swoop on Altera – are promising plenty of them. Some acquirers may manage to work magic on their top lines, but it’s optimistic to think all of them will.

May 28, 2015
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Avago offers textbook case for chip consolidation

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

Avago Technologies is offering what might become a textbook merger case. In its $36 billion-plus acquisition of rival chipmaker Broadcom, Avago’s record, industry logic, the cash-and-stock mix, a premium just under 30 percent and synergies all add up. Only an interloper could spoil the party.

May 28, 2015
via Breakingviews

Avago offers textbook case for chip consolidation

Photo

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

Avago Technologies is offering what might become a textbook merger case. In its $36 billion-plus acquisition of rival chipmaker Broadcom, Avago’s record, industry logic, the cash-and-stock mix, a premium just under 30 percent and synergies all add up. Only an interloper could spoil the party.

May 22, 2015
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Shake Shack unveils a cluckin’ $250 mln sandwich

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

A once humble New York hot-dog stand may have just turned into the ultimate market indicator. Shake Shack, which went public in January, hit a new record high share price on Thursday, implausibly boosting the value of restaurateur Danny Meyer’s creation by $250 million, to $3.3 billion.

Apr 17, 2015
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Bloomberg outage highlights another bank weakness

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

Bloomberg’s global outage on Friday highlights yet another banking sector weakness. The financial data network’s downtime may have been a problem only for the richest fraction of the top 1 percent. But it prompted enough worry for the Bank of England to remind banks that it’s there as a lender of last resort, raising questions about traders’ heavy reliance on a few fallible systems.

Apr 17, 2015
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Bloomberg outage highlights another bank weakness

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

Bloomberg’s global outage on Friday highlights yet another banking sector weakness. The financial data network’s downtime may have been a problem only for the richest fraction of the top 1 percent. But it prompted enough worry for the Bank of England to remind banks that it’s there as a lender of last resort, raising questions about traders’ heavy reliance on a few fallible systems.

Apr 16, 2015
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Bernanke musters maximum revolving-door dignity

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

Ben Bernanke is following a well-worn path to the private sector. The Federal Reserve chief turned economics blogger is going to advise Ken Griffin’s $25 billion hedge fund firm, Citadel Investment Group. Critics may cry foul. But even former public servants are entitled to work for pay.

    • About Richard

      "Richard Beales joined Breakingviews.com in 2007 from the Financial Times, where he was US markets editor and a Lex columnist. Prior to the FT, he spent more than 10 years as an investment banker, based largely in Hong Kong. He was a director in Citigroup’s mergers team, and before that head of Schroders’ regional project finance group. He has also lived briefly in Sydney, Australia, and began his working life in London at Mars & Co, a management consultancy, in 1989. Richard holds a masters in business journalism from New York University and a degree in biochemistry from St John’s ..."
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