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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.

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.

Mar 25, 2015
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Kraft investors bet Heinz can refill secret sauce

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

H.J. Heinz’s operating margins rocketed from 18 percent to 26 percent after 3G Capital and Warren Buffett’s Berkshire Hathaway took the ketchup maker private two years ago. In welcoming a merger that creates a company worth perhaps $80 billion, Kraft Foods investors are betting on more of the same.

Mar 13, 2015
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BNY Mellon spat hints at activism getting crowded

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By Richard Beales

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

Bank of New York Mellon is under fire. Again. Marcato Capital Management is gunning for Gerald Hassell, chief executive of the $44 billion U.S. financial institution. That’s after Nelson Peltz’s Trian, armed with a similar critique, already secured a board seat. Activism is starting to look like a crowded strategy.

Mar 13, 2015
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BNY Mellon spat hints at activism getting crowded

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By Richard Beales

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

Bank of New York Mellon is under fire. Again. Marcato Capital Management is gunning for Gerald Hassell, chief executive of the $44 billion U.S. financial institution. That’s after Nelson Peltz’s Trian, armed with a similar critique, already secured a board seat. Activism is starting to look like a crowded strategy.

Jan 29, 2015
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Say “ni hao” to Jack Ma’s Amazon-style volatility

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By Richard Beales

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

Jack Ma is a force of nature, and he pushes Alibaba in unexpected directions. Like counterpart Jeff Bezos at Amazon, Ma has built online retail dominance. But “predictable” isn’t a word to describe either company. The Chinese group’s stock tumbled more than 10 percent on Thursday following its latest financial results. That followed a 4.4 percent decline on Wednesday after a Chinese regulator targeted Alibaba. The two-day loss in market value tallies to nearly $40 billion.

Jan 21, 2015
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Old M&A dogs try old tricks with new activist fund

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By Richard Beales

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

Can old dogs make money out of old tricks? That’s the question facing ex-JPMorgan M&A boss and finance chief Doug Braunstein and longtime deal lawyer Jim Woolery. The two have collected $250 million and a network of corporate chieftains to kick-start a fund that will invest in companies and persuade them to do deals that boost share value. The question is whether there’s room for permanently well-mannered activism in 2015.

    • 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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