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Dec 26, 2013
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Casting Blofeld: Wall Street’s pitchfork mob needs new villain

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By Richard Beales

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

Wall Street critics need a new villain. Goldman Sachs has implemented a successful charm offensive since lawmakers hauled Chief Executive Lloyd Blankfein up to Capitol Hill and regulators extracted a $550 million settlement from the bank a few years ago. The case against JPMorgan boss Jamie Dimon is struggling to take hold. Steve Cohen, the hedge fund Wizard of Oz, is nursing legal wounds. The culture of greed in finance won’t disappoint for long, though.

Dec 5, 2013
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Forget museum art – Banksy might help Detroit

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By Richard Beales and Kevin Allison
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Christie’s says artworks owned by bankrupt Detroit could fetch up to $866 million. But there’s no need to stop there. With 78,000 abandoned buildings and a Banksy tag potentially worth $1 million or more, graffiti could help save the day.

Nov 27, 2013
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Give thanks for the pope’s anti-free market views

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

Wall Street bigwigs often lean economically right and socially left. In what looks like a manifesto for his papacy, Pope Francis takes the opposite stance. He might not, however, object to the relatively uncommercialized American Thanksgiving holiday. And over their turkey on Thursday, the rich might ponder a financial system that the pope says “rules rather than serves.”

Nov 15, 2013
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Review: At Apple’s core, a fitting man of mystery

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

Jonathan Ive is the British perfectionist who leads Apple’s design team. A new book about him by journalist Leander Kahney shows his huge influence uniting form and function at the U.S. tech giant. But Ive the man remains largely hidden behind a screen that’s as obsessively crafted as any of the company’s gadgets.

Nov 13, 2013
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A trio of finance lessons from Bacon’s triptych

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By Richard Beales and Rob Cox

The authors are Reuters Breakingviews columnists. The opinions expressed are their own. 

The record-busting $142 million sale by Christie’s of Francis Bacon’s triptych of Lucian Freud on Tuesday – not to mention the unprecedented New York auction total of almost $700 million – shows a contemporary art market in heady territory. It’s possible, if a tad tenuous, to extract a matching trio of lessons for the broader world of finance.

Nov 11, 2013
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BlackBerry turnaround starts out all thumbs

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

BlackBerry’s turnaround is starting out all thumbs. The $85 million worth of stock handed to new boss John Chen over five years at least provides the right incentives. But the struggling Canadian company surely needs more attention than one man doing both top jobs, especially if he’s commuting from California.

Nov 4, 2013
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Twitter’s new $1.75 bn IPO value: Hype or spot on?

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

Twitter is increasing the price for its upcoming initial public offering by as much as a third. The social network is now looking to raise between $23 and $25 a share, according to a filing on Monday with the Securities and Exchange Commission.

Oct 25, 2013
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Twitter avoids Facebook IPO overreach – thus far

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

Twitter seems to be avoiding Facebook’s overreach – so far. The microblogging site’s provisional pricing for its initial public offering is $17 to $20 a share. Calculations by Breakingviews suggest that’s modest by the metrics available, though without profit these require a leap of faith. At least Twitter seems to be avoiding the premature heights of Facebook’s flawed debut last year.

Sep 18, 2013
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Twitter prospectus edits will be worth following

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By Richard Beales and Robert Cyran
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

New U.S. rules mean Twitter’s initial public offering paperwork, already filed with regulators, isn’t yet open to scrutiny.

Sep 9, 2013
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Carl Icahn won’t have the last tweet on Dell

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

Carl Icahn won’t get the last tweet on Dell. The uppity billionaire has conceded defeat in his effort to block Michael Dell’s $24 billion buyout of the eponymous PC maker. Icahn’s logic never computed. His recent Apple punt is a stronger advertisement for his self-promotional parting shot to Dell shareholders.

    • 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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