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Dec 16, 2012

Children in Connecticut rampage, all 6 and 7, shot repeatedly

NEWTOWN, Connecticut (Reuters) – Twelve girls and eight boys. One had celebrated her seventh birthday just four days before her death. They were Charlotte and Jack, Noah and Grace.

Dressed in “cute kid stuff,” all 20 died when a heavily armed 20-year-old gunman forced his way into their school, Sandy Hook Elementary, and shot them and six women in an act of violence that has shattered their once-tranquil suburban town.

Dec 16, 2012

Connecticut massacre shatters way of life in quiet town

NEWTOWN, Connecticut (Reuters) – Residents of Newtown, Connecticut grudgingly began to accept on Saturday that a town many cherished for its serenity and anonymity is now synonymous with a school massacre that will remain in the national spotlight for the foreseeable future.

Locals, many of whom settled in the upscale New England community about 80 miles from New York City to escape the hustle and noise, some feeling safe enough to leave their doors unlocked, feared that Friday’s shootings at Sandy Hook Elementary School claimed the lives of not only 20 children and six adults, but Newtown’s way of life as well.

Dec 15, 2012

Search for answers begins after U.S. school massacre

, Dec 15 (Reuters) – People in the small
Connecticut community of Newtown grieved on Saturday over one of
the worst mass shootings in U.S. history and police sought
answers about what drove a 20-year-old gunman to slaughter 20
children at an elementary school.

The attacker, identified by law enforcement sources as Adam
Lanza, opened fire on Friday morning at Sandy Hook Elementary
School, which teaches children aged 5 to 10. He is suspected of
killing 26 people at the school before turning the gun on
himself, as well as killing one other person at another nearby

Dec 12, 2012

Too big to fail looks on its way to being licked

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

By Rob Cox

LONDON, Dec 12 (Reuters Breakingviews) – Has the too big to
fail problem been licked? The Bank of England and Federal
Deposit Insurance Corp sound pretty confident, declaring this
week they’re nearly in a position to resolve a systemic failure
without inflicting losses on taxpayers. It’s hard to know
without a test case. But the signal from capital markets
suggests watchdogs may be on to something.

Dec 7, 2012

Uncertain SEC leadership heralds 2013 dysfunction

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

By Rob Cox and Daniel Indiviglio

WASHINGTON, Dec 7 (Reuters Breakingviews) – Gridlock isn’t
just a problem in the U.S. Congress. It may also freeze up the
Securities and Exchange Commission. By elevating one of five
commissioners to replace departing Chairman Mary Schapiro,
without naming a replacement, President Barack Obama has put the
Wall Street watchdog in a bind. Political expediency may present
substantial risks for investor protection.

Dec 6, 2012
via Breakingviews

HP breakup is on tech world’s 2013 agenda


By Rob Cox and Robert Cyran

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

David Packard and William Hewlett may be Silicon Valley’s answer to Romulus and Remus in Rome’s founding story, but the era of their brainchild, Hewlett-Packard, as an everything-to-everyone conglomerate is coming to an end. Chief Executive Meg Whitman and HP’s board, not to mention investors, won’t stick around for an arduous and risky five-year turnaround project. Breaking the company into good bits and selling bad ones must be on the agenda for 2013.

Nov 26, 2012
via Breakingviews

Obituary: Ewing was archetype of Reagan-era excess


By Rob Cox and Christopher Swann
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

(Parts of the following obituary were first erroneously published on March 21, 1980).

Nov 20, 2012
via Breakingviews

HP’s Autonomess should devour Marc Andreessen, too


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

The blame game is in full swing at Hewlett-Packard over the wayward technology conglomerate’s $8.8 billion write-down of Autonomy. The company pins the fiasco on the British software company for inflating its books. Chief Executive Meg Whitman also faults herself, her predecessor and a departed chief of strategy. Fingers are being pointed at Autonomy’s auditors while investment bankers on both sides of the 2011 deal are no doubt furiously huddling with legal counsel. Yet there’s at least one more name to add to the recrimination list: HP director Marc Andreessen.

Nov 12, 2012
via Breakingviews

Inequality hits home for Wall Street middle class


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

Income inequality isn’t just a rallying cry for the poor. It’s even hitting home in one of the traditional breeding grounds of the very rich: Wall Street. Tens of thousands of aspiring bankers and traders who flocked to securities firms like Goldman Sachs and Morgan Stanley over the past decade are coming to realize that the big bonanzas they toiled toward may never come their way. Compensation is down – and will stay there – at the same time as their bosses aren’t going anywhere. Share a tear – if only just one – for the middle class of investment banking.

Nov 9, 2012

Not all internet investors are irrational fools

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

By Rob Cox

NEW YORK, Nov 9 (Reuters Breakingviews) – Conventional
wisdom has long held that investors in online businesses behave
differently from the rest of the shareholding masses. They’re
more willing to look beyond traditional metrics, like
price-to-earnings ratios, for instance, or are more open to
betting on a founder’s “vision,” however grandiose. It’s
becoming increasingly evident, however, that investing in the
Internet no longer grants a free pass to behave stupidly. The
market reaction to Priceline’s (PCLN.O: Quote, Profile, Research) $1.8 bln deal to buy
rival travel website Kayak Software (KYAK.O: Quote, Profile, Research) is a case in point.

    • About Rob

      "Rob Cox helped establish Breakingviews in 2000 in London. From 2004 he spearheaded the firm's expansion in the United States and edited its American edition, including the daily Breakingviews columns in the New York Times and Wall Street Journal. Rob has worked as a financial journalist in London, Milan, New York, Washington, Chicago and Tokyo. Rob graduated from Columbia University’s Journalism School and the University of Vermont. Follow Rob on Twitter @rob1cox"
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