• Listen: T-Mobile US boss John Legere is a possible candidate to take over at WeWork. But the telecom is still trying to close a deal with SoftBank-backed Sprint. That could mean double trouble for the Japanese firm. Link
    ReutersBreakingviews Fri 15 Nov 2019 18:36

    <p>The Japanese&nbsp;firm is&nbsp;eyeing T-Mobile US CEO John Legere to take over leadership of WeWork. That is an additional twist in an already convoluted relationship. Legere is also trying to finalize a $26 bln deal with SoftBank’s Sprint,&nbsp;another&nbsp;asset in need of saving.</p><p>&nbsp;</p> For information regarding your data privacy, visit <a href="https://www.acast.com/privacy">acast.com/privacy</a>

  • Watch: Unrest in Hong Kong intensified this week. @jgfarb and @mak_robyn discuss renewed concerns about the financial hub’s economic future. Link
    ReutersBreakingviews Fri 15 Nov 2019 18:21
  • Dean Foods has filed for bankruptcy protection, mostly because Americans just don’t drink as much milk as they used to. The company also failed to see the writing on the non-dairy carton, writes @johnsfoley. Link https://t.co/cAEnJuT7bz
    ReutersBreakingviews Fri 15 Nov 2019 17:41

    The bankruptcy of Dean Foods, America’s biggest milk processor, stems from falling demand and retailers like Walmart aggressively pushing their own cheaper brands. Yet the company’s poor decisions helped curdle its finances, and may now leave hundreds of farmers in the lurch.

  • YouTube deserves its own show, and Alphabet’s siloed setup means it’s already part way there. Plus, a breakup would allow the companies to better field mounting regulatory probes, writes @GinaChon. Link https://t.co/Oh3krQQmia
    ReutersBreakingviews Fri 15 Nov 2019 17:01

    The video service is stifled under parent Alphabet, which is valued more like Twitter than faster-growing Netflix. Sharing a stable with search engine Google hurts both in dealing with separate regulatory probes. And Alphabet’s siloed setup means it’s part way to a split already.

  • Review: Nobel winners show limits of their method Link @edwardhadas
    ReutersBreakingviews Fri 15 Nov 2019 15:41

    Abhijit Banerjee and Esther Duflo like small details and big global comparisons. In “Good Economics for Hard Times”, this year’s laureates make mostly unsurprising proposals. Still, they’re right to pay more attention to actual behaviour, and to distrust too-free markets.

  • Labour wants to nationalise BT’s network and deliver fibre to all. A state boost to lagging infrastructure is welcome. But providing free web surfing would be very costly - and wipe out private rivals like Sky and Liberty Global, says @edwardcropley: Link https://t.co/3M2QVGeCSi
    ReutersBreakingviews Fri 15 Nov 2019 13:40

    The opposition wants to nationalise telecoms provider BT’s network and deliver fibre to all. A state boost to lagging communications infrastructure would be welcome. But providing free web surfing would be very costly – and wipe out private rivals like Sky and Liberty Global.

  • India’s top court squashed a decision that threatened the ArcelorMittal’s $6 bln bid for Essar through a new bankruptcy regime. It’s a timely boost for lenders and investors needed to re-energise the flagging economy, says @ugalani: Link https://t.co/2rWKj1T9IJ
    ReutersBreakingviews Fri 15 Nov 2019 13:35

    The country’s top court squashed a decision that threatened the steelmaker’s $6 bln bid for Essar through a new bankruptcy regime. The Mittal family’s homecoming can go ahead. It’s also a timely boost for lenders and investors needed to re-energise the flagging economy.

  • Capgemini’s $4 bln deal for Altran is being held up by Elliott and separate legal action. With CEO Paul Hermelin due to pass the torch to his successor next year, sweetening the offer would be a nice parting gift, writes @CGAThompson: Link https://t.co/ABp6SgzDFU
    ReutersBreakingviews Fri 15 Nov 2019 13:30

    The French IT group’s $4 bln deal for Altran is being held up by the activist fund and separate legal action. CEO Paul Hermelin is due to pass the torch to his successor next year. Sweetening the offer to ensure 50.1% of Altran shareholders tender would be a nice parting gift.

  • Soho House has raised capital valuing it at $2 bln. Unlike WeWork, it can flaunt years of history and rising profitability. Yet the heady price tag will only make sense if Soho House keeps expanding without sacrificing its exclusive appeal, says @Unmack1: Link https://t.co/Pfd18QSsIC
    ReutersBreakingviews Fri 15 Nov 2019 13:25

    The trendy members’ club has raised capital valuing it at $2 bln. Unlike the stricken office lessor, it can flaunt 25 years of history and rising profitability. Yet the heady price tag will only make sense if Soho House can keep expanding without sacrificing its exclusive appeal.

  • UK Labour’s broadband plan is free of most logic Link @edwardcropley
    ReutersBreakingviews Fri 15 Nov 2019 13:20

    The opposition wants to nationalise telecoms provider BT’s network and deliver fibre to all. A state boost to lagging communications infrastructure would be welcome. But providing free web surfing would be very costly – and wipe out private rivals like Sky and Liberty Global.

  • ArcelorMittal win will help India heal debt wounds Link @ugalani
    ReutersBreakingviews Fri 15 Nov 2019 11:10

    The country’s top court squashed a decision that threatened the steelmaker’s $6 bln bid for Essar through a new bankruptcy regime. The Mittal family’s homecoming can go ahead. It’s also a timely boost for lenders and investors needed to re-energise the flagging economy.

  • Capgemini’s clock is ticking in Elliott standoff Link @CGAThompson
    ReutersBreakingviews Fri 15 Nov 2019 11:10

    The French IT group’s $4 bln deal for Altran is being held up by the activist fund and separate legal action. CEO Paul Hermelin is due to pass the torch to his successor next year. Sweetening the offer to ensure 50.1% of Altran shareholders tender would be a nice parting gift.

  • Soho House crashes WeWork club for rosy valuations Link @Unmack1
    ReutersBreakingviews Fri 15 Nov 2019 09:40

    The trendy members’ club has raised capital valuing it at $2 bln. Unlike the stricken office lessor, it can flaunt 25 years of history and rising profitability. Yet the heady price tag will only make sense if Soho House can keep expanding without sacrificing its exclusive appeal.

  • RT @ClaraDFMarques: Andrew Mackenzie cleaned up BHP after boom-year excesses, now Mike Henry, a well-respected veteran, faces a similarly d…
    ReutersBreakingviews Fri 15 Nov 2019 06:50
  • RT @ugalani: "Yahoo Japan’s PayPay, a jv between SoftBank Corp and India’s Paytm, claims more than 12 million subscribers. Together, the tw…
    ReutersBreakingviews Fri 15 Nov 2019 06:50
  • Hong Kong, the world's least affordable housing market, is heading for a steep correction. But resilient local demand, a land shortage, fewer speculators and higher down payments might pad this downturn, explains @mak_robyn : Link https://t.co/1tciB6a3M3
    ReutersBreakingviews Fri 15 Nov 2019 04:10

    The world’s least affordable housing market is heading for a steep correction. The Asian currency crisis and SARS epidemic pushed prices down 69% from 1997 to 2003. But resilient local demand, a land shortage, fewer speculators and higher down payments might pad this downturn.

  • Hong Kong property crash may hurt less this time,says @mak_robyn: Link https://t.co/8BA5xNZIpM
    ReutersBreakingviews Fri 15 Nov 2019 03:40

    The world’s least affordable housing market is heading for a steep correction. The Asian currency crisis and SARS epidemic pushed prices down 69% from 1997 to 2003. But resilient local demand, a land shortage, fewer speculators and higher down payments might pad this downturn.

  • Fumes have choked the Indian capital of New Delhi over recent weeks. China used its authoritarian might to drive a clean-up of sorts. The South Asian democracy, however, faces a knottier problem, writes @ugalani: Link https://t.co/k5vab6DeRo
    ReutersBreakingviews Fri 15 Nov 2019 02:30

    With residents struggling to breathe, India’s capital has supplanted Beijing as the region’s smog hotspot. China’s state-mandated clean-up achieved some results. The South Asian democracy faces knottier problems, though, including skewed farmer incentives and a choking economy.

  • India’s capital has supplanted Beijing as the region’s smog hotspot. China’s state-mandated clean-up achieved some results. The South Asian democracy faces knottier problems, though, explains @ugalani: Link https://t.co/zbYKb06sKc
    ReutersBreakingviews Fri 15 Nov 2019 02:05

    With residents struggling to breathe, India’s capital has supplanted Beijing as the region’s smog hotspot. China’s state-mandated clean-up achieved some results. The South Asian democracy faces knottier problems, though, including skewed farmer incentives and a choking economy.

  • RT @Reuters: From @Breakingviews: Value fight would drive Peugeot into cul-de-sac Link by @LJucca
    ReutersBreakingviews Fri 15 Nov 2019 00:10

    MILAN (Reuters Breakingviews) - Investors in Peugeot have suffered an unexpected reverse. Shares in the French carmaker have dipped since Chief Executive Carlos Tavares unveiled plans for a merger with Fiat Chrysler Automobiles. Demanding better terms seems futile, however. Peugeot’s largest shareholders are expected to back the plan, and a vote against the project would undermine the French group’s top asset: Tavares himself.

    Though the two companies describe the proposed deal as a merger of equals, it’s really a takeover of Fiat by its French counterpart. The Italian-American company will pay out 5.5 billion euros and its Comau robotics unit to shareholders before consummating the union, while Peugeot will distribute a stake in parts maker Faurecia, worth 2.7 billion euros before the deal was announced. As both sides will then have an equal stake in the combined company,...

  • Products falling out of favor? Then diversify. Products really, really falling out of favor? Split up again. Gun maker American Outdoor Brands is following that pattern, and in doing so, poking a hole in a corporate fad, writes @johnsfoley. Link https://t.co/T5HraY3RRx
    ReutersBreakingviews Thu 14 Nov 2019 21:30

    The gunmaker’s parent is separating firearms from its camping gear unit. Just three years ago it argued diversification would be a plus. There’s a lesson for other industries: Sprawl is no protection, real or perceived, when banks and investors decide a business has turned toxic.

  • Thermo Fisher Scientific has diagnosed a rare opportunity to snatch up a big rival. The short-term risk is that Qiagen resists Thermo Fisher’s advances; the longer-term risk is that the returns from the deal fall short, writes @rob_cyran. Link https://t.co/Ka406XrBPn
    ReutersBreakingviews Thu 14 Nov 2019 21:20

    It’s circling Qiagen, a month after the diagnostics firm changed strategy and ditched its long-time leader. The would-be acquirer may spy an opportunity to snap up its rival while its defenses are weakened. The risk is that outweighs the pursuit of good returns.

  • Podcast: T-Mobile US CEO John Legere is one of the candidates SoftBank is eyeing to run WeWork. But the telecom is currently trying to merge with another SoftBank-backed company, Sprint. Columnists discuss the situation on Viewsroom. Link
    ReutersBreakingviews Thu 14 Nov 2019 21:05

    <p>The Japanese&nbsp;firm is&nbsp;eyeing T-Mobile US CEO John Legere to take over leadership of WeWork. That is an additional twist in an already convoluted relationship. Legere is also trying to finalize a $26 bln deal with SoftBank’s Sprint,&nbsp;another&nbsp;asset in need of saving.</p><p>&nbsp;</p> For information regarding your data privacy, visit <a href="https://www.acast.com/privacy">acast.com/privacy</a>

  • Watch: Carl Icahn, already an investor in Xerox, has now bought a stake in HP – which the much smaller Xerox last week offered to buy. With scope to merge the printing businesses somehow, the activist could win either way, says @richardbeales1. Link
    ReutersBreakingviews Thu 14 Nov 2019 19:45
  • RT @Lipper_Alpha: New from @Breakingviews: Value fight would drive #Peugeot into cul-de-sac Link https://t.co/Z0UeydvVCe
    ReutersBreakingviews Thu 14 Nov 2019 19:30
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