Two oil majors are fighting over who’ll take over shale producer Anadarko. Occidental Petroleum’s $38 bln hostile bid is more generous, but Chevron’s lower-priced offer comes with less risk. John Foley talks through what might happen next.
Twitter’s stock is soaring after unexpectedly good earnings. But as Rob Cyran tells Antony Currie, CEO Jack Dorsey has done a better job running his other company, Square. There’s also more opportunity to grow the payments firm. It deserves more of his…
D.E. Shaw is raising fees on its flagship fund to 3 percent of assets and 30 percent of gains. It bucks the downward trend even in hedge fund land, and – as Tom Buerkle explains – it shows how the few firms that have the most are getting more.
Zoom and Pinterest both priced their initial public offerings above their indicated range. It’s a sign of confidence, of frothy markets, and of insiders not having to care too much about what new investors think. Robert Cyran explains.
Morgan Stanley capped a weak earnings season for investment banks. James Gorman’s shop suffered a bigger slump in core advising and underwriting than peers, but John Foley says a humming wealth-management arm helped it deliver a better return on equity…
Morgan Stanley capped a weak earnings season for investment banks. James Gorman’s shop suffered a bigger slump in core advising and underwriting than peers, but John Foley says a humming wealth-management arm helped it deliver a better return on equity…
The “risk factors” sections in IPO filings are getting positively voluminous. Uber’s tops 35,000 words, and continues a trend that has been going for years. That mostly makes for better-prepared investors, but it also means more homework, explains Rob …
The investment bank’s revenue and profit dropped in the first quarter, but John Foley spots some good news too: Stable activities like lending make up more of Goldman’s business, and customer deposits are reducing funding costs. Both should eventually …
Pushy investor Dan Loeb is back for a second time to put pressure on the $60 bln Japanese entertainment-to-electronics conglomerate. Robyn Mak and Jeffrey Goldfarb discuss how it’s an opportunity for the PlayStation maker to split the company and creat…
Ride-hailing service Uber Technologies is finally set to reveal its public stock offering documentation. That could include a valuation of up to $100 billion. As Robert Cyran explains, investors in Uber and already-listed Lyft need to take leaps of fai…