Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
HONG KONG (Reuters Breakingviews) - The global investment community may not be gagging for yet another acronym, but four Chinese tech mega-startups are serving up a ready-made one: MAXD. It even spells out a cautionary message.
HONG KONG (Reuters Breakingviews) - Steve Wynn has left the building even if his name is still on it. In just two months since the 76-year-old casino mogul denied sexual-misconduct allegations, he has stepped down from leadership roles at Wynn Resorts and now is selling his entire stake in the eponymous $18 billion U.S. company. Meanwhile, new boss Matt Maddox is making the best of the bad hand dealt to him.
HONG KONG (Reuters Breakingviews) - For a business built on growing friendships, Facebook is making an astonishing number of enemies. Revelations by two newspapers that some 50 million of its user profiles were inappropriately harvested add to a growing list of outcries over the social network's practices. It has come to the point where founder Mark Zuckerberg will have to prove somehow he is not in way over his head.
HONG KONG (Reuters Breakingviews) - Beware any chief executive without a Plan B. Westfield boss Peter Lowy is the latest to lack one, declaring on Thursday that despite a big drop in the value of a takeover bid from Unibail-Rodamco, there is no alternative to the sale he and his mall operator agreed in December, originally worth $25 billion including debt. The French buyer also says it has no intention of changing the deal terms. Investors could be forgiven for having other ideas.
HONG KONG (Reuters Breakingviews) - Organizing the Olympics is generally a losing economic proposition. In one financial competition, though, South Korea can aim for bronze.
HONG KONG (Reuters Breakingviews) - San Miguel has an alcohol problem. The Philippine conglomerate run by billionaire Ramon Ang is consolidating its beer and liquor businesses with its Manila-listed producer of meat, poultry and feed. A complex share swap suggests the enlarged San Miguel Pure Foods would be worth some $9.1 billion. It trades at a discount, however.
HONG KONG (Reuters Breakingviews) - Hong Kong’s plan to welcome super-voting stock weakens corporate governance, but its appeal to Chinese tech companies also may be exaggerated. Officials from Credit Suisse, BlackRock, PCCW Media and Bain Capital debated the upcoming changes at a recent Breakingviews event.
HONG KONG (Reuters Breakingviews) - To sustain its march on the United States, Ant Financial may have to take some China-like steps. Jack Ma's digital-payments business must rethink its global strategy after U.S. authorities torpedoed a plan to buy MoneyGram International. Even a newly touted alliance between the two companies is at risk.
HONG KONG (Reuters Breakingviews) - Alibaba's deal suggests grocery stores are queuing up to check out. The e-commerce goliath agreed to buy 36 percent of Chinese supermarket operator Sun Art Retail for $2.9 billion. To land the stake at a massive discount implies brick-and-mortar store owners see the writing on the wall.
HONG KONG (Reuters Breakingviews) - Tencent and Snap have sent a short but effective message to Facebook. The owner of China's killer app WeChat now owns 12 percent of its struggling U.S. peer, whose Snapchat service is best known for the ability to make photos vanish. Even though the shares are non-voting, the two companies have excellent reasons to connect.