NEW YORK (Reuters Breakingviews) - Hiroto Saikawa is stepping down amid controversy over his pay. It has implications for the company’s rocky Renault alliance, and by extension for the French carmaker’s recent attempt to merge with Fiat Chrysler. Plus, is activist Elliott Management going soft on AT&T?
NEW YORK/SAN FRANCISCO (Reuters Breakingviews) - Apple is known for the cleanness of its smartphone designs, yet its TV plans have until now been full of static. On Tuesday, the $970 billion company made things a tad clearer, by announcing that its new Apple TV+ package will be cheaper than rivals. That doesn’t guarantee it will be a smash hit, but it’s enough to get a bunch of people trying it out, which will help Chief Executive Tim Cook with a longer-term goal.
NEW YORK (Reuters Breakingviews) - Donald Trump’s approach to dealing with China on trade has set a new high for erraticism. The U.S. president said on Monday that talks are back on with Beijing, just days after escalating tariffs. But his whipsawing makes it hard for counterparties to engage, as the G7 summit meeting in France demonstrated.
NEW YORK (Reuters Breakingviews) - A U.S. downturn is near, judging by past early warning signals from yield curves to bank valuations. But fallout from the 2008 crisis has sapped them of some predictive power. Plus: what the exit of Cathay Pacific’s CEO says about Beijing’s response to the Hong Kong protests.
NEW YORK (Reuters Breakingviews) - The shared-office provider’s long-awaited IPO filing is packed with pointless life-affirming tropes. But it also details a host of conflicts of interest and other risks that should send investors running. Plus: India’s powerhouse Reliance is building a war chest for dominance.
NEW YORK (Reuters Breakingviews) - CBS and Viacom, both controlled by the Redstone family, have agreed to a $30 billion reunion. Rogue chief executives, supine boards and dumb disputes gummed up the process. Hefty cost savings won’t make up for the billions in lost value after three years of limbo.
NEW YORK (Reuters Breakingviews) - The White House’s decision to brand Beijing a currency manipulator is the latest move in a conflict riven by miscommunication, unrealistic expectations and no obvious way out. Plus: Why the LSE is paying $27 bln for Refinitiv, and which of the data firm’s owners comes out on top.
NEW YORK (Reuters Breakingviews) - The meatless-burger maker is the best-performing IPO of the year by far. Now insiders are selling stock early as the company deals with rising competition, regulations and even a potential pea shortage. Plus: Using wine goggles to look at Western firms’ joint ventures in China.
NEW YORK (Reuters Breakingviews) - Two of America’s fabled technology giants have traded places, with Tim Cook’s Apple playing tortoise to the hare that is Satya Nadella’s Microsoft. This new drama could be on for an extended run.
NEW YORK (Reuters Breakingviews) - Boris Johnson helped persuade Britons to vote to leave the EU. London’s former mayor now leads the country – and may find his pledge to quit the European bloc hard to keep. Meanwhile, U.S. watchdogs are circling Amazon, Alphabet, Apple and Facebook. Plus: Protests rock Hong Kong.