 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Like us on Facebook
| ||||
| ||||
| ||||
  High School Tells Student He Can't Fly The American FlagHere we go again. A couple of high school students in Carrollton, Ga., recently responded to what they felt was unfair treatment of a friend by school administrators. LaChristopher Herbert and Nate Maples reportedly learned that a fellow student was reprimanded for displaying an American flag... Read More  Gay Divorce On The RiseIs anyone really shocked? Even the main stream media can't ignore this story. June’s Supreme Court ruling on same-sex marriage is sending some couples back to court for a very different reason: same-sex divorce... Read More  Game Changer? Trump Consulting With Jeff Sessions On ImmigrationIn what may be the most important development in the 2016 Presidential race to date, Donald Trump has announced, and Sen. Jeff Sessions' office has confirmed, that the GOP front-runner is consulting with the Alabama Senator in crafting his immigration plan for the future of America... Read More  Media Wars: GOP Consultant Calls Breitbart 'Pravda' For TrumpSparks flew between Breitbart News Editor-in-Chief Alex Marlow and Republican consultant Rick Wilson on CNN Friday evening during a discussion of Republican presidential contenders Donald Trump and Jeb Bush, with Wilson comparing Breitbart's coverage of Trump to the Soviet propaganda outlet Pravda... Read More |
The Western Center for Journalism is a 501©3 educational organization. Contributions are tax-deductible as allowed by IRS regulations. Personal and corporate contributions are allowed.
|
 |
|---|
Aug. 17, 2015
|
NEWSIf Planned Parenthood Loses Government Funding, Here's a Map of Health Clinics That Could Take Its Place Two leading pro-life organizations released a map today intended to showcase the thousands of community health care clinics that could step in for Planned Parenthood if it were to lose federal funding. Read More |
COMMENTARYThe Iran Deal Leads to War. There Is a Better Way. Watch this new Heritage Foundation video to find out how America should move forward.Watch the Video |
COMMENTARYThe Abandonment of Jefferson and Jackson Reveals the Left's Intellectual Confusion The Democratic Party plans to delete its association with Thomas Jefferson and Andrew Jackson, its founding fathers.Read More |
NEWSLocal Voters Throw Water on Higher Taxes Sought by Firefighters Union, State Lawmakers In a battle of political wills in Rhode Island, local voters so far have held their ground against efforts by union leaders and state officials to make them pay more for fire and rescue services.Read More |
NEWSFund Aims to Help Christian Baker Offset Wedding Cake Losses Family and friends of a Christian cake designer hope to help him with a fundraising campaign after a Colorado court ruled Thursday that he must create cakes for same-sex weddings despite his religious beliefs.Read More |
COMMENTARYCan You Oppose Gay Marriage and Be a Good Judge? The Chilling Opinion of an Ohio Court's Board Are people who publicly affirm that marriage is the union of one man and one woman unfit to be judges?Read More |
The Daily Signal is the multimedia news organization of The Heritage Foundation.
 Find us on Facebook Follow us on Twitter
The Daily Signal
214 Massachusetts Avenue, NE Washington, DC 20002 (800) 546-2843 Donate to The Daily Signal |
Add morningbell@heritage.org to your address book to ensure that you receive emails from us.
You are subscribed to this newsletter as tokic.stjepan719@gmail.com. If you want to receive other Heritage Foundation newsletters, or opt out of this newsletter,please click here to update your subscription.
|
Answer: So it's a pretty weird feeling right now because I don't actually know...
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Read More in Your Feed |
 | |||
|
MONDAY, AUGUST 17, 2015TODAY'S TOP HEADLINES | |||
M & A Cargill to Acquire EWOS, Norwegian Fish Feed Supplier, for $1.5 BillionINVESTMENT BANKING Arab Bank Reaches Settlement in Suit Accusing It of Financing TerrorismPRIVATE EQUITY Largest Private Equity Takeover This Year Signals Appetite for DealsHEDGE FUNDS Nelson Peltz Buys 7.1% Stake in Sysco for $1.6 BillionOFFERINGS How Etsy Crafted a Tax Strategy in IrelandVENTURE CAPITAL Uber to Bolster Security TeamLEGAL/REGULATORY Japan Says Its Economy Contracted in Second Quarter | |||
| |||
| |||
BY AMIE TSANG
MERKEL PUSHES ON WITH GREEK BAILOUT Chancellor Angela Merkel said she expected the International Monetary Fund to take part in the new bailout for Greece in her first public comments on the plan, Alison Smale reports in The New York Times. Ms. Merkel sought to push backagainst opposition from within the German Parliament to the package, but did caution that one could not yet say with certainty that the bailout would work.
The bailout was approved by Greece's Parliament on Friday and included familiar details: In return for an infusion of 86 billion euros, or $95 billion, Greece has promised to increase taxes, cut spending and make its economy more efficient. But none of the new money flowing into Greece will come from the I.M.F., Landon Thomas Jr. writes in The New York Times. The I.M.F. says Greece was simply incapable of repaying its staggering debt. Its participation is critical to the Greek bailout, but the fund's director, Christine Lagarde, has raised doubts about whether its charter prohibits its involvement if there is no debt restructuring. On Sunday, Ms. Merkel said Ms. Lagarde had agreed to take the matter to her board and reiterated that a write-off of debt remained out of the question for Germany. The parliamentary deputies must vote on the package on Wednesday, and there is no doubt that the package will be passed, but speculation is rife over how much opposition Ms. Merkel will face. There is skepticism among the lawmakers in her own conservative bloc and opposition from more than 20 percent of her own lawmakers would be a blow to her. The word of Wolfgang Schäuble, her finance minister, carries weight among these skeptics, but he made clear in a Sunday newspaper interview that he felt the risk was worth taking. "After truly arduous negotiations, in Greece they now understand that the country cannot get around real and far-reaching reforms," Mr. Schäuble said.
HEDGE FUNDS SHED ALIBABA AND BAIDU SHARES Big money manages sold shares in two of the largest Chinese tech companieslisted in the United States when the Chinese stock market took a fall,Matthew Goldstein and Alexandra Stevenson report in DealBook.
Coatue Management, once a darling of a group of hedge funds seeded by the billionaire investor Julian Robertson, known as the "tiger cubs," sold 2.2 million shares of Baidu, roughly 74 percent of its stake in the quarter that ended on June 30. Tiger Global Management, also a "tiger cub," sold 6.6 million shares of Alibaba, almost its entire stake in the Chinese online shopping platform. Shares of both Alibaba and Baidu are down sharply since the beginning of the second quarter. Other tiger cub funds also sold their shares in Baidu and Alibaba. Viking Global Investors, led by O. Andreas Halvorsen, who once worked for Mr. Robertson, sold 1.1 million shares in Baidu and also 902,981 shares of Alibaba.The family office for George Soros, the billionaire investor, sold 4.38 million shares of Alibaba, at the same time his firm was buying 2.47 millions shares of Facebook. Not all Chinese companies were shunned this quarter. Some of the biggest shareholders in JD.com, Alibaba's rival in China, are hedge funds that added to their positions. Tiger Global added 49 million shares, bringing its stake to 6.4 percent, while Lone Pine Capital increased its stake to 3.8 percent. Coatue bought 3.3 million shares in JD.com, bringing its stake to 1.4 percent.
ACTIVIST INVESTOR AIMS FOR CANADIAN PIPELINES Sandell Asset Management has its sights set on TransCanada Corporation, one of Canada's biggest energy companies, Michael J. de la Merced reports in DealBook. Sandell sent a letter on Monday, urging the pipeline operator to take better advantage of an affiliate that pays no taxes. It also called for a spinoff of its power business.
TransCanada's master limited partnership affiliate holds a some of its assets, but Sandell argues that it is not taking full advantage of it. Other pipeline operators regularly deposit assets into their M.L.P.s, which let them pass on profits to investors without paying taxes. The hedge fund wants TransCanada to either put all of its oil and natural gas assets into the partnership or schedule "drop-downs" of assets. Sandell also pushed for a spinoff of the power unit. It believes that the volatile business muddies the valuation of the overall company and that TransCanada should focus on the fast-growing energy infrastructure business. Buoyed by support from traditional investors - a phenomenon once considered unthinkable - activist investors are taking on bigger targets, like Apple and eBay. TransCanada operates about 35,500 miles of natural gas pipelines and about 407 billion cubic feet of gas storage. Its power plants generate more than 11,800 megawatts of electricity. Sandell started discussions of its corporate strategy about three months ago, but TransCanada executives said they were content with the current layout of the business. The size of the hedge fund's stake is unclear. Sandell says it is a "significant shareholder" in the energy company, which has a market value of about $35 billion.
ON THE AGENDA The Federal Reserve Bank of New York releases the latest Empire State Manufacturing Survey at 8:30 a.m. TheNational Association of Home Builders releases the latest Housing Market Index data at 10 a.m.
MYLAN'S PERRIGO BID GETS COMPLICATED Mylan's bid for fellow drug maker, Perrigo, hit a hurdle on Friday morning when an influential advisory firm recommended that investors vote it down. But by the afternoon, it had gained the support of on of its biggest investors,Michael J. de la Merced reports in DealBook.
After managing to fend off an unwanted acquisition, Mylan set off its own $36 billion hostile takeover. Institutional Shareholder Services threw a wrench in its plans when it said in a report that the merger posed too many risks for too little reward. I.S.S. is influential among big institutional investors, but the hedge fund Paulson & Company emerged as a supporter of the bid. It has a roughly 4.3 percent stake in Mylan and is also influential among investors. Analysts have suggested that some Mylan shareholders would havepreferred to sell their holdings to Teva, which had tried a $40 billion takeover before withdrawing for another transaction. Even if Mylan wins over its own investors, there is no guarantee it will get support from Perrigo's. It needs the backing of at least 50 percent of its target's investors and one additional share. "Ultimately, we do not believe that Perrigo shareholders will tender into this transaction," said Joseph C. Papa, the chairman and chief executive of Perrigo, "and I.S.S.'s recommendation only further reinforces our view that Mylan's approach demonstrates an act of desperation as there is no rational path to a full acquisition of Perrigo."
Contact amie.tsang@nytimes.com
MERGERS & ACQUISITIONS »
Cargill to Acquire EWOS, Norwegian Fish Feed Supplier, for $1.5 Billion The deal would be the American agriculture giant's first entry into the salmon market as it continues to expand its aquaculture business.
Germany's Mann Hummel Said to Buy U.S. Peer The German car parts maker Mann Hummel is buying the American firm Affinia's auto filter unit for about $1.4 billion, Reuters reports, citing a person familiar with the transaction.
Shire Steps Up Pressure on Baxalta to Break Deadlock Shire wants Baxalta to open its books before it will consider making a higher offer as tries to break the deadlock over its $30 billion takeover proposal.
M.&A. Spurs Law Firm Borrowing British law firms are borrowing record sums to fund expansion, retain lawyers and invest in technology, spurred by an influx of work created by the boom in mergers and acquisitions.
INVESTMENT BANKING »
Arab Bank Reaches Settlement in Suit Accusing It of Financing Terrorism The deal, made with hundreds of American plaintiffs, comes after a jury in Brooklyn found the bank liable for dealings with the group Hamas; the court was to decide on damages starting Monday.
Breakingviews: Goldman Courts Risk With Expansion of Its Deposit Base The Wall Street firm is buying an online banking platform and $16 billion of deposits from GE Capital with hopes of attracting more customers. But there are two problems.
TD Bank Bets on U.S. Branches as Rivals Cut Back In the 12 months to the end of April, the Toronto-based lender opened more branches across the United States than it closed, defying an industry-wide trend.
Peer-to-Peer Lenders Widen Access for Investors Investors will be able to access peer-to-peer lending through their wealth management platforms for the first time after a tie-up between technology company FNZ and RateSetter, a P2P lender.
| |||
| |||
| |||
PRIVATE EQUITY »
Largest Private Equity Takeover This Year Signals Appetite for Deals Private equity firms are facing pressure to invest their cash: Companies were sitting on $1.32 trillion in dry powder as of June 30.
HEDGE FUNDS »
Nelson Peltz Buys 7.1% Stake in Sysco for $1.6 Billion The activist investor's hedge fund, Trian Fund Management, acquired a stake in a company that supplies food to school canteens, hotels and restaurants.
A New Wave of Activist Funds Seeks Changes in Japanese FirmsMisaki Capital and Symphony Financial Partners join at least a half-dozen investors trying to benefit from the government's push to make the nation's companies more attractive.
Hedge Funds Pressure Starwood Hotels & Resorts Hedge funds have increased their interest in Starwood Hotels & Resorts Worldwide, raising pressure on the owner of the Sheraton and W Hotels chains to split or sell itself.
I.P.O./OFFERINGS »
How Etsy Crafted a Tax Strategy in Ireland As it geared up for its initial public offering, the company relocated some of its intellectual property to Dublin to reduce taxes, The Wall Street Journal reports, citing a person familiar with the situation.
VENTURE CAPITAL »
Uber to Bolster Security Team The ride-hailing service will significantly expand its security team as it seeks to soothe worries about data privacy, defend against hackers and even protect its offices and employees from physical attack.
LEGAL/REGULATORY »
Japan Says Its Economy Contracted in Second Quarter The size of the contraction was roughly in line with the expectations of private-sector economists, but the slowdown is nonetheless a setback for the government of Prime Minister Shinzo Abe.
British Trader Charged in 'Flash Crash' Released After Bail Reduction A judge in London reduced bail for Navinder Singh Sarao, who has been in custody since April and is fighting extradition to the United States.
British Peer-to-Peer Lenders Focus on Asia Asia is seen as the next growth area for providers of alternative finance in Britain, despite concerns over the number of companies going bust and a lack of regulation.
Doubt Starts Chipping Away at the Market's Mind-SetIn this aging bull market, investors are showing signs of a sea change in their attitudes, writes Gretchen Morgenson in the Fair Game column.
The Index Factor With some critics contending that they help to inflate investment bubbles, the role that indexers play is facing closer scrutiny from regulators.
Investors Should Beware When Good Managers Make Great Traders New research suggests heightened risks at firms where insiders make great returns on trading their own company's stock.
|
 | ||||||||||||||||
| ||||||||||||||||
© 2015 Vice Media LLC | About | Privacy Policy | Terms Of Use | Contact
49 South 2nd Street Brooklyn, NY 11249 | ||||||||||||||||
 | August 17, 2015 | ||||||||||||||||
U.S. Army parachutist Corey Hood, 32, died Sunday after colliding with another jumper and hitting a building Saturday at the Chicago Air & Water Show. Hood served five tours of duty in Iraq and Afghanistan.
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sign up for free newsletters and alerts >> Chicago Tribune | Breaking news | Weather | Member Center | Manage subscriptions You're currently subscribed as address tokic.stjepan719@gmail.com. Click to unsubscribe. Copyright 2014 Chicago Tribune Company, LLC |
Nema komentara:
Objavi komentar