Frontrunning: November 21

  • U.S. sues to stop AT&T buying Time Warner, says would hike rates (Reuters)
  • Merkel Tells Her Rivals: Back Me or Face Voters (BBG)
  • German Turmoil Threatens Europe (WSJ)
  • European Giants Are Making a Bad Month Worse for Stock Market (BBG)
  • Taylor Swift Is Building a Wall (VF)
  • Balance of Power: Putin Reaches for Prize with Syrian Victory (BBG)
  • Iran's president declares end of Islamic State (Reuters)
  • At the Riyadh Ritz, Detained Saudis Negotiate for Freedom (WSJ)
  • Iraq Is Giving OPEC a Big Headache (BBG)
  • Brexit-Hit Banks to Start Moving Staff in Early 2018 (BBG)
  • Judge in California blocks Trump's order on sanctuary cities (Reuters)
  • 21st Century Fox in $90 million settlement tied to sexual harassment scandal (Reuters)
  • Tencent's stellar share rally sees it surpass Facebook in market value (Reuters)
  • Asia's Richest Banker Spots a Once-in-a-Lifetime Opportunity (BBG)
  • New Venture Funds Thrive as More Investors Put Money in Tech (WSJ)
  • Counting the costs: U.S. hospitals feeling the pain of physician burnout (Reuters)
  • Tillerson accused of violating law on child soldiers (Reuters)
  • Fear of Tech Giants Fuels Deal Boom (WSJ)
  • Czech police ask parliament to allow prosecution of prospective PM Babis (Reuters)
  • Nestle Is Among Potential Suitors for Hain Celestial (BBG)
  • Nestle Unions Say More Than 1,000 French Jobs May Be at Risk (BBG)
  • Once inside Kim Jong Un's inner circle, top aide's star fades (Reuters)
  • Here’s a List the Nordics Would Rather Not Top  (BBG)

Overnight Media Digest


- Starboard Value LP has taken a 10.7 percent stake in Mellanox Technologies Ltd, urging the company to improve its margins and stock and explore a potential sale.

- Federal regulators this week are expected to unveil their plans for reversing Obama-era rules that require internet-service providers to treat all web traffic equally, a move that could fundamentally reshape the internet economy and consumers’ online experience.

- The Justice Department asked the Supreme Court to fully reinstate its travel restrictions on residents of six Muslim-majority countries, the latest move in a legal battle over entry to the United States that has raged since the Trump administration's first days.

- Nebraska officials approved the Keystone XL pipeline, removing its last major regulatory hurdle, though the future of the long-delayed project remains far from certain.

- The Justice Department sued to block AT&T Inc from taking over Time Warner Inc on Monday, a sweeping challenge to a deal it says would give one company too much control in a rapidly evolving media landscape.



Financier Amanda Staveley has made a formal offer of up to 300 mln pounds for Newcastle United, in a move that values the Premier League football club below the sum sought by Mike Ashley, its entrepreneur owner.

Uber Technologies Inc has entered an agreement to buy thousands of cars from Volvo AB to prepare a fleet of fully driverless on-demand vehicles, in a significant acceleration of the ride-hailing company’s ambitions in the area.

Goldman Sachs Group Inc chief executive confirmed the U.S. investment bank will have hubs in both Frankfurt and Paris after Brexit as it prepares to shift jobs out of the UK.



- Marvell Technology Group Ltd, which has its headquarters in Bermuda, is buying Cavium Inc based in San Jose, California. The resulting company will produce chips used in hard disk controllers, data processors and network channels. The companies expect to save as much as $175 million within 18 months of closing the deal.

- The New York Times said it was suspending Glenn Thrush, one of its most prominent reporters, after he was accused of inappropriate sexual behavior.

- The Justice Department sued to block AT&T Inc 's$85.4 billion bid for Time Warner Inc on Monday, setting up a showdown over the first blockbuster acquisition to be considered by the Trump administration and drawing limits on corporate power in the fast-evolving media landscape.

- The Mumbai-based Mahindra Group, said it would begin producing off-road recreational and work vehicles at the plant, in Auburn Hills, early next year. It indicated that this might be just a first step in its ambitions for the American market.




** Nebraska has approved an alternative route for TransCanada Corp's $8 billion Keystone XL pipeline, a ruling that removes a key hurdle in the decade long-quest to link Alberta's oil sands to U.S. refineries on the Gulf Coast.

** Three Glencore Plc executives have resigned from the board of its Toronto-listed subsidiary Katanga Mining Ltd after an internal review found "material weaknesses" in its financial reporting controls, amid a regulatory probe by the Ontario Securities Commission (OSC).

** The plan by General Motors Co to perform final assembly of full-sized pickup trucks in Oshawa, Ontario, will lead to production of about 60,000 vehicles at the assembly plant in that city, the auto maker has confirmed.


** The Public Interest Advocacy Centre, a consumer rights group, argues consumers could face prolonged bill shock if the Canadian Radio-television and Telecommunications Commission gives wireless carriers extra time to implement protections on how customers are billed for international roaming and data usage.

** Alberta-based Aurora Cannabis Inc announced its intention to launch a takeover bid for Saskatchewan-based CanniMed Therapeutics Inc, another medical marijuana producer.



The Times

Baroness McGregor-Smith, the Conservative peer, is to be the subject of a second investigation by City regulators over her final months running the troubled outsourcer Mitie Group Plc .

As losses at HBOS spiralled in early 2009, attending both its audit committee and then an audit committee for Lloyds Banking Group Plc was "one of the worst moments of my professional life", Jan du Plessis, one of the City's most experienced operators, has told the High Court.

The Guardian

London is losing the European Medicines Agency to Amsterdam and the European Banking Authority to Paris, in one of the first concrete signs of Brexit as the UK prepares to leave the European Union.

British Gas owner Centrica Plc is to scrap its widely criticised standard variable tariff (SVT) for new customers from April, and other energy companies are expected to follow suit.

The Telegraph

The energy industry's war of wars with the government has escalated markedly after British Gas claimed ministers knew about its plans to end standard variable tariffs but pushed ahead with controversial plans for an energy price cap regardless.

iSmash, the smartphone repair business backed by Carphone Warehouse co-founder David Ross, is ramping up expansion plans with a deal to launch three new concessions in Maplin.

Sky News

The controversial sportswear tycoon Mike Ashley is nearing the final whistle as the owner of Newcastle United Football Club after receiving a formal takeover offer from Amanda Staveley, the financier.

Theresa May is visiting the West Midlands to promote a 1.7 billion pounds ($2.25 billion) investment as part of the government's industrial strategy, as the countdown to the Budget begins.

The Independent

British workers may be willing to accept lower wages in the wake of the Brexit vote, according to Dave Ramsden -- the newest member of the Bank of England's Monetary Policy Committee.


Catullus Tue, 11/21/2017 - 08:06 Permalink

AT&T/TW: didn't pay off the right people. These merger lawsuits for the DOJ are just a shakedown. Attorneys talking around a 90 year economic model that was no economists use anymore

overmedicatedu… Tue, 11/21/2017 - 08:26 Permalink

Clinton's removing any chance a leak might happen..dead men tell no tales..sessions was sent a message..",A wealthy Democratic mega-donor who co-founded the Ready for Hillary PAC, which helped launch Hillary Clinton’s 2016 campaign for the White House, has died of a gunshot wound to the head after “a sudden onset and battle with a mental health issue,” his family says.Read more at…   Klaus Eberwein, a former Haitian government official who was expected to testify against alleged Clinton Foundation corruption and malpractice, was found dead in Miami via gunshot wound to the head. The death was ruled a suicide. Eberwein was 50 and reportedly told acquaintances he feared for his life for his fierce criticism of the Clinton Foundation. Eberwein was due to appear before the Haitian Senate Ethics and Anti-Corruption Commission where he was expected to testify that the Clinton Foundation misappropriated Haiti earthquake donations from international donors."

Arnold overmedicatedu… Tue, 11/21/2017 - 08:40 Permalink

Gareth Williams – Aug. 16, 2010

Gareth Williams, a transatlantic MI6 spy – whose dead body was found naked, padlocked and stuffed in a 32-inch by 19-inch duffel bag that was sitting in his London bathtub – had illegally hacked secret data on Bill Clinton, according to the U.K. Sun. The news site noted, “[H]is death is still one of Britain’s most mysterious unsolved cases.”

Scotland Yard had announced the death as a suicide, saying he locked himself in the bag.

In reply to by overmedicatedu…

TeethVillage88s Arnold Tue, 11/21/2017 - 09:45 Permalink

TAVARES, Fla. - A Central Florida man was arrested on suspicion of caging and drowning a raccoon because the animal killed some of his chickens and damaged his home.

James Miller, of Tavares, was arrested Friday on animal cruelty charges.
More News Headlines

According to the Lake County Sheriff's Office, a woman called authorities and said her neighbor took a caged raccoon onto his pontoon boat and dropped the cage into the water.…

In reply to by Arnold

junction Tue, 11/21/2017 - 08:48 Permalink

Gayle King was on CNN ten minutes ago to say how shocked she was at finding out Charlie Rose, a person she worked with for five years, behaved in such a reprehensile way.  Right, there is no gossip at CBS News.  If the staff at CBS News can't spot a degenerate like Charlie working next to them, it is no surprise these "ace" reporters are unable to report the truth about Hillary Clinton. The truth is, everyone knew what was going on and, like members of the Mafia, practiced omerta, the code of silence.