Top Commentary
Target’s smaller grocery aisle will take a toll
Target boss Brian Cornell may want to stock up on food. The $80 billion U.S. retailer disclosed that profit plummeted in the second quarter as it slashed prices to offload a glut of merchandise. Rival Walmart faces a similar challenge, but it has a more robust grocery aisle that should provide an edge during inflationary times.
China applies thin bandage to real estate market
Beijing is trying to limit collateral damage to some of its better-behaved private property developers. As home prices slide, the government plans to guarantee new domestic fixed-income issues by half a dozen homebuilders, including Longfor and Country Garden , Reuters reported citing sources. It will also lobby state-owned investors to purchase the bonds. Real estate shares are rallying in response.
August 16, 2022
Dan Loeb can help Disney get with the program
There’s a new character at Walt Disney that can help it generate more money. Dan Loeb, the decidedly unbashful hedge fund manager who runs Third Point, has taken a nearly $1 billion position in the entertainment empire, after liquidating its former stake earlier this year. His ideas for the company are far from goofy.
August 16, 2022
Considered view
Dan Loeb can help Disney get with the program
The pushy hedge fund manager is back with a fresh stake in the $222 bln entertainment empire. He wants to shake up the board and is prodding boss Bob Chapek to spin off ESPN. Cutting the cord with old cable networks would help accelerate the company’s transition into streaming.
Elon Musk’s Man Utd joke masks serious M&A logic
Feature
Electric perfection is enemy of hybrid-car good
Activists are attacking Toyota and others for sticking with designs that recharge using combustion. Yet pure electric models are only as green as their power grids and require heavy infrastructure investment. Puritanism is premature, and could prompt consumer backlash.
Elliott’s SoftBank exit could be premature
August 16, 2022
New Philips CEO can take inspiration from old one
August 16, 2022
Banks’ LBO debt hangover may leave lasting scars
August 16, 2022
Tencent raids its pantry ahead of lean tech times
August 16, 2022
Peloton gets tiny glimpse of its glory days
August 12, 2022
Financial edits befit New York Times
August 12, 2022
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