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Wednesday, January 18, 2017

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Pearson plans to sell its 47 percent stake in the publisher, which is home to John Grisham, “The Girl on the Train” and the “Game of Thrones” books.

Deutsche Bank to ‘Substantially Limit’ Bonuses for 2016

The bonus cut came after the bank agreed in December to pay $7.2 billion to resolve an investigation into the sale of toxic mortgage securities.

Enforcement Chief to Step Down at Financial Derivatives Regulator

Aitan Goelman will leave the Commodity Futures Trading Commission as a wave of prosecutors and enforcers depart in the Obama administration’s final days.

News Analysis

Davos Elite Fret About Inequality Over Vintage Wine and Canapés

Power brokers are in the Swiss Alps to discuss how to make globalization more lucrative, but there is no appetite for redistributing wealth or empowering workers.

Morning Agenda: Divestment, China’s Leadership, Market Uncertainty

As Donald J. Trump prepares for his inauguration, nominees to his administration are shedding assets to avoid potential conflicts of interest.

Run-Up Since Election Slows as Investors Consider Risks

Investors are concerned about a dollar that has gained too much in value, the potential for trade wars and whether Donald J. Trump can keep his promise to cut taxes.

Land Rush in Permian Basin, Where Oil Is Stacked Like a Layer Cake

Exxon Mobil is the latest company to acquire a major parcel in the fields of West Texas and New Mexico as shale drilling promises a new bounty.

Another View

Why Dodd-Frank Has Little to Fear From Constitutional Challenges

While financial regulatory agencies have lost some battles, the courts’ remedies will not change how they operate.

Trump Aide Scaramucci Sells Investment Business to Chinese Consortium

A consortium led by RON Transatlantic and HNA Capital of China is buying SkyBridge Capital.

Deal Professor

Sears Clings to Catalog Thinking in an Online World

Sears, as well as other longtime retailers, are struggling because of the Amazon juggernaut.

Breakingviews

Morgan Stanley Nearly Doubled Profit From Year Earlier Fourth Quarter

Bond and stock trading roared during the last quarter, but return on equity for the Wall Street bank remained subdued.

News Analysis

In Era of Trump, China’s President Champions Economic Globalization

Before the World Economic Forum in Davos, Xi Jinping spurned protectionism while implicitly rebuking Donald J. Trump, president-elect of the United States.

British American Tobacco to Take Over Reynolds American in $49 Billion Deal

The transaction would create the world’s largest publicly traded tobacco business, with brands that include Camel, Lucky Strike, Newport and Pall Mall.

Morning Agenda: Inequality at Davos, Trump and Russia, Women in Governance

As the World Economic Forum opens in Davos, organizers have sought to focus on inequality, even introducing a new index to focus on growth and development.

Insight & Analysis
White Collar Watch

U.S. Crackdown on Corporate Wrongdoers May Be Undone by National Borders

Defendants in several high-profile cases all reside in other countries, and their extradition for prosecution is questionable at best.

DealBook

What to Make of the ‘Davos Class’ in the Trump Era

The globalist elite gather in Switzerland to grapple with the world’s great challenges, but their relevance is in question in a time of Brexit and Trump.

Editors’ Picks

For Non-Tech Companies, if You Can’t Build It, Buy a Start-Up

With more than $125 billion in acquisitions last year, more non-tech companies than ever are forgoing building technology in-house and acquiring start-ups.

Deutsche Bank Flew and Fell. Some Paid a High Price.

With its rise as a trading powerhouse, Deutsche got mixed up in some of finance’s riskier, and most penalized, gambits.

Seller-Financed Deals Are Putting Poor People in Lead-Tainted Homes

The contracts relieve the true owner of the home of the responsibility for fixing it, and the result is more children with dangerous lead poisoning.

Bottom Line Nation | Part 5

In American Towns, Private Profits From Public Works

Desperate towns have turned to private equity firms to manage their waterworks. The deals bring much-needed upgrades, but can carry hefty price tags.

Special Sections
Special Section
DealBook: That Happened. Now What?

“If you were to look at our game board of all the possible outcomes of the election, this one wasn’t even on the sheet.”

Reuters Breakingviews

Predictions 2017

Breakingviews predicts a shake-up in 2017 for governments, companies and investors. A new book offers some provocative ideas, such as a union of Credit Suisse’s and Deutsche Bank’s investment banks and a merger of the S.E.C. and the C.F.T.C.

Markets »

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Columns

Another View

Opinion Contributors

Book Entry

Jonathan A. Knee

Breakingviews

Reuters Commentary

Deal Professor

Steven Davidoff Solomon

DealBook Column

Andrew Ross Sorkin

In Debt

Stephen J. Lubben

Street Scene

William D. Cohan

White Collar Watch

Peter J. Henning