Edition: U.S. / Global

Thursday, October 27, 2016

Business Day Business

Follow us
A Deutsche Bank branch in Berlin. The bank said on Thursday that it was making progress on its efforts to turn around the business after beginning a broad shake-up last year.
Sean Gallup/Getty Images

A Deutsche Bank branch in Berlin. The bank said on Thursday that it was making progress on its efforts to turn around the business after beginning a broad shake-up last year.

The bank, Germany’s largest, said concerns about its legal troubles in the United States had overshadowed positive developments in its turnaround.

Qualcomm to Acquire NXP Semiconductors for $38.5 Billion

The transaction would add scale to Qualcomm, which makes chips for smartphones, as consolidation continues in an industry facing eroding profit margins.


AT&T’s Bid for Time Warner Could Bolster Boutique Advisers

An increase in new deals would help reverse a decline in revenue for independent advisory companies.

European Union Trade Deal With Canada Moves Forward

The Belgian prime minister said on Thursday that the country’s leaders had reached a compromise, but the deal could still run into problems.

Broadband Providers Will Need Permission to Collect Private Data

The new rules require broadband providers to get permission to collect data on a subscriber’s web browsing, app use, location and financial information.

Despite Brexit, Nissan to Build New Car Model in Britain

Nissan acted after getting reassurances that the company would be protected from any negative economic impact from Britain’s decision to leave the European Union.

How Volkswagen Is Faring After the Emissions Deception

While the scandal still weighs on earnings, the automaker predicted that sales this year would match those last year.

Twitter to Cut Jobs as It Aims for a Turnaround

The social media company said it would lay off 9 percent of its work force, as it reported an increase in users and a narrowing of losses.

The Upshot

Will the Next President Face a Recession? Don’t Assume So

You can’t predict a recession based on the length of an expansion; it doesn’t work that way.

ZTO Express of China Has Largest U.S. I.P.O. This Year

The delivery company connects retailers with shoppers in a vast market. It raised $1.4 billion in the biggest Chinese I.P.O. in America since Alibaba’s.

Samsung’s Galaxy Note 7 Debacle Wipes Out Its Mobile Profit

The South Korean company pledges to work with regulators and other outsiders to study the fires that led it to cancel the high-end smartphone.

Used Cars Slip Past Recall Safeguards, Putting Drivers in Danger

Federal law does not mandate used-car sellers to tell buyers when a car has been recalled or to make necessary safety repairs, and the results can be deadly.

AT&T’s Vision of Ultrafast Wireless Technology May Be a Mirage

The rapid wireless technology the company has described as a pillar of its Time Warner deal probably is a decade away from meaningful deployment.

Tesla Motors Profit Surprises Investors Ahead of Merger Vote

Tesla’s chief, Elon Musk, who is SolarCity’s largest stockholder, is under pressure to prove that the electric carmaker can be a profitable foundation for a merger.

Banks Bet on the Next Big Thing: Financial Chatbots

These bots are generally powered by artificial intelligence software that allows them to pull in data and turn it into comprehensible answers.

Microsoft Unveils Its First Desktop PC

The Surface Studio represents Microsoft’s growing presence in the hardware side of the industry that it once left entirely to its partners.

Public Sacrifice

An Annuity for the Teacher — and the Broker

A look inside the high-pressure job of selling workplace annuities to public schoolteachers.

Individualized Ads on TV Could Be One Result of AT&T-Time Warner Merger

In a call with investors, the chiefs of the companies noted that the combined trove of their consumer data would be useful to marketers and consumers.


AT&T Could Find a Lesson in Comcast’s Media Merger

Comcast’s acquisition of NBCUniversal was prudent by today’s standards.

An EpiPen Rival Is About to Return to the Shelves

The Auvi-Q, which drew an ardent fan base, was taken off the market in 2015. It is unclear whether its comeback next year will help lower the price of the EpiPen.

Lloyds Profit Weighed Down in 3rd Quarter by Insurance Provision

The British bank wrote down an additional $1.2 billion to cover compensation for consumers improperly sold a contentious product.

DealBook 2016 Conference
Playing for the Long Term

Andrew Ross Sorkin hosts our fifth annual conference on Nov. 10 in New York. Apply now to attend.

Insight & Analysis
White Collar Watch

Fighting Insider Trading Charges, Son Seeks Immunity for Father

Sean Stewart claims that prosecutors improperly threatened his father to keep him from testifying that there was no violation of the law.

In Debt

Plan to Bail Out ‘Too Big to Fail’ Banks Raises Skepticism

There is something odd about adding yet another legal entity to the already complex corporate structure of banks.


Making Sense of AT&T’s Bid for Time Warner

The proposed $85 billion merger faces tough regulatory scrutiny, but the potential to challenge cable companies may make a compelling case.

In Depth

Graphic: Global Mergers Decline in Third Quarter

In a quarter that began when markets were just steadying from the Brexit vote and that ended when markets were rattled by Deutsche Bank, it may not be surprising that deal-making slowed significantly.

Timeline: Wall Street's Interest Rate Scandal

Abuse of interest rates and the failure to address the problem is one of the most expensive scandals to hit Wall Street since the financial crisis.

Graphic: Top 10 Hedge Fund Chiefs Took Home a Combined $10.07 Billion

JPMorgan paid its C.E.O. $27 million in 2015. In another Wall Street universe, the hedge fund manager Ken Griffin made $1.7 billion.

The Top 20 Venture Capital Investors Worldwide

To identify today’s top venture investors, CB Insights, a research firm that tracks the venture capital industry, created a data-driven list.

Editors’ Picks
Bottom Line Nation

This Is Your Life, Brought to You by Private Equity

Since the financial crisis, the private equity industry has become hugely influential. Here’s how it plays out in your daily life.

Beware the Fine Print

Pivotal Nursing Home Suit Raises a Simple Question: Who Signed the Contract?

A pending wrongful death lawsuit will test a new legal strategy to prevent nursing homes from requiring their residents to take disputes to arbitration.

Special Section
Special Section
Mutual Funds & E.T.F.s

A section on how funds performed in the third quarter of the year — and on where they may be heading.

Special Section
DealBook: Fintech’s Power Grab

A collection on financial disruptors looking to transform the nature of money.

Markets »

Subscribe to DealBook Emails and Alerts

Sign up for the DealBook Newsletter, delivered every morning and afternoon, and receive breaking news alerts throughout the day.



Another View

Opinion Contributors

Book Entry

Jonathan A. Knee


Reuters Commentary

Deal Professor

Steven Davidoff Solomon

DealBook Column

Andrew Ross Sorkin

In Debt

Stephen J. Lubben


Tony Schwartz

Standard Deduction

Victor Fleischer

Street Scene

William D. Cohan

The Trade

Jesse Eisinger

White Collar Watch

Peter J. Henning