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Saturday, 23 May 2015


Hugh "Skip" McGee III dons a rain jacket during the second round of the Pebble Beach National Pro-Am golf tournament at the Monterey Peninsula Country Club in Pebble Beach, California, February 7, 2014.

M&A dealmakers fight different battle of bulge

22 May 2015

With his energy-focused startup, ex-Barclays bigwig Skip McGee can exploit a trend of smaller advisers winning business from banking supermarkets. There’s new competition by size in the indie world, too, though. Bigger players like Lazard and Rothschild are reclaiming dominance.

Martin Langfield, Breakingviews, Production Editor

Review: Modernizing Mexico, one feud at a time

22 May 2015

Two Mexicos coexist, one an insular land of hard-to-kill monopolies in politics and business, the other more outward-looking, embracing modernity and even the United States. In “Amarres perros” pundit-politician Jorge Castañeda recalls a life of trying to change the balance.

The Hewlett-Packard (HP) logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015.

HP improves on logic of its split

21 May 2015

CEO Meg Whitman originally thought separating the company’s PC arm would incur $1 bln a year in extra costs. The figure is now down to about $425 mln. That should help the split narrow the $61 bln HP’s stubborn conglomerate discount, even if it won’t create a glowing new future.

A road sign warning drivers of elderly people crossing the road is seen in Hale, northern England February 19, 2015.

Spendthrift U.S. retirees set up somber stagnation

21 May 2015

Dour days lie ahead for Americans, thanks in large part to Baby Boomers. The biggest generation, just beginning to leave the workforce, has saved even less than past groups and isn’t likely to reap more government benefits. Their relative penury will slow down GDP growth.

HP's China deal extracts harmony from awkwardness

22 May 2015

Selling 51 pct of its Chinese networking unit for $2.3 bln to a state-owned company looks like a partial retreat from an unfriendly market. But the U.S. tech giant now has a powerful ally with deep ties to Beijing. Rivals from Cisco to Microsoft should consider similar matches.

A customer holds a bag full of food inside of a Shake Shack store in New York January 30, 2015.

Shake Shack unveils a cluckin' $250 mln sandwich

21 May 2015

The value of Danny Meyer’s upscale burger chain shot up 8.5 pct, seemingly on news that it may start outlets serving up chicken-based fare. Investors seeking signs of exuberance in wearables might do better looking at edibles. Shake Shack is now worth 550 times earnings.

Sale would add to gnarly family tree

21 May 2015

The genealogy website went public in 2009, only to sell itself to a Permira-led private equity consortium three years later. Now it’s on the block again, according to Reuters. The company has been struggling to turn nostalgia into profit. A new owner may not fare any better.