I note from this Financial Times story that Germany may require the Fiat-Opel-Chrysler auto group that Sergio Marchionne is attempting to assemble to be headquartered there.
This is one of the 14 criteria mooted by Frank-Walter Steinmeier, vice-chancellor and foreign minister, for any bidder for Opel – currently the European arm of General Motors – to obtain financial support from the German government. Read more
Goldman Sachs makes much of its ability to navigate deftly and legally all the conflicts of interest inherent in being a full-service investment bank – and one that is supported by $10bn of US government capital – but it has a struggle to convince others.
The latest evidence of that is a long piece in the Wall Street Journal this morning about Stephen Friedman, the former Goldman senior partner who chairs the New York Federal Reserve’s board of directors. Read more
There are no prizes for guessing what Amazon plans to announce this week at a press conference to which I received an invitation by email this morning. It seems highly likely to be a larger-sized Kindle designed for reading newspapers and magazines.
As the New York Times reports this morning: Read more