@WSJ writer covering Wall Street and politics; Warren Buffett/Berkshire; whatever else they throw my way. Recovering M&A reporter.

J.P. Morgan Chase Names Berkshire Hathaway Investment Manager to Board

wsj.com — J.P. Morgan Chase & Co. on Tuesday said it named Berkshire Hathaway Inc. investment manager Todd Combs to its board, bringing into the fold an heir-apparent of billionaire investor Warren Buffett's enterprise. Mr. Combs, 45 years old, is a former hedge-fund manager who began working at Berkshire in 2011.

Teneo, Consulting Firm with Clinton Ties, Eyes $1 Billion IPO

wsj.com — A consulting firm with ties to Bill and Hillary Clinton is eyeing the possibility of an initial public offering, according to people familiar with the matter. Teneo Holdings, whose clients include chief executives of some of the world's biggest companies, has benefited from its founders' association with the Clintons.

Dow Chemical’s 1-in-1000 Stock Action Works in Warren Buffett’s Favor

blogs.wsj.com — Dow Chemical shares are showing clear signs of tinkering, according to an analysis by a Yale University professor. The shares come within cents of an important threshold-$53.72-pretty often. But they've closed above that level so rarely that there's less than a one-in-a-thousand chance that ​it's happening randomly, according to the analysis.

Dow’s rising stock imperils Warren Buffett’s $8-per-second cash cow

marketwatch.com — Warren Buffett's Berkshire Hathaway Inc. continues to reap rich dividends from a canny loan extended to Dow Chemical Co. seven years ago. But a recent rally in Dow's stock is putting that income stream at risk.

Dow’s Buffett Ceiling: Stock Refuses to Cross Berkshire’s $8-a-Second Threshold

wsj.com — The Dow Jones Industrial Average's recent rise has lifted many stocks in Berkshire Hathaway Inc.'s portfolio. But Berkshire chief executive Warren Buffett is probably less thrilled with the rally in another Dow. Shares of Dow Chemical Co. have spent much of the past month hovering above $53-perilously close to a level that would cause Berkshire to lose a $255 million-a-year income stream.

Canada’s Desmarais Clan: A New Generation Takes Control

wsj.com — Their grandfather built it. Their fathers expanded it. Now the fate of one of Canada's biggest corporate empires is in the hands of two 34-year-old cousins who are largely untested in the business world. The Desmarais family controls Power Corp. of Canada, whose interests include stakes in giant companies on three continents.

What links Donald Trump’s economy team

efinancialnews.com — The Republican presidential nominee last week announced his team of economic advisers, calling the 14 men a "formidable group of experienced and talented individuals." The group, including nine drawn from real estate and finance, will help shape Trump's policies on trade, jobs, regulation and taxes. Those nine are united by more than their wealth.

What Links Donald Trump’s Economy Team

wsj.com — A group of high-profile investors who got rich buying up distressed assets have found their latest turnaround project: Donald Trump's campaign. The Republican presidential nominee last week announced his team of economic advisers, calling the 14 men a "formidable group of experienced and talented individuals."

Catastrophe bonds upend insurance industry

efinancialnews.com — The oddball securities have exploded in popularity, driven by pension plans, sovereign wealth funds and wealthy families seeking better returns. Investment banks and insurers' own securities-brokerage operations churn out billions of dollars a year in catastrophe bonds. There are "cat bonds" that pay off if too many people die in a pandemic.

Catastrophe bonds shake up insurance industry

marketwatch.com — Catastrophe bonds were invented in the early 1990s to help insurance companies mitigate the risk of disasters such as hurricanes and earthquakes. Today, like the very storms they protect against, catastrophe bonds are upending the insurance business. The oddball securities have exploded in popularity, driven by pension plans, sovereign-wealth funds and wealthy families seeking better returns.
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Sep 28, 2016

Often find myself wishing I had my running shoes on so I could get a short run in getting to my gate for international flights. https://t.co/TcHtOUwDyy

Sep 28, 2016

RT @erikholmwsj: "I realize there are plenty of people who wouldn’t mind taking a poke at me," Martin Shkreli told me. https://t.co/v3dTYOXQ7D

Sep 28, 2016

Reunion in the offing: Sumner Redstone’s National Amusements to call on Viacom and CBS to explore merger  http://on.wsj.com/2d9MacP 

Sep 28, 2016

The $41m Wells Fargo CEO John Stumpf is forfeiting represents one-quarter of his total compensation over 35 years:  http://on.wsj.com/2d6nHVD 

Sep 27, 2016

RT @brianstelter: What's that? You want more #debate ratings data? Here you go -- fully updated story -- with fresh #'s https://t.co/cce3hPna3T

Sep 27, 2016

RT @WSJD: It’s time to cancel your forgotten internet accounts.  http://on.wsj.com/2dcHhhK  🔓

Sep 27, 2016

Wells Fargo Board Actively Considering Executive Clawbacks (for CEO Stumpf and former retail banking head)  http://on.wsj.com/2d6nHVD 

Sep 27, 2016

Lower fees, lackluster performance. Hedge funds take another punch to gut  http://on.wsj.com/2cPUdsg 

Sep 27, 2016

Bespoke athleisure. This is the end. If you need custom-made leisure wear, head to tailors on London’s Savile Row  http://on.wsj.com/2cQJ1vm 


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