more on the big deal in beer

Link: http://abcnews.go.com/International/wireStory/ab-inbev-sabmiller-principle-set-beer-merger-34434861

——————–

Same story – pick your favorite outlet.

I sat next to (Ross) Strategy Professor, Michael Jensen at lunch today. I
learned everything I know about beer by sitting near him in meetings.
Distilling it to the essentials: If the beer is from Denmark, it is good
beer. If the beer is not from Denmark, its quality is inversely
proportional to the square of its distance from Denmark.

abc News:

http://abcnews.go.com/International/wireStory/ab-inbev-sabmiller-principle-set-beer-merger-34434861

San Fransisco Chronicle:

http://www.sfchronicle.com/news/world/article/AB-InBev-SABMiller-OK-in-principle-to-set-up-6567632.php

Yahoo Finance:

http://finance.yahoo.com/news/worlds-biggest-beer-makers-agree-112128059.html

Huff Po:

http://www.huffingtonpost.com/huff-wires/20151013/eu–beer-merger/?utm_hp_ref=world&ir=world

_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan

for those of you (MBAs or BBAs) interested in investment banking / doing interviews with banks

Link: http://www.cnbc.com/2015/10/13/reuters-america-beer-merger-advisers-land-mega-deal-by-telling-clients-when-to-say-no.html

——————–

http://www.cnbc.com/2015/10/13/reuters-america-beer-merger-advisers-land-mega-deal-by-telling-clients-when-to-say-no.html

http://www.reuters.com/article/2015/10/13/us-sabmiller-m-a-ab-inbev-idUSKCN0S72HO20151013
_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan

Johnson & Johnson

Link: <a href="http://, beat analysts’ muted”>, beat analysts’ muted

——————–

>From an AP story on the Johnson & Johnson third-quarter results:

J&J, based in New Brunswick, New Jersey
, beat analysts’ muted
profit expectations for the quarter, but Wall Street
was
unimpressed. J&J shares slipped 33 cents to $95.66 in midday trading
Tuesday.

“International growth — the hoped-for growth driver — was anemic even after
adjusting for currency swings, and the domestic market is dead in the
water,” wrote analyst Erik Gordon, a professor at the University of
Michigan’s Ross School of Business.

The U.S. consumer health business, nearly recovered after a long and
embarrassing spate of recalls dating to 2009, was the lone bright spot,
with a 9 percent sales increase, but it accounts for just 7.5 percent of
sales.

“Domestic consumer sales of Tylenol and other brands that had suffered
being off shelves for so long after the manufacturing problems are
rebounding. The brand names still are strong,” Gordon noted.

San Fransisco Chronicle:

http://www.sfchronicle.com/business/article/Johnson-Johnson-beats-3Q-profit-forecasts-6567968.php

NBC News:

http://abcnews.go.com/Business/wireStory/johnson-johnson-beats-3q-profit-forecasts-34438888

abc News:

http://abcnews.go.com/Business/wireStory/johnson-johnson-beats-3q-profit-forecasts-34438888

_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan

In a story in The Wall Street Journal

Link: http://www.wsj.com/articles/oil-bull-andrew-hall-stands-his-ground-1444692175

——————–

About a famous oil trader and fund manager who is remaining bullish on oil,
with big bets that oil prices will rise to their prior levels:

“As a fund manager, you face two risks: The first is the possibility that
the future is not like the past,” said Erik Gordon, a professor at the
University of Michigan’s Ross School of Business. “The second risk is that
you can’t last long enough, because investors will ask for their money
back.”

http://www.wsj.com/articles/oil-bull-andrew-hall-stands-his-ground-1444692175
_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan

in Bloomberg BusinessWeek, on the VW mess

Link: http://www.bloomberg.com/news/articles/2015-10-07/vw-s-gains-from-cheating-to-be-considered-in-u-s-penalties

——————–

On the announcement by the US Environmental Protection Agency that it will
consider the economic benefit VW gained when it assesses penalties:

“Remedies should match the wrongdoing,” said Erik Gordon, a professor with
the Ross School of Business at the University of Michigan. When U.S.
regulators lacked statutory authority to impose higher fines on carmakers,
including General Motors Co. over flawed ignition switches, “the small
fines frustrated the public and Congress,” he said.

Bloomberg BusinessWeek:

http://www.bloomberg.com/news/articles/2015-10-07/vw-s-gains-from-cheating-to-be-considered-in-u-s-penalties

The Washington Post:

http://washpost.bloomberg.com/Story?docId=1376-NVUZTU6K50Y501-1JRSUVA8KPE7G87515AJ0GCUDG
—
_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan