- Trump Plans to Undo Dodd-Frank, Fiduciary Rule (WSJ)
- CEOs to meet with Trump amid tensions (Reuters)
- Trump’s CEO Brain Trust Meets Amid Widening Rifts (BBG)
- Business coalition supports border tax (Reuters)
- Nordstrom winds down relationship with Ivanka Trump brand (Reuters)
- Tillerson Calms Foreign Allies’ Nerves on First Day as Diplomat (BBG)
- Trump’s Bluntness Unsettles World Leaders (WSJ)
- The One Russian Linking Putin, Erdogan and Trump (BBG)
- Bank of Japan Whipsaws Markets in Tussle Over Yield Control (BBG)
- China Tightens Monetary Policy by Raising Money Market Rates (BBG)
- U.K. Services Growth Cools as Costs Dominate Firms’ Concerns (BBG)
- Spain’s Banco Popular posts 3.5 bln euros loss on property charges (Reuters)
- Amazon Projects Spending That Concerns Investors (BBG)
- Italy’s Renzi signals willingness to ditch push for early vote (Reuters)
- Toronto Home Prices Jump 22% as Buyers Contend With Tight Supply (BBG)
- May Seeks to Ride Brexit Wave Targeting Historic By-Election Win (BBG)
- ‘Superstar’ Companies Are Eating Into Workers’ Wealth, Study Finds (BBG)
- Vanity Fair, New Yorker back out of White House Correspondents’ Association events (The Hill)
- Billionaire Magnier Said to Purchase $56 Million U.K. Estate (BBG)
- Mexico Has Its Own Fiery Populist. Trump May Put Him in Power (BBG)
- Trump White House Set to Impose Fresh Sanctions on Iran (WSJ)
- Senate advances DeVos’s nomination, setting her up for final vote (The Hill)
- State Lawmakers Are Cracking Down on Protesters (BBG)
- Snap IPO Will Mint Fortunes for Founders, Two Big Investors (WSJ)
Overnight Media Digest
WSJ
– The Trump administration is set to impose fresh sanctions on dozens of Iranian entities for their alleged role in missile development and terrorism, in a move likely to escalate U.S. tensions with Tehran, according to people close to the deliberations. http://on.wsj.com/2knPJxg
– President Donald Trump’s administration said on Thursday night that the growth of Israeli settlements “may not be helpful” in achieving a goal of peace in the Middle East, an abrupt shift that signals a potentially tougher stance with Israeli Prime Minister Benjamin Netanyahu. http://on.wsj.com/2knPNxc
– Snap Inc lifted the veil on its highly anticipated initial public offering, revealing a business that is growing at a torrid clip but that also faces challenges keeping users engaged, attracting new ones – and justifying a valuation that could reach $25 billion. http://on.wsj.com/2knQRBi
– President Donald Trump vowed on Thursday to repeal a ban on churches engaging in political campaigning, while his administration also was exploring other steps to expand religious rights, including increased protection for individuals, organizations and employers acting on their faith. http://on.wsj.com/2knTfrx
– Uber Technologies Inc chief executive Travis Kalanick said he is stepping down from President Donald Trump’s economic advisory council, saying that his participation has been misunderstood as an endorsement of the new administration’s policies. http://on.wsj.com/2knJwkU
– Amazon.com Inc on Thursday said fourth-quarter profit jumped 55 percent to $749 million, topping the company’s own guidance. http://on.wsj.com/2knK0b5
– A dispute over creative control led Ralph Lauren Corp Chief Executive Stefan Larsson to leave the struggling luxury fashion brand after less than two years at the helm. http://on.wsj.com/2knKo9b
FT
* Snap Inc, owner of popular messaging service Snapchat, made many of its financial details public for the first time on Thursday, as it prepared to raise up to $3 billion in an initial public offering in New York that is expected to come in March.
* Uber Technologies Inc Chief Executive Officer Travis Kalanick, facing criticism from immigration advocates for serving on President Donald Trump’s business advisory group, quit the group on Thursday, the company said.
* The Institute for Fiscal Studies, a think tank, said that the United Kingdom needs more reforms to tackle “costly, inefficient and unfair” differences in the way the self-employed, owner-managers and employees are taxed.
NYT
– Uber CEO Travis Kalanick plans to step down from the president’s council, after internal pressure from employees and a social media backlash. http://nyti.ms/2jJwrRe
– Stephen A. Feinberg, founder of Cerberus Capital Management, is in discussions to join the Trump administration, the firm disclosed on Thursday. http://nyti.ms/2jJAfBT
– Republicans on Thursday took one of their first steps to officially dismantle Obama-era environmental regulations by easing restrictions on coal mining, bolstering an industry that President Trump has made a symbol of America’s neglected heartland. http://nyti.ms/2jJyHYy
– Department store operator Nordstrom Inc said it would put the brakes on its relationship with Ivanka Trump and it removed her brand from a list on its site. http://nyti.ms/2jJxErO
– John Cryan, chief executive of Deutsche Bank, apologized in especially contrite terms on Thursday for the long list of misdeeds that tarnished the German lender’s reputation and cost it billions of euros in fines and settlements, adding that bonuses of top managers would be cut. http://nyti.ms/2jJyKUm
Canada
THE GLOBE AND MAIL
** Kew Media Group Inc is set to acquire a broad portfolio of 10 companies that own, produce and distribute film, television and other programming for $104.1 million. https://tgam.ca/2k8ETNt
** Toronto and its surrounding municipalities are doubling down on efforts to entice foreign investment, with a new agency called Toronto Global designed to pull new business and money into the region. https://tgam.ca/2jEZNVM
NATIONAL POST
** A former editor with Vice Media used the Canadian headquarters of the youth-focused publishing empire as a recruiting ground to draw young journalists and artists into a transnational cocaine-smuggling ring, according to allegations by current and former Vice employees who spoke to the National Post. http://bit.ly/2l1PYNV
** Six-month-old NewLeaf Travel Co Inc will drop flights to two more cities this summer, bringing its total number of destinations down to five while increasing frequency on its remaining routes. http://bit.ly/2k8ONhV
via http://ift.tt/2jKymVH Tyler Durden