Gillian Tan is a Bloomberg Gadfly columnist covering deals and private equity. She previously was a reporter for the Wall Street Journal. She is a qualified chartered accountant.

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From the silver lining to this subprime lender's shake-up to a potential reversal of fortunes for Swiss watchmakers, here are four charts that tell you what you need to know in business today.

Provident Warning
The subprime lender's share price collapsed by two-thirds after it issued a profit warning and its CEO exited, but this could be a blessing in disguise.
Source: Bloomberg
Intraday times are displayed in ET.
Ticktock
Swiss watch sales have rebounded, but this may not be sustainable.
Source: Federation of the Swiss Watch Industry
Contractor's Blues
An alliance between Halliburton and Microsoft to transform the oil and gas industry puts the emphasis on managing costs rather than controlling prices.
Source: Bloomberg
Note: Operating profit divided by revenue for Schlumberger, Halliburton and Baker Hughes, a GE Co.
Underdog
Coty is the biggest loser in the consumer-staples sector over the past year, but patient investors may be rewarded for staying the course.
Source: Bloomberg
Data as of 9:45 a.m. New York time on Aug. 22.

And don't miss Liam Denning on how Blackstone Group LP is making master limited partnerships interesting: "If a greater role for more 'discerning' capital helps prod pipeline companies to focus on sustainable growth in profits per share rather than number of shares outstanding and do away with anachronisms like incentive distribution rights, so much the better. In some cases, if the case for a new project is compelling enough, it may mean abandoning the MLP structure altogether. In any event, Blackstone's latest addition puts it squarely at the center of the transition."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

To contact the author of this story:
Gillian Tan in New York at gtan129@bloomberg.net

To contact the editor responsible for this story:
Daniel Niemi at dniemi1@bloomberg.net