Market News

  1. Italy's UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said.
  2. U.S. casino operator Eldorado Resorts Inc has agreed to buy rival Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on larger companies such as Las Vegas Sands and Wynn Resorts.
  3. WarnerMedia, part of AT&T Inc, said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190624:nBw11GtfYa on Monday the company has appointed Ann Sarnoff as the chief executive officer of Warner Bros.
  4. FedEx Corp has apologized for another Huawei delivery "mistake," reigniting Chinese ire and drawing the fire of state media which suggested the U.S. delivery firm could end up on China's upcoming list of companies that harm national interests.
  5. Lawyers for Huawei's chief financial officer, who is being detained in Vancouver on U.S. fraud charges against her, on Monday urged Canada's Minister of Justice to reconsider whether to withdraw the extradition proceedings.
  6. Brazil's civil aviation regulator will take back grounded airline Avianca Brasil's slots in Sao Paulo's coveted domestic airport as part of a plan to redistribute them later, according to a decision published in the government's official gazette on Monday.
  7. Facebook dismissed calls for a break-up of the world's biggest social network and other big internet companies on Monday, saying this would not tackle issues such as privacy, attempts to influence elections or harmful content.
  8. Bristol-Myers Squibb Co on Monday offered to divest Celgene Corp's psoriasis treatment Otezla to allay concerns raised by the U.S. competition regulator, and pushed back the closing of their $74 billion deal.
  9. Amazon.com Inc on Monday unveiled its online professional beauty store to sell supplies to licensed professional stylists, barbers and estheticians, weighing on shares of other beauty retailers.
  10. Oil prices fell about 1% on Monday as crude demand concerns resurfaced and the possibility of an imminent conflict between the United States and Iran began to fade.
  11. (Editor's note: contains language that some readers may find offensive, paragraphs 2, 11, 15.)
  12. Wall Street's main indexes edged higher on Monday, as gains in technology stocks more than offset losses in healthcare sector, while investors awaited a high-stakes meeting between U.S. and Chinese leaders at the G20 summit later this week.
  13. Global equity markets traded mostly flat on Monday as investors awaited U.S.-China trade talks this week at the G20 summit, and the dollar fell to three-month lows on bets the Federal Reserve may cut interest rates more than once this year.
  14. Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin.
  15. JetBlue Airways Corp has sued Walmart Inc for trademark infringement, in an effort to stop the world's largest retailer from using the name Jetblack for its text-based personal shopping service.
  16. Banks in Estonia have not yet plugged all the gaps in their money laundering controls, the Baltic state's regulator told Reuters, pledging to maintain a clampdown in the country at the center of one of Europe's biggest financial scandals.