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Business News

JetBlue sues Walmart for trademark infringement over Jetblack service

June 24, 2019 admin Comments Off on JetBlue sues Walmart for trademark infringement over Jetblack service

JetBlue Airways Corp has sued Walmart Inc for trademark infringement, after the world’s largest retailer began using the name Jetblack for its text-based personal shopping service.

…read more […]

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Business News

Wall St. set to open higher with trade talks in focus

June 24, 2019 admin Comments Off on Wall St. set to open higher with trade talks in focus

Wall Street’s main indexes were set to open slightly higher on Monday, with investors pinning their hopes on a meeting between Presidents Donald Trump and Xi Jinping later this week to de-escalate a trade war that is damaging the global economy.

…read more […]

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Business News

Oil up on U.S.-Iran tensions but demand concerns cap gains

June 24, 2019 admin Comments Off on Oil up on U.S.-Iran tensions but demand concerns cap gains

Oil prices rose on Monday adding to last week’s gains, lifted by tensions between the United States and Iran, but concerns about the possibility of weakening demand kept a lid on gains .

…read more […]

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G20 nerves hit Europe stocks; dollar slips to three-month low

June 24, 2019 admin Comments Off on G20 nerves hit Europe stocks; dollar slips to three-month low

European stocks stumbled and the dollar hit three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears of an escalation in Iran tensions flared up.

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Futures edge higher with trade talks in focus

June 24, 2019 admin Comments Off on Futures edge higher with trade talks in focus

U.S. stock index futures edged higher on Monday, with investors hoping that the upcoming U.S.-China trade talks will help de-escalate a trade war that is damaging the global economy.

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Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion

June 24, 2019 admin Comments Off on Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion

Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on competition from larger companies such as Las Vegas Sands and Wynn Resorts.

…read more […]

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Danske Bank ousts former interim CEO after customers overcharged

June 24, 2019 admin Comments Off on Danske Bank ousts former interim CEO after customers overcharged

Danske Bank has dismissed its former interim chief executive Jesper Nielsen after customers were overcharged for an investment product, a first step by its new boss to restore trust in the troubled lender.

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Bristol to divest Celgene’s psoriasis treatment in FTC clearance push

June 24, 2019 admin Comments Off on Bristol to divest Celgene’s psoriasis treatment in FTC clearance push

Bristol-Myers Squibb Co said on Monday it would divest Celgene Corp’s psoriasis treatment Otezla as the companies look to gain approval for their $74 billion deal from the U.S. Federal Trade Commission (FTC).

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Business News

FedEx confirms Huawei mail ban as new ‘mistake’ reignites Chinese ire

June 24, 2019 admin Comments Off on FedEx confirms Huawei mail ban as new ‘mistake’ reignites Chinese ire

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.

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Business News

Eldorado Resorts to merge with Caesars Entertainment in $17.3 billion deal

June 24, 2019 admin Comments Off on Eldorado Resorts to merge with Caesars Entertainment in $17.3 billion deal

U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a $17.3 billion cash-and-stock deal, including debt, the companies said on Monday.

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Business News

Oil extends gains on U.S.-Iran tensions

June 24, 2019 admin Comments Off on Oil extends gains on U.S.-Iran tensions

Oil prices rose on Monday, extending large gains last week that were prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on Tehran.

…read more […]

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Business News

Eldorado Resorts to buy Caesars Entertainment in $17.3 billion deal

June 24, 2019 admin Comments Off on Eldorado Resorts to buy Caesars Entertainment in $17.3 billion deal

U.S. casino operator Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp in a $17.3 billion cash-and-stock deal, including debt, the companies said on Monday.

…read more […]

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Business News

Lufthansa announces overhaul of budget carrier Eurowings

June 24, 2019 admin Comments Off on Lufthansa announces overhaul of budget carrier Eurowings

Lufthansa on Monday announced a turnaround plan for Eurowings in which the budget carrier will focus on short-haul flights and seek a 15% cut in costs by 2022 in the hope of returning to profit.

…read more […]

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Business News

Bitcoin tests 15-month highs after 10% weekend jump

June 24, 2019 admin Comments Off on Bitcoin tests 15-month highs after 10% weekend jump

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.

…read more […]

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Business News

Nissan shareholders set to back CEO Saikawa amid fraying ties with Renault

June 24, 2019 admin Comments Off on Nissan shareholders set to back CEO Saikawa amid fraying ties with Renault

Nissan Motor shareholders are widely expected to back Chief Executive Hiroto Saikawa at an annual general meeting on Tuesday, extending his tumultuous tenure at an automaker shaken by scandal and the loss of trust with alliance partner Renault.

…read more […]

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