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Reuters Company NewsJun 20, 2018
Banks to fatten wallets as Disney, Comcast compete for Fox
NEW YORK, June 20 (LPC) - Banks arranging nearly US$36bn of loans to support Walt Disney Co's sweetened US$71.3bn bid to buy Twenty-First Century Fox Inc's media assets stand to pocket around US$200m in fees, boosting profits from an increasingly hot market for mergers and acquisitions (M&A).

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Why Twenty-First Century Fox Stock Jumped Today (The Motley Fool)
Disney nears U.S. nod for Fox deal - Bloomberg (Reuters Company News)

Google Business NewsJun 20, 2018
Disney Sweetens Fox Offer to $71 Billion, Outbidding Comcast - Bloomberg

Bloomberg


Walt Disney Co. raised its offer for 21st Century Fox Inc.'s entertainment assets to $71.3 billion, outbidding Comcast Corp. in a battle for one of the media industry's biggest prizes. The $38-a-share price is about $10 a share higher than what Disney


Reuters Company NewsJun 20, 2018
UPDATE 4-Amazon, Berkshire, JPMorgan name Atul Gawande CEO of healthcare venture
NEW YORK, June 20 (Reuters) - Well-regarded surgeon and author Atul Gawande, a critic of his industry's medical practices, will lead the new company being formed by Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co that aims to cut U.S. employee healthcare costs, the companies said on Wednesday.

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UPDATE 3-Amazon, Berkshire, JPMorgan name Atul Gawande CEO of healthcare venture (Reuters Company News)

Reuters Company NewsJun 20, 2018
U.S. Commerce's Ross: more pressure needed for China to change trade, IP policies
WASHINGTON, June 20 (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Wednesday that President Donald Trump wants China to cut its trade barriers and protect U.S. intellectual property, but believes Beijing will not do so without increased pressure from the United States.

USA Today MoneyJun 20, 2018
European Union tariffs on Harleys, peanut butter and other US goods begins Friday
The European Union will start taxing on Friday a range of imports from the U.S., including quintessentially American goods like Harley-Davidson bikes and cranberries, in response to President Donald Trump's decision to slap tariffs on European steel and aluminum.        

WSJ US NewsJun 20, 2018
Starbucks Shares Slide as Company Plans More Store Closures
Starbucks shares are on track to set new lows after the company said it would close more coffee shops in the increasingly crowded U.S. market.

MarketWatchJun 20, 2018
Corrections: The auditor of Citi, Credit Suisse and Deutsche Bank was tipped off before regulatory inspection
An earlier version of this story on June 20 incorrectly identified Air Products and Chemical(TICKER:APD)  as one of the KPMG clients impacted by the actions described. The correct company is Chemical Financial Corporation(TICKER:CHFC) . The story has been corrected.

RELATED ARTICLES
NewsWatch: The auditor of Citi, Credit Suisse and Deutsche Bank was tipped off before regulatory inspection (MarketWatch)

The Motley FoolJun 20, 2018
Why Winnebago Industries, Inc. Stock Popped Today
Shares of the RV maker moved higher on an impressive earnings report.

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Why Synaptics Inc. Stock Popped Today (The Motley Fool)

MarketWatch MarketPulseJun 20, 2018
Starbucks shares sink 6% after downgrade on concerns that sales initiatives are failing
Starbucks Corp. shares sank 6.7% in Wednesday trading after the coffee retailer was downgraded to neutral from buy at BTIG. "We believe the company's blizzard of sales initiatives are falling short of driving positive transactions and causing us to moderate our comp outlook," wrote analysts led by Peter Saleh. "We believe Starbucks is slowly transitioning from a global growth concept to a more mature company, as evidenced by the increased focus on G&A efficiency and cash returns, which we believe should warrant a lower valuation multiple." Starbucks announced on Tuesday that it is its lowering its fiscal 2018 earnings per share guidance by 10 cents to between $2.39 and $2.43. The company expects third-quarter same-store sales to rise 1%, missing the FactSet consensus for 1.5% growth. "Our previous view has been there was still enough to keep us positive but the persistent comp degradation causes us to finally give in," wrote BTIG. Starbucks shares are down 6.6% for the year so far while the S&P 500 index is up 3.7% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



AdWeek NewsJun 20, 2018
What You Need to Know About Cannes Lions on Day 3
Happy hump day from France. We're already halfway through the festival, thanks to this year's shortened schedule. Cannes Lions organizers went out of their way to bolster the value proposition this year, cutting the week from five days to four and creating a "convince the CFO kit." But veterans note that attendance feels low, the...

MarketWatch MarketPulseJun 20, 2018
Homeland Security drafting order to end family separation: AP
Homeland Security Secretary Kirstjen Nielsen is drafting an order to end family separation at the U.S.-Mexico border, the Associated Press reported Wednesday. But the AP said it's unclear if President Donald Trump will sign it. The administration is under increased pressure for its "zero tolerance" immigration policy that has led to children being separated from their parents.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJun 20, 2018
PayPal stock gains after Wedbush cheers Hyperwallet acquisition
PayPal Holdings Inc. shares are up 0.3% in premarket trading Wednesday after Wedbush analyst Moshe Katri said that the company's recently announced acquisition of Hyperwallet had strategic benefits. The purchase "strengthens its merchant-facing platform," Katri wrote of PayPal. "Combined with recently acquired iZettle, it also enhances the company's ongoing monetization effort." He wrote that the two deals help place PayPal "on par competitively" with Square Inc. and Adyen NV . PayPal said Tuesday that it would be acquiring Hyperwallet, a payouts platform, for $400 million. Hyperwallet enables companies like Expedia to pay gig-economy sellers who, say, make their homes available to guests via a home-sharing platform. PayPal shares are up 61% in the past year, while the S&P 500 has gained 13%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters Company NewsJun 20, 2018
UPDATE 1-Sesame Workshop to create new children's TV shows for Apple
LOS ANGELES, June 20 (Reuters) - Apple Inc has ordered multiple live-action and animated series from Emmy award-winning children's television producer Sesame Workshop, a source close to the agreement said on Wednesday.

RELATED ARTICLES
Sesame Workshop to create new children's TV shows for Apple (Reuters Company News)

MarketWatchJun 19, 2018
Why PayPal is paying $400 million for Hyperwallet
PayPal Inc. continued its acquisition spree Tuesday, announcing plans to purchase Hyperwallet, a company that enables payouts to sellers and merchants.

RELATED ARTICLES
PayPal to acquire Hyperwallet for $400 million (MarketWatch MarketPulse)

Reuters BusinessJun 19, 2018
Goldman Sachs to invest $500 million in women-run companies
(Reuters) - Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.
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