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 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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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
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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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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.
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 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.
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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.
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 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.
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Shares of the RV maker moved higher on an impressive earnings report.
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 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.
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 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...
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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.
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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.
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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.
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PayPal Inc. continued its acquisition spree Tuesday, announcing plans to purchase Hyperwallet, a company that enables payouts to sellers and merchants.
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 (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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