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Reuters Company NewsJun 16, 2019
UPDATE 1-Boeing crisis, trade tensions cast pall over air show
* UTC-Raytheon merger plans add to uncertainty in sector (Adds Lufthansa profit warning, Boeing CEO quotes)

Washington Post BusinessJun 16, 2019
Why a Tax Crusade in Zambia Worries Copper Miners
Zambia's government has long complained that it doesn't derive sufficient revenue from its copper industry, Africa's second-biggest and the world's seventh-largest. President Edgar Lungu upped the ante in May, when he accused the local unit of Vedanta Resources Ltd. of lying about its expansion plans and cheating on taxes. A state-owed company is now moving to liquidate Vedanta's assets. Lungu's heavy-handed embrace of resource nationalism, which could be directed at winning reelection in 2021,

MarketWatch MarketPulseJun 14, 2019
Stocks end week on a high note, even after chip maker losses
Stocks mostly closed lower on Friday, leaving weekly gains still intact, after shares of computer chip makers came under pressure due to US-China trade tensions. The S&P 500 fell 0.2% to end around 2,887. The Dow Jones Industrial Average shed 17 points, or less than 0.1%, to finish near 26,090. The Nasdaq Composite slipped 0.5% to end around 7,797. For the week, S&P was up 0.5%, the Dow was up 0.4% and the Nasdaq was up 0.7%. Broadcom Inc. shares led the slump in tech stocks on Friday after the semiconductor manufacturer lowered its guidance for the rest of the year on late Thursday. Broadcom's stock tumbled 5.4%. Still, key equity benchmarks were propped up by expectations for the Federal Reserve to signal its plans to cut rates in the near-future at next week's meeting. In other company news, Chewy Inc. shares rose 63% after its debut IPO in the New York Stock Exchange. The pet care company's stock ended at around $36 a share.

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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