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Reuters Company NewsJun 20, 2018
China stocks extend slump on trade war fears; Hong Kong up
* HK-Shanghai Connect daily quota used -0.1 pct, Shanghai-HK daily quota used 0.9 pct

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Trade Dispute Batters Global Markets (WSJ Asia)

FT.com - China, Economy & TradeJun 20, 2018
US consumers poised for impact of Trump's China tariffs
Republicans mindful of political consequences of raising prices for everyday goods

WSJ AsiaJun 20, 2018
White House Sees an Edge in Trade Dispute With China
President Donald Trump's escalation of trade threats against China reflects his belief that Washington increasingly has the upper hand in the dispute, administration officials said, adding he is prepared to withstand pressure from U.S. businesses that might suffer from the conflict.

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Several Asian Countries, Including China, Are Dangerously Close to Bear-Market Territory - Wall Street Journal (Google Business News)

Reuters BusinessJun 20, 2018
Dow-ned but not out: Expulsion no body blow for GE shareholders
(Reuters) - General Electric Co's expulsion from the elite Dow Jones Industrial Average may be a bitter pill to swallow for shareholders, but it could be little more than a publicity blow for investors in the 126-year-old struggling U.S. conglomerate.

Reuters BusinessJun 20, 2018
U.S. shale producers warn Chinese tariffs would hit energy exports
HOUSTON (Reuters) - China's proposed tariffs on U.S. petroleum imports, part of a mounting trade war between the two countries, would crimp sales to the shale industry's largest customer, adding new pressure on U.S. crude prices, energy executives and analysts said in interviews this week.

Google Business NewsJun 20, 2018
South Korea's Bithumb loses $32 million in digital money heist, bitcoin falls - Reuters

Reuters


SEOUL (Reuters) - South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange targeted in just over a week as cyber thieves exposed the high risks of trading


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Cryptocurrency Exchange Bithumb Loses More Than $30 Million in Hack (WSJ Asia)

Reuters Company NewsJun 20, 2018
GLOBAL MARKETS-Asian stocks pick up steam as hopes of policy support lift China
* MSCI Asia-Pacific index up 1.1 percent, Nikkei gains 1.1 pct

Reuters Company NewsJun 20, 2018
PRESS DIGEST - Wall Street Journal - June 20
June 20 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

Google Business NewsJun 20, 2018
Starbucks Announces Plans To Close 150 Underperforming Stores - HuffPost

HuffPost


(Reuters) - Starbucks Corp forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours. The world's largest
Starbucks To Close 150 Stores Ne


Reuters Company NewsJun 20, 2018
UPDATE 8-Trump says would back both U.S House immigration bills as separation crisis grows
* Reuters/Ipsos poll shows most Americans oppose policy (Updates with protesters in Washington, paragraph 18, statements from Apple Chief Executive Tim Cook and Microsoft CEO Satya Nadella in paragraph 21-22)

Reuters BusinessJun 19, 2018
Chinese paper says Trump administration has 'blood lust' over trade
BEIJING (Reuters) - The Trump administration has "blood lust" when it comes to pushing its trade agenda against China and wants to "suck the lifeblood" from the Chinese economy, an official state-run newspaper said on Wednesday, stepping up the rhetoric.

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Can Trump Win a China Trade War? We May Soon Find Out: QuickTake (Washington Post Business)

NPR Topics: BusinessJun 19, 2018
Dow Jones Drops GE, A Member Of The Original Industrial Average In 1896
As recently as 2005, according to Reuters, General Electric was the most valuable publicly traded company in the United States. It will be replaced by the parent company of Walgreens pharmacies.

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GE Drops Out of the Dow After More Than a Century (WSJ Asia)

Reuters Company NewsJun 19, 2018
GLOBAL MARKETS-China stocks extend slump, temper Asian bounce as trade war anxiety grows
SHANGHAI, June 20 (Reuters) - China's stock markets slumped on Wednesday, extending a rout from the previous day as the prospect of a full-blown Sino-U.S. trade war put a dampener on the rest of Asian equities, even as they managed a modest bounce.

Reuters BusinessJun 19, 2018
Stocks recover from earlier rout but trade war fears seen capping gains
SHANGHAI (Reuters) - Stocks in Asia rebounded from recent losses on Wednesday as investors sought bargains, a day after the specter of a U.S.-China trade war rattled global markets, but significant uncertainty around the trade outlook is capping gains.

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GLOBAL MARKETS-Stocks recover from earlier rout but trade war fears seen capping gains (Reuters Company News)

Google Business NewsJun 19, 2018
General Electric loses place in Dow, expected to be replaced by Walgreens - Business Insider

Business Insider


General Electric has lost its spot in the Dow Jones Industrial Average after over a century in the blue chip stock index. GE's place will be replaced by drug store chain Walgreens prior to the start of trading on June 26. GE's stock slipped 1.5% in
GE Drops Out of the Dow After More Than a Century


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UPDATE 3-General Electric loses place in elite Dow Jones Industrial Average (Reuters Company News)

SEC.gov Updates: News DigestJun 19, 2018
4 - CAMP CHRISTINE H H (0001286228) (Reporting)
2018-06-19 0001127602-18-021551 10 KB

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3 - Fox Jonathan C (0001655016) (Reporting) (SEC.gov Updates: News Digest)
3 - Siu Christine (0001743029) (Reporting) (SEC.gov Updates: News Digest)

Google Market NewsJun 19, 2018
After Query, Ross Shorted Stock in Kremlin-Tied Firm: Report - U.S. News & World Report

U.S. News & World Report


Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company.


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2018 World Cup: Which Teams' Stock Rose In The First Week Of Action (Forbes Headlines)

Google Business NewsJun 19, 2018
Corktown residents gather to digest the big news of Ford's move into train station - Detroit Free Press

Detroit Free Press


Following Ford Motor Company's splashy Michigan Central Station celebration Tuesday morning, members of the Corktown community gathered to debrief the event and discuss in more detail how they hoped the big automaker would fit into the neighborhood ...


Google Business NewsJun 19, 2018
Starbucks says it will close 150 stores next year - wtkr.com

wtkr.com


Starbucks will close 150 poorly performing company-operated stores next year, about three times as many as it typically closes. The affected stores are located in mostly urban areas that are densely populated with Starbucks locations. The company told ...



Google Business NewsJun 19, 2018
Why Ford Is Buying Detroit's Derelict Train Station - WIRED

WIRED


Newspapers and magazines do this thing that drives Detroiters crazy. Doesn't matter the headline. Maybe Detroit is coming back, maybe crime is falling, maybe a few neighborhoods are seeing a resurgence, maybe it's all a bit more complicated than a few ...
Howes: Ford depot move signals 'Detroit is open for busi


Google Market NewsJun 19, 2018
Starbucks closing cafes; CEO calls performance 'not acceptable' - Reuters

Reuters


(Reuters) - Starbucks Corp (SBUX.O) forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours. FILE PHOTO


USA Today MoneyJun 19, 2018
Zuckerberg, Sandberg give to record $4.8 million Facebook campaign to reunite immigrant families
More than $4 million has been donated to the campaign, set up by Silicon Valley couple Charlotte and Dave Willner, the largest ever on Facebook to benefit RAICES, a Texas nonprofit that provides free legal services to immigrants and refugees.        

Wall Street Journal US BusinessJun 19, 2018
Fox TV Producers Issue Rare Public Criticism of Fox News Commentary
Steve Levitan of ‘Modern Family' and Seth MacFarlane of ‘Family Guy' said they were embarrassed to work at the company that owns the cable news channel.

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UPDATE 1-Hollywood producers speak out against Fox over immigration stance (Reuters Company News)
The Wall Street Journal: ‘Modern Family, ‘Family Guy' producers say they're ‘disgusted' and ‘embarrassed' to work for Fox (MarketWatch)

The Motley FoolJun 19, 2018
Better Buy: American Express Company vs. Discover
These two credit card companies sport nearly identical business models. Which makes for a better investment today?

MarketWatchJun 19, 2018
Need to Know: Beware the ‘perpetual-motion machine' driving this market, warns billionaire Howard Marks
President Trump and China just keep ramping up their trade battle, sending stocks worldwide into the woodchipper. But it's billionaire investor Howard Marks's memo on another hot topic that provides our call of the day.

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Roche pays $2.4 billion for rest of cancer expert Foundation Medicine (Reuters Business)
Roche to Pay $2.4 Billion for Full Control of Foundation Medicine (Wall Street Journal US Business)

MarketWatchJun 19, 2018
Market Extra: The Dow Jones Industrial Average will have a new member—here's what that means
General Electric is being replaced by Walgreens Boots Alliance Inc., as one of the 30 components of the 122-year-old Dow Jones Industrial Average. Here's what it means for one of the oldest equity benchmarks.

Reuters Company NewsJun 19, 2018
UPDATE 7-Trump says would back both U.S House immigration bills as separation crisis grows
* Reuters/Ipsos poll shows most Americans oppose policy (Adds reporter's credit in signoff, no change to text)

USA Today MoneyJun 19, 2018
Roche paying $2.4B to acquire rest of US-based Foundation Medicine
Swiss drugmaker Roche's $2.4 billion deal for U.S.-based Foundation Medicine represents an increased bet on gene-guided treatments to fight cancers. The agreement represents a a 29% premium over the June 18 value of Foundation Medicine's shares.        

Google Market NewsJun 19, 2018
A Bill Gates-backed edible coating makes avocados last twice as long — and it's coming to Costco - Business Insider

Business Insider


A food-tech startup called Apeel Sciences debuted its avocados at every Costco and Harps Food Stores location in the US. Apeel has created an invisible, edible coating that food suppliers can spray on produce to extend shelf life. The company claims
Millennials, Rejoice! Costco Is Selling New Avocados That Stay Ripe Twice as L


Google Business NewsJun 19, 2018
Korean Cryptocurrency Exchange Bithumb Loses More Than $30 Million in Hack - Wall Street Journal

Wall Street Journal


Seoul-based bitcoin exchange Bithumb said Wednesday it had lost over $30 million as the result of being hacked, the second cyber attack in two weeks to hit a major South Korean cryptocurrency exchange as safety concerns hamper the industry and weigh ...


Washington Post BusinessJun 19, 2018
Verizon, AT&T will suspend sales of customer location data
Sen. Ron Wyden's investigation found a prison phone company had used location data in a system that effectively let correctional officers spy on millions of Americans.

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Verizon and others call a conditional halt on sharing location with data brokers - TechCrunch (Google Business News)

Google Business NewsJun 19, 2018
Musk claims sabotage with list of haters who want Tesla 'to die' - Los Angeles Times

Los Angeles Times


A Tesla employee who committed "extensive and damaging sabotage" by breaking into software systems at Tesla's auto plant could be part of a larger plot by enemies bent on the company's destruction, Chief Executive Elon Musk told employees via email ...
What Elon Musk, Tim


RELATED ARTICLES
Stocks fall as worries about US-China trade tensions intensify - Los Angeles Times (Google Business News)

Google Business NewsJun 19, 2018
Bold hopes and dreams define train station's future - The Detroit News

The Detroit News


Detroit — Thousands came to celebrate Tuesday the planned revival of the moribund Michigan Central Depot. Many left realizing Ford Motor Co.'s goal for the old train station extends beyond the building — cementing southeast Michigan as a leader in


WSJ AsiaJun 19, 2018
Trump Sidesteps Family Separations in Talks With GOP
President Trump urged House Republicans to pass a broad bill legislation but stopped short of telling them he would immediately reverse a widely condemned policy that has separated migrant children from their parents.

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.

MarketWatchJun 19, 2018
MarketWatch First Take: Oracle cloud growth slows, and — Surprise! — it stops giving cloud numbers
After a few consecutive quarters of disappointing cloud revenue growth, on Tuesday, Oracle Corp. suddenly stopped separating its much touted business in its recent quarterly financial statement.

RELATED ARTICLES
Oracle cloud growth slows, and — Surprise! — it stops giving cloud numbers - MarketWatch (Google Business News)

Reuters Company NewsJun 19, 2018
UPDATE 5-Trump says he would back both U.S House immigration bills as separation crisis grows
* Reuters/Ipsos poll shows most Americans oppose policy (Recasts with Trump's meeting with lawmakers, adds Meadows, Cole, updates separation figures)

OpinionJournal.comJun 19, 2018
Why We're Leaving the So-Called Human Rights Council
Allies said U.S. participation was the last shred of credibility left in the organization.

WSJ EuropeJun 19, 2018
Merkel, Macron Unite on Europe's Future
France and Germany agree on broad overhauls for the European Union as they strain to contain divisions in the bloc and Chancellor Angela Merkel battles to preserve her government in Berlin.

RELATED ARTICLES
Brexit & Beyond: Merkel and Macron Meet in Effort to Contain EU's Divisions (WSJ MoneyBeat)

Yahoo BusinessJun 19, 2018
GameStop confirms buyout talks as downloads take their toll
It won't shock you to hear that GameStop has been suffering as downloads have


RELATED ARTICLES
GameStop stock extends gains after company confirms 'exploratory' takeover talks (MarketWatch Breaking News)
ZTE reprieve paves way for next round of US-China trade talks (FT.com - Telecoms)
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