Alitalia gets qualified thumbs-up from Atlantia, state railways
Italian loss-making airline Alitalia won a commitment from toll-road operator Atlantia and state railways Ferrovie dello Stato (FS) on Tuesday to come to its rescue provided a number of conditions were met.
Nevada gaming regulators seek ban on Steve Wynn from state’s casino industry
Nevada gaming regulators are seeking a ban on former Wynn Resorts Ltd chief Steve Wynn from the state’s casino industry, citing allegations of sexual misconduct that emerged a year ago, a regulatory filling showed.
MGM Resorts to sell Bellagio, Circus Circus assets for about $5 billion
MGM Resorts International said on Tuesday it would sell its Bellagio and Circus Circus resorts in Las Vegas in separate deals valued at about $5 billion, as the casino operator adopts an asset-light strategy to bolster its balance sheet.
U.S. prosecutors accuse Turkey’s Halkbank of scheme to evade Iran sanctions
U.S. prosecutors on Tuesday charged Turkey’s majority state-owned Halkbank with taking part in a multibillion-dollar scheme to evade U.S. sanctions against Iran – an indictment that may complicate tension between NATO allies Washington and Ankara.
Wells Fargo reports falling profit as legal costs mount
Wells Fargo & Co reported lower profits on Tuesday as the bank braced for additional legal expenses tied to a scandal that erupted more than three years ago.
Private market gives WeWork shares the cold shoulder
Trading in shares of WeWork in the private over-the-counter (OTC) market has almost ground to a halt, underscoring a loss of investor confidence in the office-sharing company and providing further evidence of its recent huge loss in value.
Global stocks jump on report Brexit deal may be close, oil slips
Stocks in Europe and on Wall Street jumped about 1% on Tuesday on strong U.S. corporate results and a possible deal to avoid a disorderly British exit from the European Union, while oil prices fell as weak China data kindled global economic fears.
Fidelity criticizes money manager Fisher, who loses Philadelphia as client
Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher while Philadelphia’s board of pensions terminated its business with his firm after he allegedly made disparaging remarks about women last week.
Sunrise shareholder Canada Pension Plan Investment Board backs $2.8 billion capital hike
Sunrise Communications has won support from one of its largest shareholders for its $2.8 billion capital hike – the latest twist in the telecom company’s battle to buy Liberty Global’s Swiss business.
United lifts 2019 profit target as strong travel demand outweighs MAX crisis
United Airlines on Tuesday topped Wall Street estimates for quarterly profit, boosted by higher fares and lower fuel costs, and lifted its 2019 profit target despite the continued grounding of the Boeing 737 MAX.
