Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy
U.S. casino operator Eldorado Resorts Inc has agreed to buy rival Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on larger companies such as Las Vegas Sands and Wynn Resorts.
Lawyers for Huawei CFO urge Canada’s Justice Minister to withdraw extradition proceedings
Lawyers for Huawei’s chief financial officer, who is being detained in Vancouver on U.S. fraud charges against her, on Monday urged Canada’s Minister of Justice to reconsider whether to withdraw the extradition proceedings.
Amazon’s new beauty store for professionals poses threat to beauty retailers
Amazon.com Inc on Monday unveiled its online professional beauty store to sell supplies to licensed professional stylists, barbers and estheticians, weighing on shares of other beauty retailers.
Oil prices down 1% as demand fears rise, Mideast tensions ease
Oil prices fell about 1% on Monday as crude demand concerns resurfaced and the possibility of an imminent conflict between the United States and Iran began to fade.
Wall St. edges higher as tech gains more than offset healthcare losses
Wall Street’s main indexes edged higher on Monday, as gains in technology stocks more than offset losses in healthcare sector, while investors awaited a high-stakes meeting between U.S. and Chinese leaders at the G20 summit later this week.
Global stocks mostly flat ahead of G20; dollar slips
Global equity markets traded mostly flat on Monday as investors awaited U.S.-China trade talks the end of this week at the G20 summit, and the dollar fell to three-month lows on bets the Federal Reserve may cut interest rates more than once this year.
Supreme Court invalidates law banning foul language trademarks
(Editor’s note: contains language that some readers may find offensive, paragraphs 2, 11, 15.)
Estonia warns of risks in wake of money laundering scandal
Banks in Estonia have not yet plugged all the gaps in their money laundering controls, the Baltic state’s regulator told Reuters, pledging to maintain a clampdown in the country at the center of one of Europe’s biggest financial scandals.
Wall Street edges higher as tech offsets healthcare loss
U.S. stocks posted slight gains on Monday, as technology stocks more than offset a decline in healthcare sector, while investors awaited a high-stakes meeting between U.S. and Chinese leaders at the G20 summit later this week.
Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources
Italy’s UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said.
