Big Wynn? Vegas giant makes $7.1 billion play for Australia’s Crown
World No. 2 casino operator Wynn Resorts made a A$10 billion ($7.1 billion) takeover approach for Australia’s Crown Resorts, the target company said on Tuesday, hoping to expand its geographic reach as it faces growth hurdles in Asia.
Asia shares edge up to eight-month peak, oil settles
Asian shares hit an eight-month high on Tuesday as optimism about Chinese measures to boost economic growth lifted mainland markets, however, worries about U.S. earnings and a crucial Brexit summit this week limited gains.
How Wells Fargo’s regulators and employees drove out its CEO
The day after former Wells Fargo & Co Chief Executive Tim Sloan told U.S. lawmakers he was transforming the bank’s high-pressure culture, Federal Reserve officials met privately with bank employees.
Selling with the enemy: Why rival retailers embrace Amazon.com
Chico’s FAS Inc warned in January that it would shutter at least 250 stores across its namesake brand, along with its White House Black Market and Soma labels.
Factbox: Synergies and opportunities in Wynn’s $7.1 billion buyout play for Crown
Las Vegas’s Wynn Resorts has made a $7.1 billion takeover offer for Australian casino giant Crown Resorts Ltd, a move to expand its global footprint and hedge against the expiration of its license in Macau.
Oil prices hover near five-month highs as global markets tighten
Oil prices rose to fresh 5-month highs on Tuesday as markets tightened amid OPEC-led supply cuts, U.S. sanctions against Iran and Venezuela, and escalating violence in Libya.
China says it wants to eliminate bitcoin mining
China’s state planner wants to ban bitcoin mining, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector.
China Aircraft Leasing says no change to Boeing 737 MAX order
China Aircraft Leasing Group Holdings Ltd (CALC) on Tuesday said it has not put its order for 100 Boeing Co 737 MAX jets on hold, rebutting an earlier report by the South China Morning Post (SCMP) newspaper.
U.S. bank executives say Wall Street has reformed, though crisis scars linger
(This April 8 story has been refilled to correct fourth paragraph to remove reference to Northern Trust’s testimony appearing. Northern Trust is not testifying)
Asia shares weighed by cautious mood, oil settles
Asian shares struggled to make gains on Tuesday as investors braced for key events later in the week, including the start of the U.S. earnings season and a crucial Brexit summit, while broader concerns about slowing global growth checked sentiment.
