Wednesday, 28 June 2017

Reuters Business Today: June 28, 2017

Click to View in Browser
Wednesday, June 28, 2017
Wall Street surges as banks, tech stocks spark rebound
(Reuters) - Wall Street rallied sharply on Wednesday, with the S&P 500 scoring its biggest one-day percentage gain in about two months, as financial and tech stocks led a broad market rebound.
Fed gives big U.S. banks a green light for buyback, dividend plans
WASHINGTON/NEW YORK (Reuters) - The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond a cushion against possible catastrophe.
Citigroup plans $18.9 billion capital payout over next four quarters
NEW YORK (Reuters) - Citigroup Inc said it plans to repurchase up to $15.6 billion of common stock over the next 12 months and double its quarterly dividend to 32 cents per share, bringing total payouts to $18.9 billion.
Staples to announce sale to Sycamore Partners on Wednesday: source
(Reuters) - Staples Inc will announce its sale to private equity firm Sycamore Partners for $10.25 per share in cash on Wednesday, a person familiar with the matter said on condition of anonymity.
Meal-kit maker Blue Apron slashes IPO price as Amazon looms
(Reuters) - Blue Apron Holdings Inc sharply lowered the expected price range for its initial public offering on Wednesday, as Amazon.com's $13.7 billion deal to buy Whole Foods Market Inc weighed on prospects for the meal-kit industry.
Nestle plan hailed as only the start of Schneider's shake-up
ZURICH/LONDON (Reuters) - Nestle's plan to shore up its capital structure, announced only days after being thrust into the spotlight by activist shareholder Third Point, was received by investors as a precursor to bigger changes under the company's new leadership.
In EU dealings, Google could learn from an erstwhile rival
BRUSSELS (BRUSSELS) - Google's clash with EU antitrust enforcers has echoes of Microsoft's decade-long regulatory battle, a legacy that parent company Alphabet should bear in mind as it considers challenging the Commission, lawyers and fund managers said.
Lawsuit over Deutsche Bank's Russia trades dismissed: U.S. judge
NEW YORK (Reuters) - A federal judge has dismissed a lawsuit accusing Deutsche Bank AG of concealing major deficiencies in its anti-money laundering controls, even as it allowed "mirror trades" to launder money out of Russia as part of a $10 billion trading scheme.
Meat processor settles with ABC in 'pink slime' defamation case
(Reuters) - Beef Products Inc has settled its closely watched defamation lawsuit against the ABC television network over news reports on its processed beef product that critics dubbed "pink slime," both companies said on Wednesday.
Southwest Airlines to scale down Cuba flights
(Reuters) - Southwest Airlines Co said it would reduce the number of flights to Cuba, joining other U.S. airlines, as President Donald Trump's Cuba policy continues to restrict Americans traveling to the country.
Related Video
Breakingviews TV: Apollo's $24 bln mission
Markets in swirl over Draghi, Carney comments
Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today
News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today
» » MORE NEWSLETTERS
- 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters
Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book.
Subscribe to other Reuters newsletters.
Unsubscribe from this newsletter.
Follow us on Twitter Friend us on Facebook