Monday 24 June 2019

WarnerMedia names Ann Sarnoff as CEO of Warner Bros

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WarnerMedia names Ann Sarnoff as CEO of Warner Bros

WarnerMedia on Monday said it appointed Ann Sarnoff as the chief executive officer of Warner Bros, the first woman to run one of Hollywood's most powerful studios in its 96-year history.

Oklahoma judge approves Teva's $85 million opioid settlement

An Oklahoma judge on Monday approved a revised $85 million (£66.7 million) settlement with Teva Pharmaceutical Industries Ltd resolving claims by the state's attorney general that the drugmaker helped fuel the U.S. opioid epidemic.

Beauty retailers fall after Amazon opens store for professionals

Shares of a number of specialized beauty retailers fell on Monday after Amazon.com Inc said it had started selling beauty products used by licensed stylists, barbers and beauticians.

S&P 500 slips as healthcare drags, investors eye G20 summit

The S&P 500 edged lower on Monday as losses by healthcare companies overshadowed gains in the technology sector, while investors awaited U.S. President Donald Trump's meeting with Chinese President Xi Jinping at the G20 summit 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.

Oil mixed on crude demand fears and U.S.-Iran tensions

Oil prices were mixed on Monday as market concerns about the possibility of a conflict between the United States and Iran eased, while worries about declining crude demand resurfaced.

U.S. waives tariffs on Japanese aluminum for Tesla battery cells

The U.S. Commerce Department has agreed to Tesla Inc's request to waive 10 percent tariffs on imported aluminum from Japan used in the manufacture of battery cells at Tesla's Nevada Gigafactory, government documents show.

Alphabet commits to data privacy in Toronto smart city master plan

A high-tech smart city project proposed along Toronto's waterfront by Alphabet Inc unit Sidewalk Labs has pledged not to sell advertisers the personal data collected to serve residents and visitors, as part of a 1,500-page master plan released on Monday.

Bitcoin trades above $11,000, after 10% weekend jump

Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin.

Supreme Court allows foul language trademarks in F-word case

(Editor's note: contains language that some readers may find offensive)

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.

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