Monday 19 June 2017

Reuters Business Today: June 19, 2017

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Monday, June 19, 2017
Wall St. hits record highs on strong technology, health stocks
NEW YORK (Reuters) - U.S. stocks rose on Monday, with the S&P 500 and the Dow hitting record highs with growth sectors such as technology in favor again as investors appeared to regain confidence in the economy after upbeat comments from Federal Reserve officials.
Tech CEOs meet with U.S. officials ahead of Trump talks
WASHINGTON (Reuters) - Major U.S. technology company chief executives sat down with White House senior adviser Jared Kushner and other top Trump administration officials on Monday before meeting with the president on cutting government waste and improving information technology services.
U.S. bank investors hope Fed stress test results lead to big payouts
(Reuters) - Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial strength.
Boeing launches new jet with flurry of orders
PARIS (Reuters) - Boeing unveiled a new version of its bestselling 737 aircraft on Monday, injecting life into a faltering civil aviation market as French President Emmanuel Macron flew in to open the world's biggest air show in Paris.
U.S. to seek to block DraftKings, FanDuel fantasy sports merger
WASHINGTON (Reuters) - The U.S. Federal Trade Commission said on Monday it will seek to stop the merger of DraftKings and FanDuel, because the combined company would control more than 90 percent of the U.S. market for paid daily fantasy sports contests.
Blue Apron launches IPO roadshow under shadow of Amazon's Whole Foods deal
(Reuters) - Blue Apron Holdings Inc began marketing an initial public offering (IPO) on Monday, as an already competitive meal-kit industry faces a potential threat from Amazon.com Inc's plan to buy Whole Foods Market Inc .
Judge wants more details on ex-drug executive Shkreli's finances
(Reuters) - Former drug company executive Martin Shkreli should reveal more about his finances if he wants his $5 million bail cut to $2 million, a Brooklyn federal judge said Monday, a week before Shkreli is set to face trial on securities fraud charges.
Whole Foods shares keep rising in bidding war speculation
(Reuters) - Whole Foods Market Inc shares added to their gains on Monday after Amazon.com Inc announced plans last week to buy the upscale grocer, with investors betting that rivals could step in to create a bidding war.
Supreme Court again limits where companies can be sued
WASHINGTON (Reuters) - The Supreme Court on Monday slapped limits on where injury lawsuits may be filed for the second time in three weeks, again siding with businesses that want to prevent plaintiffs from "shopping" for friendly courts for their cases.
Former JPMorgan trader Iksil links CEO Dimon to 'London Whale' losses
(Reuters) - Bruno Iksil, the former JPMorgan Chase & Co trader at the center of the "London Whale" trading scandal, has accused the Wall Street bank's Chief Executive James Dimon of laying the ground for the $6.2 billion loss.
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