8.2 C
New York
Thursday, March 28, 2024

Frontrunning: June 19

Courtesy of ZeroHedge. View original post here.

  • UK PM May says attack on Muslims near mosque is ‘sickening’ (Reuters)
  • Macron Under Pressure to Deliver as French Turnout Plummets (BBG)
  • Market Volatility Has Vanished Around the World (WSJ)
  • Real victory will be in 5 years, says Macron camp after election win (Reuters)
  • Brexit Talks Kick Off in Brussels as May Urged to Soften Stance (BBG)
  • As Brexit Talks Begin, EU’s Chief Negotiator Wants to Remove Uncertainties (WSJ)
  • U.S., Japan Probe Deadly Ship Collision That Left Seven Dead (WSJ)
  • With Whole Foods in the Cart, Amazon Now Faces the Hard Part (WSJ)
  • Kushner Plans Trip to Middle East (WSJ)
  • Boeing launches new jet as Macron opens Paris show (Reuters)
  • Top Tech Executives Head to White House (WSJ)
  • Vote for Goldman: Bankers Try to Ride an Anti-Trump Wave (BBG)
  • Who Can Challenge the Google-Facebook ‘Duopoly’? (WSJ)
  • Moody’s Cuts Ratings on Australia’s Banks on Housing Concern (BBG)
  • Activist Investor Takes 4.3% Stake in Hudson’s Bay (WSJ)
  • In Hamptons House, a Link to Manafort and Jared Kushner’s Dad (BBG)
  • Less Stressful Tests Could Boost U.S. Bank Payouts $30 Billion (BBG)
  • White House Intends to Tap GOP Staffer for FDIC Chair (WSJ)
  • U.S. Drillers Are Hammering OPEC’s Plans (BBG)
  • Oil’s Gloomy Summer Triggers Hedge Fund Doubts on Gasoline (BBG)
  • Why Some Cyberattacks in Health Care Go Unreported (WSJ)
  • Funds With $14 Trillion Have More Room for Emerging Bonds (BBG)
  • Media Companies Are Getting Sick of Facebook (BBG)

Overnight Media Digest

WSJ

– Boeing Co’s commercial airplane boss sees big market potential for a new jetliner the company has been studying but still wants more time before committing billions of dollars to the project. on.wsj.com/2rLJMMP

– Activist investor Land & Buildings Investment Management LLC, which has accumulated a stake of roughly 4.3 percent in Hudson’s Bay Co, said in a letter that is expected to be delivered to the company’s board Monday that its real estate is worth four times the stock price. on.wsj.com/2rM3vvU

– A small autonomous-cars company Cruise Automation owned by General Motors Co is getting into the high-definition mapping business, a move that could help the Detroit auto giant compete with Google and others in the race to develop self-driving vehicles. on.wsj.com/2rLOvxT

FT

UK Financial Conduct Authority is searching for its next chairman after the agency’s inaugural chairman, John Griffith-Jones, confirmed he would step down when his term expires next March.

Chancellor Philip Hammond said on Sunday that the government had “heard a message last week in the general election” — in which the Labour party made unexpected gains with their manifesto that promised to end tough fiscal policies.

J Sainsbury Plc entered into exclusive discussions to buy Nisa for 130 million pounds ($166.05 million) after the convenience store operator considered buyout offers from multiple bidders.

NYT

– YouTube has struggled for years with videos that promote offensive viewpoints but do not necessarily violate the company’s guidelines for removal. Now it is taking a new approach: Bury them. nyti.ms/2rLtN1n

– Mattress maker Casper plans to announce as soon as Monday that it has raised $170 million. The investment is being led by Target, which on Sunday began selling Casper mattresses, pillows, sheets and more in its stores and on its website. nyti.ms/2rL7ybU

– Representatives of Jared Kushner, President Trump’s son-in-law and senior adviser, have quietly contacted high-powered criminal lawyers about potentially representing him in the wide-ranging investigation into Russia’s influence on the 2016 election, according to three people briefed on the matter. nyti.ms/2rLu1p8

Canada

THE GLOBE AND MAIL

** Land and Buildings Investment Management of Stamford has built a stake of almost 4.5 percent in Hudson’s Bay Co and is sending a letter to the retailer seeking a restructuring to take it private or redevelop its real estate assets. tgam.ca/2sJPrbi

** Canada could lead a regional effort to address the crisis in Venezuela, according to sources with knowledge of the diplomatic efforts in the South American country. tgam.ca/2sJxYj9

NATIONAL POST

** Senator Fabian Manning and his wife are suing the House of Commons, the public works department and the Canadian government after the senator slipped on a spill in the Centre Block cafeteria. bit.ly/2sJVMDB

** A panel representing environmentalists, oil companies, aboriginal communities and municipalities has managed to achieve consensus on a set of recommendations to the Alberta government on how to ration greenhouse gas emissions from the oilsands. bit.ly/2sJQ7gU

Britain

The Times

The founding chairman of the Financial Conduct Authority, John Griffith-Jones, is to step down and will not stand for a second term after a four-year stint during which he was criticised over bungled reports. bit.ly/2sgjtlr

Co-op Bank could announce a deal this week that would lead to the struggling lender’s hedge fund owners and the Co-operative Group Ltd agreeing a 700 million pounds ($894.04 million) bailout package, averting a wind down that would leave millions of customers and thousands of pensioners facing uncertainty. bit.ly/2sgltKn

The Guardian

Barclays Plc and a number of its former executives are expected to learn this week whether the Serious Fraud Office intends to bring criminal charges in relation to emergency fundraising at the height of the financial crisis. bit.ly/2sg4GXQ

Lloyds Banking Group Plc is expected to extend the deadline for making compensation offers to victims of the HBOS Reading fraud, as it emerged only one of 64 affected customers has received compensation. bit.ly/2sgrneo

The Telegraph

The corner shop group Nisa is poised to sign an exclusivity agreement with the supermarket giant J Sainsbury Plc which will temporarily bar the mutually owned group from courting other buyers. bit.ly/2sga6C5

A rescue bid from Sanjeev Gupta’s Liberty Industries group which will guarantee jobs at struggling steel business Caparo Merchant Bar could be announced as soon as Monday. bit.ly/2sgk7zn

Sky News

Blackstone Group Lp is buying British flexible office provider The Office Group in a deal will value the privately owned landlord of corporate clients such as Facebook and Santander UK at 500 million pounds, according to insiders. bit.ly/2sgwwDp

The Independent

Prime Minister Theresa May’s post-Brexit plan to slash immigration will have a devastating “double whammy” impact on the British economy, according to the most detailed study of EU nationals to date. ind.pn/2sgfhSP

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,453FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x