Norway wealth fund allowed to invest again in Walmart, Rio Tinto, others

Norway wealth fund allowed to invest again in Walmart, Rio Tinto, others
OSLO (Reuters) – Norway’s $1 trillion wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund’s investments on ethical grounds were revoked, the board of the central bank said on Tuesday. The fund can also resume investing in Grupo Carso of Mexico, U.S. listed General Dynamics and Canada’s Nutrien, the board added... Read More

Carrefour boss rules out exiting more countries after China deal

Carrefour boss rules out exiting more countries after China deal
FILE PHOTO: A Carrefour logo is seen on a Carrefour Hypermarket store in Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – Carrefour boss Alexandre Bompard said he had no plans to exit other countries after the French supermarket retailer agreed to sell a majority stake in its Chinese operations to electronics retailer Suning.com. “China was a very... Read More

U.S. tariffs on China-made consumer tech goods seen cutting sales, delaying upgrades

U.S. tariffs on China-made consumer tech goods seen cutting sales, delaying upgrades
WASHINGTON (Reuters) – U.S. consumers will delay or forgo technology upgrades if President Donald Trump imposes a new round of 25% tariffs on Chinese goods, slowing the U.S. innovation engine, technology industry executives said on Monday. FILE PHOTO: A worker cycles past containers outside a logistics center near Tianjin Port, in northern China, May 16, 2019. REUTERS/Jason Lee Trump’s administration... Read More

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

Bitcoin trades above $11,000, after 10% weekend jump
LONDON/NEW YORK (Reuters) – 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. The original cryptocurrency hit $11,247.62 on the Bitstamp exchange late on Sunday, its highest since March last year. It later pulled back,... Read More

Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy

Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy
(Reuters) – 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. FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, is... Read More

Amazon’s new beauty store for professionals pose a threat to beauty retailers

Amazon’s new beauty store for professionals pose a threat to beauty retailers
FILE PHOTO: The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo (Reuters) – Amazon.com Inc on Monday unveiled its online professional beauty store to sell supplies to licensed professional stylists, barbers and estheticians, weighing on shares of other beauty retailers. It would sell a wide range of brands from Wella... Read More

Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources

Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources
LONDON/MILAN (Reuters) – Italy’s UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said. FILE PHOTO: A Commerzbank logo is pictured before the bank’s annual news conference in Frankfurt, Germany, February 9, 2017. REUTERS/Ralph Orlowski/File... Read More

JetBlue sues Walmart for trademark infringement over Jetblack service

JetBlue sues Walmart for trademark infringement over Jetblack service
FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File Photo NEW YORK (Reuters) – JetBlue Airways Corp has sued Walmart Inc for trademark infringement, after the world’s largest retailer began using the name Jetblack for its text-based personal shopping service. In a complaint filed on Friday night in Manhattan... Read More

Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion

Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion
(Reuters) – Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on competition from larger companies such as Las Vegas Sands and Wynn Resorts. FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, is the centerpiece... Read More

Eldorado Resorts to merge with Caesars Entertainment in $17.3 billion deal

Eldorado Resorts to merge with Caesars Entertainment in $17.3 billion deal
FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, is the centerpiece of the $550 million Linq project, a retail, dining and entertainment district by Caesars Entertainment Corp, in seen in Las Vegas, Nevada April 9, 2014. REUTERS/Las Vegas Sun/Steve Marcus/File Photo (Reuters) – U.S. casino operator Eldorado Resorts Inc has agreed to... Read More