TOP STORIES 
 
DOW INDUSTRIALS PLUNGE ON 'BREXIT' 

Britain's vote to leave the European Union battered the British pound and sent stocks in Europe and Asia tumbling. The Dow Industrials closed down 611.21 points.

U.K. REJECTS EUROPEAN UNION 

Britons' startling vote to leave the European Union rattled financial markets and threatened to weaken an already strained continent, instantly reshaping Britain's political scene as Prime Minister David Cameron, who led the Remain effort, announced he would step down.

COMPANIES SCRAMBLE TO ASSESS VOTE'S IMPACT 

Corporate executives scrambled to assess the fallout from the U.K. vote, with some saying the move would put a chill on investment and deal-making and others vowing to stay the course.

ENERGY TRANSFER CAN ESCAPE WILLIAMS TAKEOVER, JUDGE RULES 

Energy Transfer Equity can escape its deal to buy rival pipeline operator Williams Cos. after a judge rules that its fears of an unexpected tax bill were genuine.

'BREXIT' VOTE LEADS TO FRANTIC DAY FOR TRADING DESKS, WITH CHILL SEEN AHEAD 

For big banks' trading desks, the day after Britain's vote to exit the European Union was exceedingly busy and at times painful. Soon, the concern could be the potential calm after the storm.

CENTRAL BANKS TRY TO CALM NERVES 

The world's central banks moved to calm financial markets in the wake of the U.K.'s decision to exit the EU, pledging to provide cash to banks and deploy all the tools in their arsenals to safeguard the stability of the financial system.

GLOBAL FINANCIAL REGULATORS MONITOR 'BREXIT' FALLOUT 

U.S. and global financial regulators reacted cautiously to the U.K. vote to leave the European Union and vowed to take steps to ensure financial stability, if they become necessary.

STEVEN COHEN'S DEPUTY QUITS TO RUN BOSS'S NEW HEDGE FUND 

Perry Boyle, a deputy to the former SAC Capital chief, will move to Stamford Harbor Capital as it prepares to potentially manage outside money in January 2018. Cohen last January agreed to a two-year ban on supervising a registered fund.

UNITED, ATTENDANT UNION NEGOTIATORS REACH TENTATIVE CONTRACT DEAL 

The Association of Flight Attendants union said that its negotiators reached agreement with United Continental on a tentative collective bargaining agreement.

NO BIDS FOR SPORTS AUTHORITY CHAIN 

The deadline for bids on Sports Authority has passed without an offer from rival Modell's Sporting Goods and British retailer Sports Direct International, people familiar with the matter said Friday.

U.S. DURABLE-GOODS ORDERS FELL 2.2% IN MAY 

American businesses were pulling back on purchases of new equipment even before the U.K. vote to exit the European Union rocked global financial markets, a sign of corporate caution that will likely continue to act as a brake on the economy.

U.S. CONSUMERS LESS OPTIMISTIC IN JUNE 

U.S. consumers grew less optimistic in June-with the University of Michigan consumer sentiment index falling to 93.5 from May's 94.7- suggesting spending could slow in the next year.

HENKEL HOPES TO CLEAN UP IN U.S. WITH SUN PRODUCTS BUY 

Germany's Henkel is to buy Sun Products of the U.S. in a $3.5 billion deal to bolster its share of the market for laundry-care products and fabric-conditioners in North America.

SEC ACCUSES 'FRACK MASTER' OF DEFRAUDING INVESTORS 

The Securities and Exchange Commission on Friday accused Chris Faulkner, referred to as the "Frack Master" in his online profile, of defrauding investors in his oil-and-gas company out of $80 million.

YOUTUBE WILL SOON LET YOU STREAM LIVE VIDEO FROM YOUR PHONE 

YouTube will soon let people use its mobile app to broadcast live, joining Facebook and Twitter in the video rush.

QUALCOMM SUES ALIBABA-BACKED SMARTPHONE MAKER 

Qualcomm is suing Meizu Technology, a Chinese smartphone maker backed by Alibaba Group Holding, in the latest patent-infringement case involving technology companies.

CHINESE COMPANY DEFENDS CASE AGAINST APPLE 

The lawyer for a Chinese company that won a patent ruling against Apple Inc. said his client has no intention of affecting either the U.S. tech giant's product sales or reputation.

SKULLCANDY AGREES TO BE ACQUIRED BY INCIPIO 

Headphones maker Skullcandy agreed to be acquired by consumer-technology provider Incipio for $177 million.

OBAMA: U.S. RESPECTS U.K. 'BREXIT' VOTE 

President Barack Obama said the U.S. respects Britain's decision to leave the European Union, an outcome he had personally campaigned against during a trip to London in April.

CANADA TO CONTINUE WORKING WITH U.K., EU AFTER 'BREXIT' VOTE 

Canadian Prime Minister Justin Trudeau on Friday said his country would continue to build relations with both the U.K. and the European Union after the U.K. voted to leave the economic and political bloc.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
U.K. News 
BRITAIN ENTERS UNCHARTED WATERS 
 

Voters didn't just decide in Thursday's referendum to quit the European Union, they also delivered a comprehensive repudiation of the country's entire establishment.

 
U.K. News 
BRITAIN FIRES A SHOT HEARD 'ROUND THE WORLD 
 

To their many critics at home and abroad, the 17.4 million people who voted to take Britain out of the European Union on Thursday represent a curiously, and mostly contemptible, British stereotype, writes Gerard Baker.

(END) Dow Jones Newswires

June 24, 2016 17:04 ET (21:04 GMT)