TOP STORIES
BREXIT SHOCKWAVES HIT MARKETS AGAIN
U.S. stocks fell Monday but were off their intraday lows, as the
aftershocks of the U.K.'s vote to leave the European Union
continued to ripple through financial markets.
EU SET TO ISSUE FRESH FORMAL ANTITRUST CHARGES AGAINST GOOGLE
The European Union's competition watchdog has signaled it is
preparing to issue a fresh set of formal antitrust charges,
possibly before August, against Google over abusing its dominance
in advertising, according to people familiar with the matter.
EU CLEARS MARRIOTT'S ACQUISITION OF STARWOOD
The EU unconditionally cleared Marriott International's roughly
$13.6 billion takeover of Starwood Hotels, saying the proposed
merger wouldn't harm competition in the region.
MEDTRONIC TO BUY HEARTWARE FOR $1.1 BILLION
Medtronic said it agreed to acquire HeartWare International for
$1.1 billion, adding more heart-treatment products to the
medical-device maker.
NESTLÉ TAPS SCHNEIDER AS NEXT CEO
Nestlé SA said it has tapped Ulf Mark Schneider, chief executive
of Fresenius Group, as its new CEO starting Jan. 1.
EGYPT SAYS EGYPTAIR FLIGHT 804 BLACK BOXES ARRIVED IN FRANCE
Egyptian officials said the "black boxes" from EgyptAir Flight
804 have arrived in France to undergo repairs as investigators
struggle to figure out why the plane crashed more than a month
ago.
PEPSICO TO REINTRODUCE ASPARTAME- SWEETENED DIET PEPSI
PepsiCo said it would reintroduce the aspartame-sweetened
version of Diet Pepsi in U.S. stores in September, its latest
attempt to halt plunging diet cola sales.
GREENSPAN LAMENTS 'BREXIT' VOTE, PRAISES GOLD STANDARD
Former Federal Reserve Chairman Alan Greenspan said in a radio
interview Monday that the U.K. had made a big mistake voting to
leave the European Union, adding some form of a breakup of the
United Kingdom will likely happen.
WYNN RESORTS DELAYS OPENING OF MACAU RESORT TO AUGUST
Wynn Resorts expects to open its Wynn Palace casino resort in
Macau on Aug. 22, another delay for the $4 billion hotel project in
the Chinese gambling enclave.
U.K.'S OSBORNE TRIES TO REASSURE MARKETS
U.K. Treasury chief George Osborne moved to reassure households,
businesses and financial markets that the U.K. economy remains
resilient, after Britons chose to exit the European Union in a
referendum last week.
DALLAS FED BUSINESS INDEX SHOWS CONTRACTION
The Federal Reserve Bank of Dallas said Tuesday its index of
general business conditions registered at -18.3 this month,
slightly better than the -20.8 reported in May but still deep in
negative territory.
AMERICAN FINANCIAL RAISES OFFER FOR NATIONAL INTERSTATE
American Financial Group raised its offer to buy the remaining
stake it doesn't currently own in National Interstate, sweetening
its takeover offer for the commercial truck insurer by 2.5%.
YELLEN PANEL WITH CARNEY CALLED OFF AFTER 'BREXIT' VOTE
A heavyweight debate in Portugal featuring Federal Reserve Chair
Janet Yellen and Bank of England Governor Mark Carney has been
canceled in the wake of Britain's historic decision to exit the
European Union.
GREEN DOT NAMES JACOBS NEW CHAIRMAN AS EXEC ROLES ARE SPLIT
Green Dot on Monday named William I. Jacobs chairman of its
board, as the financial technology company separated its chairman
and chief executive roles.
U.S. LOOKS TO SMOOTH TRANSITION FOR EU AFTER 'BREXIT'
The U.S. will do everything in its power to smooth the
transition in the EU following Britain's vote to leave the bloc,
Secretary of State John Kerry said as he called on European leaders
to react calmly to the U.K.'s decision.
SKULLCANDY GETS SECOND BUYOUT OFFER
Skullcandy Inc. said private-equity firm Mill Road Capital
Management had taken a nearly 10% stake in the company and made an
unsolicited buyout offer.
'BREXIT' BOOKINGS STRONG BUT FARES LOWER, SAYS RYANAIR
Britain's decision to leave the European Union will weaken
airfares and is causing Ryanair Holdings PLC, Europe's largest
carrier by passengers, to consider shifting growth away from the
U.K., the airline's chief executive said.
DENTSPLY SIRONA TO BUY MIS IMPLANTS
Dentsply Sirona said it agreed to buy dental implant systems
manufacturer MIS Implants Technologies for $375 million.
CHINA RESOURCES ARM AIMS FOR MUSCULAR HONG KONG IPO
China Resources Pharmaceutical Group has filed for an initial
public offering in Hong Kong that could rank it among the biggest
health-care-related deals expected this year in Asia.
NISSAN SUES SOUTH KOREA OVER EMISSIONS-CHEATING ACCUSATIONS
Nissan Motor's South Korean unit has filed a lawsuit over the
Korean's government's claims that the Japanese auto maker rigged
emissions tests on its Qashqai diesel sport-utility vehicles.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Politics and Policy
HIGH COURT VOIDS TEXAS ABORTION REGULATIONS
The Supreme Court voted 5-3 to strike down a Texas law
regulating the state's abortion clinics, finding the rules were an
"undue burden" on a woman's right to terminate her pregnancy.
U.K. News
U.K. PREPARING GROUNDWORK FOR 'BREXIT,' SAYS CAMERON
British Prime Minister David Cameron, in his first address to
Parliament since announcing his intention to resign, said the
government would begin implementing the decision to leave the
European Union.
(END) Dow Jones Newswires
June 27, 2016 13:01 ET (17:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.