News
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Flutter Entertainment Says Fanduel To Remove $0.50 Fee If State Reverses Decision
June 10 (Reuters) - Flutter Entertainment PLC FLTRF.L:FLUTTER RESPONSE TO ILLINOIS TRANSACTION FEEFLUTTER ENTERTAINMENT PLC - FANDUEL TO INTRODUCE $0.50 DEAL FEE IN ILLINOIS FROM SEPT 1, 2025FLUTTER ENTERTAINMENT PLC - FANDUEL TO REMOVE $0.50 FEE IF STATE REVERSES DECISIONReuters
Tue, Jun 10
Former Expedia CEO Peter Kern to buy Italian lingerie company La Perla
ROME, June 10 (Reuters) - Peter Kern, the former chief executive of U.S. travel technology company Expedia, will buy troubled Italian luxury lingerie company La Perla, Italy's industry minister said on Tuesday.Kern, through his luxury holding LLC, has submitted the best offer for the firm, Indus...Reuters
Tue, Jun 10
ADVISORY-Alerts incorrectly tagged to SEM Holdings withdrawn
June 10 (Reuters) - Alerts on PHINIA PHIN.N announcing the acquisition of Swedish Electromagnet Invest AB (SEM) were incorrectly tagged to Hong-Kong based SEM Holdings 9929.HK, an unrelated company, and have been withdrawn. For the correct set of alerts, click nFWN3SC0TV. STORY_NUMBER:nTUA2CPNP7STO...Reuters
Tue, Jun 10
U.S. Debt Default Sounding Alarm! CBO: Government Funds Depleted, "X-Date" Could Arrive by Mid-August!
TradingKey - On Monday, June 9th, the Congressional Budget Office (CBO) announced that if the debt ceiling remains unchanged, the U.S. government's ability to borrow through "extraordinary measures" might be depleted between mid-August and the end of September.TradingKey
Tue, Jun 10
Citi expects banking, trading results to climb despite US tariff "anxiety"
By Tatiana Bautzer and Arasu Kannagi BasilNEW YORK, June 10 (Reuters) - Citigroup's C.N head of banking Viswas Raghavan said on Tuesday that performance in its banking and trading divisions will improve this quarter despite "anxiety" over U.S. tariffs.Banking fees will increase by a mid-...Reuters
Tue, Jun 10
Paramount to lay off 3.5% of US staff in latest job cut, memo shows
June 10 (Reuters) - Paramount Global is laying off 3.5% of its U.S. staff in the latest round of job cuts as the company grapples with a decline in cable TV subscribers, according to an internal memo seen by Reuters.The layoff was communicated to its staff on Tuesday morning and it could affect some...Reuters
Tue, Jun 10
EXPLAINER-The new US-backed Gaza aid plan and why the UN does not like it
By Michelle Nichols and Emma Farge UNITED NATIONS/GENEVA, June 10(Reuters) - An organization backed by Israel and the United States began distributing food packages in Gaza at the end of May, overseeing a new model of aid distribution which the United Nations rejects as inadequate, dangerous and ...Reuters
Tue, Jun 10
Atlassian competitor Linear raises funding at $1.25-billion valuation
By Anna TongSAN FRANCISCO, June 10 (Reuters) - Enterprise software maker Linear has raised an $82 million Series C funding round valuing the startup at $1.25 billion, the company said on Tuesday.Venture capital fund Accel led the round, with participation from existing investors 01A and Sequoia, and...Reuters
Tue, Jun 10
RPT-BREAKINGVIEWS-Taxing US-bound funding chomps the hands that feed
By Gabriel Rubin WASHINGTON, June 9 (Reuters Breakingviews) - Does Donald Trump want overseas companies to manufacture products in the United States or not? Clashing policy measures make it hard to tell.The U.S. president likes nothing more than a splashy announcement about a major investment. Th...Reuters
Tue, Jun 10
RPT-BREAKINGVIEWS-WBD boss David Zaslav reprises Elmer Fudd act
By Jennifer Saba NEW YORK, June 9 (Reuters Breakingviews) - David Zaslav’s acquisition hunt backfired as badly as Elmer Fudd’s rabbit quest. The Warner Bros Discovery WBD.O boss is now unbundling his $60 billion spending spree that first bought Scripps Networks Interactive and then the owner of ...Reuters
Tue, Jun 10
Warner Bros Discovery Says HBO Max Will Launch Direct-To-Consumer In Multiple New Countries This July
June 10 (Reuters) - Warner Bros Discovery Inc WBD.O:WARNER BROS DISCOVERY INC: HBO MAX WILL LAUNCH DIRECT-TO-CONSUMER IN MULTIPLE NEW COUNTRIES THIS JULY - WEBSITEWARNER BROS DISCOVERY INC - ADDITIONAL DIRECT-TO-CONSUMER LAUNCHES FOR HBO MAX PLANNED IN 2025 AND INTO 2026Source text: [ID:]Reuters
Tue, Jun 10
Colombian senator Uribe remains in critical condition after shooting, hospital says
BOGOTA, June 10 (Reuters) - Colombian Senator Miguel Uribe, a potential presidential contender, remains in critical condition but stable after being shot in Bogota on Saturday, the hospital treating him said on Tuesday."We continue to take the necessary actions to mitigate the impact of the inju...Reuters
Tue, Jun 10
United Natural Foods & Key Food Stores Co-Operative Terminate Supply Agreement
June 10 (Reuters) - United Natural Foods Inc UNFI.N:CO AND KEY FOOD TERMINATE SUPPLY AGREEMENT - SEC FILINGTO DISCONTINUE ALLENTOWN DISTRIBUTION CENTER - SEC FILINGAGREEMENT WILL TERMINATE ON OR AROUND SEPTEMBER 20, 2025- SEC FILINGSource text: [ID:n0001020859-25-000024]Reuters
Tue, Jun 10
PRESS DIGEST-Canada - June 10
June 10 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Canadian Real estate developer Peter Gilgan plans to start a home-building factory in the Toronto area, the billi...Reuters
Tue, Jun 10
Recursion to lay off 20% of workforce amid biotech funding woes
By Mariam SunnyJune 10 (Reuters) - Recursion Pharmaceuticals RXRX.O said on Tuesday it would lay off about 20% of its workforce as the biotech company tries to cope with an industry-wide funding crunch and the current policy uncertainty.The biotech firm had about 800 employees as of December 31, 202...Reuters
Tue, Jun 10
