Business

Fertitta-owned firm to buy Caesars Entertainment in nearly $18 billion leisure push

Thursday, May 28 by SRN News

May 28 (Reuters) - Caesars Entertainment said on Thursday it will be bought out by Tilman Fertitta-owned firm in a $17.6 billion deal, as the hospitality billionaire looks to expand his leisure empire. The deal, which will take one of the Las Vegas Strip's most... Read More.

Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion

Thursday, May 28 by SRN News

Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas' Golden Nugget and chains like Rainforest Cafe and Morton's. Caesars became an iconic name after the opening of Caesar's Palace on the Las Vegas Strip in 1966.... Read More.

Chinese online retailer Temu hit with $232 million fine over unsafe toys and electronics

Thursday, May 28 by SRN News

LONDON (AP) - Temu was hit with a 200 million euro ($232 million) fine Thursday after a European Union investigation found the Chinese online retailer failed to protect consumers from illegal products like toxic or hazardous toys and unsafe electronics. The 27-nation EU's fine... Read More.

Dollar likely to weaken over long-term due to U.S. fiscal dynamics, JPMorgan Asset Management exec says

Thursday, May 28 by SRN News

LONDON, May 28 (Reuters) - The dollar will likely weaken over the long-term given concerns over elevated U.S. debt levels, the EMEA CEO of JPMorgan Asset Management said on Thursday. The dollar, the world's No.1 reserve currency, has risen roughly 1.8% since the start... Read More.

Australia’s ABC names Reuters executive Robinson as news director

Thursday, May 28 by SRN News

SYDNEY, May 28 (Reuters) - The Australian Broadcasting Corporation has appointed a senior Reuters executive, Simon Robinson, as its director of news and current affairs, the two news organisations said on Thursday. Robinson, now executive editor at Reuters, will start with the Australian public broadcaster... Read More.

Japan banks battle to secure deposits as savers chase market highs

Thursday, May 28 by SRN News

By Miho Uranaka and Anton Bridge TOKYO, May 28 (Reuters) - Japanese banks are, in a historic shift, competing to shore up their deposit base as lending opportunities grow and consumers, seeking to beat inflation, shift their savings into a booming stock market. While banks had... Read More.

Boeing CEO says 200-jet China deal an ‘initial tranche’ with more to come

Thursday, May 28 by SRN News

By Julie Zhu and Anne Marie Roantree HONG KONG, May 28 (Reuters) - China's commitment to buy 200 Boeing jets during a recent visit by U.S. President Donald Trump will be firmed up later this year and is only an "initial tranche" of a potentially... Read More.

Wealthy families cut dollar exposure, survey finds

Thursday, May 28 by SRN News

ZURICH, May 28 (Reuters) - The world's richest families are trimming exposure to the U.S. dollar as geopolitical tensions and rising sovereign debt drive a broader rethink of portfolio risk, UBS said in a report published on Thursday. About two-thirds of... Read More.

KKR to open Milan office as U.S. private equity giant deepens Italy push

Thursday, May 28 by SRN News

ROME, May 28 (Reuters) - KKR & Co said on Thursday it would open an office in Milan as the U.S. private equity firm looks to expand its presence in Italy after significant investments in the telecoms and energy sectors. Over the past two... Read More.

Australia launches record $1.4B lawsuit against 3M over ‘forever chemicals’ at defense bases

Thursday, May 28 by SRN News

MELBOURNE, Australia (AP) - Australia is suing U.S. conglomerate 3M for more than 2 billion Australian dollars ($1.4 billion) over so-called "forever chemical" contamination from firefighting foam at defense bases. the government said on Thursday. The government's largest-ever claim for compensation relates to contamination with... Read More.

Current Weather

Fertitta-owned firm to buy Caesars Entertainment in nearly $18 billion leisure push

Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion

Chinese online retailer Temu hit with $232 million fine over unsafe toys and electronics

Dollar likely to weaken over long-term due to U.S. fiscal dynamics, JPMorgan Asset Management exec says

Australia’s ABC names Reuters executive Robinson as news director

Japan banks battle to secure deposits as savers chase market highs

Boeing CEO says 200-jet China deal an ‘initial tranche’ with more to come

Wealthy families cut dollar exposure, survey finds

KKR to open Milan office as U.S. private equity giant deepens Italy push

Australia launches record $1.4B lawsuit against 3M over ‘forever chemicals’ at defense bases

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