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Thursday, June 29, 2017
Tech leads Wall St. lower; banks rise
NEW YORK (Reuters) - Wall Street fell sharply on Thursday, with the S&P 500 and Dow industrials posting their worst daily drop in about six weeks, as a recent decline in technology shares deepened and outweighed strength in bank shares.
Oil extends gains to sixth day on dip in U.S. output
NEW YORK (Reuters) - Oil futures ended slightly higher on Thursday, extending crude's rally to a sixth straight session after a decline in weekly U.S. crude production temporarily eased concerns about deepening oversupply.
ANZ says seeking to uncover metals fraudsters after big losses
LONDON/MELBOURNE (Reuters) - Australia and New Zealand Banking Group is seeking to uncover who was behind a metals fraud in Asia that cost it "substantial losses" and led to transfers of $151 million to the United States, according to court papers filed in California.
Blue Apron shares make bland debut
(Reuters) - Blue Apron Holdings Inc's shares were up about 1 percent in their market debut on Thursday following the meal-kit delivery company's watered down IPO in the shadow of Amazon.com's deal to buy Whole Foods Market .
Dollar falls, bond yields up as central bank views shift
NEW YORK (Reuters) - The euro rose on Thursday alongside sterling and U.S. bond yields as a slew of hawkish comments from central banks signaled the era of ultra-loose monetary policy is ready to sunset across the Atlantic.
Walgreens scraps Rite Aid merger, will instead buy half its stores
(Reuters) - Drugstore chain Walgreens Boots Alliance Inc scrapped its deal to buy Rite Aid Corp after failing to win antitrust approval, but said it would instead buy nearly half of the smaller rival's U.S. stores for $5.18 billion.
Brazil's JBS should call shareholder meeting by Friday: source
RIO DE JANEIRO (Reuters) - Brazil's JBS SA, the world's largest meatpacker, has until Friday to schedule a shareholder meeting to discuss the possible ousting of the controlling shareholders, the Batista family, from its board, a person close to the discussions said on Thursday.
Shares of big U.S. banks jump on hefty payout plans
(Reuters) - Shares in the biggest U.S. banks rose on Thursday after they revealed buyback and dividend plans that topped analyst expectations after the Federal Reserve approved capital proposals in its annual stress test program.
Billionaire investor Icahn backs off demand for AIG breakup: source
(Reuters) - Billionaire investor Carl Icahn is backing off his demand to break up insurance giant American International Group Inc , following the company's sale of assets and hiring of a new chief executive officer, a person familiar with the matter said.
U.S. first quarter economic growth revised up on jump in consumer spending
WASHINGTON (Reuters) - The U.S. economy slowed less than feared in the first quarter due largely to a jump in consumer spending, providing a slightly more encouraging outlook for growth this year.
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