Money & Finance

Bloomberg Great Plains Agrees to Buy Utility Westar for $8.6 Billion Bloomberg Great Plains Energy Inc. agreed to buy Westar Energy Inc., the biggest utility in Kansas, for $8.6 billion as power companies across the U.S., facing weak demand and rising operational costs, look to consolidate. Great Plains will pay $51/share in cash ... Great Plains Energy (GXP) to Acquire Westar Energy (WR) in $12.2B DealStreetInsider.com UPDATE 1-Regulated power company Great Plains to buy Westar for $8.6 blnReuters CompaniesGreat Plains Energy to buy US rival WestarFinancial Times Franklin Independent -Share Trading News all 14 news articles » Google

Yahoo Finance This coffee white space is a multi-billion dollar opportunity for Starbucks Yahoo Finance Addressing the issue of climate change at his annual shareholder meeting, Warren Buffett said he doesn't agree that climate change is the most pressing issue facing the Earth. However, he does want to reduce our dependence on oil out of a fear that we ... Starbucks releases two new iced beverages to keep you cool this summerMashable Starbucks to Seize Multi-Billion Dollar Cold Coffee MarketBusiness Wire (press release) Starbucks Nitro Cold Brew Is Coming This Summer, And It's Unlike Anything You've Tried BeforeBustle whnt.com -RTT News all 9 news articles » Google

Toronto Star Scotiabank Profit Falls 12% on Restructuring Costs for Job Cuts Bloomberg Bank of Nova Scotia said fiscal second-quarter profit fell 12 percent after recording restructuring charges from job cuts and its shift toward digital banking. Net income for the period ended April 30 slid to C$1.58 billion ($1.21 billion), or C$1.23 a ... UPDATE 1-Scotiabank lifts provision for bad loans by 40 percentReuters Scotiabank sees 2nd quarter profit fall after restructuring charge (biz)CTV News The Bank Of Nova Scotia Reports 4% Gain In Q2 EarningsRTT News Let Me Know About This -Toronto Star -The Wall Street Transcript -The Point Review all 20 news articles » Google

USA TODAY June risks could cause 'summer of shocks' USA TODAY Wall Street is eyeing markets in June with suspicion and trepidation as traders monitor a number of potential shocks that could derail stocks this summer. Investors are on high alert even though the Dow Jones industrial average is coming off its best ... and more » Google

The Bank Of Nova Scotia Reports 4% Gain In Q2 Earnings RTT News The Bank Of Nova Scotia (BNS.TO) reported earnings for its second quarter that increased from last year. The company said its bottom line totaled C$1.86 billion, or $1.46 per share. This was higher than C$1.79 billion, or $1.42 per share, in last year ... and more » Google

Malta Independent Online Malta with third best unemployment rate in EU; Euro area unemployment at 10.2% Malta Independent Online The euro area (EA19) seasonally-adjusted unemployment rate was 10.2% in April 2016, stable compared with March 2016, and down from 11.0% in April 2015. This is the lowest rate recorded in the euro area since August 2011. The EU28 unemployment ... and more » Google

European Pharmaceutical Review Jazz Pharmaceuticals Agrees to Buy Celator for About $1.5 Billion Wall Street Journal Jazz Pharmaceuticals JAZZ -0.45 % PLC agreed to buy Celator Pharmaceuticals Inc. CPXX 0.17 % in a roughly $1.5 billion deal that represents a huge premium for a company with a promising leukemia drug but no revenue. In confirming earlier news of the ... After holiday weekend rumors, Jazz confirms $1.5B buyout of tiny CelatorFierceBiotech Jazz Pharmaceuticals to Buy Celator for $1.5 BillionNew York Times MarketsIreland-registered Jazz Pharma buys Celator for $1.5bnFinancial Times TheStreet.com -RTT News -euronews -Yahoo Finance UK all 14 news articles » Google

Telegraph.co.uk Euro-Area Inflation Rate Remains Negative as ECB Ponders Outlook Bloomberg Euro-area consumer prices failed to increase for a fourth consecutive month, highlighting policy makers' struggle to stoke inflation despite multiple rounds of stimulus. Prices fell 0.1 percent in May from a year earlier, the European Union's ... Eurozone Remains in DeflationWall Street Journal Euro zone corporate lending inches up, M3 slows sharplyReuters Eurozone Inflation Remains Negative in MayNew York Times CNBC -TheStreet.com -Telegraph.co.uk -Irish Independent all 67 news articles » Google

Detroit Free Press RTA ready to reveal blueprint for moving metro Detroiters Detroit Free Press The Regional Transit Authority of Southeast Michigan says a truly regional public transportation system for the Detroit area will cost the average homeowner about $95 per year. The RTA will officially unveil its long-awaited master plan today at ... Regional Transit Authority will seek $2.9 billion millage in November for buses, railCrain's Detroit Business Tax push for $4.6B Detroit area transit plan beginsThe Detroit News Tax proposed for Detroit-to-Ann Arbor rail and other regional transit plansMLive.com WDIV Detroit all 11 news articles » Google

Reuters Shares set for monthly gains, dollar buoyed by Fed outlook Reuters LONDON Global shares steadied at one-month highs on Tuesday, on track for a third straight month of gain, while the dollar held strong near two-month peaks on expectations the U.S. interest rates could rise next month. European shares were lower in ... Asia shares firm but set for monthly lossStreetInsider.com Asia shares firm but set for near two percent monthly losseuronews Gold Heads For Biggest Monthly Decline In 6 MonthsNDTV Businessinsider India -Daily Mail -BusinessTech -THE BUSINESS TIMES all 12 news articles » Google

Financial Express German unemployment rate falls to record low in May Reuters BERLIN German unemployment fell more than expected in May and the jobless rate sank to its lowest level in more than 25 years, boosting expectations that private consumption will continue to drive growth in Europe's biggest economy this year. Italian Unemployment Rate Climbs Back to Highest Since JuneBloomberg Germany's unemployment rate hits record lowMarketWatch EU unemployment rate hits seven-year low – business liveThe Guardian Washington Post -The Fiscal Times -The Japan Times -BBC News all 26 news articles » Google

Bloomberg German Unemployment Rate Falls to Record Low Before ECB Meeting Bloomberg German unemployment declined more than economists estimated, pushing the jobless rate to the lowest level since reunification. The number of people out of work fell by a seasonally adjusted 11,000 to 2.695 million in May, data from the Federal Labor ... German unemployment rate falls to record low in MayReuters German unemployment down to 6 percent in MayWashington Post FTSE 100 hits one-month high after Chinese stocks rallyTelegraph.co.uk Irish Times -Investing.com -Peninsula On-line all 10 news articles » Google

International Business Times Fire At India's Biggest Army Ammunition Depot Kills At Least 17 In Maharashtra, Death Toll Likely To Rise International Business Times Mumbai fire Fire at India's Central Ammunition Depot in Maharashtra has been brought under control Tuesday. In this unrelated photo, Indian rescue teams gather at the site of an explosion and fire that destroyed a chemical plant in Mumbai, May 26, 2016. Indian Soldiers Killed in Army Ammunition Depot FireWall Street Journal (blog) Huge Fire Breaks Out in Indian Arms Depot, 17 Feared DeadNewsweek 17 reportedly killed in India army ammunitions depot fireStars and Stripes Appeal-Democrat -Firstpost -Irish Independent -Reuters all 115 news articles » Google

euronews VW Profit Rises 3.4% as Carmaker Plans Diesel-Crisis Rebound Bloomberg Volkswagen AG's profit rose 3.4 percent in the first quarter, the first time the carmaker hasn't set aside billions of euros in provisions since admitting in September to rigging vehicles to pass emissions tests. Operating profit climbed to 3.44 ... Net Profit Down 19 Pct at Scandal-Hit VW in 1st QuarterNew York Times Volkswagen profit tumbles as sales fallBBC News Volkswagen AG (VOW) To Report Q1 2016 Earnings; Revenue Expected To Drop 1.8%International Business Times Daily Mail all 7 news articles » Google

euronews Nestle Buys Rights to Milk-Allergy Test From French Company DBV Bloomberg Nestle SA agreed to pay DBV Technologies SA, a French developer of therapeutic skin patches, as much as 100 million euros ($110 million) for the right to sell an experimental test to detect milk allergy, the most common food allergy in children. Nestle ... Nestle, on health kick, moves into milk allergy testingBusiness Insider Nestlé to pay up to €100m for rights to baby allergy testing kitFinancial Times DBV Technologies: "This is our First and most Significant Partnership signed"Labiotech.eu (blog) Virtual-Strategy Magazine all 5 news articles » Google

Southeast Missourian Uber, Lyft: Failure of Missouri bill makes growth unlikely Southeast Missourian Ryan Murphy and Lindsey Jones look for the Uber they requested on May 6 on 4th Street in Austin, Texas. Uber and Lyft suspended service in Austin on May 9. Stephen Spillman ~ American Statesman via AP. JEFFERSON CITY, Mo. -- Missouri lawmakers ... and more » Google

Olive Garden shutters in Palo Alto Palo Alto Online (blog) The restaurant at 2515 El Camino Real closed on May 21, days before the Palo Alto City Council would approve a proposal to demolish the restaurant and replace it with a mixed-use development featuring offices, condominiums and retail space. and more » Google

Reuters Asia shares firm but set for monthly loss Reuters TOKYO/SINGAPORE Asian shares recovered from a wobbly start on Tuesday, but remained on track for a monthly loss, while the dollar edged away from recent peaks scaled on expectations the U.S. Federal Reserve will raise interest rates as soon as next ... Gold inches up but on track for biggest monthly fall since NovDaily Mail all 12 news articles » Google

Bloomberg Asian Stocks Pare Monthly Drop on Fed Optimism; Dollar Retreats Bloomberg Asian stocks extended gains, trimming their worst month since February amid optimism the global economy is strong enough to withstand a boost to U.S. borrowing costs that may come as early as June. The dollar retreated versus major peers, paring its ... China Stocks Soar on MSCI SpeculationWall Street Journal A-shares: coming to an index product near youGlobalCapital Stock Exchanges Tighten Rules on Trading Halts Ahead of MSCI ReviewCaixin Media Economic Times -The Korea Herald -Economic Calendar -pulse all 20 news articles » Google

Reuters Dollar supported by US rate view, Aussie jumps Reuters TOKYO The dollar hovered near its highest level in two months against a basket of currencies on Tuesday on growing expectations of an imminent U.S. interest rate hike, while the Australian dollar jumped on surprising strong local economic data. The ... Asian stocks mostly higher; Nikkei up 0.5%, but ASX down 0.4% as energy fallsCNBC Japan Stocks Rise Amid Thin Trading After Aso Comments on TaxBloomberg Nikkei rises in choppy trade, event risks temper moodDaily Mail Seeking Alpha -The Fiscal Times -Citywire.co.uk -Times of India all 47 news articles » Google

WaterWorld Engineers to present new data on Flint water quality Washington Times FLINT, Mich. (AP) - A Virginia Tech professor who helped uncover the lead contamination of drinking water in Flint, Michigan, is preparing to release data that he says will show the water's condition is getting better. Marc Edwards has scheduled a news ... Cost to replace Flint's lead pipes doublesWaterWorld VIDEO: What Life Is Like in Flint, Michigan, 3 Years Into the Water CrisisAbccolumbia.com all 6 news articles » Google

The Star Online FOREX-Dollar broadly supported by Yellen, yen bounces on Japan data Reuters ... * Dollar index near 2-month high after Yellen fans rate hike hopes. * Yen gains slightly after Japan output data. By Hideyuki Sano. TOKYO, May 31 The dollar held firm on Tuesday, staying near its highest level in two months against a basket of ... There Could Be 13% Upside For The USD/JPYSeeking Alpha Dollar up on Fed rate hike bets, at one-month high vs yenThe Fiscal Times Forex - Aussie up on housing, private sector credit, yen retraces gainsInvesting.com Nasdaq -Daily Sabah -Stock Transcript -MarketPulse (blog) all 23 news articles » Google

Bloomberg Oil Set for Longest Run of Gains in 5 Years Before OPEC Meeting Bloomberg Oil is set for the longest run of monthly gains in five years as output disruptions from Nigeria to Canada reduce supply before OPEC meets Thursday in Vienna to discuss production policy. Futures were little changed in New York from the Friday close ... US oil prices rise on start of summer driving seasonReuters Questions About New Saudi Energy Minister Likely to Dominate OPEC MeetingWall Street Journal Oil prices little changed as OPEC meeting nearsMarketWatch Washington Post -Market Realist -The Dickinson Press -CNBC all 119 news articles » Google

PBS NewsHour Hulk Hogan, media ethics and the battling Internet moguls PBS NewsHour When Hulk Hogan won $140 million in court from millionaire Nick Denton's Gawker Media after it published video of him having sex, the verdict raised serious questions about journalistic ethics. Hogan's suit was funded by Peter Thiel, the billionaire ... and more » Google

Reuters Fed, China fears force investors to check out of Asia Reuters SINGAPORE Having dumped Asian shares on resurgent worries about China's economy, the specter of more aggressive U.S. interest rate rises is now forcing global investors to sell the region's bonds and currencies. A net $3.2 billion left Asian equity ... Fed Outlook Hits Bonds to Emerging-Market Currencies; Oil ClimbsBloomberg Asia may offer food for hawksFinancial Times Markets raise betting on Fed hikes, Yellen remarks hit Asia FXEconomic Times Yahoo Finance UK -Macau Daily Times all 10 news articles » Google