Icahn’s $500M Caesars-Eldorado earnings saved by real estate investor

A little-known real estate investor helped earn Carl Icahn an estimated half-billion dollars. The $8.5 billion deal to merge casino chain Caesars Entertainment with rival Eldorado Resorts, announced Monday, was falling apart until real estate investor John Payne entered the picture, sources tell The Post. It was the end of May and Eldorado just bid about $10.50 a share to […]

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China Merchants Bank says not involved in any probe related to sanction violations

BEIJING, June 25 (Reuters) – China Merchants Bank said on Tuesday that it complies with related United Nations resolutions and Chinese laws, and is not involved in any investigations related to possible violations of sanctions. The Washington Post reported on Monday that three large Chinese banks could lose their access to the U.S. financial system after a judge found them […]

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China's biggest start-ups ditch Oracle and IBM for home-made tech like PingCap

HONG KONG (BLOOMBERG) – For years, companies like Oracle and International Business Machines invested heavily to build new markets in China for their industry-leading databases. Now, boosted in part by escalating US tensions, one Chinese upstart is stepping in, winning over tech giants, start-ups and financial institutions to its enterprise software. Beijing-based PingCAP already counts more than 300 Chinese customers. […]

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Shoot for the moon; half a century later, the moon is still great for business

NEW YORK — Fifty years after humans first visited, businesses are still trying to make a buck off the moon. Hundreds of millions of people were riveted when Apollo 11 landed on the moon on July 20, 1969. Naturally, marketers jumped at the chance to sell products from cars and televisions, to cereal and a once-obscure powdered drink called Tang. […]

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Beto O'Rourke proposes 'war tax' to fund health care for US vets

Beto O’Rourke, Kirsten Gillibrand are becoming irrelevant: Kennedy FBN’s Kennedy slams 2020 Democratic candidates Kirsten Gillibrand and Beto O’Rourke. Former Texas lawmaker and 2020 Democratic presidential hopeful Beto O’Rourke unveiled a plan to improve care and services for America’s veterans – which includes the implementation of a so-called “war tax.” Continue Reading Below On Monday, O’Rourke called for the creation […]

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TIMELINE-Key dates for Britain's Brexit crisis

LONDON, June 24 (Reuters) – Britain is due to appoint a new prime minister and attempt to renegotiate the terms of its Brexit deal, all before Oct. 31, when it is scheduled to leave the European Union. What are the key dates between now and Brexit day? LEADERSHIP CONTEST The ruling Conservative Party are in the process of selecting a […]

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