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U.S. markets news

Rent still soaring but should moderate soon
Apartment rents are still surging but some relief is in sight. Average U.S. rent rose 0.4% in May, matching the record high, according to Consumer Price Index data released this month.
D-FW apartment building booms with more than 50000 units on the way  Dallas Morning News
MF Demand Rebounds in Q2  GlobeSt.com
Digital Journal  
Brexit fallout begins as Vodafone warns it could move headquarters out of UK
Image: Vodafone. Vodafone, the telecoms giant and one of Britain's biggest tech firms, may move its headquarters out of the UK following the country's vote to leave the EU.
The Latest: Britain's beleaguered political leaders face off  Chicago Daily Herald
Brexit: Vodafone, British telecom giant, could move HQ outside of U.K.  UPI.com
US home prices climb in April; 7 cities set new records
This Tuesday, May 24, 2016, photo shows a home for sale in Andover, Mass. On Tuesday, June 28, 2016, the Standard & Poor's/Case-Shiller 20-city home price index for April is released.
Cleveland house-price growth holds steady, Case-Shiller report shows ...  cleveland.com
Metro Atlanta home prices rise more than U.S. average  Atlanta Journal Constitution
Novartis picks up bispecific antibodies from Xencor
Novartis has signed a collaboration and licensing deal with California biotech Xencor for access to its bispecific antibody technology and rights to develop and commercialise two of the latter's flagship experimental therapeutics.
Xencor Announces Strategic Collaboration for Bispecific Programs, including ...  PR Newswire (press release)
Xencor signs cancer-drug deal with Novartis; its stock surges 32%  Los Angeles Times
Toyota recalls 1.4 million cars over faulty airbags
Toyota is recalling more than 1.4 million cars worldwide over faulty airbags - the recall affects 2010-2012 hybrid Prius and Lexus CT200h cars.
Toyota recalls 1.43 million cars in new air bag alert  Irish Examiner
Deals of the day- Mergers and acquisitions
June 29 The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: ** Energy Transfer Equity LP (ETE) said on Wednesday that it had terminated its merger agreement with Williams Cos Inc after ETE's counsel were ...
Energy Transfer Equity Calls Off Williams Merger  Wall Street Journal
Energy Transfer Equity Calls Off Deal for Williams Companies  New York Times
Wal-Mart Deal With JD.com Includes Incentives for Retailer to Raise Stake
HONG KONG— Wal-Mart Stores Inc. WMT 0.01 % 's recent deal to buy a 5% stake in China's second-biggest e-commerce company includes terms that could motivate the U.S.
Ahead of Amazon's Prime Day, Wal-Mart tries to move in  Press of Atlantic City
Ahead of Amazon Prime Day, Wal-Mart tries to move in  Houston Chronicle
Kellogg's is opening a restaurant that charges more than $7 for a bowl of cereal
On July 4, the cereal company is opening its first-ever restaurant: Kellogg's NYC, a trendy, New York City caf´┐Ż. The menu, crafted by Milkbar's Christina Tosi, is filled with unexpected items such as Rice Krispies with green tea powder and ice cream ...
Kellogg''s To Open New Cereal Cafe In Times Square  Nasdaq
New Restaurant Serves Only Cereal -- but With a Flair  Money Talks News (blog)
McKesson Sets Plans For Venture -- WSJ
Health-care giant McKesson Corp. on Tuesday said it plans to form a health-care information-technology joint venture that it expects to take public later in an initial public offering.
McKesson to Explore Strategic Alternatives for Enterprise Information Solutions  Business Wire (press release)
McKesson, Change Healthcare combining IT businesses into new, $3.4B company  MedCity News
CIBC to Buy PrivateBancorp in Deal Valued at $3.8 Billion
Canadian Imperial Bank of Commerce agreed to buy PrivateBancorp Inc. for $3.8 billion to gain a U.S. commercial banking platform in the biggest transaction ever for Canada's fifth-largest lender.
Canada's CIBC to buy US-based PrivateBancorp in $3.8 billion deal  Reuters
CIBC to Buy PrivateBanCorp in $3.8 Billion Deal  Wall Street Journal