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UPDATE 1-US lifts "too big to fail" designation of GE's financing unit
(Adds other firms, dividend payments, background). By Lisa Lambert and Lewis Krauskopf. June 29 Lender GE Capital is no longer "too big to fail" - the U.S.
GE Says Too-Big-to-Fail Exit Puts Stamp of Approval on Overhaul  Bloomberg
DealBook|Shedding 'Too Big to Fail' Label Was Worth $50 Billion to GE  New York Times
Zacks.com  
Wal-Mart offers a free trial of its Amazon Prime-like free shipping program
Wal-Mart Stores Inc. is hoping free shipping with two-day delivery will lure more shoppers to WalMart.com. Wal-Mart, No. 4 in the Internet Retailer 2016 Top 500 Guide, announced today it will offer free 30-day trial memberships to its ShippingPass ...
Walmart Would Really, Really Like You to Buy Some Things on Its Website  Slate Magazine (blog)
Ahead of Amazon Prime Day, Wal-Mart tries to move in  Minneapolis Star Tribune
CIBC to Buy PrivateBanCorp in $3.8 Billion Deal
Canadian Imperial Bank of Commerce, CM -2.15 % in the latest move by a big Canadian bank to bet on the U.S. market for growth, agreed Wednesday to acquire Chicago-based lender PrivateBancorp Inc. PVTB 23.30 % for about $3.8 billion in cash and ...
Canada's CIBC to pay $3.8 billion for PrivateBancorp, expand in US  Reuters
CIBC to Acquire PrivateBancorp, Inc.  PR Newswire (press release)
US Pending Home Sales Fell 3.7% in May
WASHINGTON—A gauge of upcoming home sales slid in May, a possible sign of slowing in the U.S. housing market heading into the summer months.
Pending Home Sales Skid in May  PR Newswire (press release)
US pending home sales drop 3.7 percent in May  Reuters
United Continental Flight Attendant Leaders Endorse Tentative Contract Deal
The elected leaders representing 25,000 flight attendants at United Continental Holdings Inc. UAL 4.78 % unanimously agreed to put a tentative contract agreement to a membership vote later this year, the union said.
Contract for United Airlines Flight Attendants Would Truly Unite Them  New York Times
United Airlines flight-attendant top pay to rise as much as 31 percent  Chicago Tribune
Tiny Company Hits King-Sized Diamond Jackpot
LONDON—When a tiny Canadian company bought a majority stake in an unloved Botswana diamond mine in 2009, almost no one noticed. Seven years later, the Karowe mine is the world's biggest producer of large diamonds, and the company, Lucara ...
World's Largest Uncut Diamond Up for Auction in London  ABC News
Why have so many huge diamonds been found recently?  BBC News
US consumer spending rises, Brexit casts shadow on outlook
WASHINGTON U.S. consumer spending rose for a second straight month in May on increased demand for automobiles and other goods, but there are fears Britain's vote to leave the European Union could hurt confidence and prompt households to cut back ...
US Consumer Spending Rose 0.4%, Showing More Confidence After Slow First Quarter  Wall Street Journal
Consumers bailing out US economy — again  MarketWatch
Did Wall Street witness the 'Brexit' bottom?
Was that the Brexit bottom flashing its green light Tuesday on Wall Street? The stock market's two-day swoon of more than 5%, due to the shock of Britain's vote to exit the European Union, was interrupted Tuesday by a slide-ending 1.8% surge ...
US STOCKS-Wall St cuts some Brexit losses as jitters ease  Daily Mail
Wall Street set for higher open as Brexit grip loosens  Metro.us
Crystal Pepsi Is Returning to Store Shelves
PepsiCo Inc. PEP 0.73 % is trying to tap 1990s nostalgia to give its sagging soda sales a temporary jolt. The snack-and-beverage giant said Wednesday that it is bringing back Crystal Pepsi, the colorless cola that was launched in 1992 with great ...
Crystal Pepsi Is Back and It's 1992 All Over Again  E! Online
Crystal Pepsi Is Officially Making a Comeback  Fortune
Kellogg's chic cereal cafe latest attempt to turn around soggy sales trend
NEW YORK - With sales that have turned soggy, cereal makers are trying to salvage the breakfast bowl's bruised reputation. General Mills reported Wednesday that cereal sales were down 1% for the year.
Kellogg to Open Luxury Cereal Cafe in New York  Zacks.com
A Cereal State Of Mind - Kellogg's� Opens First-Ever Permanent Cafe In NYC  PR Newswire (press release)