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U.S. markets news

Lesedi La Rona Diamond: 2nd-Largest Ever Mined
The Lesedi La Rona diamond is the second-largest diamond discovered in over a century. But it failed to sparkle enough interest from bidders at a June 28 Sotheby's auction in London.
A Real Rock of a Diamond Fails to Sell at Auction  New York Times
Giant diamond fails to sell at auction, trade interested  Reuters  
Education Department Forgives $171 Million in Debt Owed by Former Corinthian ...
WASHINGTON—The Obama administration has agreed to forgive $171 million in student debt held by former students of the defunct Corinthian Colleges Inc., the toll of a for-profit school boom that is likely to grow as the government continues to ...
The collapse of this college has cost taxpayers $170 million so far  MarketWatch
Who got rich off the student debt crisis?  The Denver Channel
Sumner Redstone's illegible signature looms over Viacom drama
Sumner Redstone will almost certainly not be in a Massachusetts courtroom on Thursday when his attorneys and those representing Viacom a group of attorneys convenes for a hearing that may shape the future of his media empire.
Redstone Tells Court: There's No Need To Examine His Competence  Deadline
Redstone's firm accuses Viacom of 'vicious attacks,' urges ...  L.A. Biz
Pact for United Airlines flight attendants would truly unite them
United Airlines and leaders of its flight attendants' union have agreed to a new labor contract that will unify the cabin crews for the first time since United's merger with Continental Airlines more than five years ago.
United Airlines Flight-Attendant Top Pay to Rise as Much as 31%  Bloomberg
United Airlines flight attendants may not be too eager to ratify proposed ...  Chicago Business Journal
Most big US banks pass Fed's stress test, boosting shareholder payouts
NEW YORK/WASHINGTON Nearly all of the largest U.S. banks are on steady enough footing to increase payouts to shareholders, the U.S.
Why Two of Europe's Biggest Banks Can't Pass the Stress Test  American Banker
Fed Stress Tests Clear 31 of 33 Big US Banks for Capital Returns --  Nasdaq
Oil Rises on Tightening Stockpiles, Broad Market Recovery
U.S. oil prices made their largest gains in one session since early April as falling U.S. stockpiles and a broader market rebound sent traders back into crude and many other commodities.
Oil up 4 percent on US crude draw; Brent back above $50  Reuters
Oil Erases Brexit Selloff as U.S. Crude Supplies, Dollar Decline  Bloomberg
CIBC Extends Canada Push Into U.S. With PrivateBancorp Deal
Canadian Imperial Bank of Commerce agreed to buy Chicago-based PrivateBancorp Inc. for $3.8 billion, joining the list of Canadian lenders looking to the U.S.
Canada's CIBC to pay $3.8 billion for PrivateBancorp, expand in US  Reuters
CIBC to Buy PrivateBancorp in Chicago for $3.8 Billion  American Banker
Apollo Global to buy Diamond Resorts for $2.2 billion
Diamond Resorts International Inc (DRII.N) said it agreed to be bought by private equity firm Apollo Global Management LLC (APO.N) for about $2.2 billion.
Apollo Global Makes Tender Offer for Diamond Resorts  24/7 Wall St.
Kellogg's Set To Open Its First Brick-And-Mortar Store: A Cereal Bar In Times ...
The new cafe on Broadway has more than its fair share of yuppie street cred. Its white-painted brick walls are decorated with hand-painted chalkboard art.
Kellogg to Open Luxury Cereal Cafe in New York  Yahoo News
Kellogg's cereal cafe to snap, crackle and pop into Times Square  Reuters
107 Nobel laureates sign letter blasting Greenpeace over GMOs
More than 100 Nobel laureates have signed a letter urging Greenpeace to end its opposition to genetically modified organisms (GMOs).
The red hands of Greenpeace: Column  USA TODAY
More Than 100 Nobel Laureates Call Out Greenpeace For Anti-GMO Obstruction ...  Forbes