Market Panic Subsides as Britain Faces Economic Fears

Vote Leave campaign leader, Boris Johnson, leaves his home in London, Britain June 27, 2016. REUTERS/Neil Hall

Here is the latest Company News from The New York Times.

News: Morning Agenda: Market Panic Subsides as Britain Faces Economic Fears
Volkswagen to Settle Diesel Claims in U.S. | Lyft is Said to Hire Qatalyst

Asian Markets Move Toward Stability After ‘Brexit’ Turbulence
Japanese stocks were rising for a second straight day on Tuesday and the pound edged up from the three-decade low of Monday.

Emigrant Savings Bank Discriminated Against Minorities, Brooklyn Jury Says
A federal jury found that the bank had targeted minority homeowners with low credit scores, marketing subprime mortgages to them from 2005 to 2009.

Justices Decline to Hear Case Limiting Debt Collectors
The Supreme Court declined to review a 2015 ruling by the U.S. Court of Appeals for the Second Circuit, limiting debt collectors to state usury laws.

DealBook: ‘Brexit’ Doesn’t Mean Game Over, but It May Be Just the First Domino
Yes, Britain’s economy is likely to suffer in the near term, but the most dire effects of the country’s split from the E.U. may be felt on the Continent.

Williams Appeals Delaware Decision to End Pipeline Merger
Williams Companies shareholders voted in favor of a merger with Energy Transfer Equity, opening the way for Williams to file its appeal.

Economic Panic Rising, Britain Hopes to Stay in E.U. Market
Leaders on both sides of the “Brexit” debate signaled that they wanted continued access to the free-trade zone, though the European Union may have other ideas.

Economic Trends: ‘Brexit’ Is Locking In the Forces That Already Haunt the Global Economy
Those forces have self-reinforcing, vicious-cycle dimensions that make it a perilous time for the world’s economies.

Breakingviews: Bad Behavior Is Exposed as the Shale-Oil Market Shrinks
The S.E.C. claims that the oilman Chris Faulkner inflated his shale companies’ prospects to attract cash, then blew $80 million of investors’ money.

Brexit Casts Uncertainty on Art Market
It is predicted that fewer pieces will come to market in Britain because of the weakened pound, but experts maintain that art will persevere as an asset class.

White Collar Watch: RJR Nabisco Ruling Bolsters Justice Dept.’s Pursuit of FIFA
A RICO case against FIFA, the international soccer organization, can move forward without concern that the charges might not be a permissible use of federal law.

Fractures From ‘Brexit’ Vote Spread Into Opposition Labour Party
Internal criticism of the leader, Jeremy Corbyn, led to his firing the shadow foreign secretary, and at least 11 other members of the party’s cabinet resigned.

Volkswagen Faces Long Road Ahead, Even After a Civil Settlement
A broad settlement that is expected to dwarf all previous deals is taking shape, but the Justice Department is still investigating criminal charges.

With ‘Brexit,’ Washington’s Direct Line to the Continent Suddenly Frays
Officials say no country shares the United States’ worldview quite the way Britain does in terms of security, intelligence and trade.

Thrive Market, an Online Grocer, Raises $111 Million
The round of financing for the start-up, which aims to provide healthy, organic food at low prices, was led by the investment firm Invus.

Despite Leaders’ Assurances, ‘Brexit’ Leaves Markets Nervous
The British chancellor of the Exchequer and Japan’s prime minister both sought to calm investors, but European and American markets continued their falls.

News: Morning Agenda: Markets Shaky As Political Chaos Continues in the Wake of ‘Brexit’
In Private Equity’s Hands, Public Services and Housing in Disarray

After ‘Brexit,’ a Splitting Hangover for the City of London
It’s an uncertain new day for financial professionals in Britain, many of whom see ‘Brexit’ leaving hard-won clout behind.

Bottom Line Nation | Part 2: How Housing’s New Players Spiraled Into Banks’ Old Mistakes
Some private equity firms that came in as the cleanup crew for the housing crisis are now repeating errors that banks committed, while others are bypassing the working poor.

Central Banks Worry About Engaging World Markets After ‘Brexit’
Some economists warn that the policies largely favored by the banks could further alienate the public and increase the frustration that encouraged Britons to vote for leaving the European Union.

‘Brexit’ Surprised Hedge Fund Managers Used to Picking Winners
George Soros, Leon Cooperman and other top investors confidently predicted that Britain would remain in the E.U. Now they’re proceeding with caution.

Inside Wealth: Billionaire Lists Are Battling to Feed a Hunger for Rankings
A lucrative industry has grown up to measure and rank billionaires, and companies’ often wildly varying lists show how contentious valuations can be.

A Primer on Private Equity
Private equity firms, once known as corporate raiders, are now huge, influential and everywhere in everyday American life. This is how they work.

How Britain’s Breakup With the E.U. Could Reshape World Markets
The global consequences of the so-called Brexit are unclear, but analysts hope that changes made since the financial crisis will moderate the damage.

For America, ‘Brexit’ May Be a Warning of Globalization’s Limits
Britain’s vote to leave the E.U. may not bring recession to the U.S., but it could mark the end of a period of economic integration and open markets.

Bottom Line Nation | Part 1: When You Dial 911 and Wall Street Answers
Since the 2008 financial crisis, private equity firms have increasingly taken over public services like emergency care and firefighting, often with dire effects.

Deal Professor: Hearing Shows Little Is Known on Who Controls Viacom
A routine hearing showed just how little is known about the dual-class stock structure at National Amusements.

Market Reaction: How ‘Brexit’ Will Affect the Global Economy, Now and Later
Stock market declines aren’t too worrying, but a recession is a major risk in Britain and something of a risk in the rest of Europe and the U.S.

Fair Game: Countrywide Mortgage Devastation Lingers as Ex-Chief Moves On
The government has closed the books on its inquiry into Angelo Mozilo, the former leader of Countrywide, but the company’s deeds have had long-lasting impact.

Signs Suggest Warnings of Brexit Upheaval Could Prove True
Some companies are rethinking operations in Britain and, shares of British property companies have plunged in the face of recession fears.

Energy Transfer Wins Ruling on Escaping Williams Deal
A Delaware judge decided that a $38 billion merger of two pipeline giants could be abandoned over a discovery that it might not be tax-free.

Breakingviews: The Psychological Impact of Britain’s Vote
The repercussions of Britain’s decision will affect trade and capital flows as companies and investors rethink the country’s long-term stability.

Aftershock: ‘Brexit’ Hits U.S. Stock Market Harder Than an Election
The sharp fall as of Friday morning reflected both the surprise factor and the economic implications for the United States.

News: Morning Agenda: Britain Votes to Leave E.U.
| Britain has voted to leave the European Union, stunning the world with a historic decision that will reshape its place in the world, rattle the Continent and rock political establishments throughout the West, Steven Erlanger reports in The New York Times. Prime Minister David Cameron, who led the campaign to remain in the bloc, […]

Market Turmoil: What to Watch for in Trading After Shock of ‘Brexit’
Among other things, this will be a test of whether the banking overhauls introduced after the 2008 crash are equal to the challenges ahead.

Britain Votes to Leave E.U.; Cameron Plans to Step Down

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