Market Panic Subsides as Britain Faces Economic Fears

The entrepreneur argues a “sustainable energy company” comprising the two ventures makes sense, but investors may take some convincing.

Janet Yellen Hints That Fed May Hold Back on Raising Interest Rates
The central bank chairwoman told senators that data on the labor market and the weak pace of investment indicated that domestic demand “might falter.”

Goodbye, Password. Banks Opt to Scan Fingers and Faces Instead.
Frustrated by thieves stealing personal data from millions of customers, banks are investing in biometric technology to offer better security.

Breakingviews: A Departure Leaves SoftBank’s Founder Firmly in Charge
Nikesh Arora, who had been expected to succeed Masayoshi Son as SoftBank’s head, leaves the company, having made some big, bold bets on start-ups.

Deal Professor: Law School a Solid Investment, Despite Pay Discrepancies
Top law school graduates are doing better than ever, but even lower-ranked schools offer good opportunities for their students.

Here’s the Moody’s Economic Report Clinton’s Using to Attack Trump
If all of Donald Trump’s plans were put into effect, the analysts say, the economy would go into a recession by the end of his first term.

Tencent Bids for Gaming Empire in Deal for Developer of Clash of Clans
The Chinese internet giant agreed to pay $8.6 billion agreement for a controlling stake in Supercell, a Finnish game maker.

Hedge Fund Manager Charged With Insider Trading Is Found Dead
Sanjay Valvani, a portfolio manger at Visium Asset Management, was found dead in his home, apparently having committed suicide.

SoftBank President Nikesh Arora Plans to Step Down
The former Google executive disagreed with the Japanese company’s powerful chairman on when he might take over the technology conglomerate.

News: Morning Agenda: Why Uber Keeps Raising Billions
Credit Suisse Chief Contends With Rising Tensions | Caution and Uncertainty Before Britain’s Referendum

Credit Suisse Chief Contends With Rising Tensions, and a Sinking Stock
Tidjane Thiam, known for his brusque manner, informed employees that hedge funds were betting against the bank, which relies on company stock to compensate workers.

DealBook: Why Uber Keeps Raising Billions
An unspoken strategy behind Uber’s aggressive fund-raising may be an effort to starve its rivals of capital.

Uncertainty Over Brexit Vote Damps I.P.O.s in London
Investors have been reluctant to invest in new listings, and several companies have delayed announcing their intention to file until after the vote on Thursday.

Breakingviews: Brexit Vote Spurs Concerns Over Market Liquidity
Some banks and stock exchanges have warned clients that trading conditions could be difficult and volatile.

Raghuram Rajan Says He’ll Step Down as Head of India’s Central Bank
Mr. Rajan, who as governor of the Reserve Bank of India has been popular with investors but faced opposition from India’s ruling party, said he would leave when his term ends in the fall.

Two Abu Dhabi Banks Confirm Discussions on a Merger
A combination of National Bank of Abu Dhabi and First Gulf Bank would create one of the largest banks in the Middle East and Africa.

Donald Shea, Officer Who Captured Infamous Bank Robber, Dies at 90
Mr. Shea arrested Willie Sutton, known as Slick Willie for carrying out robberies in disguise, in a highly publicized 1952 case.

Elliott and Private Equity Firm to Buy Dell’s Software Unit
The buyers are getting a mix of software makers that Dell acquired over the years, including SonicWall and Quest Software.

White Collar Watch: Message to Workers Under Scrutiny: Cooperate or Get Fired
A recent court decision makes it clear that a company under government investigation can fire uncooperative employees with little fear of reprisal.

News: Morning Agenda: Energy Transfer and Williams Near a Reckoning
Goldman Sachs Heads to Main Street | Emails Reveal Bitter Silicon Valley Feud

Stratolaunch’s Gargantuan Flying Launchpad Edges Toward the Skies
The planned airborne launcher — funded by Paul Allen, a Microsoft founder — is more than three-quarters finished, but questions about its business model linger.

Reckoning Near for Merger of Energy Transfer and Williams
Williams shareholders will vote on the merger soon, and on Monday the two companies will go to court to accuse each other of breaching the agreement.

After 147 Years, Goldman Sachs Hangs a Shingle on Main Street
The elite Wall Street institution now sees growth opportunities in catering to the everyday people it has avoided through its history.

Visium to Sell and Liquidate Funds After Insider Trading Charges
The unexpected announcement came two days after federal authorities filed criminal and civil charges against the hedge fund.

IEX Group Gains Approval for Stock Exchange
Opponents of the IEX argued that the structure of the new exchange would add unnecessary new complexities to an already complex stock market.

Angelo Mozilo Will Not Face U.S. Charges for Mortgage Fraud
The Justice Department said it had decided against filing a civil fraud case against Mr. Mozilo, co-founder of Countrywide Financial.

Stay or Go: Why Financial Markets Are Calm and Carrying On Regarding ‘Brexit’
Markets tend to be very efficient, except when they’re not. And those are the times that can be brutal for investors.

Apple iPhone Is Targeted in Beijing Patent Case
A complaint from an obscure Chinese phone maker resulted in a partial iPhone sales ban, though the order has been stayed as Apple appeals.

Breakingviews: Golden Parachute Would Ease Dauman’s Exit From Viacom
If Philippe Dauman were terminated in his battle with Sumner Redstone, he would leave with a pay package worth an astonishing $84 million.

Stay or Go: Why the ‘Brexit’ Warnings Don’t Seem to Be Working in Britain
Gloomy forecasts of pain from a breakup have not resonated with British voters amid a generally sunny economy.

Fair Game: How to Gauge a C.E.O.’s Value? Hint: It’s Not the Share Price
A company’s stock can rocket even as its operations are being run into the ground. But how else to link a chief’s pay to performance?

In Debt: Brexit Could End London’s Reign as Europe’s Financial Hub
The change might mean fewer banks and lawyers in the area. As a result, the reasons to negotiate a workout in London and present it to a British court would decline.

Hacker May Have Taken $50 Million From Cybercurrency Project
The project, known as the Decentralized Autonomous Organization, sent out emergency alerts about Ether, an alternative to Bitcoin.

Deal Professor: Viacom Director Has Uphill Battle in Case Against Redstone
Viacom’s lead independent director, Frederic Salerno, is disputing his dismissal in court, but Sumner Redstone’s National Amusements has the upper hand.

News: Morning Agenda: A Who’s Who of Financiers Expected at Trump Fund-Raiser
Viacom Battle Escalates Again | Microsoft Moves Into the Marijuana Business

An Expensive Law Degree, and No Place to Use It
Thousands of debt-ridden law school graduates highlight a once unthinkable question: should their law schools close?

After MetLife Ruling, Regulators Push Back on ‘Too Big to Fail’ Label
The Financial Stability Oversight Council is appealing a federal judge’s decision to throw out its designation of MetLife as “too big to fail,” calling the judge’s analysis “profoundly mistaken.”

Revlon Is Buying Elizabeth Arden for $419.3 Million
Two cosmetic giants unite in a deal valued at $870 million, including debt, in which Revlon is paying $14 for each Elizabeth Arden share.