Spain Blocks Legal Merger of BBVA and Sabadell for Up to Five Years
The Spanish government said it would approve BBVA's hostile takeover of Banco de Sabadell on condition that the banks temporarily be managed independently and kept legally separate.
----
Krispy Kreme and McDonald's End Partnership
Krispy Kreme and McDonald's jointly decided to end their partnership as of July 2, as the doughnut maker says the costs were unsustainable.
----
Big Banks, Worried About Being Trump's Next Target, Race to Appease Republicans
Texas and Oklahoma have banned some banks from state contracts, saying they discriminate against the gun and fossil-fuel industries.
----
Iberdrola Names U.S. Business Head Pedro Azagra as New Group CEO
The Spanish utility appoints a company veteran at the helm who most recently led its U.S. business Avangrid.
----
Abridge, Whose AI App Takes Notes for Doctors, Valued at $5.3 Billion at Funding
Startup raises $300 million in round led by Andreessen Horowitz, cash that will go to further develop its 'ambient-listening' products, Abridge CEO says.
----
How Visa and Mastercard Can Survive the Stablecoin Threat
Stablecoins' quickest path to consumer wallets may be working with today's players.
----
FedEx Earnings Are Due Today. Why It's a Test for More Than Just the Stock.
The express shipper reports fiscal fourth-quarter numbers Tuesday evening. Investors will be looking 2026 guidance and signs that global growth will accelerate.
----
Insurers 'Under Siege' by Notorious Hacking Group
Scattered Spider, which is suspected to be behind data breaches at Marks & Spencer, Victoria's Secret and other retailers, appears to be setting its sights on insurance companies.
----
Rio Tinto, Hancock to Jointly Invest $1.6 Billion in Hope Downs 2 Project
The world's second-largest miner by market value said the project will include two new pits capable of producing a combined 31 million metric tons of iron ore each year.
----
Amazon to Invest Around $54 Billion in U.K. to Support Innovation, AI Push
The plan includes new facilities as the company looks to expand its warehouse network and AI infrastructure to bulk up its e-commerce and cloud operations.
----
U.K. Regulator Sets Out Proposals to Tackle Google's Status in Search Market
The country's antitrust authority has proposed to designate Google as having strategic market status in general search and search advertising, which could change how the U.S. tech company operates.
----
Qantas Rival Virgin Australia Soars on Stock-Market Return
The airline's relisting comes against the backdrop of an Australian aviation industry reshaped by the hit of the pandemic and the large swings in demand that followed the reopening of international borders.
----
Carnival Reports Earnings Tuesday. Fuel Prices Aren't the Only Problem for Cruise Stocks.
Carnival stock is 5% down in 2025 heading into second-quarter earnings Tuesday. Tariff uncertainty and the impact of the Israel-Iran war will be in focus.
----
$30 Minimum Wage Has L.A. Hotel Owners in Revolt
They are seeking to suspend a city ordinance requiring what union leaders say is the nation's highest minimum wage.
----
U.S. Tells Companies to Prepare for Iranian Cyberattacks
Regulators and government agencies issue warnings to check defenses.
(END) Dow Jones Newswires
June 24, 2025 09:00 ET (13:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.