US STOCKS-Dow set to snap 8-day losing run as oil climbs
* Dow up 0.69 pct, S&P gains 0.40 pct, Nasdaq down 0.13 pct (Updates to early afternoon)
Technology, Media and Telecommunications Headlines
RPT-US second-lien – first choice?
NEW YORK, June 22, 2018 (LPC) - US companies including cell phone insurance provider Asurion and production studio Metro-Goldwyn-Mayer (MGM) are raising second-lien loans rather than cheaper high-yield bonds to take advantage of the flexibility that yield-hungry investors continue to offer.
US second-lien – first choice?
NEW YORK, June 22, 2018 (LPC) - US companies including cell phone insurance provider Asurion and production studio Metro-Goldwyn-Mayer (MGM) are raising second-lien loans rather than cheaper high-yield bonds to take advantage of the flexibility that yield-hungry investors continue to offer.
UPDATE 3-Naspers lines up $8.2 bln war chest to scale up tech ventures
* Naspers targets fintech, food delivery and classified platforms
Share of highly leveraged middle market buyouts climbs
The share of US institutional middle market loans that are classified as highly leveraged has hit a record high as strong investor demand continues to put pressure on midcap lending.
UPDATE 1-Tesla recycling machine catches fire at Fremont, Calif. campus
A machine used for paper recycling caught fire Thursday night at Tesla Inc's Fremont, California, campus, outside the company's car production factory, but manufacturing was not affected, the company said.
UPDATE 1-U.S. unveils new veto threat against WTO rulings
The United States ramped up its challenge to the global trading system on Friday, telling the World Trade Organization that appeals rulings in trade disputes could be vetoed if they took longer than the allowed 90 days.
UPDATE 3-Schlumberger oil services wins in U.S. Supreme Court on patent damages
The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider.
Saudi Arabia denies pirating World Cup broadcast from Qatar
Saudi Arabia has denied accusations of pirating the broadcast of World Cup games for which Qatar-based beIN Sports network holds the regional rights.
French exceptionalism? Bankers, billionaires balk at Macron's elitism
* Macron scrapping barriers to success, has removed wealth tax
Republicans aim to debate immigration bill next week, ignoring Trump plea
WASHINGTON Republican leaders in the U.S. House of Representative still plan to bring an immigration bill up for a vote next week, despite President Donald Trump's urgings on Friday to drop the effort until after November's elections.
