Banco Santander Backs Guidance in Effort to Allay 'Brexit' Concerns 

Banco Santander SA reiterated its financial targets for this year to head off deepening investor anxiety about the effect of "Brexit" on the Spanish bank's profitability.

 
GE Strikes Deals to Sell Most of U.S. Restaurant Finance Assets 

General Electric Co. has struck three agreements to sell the bulk of its U.S. restaurant loan portfolio as the industrial conglomerate continues to unwind its financial arm to focus on high-tech products, like jet engines and power turbines.

 
ZTE's Temporary Sanction Relief Extended 

The U.S. extended the temporary lifting of sanctions on ZTE, as the Chinese maker of telecommunications equipment tries to rebuild its reputation after being accused of trade-rule violations.

 
EgyptAir Investigators Repair One Black Box, Working on Second 

Air accident investigators said they have repaired one of the "black boxes" of EgyptAir Flight 804 which crashed a month ago and would today try to fix the other storage device.

 
Lyft Hires M&A Banker Qatalyst Partners 

Ride-hailing startup Lyft has hired Qatalyst Partners, the boutique investment bank best known for helping tech companies find a buyer, according to people familiar with the matter.

 
Nestlé Taps Schneider as Next CEO 

Nestlé SA said it has tapped Ulf Mark Schneider, chief executive of Fresenius Group, as its new CEO starting Jan. 1.

 
Airbnb Sues San Francisco Over New Law 

Airbnb has sued San Francisco in federal court in an attempt to block its home city's plan to fine the company for unregistered apartment rentals.

(END) Dow Jones Newswires

June 28, 2016 03:09 ET (07:09 GMT)

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