Money & Finance

MarketWatch US construction spending posts largest drop in more than five years Reuters WASHINGTON, June 1 U.S. construction spending recorded its biggest decline in more than five years in April as outlays fell broadly, which could prompt economists to lower their second-quarter growth estimates. Construction spending tumbled 1.8 percent ... US construction spending tumbled in AprilCharlotte Observer Construction spending plunges 1.8% in AprilMarketWatch all 5 news articles » Google

New York Times Wall St. Drops on Signs of Weakness in China New York Times United States markets were broadly lower in early trading on Wednesday as traders were discouraged by more signs of weakness in China's economy. KEEPING SCORE The Dow Jones industrial average fell 0.55 percent and the Standard & Poor's ... Stocks start June in the redUSA TODAY Markets Right Now: US stocks open broadly lowerWashington Post all 5 news articles » Google

Bloomberg GM, Ford U.S. Sales in May Fall More Than Analysts Estimated Bloomberg General Motors Co. and Ford Motor Co. U.S. vehicle sales fell more than analysts had estimated in May, raising questions about stalling consumer demand. GM sales plunged 18 percent, missing estimates for a 13 percent drop, with all four brands ... GM's US sales plunge 18% in MayUSA TODAY UPDATE 1-May US auto sales seen down on 2 fewer selling days than year agoReuters Ford's sales drop 6% in MayMLive.com StreetInsider.com -Nasdaq -Morningstar.com -Seeking Alpha all 11 news articles » Google

Automotive News FCA, behind Jeep, keeps sales streak alive; GM and Ford fall Automotive News Numbers in this table are calculated by Automotive News based on actual monthly sales reported by the manufacturers and may differ from numbers reported elsewhere. Source: Automotive News Data Center Note: *Estimate **Ferrari split off from Fiat ... and more » Google

USA TODAY Fiat Chrysler Posts Surprise Increase on Jeep, Minivan Demand Bloomberg Fiat Chrysler Automobiles NV's U.S. deliveries rose 1.1 percent in May, surprising analysts, who projected declines for all major automakers compared with strong results a year earlier, which had two more sales days. Ford Motor Co.'s sales declined ... Fiat Chrysler sales up 1% in May as industry sales dipDetroit Free Press Fiat Chrysler rides Jeep to May sales increaseUSA TODAY UPDATE 1-May US auto sales seen down on 2 fewer selling days than year agoReuters U.S. News & World Report -eMarketsDaily -Wall Street 24 -NYSE Journal (press release) all 23 news articles » Google

Nissan recalls nearly 80000 SUVs for brake light problem Washington Post DETROIT — Nissan is recalling nearly 80,000 Pathfinder SUVs in the U.S. because the brake lights can stay on even when the driver isn't stopping. The recall covers Pathfinders from 2013 and 2014. The company traced the problem to a brake light switch ... and more » Google

MLive.com Dow announces completion of Dow Corning takeover MLive.com MIDLAND, MI — The Dow Chemical Co. now is the 100 percent owner of Dow Corning's silicones business, a transaction company officials have called "highly synergistic." Dow officials Wednesday, June 1, announced the successful completion of the ... Dow Chemical completes restructuring of Dow Corning unitWashington Post Corning (GLW) Says Dow Corning Ownership Restructuring Completed; Increases Shareholder Capital Allocation ...StreetInsider.com Day one of the new Dow Corning: Chairman talks changes, goals, jobsMidland Daily News Yahoo Finance UK -Virtual-Strategy Magazine -MLive.com all 10 news articles » Google

South African Broadcasting Corporation Distell top investor awaits SABMiller response to stake sale demand Reuters JOHANNESBURG, June 1 Distell's main shareholder Remgro said it would act in the best interests of its own shareholders and those of the South African drinks company in response to the enforced sale of fellow investor SABMiller's stake. South Africa's ... AB InBev-SABMiller deal set to gain US approval - BloombergDaily Mail UPDATE: AB InBev (BUD)/SABMiller Said Near Approval in US - BloombergStreetInsider.com Altria: Megabrew Deal DetailsSeeking Alpha The Drinks Business -STLtoday.com -BeverageDaily.com -Yahoo News all 57 news articles » Google

USA TODAY Why today's stock volatility shouldn't scare retirees USA TODAY Stock prices seem increasingly volatile. So much so that those saving for and those living in retirement are becoming increasingly fearful of putting their life savings at risk in markets that fall and rise as they have this year. But a study that ... and more » Google

TechCrunch Salesforce buys Demandware for $2.8B, taking a big step into e-commerce TechCrunch Salesforce made its name originally with cloud-based software to help salespeople manage their leads and close deals; and today the company took a big step into the business of sales themselves. Today the company announced that it would spend $2.8 ... Salesforce to Buy E-Commerce Platform Demandware for $2.8 BillionWall Street Journal Salesforce to buy Demandware for about $2.8 billionReuters Salesforce Buys Demandware in $2.8B Cash DealTheStreet.com VentureBeat -Fortune -ZDNet -Investorplace.com all 51 news articles » Google

TechCrunch Salesforce buys Demandware for $2.8B, taking a big step into e-commerce TechCrunch Salesforce made its name originally with cloud-based software to help salespeople manage their leads and close deals; and today the company took a big step into the business of sales themselves. Today the company announced that it would spend $2.8 ... Salesforce Signs Definitive Agreement to Acquire DemandwarePR Newswire (press release) Salesforce to buy Demandware for about $2.8 billionReuters Salesforce to buy Demandware in a $2.8 billion cash dealMorningstar.com StreetInsider.com all 10 news articles » Google

Call News United Airlines Plane Lands Safely in Newark, NJ After Panels Come Off Mid-Flight ABC News A United Airlines flight landed safely at Newark Liberty International Airport in New Jersey after several interior panels fell down in mid-flight. The problem occurred on United flight 557, a Boeing 767, on its way from Houston, Tuesday. There were ... United Airlines announces more free foodLos Angeles Times United Airline plane's ceiling panels collapse during rough landingDaily Mail Ceiling Panels Collapse as Plane Landing at Newark Bounces on Runway, Then Takes off Again: PassengerNBC New York New Jersey 101.5 FM Radio -WABC-TV -Examiner.com all 8 news articles » Google

New York Post Handbag maker Michael Kors' sales rise 10.9 pct Reuters June 1 Michael Kors Holdings Ltd's quarterly revenue rose 10.9 percent as demand increased for its handbags and accessories in the Americas, its biggest market. However, the net income attributable to the company fell to $177 million, or 98 cents per ... Wall Street is about to deliver Michael Kors some bad newsNew York Post Earnings Scheduled For June 1, 2016Benzinga Michael Kors Holdings Limited Announces Fourth Quarter and Annual Fiscal 2016 ResultsDigital Journal New Zealand Herald -TheStreet.com -The Point Review -Zacks.com all 35 news articles » Google

Reuters Fed records show dozens of cybersecurity breaches Reuters WASHINGTON The U.S. Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as "espionage," according to Fed records. The central bank's staff suspected hackers or spies in many of the ... More Than 50 Computer Breaches Reportedly at Fed From 2011 to 2015Wall Street Journal Fed records show over 50 cybersecurity breaches: reportThe Hill all 3 news articles » Google

WZZM13.com 10 stocks outshine June gloom WZZM13.com June isn't known for shining on investors very brightly - it's actually a pretty dismal month. But there are a few stocks that bust through all the June gloom and reward investors for sticking with the market instead of heading to the beach. There are ... and more » Google

Germany backs plan to create nuclear exit fund MarketWatch FRANKFURT--The German government has backed recommendations by a special commission to set up a fund to finance the country's exit from nuclear energy, the Economics Ministry said Wednesday. The ministry said the government will draft a law to ... and more » Google

THE BUSINESS TIMES German Cabinet approves new anti-terrorism measures U.S. News & World Report BERLIN (AP) — Germany's interior minister says Chancellor Angela Merkel's Cabinet has approved a package of new measures to help fight terrorism. Thomas de Maiziere told reporters Wednesday that one key feature of the proposals, which will have to be ... Germany backs plan to create nuclear exit fundMarketWatch Germany agrees to plug nuclear liability loopholeeuronews Reports: Germany plans to slow speed of renewables rolloutBusiness Green The Daily Star -The Guardian -Moscow-Pullman Daily News all 12 news articles » Google

TechCrunch Nokia completes $190M acquisition of Withings health gadget maker TechCrunch Back in April Nokia announced it was buying health and fitness focused gadget maker Withings for €170 million (~$190M). At the time it was expecting the acquisition to close in Q3 but it has now confirmed the close of the transaction ahead of schedule. Nokia seals deal to buy Withings, opening up new digital health businessZDNet It's official: Nokia owns WithingsCNET Nokia completes Withings acquisition, will reveal its digital health plans next weekThe Verge TheStreet.com -Nasdaq -Android Headlines -iMedicalApps all 33 news articles » Google

Wall Street Journal Asian Markets Stumble Despite Positive Data From China, Australia Wall Street Journal Major stock benchmarks fell in Asia Wednesday as decent economic data out of China and Australia had investors dialing back expectations for monetary stimulus, while in Japan, the market snapped five straight sessions of gains. The Nikkei Stock Average ... Factories stuck in low gear on sluggish demandReuters Five Things You Need to Know to Start Your DayBloomberg Weak Chinese PMI data knocks US futuresCNBC Newsmax -Yahoo News -Seeking Alpha -International Business Times all 1 news articles » Google

BBC News Stronger yen weighs on Nikkei BBC News A five-session winning streak for Japan's Nikkei came to an end as shares were hit by the yen strengthening against the dollar. Japan's benchmark Nikkei 225 index finished down 279.25 points, or 1.6%, at 16,955.73. The dollar fell to below 110 yen. Currency Manipulation By The United States Is Alive And WellSeeking Alpha Why the G7 May Be Hastening Helicopter Money – Scott MinerdValueWalk For Stocks, Bonds, and Commodities, Dollar Strength Remains the KeyEquities.com ETF Trends -The Globe and Mail (subscription) -Wall Street Journal -TheBull.com.au all 88 news articles » Google

Fox Business UnitedHealth to Leave California's ACA Exchange Fox Business UnitedHealth told brokers that it has filed paperwork to offer plans in just six states' health-law marketplaces next year, providing the most complete picture so far of its previously announced widespread withdrawal. Continue Reading Below. The ... UnitedHealth to stop selling Obamacare coverage in CaliforniaLos Angeles Times UnitedHealthcare to drop California's exchangeMinneapolis Star Tribune all 10 news articles » Google

Consumer spending rises 1% NWAOnline WASHINGTON -- Consumers pulled their wallets out of winter hibernation in April, increasing their spending at the fastest pace in nearly seven years in a sign that the economy is growing solidly again this spring. Personal consumption expenditures grew ... and more » Google

Wall Street Journal Ahold Earnings Benefit From Increased Sales and Cost-Savings Wall Street Journal AMSTERDAM—Dutch supermarket operator Royal Ahold AHONY -0.17 % NV, on the verge of completing a merger with Belgium's Delhaize Group, DEG 0.31 % Wednesday reported improved first-quarter earnings, reflecting an increase in sales and ... Stop & Shop Owner Ahold Beats 1Q EstimatesTheStreet.com Online sales push up profit at Dutch-based retailer AholdPress of Atlantic City Ahold profit up 13% on sales rise, cost savingsMarketWatch DutchNews.nl -Nasdaq -Daily Mail -ESM - The European Supermarket Magazine all 11 news articles » Google

Wall Street Journal OECD Warns of Faltering Economic Growth, Cuts Forecasts Wall Street Journal PARIS—The world's economy is ensnared in weak growth and vulnerable to falling into another deep downturn unless governments take urgent action, the Organization for Economic Cooperation and Development said Wednesday. Releasing its semiannual ... Governments must boost spending to escape "low-growth trap" - OECDReuters OECD Chief Gurria Says World Recovery Failing to Pick Up in 2016Bloomberg 'Act now or risk another deep downturn,' OECD warnsCNBC Yahoo News -Telegraph.co.uk -ABC News -The Guardian all 13 news articles » Google

San Francisco Chronicle Swiss inaugurate $12 billion rail tunnel, world's longest San Francisco Chronicle ... - FILE - In this June 16, 2009 file photo minors watch the tunnel drilling machine "Gabi" breaking through the last section of the AlpTransit "New Railway Link through the Alps" (NRLA) tunnel between Erstfeld and Amsteg, Switzerland. The ... World's longest and deepest rail tunnel to open in SwitzerlandBBC News World's longest rail tunnel set for grand openingYahoo News Gotthard Base Tunnel: World's longest and deepest rail tunnel opens in SwitzerlandDaily News & Analysis Evening Standard -The Local.ch -swissinfo.ch -BBC News all 62 news articles » Google