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Automotive NewsFCA, 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 » -
USA TODAYFiat 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 » -
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 » -
MLive.comDow 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 » -
South African Broadcasting CorporationDistell 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 » -
USA TODAYWhy 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 » -
TechCrunchSalesforce 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 » -
TechCrunchSalesforce 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 » -
Call NewsUnited 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 » -
New York PostHandbag 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 » -
ReutersFed 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 » -
WZZM13.com10 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 » -
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 » -
THE BUSINESS TIMESGerman 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 » -
TechCrunchNokia 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 » -
Wall Street JournalAsian 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 » -
BBC NewsStronger 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 » -
Fox BusinessUnitedHealth 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 » -
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 » -
Wall Street JournalAhold 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 » -
Wall Street JournalOECD 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 » -
San Francisco ChronicleSwiss 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 » -
USA TODAYUPDATE 1-New York regulator says Anbang pulls Fidelity acquisition application
Reuters
... * Fidelity says Anbang working with regulator to secure nod. * Anbang will be able to resubmit application- NY regulator (Adds Fidelity statement, share price reaction). By Suzanne Barlyn. WASHINGTON, May 31 China's Anbang Insurance Group has ...
Delay in Chinese Conglomerate's Deal for US InsurerNew York Times
Anbang Withdraws Application for NY Approval of Insurance DealWall Street Journal
FGL Falls After Anbang Withdraws N.Y. Request to Buy InsurerBloomberg USA TODAY -Financial Times -RTT News all 10 news articles » -
ReutersLocked in low gear, Asia's factories slog against weak demand
Reuters
BEIJING/TOKYO Factory activity in Asia failed to speed up in May as the region's export-driven businesses struggled for new orders in a slow global economy, surveys released on Wednesday showed. Output in China, the world's second largest economy, ...
Asia shares wobble as oil slip dampens sentiment, dollar stallsThe Fiscal Times
Asia stocks sag as oil slip dampens sentiment, dollar stallsYahoo News
FTSE LIVE: Footsie falls in tandem with weak US and Asian markets on easier oil prices after dull China factory dataThis is Money Daily Mail -Market Exclusive all 10 news articles »
GM, Ford U.S. Sales in May Fall More Than Analysts Estimated - Bloomberg
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Bloomberg
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 May
UPDATE 1-May US auto sales seen down on 2 fewer selling days than year ago
Ford's sales drop 6% in May
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