US auto sales show signs of flattening out after long run up
FILE - In this Thursday, Nov. 5, 2015, file photo, salesperson Andrew Montalvo, left, talks to a customer checking out the interior of a Grand Cherokee Limited in Doral, Fla. On Wednesday, June 1, 2016, major automakers report sales for May. (AP Photo/Alan Diaz, File) The Associated Press By DEE-ANN DURBIN and TOM KRISHER, AP Auto Writers DETROIT (AP) — U.S. car buyers are tapping the brakes. Sales of cars, trucks and SUVs fell 6 percent last month, to 1.54 million, according to AutoD..>> view originalUPDATE 1-Saudi, Iran set to clash over OPEC oil output targets
VIENNA OPEC is set for another showdown between rivals Saudi Arabia and Iran at a meeting on Thursday, with Riyadh trying to revive coordinated action and set a formal oil output target but Tehran rejecting the idea.Tensions between the Sunni-led kingdom and the Shia Islamic Republic have been the highlights of several previous OPEC meetings, including in December 2015 when the group failed to agree on a formal output target for the first time in years.Several OPEC sources said Saudi Arabia an..>> view originalJapan to roll out growth strategy, economists asking for more
TOKYO Japan's government will set out a new growth strategy on Thursday that has already disappointed many economists for lacking the bold structural reforms needed to narrow income disparity and reverse rapid population decline.Aggressive structural reforms are essential to pulling Japan out of decades of malaise, but economists say the flaws in Abe's piecemeal approach are evident in the lack of progress after more than three years of "Abenomics", the name give to his radical mix of monetar..>> view originalDanske Bank Hires Investment Head for $200 Billion Wealth Unit
Danske Bank A/S hired a new director for its wealth management unit as Denmark’s biggest bank steps up its focus on areas outside traditional lending to cope with years of negative interest rates.The Copenhagen-based bank recruited Henrik Gade Jepsen, 53, from ATP, the largest Danish pension fund, to oversee asset management at its wealth unit from Aug. 1.Chief Executive Officer Thomas F. Borgen has underscored his commitment to wealth management as Danske’s home market struggles to increase re..>> view originalMcDonald's eyeing former Harpo Studios site in Chicago for HQ: report
McDonald's may be close to relocating its longtime headquarters from Oak Brook to Chicago's Near West Side, according to a published report.The world's largest hamburger chain is reportedly in negotiations to move to the former site of Oprah Winfrey's Harpo Studios, unnamed sources told Crain's Chicago Business on Wednesday. "We're not going to speculate and when we have information to share it will be with our employees first," McDonald's spokeswoman Becca Hary said in an email.Neither the cit..>> view originalUS to Curb Payday Lenders
WASHINGTON—The Obama administration will announce Thursday the federal government’s first move to regulate high-interest, low-dollar “payday loans,” a $38.5 billion market currently left to the states. The crackdown on the payday industry—largely storefront lenders extending credit to 12 million lower-income households paycheck to paycheck—follows a series of actions by President Barack Obama and his aides to cement a change in the...>> view originalLululemon's Billionaire Founder Slams Company, Saying It Has 'Lost Its Way'
Airbnb Cofounders Join Buffett and Gates' 'Giving Pledge'
Airbnb’s foes have accused the home-sharing platform of exacerbating the housing crisis, allowing illegal hotels to operate on its platform, and, most recently, enabling racial discrimination by its hosts. But the critics can’t claim that Airbnb’s cofounders are unwilling to share their wealth with others. On Wednesday, the cofounders of Airbnb joined the ranks of the Giving Pledge, a select group of billionaires who have committed to give the majority of their wealth away. The four new members..>> view original
Thursday, June 2, 2016
US auto sales show signs of flattening out after long run up and other top stories.
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