Cheap credit not fuelling German real estate bubble for now- central banker
AIX-EN-PROVENCE, France (Reuters) – Cheap credit is for now not fuelling a destabilizing real-estate bubble in Germany but the central bank is closely watching the market, Bundesbank vice president Claudia Buch said on Saturday.
China’s FAW to recall 680,000 more Mazda cars over faulty Takata airbags
BEIJING (Reuters) – China’s FAW Car Co Ltd, a partner of Japan’s Mazda Motor Corp , will recall over 680,000 Mazda cars due to issues with air bags that were supplied by embattled Japanese auto parts supplier Takata Corp .
Tesla April registrations drop in key California market
SAN FRANCISCO (Reuters) – Registrations of Tesla Inc vehicles in California, by far the largest market of the luxury electric car maker, fell 24 percent in April from a year ago, according to data from IHS Markit.
Solid jobs report to keep Fed in ‘hike-once-a-quarter mindset’: Gundlach
NEW YORK (Reuters) – Solid payroll figures in June should keep the U.S. Federal Reserve in a “hike-once-a-quarter mindset,” said influential bond manager Jeffrey Gundlach, chief executive of DoubleLine Capital, on Friday.
Lockheed awarded $5.6 billion interim payment for F-35 jets: Pentagon
WASHINGTON (Reuters) – Lockheed Martin Corp was awarded an interim payment of $5.6 billion to help finance the construction of the 11th batch of 141 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Friday.
Apple challenges Imagination Technologies’ disclosure timing
(Reuters) – Apple Inc on Friday disputed the timeline of events leading up the disclosure by Imagination Technologies Group Plc that Apple plans to drop the graphics chip supplier, a loss of the UK company’s largest customer that sent shares plummeti…
U.S. banks face variety of risks, financial performance strong: regulator
WASHINGTON (Reuters) – Many of the major risks U.S. banks face lay beyond their control, according to a review released by banking’s top federal regulator on Friday that found the sector’s financial performance remains strong.
Exclusive: Elliott explores bid to challenge Buffett’s Oncor deal – sources
(Reuters) – Elliott Management Corp, the largest creditor of the bankrupt parent of Oncor Electric Delivery Co, is exploring putting together a bid for the Texas power transmission company that would top Warren Buffett’s $9 billion all-cash deal, peopl…
Tech’s market leadership over? Not so fast
NEW YORK (Reuters) – Technology shares surrendered their leadership in the U.S. stock market over the past month, but the fast-growing group may soon resume its outperformance and maneuver back into pole position.
Sears to close 43 more stores to cut costs
CHICAGO (Reuters) – Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie Lampert said on Friday.
