Wall Street dips; 2017’s laggards tick up, Apple slips
NEW YORK (Reuters) – Stocks dipped on Wall Street on Monday as a drop in Apple partly offset gains in energy and financial stocks, some of the market’s worst-performing sectors so far this year.
U.S. services, factory data point to moderate economic growth
WASHINGTON (Reuters) – U.S. services sector activity slowed in May as new orders tumbled, but a jump in employment to a near two-year high pointed to sustained labor market strength despite a deceleration in job growth last month.
Homebuilder D.R. Horton offers to buy 75 percent of Forestar for $520 million
(Reuters) – U.S. homebuilder D.R. Horton Inc said on Monday it had offered to buy 75 percent of real estate development company Forestar Group Inc for about $520 million.
Oil falls 1 percent on fears Middle East rift could harm OPEC cuts
NEW YORK (Reuters) – Oil prices fell about 1 percent on Monday on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal to reduce oil production.
Deutsche Bank asks for more time for U.S. query on Trump, Russia: source
FRANKFURT (Reuters) – Germany’s largest bank has asked for more time to respond to a request from Democrats on a U.S. House of Representatives panel for details about U.S. President Donald Trump’s possible ties to Russia, a person familiar with the mat…
GM China sales slip for second month in May as old model phased out
BEIJING (Reuters) – General Motors Co on Monday said its sales in China fell in May for a second consecutive month, as the U.S. automaker phased out its older generation Buick Excelle in the high-volume small sedan segment.
Blackstone offers $2 billion for Finnish real estate firm Sponda
HELSINKI (Reuters) – U.S. private equity group Blackstone Group said on Monday it had offered to buy all shares in Finnish real estate investment company Sponda for about 1.8 billion euros ($2.0 billion) as it seeks to expand its real estate business…
Canada beats U.S. in pork sales to China – feet, elbows and all
WINNIPEG/CHICAGO/BEIJING (Reuters) – Canada has overtaken the United States as the top North American supplier of pork to China as farmers and meat packers in both nations battle for lucrative shares of the biggest global market.
GM shareholders to decide on Greenlight stock plan, board challenge
(Reuters) – Greenlight Capital’s plan to split up General Motors Co’s stock, as well as its challenge to the company’s board of directors, will come to a head on Tuesday, as the U.S. automaker’s shareholders cast their votes on the hedge fund’s propos…
Big oil, small U.S. towns see new reward in old production technique
HOBBS, New Mexico (Reuters) – Amid the frenetic activity of American shale oilfields recovering from a two-year recession sit a handful of oil towns that seemed impervious as many producers went into bankruptcy and the economy around them sank.
