Index shifts, Brexit vote could make Friday freaky on Wall Street
NEW YORK (Reuters) – Friday could offer an especially wild ride on Wall Street as traders react to the vote on British membership in the European Union and adjust their portfolios to the annual reconstitution of the widely followed Russell stock indexe…
Boeing defends Iran jet deal as new details emerge
(Reuters) – Boeing Co defended dealings with Iran on Thursday as further details emerged of a draft deal to sell or lease 109 aircraft to the country’s main carrier.
Merrill Lynch to pay $415 million for misusing customer cash: SEC
(Reuters) – Bank of America Corp’s Merrill Lynch brokerage unit will pay $415 million and admit to wrongdoing to settle charges that it misused customer cash, the top U.S. securities regulator said on Thursday.
Jeff Jacobson to take over as Xerox Corp CEO after split
(Reuters) – Xerox Corp said Jeff Jacobson, the president of its technology unit, would take over as chief executive after the company splits its business process outsourcing unit into a separate, publicly listed entity.
Longtime Macy’s CEO Lundgren to step down next year
(Reuters) – Macy’s Inc said Terry Lundgren will step down as CEO next year and be succeeded by former chief merchandising officer, Jeff Gennette, as the department store operator tries to revive sales hit by competition from online and off-price retai…
Behind those Amazon Prime boxes, a bull market in warehouses
NEW YORK (Reuters) – With Amazon and other e-commerce sites continuing to take market share from malls and other physical retailers, U.S. mutual fund managers are upping their bets on an overlooked part of the online shopping boom: warehouses.
Saudi prince aims for Silicon Valley appeal to gleam at home
DUBAI/RIYADH (Reuters) – The powerful young prince behind modernizing reforms in Saudi Arabia presents himself as the champion of his nation’s plugged-in youth, and his visit to Silicon Valley this week sought to bolster that image.
Canadian firms could see civil work from fighter purchase: Boeing
OTTAWA (Reuters) – Planemaker Boeing Co could include civil aviation work opportunities for Canadian firms if the country were to purchase F/A-18E/F Super Hornets to replace its aging fighter jets, company executives said on Thursday.
Deutsche Bank to shut 188 German branches and cut 3000 staff
FRANKFURT (Reuters) – Deutsche Bank confirmed on Thursday it had struck a deal with its works council to shut a quarter of its German branches, slightly fewer than expected, as it cuts costs and revamps retail banking.
U.S. jobless claims, factory data point to firming economy
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell last week to near a 43-year low, suggesting labor market resilience even though hiring slowed sharply in May.
