Caterpillar global dealer machinery monthly sales slip yet again
(Reuters) – Caterpillar Inc said on Monday that its global retail sales declined 12 percent for the three months ended May as a long global slowdown in the construction and mining sectors continued to weigh on the heavy equipment maker’s core markets….
Ackman releases new Herbalife video; stock climbs
BOSTON (Reuters) – Billionaire investor William Ackman revved up his campaign against Herbalife on Monday as investors await the outcome of a U.S. Federal Trade Commission (FTC) probe into the business practices of the nutritional supplements maker.
Cuban coffee returning to U.S. but only for Nespresso brewers
LOS ANGELES/NEW YORK (Reuters) – Nestle SA’s Nespresso says it will become the first company to sell Cuban coffee in the United States in more than 50 years, as relations between the Cold War adversaries smooth.
Facebook investors OK new share class to keep Zuckerberg at helm
(Reuters) – Facebook Inc shareholders approved a proposal to create a new class of non-voting shares, a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media company he fou…
Oil up 3 percent as Brexit chances dim; gasoline surges too
NEW YORK (Reuters) – Oil prices rose 3 percent on Monday, settling higher for a second straight day, after polls showing a lower likelihood of Britain leaving the European Union while U.S. gasoline surged 5 percent in anticipation of peak summer drivin…
Obama takes turn as ‘America’s pitch man’ to help sell TPP trade deal
WASHINGTON (Reuters) – President Barack Obama made a plug on Monday for the Trans-Pacific Partnership trade deal to a group of 2,400 investors looking at locating business in the United States, saying the deal would help boost the global economy.
Brazil’s Samarco, owners hire banks for debt talks: source
SAO PAULO (Reuters) – Brazilian mining company Samarco Mineração SA and owners Vale SA and BHP Billiton Plc have hired banks to sound out creditors on a potential renegotiation of $3.8 billion in debt, after a deadly dam spill led to the shutdown of a key mine, a source with direct knowledge of the plan said on Monday.
VW says prosecutors’ new probe offers no fresh facts on former CEO
BERLIN (Reuters) – The new probe by German prosecutors against former Volkswagen Chief Executive Martin Winterkorn and another senior executive does not provide fresh facts that indicate a possible severe neglect of duty by the accused managers, VW sa…
Twitter buys machine-learning firm Magic Pony to boost image content
(Reuters) – Twitter Inc said on Monday it acquired London-based Magic Pony Technology, a machine-learning startup that specializes in working with images, to deliver better video and picture content.
Too-tough capital rules may stifle U.S. lending: Fed’s Kashkari
WASHINGTON (Reuters) – Regulators may hurt the economy and push borrowers toward non-bank lenders if they set too-high capital standards for Wall Street, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said on Monday.
