U.S.-based stock funds continue trend of outflows in latest week: Lipper
NEW YORK (Reuters) – Investors pulled another $3.9 billion from U.S.-based stock funds during the week that ended May 18, Lipper data showed on Thursday, bolstering a trend of outflows that has persisted most of this year.
Canada PM does not see Ottawa quitting Bombardier aid talks
OTTAWA (Reuters) – There is little chance Canada will walk away from talks on offering aid to aircraft maker Bombardier Inc because the government needs to secure good quality aerospace jobs, Prime Minister Justin Trudeau said on Thursday.
Deutsche Bank internally probes dubious trades: WSJ
FRANKFURT (Reuters) – Deutsche Bank AG is investigating a series of trades that may have improperly generated millions of dollars in personal profits, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Gap to close 75 Old Navy, Banana Republic stores outside North America
(Reuters) – Gap Inc said it would shut 75 Old Navy and Banana Republic stores overseas markets, as the struggling apparel retailer focuses on its North American market to revive its fortunes.
Exclusive: EU aims to rule on Amazon’s Luxembourg tax deal by July – sources
BRUSSELS – EU state aid regulators aim to rule on Amazon’s tax deal with Luxembourg by July, two people familiar with the matter said on Thursday, and it may order the country’s tax authorities to recover about 400 million euros ($448 million) in back…
Workers plan major round of protests for McDonald’s annual meeting
LOS ANGELES (Reuters) – Spurred by recent successes, U.S. low-wage workers next week plan to make McDonald’s Corp and its annual shareholder meeting the target of major protests calling for $15 per hour and the right to unionize.
Wall St. falls on Fed rate hike worry
NEW YORK (Reuters) – The S&P 500 fell to its lowest level since March on Thursday as Wall Street became more worried that the U.S. Federal Reserve might raise interest rates as early as June.
Dudley joins chorus of Fed officials seeing rate hikes soon
NEW YORK (Reuters) – The U.S. economy could be strong enough to warrant an interest rate increase in June or July, New York Federal Reserve President William Dudley said on Thursday, cementing Wall Street’s view that the Fed will tighten policy soon.
UPS CEO sees ‘slight chance’ of Congress approving TPP deal this year
BOSTON (Reuters) – The head of United Parcel Service Inc said on Thursday he believes there is a “slight chance” the U.S. Congress will approve a sweeping pan-Pacific trade deal this year, but only after the November presidential election.
JD Power-LMC forecast May U.S. auto sales down 5.7 percent
DETROIT (Reuters) – The days of lofty year-over-year increases in monthly U.S. auto sales may be reaching an end, industry consultants J.D. Power and LMC Automotive said on Thursday.
