U.S. factory activity dips; consumer spending cools
WASHINGTON (Reuters) – U.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating the economy lost some momentum recently.
Oil dives 5 percent to six-month low under $50 on China worry
NEW YORK (Reuters) – Oil prices lurched 5 percent lower on Monday to their lowest since January, taking global benchmark Brent below $50 a barrel as weak factory activity in China deepened a commodity-wide rout.
Seven years after bailout, Britain starts RBS sell-off with $3 billion stake sale
LONDON (Reuters) – Britain started the sale of a 2 billion pounds ($3.1 billion) stake in Royal Bank of Scotland (RBS) on Monday, beginning the disposal of its holding in the bank seven years after a multi-billion pound bailout at the height of the fin…
Greek stocks plunge, banks hammered, after five-week crisis shut down
ATHENS (Reuters) – Greece’s stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears that the country was about to be dumped from the euro zone.
Jeffrey Gundlach’s DoubleLine funds had 18th month of inflows in July
NEW YORK (Reuters) – DoubleLine Funds, whose co-founder Jeffrey Gundlach is widely followed for his investment calls, on Monday reported $688.7 million in net additional investments in July, the 18th consecutive month it has attracted new money.
Macy’s expands same day delivery to 17 cities as it challenges Amazon
SAN FRANCISCO (Reuters) – Macy’s Inc said on Monday the department store chain will expand same day delivery services to nine cities and metropolitan areas this month, pushing into an aggressive field dominated by e-commerce giant Amazon.com Inc .
Ex-trader Hayes jailed for 14 years by London court for Libor rigging
LONDON (Reuters) – Ex-trader Tom Hayes was sentenced to 14 years in jail by a London court on Monday after being found guilty of conspiring to rig Libor benchmark interest rates following a seven-year global investigation.
Rising profits at big U.S. banks boost executive pay: KBW
(Reuters) – Top executives at big U.S. banks received fatter paychecks last year as profits rose, brokerage Keefe, Bruyette & Woods (KBW) said on Monday.
U.S. July auto sales top expectations, boosted by SUVs, pickups
DETROIT (Reuters) – U.S. auto sales were stronger than expected in July and kept the industry on pace for its best performance since 2001 as cheaper gasoline and low interest rates drove the continuing shift toward sport utility vehicles and pickup tru…
Goldman raises top end of legal-loss estimate
(Reuters) – Goldman Sachs Group Inc raised the top end of the range for possible legal losses to about $5.9 billion, the bank said in a regulatory filing on Monday.
