U.S. wholesale inventories rise more than expected
WASHINGTON (Reuters) – U.S. wholesale inventories rose at their fastest pace in six months in May, reinforcing the view that economic growth should rebound in the second quarter after a weak first three months of the year.
American Airlines lowers plans for U.S. capacity growth
(Reuters) – American Airlines Group Inc on Friday lowered its plans for capacity growth in the United States, seeming to heed investors’ calls to slow its expansion in light of weaker-than-expected travel demand.
Former Tencent employees, including Alibaba executive, held in China graft probe
BEIJING/BENGALURU (Reuters) – Chinese authorities have detained about half a dozen former employees of Tencent Holdings Ltd for alleged corruption and bribery, as well as a current Alibaba Group Holding Ltd executive, the two companies said.
U.S. futures rise on hopes of Greek debt deal
(Reuters) – U.S. stock index futures were sharply higher on Friday after Greece made substantial concessions in its latest bid to win new funds from creditors and avert bankruptcy.
Barclays may not pick new CEO until spring 2016
LONDON/NEW YORK (Reuters) – British bank Barclays may not pick its next chief executive until early next year, potentially leaving new Chairman John McFarlane in charge for at least eight months.
Markets toast Greek bid to clinch debt deal
LONDON (Reuters) – Global financial markets rallied on Friday on hopes that last-minute concessions by Greek Prime Minister Alexis Tsipras would clinch a deal with the country’s international creditors and save it from bankruptcy.
Former Tencent employees, including Alibaba executive, held in China graft probe
BEIJING (Reuters) – Chinese authorities have detained about half a dozen former employees of Tencent Holdings Ltd, the country’s biggest social network and online media company, as part of a graft investigation following an internal company probe, Tenc…
Walgreen to pay $22.4 million in N.Y. Medicaid improper billing case
NEW YORK (Reuters) – Walgreen Co has reached a $22.4 million settlement with the New York attorney general resolving claims that a unit improperly billed the government for reimbursement for a pediatric drug.
Uber pushes back against California driver lawsuit
SAN FRANCISCO (Reuters) – Uber argued on Thursday that a lawsuit filed by drivers should not proceed as a class action with the ride service citing statements of support from hundreds of other Uber drivers in a case that could decide whether they are i…
Greece sends reform plan to EU, sets parliament vote
ATHENS/FRANKFURT (Reuters) – The Greek government sent a package of reform proposals to its euro zone creditors on Thursday in a race to win new funds to avert bankruptcy and will seek a parliamentary vote on Friday to endorse immediate actions.
