DoubleLine’s Gundlach sees odds of Fed hike by Dec. under 50 percent
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said on Tuesday he still believes the U.S. Federal Reserve will probably not raise interest rates this year, in part because of a lack of wage inflation.
Nike settles with designers it accused of stealing secrets
NEW YORK (Reuters) – Nike Inc has settled a lawsuit against three former shoe designers it had accused of stealing its commercial secrets and taking them to German rival Adidas AG with plans to open a footwear design studio in Brooklyn.
HSBC to shed 50,000 jobs in quest for higher payouts
HONG KONG/LONDON (Reuters) – HSBC pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire.
Greek leader seeks party backing as EU warns on cash deal hopes
ATHENS/BRUSSELS (Reuters) – Greek Prime Minister Alexis Tsipras called on his fractious Syriza party to rally behind the government on Tuesday as time runs critically short to unlock funding from international lenders and avert a debt default.
Exclusive: Facebook earns 51 percent of ad revenue overseas – executives
NEW YORK (Reuters) – Overseas markets bring in more advertising revenue than the United States for Facebook Inc, amounting to 51 percent of global ad sales in the first quarter, with growth in Asia the fastest in the world at 57 percent, company execut…
New effort to ease travel anxiety: assuring your bag fits in bin
MIAMI (Reuters) – Air travelers are all too familiar with carry-on bag anxiety: the feeling sparked by last-minute and sometimes seemingly arbitrary decisions that a piece of luggage is too large to fit in the overhead bin.
U.S. job openings hit record high; small businesses upbeat
WASHINGTON (Reuters) – U.S. job openings surged to a record high in April and small business confidence perked up in May, suggesting the economy was regaining speed after stumbling at the start of the year.
Gun maker Colt heads toward bankruptcy showdown with bondholders
WILMINGTON, Del. (Reuters) – Famed U.S. gun maker Colt appears to be headed into a bankruptcy duel in the coming week if its private equity backers and bondholders cannot overcome widely differing views on the best way to heal the company’s financial w…
HP pays $100 million to settle Autonomy-related class-action suit
AMSTERDAM (Reuters) – Hewlett-Packard agreed on Tuesday to pay $100 million to settle a class-action lawsuit stemming from its ill-fated 2011 acquisition of British software company Autonomy.
U.S. weighs charges against GM over ignition switch recall: WSJ
WASHINGTON (Reuters) – Federal prosecutors are weighing criminal wire fraud charges against General Motors Co over the company’s failure to recall vehicles equipped with faulty ignition switches, the Wall Street Journal reported on Tuesday.
