Greece’s creditors draft deal to unlock aid, Athens resists
BRUSSELS/ATHENS (Reuters) – Greece’s creditors on Tuesday drafted the broad lines of an agreement to put to the leftist government in Athens in a bid to conclude four months of acrimonious negotiations and release aid before the cash-strapped country r…
U.S. factory orders weak; robust auto sales a bright spot
WASHINGTON (Reuters) – New orders for U.S. factory goods fell in April on weak demand for transportation equipment and other goods, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector.
At JPMorgan, voicemail deemed obsolescent
NEW YORK (Reuters) – Voicemail is going the way of the typewriter, at least at JPMorgan Chase & Co .
Boeing starts building first 737 MAX jet on schedule
RENTON, Washington (Reuters) – Boeing Co said on Tuesday that it has started building its first 737 MAX single-aisle jetliner on schedule, an important milestone for a new plane model that accounts for nearly half of the company’s plane orders.
U.S. expects commercial data-sharing deal with EU ‘very soon’
BRUSSELS (Reuters) – The United States expects it will be able to clinch an agreement “very soon” with the European Union on a deal allowing companies to easily transfer data across the two blocs, a U.S. government representative said on Tuesday.
Goldman executives take victory lap in debate over business model
NEW YORK (Reuters) – Senior Goldman Sachs Group Inc executives took a victory lap on Tuesday, telling an investor conference that the bank’s recent results show they have been right all along about its trading-heavy business model.
Wal-Mart to raise wages for 100,000 U.S. workers in some departments
(Reuters) – Wal-Mart Stores Inc said it would raise minimum wages for over 100,000 U.S. employees including some department managers and deli workers, its second wage hike this year.
IMF economists say some countries can ‘just live with’ high debt
WASHINGTON (Reuters) – Some countries with high public debt levels might be able to “just live with it,” because cutting back carries its own risks, three IMF officials said in a paper that disputes decades of dogma about the benefits of austerity.
Fed’s Brainard: global troubles weighing on U.S., may delay rate hike
WASHINGTON (Reuters) – It may be impossible for the Federal Reserve to raise interest rates until the rest of the world economy improves, Fed board member Lael Brainard said on Tuesday, in the most direct acknowledgement yet of how weak global markets …
American Apparel gets restraining order against Dov Charney
(Reuters) – American Apparel Inc said it was granted a restraining order against ousted Chief Executive and founder Dov Charney who was fired after he allegedly misused company funds and failed to stop defamatory blog posts by an employee.
