Zach Pandl to return to Goldman as senior economist: source
NEW YORK (Reuters) – Goldman Sachs has hired Zach Pandl as senior economist, marking a return to the Wall Street investment bank after spending less than three years at Columbia Threadneedle, a source familiar with the matter said on Tuesday.
Exclusive: Hedge funds to Macy’s: Sell your real estate
NEW YORK (Reuters) – Several hedge funds have asked U.S. department store company Macy’s Inc to consider options for its real estate, including selling some major sites and then leasing them back, according to several sources close to the matter.
U.S. May auto sales race to strongest pace in nearly decade
DETROIT (Reuters) – The U.S. auto industry remained on track for the best sales year in almost a decade as consumers bought cars and trucks at the fastest pace since early 2006.
Too big to succeed? Investors want ‘radical surgery’ at HSBC
LONDON (Reuters) – No longer feared as “too big to fail”, shareholders are weighing whether HSBC is now “too big to succeed”, and want to know next week how the bank’s bosses propose to increase profitability at a sprawling group beset by huge costs.
Pimco Total Return ETF posts $53.9 million net outflows in May: Morningstar
NEW YORK (Reuters) – The Pimco Total Return Active Exchange-Traded Fund posted net outflows of $53.9 million in May, ending the month with $2.6 billion in assets under management, according to Morningstar data on Tuesday.
Delta lowers unit revenue forecast on last-minute U.S. business travel
(Reuters) – Delta Air Lines Inc on Tuesday lowered its forecast for unit revenue this quarter as U.S. domestic business tickets booked near customer travel dates yielded less per mile than the carrier expected.
Oil up ahead of OPEC meeting as dollar slips
LONDON (Reuters) – Oil prices rose on Tuesday in response to a weaker dollar and expectations that OPEC producers would maintain their group production target at its current level and resist pressure for an increase.
Wal-Mart makes slow progress navigating Africa’s challenges
JOHANNESBURG (Reuters) – When Wal-Mart Stores Inc spent $2.4 billion on a stake in South Africa’s Massmart five years ago, the world’s biggest retailer said it was buying a gateway to high-growth markets in sub-Saharan Africa.
Fiat Chrysler sees May industry sales flat to up 0.7 percent
DETROIT (Reuters) – The U.S. auto industry will remain on track for the best sales year in a decade despite industry growth being flat to up 0.7 percent in May, Fiat Chrysler Automobiles (FCA) said on Tuesday.
For UAW members, two-tier wage issue is personal
KANSAS CITY, Kansas (Reuters) – For United Auto Workers union members Jermaine and Akema Austin, a two-tier wage system at General Motors Co is not just business, it’s personal.
