HSBC set to cut thousands of jobs globally: Sky News
(Reuters) – HSBC Holdings Plc is planning to cut thousands of jobs globally and is set to make an announcement next week, Sky News reported on Monday, citing unidentified sources.
U.S. hotel business poised for good years, leaders say
NEW YORK (Reuters) – Steadily expanding demand, in line with a moderately growing U.S. economy and a still low rate of new room construction, bodes well for the U.S. hotel industry in the near term, leading executives in the business said on Monday.
Disney CFO James Rasulo to step down
(Reuters) – Walt Disney Co said James Rasulo, a 29-year veteran of the media company, would step down as chief financial officer at the end of the month.
Time Warner Cable CFO Arthur Minson leaves to join startup
(Reuters) – Time Warner Cable Inc said Chief Financial Officer Arthur Minson would step down effective immediately, less than a week after Charter Communications Inc agreed to buy the company for $56 billion.
Merkel, Hollande, Tsipras call was ‘constructive’: Germany
BERLIN (Reuters) – A phone call on Sunday between German Chancellor Angela Merkel, French President Francois Hollande and Greek Prime Minister Alexis Tsipras took place in a “constructive” atmosphere, the German government said on Monday.
Fed’s Rosengren: economy growing too slowly to justify rate hike
HARTFORD, Conn. (Reuters) – With little evidence the U.S. economy is rebounding after a very weak first quarter, the Federal Reserve is in no position to start raising interest rates for the first time since 2006, a top Fed official said on Monday.
U.S. construction spending jumps to near six-and-a-half year high
U.S. construction spending surged in April to the highest level in nearly 6-1/2 years as outlays increased broadly, pointing to some pockets of strength in the economy.
Oil falls as OPEC production stays high, dollar rises
LONDON (Reuters) – Crude oil prices dropped on Monday as the dollar rose and on expectations that OPEC production would remain high, stoking worries of oversupply despite declining U.S. rig operations.
U.S. factory activity growth slows slightly in May: Markit
Growth in the U.S. manufacturing sector slowed very slightly in May, as a deceleration in new orders offset an improvement in employment, according to an industry report released on Monday.
Fed’s Fischer warns against complacency on financial crisis risks
TORONTO (Reuters) – Financial regulators need to be on guard against the threat of future financial crises, particularly as banks boost pressure to roll back rules designed to shore up the financial system, a top Federal Reserve official said on Monday…
