Exclusive: Stifel in lead to buy Barclays’ U.S. wealth unit – sources
(Reuters) – Investment bank Stifel Financial Corp is in advanced negotiations to acquire Barclays Plc’s U.S wealth management unit, according to three people familiar with the situation.
U.S. economy contracts in first quarter; dollar hurts corporate profits
WASHINGTON (Reuters) – The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.
GM recalls heavy duty trucks with Takata air bags
DETROIT (Reuters) – General Motors Co is recalling about 375,000 heavy duty pickup trucks equipped with passenger-side air bag inflators made by Takata Corp , the U.S. automaker said.
Bank of America to improve compliance practices, pay $30 million fine to OCC
(Reuters) – Bank of America Corp agreed with U.S. regulators to improve its compliance practices and pay a fine for violations in lending rules toward military personnel.
Dollar Tree to sell 330 Family Dollar stores to Sycamore Partners
(Reuters) – Discount retailer Dollar Tree Inc agreed to sell 330 Family Dollar Stores Inc stores to private equity firm Sycamore Partners to get antitrust approval for its $8.5 billion takeover of Family Dollar.
Oil leaps 5 percent as dollar rally stalls, U.S. rigs fall
NEW YORK (Reuters) – Crude oil prices jumped almost 5 percent on Friday, their biggest rally in 1-1/2 months, as a steady U.S. dollar and a bigger than expected drop in U.S. oil rigs in operation set off a renewed rush of bullish bets.
Intel close to deal to buy Altera for $16 billion: sources
(Reuters) – Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday.
U.S. warns G7 of global economy ‘accident’ without Greece deal
DRESDEN, Germany (Reuters) – The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default.
Deutsche’s Jain wins support of bank’s top labor leader
FRANKFURT (Reuters) – Deutsche Bank co-Chief Executive Anshu Jain won welcome support from the group’s top labor representative on Friday, who said a Frankfurt-based workers council acted alone when it called for Jain’s resignation this week.
U.S. funds raise equity allocation, cut euro zone assets: Reuters poll
(Reuters) – U.S. fund managers recommended increasing equity exposure in a model portfolio in May, a Reuters poll showed, raising allocations in mainly North American and British shares at the expense of those in the euro zone.
