Exclusive: Men’s Wearhouse founder clashed with CEO, mulls comeback
(Reuters) – Tensions started rising at Men’s Wearhouse Inc over the past six months, as founder and executive chairman George Zimmer increasingly butted heads with his handpicked CEO over the clothing retailer’s strategy.
Senators push bill to scrap mortgage firms Fannie, Freddie
WASHINGTON (Reuters) – A bipartisan group of U.S. senators will introduce a bill on Tuesday to abolish Fannie Mae and Freddie Mac and replace them with a government reinsurer of mortgage securities that would backstop private capital in a crisis.
StanChart banker Nelson to take helm at Dubai’s ENBD
DUBAI (Reuters) – Emirates NBD’s appointment of a senior Standard Chartered banker with Asia experience as its new group chief executive reinforces the trend of Gulf-based banks looking beyond their own region for their next growth phase.
Consumer confidence highest in over five years in June
NEW YORK (Reuters) – Consumer confidence jumped in June to its highest level in over five years as Americans were more optimistic about business and labor market conditions, according to a private sector report released on Tuesday.
New home sales near five-year high, prices rise
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose to their highest level in nearly five years in May, confirming the housing market’s strengthening tone.
Home prices see biggest annual gain in seven years in April: S&P
NEW YORK (Reuters) – Single-family home prices jumped in April, racking up their biggest annual gain in seven years in a sign of growing momentum in the housing recovery, a closely watched survey showed on Tuesday.
Durable goods orders, business spending plans rise
WASHINGTON (Reuters) – Orders for long-lasting manufactured goods rose more than expected in May and a gauge of planned business spending increased for a third straight month, the latest signs of a pick-up in economic activity.
Exclusive: Emirates NBD names StanChart banker as new CEO
DUBAI (Reuters) – Emirates NBD , Dubai’s largest bank, has appointed Shayne Nelson, currently head of Standard Chartered’s private banking arm, as its new group chief executive, the bank said on Tuesday.
LifeLabs to acquire CML HealthCare for C$965 million
(Reuters) – Canadian medical diagnostic services provider LifeLabs Medical Laboratory Services said on Tuesday that it was acquiring rival CML HealthCare Inc in a deal valued at about C$965 million ($917 million).
Walgreen posts weaker-than-expected third-quarter earnings
(Reuters) – Walgreen Co reported weaker-than-expected quarterly results on Tuesday, citing slow front-end sales and a challenging economy.
