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Strong sales could shift Ford, GM to higher gear Friday, May 29, 2015 7:31 pm

Robotic arms rivet floor panels at Ford's plant where new aluminum intensive Ford F-Series pickups are built in Claycomo Missouri"This is going to be one of the best months ever," said David Kudla, chief investment strategist of Mainstay Capital Management in Grand Blanc, Michigan. Weak auto results contributed to flat overall retail sales in April, but May is expected to represent a rebound. The timing of the Memorial Day holiday also helped May sales, according to Jessica Caldwell, senior analyst at Edmunds.com in Santa Monica, California.


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Exclusive: Stifel in lead to buy Barclays' U.S. wealth unit - sources Friday, May 29, 2015 9:26 pm

A view of the exterior of the Barclays U.S. Corporate headquarters in the Manhattan borough of New York CityStifel is now negotiating key aspects with Barclays, although a deal is not certain and Barclays could go back to other bidders that have made offers, the people said this week. A deal for the business - the former brokerage arm of Lehman Brothers - could come as early as next week, the people said. The sources requested anonymity because the matter is not public, and a spokeswoman for Stifel and a spokesman for Barclays declined to comment.


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Policies working, ECB must persist with purchase programmes - Constancio Saturday, May 30, 2015 4:38 am

ECB Vice President Constancio looks on during the monthly ECB news conference in FrankfurtSITGES, Spain (Reuters) - The European Central Bank's monetary policy, aimed at raising inflation in the euro zone area, is working according to plan, ECB vice president Vitor Constancio said on Saturday, citing recent figures.


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GM recalls heavy duty trucks with Takata air bags Friday, May 29, 2015 4:18 pm

A flag with the Takata logo flies alongside an American flag outside the Takata Corporation in Auburn HillsGeneral 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. Subaru will expand its recall of 2004 and 2005 model Impreza compact cars with Takata air bags to about 80,000 from 20,000, the unit of Japan-based Fuji Heavy Industries also said on Friday. Both companies said they have received no reports of inadvertent deployments of air bags in the vehicles.


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Dollar Tree to sell 330 Family Dollar stores to Sycamore Partners Friday, May 29, 2015 3:54 pm

A man walks to the Family Dollar store in Westminster(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.


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