"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.
Stifel 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.
SITGES, 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.
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. 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.
(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.