 |  | | U.S. retail sales post biggest drop in 16 months | | | WASHINGTON, June 14 (Reuters) - U.S. retail sales recorded their biggest drop in more than a year in May amid declining purchases of motor vehicles and discretionary spending, which could temper expectations for a sharp acceleration in economic growth in the second quarter. | | |  | | | Uber CEO takes leave of absence amid sweeping changes after scandals | | | SAN FRANCISCO (Reuters) - Uber Technologies Inc Chief Executive Officer Travis Kalanick told employees on Tuesday he will take time away from the company he helped to found, one of a series of measures the ride-hailing company is taking to claw its way out from under a mountain of controversies. | | |  | | | Trump's Wall Street game plan needs players | | | Washington (Reuters) - Wall Street banks on Tuesday cheered U.S. President Donald Trump's plans to loosen the leash put on them in the wake of the 2008 financial crisis but they do not expect significant change any time soon. | | |  | | | StanChart brings in senior talent to fuel U.S. expansion | | | NEW YORK/HONG KONG (Reuters) - Standard Chartered aims to expand its U.S. presence with a local hiring push and by bolstering its team in the country with senior staff from its main regions of Asia, the Middle East and Africa, its top bankers said. | | |  | | | World stocks march on as Fed rate hike looms, dollar steady | | | LONDON (Reuters) - Stocks rose on Wednesday, but worries about stretched valuations and caution before a near-certain rate hike by the U.S. Federal Reserve kept their gains in check, while the dollar steadied against a basket of major currencies. | | |  | | | German postal service enlists Ford for electric vans drive | | | DUESSELDORF, Germany (Reuters) - German logistics group Deutsche Post DHL Group is expanding its foray into electric delivery vans, signing Ford as a components supplier for a new line of larger vehicles, the companies said on Wednesday. | | |  | | | Verizon closes Yahoo deal, Mayer steps down | | | (Reuters) - Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa Mayer, chief executive of the internet company, had resigned. | | | | | | | | | | Related Video | | | | | | | | | |  |  | | | Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today | | |  |  | | | News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today | | | | | » » MORE NEWSLETTERS | | |
