 Auto sales plunge, drag market down in May
(Reuters: Tue, 03 Jun) U.S. auto sales tumbled in May as
consumers spurned pickup trucks and SUVs in the face of record
gasoline prices, driving General Motors Corp , Ford Motor
Co and Chrysler LLC to double-digit declines.
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 Yahoo sets August 1 date for annual meeting showdown
(Reuters: Tue, 03 Jun) Yahoo Inc set
plans on Tuesday to hold its annual shareholder meeting on
August 1 in the heart of Silicon Valley, setting the stage for
a showdown with activist investor Carl Icahn, who is mounting a
proxy fight for control of the company.
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 Credit concerns send market lower
(Reuters: Tue, 03 Jun) Stocks fell for a second day on
Tuesday after a report that Lehman Brothers may have to raise
more capital compounded recent worries the financial sector
faces another round of big losses from the credit crisis.
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 Slow home sales? Buy one, get one free in San Diego
(Reuters: Tue, 03 Jun) As though Southern California's fine
weather and beaches weren't attractive enough, a San Diego
developer desperate to clear inventory is offering potential
home buyers a buy-one-get-one-free scheme.
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 Senate Banking panel to hold investment bank hearing
(Reuters: Tue, 03 Jun) The Senate Banking Committee is
planning to hold a hearing next Tuesday to examine underwriting
practices at some of the top investment banks, a source
familiar with the matter told Reuters on Tuesday.
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 Nomura to enter U.S. retail mutual fund market
(Reuters: Mon, 02 Jun) Nomura Holdings Inc (8604.T) has inked a
deal to become the investment manager of a U.S. mutual fund
specializing in Japanese issues, marking its full-scale entry
into the U.S. retail mutual fund market.
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 Retailers expected to post scant May sales
(Reuters: Tue, 03 Jun) U.S. retailers are expected to post
lackluster May sales this week, as consumers spent tax rebate
checks on gas and food or used them to reduce debt, rather than
buying discretionary items like clothes and jewelry.
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Factory orders post surprising increase in April