Posts From King World News

The Big Three Automakers All Beat Sales Estimates for May

The biggest U.S. automakers all beat estimates for domestic light-vehicle sales in May. General Motors Co.’s deliveries for the month were the best since 2007 while Fiat Chrysler’s were the highest in a decade as Memorial Day promotions helped boost demand. Fiat Chrysler Automobiles NV said U.S. sales rose 4 percent last month as deliveries of Chrysler 200 sedans soared, complementing demand for Jeep SUVs and Ram pickups. Ford Motor

HSBC set to cut thousands of jobs globally: Sky News

LONDON/HONG KONG (Reuters) – HSBC Holdings Plc (HSBA.L) could announce thousands of job cuts at a strategy day next week, Sky News reported on Monday, part of chief executive Stuart Gulliver’s overhaul of Europe’s biggest bank. The plan could also see Gulliver sell operations in Brazil and Turkey and take a knife to HSBC’s investment bank. An estimated 10,000 to 20,000 jobs will be axed, Sky News said, citing unidentified