US home prices rise in May by most in 7 years
U.S. home prices jumped 12.2 percent in May from a year ago, the most in seven years. The increase suggests the housing recovery is strengthening.
Chrysler’s U.S. Sales in June Rise 8%
Chrysler’s U.S. sales in June rose 8 percent on strong demand for its two best-selling vehicles, the Ram full-size pickup truck and Jeep Cherokee SUV. Chrysler Group LLC, majority-owned by Italy’s Fiat, reported U.S. sales last month of 156,686 vehicles, in line with analysts’ expectations and the company’s best June results since 2007.
Stock Futures Higher as Positive Momentum Persists
Stock index futures rose modestly, indicating positive market momentum would persist as investors remain optimistic about the economic outlook. Sentiment has improved since Federal Reserve officials signaled that their bond-buying stimulus program would not end soon.
Japan’s MUFG agrees to buy .61 billion stake in Thai lender
Japan’s Mitsubishi UFJ Financial Group has agreed to buy a controlling stake in Thailand’s Bank of Ayudhya Pcl for up to .61 billion, as Japanese lenders expand into fast-growing Southeast Asian economies to beat slower growth at home.