WASHINGTON U.S. consumer spending in June advanced at its slowest pace in four months as demand for automobiles softened, suggesting the economy lost some momentum at the end of the second quarter.
ATHENS Greece's stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone.
Nokia NOK -1.28 % 's digital mapping unit looks like an expensive safety feature for Germany's car makers. Audi, NSU 2.15 % BMW and Daimler on Monday emerged as victors after an intense bidding war for HERE.
(Corrects spelling of "investment" in last paragraph). * HSBC sells Brazil unit at higher-than-expected price. * Deal helps Bradesco boost presence in high-end segment.
The major automakers posted strong U.S. sales performances in July, as the auto industry creeps closer to its first full year of 17 million-unit sales since before the Great Recession.