Royal bank of Canada has announced that it is selling its U.S. retail operations to PNC Financial Services Group. The deal was announced at a price of $3.45 billion. In addition, PNC will take over RBC’s credit card assets for another $165 million.
Retail stocks on Monday were trading higher Monday, led by Wal-Mart Stores Inc. (NYSE: WMT), which rose 0.51 percent to $53.09.
European finance ministers have delayed their decision on the Greek financial bailout and said that the country will have to first take austerity measures like budget cuts. In order to avoid a debt default, the next tranche of the bailout would have to be made by mid-July.
As the US stocks gains as Greek worry eases, several companies declared their future plans. Some notable dividend payers are discussed here.
Boeing Co. (NYSE: BA) has been doing better in the Paris Air Show today as compared to the last few days. After bagging a $1.7 billion order from Qatar Airways, it has bagged a larger order from two undisclosed customers worth $5.4 billion.
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