The U.S. auto industry remained on track for the best sales year in a decade as consumers bought cars and trucks in May at the fastest pace in almost a decade. Sales of pickup trucks and SUVs again led the way, which bodes well for the profit margins of the major automakers. General Motors Co forecast industry U.S. sales to finish May at a seasonally adjusted annualized rate of 17.6 million vehicles, the strongest pace since January 2006.
NEW YORK (AP) — U.S. stocks were little changed on Tuesday as investors weighed the latest economic news and followed negotiations between Greece and its creditors. PVH Corp., the company behind Calvin Klein and Tommy Hilfiger, was among the day's winners. The stock jumped after it reported earnings that beat the expectations of Wall Street analysts.