The Traderszone Network

Following today’s “successful” vote confirming Sepp Blatter’s 5th term running the farce called FIFA, and amid soccer’s governing body being investigated by US and Swiss authorities over claims of corruption, we thought a summary of just where the money comes from and (apart from the $150 million in bribes and kickbacks to 14 executives) where it goes for the Swiss-based entity…

How does the Zurich-based multi-million-pound organisation make its money and what does it spend it on?

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Meeting those forecasts could be enough to lift the sector – among the cheapest in the market – putting the sting of product recalls and tepid recent growth in the rear view mirror. “This is going to be one of the best months ever,” said David Kudla, chief investment strategist of Mainstay Capital Management in Grand Blanc, Michigan. Weak auto results contributed to flat overall retail sales in April, but May is expected to represent a rebound.

Stifel is now negotiating key aspects with Barclays, although a deal is not certain and Barclays could go back to other bidders that have made offers, the people said this week. The sources requested anonymity because the matter is not public, and a spokeswoman for Stifel and a spokesman for Barclays declined to comment. Barclays has been reaching out to potential acquirers for the business for several weeks because it views it as non-core, sources told Reuters.

Discount retailer Dollar Tree Inc agreed to sell 330 Family Dollar Stores Inc stores to private equity firm Sycamore Partners to get antitrust approval for its $8.5 billion takeover of Family Dollar. Dollar …

General Motors Co (GM.N) is recalling about 375,000 heavy duty pickup trucks equipped with passenger-side air bag inflators made by Takata Corp (7312.T), the U.S. automaker said. Subaru will expand its recall of 2004 and 2005 model Impreza compact cars with Takata air bags to about 80,000 from 20,000, the unit of Japan-based Fuji Heavy Industries also said on Friday. Both companies said they have received no reports of inadvertent deployments of air bags in the vehicles.

The Office of the Comptroller of the Currency (OCC) asked the No. 2 U.S. bank by assets to pay a penalty of $30 million due to non-home loan compliance with the Servicemembers Civil Relief Act (SCRA) and unsafe non-home debt collection litigation practices. The OCC, which regulates and supervises all national banks, also ordered “remediation” to about 73,000 affected customer accounts. “The enforcement action is intended to correct deficiencies in the bank’s practices and procedures related to its SCRA- compliance program,” the OCC said on Friday.

The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default. Germany said there was no sign of a breakthrough. With Athens struggling to make repayments due next month, the debt stand-off between Greece and its European Union partners overshadowed a meeting of policymakers from the Group of Seven rich nations otherwise held to focus on ways to get the global economy growing strongly again.