At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
WASHINGTON - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve.
WASHINGTON - Small business optimism rose to a one year-high in May, a hopeful sign for an economy that has hit a soft patch.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
DHL exploring sale of U.S. "last-mile" delivery unit: sources
(Reuters) - Deutsche Post's (DPWGn.DE) DHL is considering selling its "last-mile" delivery unit in the United States, a service used by retailers to deliver bulky products to consumers, three sources familiar with the matter told Reuters.
DHL could sell its Exel Direct unit, part of its Exel supply chain in the United States, for about $100 million, one of the three sources said.
A Deutsche Post spokesman declined to comment. The sources spoke on condition of anonymity because they are not authorized to speak publicly on the matter.
The rise of e-commerce has led to a boom in "last-mile" delivery services, used by retailers like Amazon.com Inc (AMZN.O) to deliver televisions, furniture and other large products that might require installation in a customer's home.
Exel Direct's customers include retailers Williams-Sonoma Inc (WSM.N), Sears Holdings Corp (SHLD.O) and Office Depot Inc (ODP.N), according to its website.
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