Latest Business News: Cohen's $15 Billion SAC Capital up 1.5 Percent in June: Source

Wochit 0:48 mins

Steven A. Cohen's $15 billion hedge fund SAC Capital Advisors posted a 1.5 pct gain in June, according to an investor familiar with the numbers. U.S. buyers snapped up new cars and trucks in June at a pace not seen since before the recession. Continuing demand for big pickups helped boost sales for Detroit's automakers. Ford said that its sales rose 14 percent, while Chrysler's were up 8 percent. New orders for factory goods rose for a second straight month in May, adding to tentative signs of stabilization in manufacturing after a recent slowdown.

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