Bancroft family to meet Murdoch
New York: The Bancroft family's, which controls Dow Jones & Co. Inc. representatives will have a meeting with News Corp. chief Rupert Murdoch on Monday to discuss his $5 billion bid for Dow Jones according to reports on the Wall Street Journal.

The meeting is expected to deal solely with issues related to journalistic integrity according to the Journal. According to reports Michael Elefante, a partner at the law firm that represents the Bancroft family, has changed his mind about considering selling Dow Jones and now says that the company should consider a sale to Murdoch or another bidder in order for the media company to remain competitive.

Dow Jones publishes the Journal, Barron's and Dow Jones Newswires, which compete with Reuters Group Plc and others.
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US car sales rebound in May
Detroit: Despite high gasoline prices demand for passenger cars rose and drove US car sales in May for General Motors Corp., Toyota Motor Corp. and Nissan Motor Co. Ford Motor Co. and Honda Motor Co. however posted a decline of 10 percent and 1.4 percent, respectively, in May sales. Ford also surrendered the industry's No. 2 spot to Toyota for the month.

GM had a nearly 5 percent sales gain, cut its forecast for industrywide sales in 2007 but said retail sales had stabilized after a weak spring.

GM has forecast U.S. light vehicle sales of less than 16.5 million units in 2007, down from 16.6 million sold in 2006.

Toyota Motor Corp reported a higher-than-expected 10 percent increase in sales in May and replaced Ford Motor in the No 2 carmaker slot in the US.
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