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U.S. markets news

US unemployment rate falls to 5.3 pct. in June
The U.S. unemployment rate fell two-tenths of a percentage point in June to 5.3 percent, the lowest level in seven years, the Labor Department said Thursday.
Economy adds 223000 jobs in June; unemployment rate drops to 5.3 percent  Washington Post (blog)
Trucking Industry Drives Strong Growth in Transportation, Warehousing Jobs  Wall Street Journal
Los Angeles Times  
Moody's downgrades Puerto Rico after debt admission
Moody's Investors Service yesterday cut Puerto Rico's ratings one notch further into junk territory, citing the US territory's declaration that it cannot pay its debt.
Puerto Rico's Problems May Rock These Mutual Funds  Fox Business
A Caribbean fuse  The Economist
Greek debt crisis: IMF says extra 50bn euros needed
Greece will need an extra 50bn euros ($55bn) over the next three years to stabilise its finances even under the existing, disputed bailout plans, the International Monetary Fund (IMF) says.
Greeks head towards Sunday vote in anger and confusion  Reuters
Greeks waver between 'Yes' and 'No' ahead of bailout vote  Economic Times
BP reaches $18.7 billion settlement over deadly 2010 spill
HOUSTON BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S.
US|Why BP Is Paying $18.7 Billion  New York Times
Justice Department reaches $18.7 billion agreement in principle with BP  Washington Post
Cognizant says can lose $2.7 billion deal if Centene buys Health Net
On the 2015 outlook, the company retained its earlier forecast for the fiscal 2015 to $12.24 billion. Photo: Mint. New York: Anticipating a $100 million hit to its incremental revenue in July-December of 2015, IT major Cognizant on Thursday said it ...
Robbins Arroyo LLP: Acquisition of Health Net, Inc. (HNT) by Centene ...  CNNMoney
Centene's deal for Health Net could kick off merger wave  Los Angeles Times
Whole Foods execs apologize for overcharging
Whole Foods top executives said they "made some mistakes" in a video posted to the company's blog after an investigation in New York City claimed the high-end grocery chain consistently overcharges for prepackaged food.
Whole Foods Founder John Mackey, CEO Walter Robb Apologize for ...  ABC News
Whole Foods Market CEOs admit to pricing problems at stores  Toronto Sun
Yelp skids 10% amid sale halt reports
Following a trading halt around 12:50 p.m. ET, the stock fell more than 10 percent after it reopened approximately 10 minutes later.
Yelp Stock Sinks as Sale Process Stalls  TheStreet.com
Intel president steps down amid management shifts
Renee James, president of Intel Corporation, delivers the keynote speech at the opening of Computex 2014 in Taipei, Taiwan. (Wally Santana, AP).
Intel President Ren�e James to Leave  Wall Street Journal
Intel shuffles ranks, President Ren�e James to exit  Computerworld
Sex worker fury as credit cards cut off
Australian sex workers are up in arms after Visa and MasterCard blocked payments to a popular sex work advertisement website. Backpage.
Credit Cards Ban Usage on Backpage Sex Ads, Bitcoin Payments Accepted?  newsBTC
UPDATE 1-Visa joins MasterCard, AmEx in ending use for Backpage sex ads  Reuters
Bubble Wrap to lose its pop
The joy of popping Bubble Wrap is set to become a thing of the past. The creators are launching a new more cost-effective version which will no longer burst when you squeeze it.
Sssssssssss! The advent of bubble wrap that doesn't pop  CNET
North Carolina company rolls out new type of Bubble Wrap that won't pop  New York Daily News