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U.S. markets news

Oil prices stabilize after massive selloff
SINGAPORE Crude oil prices steadied on Tuesday, after posting one of their biggest selloffs this year the previous session over Greece's rejection of debt bailout terms and China's stock market woes.
Greek crisis is nothing compared to China  CNN
Shanghai Comp loses over 3%, while rest of Asia mostly rise  CNBC
Financial Express  
Banks resubmit bankruptcy contingency plans
Federal banking regulators said the nation's 12 largest banks have resubmitted plans for navigating a bankruptcy that would not require a taxpayer bailout.
US banks post detailed crisis plans to avoid breakup threat  Reuters
Bank living wills reveal Wall St victims  Financial Times
Sheryl Sandberg joins board of late husband's company
Sandberg's husband, former SurveyMonkey CEO Dave Goldberg, unexpectedly passed away in May while on vacation in Mexico. "Ever since Dave joined SurveyMonkey six years ago, I watched him and his team execute on their mission to help people ...
Sheryl Sandberg Joins Surveymonkey's Board  NDTV
Sheryl Sandberg joins board of late husband's firm  USA TODAY
Greek banks to stay closed at least until Friday, say bankers
People withdraw money at an ATM outside a National Bank branch during a referendum vote in Athens, Greece, July 5, 2015. (Photo: Reuters).
ECB's Nowotny says bridge program for Greece thinkable: TV  Reuters
ECB maintains Greek bank funding but with tougher terms  Economic Times
Starbucks To Increase Prices On Certain Beverages Starting Tuesday
LOS ANGELES (CBSLA.com) - Your morning latte at Starbucks will set you back a few more cents starting Tuesday. That's because the nation's largest coffee chain is raising prices from 5 to 20 cents on many drinks.
Starbucks is hiking prices, again  CNNMoney
Roundup: Prices for some Starbucks drinks to go up; more  Tribune-Review
China's major insurers use tens of billions of yuan to buy shares - newspaper
SHANGHAI, July 7 China's major insurance firms plowed tens of billions of yuan into blue chip exchange-traded funds (ETF) and large caps on Monday, in a bid to stabilize the country's tumbling stock market, the official Shanghai Securities News ...
China's largest insurers bought billions worth of stock on Monday, and ...  Business Insider Australia
NZ's raised climate change target labelled 'challenging' and 'paltry'
It will submit to the United Nations a target of reducing greenhouse gas emissions to 30 percent below 2005 levels by 2030. The current target is five percent below 1990 levels by 2020.
Cities are catalysts for better economic growth and climate action ...  National Geographic
Climate Change Issues Minister Tim Groser commits New Zealand to 30pc cut in ...  Stuff.co.nz
Amazon to celebrate 20th anniversary with Prime Day sale
Greg Greeley, vice president of Amazon Prime, in a press release said that Prime Day is a one-day only event filled with more deals than Black Friday.
Amazon Pushes Prime Service With Day of Deals  New York Times
Amazon Marks 20th Anniversary With “Prime Day,” Its Answer To Black Friday  TechCrunch
Cuts, closings ahead for American Apparel
It's the result of five years of sales losses, some 20 lawsuits related to the ouster of its former CEO, Dov Charney, and an unwieldy $240 million debt that is taking a heavy toll.
American Apparel closing underperforming stores  USA TODAY
American Apparel Tests New Ideas To Reverse Sales Slide  Newsy
UPDATE 2-Chipmaker AMD cuts revenue estimate, citing weak PC sales
... * Lowers adj gross margin estimate to 28 pct from 32 pct. * To take a one-time charge of about $33 million in Q2. * Stock falls as much as 15 pct in extended trading (Adds analyst comment, background).
Digits  Wall Street Journal
Advanced Micro Second-Quarter Sales to Be Less Than Forecast  Bloomberg