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U.S. markets news

IMF's Lagarde says Greece must reform before debt relief
WASHINGTON One day after Greece became the first developed economy to default on a loan with the International Monetary Fund, the head of the international lender on Wednesday suggested Greece should move to reform its economy before its ...
Greece joins 'default club'
Greece Talks Still Need 'More Adulthood', Says International ...  NDTV
Los Angeles Times  
DOJ subpoenas airlines over keeping ticket prices high
Washington (CNN) The Justice Department has sent subpoenas to several major airlines as part of an investigation into "possible unlawful coordination" to limit capacity increases, and thereby keeping ticket prices high, a department spokeswoman said ...
DoJ launches probe of high airline fares  Financial Times
Airline stocks tank on DOJ investigation report  USA TODAY
Wall St. ends higher but energy stocks fall and Greece hopes waver
U.S. stocks closed higher on Wednesday but were down from earlier highs as energy stocks declined and Greece's debt crisis showed no clear signs of resolution.
US Stocks Rise on Greece Bailout Hopes  Wall Street Journal
How the Dow Jones industrial average fared on Wednesday  Washington Post
Saudi Prince Vows to Give Away $32 Billion
BEIRUT, Lebanon - A Saudi prince pledged on Wednesday to give away his entire $32 billion fortune to charitable causes in Saudi Arabia and elsewhere in the world.
Saudi prince vows to give away entire fortune of S$43.3 billion  TODAYonline
Saudi prince vows to donate his entire �20bn fortune to charity
PayPal to Buy Online Money-Transfer Company for $890 Million
PayPal Holdings Inc. has agreed to buy online money-transfer company Xoom Corp. XOOM -1.69 % for $890 million in an all cash deal, marking incoming chief Dan Schulman's first big move ahead of his company's planned spinoff from eBay Inc. EBAY 0.31 ...
PayPal buys money-sending service Xoom  Sky News Australia
PayPal to buy digital money transfer provider Xoom  Reuters
California Cities Show Biggest Water Savings yet in Drought
California's drought-stricken cities set a record for water conservation, reducing usage 29 percent in May, according to data released by a state agency Wednesday.
California Just Cut Its Water Use In A Major Way  Huffington Post
California cuts water use by 29% in May  USA TODAY
GE, Electrolux to fight US antitrust lawsuit
LOUISVILLE, Ky. - The U.S. Department of Justice filed an antitrust lawsuit Wednesday to block Swedish-owned Electrolux 's proposed $3.3 billion purchase of General Electric 's Louisville-based appliance business.
GE's Divestiture Plans Hit Hurdles  Wall Street Journal
Justice halts Electrolux's buy of GE's appliance division  Washington Post
Trump Business Appears to Be Target of Data Breach
As if Donald Trump's business empire didn't already have enough problems, new media reports indicate that the real estate magnate's hotel chain appears to be the victim of a credit card data breach.
Trump's hotel collection under possible credit card breach: Blog  Business Insurance
On-demand startups get more heat over using contractors
Facing intense pressure, a fast-growing category of Silicon Valley companies is slowly changing its tune about the benefits of freelance workers.
Shyp Makes Couriers Employees Before It's Too Big to Change  Wired
'Sharing economy' business Shyp changes contractors to employees  Financial Times
Bullish US jobs, factory data brighten growth picture
WASHINGTON U.S. private employers hired the most workers in six months in June and factory activity picked up, providing fresh evidence the economy was gathering solid momentum after contracting at the start of the year.
Jobs, manufacturing data bolster US economic outlook  The Australian Financial Review
Job growth forecasts are bright for rest of 2015  USA TODAY