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U.S. markets news

EU slams the door on talks with Greece before Sunday referendum
ATHENS - European officials on Wednesday slammed the door on any further negotiations with Greece before a national referendum planned for Sunday, daring the Athens government to go ahead with a vote that holds peril for the country no matter which ...
A Bankrupt Greece Is Struggling to Stay Afloat  New York Times
Suicide Isn't Painless  Wall Street Journal
BBC News  
UPDATE 2-US probing whether airlines collude to keep airfares high
(Adds details on investigation, industry responses, background, bylines). By Jeffrey Dastin and Diane Bartz. WASHINGTON/NEW YORK, July 1 (Reuters) - The U.S.
DOJ subpoenas airlines over keeping ticket prices high  CNN
DoJ launches probe on high airline fares  Financial Times
Justice halts Electrolux's buy of GE's appliance division
The Justice Department said it filed a lawsuit Wednesday to stop Sweden's Electrolux, which owns the Frigidaire, Kenmore and Tappan brands, from buying General Electric's appliance business, the Justice Department said in a statement.
GE's Divestiture Plans Hit Hurdles  Wall Street Journal
GE, Electrolux to fight US antitrust lawsuit  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.
Morning MoneyBeat Asia: US Stocks Rally Amid Greece's Mixed Messages  Wall Street Journal (blog)
How the Dow Jones industrial average fared on Wednesday  New Zealand Herald
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 to buy digital money transfer provider Xoom  Reuters
PayPal dips into war chest for Xoom deal  Financial Times
Saudi prince pledges $32 billion to charity
Saudi Arabian Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud -- who made billions investing in American, European and Middle Eastern companies -- is donating his $32 billion fortune to philanthropy, according to a statement released Wednesday.
Saudi Prince Vows to Give Away $32 Billion  New York Times
Saudi prince vows to donate his entire �20bn fortune to charity
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 cuts water use by 29% in May  USA TODAY
California residents cut water use by hefty 29% in May, officials say  Los Angeles Times
Shyp Makes Couriers Employees Before It's Too Big to Change
The call for broader protections for on-demand workers is getting louder. And some companies are listening. Shyp, a San Francisco-based startup that picks up, packages, and ships items on demand, said today that it's converting its couriers from ...
Courtesy of Shyp  Fortune
'Sharing economy' business Shyp changes contractors to employees  Financial Times
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
JBS to purchase US Cargill pork assets for $1.45 billion
SAO PAULO and CHICAGO JBS SA, the world's largest meat packer, is buying Cargill Inc's U.S. pork business for $1.45 billion, free of debt, it said in a statement on Wednesday, a deal that would make it one of the largest and most powerful meat ...
JBS of Brazil buying Cargill US pork unit for $1.45B  Sacramento Bee
CompaniesBrazil's JBS shops in US with $1.5bn pork deal  Financial Times