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U.S. markets news

China stocks tumble as regulator warns of 'panic'
SHANGHAI Chinese stocks dived on Wednesday after the securities regulator said the tumbling stock market in the world's second-biggest economy was in the grip of "panic sentiment" as investors ignored a battery of support measures from Beijing.
Yen Gains Against Dollar, Euro  Wall Street Journal
China Leads Dive in Asia Stocks as Greece Rattles Investors  New York Times
Financial Times  
Greece Given Until Sunday to Settle Debt Crisis or Face Disaster
BRUSSELS - Frustrated European leaders gave Greece until Sunday to reach an agreement to save its collapsing economy from catastrophe after an emergency summit meeting here on Tuesday ended without the Athens government offering a substantive ...
EU to Greece: Make deal by Sunday or face bankruptcy  USA TODAY
Eurozone gives Greece until Sunday to settle debt crisis  Hindustan Times
Miami-to-Cuba Cruises Planned for Volunteers
Starting next May, Carnival plans to offer trips from Miami to Cuba, pending approval of the island's government, the company announced on Tuesday.
Carnival Gets US Approval to Start Cruises to Cuba  Wall Street Journal
Massport eyes flights, Carnival announces cruises to Cuba  Boston Herald
Georgia Power to offer solar sales, installation services
Georgia Power has announced the launch of a new solar sales and installation service for customers that began July 1. As an unregulated offering, the program will be administered by Georgia Power Energy Services, a business unit more than 20 years old ...
White House to Spread Solar Power to Renters, Poor Communties  NBCNews.com
Installing Solar Panels Is About to Get Easier for Lower- and Middle-Income ...  Slate Magazine (blog)
Shake Shack stock tumbles amid analyst's warnings
At least one Wall Street analyst is sounding the alarm about the burger chain's overly “expensive” stock price and the public's equally inflated opinion of the company.
Shake Shack Stock Grilled on Negative Morgan Stanley Note  TheStreet.com
We Tried Shake Shack's New Chicken Sandwich  TIME
Alibaba Ties Up With Asian Luxury Flash Sale Website Mei.com
Chinese e-commerce titan Alibaba is trying to beef up sales of luxury products, with announcement that it will invest in luxury flash sale website Mei.
Alibaba Group Announces Strategic Investment in Mei.com  Business Wire (press release)
Alibaba shares hit low point amid China sell-off  Fortune
Shell Places Huge Bet on Arctic Oil Riches
Royal Dutch Shell RDS.A -0.29 % PLC is days away from drilling in the Arctic Ocean—betting it can find enough oil to justify the huge risks that keep almost every other competitor out of those icy waters.
UPDATED — Icebreaker with drilling equipment returns to Alaska dock with ...  Peninsula Daily
Hull damage forces Shell Arctic support ship back to dock  Alaskajournal.com
General Mills moving to cage-free eggs, joining Wal-Mart
General Mills Inc. pledged to use only cage-free eggs in its products as part of an updated animal welfare policy released Tuesday.
General Mills goes cage-free as better animal welfare moves mainstream  Christian Science Monitor
General Mills Moves Toward Cage-Free Eggs  TIME
Horizon bids from Depomed; Carnival plans Cuba cruises; airlines boost ...
Horizon Pharma has gone hostile with an all-stock offer for Depomed valued at about $2.1 billion after its target rejected friendly overtures.
The Tax Inversion Wave Keeps Rolling  Wall Street Journal
Horizon in 'hostile bid' for US pharma  Irish Examiner
UPDATE 4-Corzine, others settle MF Global lawsuit for $64.5 mln
(Adds preliminary approval of settlement, paragraph 3). By Jonathan Stempel. NEW YORK, July 7 (Reuters) - Jon Corzine and other former MF Global Holdings Ltd officials have reached a $64.5 million settlement of litigation brought by investors seeking ...
Corzine, Other Ex-MF Global Officials Settle Suit for $64.5 Million  Wall Street Journal
MF Global reaches $64.5M investor settlement  USA TODAY