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U.S. markets news

Greece faces midnight default deadline
Greece was just hours away Tuesday from defaulting on a loan from the International Monetary Fund, setting the stage for a tense showdown with its international creditors ahead of an effective national referendum on its membership of the euro currency.
Greek debt crisis: hopes of last-minute deal on decision day for Alexis ...  The Guardian
The Latest: Russia dismisses talk of lending money to Greece
Wall Street Journal  
Puerto Rico's Debt Is Worse Than Detroit's Debt Was
Things aren't looking good for the Isle of Enchantment. Puerto Rico is in 3� times as much debt as Detroit was in when it filed Chapter 9 bankruptcy in 2013.
Puerto Rico's crisis is ours, too: Rescuing the island from its fiscal ...  New York Daily News
US: We're not going to give Puerto Rico a bailout  Economic Times
European Stocks Decline With Euro as Greece Bailout Set to End
European stocks fell for a second day and the euro weakened as investors braced for the end of Greece's bailout funding. Chinese shares rallied and Standard & Poor's 500 Index futures rose, indicating the index will rebound from its biggest slump in a ...
US stocks eye higher open after Greek-led selloff  MarketWatch
Asia markets rebound, Shanghai surges after 10% swing  Channel News Asia
EconomyEurozone unemployment steady at 11.1%
Eurozone unemployment remained stable in June at a three year low of 11.1 per cent. The unemployment rate has been falling since it hit a peak of over 12 per cent in early 2013.
Euro-Area Prices Rise for Second Month With Inflation at 0.2%  Bloomberg
Eurozone inflation slows to 0.2 per cent, unemployment stable  Economic Times
Sysco Ends Plans to Merge With US Foods
Sysco Corp. SYY -2.16 % abandoned its planned acquisition of rival US Foods Inc. following a federal judge's ruling against the deal, forcing the food-distribution giant to find a new strategy for its future that is likely to include smaller ...
US judge grants FTC request to stop Sysco merger with US Foods  Rapid News Network
Sysco Corp. abandons plan for merger with US Foods  Albany Times Union
Ex-Im Bank becomes the walking dead
The Export-Import bank is slated to die on Tuesday night, and conservatives are shoveling hard to dig a deep grave. “It is a culturally corrupt organization,” said Rep. Bill Flores of Texas, who chairs the conservative Republican Study Committee.
Questions and answers about the expiring Export-Import Bank  Miami Herald
The clock runs out on Ex-Im  The Hill
Toyota Camry named the most 'American-Made' car
The Georgetown-made Toyota Camry has been named the most 'American-Made' car, according to GEORGETOWN, Ky. (WTVQ) - Even though Toyota is based in Japan, the Georgetown-made Camry has been named the most 'American-Made' ...
What's More American Than A Ford F-150 Pickup? Try A Toyota Camry  Forbes
Fewer than 10 cars now qualify for the 'American-Made Index'
Airbus Wins $1.3 Billion South Korean Airborne Tanker Deal
SEOUL, South Korea - South Korea has decided to buy four military airborne refueling tankers from European aerospace giant Airbus Defense and Space for $1.3 billion.
UPDATE 1-S.Korea picks Airbus over Boeing for 4 refuelling tankers  Reuters
South Korea Picks Airbus for $1.3 Billion Air-Tanker Deal  Bloomberg
New York City Just Froze Rent on One-Year Leases for the First Time Ever
For the first time in its 46-year history, New York City's Rent Guidelines Board voted on June 29 to freeze rent on one-year leases and to limit two-year lease increases to a comparatively low 2%.
A frozen solid on rent regulations  New York Daily News
City orders freeze on rent-stabilized apartments  New York Post
Sony Asks For Too Much Too Soon - Heard on the Street
Just as Sony SNE -2.60 % had repaired its frayed friendship with shareholders, it goes and asks them for a big fat favor, without much of an explanation why.
Sony shares fall 8% on fund raising plan  BBC News
Sony to Raise $3.58 Billion of Fresh Funds  Variety