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U.S. markets news

On eve of vote, Greek finance minister accuses Europe of 'terrorism'
ATHENS - Greece's outspoken finance minister on Saturday accused the country's European creditors of “terrorism,” saying they hope to scare Greek voters into defying their own government in a critical Sunday referendum.
Split Greece teeters on brink with referendum  The Australian (blog)
Greece's pro-EU forces must win more than referendum  Financial Times
The Economist (blog)  
Government Investigates possible collusion in Airline Industry
An investigation has been launched into possible conspiracy in the airline industry. The government has to show that different airlines were indicating about their business decisions in order to drive up fares.
Airline Industry Keeps Ticket Prices High Through Collusion  Ring of Fire
Department of Justice Investigates Airlines for Collusion -- but Probably ...  Motley Fool
US unemployment falls to 7-year low, but wages are flat
Sophia Lewis, left, with PSEG Long Island, speaks to an attendee about employment opportunities during a June 30 job fair at Citi Field in New York.
Solid Hiring Expected for June as US Job Market Nears Normal  Top Tech News
US unemployment falls to 7-year low  TriValley Central
China to Suspend New Stock Sales to Preserve Liquidity
BEIJING—China has decided to suspend new stock sales and establish a market-stabilization fund aimed at fighting off the worst equities selloff in years, as concerns grow among China's leadership that the stock-market malaise could be spreading to the ...
China brokers to invest $19 mn to curb market plunge  Business Standard
China brokers set up $19b fund to stem market rout  Times of Oman
World Stocks Drift Lower Ahead of Greek Vote; China Plunges
World stock markets mostly drifted lower Friday ahead of Greece's weekend referendum, while China's main stock benchmark plunged as government efforts failed to reassure panicky investors.
Stay invested - it's not the time to hide  The Straits Times
JetBlue to Cuba, for Those With Ideal Reasons
JetBlue became the first major U.S. carrier on Friday to launch direct flights between New York City and Havana, Cuba, since the White House eased travel restrictions earlier this year.
First JetBlue Direct Flight from New York to Cuba Left Friday  Times Gazette
JetBlue Launches Direct Flights From NYC to Cuba  HamletHub (press release) (registration) (blog)
Pilot Of Solar Plane Shares Secrets Of Record-Setting Flight
Andre Borschberg, CEO of Solar Impulse, poses during the preparation of a Solar Impulse airplane test in Dubendorf, Switzerland on November 19, 2009.
History made, Solar Impulse 2 gears up for next leg
Hawaii: Flying in Solar Aircraft Breachs Record  The Market Business
A referendum that will sink or rescue the Greek economy
Everyone in Athens is nervous about the outcome of Sunday's referendum on the creditors' proffered (and semi-retracted) bailout terms.
Greek banks preparing possible “bail-in” of depositors: FT  Financial Express
5 Tools the ECB Could Use to Deal With Greek Fallout  Wall Street Journal (blog)
California scans electricity pricing; rate increases likely for much
Regulators overhauled the state's system for pricing electricity for millions of Californians on Friday in a move that they said will simplify the structure and bring rates closer in line with costs.
California regulators approve higher electricity rates for most residents  Los Angeles Times
PUC approves big changes in state's electricity rate system  San Jose Mercury News
Increasing US Rig Count Promotes Down Oil Costs
Friday saw US oil prices fall, coming majorly at the back of widespread oversupply, surpassing the global demand. Even the unrest in Chinese economy caused due to alleged stock market manipulation, further disturbed the market.
Oil drops on rising US rig count  Daily Times
Oil slides in thin trade on rising US rig count  Reuters