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U.S. markets news

Greece, Missing IMF Payment, Is Called Effectively in Default
ATHENS - Greece missed a crucial debt payment to the International Monetary Fund, the fund said early Wednesday, deepening a crisis that has haunted world leaders and financial markets over the past week.
Greeks desperate as deadline to default nears  The Australian
Asia Stocks Rise With U.S. Futures; Euro Holds Quarterly Advance  Bloomberg
Wall Street Journal (blog)  
Australia stocks rise, even as iron share weaken
Australian stocks shook higher in early Wednesday trading, with the S&P/ASX 200 up 0.5% an hour into the session thanks in large part to the big banks, among the most heavily weighted components on the benchmark.
Stocks tick up, Greece keeps trading volatile; euro off  Reuters
US Stocks Rebound From Steep Selloff  Capital.gr (press release)
Down and out in San Juan as Puerto Rico debt disaster looms
Nine years ago, Roland Santiago earned $120,000, paid a mortgage on a house and drove a luxury car. Now, he's collecting unemployment while he looks for a job that will cover rent at an apartment and other living expenses.
Puerto Rico to go bankrupt with €64bn debts  Irish Independent
Puerto Rico — like Greece — will default on its debts, as the US has ...  New York Daily News
Euro Grinds Lower in Asia After Greece Default
WELLINGTON, New Zealand—The euro is grinding lower in Asia after Greece became the first developed country to default on the International Monetary Fund, as the rescue program that has sustained it for five years expired and its creditors rejected ...
Greek default: five possible future currency arrangements  The Australian
Asia steadies, euro bears Greek burden  Reuters India
Nike Co-Founder Phil Knight to Step Down as Chairman
Nike co-founder Phil Knight, who built the iconic athletic gear brand from a small-scale shoe business, will step down as chairman next year, the company announced on Tuesday.
What you didn't know about Nike  NEWS.com.au
Phil Knight, former U. of Oregon miler, to retire as Nike board chairman  seattlepi.com (blog)
Though Charter Is Expiring, Export-Import Bank Will Keep Its Doors Open
WASHINGTON - Time was running out on the nation's 81-year-old Export-Import Bank on Tuesday, but its employees were not. Instead they casually walked in and out of the bank's classical headquarters a block from the White House, none of them carrying ...
US exporters scramble to save deals as trade bank halts new business  Reuters
U.S. Export-Import Bank expires: Obama will try to revive it at July 8 meeting  seattlepi.com (blog)
Apple Rule of Unreason
Perhaps logic will some day infiltrate antitrust enforcement, but not yet. On Tuesday a divided federal appeals court revived the competition doctrine of the early 20th century and upheld the risible antitrust campaign against Apple.
Apple loses appeal on e-book price-fixing case, will pay $450 million  Christian Science Monitor
Apple loses appeal on e-book antitrust suit  Los Angeles Times
Chinese Stocks Rise for Second Day on Government Support
China's stock-index futures slipped after data showed margin debt slumped for a seventh day in the longest losing streak in three years and an official manufacturing index missed economists' estimates.
real action is in China, not Greece  The Australian
For China Stock Investors, 2015 Has Been: Two Steps Forward, One Back  Wall Street Journal
Phone, TV outages in Sacramento after fiber-optic cables vandalized in Bay Area
Internet, phone and cable service to customers in Northern California were compromised Tuesday after authorities say a cluster of fiber-optic cables were vandalized in the Bay Area.
FBI Investigates New Attack On Internet Fiber Optic Cables  Wall Street Journal
FBI investigating new fiber cable attack in California  Reuters
Japanese Business Mood Improves Despite Gloomy Data
TOKYO - The mood among big Japanese corporations is unexpectedly upbeat despite recent data showing the recovery appears to be stalling.
Japan business confidence hits best level since March 2014: Bank of Japan  Economic Times
EconomyIn Abenomics win, Tankan outpaces gloomy forecasts  Financial Times