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U.S. markets news

FOREX-Yen drops as upcoming US data puts Greek fears on hold
... * Flood of U.S. data including payrolls could point to rate hike. * Sunday's referendum could be flash point for Greece. * Kiwi plunges below 67 cents for first time in 5 years.
Dollar firms before payrolls, Greece unease simmers  DunyaNews Pakistan
Dollar takes centre stage as data looms, Greece worries fester  Hindustan Times
Wall Street Journal (blog)  
Sweden's Krona Weakens After Riksbank Unexpectedly Cuts Rates
Sweden's krona weakened, set for steepest decline in almost five weeks against the euro, after the nation's central bank unexpectedly cut interest rates to limit gains in its currency.
Sweden cuts key interest rate saying Greek crisis has 'substantially ...  Fox Business
Sweden's Central Bank Cuts Main Rate  Nasdaq
California: Record water savings shows big cuts possible
SACRAMENTO, Calif. (AP) - Water use in drought-stricken California plunged by record levels in May, and Gov. Jerry Brown's administration cited that as proof cities can hit steep summer conservation targets they have blasted as unfair.
Californians shoot past Gov. Jerry's Brown's water conservation targets  San Jose Mercury News
California residents cut water use by hefty 29% in May, officials say  Los Angeles Times
Xiaomi sales put full-year goal in doubt
Slowing mobile phone sales in China look to be complicating plans by Xiaomi to nearly double sales this year, as the upstart handset maker released disappointing numbers for the first half of the year.
Xiaomi's smartphone sales growth has ground to a halt  Quartz
Dream run over for Xiaomi? H1 sales put full-year target in doubt  Times of India
Whole Foods execs: We overcharged some N.Y. customers
John Mackey and Walter Robb admitted to the error in a two-minute video on YouTube, and explained how they plan to prevent the errors in the future.
Whole Foods Admits to Sometimes Overcharging Customers  TIME
Whole Foods Co-CEOs Admit To Overcharging Customers  Huffington Post
On-demand startups get more heat over using contractors
Facing intense pressure, a fast-growing category of Silicon Valley companies is slowly changing its tune about the benefits of freelance workers.
After Uber ruling, pressure mounts on companies to reclassify contractors  ITworld
Wading Into Silicon Valley Debate, Shyp Will Make Employees of Its Contractors  Wall Street Journal (blog)
Saudi Prince Alwaleed bin Talal Vows to Donate $32 Billion to Charity
DUBAI, United Arab Emirates - Saudi Arabia's Prince Alwaleed bin Talal, one of the world's richest people, announced Wednesday that he will donate all of his wealth of $32 billion to charity over the coming years.
Why Saudi prince is giving away $32 billion  gulfnews.com
Saudi Prince Al-Waleed bin Talal is donating a cool �28billion to charity  Metro
U.S. Manufacturing Sector Strengthens In June
The US manufacturing sector expanded in June with ISM manufacturing index showing a reading of 53.5, the highest in five months. Last month reading was 52.8; Current month print is more than what market was expecting.
US Factories End Quarter on a Broad Upswing  Wall Street Journal
EconomyManufacturing pickup sharpens focus on US jobs  Financial Times
Electrolux Boss Vows to Complete GE Appliance Deal Despite DOJ lawsuit
STOCKHOLM— Electrolux ELUXY -9.29 % AB boss Keith McLoughlin has vowed to press ahead with the $3.3 billion purchase of General Electric Co.
Electrolux CEO says partial GE appliances deal doesn't make sense  Reuters
Electrolux Vows to Complete GE Deal  Nasdaq
Nike plans smooth succession at the top
Lauren Coleman-Lochner. NIKE chief executive Mark Parker was tapped to become the sneaker maker's next chairman, part of a succession plan for the day when co-founder Phil Knight steps down from the role.
Nike co-founder Knight to step down as company chairman  Firstpost
Nike co-founder Knight will step down as chairman  Tulsa World