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U.S. markets news

With All Eyes on Greece, Markets Hold Steady
PARIS - Global stock markets stabilized on Tuesday as hope arose that Prime Minister Alexis Tsipras of Greece might still reach a last-minute deal with his country's international creditors, but Athens missed a deadline for a critical loan repayment ...
Greece Defaults on IMF Loan Despite New Push for Bailout Aid  Wall Street Journal
Oil prices drop after Greece defaults on IMF payment  Reuters
Asia steadies, euro bears Greek burden
SYDNEY Asian share markets were in a guarded mood on Wednesday as Greece became the first developed economy to default on a loan with the IMF, setting the scene for another day of uneasy action.
Treasuries Swing as Investors Weigh Greece's Missed IMF Payment  Bloomberg
IMF confirms debt due by Greece has not been paid, Greece officially in arrears  Washington Post
5 ways Puerto Rico's debt crisis echoes Detroit
The root causes of Puerto Rico's debt crisis bear a striking resemblance to the financial collapse of Detroit, which filed for bankruptcy in 2013 to escape a crushing debt load amid a severely diminished tax base.
Puerto Rico to go bankrupt with €64bn debts  Irish Independent
More Puerto Ricans consider exit as crisis deepens  Reuters
Treasuries Rise as Greece Snubs IMF; Stocks Swing, Ringgit Soars
Asian stocks swung, while the euro held declines as investors mulled the next step for Greece, with the beleaguered nation in arrears to the International Monetary Fund ahead of Sunday's referendum.
Morning MoneyBeat Asia: US Stocks Finish Weak First Half With Whimper  Wall Street Journal (blog)
CANADA STOCKS-TSX higher as energy shares gain; down 3 pct in June  Reuters
US exporters scramble to save deals as trade bank halts new business
WASHINGTON, June 30 U.S. exporters large and small scrambled on Tuesday to urge foreign customers not to abandon deals supported by the U.S.
US Ex-Im Bank can't back new exports as charter lapses
Ex-Im Bank can't back new U.S. exports as charter lapses  The Seattle Times
Courthouse News Service: Sysco's Merger With US Foods Blocked in Court
The decision by US District Judge Amit Mehta in Washington handed a victory to the Federal Trade Commission, which filed a lawsuit in February challenging the transaction on antitrust grounds.
Sysco Bows Out of Merger, Hooters and Ruth's Chris Remodeling and More  Foodservice Equipment & Supplies
Sysco pulling out of US Foods buyout after FTC move  Sentinel Republic
Manufacturing slump points to unemployment increase: Ai Group
New research indicates Australia's weak economy is driving a sharp contraction in the manufacturing sector, raising fresh fears the unemployment rate will rise further.
China June official PMI steady at 50.2, misses forecasts  CNBC
Manufacturing activity slumps in June  The Daily Telegraph
JetBlue nixes free checked bags. How do other airline fees compare? (+video)
JetBlue has eliminated its policy allowing all customers to check one bag for free and introduced a system that bases baggage fees on fare prices.
Airline fees we love to hate  CNN
JetBlue's Glory Days Are Over as Airline Introduces Checked Bag Fees  Newsweek
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 antitrust suit  Los Angeles Times
Apple was in on fix to raise prices of e-books to compete with Amazon, court ...  New York Daily News
Nike founder Phil Knight stepping down
Phil Knight, who built Nike from a modest US shoe company into a global sports gear giant, plans to step down as chairman next year.
Nike co-founder Phil Knight to step down as chairman  USA TODAY
Nike co-founder Knight to step down  Belfast Telegraph