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U.S. markets news

An unfruitful jobs recovery rewrites the definition of full employment
At this point in its long recovery, the U.S. economy has plenty of jobs and few of the fruits that were expected to come with them.
Mixed US jobs report dampens September rate hike bets  Reuters
Asian Morning Briefing: US Stocks End Slightly Lower  Wall Street Journal
The Globe and Mail  
Greece will need relief for 'unsustainable debt', says IMF
Greece will need debt restructuring and a possible debt write-down to tackle its “unsustainable debt”, the International Monetary Fund (IMF) said on Thursday in a stark analysis of the embattled Greek economy.
EU Calls Greece's Bluff, Is Athens Going To Fold?  Forbes
Grexit is not of Greeks' choosing  Mail & Guardian Online
BP agrees to pay $18.7-billion settlement in Gulf of Mexico oil spill
Five years after the nation's worst oil spill scarred fragile shorelines along the Gulf of Mexico and sent economies into a tailspin, the British oil company BP has reached an $18.7-billion settlement designed to close one of the most contentious ...
BP reaches $18.7 billion settlement over deadly 2010 spill  Reuters
BP will pay $US18.7 billion for the Deepwater Horizon oil spill  Sydney Morning Herald
Puerto Rico's sovereignty status poses debt difficulties
Puerto Rico made payments of approximately $2 billion to creditors on Wednesday, staving off imminent default. But the island's options for facing down its massive debt remain limited, and many analysts say the territory's peculiar sovereignty status ...
Puerto Rico's governor says creditors are responsible for helping island ...  Fox News
'A lot to come' can disrupt Puerto Rico: Expert  CNBC
Whole Foods admits to overcharging customers. Does the apology ring true? (+ ...
Whole Foods co-CEOs John Mackey and Walter Robb apologized Thursday for overcharging customers in New York City, claiming the overages were largely a result of worker error.
Whole Foods Is Sorry It Systematically Lied About Some of Its Prices  Slate Magazine (blog)
Whole Foods Apologizes for Overcharging Customers  ABC News
Centene Makes $6.3B Bid for Fellow Insurer Health Net
Centene has jumped into the mix of managed-care companies scrambling to bulk up as the health care overhaul changes their business with a $6.3-billion bid for fellow insurer Health Net.
Health Net and BP are big market movers  Salt Lake Tribune
Health insurer Centene adds muscle with $6.3-billion Health Net deal  The Globe and Mail
Solar-powered plane breaks solo flight record across Pacific to Hawaii
HONOLULU A Swiss man attempting to circumnavigate the globe with an aircraft powered only by the sun's energy has broken a world record for the longest non-stop solo flight, the pilots said on Thursday.
Swiss pilot breaks endurance record aboard experimental Solar Impulse flight  New York Daily News
Solar Impulse sets new world record with longest solo flight  Times of India
Ren´┐Że James, President of Intel, Is Leaving the Company
SAN FRANCISCO - The president of Intel is moving on, and the chief executive appears to be using the occasion for a sweeping reorganization of his company, the world's largest maker of semiconductors.
Intel President Renee James ends 28-year career with chip giant  San Jose Mercury News
Intel president steps down to seek CEO role elsewhere  The Columbian
UPDATE 1-FTC approves Dollar Tree's takeover of Family Dollar
(Adds details, background). July 2 (Reuters) - Dollar Tree Inc was given the go-ahead to buy Family Dollar Stores Inc by the U.S. Federal Trade Commission on condition that they sell 330 Family Dollar stores, putting to rest a year-long merger saga.
Dollar Tree and Family Dollar Will Sell 330 Stores to Seal Merger Deal  New York Times
Dollar Tree wins antitrust clearance for Family Dollar takeover  Chicago Tribune
Sealed Air hopes to elate customers with deflated Bubble Wrap
Charlotte-based Sealed Air is launching a new version of Bubble Wrap that's space and cost-efficient. But unlike the signature product it's made for over half a century, the new packaging doesn't pop.
New Bubble Wrap is infuriatingly unpoppable  The Times (subscription)
Sorry kids, you can't pop Bubble Wrap anymore  Fortune