Europe gives tired cheer to Greek rescue deal
LONDON (Reuters) – World markets gave a weary cheer on Monday as euro zone leaders emerged from-all night talks in Brussels with a deal to keep Greece afloat and part of the euro currency union.
Nintendo CEO who broadened video game appeal dies of cancer
TOKYO (Reuters) – Nintendo Co Ltd Chief Executive Satoru Iwata died of cancer on Saturday, months after he led the Japanese video-game maker’s belated entry into mobile gaming following years of declining sales. He was 55.
GM to recall 155,000 vehicles in India to fix wiring trouble
NEW DELHI (Reuters) – General Motors Co will recall 155,000 vehicles in India, its largest such exercise to date in the country, in order to fix wiring problems linked to a remote keyless entry accessory.
Breaking ranks, ClearBridge’s Kagan frets over CEO pay ‘arms race’
BOSTON (Reuters) – U.S. companies often pay their CEOs far too much compared with their lowest-paid workers as boards of directors compete to compensate their top executives more than peers.
Euro zone leaders: Greece must do more to earn rescue
BRUSSELS (Reuters) – Euro zone leaders told near-bankrupt Greece at an emergency summit on Sunday it must enact key reforms this week to restore trust before they will open talks on a financial rescue to keep it in the European currency area.
China’s bid to extend economic diplomacy entangled in EU fund rules
BRUSSELS (Reuters) – China could invest up to 10 billion euros ($11.1 billion) in Europe’s new infrastructure fund, but a final decision is being held up by the complex mechanics of a deal to give Chinese technology companies a greater role in Europe, …
Euro slips, bonds bid as Greece crisis drags on
SYDNEY (Reuters) – The euro slipped in early Asian trading on Monday while top-rated bonds caught a safe-haven bid as the Greek debt crisis seemed set to rumble on for yet another week while a key reading on economic growth loomed for Chinese markets.
Unilever in search for new chairman – Sky News
(Reuters) – Anglo-Dutch consumer products group Unilever is searching for a new chairman to replace Michael Treschow, who has been in the job since 2007, Sky News reported on Sunday.
Jarden close to acquiring Waddingon Group for $1.4 billion: source
(Reuters) – Consumer goods company Jarden Corp is close to acquiring disposable tableware maker Waddington Group for around $1.4 billion, according to a source familiar with the matter.
High valuations weigh on U.S. stocks ahead of earnings
NEW YORK (Reuters) – As companies in the benchmark Standard & Poor’s 500 begin to release lackluster second quarter results, rich valuations threaten to keep the U.S. stock market spinning in place.
