Greece offers new proposals to avert default, creditors see hope
BRUSSELS (Reuters) – Greece took a step back from the abyss on Monday with the presentation of new budget proposals that euro zone leaders welcomed as a basis for a possible agreement in the coming days to unlock frozen aid and avert a looming default….
Wall Street rises on Greece optimism, Nasdaq ends at record
NEW YORK (Reuters) – U.S. stocks ended higher on Monday, with the Nasdaq closing at a record as hopes grew that a deal would be reached to prevent Greece from defaulting on loans.
Anthem confident, but experts see antitrust hurdles to Cigna deal
NEW YORK/WASHINGTON (Reuters) – U.S. health insurer Anthem Inc on Monday dismissed concerns that buying smaller competitor Cigna Corp would be considered anti-competitive, even as antitrust experts said the combination would earn regulatory scrutiny.
First-time buyers lift U.S. home sales to 5-1/2-year high
WASHINGTON (Reuters) – U.S. home resales surged to a 5-1/2-year high in May as first-time buyers stepped into the market, the latest indication that housing and overall economic activity were gathering steam in the second quarter.
Amazon to pay self-published authors based on pages read
(Reuters) – It could soon pay more to write lengthier books, if you are an author self-publishing on Amazon.com Inc’s Kindle ebook platform.
French government hardens stance on Altice’s bid for Bouygues Telecom
PARIS (Reuters) – European telecoms group Altice’s bid for Bouygues Telecom risks creating a French operator that is “too big to fail” and that could threaten jobs, France’s economy minister said on Monday, hardening his government’s opposition.
Caterpillar will lay off workers due to mining sector slump
CHICAGO (Reuters) – Caterpillar, Inc. will lay off another 50 workers at its East Peoria, Illinois campus on Monday because of a downturn in demand for mining equipment, the company said.
JPMorgan banker Jimmy Lee mourned by Wall Street notables at memorial
NEW YORK (Reuters) – When JPMorgan Chase Chief Executive Officer Jamie Dimon had cancer last year, banker Jimmy Lee came to his office every day to give him a hug and tell him that he loved him like a brother.
Oil down on gasoline buildup fear; Greek debt worry
NEW YORK (Reuters) – Crude oil futures fell for a second straight session on Monday on concerns that U.S. demand for gasoline may fade after a strong stretch and in worries about the potential fallout from the Greek debt crisis.
Exclusive: CVC and Temasek to buy $2billion generic drugs firm Alvogen
LONDON (Reuters) – European private equity fund CVC and Singaporean sovereign wealth fund Temasek [TEM.UL] are to buy a controlling stake in the pharmaceutical firm Alvogen, its chairman and chief executive said.
