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  • VANCOUVER, July 7- Shares of Silver Wheaton Corp fell more than 10 percent on Tuesday after the mining finance company said it might have to pay $200 million or more in taxes and penalties in Canada. Vancouver- based Silver Wheaton said late on Monday it had received a letter from the Canada Revenue Agency, which is proposing taxing about C $715 million of income...

  • WASHINGTON— The head of the Environmental Protection Agency says a Supreme Court ruling that undermined a federal rule targeting mercury pollution will not affect the Obama administration's plan to limit greenhouse gas emissions to slow the effects of global warming. EPA Administrator Gina McCarthy says she is disappointed at last week's court ruling,...

  • *China stock markets fall again. *Concern about Greece dogs oil market. NEW YORK, July 7- U.S. crude resumed its decline on Tuesday, sinking for a second straight day as investors fled to safe havens on worries about a near-bankrupt Greece and China's stock market losses, with technical selling threatening to push oil into a bear market.

  • JERUSALEM— Ten years ago, a small group of Palestinian activists had a novel idea: Inspired by the anti-apartheid movement, they called for a global boycott movement against Israel as a nonviolent method to promote the Palestinian struggle for independence. The BDS movement— named for its call for boycotts, divestment and sanctions against Israel— began as an...

  • *Iran deal could come in next 48 hours. LONDON, July 7- Iran, the United States and five other major powers are trying to reach an agreement to restrain the Iranian nuclear programme in exchange for relief from economic sanctions. Richard Nephew, Program Director at the Center for Global Energy Policy at Columbia University, in New York, said he thought...

  • *U.S. stocks fall, MSCI world index down 0.8 pct. NEW YORK, July 7- Global equity markets fell on Tuesday and the euro hit a five-week low against the dollar as euro zone leaders held an emergency summit to discuss Greece's future in the currency bloc, while commodities sold off on China demand worries. Copper prices dropped to a six-year low following the dollar's...

  • NEW YORK— Shares of Shake Shack have slumped this summer, and they dropped around 10 percent Tuesday after a Morgan Stanley analyst said the burger chain's stock is still too expensive. John Glass has a price target of $38 on Shake Shack stock and said there is "an extreme disconnect" between the stock's price and what it's actually worth. Shake Shack Inc. stock lost...

  • The Transportation Department said Tuesday that 80.5 percent of flights operated by the leading airlines were on time in May, up from 76.9 percent in May 2014. Ten of those flights were on the same stormy day at Bush Intercontinental Airport in Houston. Spirit Airlines has the highest complaint rate among the 14 airlines covered in the report.

  • NEW YORK, July 7- Jon Corzine and other former MF Global Holdings Ltd officials have reached a $64.5 million settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures brokerage's 2011 bankruptcy. The class action accord would boost the investors' recovery to $204.4 million, including $74.9 million from...

  • ATHENS, Greece— Greece is known the world over for its historic sites, sparkling sea, and lovely, vine-shaded restaurants. This is the reality facing tourism in Greece this year, as the peak summer season in the popular destination is threatened by a financial crisis of frightening proportions. "There's something mystical about Greece," said the Australian who...

  • CHICAGO, July 7- U.S. soybean futures touched a one-week low on Tuesday and grain futures slipped as a wave of concern about the global economy dragged down commodities and equities. "When you throw in the uncertainty that Greece is creating with the European economy and the collapse of the Chinese market, fund managers are going to sell commodities," said Arlan...

  • MINNEAPOLIS— Food maker General Mills announced a major move toward cage-free eggs Tuesday as part of an updated animal welfare policy that now extends throughout its global supply chain. Eggs are an important ingredient in many products for General Mills, whose brands include Betty Crocker, Pillsbury, Progresso soups, Yoplait yogurt and Hamburger Helper.

  • PALO ALTO, Calif.— SurveyMonkey has named a Hewlett-Packard Co. executive to take over for CEO David Goldberg, who died in May while vacationing in Mexico. Bill Veghte, who was chief operating officer at HP, will become SurveyMonkey's CEO on Aug. 1, the company said Tuesday. He most recently led HP's enterprise group and has held executive posts at Microsoft Corp..

  • He also urged Washington to make changes to U.S. bankruptcy laws to include Puerto Rico. Like U.S. states, Puerto Rico, a commonwealth, cannot file for bankruptcy protection. "As a first step, Congress should provide Puerto Rico the same authority that states already have to enable severely distressed government entities, including municipalities and public...

  • NEW YORK, July 7- U.S. Demand for Treasuries left yields on 30- year Treasuries below 3 percent and also was driven by China's slumping equities markets, according to traders. Chinese stocks have declined almost 30 percent since the middle of June, and China's CSI 300 index of the biggest listed companies in Shanghai and Shenzhen closed down 1.8 percent on Tuesday...

  • *China stock markets fall again, Greece fights to stay in euro. NEW YORK, July 7- U.S. crude tumbled about 2 percent on Tuesday, sinking for a second straight day as investors fled to safe havens on worries about a near-bankrupt Greece and China's stock market losses and as technical selling threatened to push oil into a bear market. U.S. crude was down $1.15, or 2.2...

  • Congress outlawed political contributions by federal contractors largely in response to a New Deal-era scandal involving Democratic Party operatives and contractors. The appeals court ruled against a university law professor who holds a $12,000 federal contract and two retirees working for the U.S. Agency for International Development as...

  • NEW YORK— Sarah Palin has a new book coming out, with a new publisher. Regnery Publishing, a conservative press based in Washington, D.C., announced Tuesday that it was planning a November release for Palin's "Sweet Freedom: A Devotional." The former Alaska governor and GOP vice presidential candidate published her other books, notably the million-selling "Going...

  • NEW YORK, July 7- Equity markets around the world fell while the euro slid to a five-week low against the dollar on Tuesday amid concerns over Greece's future as euro zone leaders were set to meet for an emergency summit on the country's debt crisis. "Markets seem to be losing patience and faith in the Athens' debt crisis ending with Greece's banks intact and the...

  • NEW YORK, July 7- Jon Corzine and other former executives and directors at MF Global Holdings Ltd have reached a $64.5 million settlement of litigation in which investors sought to hold them responsible for the now-defunct futures brokerage's 2011 bankruptcy. The preliminary all-cash settlement was disclosed in a Tuesday court filing, and requires...