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  • TOKYO— Asian stock markets bounced back Tuesday, recouping some of the previous day's sharp losses, but investors remained worried the crisis in Greece could spread to other financially weak countries. China's Shanghai Composite was down 0.6 percent at 4,052.47 while Australia's S&P/ASX 200 was little changed at 5,423.70. "Most traders are well prepped over...

  • President Barack Obama on Monday announced a proposal that would make nearly 5 million more workers eligible for overtime pay, a move that would touch nearly every sector of the U.S. economy and could face legal challenges. Obama in an editorial posted on the Huffington Post website said the proposal would more than double the maximum income a salaried worker...

  • *Wall Street posts steep losses as Athens appears set to default. TOKYO, June 30- Asian shares edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched toward defaulting on a looming debt payment, raising the likelihood of the cash-strapped nation's exit from the euro zone. Greece will not pay a 1.6 billon euro loan instalment due the...

  • *NBC drops' Miss USA' and' Miss Universe' pageants. June 29- NBC cut ties with U.S. presidential candidate Donald Trump and the "Miss USA" and "Miss Universe" pageants on Monday after the real estate developer and TV personality made comments insulting Mexicans earlier this month. The decision by Comcast Corp- owned NBC was announced four days after Spanish-language...

  • *Former bankruptcy judge: Puerto Rico "urgently needs our help". Steven Rhodes, the retired U.S. bankruptcy judge who oversaw Detroit's historic bankruptcy and has now been retained by Puerto Rico to help solve its problems, gave a blunt assessment on Monday. Puerto Rico "urgently needs our help," Rhodes said.

  • *Wall Street posts steep losses as Athens appears set to default. TOKYO, June 30- U.S. stock futures edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched toward defaulting on a debt payment due later in the session, raising the likelihood of the cash-strapped nation's exit from the euro zone. Greece will not pay a 1.6 billon euro loan...

  • NEW YORK/ LONDON, June 29- Mergers and acquisitions worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share. These include Royal Dutch Shell Plc's $70 billion acquisition of British rival BG Group Plc, cable...

  • LONDON/ HONG KONG, June 30- Money raised in global equity capital markets rose in the first half of the year to top $500 billion, but bankers' fees fell as secondary share sales supplanted lucrative stock market listings as the dominant deals. Initial public offerings had reigned supreme in the first half of last year, but they dropped by 18 percent to $96.8 billion...

  • Heinz Co after that company merges with Kraft Foods Group Inc, both companies said. Brazilian firm 3 G Capital and Warren Buffett's Berkshire Hathaway Inc bought Heinz in 2013.. The two who will remain are Jim Savina, who will become Kraft Heinz's general counsel, and George Zoghbi, who will become chief operating officer of the U.S. commercial business.

  • SAN FRANCISCO— Microsoft is handing off some its digital advertising business to AOL and selling its street-image mapping operation to Uber, as the giant software company tries to focus on activities more relevant to its core business. AOL, meanwhile, is adopting Microsoft's Bing search engine, replacing Google as the default option for visitors who want to...

  • NEW YORK, June 29- Nearly two years ago Brazil sought U.S. investors' help to fund its seaports, railroads, highways and airports. She and other Brazilian officials visited New York on Monday, touting an open and transparent bidding process for contracts to operate roads, railways, airports and harbor terminals. "There is a clear and strong demand for infrastructure...

  • NEW YORK, June 29- Puerto Rico is "insolvent" and will soon run out of cash, according to a newly appointed adviser to the commonwealth who was the judge who oversaw the historic bankruptcy of Detroit. The U.S. territory's future hinges on gaining eligibility for debt restructuring under the U.S. bankruptcy code, a process it does not currently have access to, said...

  • Michael Cloherty, head of U.S. rates strategy at Royal Bank of Canada's RBC Capital Markets unit in New York, said events in Greece did not significantly change the outlook for the Fed. "This isn't a' watch Greece' situation... While we have chaos in Greece, there are no signs of dramatic contagion yet, and that's why it doesn't change the Fed's tone, "he said.

  • *Greece will not pay IMF on Tuesday: Govt official. *Euro STOXX 50 index- biggest one-day fall since 2011. And Greece appeared to confirm it was heading for a default after a government official said the country would not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday.

  • NEW YORK _ Cinedigm Corp. on Monday reported a loss of $11 million in its fiscal fourth quarter. On a per-share basis, the New York- based company said it had a loss of 14 cents. For the year, the company reported that its loss widened to $31.3 million, or 41 cents per share.

  • NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. MBIA Inc., down $1.95 to $6.37. National Bank of Greece, down 31 cents to 97 cents.

  • Hanna Bouveng, 25, accused Benjamin Wey in an $850 million lawsuit of using his power as owner of New York Global Group to coerce her into four sexual encounters before firing her after discovering she had a boyfriend. Bouveng, who was raised in Vetlanda, Sweden, testified that soon after Wey hired her at New York Global Group, the CEO began a relentless quest to have...

  • NEW YORK, June 29- A federal jury on Monday ordered the chief executive officer of a Manhattan investment firm to pay $18 million in damages to a former employee for sexual harassment and defamation. Benjamin Wey, who heads up New York Global Group, was accused of using his power to coerce Hanna Bouveng, 25, into having sex, firing her when she refused further...

  • NEW YORK, June 29- Brazil's President Dilma Rousseff on Monday drew on her own experience as a political prisoner during the country's dictatorship to denounce informants in a corruption scandal that has pummeled her popularity. Speaking to journalists in New York, Rousseff contrasted her experience in jail in the early 1970 s opposing Brazil's...

  • *Yen gains after Greece fails to reach deal, sets vote. A Greek official said Greece will miss a $1.77 billion debt repayment to the International Monetary Fund due on Tuesday, after the country's European partners shut the door on extending a credit lifeline. Greece Prime Minister Alexis Tsipras announced bank holidays and other capital controls to keep banks...