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  • NEW YORK, June 2- U.S. stocks rose on Tuesday helped by the dollar's decline and bond yields rose while investors searched for clarity on Greece's debt crisis. Athens faces a Friday deadline to repay 300 million euros to the International Monetary Fund. "It is all revolving around the climactic situation in Europe," said Ken Polcari, Director of the NYSE floor...

  • NEW YORK— A New York City nonprofit that supports language instruction in public schools is teaming up with Barnes& Noble to help students keep learning languages over the summer. The Barnes& Noble on East 86th Street in Manhattan will host a Spanish sing-along Wednesday afternoon. The Global Language Project started in 2009 in one elementary school in...

  • WASHINGTON, June 2- Sikorsky Aircraft, a unit of United Technologies Corp, on Tuesday said it would cut 1,400 jobs and consolidate facilities, with lower oil prices sharply reducing demand for helicopters in the oil and gas sectors, and international military orders down. "Today's announcement is based on the current challenging market conditions and is...

  • NEW YORK— Wearable fitness tracking device maker Fitbit, which filed for an initial public offering last month, said Tuesday that it now expects the offering to raise about $450 million. The company disclosed that it is planning an IPO of 29.9 million shares priced at $14 to $16 per share. Fitbit Inc. filed for an IPO worth up to $100 million on May 7.

  • The likelihood of high global supplies from OPEC's lack of will to cut output when it meets this week remained a factor for the market, but did not immediately impact prices. Ministers from the Organization of the Petroleum Exporting Countries, responsible for more than a third of the world's crude output, meet in Vienna on Friday to decide on production policy...

  • *Factory orders fall 0.4 percent in April. WASHINGTON, June 2- New orders for U.S. factory goods fell in April as demand for transportation equipment and other goods weakened, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. Households are gradually boosting their spending on manufactured goods, "...

  • Diesel founder Renzo Rosso, chairman and main shareholder of Maison Margiela's parent OTB group, said sales were already up 20 percent at the fashion house even though only a few of Galliano's pieces had so far reached the shelves. Galliano, widely hailed as one of the most talented designers of his generation, fell from grace in 2011 after a video went viral of him...

  • Hudson's Bay Co, the parent of Lord and Taylor and Saks Inc, said in February it would form two real estate joint ventures, paving the way for it to sell some of its property assets. Shares of Hudson's Bay have risen almost 50 percent over the last 12 months. Sears Holdings Corp also said in April it plans to spin off 254 stores into a real estate investment trust next...

  • Google demands movie studios comply with subpoenas Tuesday, 2 Jun 2015 | 11:51 AM ET

    NEW YORK, June 2- Google Inc has asked a federal judge to require three major movie studios to comply with subpoenas it believes may help show they conspired with Mississippi Attorney General Jim Hood as he investigated the Internet search company. In a request made public on Tuesday in Manhattan federal court, Google said Viacom Inc, Twenty-First Century Fox...

  • Greece's creditors are close to finishing a draft agreement to put to the leftist government in Athens, a source close to the talks said on Tuesday, injecting new momentum into long-running negotiations to release aid for the cash-strapped country. Yannis Stournaras, the head of the Greek central bank, said an agreement between Athens and its creditors from...

  • NEW YORK— Men's Wearhouse founder George Zimmer, who was ousted from the suit retailer two years ago, still wants you to "like the way you look." Zimmer was abruptly fired as executive chairman of Men's Wearhouse Inc. in 2013, about 40 years after founding the company. Scott Silverstein, a former president at a Men's Wearhouse subsidiary, will run the day-to-day...

  • *Hopes for Greece deal with creditors lifts euro. NEW YORK, June 2- The euro strengthened against the U.S. dollar, which was on track on Tuesday to post its biggest one-day loss against the single currency since mid-March, on expectations that Greece would reach a deal with its creditors. "It's certainly my expectation that within the next two days you're going to see...

  • The battle to be the world's No. 1 restaurant once again felt like a tussle between Spain and Denmark, with Italy caught in the middle. El Celler de Can Roca in Girona, Spain, got the top spot on the annual The World's 50 Best Restaurants announced Monday in London, beating Noma, Rene Redzepi's daringly innovative Danish restaurant, which fell from first to third place.

  • HAVANA— In the two months since Airbnb started doing business in Cuba, listings have ballooned to about 2,000. The website makes it relatively easy to find lodging in a country that's largely been cut off from the online booking systems most travelers take for granted. But while Airbnb offers authentic local experiences and cheap options in Cuba, just like it...

  • NEW YORK, June 1- Florida Senator Marco Rubio has one; Texas Senator Ted Cruz has one; even former Pennsylvania Senator Rick Santorum, considered a longshot for the Republican presidential nomination in 2016, has a billionaire in his corner. Wisconsin Governor Scott Walker has two. Some voters in Philadelphia, for example, were turned off by the billionaires...

  • Alcoa invests in facility to meet jet engine demand Tuesday, 2 Jun 2015 | 8:53 AM ET

    NEW YORK— Alcoa Inc. is investing $22 million in a Michigan plant so it can meet demand for jet engines. New York- based Alcoa expects the new technology at the Whitehall, Michigan, plant will be ready for product qualification in 2016.. Through expansions in LaPorte, Indiana, and Hampton, Virginia, and by expanding its 3- D printing capabilities, Alcoa is extending...

  • Cracker Barrel beats 3Q profit forecasts Tuesday, 2 Jun 2015 | 8:16 AM ET

    NEW YORK— Cracker Barrel Old Country Store Inc. reported better-than-expected fiscal third-quarter profit, driving its stock higher in premarket trading Tuesday. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share. Cracker Barrel expects full-year earnings in the range of $6.60 to $6.70 per...

  • ANKARA, Turkey— Turkish President Recep Tayyip Erdogan on Tuesday filed a legal complaint against a newspaper and its editor for publishing images of alleged arms-smuggling to Syria, despite criticism from a media freedom group who called on him to stop "bullying" journalists. The state-run Anadolu Agency said Erdogan filed a complaint with the Ankara chief...

  • ALBANY, N.Y.— With new competition looming, a New York Indian tribe is expanding its gambling business with a small "The Wizard of Oz"- themed casino in a strip mall near Syracuse. The Yellow Brick Road Casino on Indian land near a Chittenango grocery store is modest compared with the Oneidas' sprawling Turning Stone Resort Casino some 20 miles east.

  • Investors were also following the latest economic news and negotiations between Greece and its creditors. A report from Europe showed that consumer prices are rising there for the first time in six months. PVH Corp., the company behind Calvin Klein and Tommy Hilfiger, was among the day's biggest winners.