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  • WASHINGTON— The Conference Board releases its June index on U.S. consumer confidence Tuesday at 10 a.m. Eastern. CONFIDENCE UP: The expectation is that consumer confidence will rise to 97.4 in June, according to a survey of economists by data firm FactSet. A separate survey of consumer sentiment compiled by the University of Michigan that was released last week...

  • After months of wrangling and acrimony, the growing possibility that Athens could be forced out of the single currency brought into sharp focus the chaos that could be unleashed in Greece as well as the danger that would arise for the stability of the euro. "What would happen if Greece came out of the euro? There would be a negative message that euro membership is...

  • WASHINGTON— They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. "We've got to keep making sure hard work is rewarded," President Barack Obama wrote in an op-ed published Monday in The Huffington Post. Employers can now often get around the rules: Any salaried employee who's paid more than $455 a week— or $23,660...

  • But Greek government sources said the leftist premier stood by his rejection of the creditors' conditions and Greece would default on a crucial repayment due to the International Monetary Fund on Tuesday, plunging it deeper into financial crisis. EU and Greek government sources said Jean-Claude Juncker had offered to convene an emergency meeting of euro...

  • —after NBC dumped the real estate mogul Monday over comments he made about immigrants during his recent presidential campaign kickoff speech. But as he launches his 2016 presidential bid in earnest, his latest comments— that some Mexican immigrants bring drugs and crime to the country and are rapists— offended many, were denounced by Mexican-American groups...

  • Congress failed to renew the bank's charter because of opposition from Republicans who say it amounts to corporate welfare. Some questions and answers about the Export-Import Bank, and its future:. Q: What does the Export-Import Bank do?

  • Alejandro Garcia Padilla said Monday night that he will start meeting this week with legislators of all political parties as well as religious leaders and business owners to talk about how best to solve the financial crisis, which has drawn comparisons to the debt crunch that has hit Greece. Garcia's administration has pushing for the right of Puerto Rico's...

  • WASHINGTON— Salaried workers who earn nearly $1,000 per week would become eligible for overtime pay under a proposal President Barack Obama unveiled Monday, lamenting that too many Americans are working too many hours for less pay than they deserve. The long-awaited overtime rule from the Labor Department would more than double the threshold at which...

  • *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.

  • LONDON- Reserve Bank of Australia Governor Glenn Stevens speaks at an event hosted by Official Monetary and Financial Institutions Forum- 0840 GMT. LONDON- Bank of England's Paul Fisher speaks at the Financial Times Future of Insurance event- 0840 GMT. VIENNA- European Central Bank Governing Council member Ewald Nowotny to give a keynote speech at "Raiffeisen...

  • *EU in legal quandary over Greece in the euro zone. Greece's Finance Minister Yanis Varoufakis has said Greece had no intention of quitting and cannot be forced out. The government in Greece, where a majority of people say they want to retain the euro currency and their 35- year-old membership of the European Union, correctly points out that neither the treaty...

  • WASHINGTON— A rocket's dead, blown to bits in public view. After 18 straight successful launches, SpaceX's Falcon 9 rocket broke apart Sunday morning minutes after soaring away from Cape Canaveral, Florida. Russia also lost a supply shipment in April when its Progress capsule spun out of control.

  • WASHINGTON, June 29- As French Finance Minister in 2010, Christine Lagarde opposed the involvement of the International Monetary Fund in Greece. That the IMF lent to Greece at the behest of Europe, which has nominated every IMF Managing Director since the inception of the Fund in 1946, may expose the institution to greater scrutiny, especially as it has $24...

  • PUERTO RICO'S PADILLA CALLS FOR WASHINGTON TO EXTEND CHAPTER 9 BANKRUPTCY CODE TO PUERTO RICO.

  • The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.015 percent, up from 0.010 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.110 percent, up from 0.080 percent last week. For a $10,000 bill, the three-month price was $9,999.62, while a six-month bill sold for $9,994.44.

  • 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...

  • WASHINGTON— The largest federal employee union has filed a class action lawsuit against the federal personnel office and its leaders for failing to safeguard personal files from computer hackers. The suit argues that negligence by federal officials contributed to the cybertheft of private information on up to 18 million current and former employees or...

  • KIEV, June 29- The Ukrainian Finance Ministry kept up pressure on creditors on Monday before key restructuring talks, blaming a bondholder group for the deadlock in negotiations, but the bondholder group said the ministry's comments showed an inconsistency in Kiev's stance. Ukraine, which is seeking to plug a $15.3 billion funding gap, is meeting bondholders...

  • WASHINGTON— The supporters of the federal Export-Import Bank have the Senate votes to revive it and will get a chance to do so, Majority Leader Mitch McConnell said Monday. "Looks to me like they have the votes, and I'm going to give them the opportunity," McConnell, who opposes the bank, said in a telephone interview from Kentucky, where he is spending Congress' July 4...