Ukraine fears weigh on global stock markets US economy grew at brisk 4.2 pct. rate in Q2 Applications for US unemployment aid slip to 298 K Contracts to buy US homes rise in hopeful sign French leader banks on free market to save economy Abercrombie beats Street 2 Q forecasts India urges millions of poor to open bank accounts Alibaba's revenue growth surges in latest quarter 3 ways insurers can discourage sick from enrolling Telefonica ups bid to create Brazil's top operator» Read More
Japanese mobile carrier Softbank's bid for Sprint was approved by US Federal Communications Commission last week, clearing the way for the firm to create a foothold in the US market. The Nikkei's Makiko Utsuda has more.
CNBC's Kayla Tausche has the update on whether a serious bid is out there to buy Hostess Brands.
CNBC'S Kate Kelly reports Bank of America is selling its non-U.S. wealth management unit and has asked possible suitors to put bids in this week.
The newly approved rescue plan for Greece is a "super-TARP," similar to the United States bailout package during the financial crisis, Peter Boockvar, equity strategist at Miller Tabak, told CNBC Thursday.