Business News at 2:15 p.m.

Business News at 2:15 p.m.


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ATHENS, Greece Anxious Greek pensioners swarm closed bank branches and long lines snake outside ATMs as Greeks endure the first day of serious controls on their daily economic lives ahead of a July 5 referendum that could determine whether the country has to ditch the euro currency and return to the drachma. By Derek Gatopoulos and Costas Kantouris. SENT: 1,020 words, photos, video.



NEW YORK Mounting concerns about Greece drive markets down after talks between the country and its creditors broke down. U.S. stocks fall, while major indexes in Europe take much bigger losses. By Matthew Craft. SENT: 650 words, photo. UPCOMING: 700 words, photos.


GREECE-THE ROAD AHEAD-Q&A Greece has just entered the twilight zone. Out of money, shunned by its last creditors, the bankrupt country faces days of uncertainty, suspended between rescue and collapse, between membership in the 19-member euro club and a humiliating expulsion. Here are questions and answers on what's ahead. By David McHugh. SENT: 900 words, photo.

GREECE-TOURISTS COPE A look at how tourists are coping with the situation in Greece, where ATMs are out of money and many merchants are refusing to accept credit cards. By Beth J. Harpaz. UPCOMING: 600 words by 4 p.m.




Amid all the unpleasantness of flying, there are a few bright spots where airlines inject a bit of humanity back into our journey. By Scott Mayerowitz. SENT: 660 words, photos.


MEXICO CITY So far the federal government is siding with the popular private-car services Uber and Cabify, ruling that they are not unfair competition in the Mexican capital for licensed cab drivers. It's the latest salvo in a war in which cabbies have mounted rowdy protests and bashed at least one Uber car with baseball bats. By Peter Orsi. SENT: 1,030 words, photos.


FRANCE-UBER The spokeswoman for the Paris prosecutor says two Uber managers have been taken into custody for questioning over "illicit activity" linked to the ride-hailing company's low-cost service. SENT: 270 words.


America's growing appetite for truffles is feeding demand for dogs trained to sniff out the prized fungi beneath the ground. A small but growing truffle industry is taking root in Napa Valley and other U.S. regions where farmers are cultivating them or foragers seek them in the wild. By Terence Chea. SENT: 650 words, photos, video.



WASHINGTON Income for the bottom 99 percent grew last year at the fastest pace in 15 years, according to data published by inequality guru Emmanuel Saez. Still, incomes for the top 1 percent grew at a much faster rate, worsening overall inequality. By Christopher S. Rugaber. UPCOMING: 500 words by 3 p.m.


WASHINGTON More Americans sign contracts to purchase homes in May, as pending sales climb to their highest level in more than nine years. By Josh Boak. SENT: 420 words, photo.



YONGIN, South Korea Hyundai Motor Co. says hydrogen fuel cell vehicles are the future for eco-friendly cars despite challenges of limited infrastructure and slow sales. By Youkyung Lee. SENT: 420 words.


HYUNDAI-NFL Korean automaker Hyundai replaces General Motors as National Football League's automotive sponsor. SENT: 180 words.

SYSCO-US FOODS Sysco is scrapping its proposed $3.5 billion buyout of US Foods after a Federal Trade Commission legal victory that temporarily blocked the deal to combine the two food-service companies. SENT: 260 words, photo.

GE-SALE General Electric Co. is selling its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corp. for $6.9 billion. SENT: 220 words, photo.

SWITZERLAND-NOVARTIS-SPINIFEX Swiss drug manufacturer Novartis says it is buying Spinifex Pharmaceuticals, a U.S.-based biotechnology company that specializes in developing treatments for chronic pain. SENT: 100 words.

SUPREME COURT-EPA-EMISSIONS A divided Supreme Court rules against federal regulators' attempt to limit power plant emissions of mercury and other hazardous air pollutants. By Sam Hananel. SENT: 730 words, photo.



LONDON U.S.-based media giant Discovery Communications Inc. secures the European broadcast rights for four Olympics through 2024 in a landmark deal worth 1.3 billion euros ($1.45 billion). By Stephen Wilson. SENT: 860 words, photo.


NEW YORK From Madonna to Mariah Carey, acts are looking to dating apps like Tinder and Grindr to promote their music. By Mesfin Fekadu. SENT: 750 words, photos.

RAILROAD CROSSINGS-GOOGLE The federal agency that oversees railroads has asked digital mapping companies to alert drivers as they approach track crossings in the hope that visual and audio cues will lead to greater awareness of potential dangers. SENT: 240 words, photos.

GANNETT-SPINOFF Gannett completes the split of its print and broadcasting divisions into separate companies. SENT: 140 words.

SUPREME COURT-GOOGLE-ORACLE The Supreme Court is staying out of a long-running legal battle between technology giants Oracle and Google over copyright protection for a computer program that powers most of the world's smartphones and computer tablets. SENT: 150 words.



SAN JUAN, Puerto Rico The governor is warning that Puerto Rico can't pay its $72 billion public debt, delivering another jolt to the recession-gripped U.S. island as well as a world financial system already worrying over Greece's collapsing finances. By Danica Coto. SENT: 650 words, photo. UPCOMING: Will be updated.


OBAMA-PUERTO RICO-ECONOMY The White House says it has no plans to bail out Puerto Rico from its debt crisis. SENT: 330 words.

CHINA-ASIAN BANK Envoys of governments that plan to join a Chinese-led Asian bank endorse a structure that gives Beijing the biggest voting stake at the start but no veto power. SENT: 380 words, photos.

DUBAI-DEBT Indebted Dubai real estate developer Limitless says it will repay more than half a billion dollars in money owed to banks and trade creditors as part of its financial restructuring. SENT: 140 words.

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Mid-year report: Dow

The Dow Jones industrial average is in the red for the year as the second quarter draws to a close. UPCOMING: Graphic expected by 6 p.m.


Gannett completes split

Gannett completes the split of its print and broadcasting divisions into separate companies. UPCOMING: Graphic expected by 6 p.m.