Business News at 2 p.m.
Business News at 2 p.m.
6 a.m.-6 p.m. Skip Wollenberg and Michael A. Lee
6 p.m.-9 p.m. Richard Jacobsen
For help please call: 800-845-8450, ext. 1680. Photos, ext. 1900. For graphics and interactives, ext. 7636. Expanded AP content can be obtained from http://www.apexchange.com. For access to AP Exchange and other technical issues, contact firstname.lastname@example.org or call 877-836-9477.
If you have questions about transmission of financial market listings, please call 800-3AP-STOX.
A selection of top photos can be found at: http://bit.ly/APTopPhotos
All times EDT.
ATHENS, Greece — Greece and its European creditors are to discuss a last-minute proposal by Athens for a new two-year rescue deal, submitted just hours before the country's international bailout expires and it loses access to billions of euros of European funds. By Elena Becatoros and Raf Casert. SENT: 920 words, photos, video.
GREECE-DAILY STRUGGLE — On the streets of the Greek capital, resplendent in the early days of summer, there's still a veneer of normalcy — at least for foreigners. But for locals, the miserly 60 euros ($67) per day cash limit at ATMs means it will soon be a massive strain just to run a small business or keep a family going. By Gregory Katz. SENT: 810 words, photos.
— GREECE-DAILY STRUGGLE-GLANCE, GREECE-BAILOUT-THE LATEST
NEW YORK — U.S. stocks are holding steady in midday trading as investors followed the latest attempts by the Greek government and its creditors to reach a deal just hours before the country's international bailout program was set to expire. By Steve Rothwell. SENT: 620 words, photos. UPCOMING: 700 words by 5 p.m.
WASHINGTON — They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many workers they supervise. With those employees in mind, the Obama administration is expected to propose, as early as this week, to make up to 15 million more people eligible for overtime — its latest effort to boost pay for lower-income workers. By Christopher S. Rugaber. SENT: 850 words, photo.
DONALD TRUMP-THE BRAND
NEW YORK — Some wonder if the backlash over Donald Trump's remarks about immigrants and subsequent dumping by NBC will spill over to his globe-spanning empire of real estate properties. Others say NBC's dramatic action simply gives "The Donald" more of the attention and publicity he craves. By Mae Anderson. SENT: 900 words, photo.
JETBLUE ADDS BAG FEES
NEW YORK — Say goodbye to checking a bag for free on JetBlue. Bowing to Wall Street, the airline is rolling out a new fare structure that dings passengers up to $25 per checked bag, or requires a pricier ticket to avoid a fee. By Scott Mayerowitz. SENT: 550 words, photo.
MARKETS & ECONOMY:
WASHINGTON — U.S. home prices increase at a solid clip in April, led by double-digit jumps in Denver and San Francisco. By Josh Boak. SENT: 390 words.
WASHINGTON — Consumer confidence showS a solid gain in June following a modest increase in May, supporting the view that strong job gains are giving a boost to the overall economy. By Martin Crutsinger. SENT: 370 words, photo.
WASHINGTON — Federal health officials are considering whether to require new warnings and child-resistant packaging on liquid nicotine packets used with e-cigarettes and other emerging tobacco products. By Matthew Perrone. SENT: 530 words, photo.
LAS VEGAS — Nevada is on the cusp of what could be a casino revolution, drawing up plans for arcade-style video games that would pay out winnings based on a gambler's skill at, say, blasting aliens out of the sky, destroying enemy tanks or driving a virtual race car around a track. By Kimberly Pierceall. SENT: 720 words, photos.
Pot growers in southern Oregon, known for producing dynamite weed, are gearing up for the state's expansion from medical marijuana to legalized recreational pot. Possession of recreational pot becomes legal in Oregon on Wednesday By Jeff Barnard. UPCOMING: 800 words, photos.
WASHINGTON — The Export-Import Bank expires at midnight for the first time since the small federal agency was created during the Depression to help U.S. businesses export their products. Some questions and answers about the Export-Import Bank, and its future. By Erica Werner. SENT: 850 words.
— WILLIS GROUP-TOWERS WATSON — The insurer Willis Group Holdings PLC is buying Towers Watson in an all-stock deal valued at about $18 billion. SENT: 260 words, photos.
— CONAGRA FOODS-STORE BRANDS — ConAgra Foods Inc. plans to sell its faltering business that makes store-brand food just two years after spending $5 billion to beef it up by buying the private-label foodmaker Ralcorp. SENT: 500 words, photos.
— UNITED AIRLINES-ALTERNATIVE FUEL — United Airlines is investing $30 million in Fulcrum BioEnergy Inc., which makes biofuels for airplanes. SENT: 140 words.
— PEP BOYS-EXPLORING SALE — The auto parts seller Pep Boys may be putting itself up for sale. SENT: 130 words.
— CONSUMER REPORTS-OIL BURNERS — Newer cars aren't supposed to burn oil, but Consumer Reports magazine found that some engines mainly from Audi, BMW and Subaru, force their owners to add a quart as often as once a month. SENT: 510 words, photos.
— SKOREA-AIRBORNE TANKERS — South Korea says it's decided to buy four military airborne refueling tankers from European aerospace giant Airbus Defense and Space for $1.3 billion. SENT: 250 words.
— GERMANWINGS CRASH-COMPENSATION — Lufthansa offers financial compensation to relatives of people killed in the Germanwings crash three months ago — a proposal that a lawyer representing many German families immediately described as inadequate. By Geir Moulson and David Rising. SENT: 600 words, photos.
TECHNOLOGY & MEDIA:
ELECTRONIC BOOKS-ANTITRUST LAWSUIT
NEW YORK — Apple violated antitrust laws by colluding with publishers to raise electronic book prices when it entered a market in 2010 that had been dominated by Amazon.com, a divided federal appeals court panel says. By Larry Neumeister. SENT: 670 words.
— DUBAI-PRINTED OFFICE — The United Arab Emirates says the Gulf commercial hub of Dubai will soon add the world's first office building made using three-dimensional printer technology to its collection of eye-catching buildings. SENT: 340 words.
— MEXICO-AMAZON — Online retail giant Amazon opens its Mexico site for business, offering free delivery on orders of over 599 pesos ($38.25). SENT: 130 words.
— JAPAN-NUCLEAR-ROBOT — A new robot that raises its tail like a scorpion is scheduled to look at melted nuclear fuel inside one of the three wrecked reactors in Japan. SENT: 430 words, photos.
— EUROPE-TELECOMS-ROAMING — The European Union agrees to end mobile roaming charges within two years and allow travelers to pay the same price for calls, text messages and data anywhere in the 28 EU nations. SENT: 140 words.
— FRANCE-UBER — Two Uber France managers are ordered to stand trial on behalf of the San Francisco-based company on charges including "deceptive commercial practices" and complicity in illegal activities linked to its low-cost ride-hailing service. SENT: 350 words, photos.
GUNKANJIMA, Japan — A plan to register 23 industrial complexes dating back to the 1868-1912 Meiji Era, the roots of modern Japan's manufacturing might, as World Heritage treasures is raising protests from neighboring countries and former POWs who object to UNESCO status for mines and factories that ran on slave labor before and during World War II. By Elaine Kurtenbach. SENT: 1,200 words, photos.
— EUROPE-ECONOMY — Official figures show that inflation across the 19-country eurozone eased in the year to June to 0.2 percent from 0.3 percent the month before. SENT: 130 words.
— BRITAIN-ECONOMY — Britain's economy grows faster than previously estimated in the first quarter of 2015, thanks to a rise in construction output. SENT: 130 words.
— SYRIA-CURRENCY — The Central Bank of Syria puts into circulation a new 1,000-pound banknote, one that doesn't include the image of President Bashar Assad's father and the country's former president, Hafez Assad. SENT: 140 words.
— POLAND-INDUSTRY — Poland's government, at its first ever session outside Warsaw, approves a multi-billion-euro plan to stimulate the coal-mining region of Silesia's industry and job market. SENT: 300 words. UPCOMING: Will be updated.
— FRANCE-PORT STRIKE — Striking ferry workers block the railroad tracks leading to the Eurotunnel linking France and England, and train service across the Channel was suspended until further notice. SENT: 180 words.
A sampling of Money & Markets modules is below. The full digest for AP's Money & Markets service can be found at markets.ap.org. For questions about Money & Markets content, please contact Trevor Delaney (800-845-8450, ext. 1807). For technical support: Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help.
2Q 2105: S&P 500 winners & losers
Netflix investors enjoy watching their stock shoot higher while Michael Kors shareholders began to feel out of fashion. UPCOMING: Graphic expected by 6 p.m.
Pep Boys considers sale
Pep Boys — Manny, Moe & Jack — say that its board is reviewing strategic options to boost shareholder value, including a possible sale or merger. UPCOMING: Graphic expected by 6 p.m.