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Business News at 1:50 p.m.


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ATHENS, Greece —Despite triumphing in a popular vote against austerity, Greece faces the urgent need to heal its ties with European creditors and reach a financial rescue deal that might prevent it from falling out of the euro — possibly within days. By Derek Gatopoulos and Elena Becatoros. SENT: 780 words, photos, audio, video.



NEW YORK — Stocks in the U.S. fall in afternoon trading following sharper drops in Europe and Asia as Greeks overwhelmingly vote to reject terms of the country's latest bailout package. By Bernard Condon. SENT: 840 words, photos. UPCOMING: 700 words by 5 p.m.


— OIL PRICES — A slew of global economic and geopolitical factors are working to pummel the price of oil and set up U.S. drivers for very low gasoline prices later this year. By Jonathan Fahey. UPCOMING: 500 words by 3 p.m., photos.


BEIJING — Shares in big Chinese state companies soar after weekend promises of government action to halt a slide in stock prices, but many others sank as jittery small investors tried to cut their losses. By Joe McDonald. SENT: 900 words, photos.


NEW YORK — Oreos are getting a skinny new look, and its maker says the new cookie is a "sophisticated" snack for grown-ups that isn't meant to be twisted or dunked. By Candice Choi. SENT: 400 words, photos.


NEW YORK — Most futures pits in Chicago and New York, where frenzied buying and selling once helped set prices on cattle and corn, palladium and gold, and dozens of other commodities, will close for good as computers take over. By Bernard Condon and Don Babwin. SENT: 930 words, photos. Moved previously.


—VIDEO: The dying art of traders' hand signals.



FRANKFURT, Germany — A guide to what happens now in Greece's crisis: will the country leave the euro or be able to engage creditors in talks once again and get a deal before its banks collapse. By David McHugh. SENT: 950 words, photos.


— GREECE-BAILOUT-MOOD — Banks are shuttered, supplies are running out, businesses are in trouble, but the morning after a historic vote saying "no" to more austerity programs, some Greeks expressed pride and a hope for a better future even though their personal circumstances are more difficult each day. By Gregory Katz. SENT: 830 words, photos.

— GREECE-BAILOUT-THE LATEST — Updates with latest developments throughout the day.



WASHINGTON — U.S. service firms grow at a slightly faster pace in June, as business activity and new orders increase. By Josh Boak. SENT: 280 words, photo.

— RETAILERS-REITS — Seritage Growth Properties, the real estate spinoff of Sears Holdings Corp., makes its debut on the New York Stock Exchange and estimated that it had raised about $1.6 billion from the offering. SENT: 310 words.



TOKYO — Honda's new CEO promises the company will take more time in product development and improve communication to avoid the recurrence of quality lapses that have led to shrinking profits at the Japanese automaker. By Yuri Kageyama. SENT: 740 words, photos.


ATLANTIC CITY, N.J. — Atlantic City's efforts to recapture some of the tourism dollars it has lost to casino competition in recent years finally appear to be working. By Wayne Parry. SENT: 940 words, photos.


— ATLANTIC CITY-BEYOND BETTING-ATTRACTIONS — A look at some of the non-gambling attractions in Atlantic City as the resort city tries to move beyond offering just gambling. SENT: 370 words.

— STARBUCKS-PRICE HIKE — Starbucks says it's hiking prices again, with the increases ranging from 5 to 20 cents for most affected drinks. SENT: 200 words.

— BUFFETT'S BENEVOLENCE — Investor Warren Buffett has given more than $2.8 billion worth of Berkshire Hathaway stock to five charities as part of his plan to gradually give away his fortune. SENT: 120 words.

— OBIT-BURT SHAVITZ — The reclusive beekeeper who co-founded Burt's Bees, and whose face and wild beard appeared on labels for the natural cosmetics, died on Sunday. Burt Shavitz was 80. By David Sharp. SENT: 380 words, photos.



CORDOVA, Md. — Agricultural use of drones is about to take off after being grounded for years by the lack of federal guidelines. By Mary Clare Jalonick. SENT: 800 words, photos.

— AMAZON-PRIME DAY — Amazon is trying to lure more subscribers to its $99 Prime loyalty program by pushing a day of discounts it calls "Prime Day" during the sleepier summer shopping season. By Mae Anderson. SENT: 260 words.

— HACKERS HACKED — An Italian surveillance company known for selling malicious software used by police bodies and spy agencies appears to have succumbed to a damaging cyberattack that sent documents and invoices ricocheting across the Internet. SENT: 290 words.


— GERMANY-ECONOMY — German factory orders dip in May as orders from other countries in the eurozone slipped back following a large gain the previous month. SENT: 130 words.

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Global exposure

A recent report by FactSet found that companies in the Standard & Poor's 500 index with higher global exposure are expected to report lower earnings growth and lower revenue growth than companies with less global exposure. UPCOMING: Graphic expected by 6 p.m.


Allergan to buy Oculeve

Pharmaceutical maker Allergan is buying medical device maker Oculeve for $125 million in cash and future milestone payments. UPCOMING: Graphic expected by 6 p.m.