Among the stories Thursday from The Associated Press:
Among the stories Thursday from The Associated Press:
ATHENS, Greece — Greece's government is racing to finalize a plan of reforms for its third bailout, hoping this time the proposal will meet with approval from its European partners and stave off a potentially catastrophic exit from Europe's joint currency, the euro, within days. By Elena Becatoros and Derek Gatopoulos. SENT: 730 words, photos.
LISBON, Portugal — Eurozone governments taking a tough line on Greece's demand for debt relief and easier bailout terms fear ceding too much ground could ignite a broader political crisis by infuriating people in other bailed-out countries in the currency bloc. By Barry Hatton. SENT: 740 words, photos.
— GREECE-BAILOUT-THE LATEST — Live updates by The Associated Press.
CHINA-FREEZING THE MARKET
HONG KONG — Faced with a stomach-turning slide in share prices, many Chinese companies are taking matters into their own hands with a tactic that experts say is bound to backfire: they're pressing the pause button. About half of the 2,800 stocks on mainland Chinese markets have been suspended from trading as companies attempt to stem further losses by sitting out the upheaval. By Kelvin Chan. SENT: 930 words, photos.
CHINA-STOCK MARKET SLIDE-Q&A
NEW YORK — The extreme volatility in China's stock market is ongoing and about half of the 2,800 companies listed in the country's mainline index suspend trading of their shares. By Ken Sweet. SENT: 140 words, photo. This is an update to story that was sent previously.
NEW YORK — As neighborhoods across the country transform from shabby to trendy, rising rents have forced independent retailers and other small businesses to move — and in some cases — remake their businesses to fit their new locales. By Joyce Rosenberg. SENT: 780 words, photos.
MARKETS & ECONOMY:
WASHINGTON — The International Monetary Fund says the U.S. economy's stumble at the start of 2015 is dragging down the world's growth prospects. By Paul Wiseman. SENT: 370 words. UPCOMING: 350 words by 9:45 a.m.
WASHINGTON — The number of people seeking unemployment benefits rose last week to the highest level since late February. But the increase likely reflected temporary auto plant shutdowns rather than any underlying labor market weakness. By Martin Crutsinger. SENT: 470 words, photo.
WASHINGTON — Average long-term U.S. mortgage rates fell this week, retreating from high levels for the year amid economic turbulence overseas. The lower rates brought an incentive for prospective purchasers toward the end of the spring home buying season. By Marcy Gordon. SENT: 130 words. UPCOMING: 300 words by 11 a.m., glance.
NEW YORK — U.S. stocks are opening with big gains, bouncing back from losses a day earlier, as investors speculate that last-ditch talks between Greece and its creditors will produce an agreement. By Steve Rothwell. SENT: 450 words, photos, video. UPCOMING: 700 words by 5 p.m.
— EARNS-PEPSICO — PepsiCo says revenue rose for each of its Frito-Lay North America and PepsiCo Americas Beverages units during the second quarter, despite flat volume. SENT: 370 words, photo.
— EARNS-WALGREENS BOOTS ALLIANCE — Walgreens Boots Alliance Inc. reports fiscal third-quarter net income of $1.3 billion. The Deerfield, Illinois-based company said it had profit of $1.18 per share. SENT: 140 words.
— WALGREENS-CEO — Walgreens Boots Alliance Inc. is naming Stefano Pessina CEO, making permanent a role the executive has filled since the largest drugstore chains in the United States and Great Britain closed their combination at the end of last year. By Tom Murphy. SENT: 390 words.
— JAPAN-HONDA-AIR BAG RECALL — The recalls at Honda Motor Co. over defective Takata air bags have grown by another 4.5 million vehicles, raising the tally at the Japanese automaker to 24.5 million. By Yuri Kageyama. SENT: 250 words.
— COTY-PROCTER & GAMBLE — Coty is buying 43 beauty brands from Procter & Gamble Co., including Miss Clairol and Max Factor. SENT: 310 words.
— EUROPE-MASTERCARD-ANTITRUST — The European Commission suspects credit card company MasterCard of slugging customers in the European Union with artificially high fees. SENT: 150 words.
— STATE OF CITIES — Economic development, infrastructure and public safety were top concerns as U.S. mayors summed up the state of their cities this year, but current events helped frame those longstanding issues in discussions of race and inequality, a new study finds. SENT: 340 words, glance.
TECHNOLOGY & MEDIA:
MASTERCARD-DATA SECURITY SURVEY
NEW YORK — While the safety of their private financial information is a big deal for a lot of people, when it comes to protecting it, many are actually pretty lax, a new survey says. By Bree Fowler. SENT: 350 words.
T-MOBILE-NORTH AMERICA CALLING
NEW YORK — T-Mobile is now offering its U.S. customers the ability to talk, text and browse the Internet in Canada and Mexico without paying extra charges. By Bree Fowler. SENT: 130 words. UPCOMING: 600 words in mobile-friendly format by 2 p.m., photos.
— BRITAIN-ECONOMY — The Bank of England leaves interest rates at the record low of 0.5 percent as the current turmoil in Greece underscored the wariness about the strength of the economic recovery. SENT: 130 words.
— SKOREA-ECONOMY — South Korea's central bank cuts its economic growth forecast, citing a severe drought and the spread of Middle East respiratory syndrome. By Youkyung Lee. SENT: 350 words, photos.
— CHINA-INFLATION — China's consumer inflation edges up to a still-low 1.4 percent in June, leaving room for Beijing to cut interest rates or take other steps to stimulate slowing economic growth. SENT: 150 words.
— GERMANY-ECONOMY — Germany's trade surplus widens to a new record in May as exports from Europe's largest economy increase strongly, outpacing a rise in imports. SENT: 140 words, photo.