TOP STORIES 
 
EUROPE STRUGGLES TO KEEP GREECE IN EUROZONE 

Eurozone leaders were considering proposals to provide Greece with emergency financing to avert another default, but were sticking to demands for the most-painful economic measures Greek voters rejected last weekend.

U.S. STOCKS REVERSE SHARP LOSSES TO END HIGHER 

U.S. stocks overcame sharp intraday losses to end higher Tuesday, after a rout in commodities abated and as eurozone leaders considered proposals to offer Greece emergency financing.

TRADE GAP WIDENS AS OVERSEAS HEADWINDS GATHER 

The U.S. trade gap expanded modestly in May due to a slowdown in exports, suggesting a stronger dollar and global turmoil will weigh on economic growth this year.

FED APPROVES BB&T PURCHASE OF SUSQUEHANNA BANCSHARES 

BB&T Corp. got regulatory approval to buy Susquehanna Bancshares Inc., marking the bank's second deal to get a green light in as many months.

FED ORDERS SANTANDER'S U.S. UNITS TO IMPROVE RISK MANAGEMENT 

The Federal Reserve is requiring Banco Santander SA to make sweeping risk management improvements at its U.S. subsidiaries, highlighting the bank's repeated failure to address the regulator's concerns.

HORIZON PHARMA OFFERS TO BUY DEPOMED FOR $1.75 BILLION 

Horizon Pharma PLC has proposed to buy Depomed Inc. for $1.75 billion in stock, as another Ireland-based company seeks to use its tax-friendly status to lure a U.S. company.

ALLERGAN BUYS RIGHTS TO MERCK'S MIGRAINE DRUGS 

Allergan said that it has reached a deal to buy the exclusive world-wide rights to two of Merck's experimental migraine drugs for an upfront payment of $250 million.

J.P. MORGAN CHASE SEEKS TO MOVE 2,150 JOBS FROM NYC TO JERSEY CITY 

The New Jersey Economic Development Authority is set to vote Thursday on tax credits to help lure the jobs to the Hudson County city.

CARNIVAL GETS U.S. APPROVAL TO START CRUISES TO CUBA 

Carnival said U.S. Treasury Department granted the cruise-ship company approval to begin cruises to Cuba starting next May.

IMF: U.S. ECONOMY AT RISK OF STALLING IF RATES RAISED TOO SOON 

The Federal Reserve risks stalling the U.S. economy by raising interest rates too early, the International Monetary Fund warned Tuesday.

IRAN NUCLEAR TALKS TO CONTINUE BEYOND DEADLINE 

Iran and six major powers will continue negotiations through Tuesday night's deadline.

U.S. OIL PRICES FALL FURTHER 

U.S. oil prices fell to a near-three-month low Tuesday on concerns about a growing glut of crude oil and turmoil in the Chinese stock market.

CORZINE, OTHER EX-MF GLOBAL OFFICIALS SETTLE SUIT FOR $64.5 MILLION 

Jon S. Corzine and other former MF Global officials will pay $64.5 million to settle an investor lawsuit, according to a court filing.

NO FIX FOR LIBOR: BENCHMARK STILL BROKEN,REGULATORS SAY 

Efforts to reform Libor, the financial benchmark at the heart of a rate-rigging scandal nearly five years ago, have fallen short, regulators say.

EMC TO SELL DROPBOX RIVAL SYNCPLICITY 

EMC is ending a three-year foray into the kinds of data-storage services offered by Dropbox and Box Inc., agreeing to sell control of its Syncplicity business to investment firm Skyview Capital.

SURVEYMONKEY NAMES BILL VEGHTE AS CEO 

SurveyMonkey on Tuesday named tech industry veteran Bill Veghte its next chief executive, replacing the late David Goldberg.

LEHMAN SETTLES DERIVATIVES DISPUTE OVER PUTNAM SWAPS 

Lehman Brothers Holdings Inc. settled a multimillion-dollar derivatives dispute involving mutual-fund giant Putnam Investments, ending litigation over a series of swap agreements.

LOS ANGELES OFFICIALS APPROVE BUILDING ON EARTHQUAKE FAULT 

Los Angeles building officials approved plans to build a 1 million-square-foot complex of skyscrapers, stores and restaurants in the heart of Hollywood, agreeing with the developer that an earthquake fault underneath the property is too old to be considered active.

DISCOVERY GROUP URGES INTERNAP BOARD TO PURSUE SALE OF COMPANY 

Discovery Group recommended that InterNap pursue a sale of the company, contending that InterNap is an attractive acquisition target in the consolidating data-center sector.

TECHNIP SHARES PLUMMET ON RESTRUCTURING 

Shares in French oil services company Technip plummeted after it announced a major restructuring plan, including 6,000 job cuts world-wide, as falling energy prices force the company to drastically cut costs.

 
 
 
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Europe News 
EUROPEAN CENTRAL BANK HOLDS KEY TO GREECE'S FUTURE 
 

The ECB could force Greek banks into instant collapse if Athens doesn't make bond payments due on July 20, but it remains a question whether it would necessarily do so.

 
Europe News 
MERKEL'S GERMAN CRITICS SAY GREEK BAILOUT WAS DOOMED FROM START 
 

'I-told-you-so' crowd says the Chancellor should never have bothered trying to keep Greece in the eurozone and has already thrown good money after bad.