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| The European Central Bank has increased the amount of emergency liquidity that Greek lenders can draw on for the second time in two days. Depositors yanked an estimated $4.5 billion out of banks there last week. (AP) |
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| Japanese stocks rose to new 15-year highs overnight as hopes grew for progress on the Greek reforms-for-aid talks. Meanwhile, Chinese stocks ended a volatile session sharply higher. (CNBC) |
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| Chinese fund manager Hillhouse Capital Group is leading an investment in Uber-purchasing bonds that convert into shares at a discount to the ride-hailing company's future IPO price. (WSJ) |
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| Facebook (FB) knocked Wal-Mart (WMT) out of the top10 most valued companies in Monday trading. According to S&P, the retail giant has not ended a year off the list since 1997. (WSJ) |
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| Wal-Mart and Sears (SHLD) won't be selling products bearing the Confederate flag anymore. The decisions come a week after the deadly shooting at an African American church in South Carolina. (Reuters) |
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| Meanwhile, Gov. Nikki Haley, R-South Carolina, has called for the removal of the Confederate flag from the grounds of the state Capitol. |
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| Airbag maker Takata may have put profits before safetyin a way that contributed to one of the biggest recalls ever, Democrats on a Senate panel said in a report ahead of a hearing today. (Reuters) |
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| JetBlue (JBLU) is adding premium Mint service-its answer to first- and business-class seating-to transcontinentalflights from Boston to San Francisco and Los Angeles next year. (Reuters) |
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| Amazon (AMZN) is overhauling the way it pays royalties to self-published authors on its e-book platform, by rewarding them based on the number of pages read. (CNBC) |
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Backers of President Barack Obama's trade agendaare imploring key senators to stand by their previous votes when they revisit the issue in a showdown today. (AP)
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| Economic reports out today begin with May numbers fordurable goods orders at 8:30 a.m. ET, with forecasts calling for a 1.0 percent drop, which would match the April decline. The government is also out with new home sales at 10 a.m. ET, with economists expecting a 1 percent increase for May, following a strong April rise of 6.8 percent. |
| Home rental prices are climbing across much of the United States, with the biggest gains coming from not from New York or San Francisco but Jackson, Mississippi, and Portland, Maine. |
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| Earnings out this morning include the latest quarterly numbers from BlackBerry (BBRY), Carnival Corp. (CCL), and Darden Restaurants (DRI). There are no major companies set to report after today's closing bell. |
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| Sonic (SONC) late Monday issued adjusted earnings that matched expectations, with revenue slightly beating forecasts. But the restaurant chain warned about its full-year outlook. |
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| STOCKS TO WATCH |
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Seeking Alpha
Today's Markets:
In Asia, Japan +1.9% to 20809. Hong Kong +0.9% to 27333. China +2.2% to 4575. India +0.3% to 27804.
In Europe, at midday, London +0.3%. Paris +1.4%. Frankfurt +1.1%.
Futures at 6:20: Dow +0.1%. S&P +0.2%. Nasdaq +0.2%. Crude -0.3% to $60.19. Gold -0.1% to $1183.20.
Ten-year Treasury Yield +1 bps to 2.38%
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| Syngenta (SYT) has once again rejected Monsanto's (MON) $45 billion takeover bid, saying the offer undervalues the pesticide maker's business. |
| Alibaba (BABA) is selling U.S. subsidiary 11 Main to online marketplace OpenSky, after its first major foray into the American online shopping market failed to gain traction. |
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| Oracle (ORCL) founder Larry Ellison said the company would expand its cloud-based offerings to more directly compete with Amazon. Ellison promised to compete with Amazon on price. |
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| Google (GOOG) has an additional opponent to its European practices: Getty Images, which has complained to the EU about Google's image-search service favoring its own over rivals like Getty. |
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