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| U.S. stock futures pointed to a lower open on Wall Street this morning, with investors looking set to follow European markets down, as talks between Greece and its creditors collapsed once again at the weekend. (CNBC) |
| U.S. treasury prices started the week on a firm note this morning, as concern about Greece boosted the appeal of safe-haven bonds, pushing recently higher yields lower. (CNBC) |
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| Rejecting austerity measures demanded by creditors, Greece's leftist Prime Minister, Alexis Tsipras, held an emergency government meeting today to discuss options. (CNBC) |
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| The Fed holds its two-day June meeting starting tomorrow, but it's not expected to hike interest rates this time around. Investors will be looking for clues on whether liftoff could come in September. (CNBC) |
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| Saudi billionaire Prince Alwaleed, an early Twitter (TWTR) investor, said hewould back interim CEO Jack Dorsey, co-founder of the social network, as the permanent choice. (Reuters) |
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| The nation's largest drug-testing laboratory, Millennium Health, is negotiating a major settlement over allegations it billed the federal government for unnecessary tests. (WSJ) |
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| Colt Defense, the storied firearms maker, has filed for a Chapter 11 bankruptcy reorganization-hoping the process will clear the way for the sale of its business operations in the U.S and Canada. (USA Today) |
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| U.S. authorities are examining payments made by Nike (NKE) under a 1996 soccer sponsorship deal with Brazil for possible evidence of wrongdoing by the company or others. (WSJ) |
 | STOCKS TO WATCH |
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| Ryland (RYL) and Standard Pacific (SPF) have agreed to merge in an all-stock transaction to form the fourth largest homebuilder in the U.S., with a market value of $5.2 billion. |
| Hudson's Bay (HBC-CA), the Canada-based retailing group that owns Saks Fifth Avenue, is buying the Galeria Kaufhof department store chain in Germany and its Belgian subsidiary from Düsseldorf-based Metro Group in a deal valued at $3.19 billion, including debt. |
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| In aircraft developments: United Technologies (UTX) said it'll either spin off or sell its Sikorsky Aircraft division. Meanwhile, Boeing (BA) said it's in talks with potential buyers for its five remaining C-17 cargo planes. |
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| In medical news: St. Jude (STJ) received FDA approval for a new brain implant that helps reduce symptoms of Parkinson's disease. Meanwhile, Bluebird Bio (BLUE) reported encouraging results for its experimental gene therapy for sickle-cell anemia. |
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Notable earnings before today's open: MPAA
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