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European bonds and stocks on the defensive before tight Greek vote

LONDON - European bonds and stocks traded cautiously on Friday before a Greek referendum on EU-prescribed reforms that could determine the country's future in the euro zone and which polls suggest could go either way.

Recent Business News

BP reaches $18.7 billion settlement over deadly 2010 spill

HOUSTON - BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history.

U.S., Environment 02 Jul 2015

Fiat Chrysler CEO says no news on approach to GM but consolidation good

TURIN - Consolidation continues to be necessary in the auto industry but there is nothing new to report on Fiat Chrysler's desire for a tie-up with General Motors , FCA CEO Sergio Marchionne said on Friday.

03 Jul 2015

New Credit Suisse CEO promises 'ruthlessly selective' review: FT

- Newly appointed Credit Suisse AG Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank's businesses, amid expectations that the incoming CEO would cut staff by about 15 percent from its investment banking arm.

03 Jul 2015

Mixed U.S. jobs report dampens September rate hike bets

WASHINGTON - U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. | Video

02 Jul 2015

Heinz completes Kraft purchase, Buffett joins board

- H.J. Heinz Co on Thursday completed its purchase of Kraft Foods Group Inc, creating the third largest food and beverage company in North America and fifth largest worldwide.

02 Jul 2015

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