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Wall Street rises as Greece worries abate

- U.S. stocks rose higher in afternoon trading on Wednesday, on track for their best day since mid-May, on reports that Greece would avoid a default.

Recent Business News

Global lower rate environment harmful to investors: BlackRock CEO

- Lowering interest rates around the world to boost the global economy has reached a point where it is now "quite harmful" to clients, including pension funds and insurers, BlackRock Inc Chairman and Chief Executive Officer Laurence Fink said on Wednesday.

9:43am EDT

McDonald's to stop reporting monthly same-store sales after June

- McDonald's Corp said it will stop reporting monthly same-store sales after June, becoming the latest major U.S. retailer to stop reporting the closely watched indicator to gauge overall spending trends and a company's financial health.

11:16am EDT

EU outlines plans to make multinationals pay their share of tax

BRUSSELS - The European Commission outlined plans on Wednesday to limit how much multinational companies can reduce taxes on their European earnings through the use of creative accounting.

Tiffany's sales, profit beat on higher tourist spending in Europe

- Luxury jeweler Tiffany & Co reported better-than- expected quarterly sales and profit as it benefited from higher spending by tourists in Europe and growing demand for its Tiffany T line of fashion jewelry.

11:38am EDT

Investor Bill Gross: Bet against Bunds 'well timed, not well executed'

- Bill Gross, the widely followed investor, admitted in his June Investment Outlook on Wednesday that his bet against the German Bund market was well timed but not profitable.

8:01am EDT

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