ISM Manufacturing Index Falls to 52.7 in July

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U.S. manufacturers expanded at a slower pace in July, according to a survey released Monday by the Institute for Supply Management. Employment also increased at a slower pace last month.

Dalian Wanda to Close Some Wanda Stores

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Chinese property and entertainment giant Dalian Wanda Group is closing some Wanda department stores amid poorer sales and is exiting the karaoke business.

London Trader Hayes Convicted of Rigging Libor

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A jury has convicted Tom Hayes, a former trader at UBS and Citigroup, with fraudulently trying to rig the London interbank offered rate, or Libor, the first criminal conviction of an individual for manipulating the widely used benchmark.

Companies Sour on Delaware as Corporate Haven

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The most popular state for corporate registrations now has challengers who say it doesn’t offer enough protections against shareholder lawsuits.

N.Y. State to Suspend Promontory

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New York banking regulators indicated that they would indefinitely suspend Promontory Financial Group from some consulting work because of problems with its work for Standard Chartered.

Greek Stocks Plunge as Trading Resumes

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The benchmark Athex Composite was down 17% around midday after dropping more than 20% within minutes of opening, indicating investors are still concerned after the recent progress in bailout negotiations.

Eurozone Survey Shows Collapse in Greek Output

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Uncertainty over the country’s future relationship with the eurozone sent Greek manufacturing into a tailspin in July, but that had little impact on other parts of the currency area’s economy, as Italian factories had their best month in more than four years.

U.S. Stocks Open Mixed

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U.S. stocks opened little changed Monday, as investors scoured economic reports for clues on the pace of growth.

Drones Are Put on a Leash

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The commercial promise of drones has been limited by their short battery lives and propensity for flying off. Now some companies believe they have a solution: tie the drones to the ground with tethers hundreds of feet long.

U.S. Consumer Spending Up 0.2% in June

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Americans curbed their spending increases in June, a sign that weak wage growth might be weighing on consumers.

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