Puerto Rico Utility Makes Payments to Bondholders

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The Puerto Rico Electric Power Authority paid all principal and interest due to bondholders, buying the troubled utility time as it works to reach a deal with creditors.

Arrested Toyota Executive Resigns

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Toyota Motor managing officer Julie Hamp, who was arrested last month in Tokyo on suspicion of violating Japan’s drug laws, has resigned.

Deutsche CEO to Staff: Don't Expect 'Sweetness and Light'

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Deutsche Banks incoming co-Chief Executive John Cryan said he is committed to simplifying the bank and narrowing the scope of it’s operations.

New Greek Proposal Falls Short of Demands

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A new proposal for budget cuts and policy overhauls from Greek Prime Minister Alexis Tsipras was dismissed by European officials as insufficient to revive negotiations over a new bailout.

Brookfield Approaches Australia's Asciano With $6.8 Billion Offer

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Australian port-and-rail operator Asciano received a $6.8 billion offer from Brookfield Infrastructure Partners that would be one of Asia’s biggest takeovers this year.

ISM Manufacturing Index Rises to 53.5 in June

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U.S. manufacturers revved up their expansion a bit in June, according to a survey released Wednesday by the Institute for Supply Management.

Puerto Rico Utility, Creditors Close to Deal to Avoid Default

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The Puerto Rico Electric Power Authority and its creditors were close to a deal that would allow the cash-strapped utility to pay more than $400 million to bondholders, staving off what investors feared might be the first default of many from the U.S. commonwealth.

Dangers Behind Laundry Pods Stump Experts

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Children who accidentally burst laundry pods experience a wide range of medical outcomes, making it hard to pinpoint what makes these packets so much more potentially hazardous than liquid detergent.

Airports Commission Backs Third Heathrow Runway

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London Heathrow airport has won the backing of a government-appointed panel for a third runway to address a looming runway capacity shortage that has threatened to stifle Europe’s biggest market for trans-Atlantic flights.

Markets Rally on Greece Hopes — Live

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Markets surged in Europe on renewed hope that Athens could still secure a bailout deal with its creditors.

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