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• S&P 500 rises 1 percent (Reuters)
• Greece passes austerity bill after trouble-free vote (Reuters)
• U.S. caught China buying more debt than disclosed (Reuters)
• Investors stay cautious as H2 starts: Reuters poll (Reuters)
• Visa, MasterCard "more investable" after new fee rules (Reuters)
• LSE, TMX abort their merger, leaving both in play (Reuters)
• How states fared on unemployment benefits (AP)
• Constellation Brands earns $75M profit in 1Q (AP)
• Greece clears final hurdle to get bailout funds (AP)
• Fixed mortgage rates hold steady near yearly lows (AP)
• German banks prepared to help Greek bailout (AP)
• German official retail sales mark four-year drop (AFP)
• Man convicted in mortgage fraud to be sentenced (AP)
• Oil rises above $95 per barrel (AP)
• China eases tax burden on poor with law change (AP)
• Chevy U.S. car sales at highest brand share in 20 years (Reuters)

S&P 500 rises 1 percent (Reuters) Posted: 30 Jun 2011 08:50 AM PDT Reuters - Stocks added to gains on Thursday, with all three major indexes rising more than 1 percent.

Greece passes austerity bill after trouble-free vote (Reuters) Posted: 30 Jun 2011 08:39 AM PDT Reuters - The Greek parliament passed a second austerity bill Thursday, opening the way for the EU and IMF to release a 12 billion euro ($17 billion) loan installment which Athens urgently needs to stave off bankruptcy.

U.S. caught China buying more debt than disclosed (Reuters) Posted: 30 Jun 2011 05:44 AM PDT Reuters - The rules of Treasury auctions may not sound like the stuff of high-stakes diplomacy. But a little-noticed 2009 change in how Washington sells its debt sheds new light on America's delicate balancing act with its biggest creditor, China.

Investors stay cautious as H2 starts: Reuters poll (Reuters) Posted: 30 Jun 2011 06:10 AM PDT Reuters - LONDON (Reuters)- Investors have become a little more upbeat heading into the second half of the year, lifting stock allocations from 2011 lows but remaining cautious with plenty of safe-haven cash and bonds.

Visa, MasterCard "more investable" after new fee rules (Reuters) Posted: 30 Jun 2011 05:44 AM PDT Reuters - The revised Federal Reserve rules governing how much banks charge retailers to process debit card purchases was given a big thumbs-up by some analysts, who expect the rules to be a huge boost to card networks Visa and MasterCard .

LSE, TMX abort their merger, leaving both in play (Reuters) Posted: 29 Jun 2011 02:35 PM PDT Reuters - The London Stock Exchange's C$3.6 billion ($3.7 billion) plan to buy its Toronto counterpart collapsed on Wednesday in the face of a competing bid led by Canadian banks, leaving the UK exchange itself vulnerable to takeover.

How states fared on unemployment benefits (AP) Posted: 30 Jun 2011 06:55 AM PDT AP - The number of Americans seeking unemployment benefits was mostly unchanged last week, evidence that the economy is too weak to generate many jobs. Applications dipped 1,000 to a seasonally adjusted 428,000. Applications have been above 400,000 for 12 straight weeks. They need to fall below 375,000 to signal robust job growth.

Constellation Brands earns $75M profit in 1Q (AP) Posted: 30 Jun 2011 07:18 AM PDT AP - Constellation Brands Inc., which sells Robert Mondavi wine, Svedka vodka and Corona beer, said Thursday its first-quarter profit jumped 52 percent to $75 million on improved sales of wine, spirits and imported beers in North America.

Greece clears final hurdle to get bailout funds (AP) Posted: 30 Jun 2011 09:01 AM PDT AP - Greece bought itself time to deal with its crippling debt crisis Thursday after lawmakers passed the second and final austerity bill essential for the release of crucial bailout funds that will prevent the country from defaulting next month.

Fixed mortgage rates hold steady near yearly lows (AP) Posted: 30 Jun 2011 07:25 AM PDT AP - Fixed mortgage rates were mostly unchanged this week, hovering near their annual lows.

German banks prepared to help Greek bailout (AP) Posted: 30 Jun 2011 08:21 AM PDT AP - Germany's banks are prepared to contribute to a second rescue package for Greece, taking a proposal drawn up in France as a basis, officials said Thursday.

German official retail sales mark four-year drop (AFP) Posted: 30 Jun 2011 12:12 AM PDT AFP - German retail sales showed the sharpest drop for four years in May, provisional official data showed on Thursday, in the latest snapshot of Europe's biggest economy.

Man convicted in mortgage fraud to be sentenced (AP) Posted: 30 Jun 2011 02:47 AM PDT AP - A man convicted of orchestrating a $3 billion fraud as chairman of one of America's largest private mortgage companies will be sentenced to prison.

Oil rises above $95 per barrel (AP) Posted: 30 Jun 2011 08:13 AM PDT AP - Oil climbed above $95 per barrel Thursday as lawmakers in Greece approved final details of a plan that will bring sweeping financial reform to its beleaguered economy.

China eases tax burden on poor with law change (AP) Posted: 30 Jun 2011 04:49 AM PDT AP - China's legislature raised the threshold for paying income tax, effectively exempting tens of millions of workers in a new effort Thursday to defuse tensions over surging inflation and a yawning wealth gap.

Chevy U.S. car sales at highest brand share in 20 years (Reuters) Posted: 30 Jun 2011 07:09 AM PDT Reuters - General Motors Co's U.S. Chevrolet car sales in the first half of the year are set to reach their highest share for the brand in 20 years, outselling trucks in June for the third straight month.

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