Reuters

Chipmaker AMD cuts revenue estimate, citing weak PC sales

Chipmaker Advanced Micro Devices Inc lowered its revenue estimate for the second quarter, below analysts' average estimate, saying the demand for personal computers was weaker-than-expected.

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Teva plans to raise Mylan bid by as much as $2 billion: Bloomberg

Teva Pharmaceutical Industries Ltd (TEVA.TA) is preparing to raise its bid for rival drugmaker Mylan NV (MYL.O) by as much as $2 billion, to $43 billion, Bloomberg reported on Monday, citing people familiar with the matter.

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U.S. banks post detailed crisis plans to avoid breakup threat

A dozen of the largest Wall Street banks on Monday published detailed plans to show how they would shut down their business during a crisis without the help of taxpayer money, a crucial step to prevent being broken up by regulators.

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Energy leads Wall St. lower with eyes on Greece, China

U.S. stocks fell in a volatile Monday session as Greeks resoundingly backed their government in rejecting the austerity terms of a bailout and China implemented emergency measures to stop a selloff in Shanghai's market.

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Oil crashes 8 percent as Greek vote, Iran talks set off exodus

Oil prices suffered their biggest selloff in five months on Monday, falling as much as 8 percent as Greece's rejection of debt bailout terms and China's stock market woes set off a deepening spiral of losses.

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New Honda CEO says no plans to help air bag firm Takata fund global recalls

Honda Motor Co's (7267.T) new chief executive said the Japanese automaker has no plans for now to provide financial aid to Takata Corp (7312.T), the air bag supplier at the center of a costly global safety recall that has dented Honda's public image as well as its earnings.

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BSE Sensex closes at highest in nearly 2-1/2 months

India's stock markets rose on Monday recovering from earlier falls of more than 1 percent, marking their highest close in nearly 2-1/2 months, amid a late rally in defensive stocks such as drugmakers Cipla (CIPL.NS) and Dr.Reddy's Laboratories (REDY.NS).

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Investors lower Samsung Electronics second-quarter expectations amid S6 doubts

Doubts over the sales prospects of Samsung Electronics Co Ltd's new flagship smartphones are damping expectations of a rapid turnaround for the South Korean giant, even though profit likely continues to recover from last year's troughs.

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Google's Waze to start carpooling pilot program in Israel

Google-owned online mapping company Waze is launching a carpooling pilot program in Israel where commuters pay fellow drivers a small fee for a ride to and from work.

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U.S. futures fall as Greece uncertainty continues

U.S. stock index futures fell on Monday after Greece rejected debt bailout terms, throwing the future of the country's euro zone membership into further doubt.

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Stocks, euro fall but no rout after Greek 'No'

Shares fell, the euro stumbled and yields on weaker euro zone economies' bonds rose after Greece overwhelmingly voted against conditions for a rescue package, but there was no rout and contagion was limited.

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Chipotle shares could plunge unless growth revives: Barron's

Shares of Chipotle Mexican Grill Inc (CMG.N) have lost some of their luster recently and unless growth revives at the company, the stock could see a 15 percent to 20 percent plunge, the July 6 edition of Barron's said.

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CVC say they are under no pressure to sell F1

Formula One's commercial rights holders CVC Capital Partners are under no pressure to sell their controlling stake in the sport and want to keep it, co-chairman Donald Mackenzie told Reuters on Saturday.

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Zeroing in on empty homes, China throws developers a lifeline

Dismayed by the millions of unsold homes in China's troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing. Like a white knight riding to the rescue of distressed developers, a handful of local governments are snapping up thousands of empty homes at hefty discounts and re-selling them to the country's poorest households.

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Quartet of crises threatens Europe's core

Four great crises around Europe's fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades.

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