Scott Kunselman
Fiat Chrysler Automobiles Senior Vice President Safety and Regulation Compliance Scott Kunselman speaks during a hearing at the Transportation Department in Washington, Thursday, July 2, 2015, to determine whether automaker Fiat Chrysler has failed to remedy safety defects and issue required notices in 22 recalls.
(Luis M. Alvarez, Associated Press)
Stock market news:
Stocks closed a holiday-shortened week slightly lower today following a mixed U.S. jobs report and as investors awaited Greece's weekend referendum over its economic fate. The Dow Jones Industrial Average dropped 27.80 points to 17,730.11, the tech-rich Nasdaq Composite Index shed 3.91 points at 5,009.21 and the broad-based S&P 500 inched down 0.64 points to 2,076.78. (AFP News)
European stocks ended lower today, with investors nervously watching the situation in Greece. (MarketWatch)
Crude oil prices ended little changed today as the first weekly gain in the U.S. rig count this year pared earlier gains. (Reuters)
Business news:
The chief U.S. government official in charge of auto safety said today he will punish Fiat Chrysler after regulators accused the automaker of flubbing recall fixes and repeatedly failing to notify the government and vehicle owners about defects. (USA Today)
H.J. Heinz Co today completed its purchase of Kraft Foods Group, creating the third largest food and beverage company in North America and fifth largest worldwide. (Reuters)
The attorneys general of Alabama, Louisiana, Florida and Mississippi settled "in principle" with oil giant British Petroleum today, agreeing to accept $18.7 billion in damages after a judge deemed the company "grossly negligent" in the costliest offshore environmental accident in U.S. history. (MSNBC News)
Dollar Tree's pending acquisition of Family Dollar Stores is expected to close on Monday. (Charlotte Observer)
U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. (Reuters)
A top restaurant in New York City will pay $500,000 in restitution to workers for failing to pay some staff their tips. (CNN Money)
Greece needs a comprehensive debt restructuring by the eurozone and additional bailout cash of more than $87 billion through to 2018 to return to financial health, the International Monetary Fund says. (Wall Street Journal)
Technology news:
Yelp shares are not getting good reviews from investors, closing down nearly 11 percent today after a published report that the company has decided not to pursue a sale in the immediate future. (USA Today)
Intel President Renee James will step down in January to pursue an external chief executive role, Intel Chief Executive Brian Krzanich said in a statement. (Reuters)
Sprint this week quickly reversed plans to impose a 600 Kbps limit on streaming video as part of a promotion called "All-In" that charges $80 a month for unlimited talk, text and high-speed data. (Computerworld)
Yahoo is experimenting with running search results and search ads from Google as well as other search engines. (USA Today)