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Sweden Cuts Key Interest Rate Again Citing Greek Crisis

Thursday, 02 July 2015 03:50 Written by
Sweden's central bank has cut its key interest rate to a record low of minus 0.35 percent saying "events in Greece over the past few days have substantially increased the uncertainty." In a statement, the bank says the consequences of the situation in Greece for the eurozone as a whole and for Sweden "are difficult to judge." The Riksbank on Thursday lowered the repo rate by 0.10 percentage points, saying its "expansionary monetary policy
What Crisis? Stronger Banks, Economies Ease Fear Over Greece
Thursday, 02 July 2015 02:14 Written by
The prospect of a Greek crackup isn't so terrifying anymore. In 2012, financial markets were rattled by the possibility that Greeks would elect a left-wing government, default on their debts and drop the euro currency. The fears pushed the Standard & Poor's 500 stock index down nearly 10 percent that spring. Here's how things look now: The left-wing party, Syriza, holds power in Athens. Greece actually did miss a loan payment to the International
Solid Hiring Expected for June as US Job Market Nears Normal
Thursday, 02 July 2015 02:14 Written by
U.S. employers likely hired at another strong pace in June, a sign that the job market is nearing full health and giving the Federal Reserve reason to raise interest rates as early as September. Economists predict that employers added 233,000 jobs and that the unemployment rate dipped to 5.4 percent from 5.5 percent in May, according to data firm FactSet. The June employment report will be released at 8:30 a.m. Eastern time Thursday.
Man held in killings of California family left DNA in car: media citing warrants
Thursday, 02 July 2015 01:24 Written by
LOS ANGELES DNA belonging to an ex-convict accused of killing a San Diego family with a sledgehammer in 2010 was found in their abandoned car, media reported Wednesday, citing newly released search warrants. Charles "Chase" Merritt, 58, could face the death penalty if found guilty during his August trial for the murder of his former business associate, Joseph McStay, 40, his wife, 43-year-old Summer, and their two sons, 4-year-old Gianni and 3-year-old Joseph Jr. Their…
Asian Stocks Gain as US Data Eclipses Greek Risk
Wednesday, 01 July 2015 23:07 Written by
U.S. stocks rallied Wednesday on hopes that a deal between Greece and its creditors could be put together to prevent the country from exiting the euro. Stocks in Europe rose sharply. In deal news, Chubb Corp. surged after agreeing to be acquired by rival insurance company Ace Ltd. Investors also got some encouraging news on hiring and manufacturing a day before the government's monthly jobs report. KEEPING SCORE: The Standard & Poor's 500 index
Family sues over southern California college hazing death
Wednesday, 01 July 2015 21:57 Written by
LOS ANGELES The family of a southern California university student who died on a grueling hike during an initiation rite for a fraternity sued officials from the college and the fraternity on Wednesday, accusing them of negligence. The lawsuit was filed in Los Angeles Superior Court on the one-year anniversary of the death of 19-year-old Armando Villa, a student at California State University, Northridge. "It's been a year since Armando's death and we still have…
Californians cut water use in May, ahead of mandatory reductions
Wednesday, 01 July 2015 21:02 Written by
LOS ANGELES California residents, in a boost for efforts to deal with a devastating four-year drought, cut water use by nearly 29 percent in May to score the biggest reduction since the state governor in early 2014 called for voluntary cutbacks, officials said on Wednesday. The reduction came just ahead of mandatory cutbacks on water consumption that took effect on June 1 under Governor Jerry Brown's order to cities and towns to curtail water use…
Washington state farmworker yelled 'kill me' before he was shot: officer
Wednesday, 01 July 2015 20:55 Written by
SEATTLE One of three police officers who shot dead a rock-throwing Mexican farmworker in Washington state earlier this year told investigators the man, after being repeatedly ordered to drop softball-sized rocks, yelled "No, kill me ... kill me." Pasco Police Department officer Adrian Alaniz was one of three patrolmen who opened fire on Antonio Zambrano-Montes at a busy intersection in the southeastern agricultural city on Feb. 10 after he pelted them with rocks, according to…
U.S. Episcopalians vote to let gay couples wed in churches
Wednesday, 01 July 2015 20:37 Written by
SALT LAKE CITY The U.S. Episcopal Church voted overwhelmingly on Wednesday to let gay couples wed in the denomination's religious ceremonies, reinforcing its support for same-sex nuptials days after the U.S. Supreme Court legalized gay marriage nationwide. The Church, part of the worldwide Anglican Communion, became in 2012 the largest U.S. religious denomination to approve a liturgy for clergy to use in blessing same-sex unions, including gay marriages in states where they were already legal.
California bill would classify pro sports cheerleaders employees
Wednesday, 01 July 2015 20:07 Written by
SAN FRANCISCO A bill currently before California Governor Jerry Brown would make clear that cheerleaders for state-based professional sports teams are employees, following high-profile lawsuits alleging labor violations in the state and elsewhere around the country. The bill, which would add a section to the state's labor code specifying that cheerleaders are team employees, passed the state Senate by a margin of 26 to 6 on Monday after easily clearing the Assembly. It was not…

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