TOP STORIES 
 
U.S. STOCKS DECLINE 

U.S. stocks fell Tuesday, as European officials met to hash out what could be a final push to keep Greece in the eurozone.

EUROZONE PUSHES FOR NEW GREEK PROPOSAL 

Eurozone decision makers were meeting for what could be a final effort to keep Greece in their currency union, warning that without a credible proposal from Prime Minister Alexis Tsipras on Tuesday his country might have to abandon the euro.

U.S. TRADE GAP INCREASES MODESTLY IN MAY 

The U.S. trade gap expanded modestly in May due to a slowdown in exports, suggesting a stronger dollar and global turmoil will weigh on economic growth this year.

HORIZON PHARMA OFFERS TO BUY DEPOMED FOR $1.75 BILLION 

Horizon Pharma PLC has proposed to buy Depomed Inc. for $1.75 billion in stock, as another Ireland-based company seeks to use its tax-friendly status to lure a U.S. company.

ALLERGAN BUYS RIGHTS TO MERCK'S MIGRAINE DRUGS 

Allergan said that it has reached a deal to buy the exclusive world-wide rights to two of Merck's experimental migraine drugs for an upfront payment of $250 million.

EUROPEAN CENTRAL BANK'S NOWOTNY: IF GREECE MISSES PAYMENT, FUNDS WILL BE CUT OFF 

The European Central Bank will be forced to cut off liquidity to Greece should it miss the July 20 deadline to pay back the central bank, said Ewald Nowotny, a member of the bank's governing council.

SAMSUNG SEES SEVENTH STRAIGHT PROFIT DECLINE 

Samsung's second-quarter earnings estimates suggest that sales of its new flagship smartphones were much worse than expected.

OIL PRICES EXTEND SELLOFF 

Oil prices extended their selloff Tuesday on a stronger dollar, even as negotiations on Iran's nuclear program were extended.

CARNIVAL GETS U.S. APPROVAL TO START CRUISES TO CUBA 

Carnival said U.S. Treasury Department granted the cruise-ship company approval to begin cruises to Cuba starting next May.

TECHNIP SHARES PLUMMET ON RESTRUCTURING 

Shares in French oil services company Technip plummeted after it announced a major restructuring plan, including 6,000 job cuts world-wide, as falling energy prices force the company to drastically cut costs.

IRAN NUCLEAR TALKS TO CONTINUE BEYOND DEADLINE 

Iran and six major powers will continue negotiations through Tuesday night's deadline, European Union foreign policy chief Federica Mogherini said.

AXEL SPRINGER WANTS FOUNDER'S WIDOW TO RETAIN CONTROL 

The German publisher is preparing for a potential merger with ProSiebenSat.1 by pursuing plans that would allow Friede Springer to retain control of a merged company.

EQUITY GROUP INVESTMENTS TO TAKE MAJORITY STAKE IN ARDENT'S HOSPITAL OPERATIONS 

Ventas has agreed to a deal with Equity Group Investments, who will take a majority ownership of the hospital operations of Ardent Health Services, the company Ventas agreed to buy earlier this year.

AUSTRALIAN CENTRAL BANK KEEPS RATES STEADY 

Australia's central bank kept interest rates steady while playing down any immediate risk posed to the economy by uncertainty surrounding Greece's debt negotiations and recent sharp falls in Chinese share prices.

RBC NAMES DOUG GUZMAN HEAD OF WEALTH MANAGEMENT, INSURANCE 

Royal Bank of Canada announced a key executive change on Tuesday, naming Doug Guzman as the new head of its wealth management and insurance division.

SINGAPORE'S TEMASEK SHRUGS OFF CHINA VOLATILITY 

Singapore's state investment firm Temasek Holdings played down concerns about volatile equity markets in China, its second-largest investment destination, as it reported a sharp jump in net profit.

GERMAN MEDIA GIANTS IN TIE-UP TALKS 

German broadcaster ProSiebenSat.1 and publishing company Axel Springer are in talks to merge in a transaction that would shake up the media market, people familiar with the matter said.

HAYES TELLS TRIAL HE ADMITTED MISCONDUCT TO AVOID EXTRADITION 

Tom Hayes, the alleged ringleader of a global interest-rate-rigging conspiracy, testified that he previously admitted to misconduct to British investigators solely in an attempt to avoid being extradited to the U.S.

CHINA OPENS SOME ENERGY RESOURCES TO PRIVATE INVESTMENT 

China's government is offering private companies the rights to explore six oil-and-gas blocks in a small step toward opening the nation's energy resources to private investment.

GAMING AND LEISURE BOOSTS BID FOR PINNACLE'S REAL ESTATE 

Gaming and Leisure Properties said Tuesday that it has boosted its offer for Pinnacle Entertainment's real estate after its previous offers were rejected.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Europe News 
GERMANY'S POWER POLARIZES EUROPE 
 

The Continent's most powerful country is grappling with its leadership role-and other nations are, too.

 
Europe Markets 
HEDGE FUNDS WEATHER GREEK CRISIS 
 

Hedge funds slashed bets on European stocks ahead of the latest developments in the Greek debt crisis, a move that has helped them limit the impact of a downturn in the markets.