TOP STORIES 
 
U.S. TREASURY YIELDS PLUNGE 

Treasury yields touched new lows Friday as investors continue to grapple with slow global growth, ultraloose central bank policies and the aftershocks of the Brexit vote.

GM, TOYOTA SALES DROPPED IN JUNE 

The pace of growth in U.S. auto sales slowed in June as two of the biggest players reported declines, fueling doubt about the industry's ability to maintain its record clip.

LENDINGCLUB FUND HAS ITS VERSION OF JUNE SWOON 

A fund managed by LendingClub that invests in the company's online consumer loans expects to report its first-ever negative month, according to investor documents reviewed by The Wall Street Journal.

TOP WALL STREET REGULATOR'S SALARY APPROACHES $3 MILLION 

The Financial Industry Regulatory Authority, which oversees stockbrokers and monitors trading on exchanges, paid its chief executive officer $2.9 million last year.

PUERTO RICO TO DEFAULT ON GUARANTEED DEBT 

Puerto Rico will default on its guaranteed debt for the first time Friday by failing to make most of some $1 billion in payments due, officials said.

ECB URGES U.K. TO DRAW UP POST-BREXIT PLAN 

Top ECB officials called on Britain to create a post-referendum road map, warning the nation's vote to leave the European Union would weigh on the eurozone's economic recovery.

ATTACKERS TAKE HOSTAGES AT BANGLADESH RESTAURANT 

A group of as many as nine gunmen attacked a restaurant in a diplomatic zone of the Bangladeshi capital of Dhaka on Friday, taking hostages and exchanging gunfire.

GENERAL MILLS EXPANDS FLOUR RECALL 

General Mills Inc. said it was expanding its recall of flour products to those produced last fall following a newly reported illness.

HYPERLOOP ONE REPLACES CO-FOUNDER BROGAN BAMBROGAN WITH JOSH GIEGEL 

Hyperloop One has replaced co-founder Brogan BamBrogan with its vice president of engineering Josh Giegel, as the startup races to bring its high-speed shuttle-transport technology to life.

SEC INVESTIGATING SOFTBANK, FORMER EXECUTIVE NIKESH ARORA 

The SEC is investigating SoftBank and former executive Nikesh Arora, according to a lawyer for investors in the Japanese telecom firm.

FED'S MESTER SAYS 'GRADUAL' PATH OF RATE RISES REMAINS 'APPROPRIATE' 

Federal Reserve Bank of Cleveland President Loretta Mester said that while she is still gauging the impact to the U.S. of the U.K. vote to leave the European Union, she continues to favor interest rate rises over coming months.

WILLIAMS OUTGOING DIRECTORS AIR CEO GRIEVANCES 

Two activist investors who resigned their Williams board seats vowed to keep pushing for changes at the company and aired their grievances with CEO Alan Armstrong.

MERCK TO BUY BRAZILIAN ANIMAL-HEALTH COMPANY 

Merck & Co. said Friday that it would acquire controlling interest in Vallee SA, a producer of animal-health products in Brazil, for $400 million.

GERMANY PUTS MIGRATION-RELATED COSTS AT OVER $86 BILLION 

The tidal wave of refugees that crashed through Germany's doors last year has long turned to a trickle, but the costs of the inflow will remain a burden on the country for years, budget figures showed.

HONEYWELL TO BUY INTELLIGRATED, BOOSTING AUTOMATION PORTFOLIO 

Honeywell agreed to acquire privately held Intelligrated, a supplier of warehouse automation systems, for $1.5 billion in cash.

APAX TO SELL CANADIAN AUTO MARKETPLACE TO PRIVATE-EQUITY FIRM 

Apax Partners on Friday said it agreed to sell Trader Corp., an online automotive marketplace based in Canada, to private-equity firm Thoma Bravo for about $1.22 billion.

NUMBER OF U.S. OIL RIGS RISE BY 11 OVER PAST WEEK 

The number of rigs drilling for oil in the U.S. rose by 11 over the past week to 341, according to oil-field services company Baker Hughes Inc., as oil prices were moved by the Brexit vote.

TIME INC. PLANS SIGNIFICANT REORGANIZATION 

Time Inc. plans a significant reorganization to generate more non-print revenue from videos, live events and deeper collaborations with advertisers, as well as to encourage broader distribution of content.

BUNDESBANK PRESIDENT OPPOSES POST-BREXIT EUROPEAN STIMULUS 

The influential German central banker says the ECB is already 'very expansionary' and should not loosen monetary policy in reaction to U.K. referendum.

PERSHING SQUARE LAYS OFF EIGHT LOWER-LEVEL EMPLOYEES 

William Ackman's Pershing Square Capital Management LP, which has been battered this year by a slumping portfolio, laid off eight lower-level employees this week, according to people familiar with the matter.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
U.S. News 
LYNCH TO ACCEPT OFFICIALS' FINDINGS ON CLINTON'S EMAIL 
 

Attorney General Loretta Lynch sought to contain fallout from her meeting with Bill Clinton, saying she will accept prosecutors' recommendations on whether to file charges in the Hillary Clinton email probe.

 
Business 
TESLA'S 'AUTOPILOT' FLEW UNDER REGULATORS' RADAR 
 

U.S. auto-safety regulators have advocated for many of the technologies Tesla Motors uses in its autonomous-driving system, but had little power to stop or impose requirements on how it released its Autopilot technology.

(END) Dow Jones Newswires

July 01, 2016 17:00 ET (21:00 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.