GLOBAL MARKETS-Stocks, euro fall on concerns over Greece's future NEW YORK, July 7- Equity markets around the world fell while the euro slid to a five-week low against the dollar on Tuesday amid concerns over Greece's future as euro zone leaders were set to meet for an emergency summit on the country's debt crisis. "Markets seem to be losing patience and faith in the Athens' debt crisis ending with Greece's banks intact and the...
| By: Caroline Valetkevitch
Corzine, others settle MF Global lawsuit for $64.5 mln NEW YORK, July 7- Jon Corzine and other former executives and directors at MF Global Holdings Ltd have reached a $64.5 million settlement of litigation in which investors sought to hold them responsible for the now-defunct futures brokerage's 2011 bankruptcy. The preliminary all-cash settlement was disclosed in a Tuesday court filing, and requires...
Home prices hit new highs in 10 states A limited supply of listings continues to push home prices higher-so much higher that 10 states and D.C. hit new home price peaks in May.
| By: Diana Olick
UPDATE 1-Silver Wheaton shares fall 7 pct on possible Canada tax reassessment VANCOUVER, July 7- Shares in Silver Wheaton Corp fell more than 7 percent on Tuesday after the mining finance company said it may face tax payments of more than US $200 million following a reassessment "proposal" from Canada's tax authority. Vancouver- based Silver Wheaton said late on Monday it had received a letter from the Canada Revenue Agency that proposes...
Federal, Indiana authorities raid home of Subway spokesman ZIONSVILLE, Ind.- FBI agents and Indiana State Police raided the home of Subway restaurant spokesman Jared Fogle on Tuesday, removing electronics from the property and searching the house with a police dog. Neighbors confirmed the raid occurred at the home of Fogle, 37, who became the restaurant chain's pitchman after shedding 245 pounds more than 15 years ago,...
Source: The Associated Press
| By: By TOM MURPHY, Associated Press
EXCLUSIVE-Twinkies maker Hostess Brands shelves sale for IPO-sources July 7- Hostess Brands LLC, the U.S. bakery company whose snack cake brands include Twinkies and Ding Dongs, has pulled itself from the auction block and will instead pursue an initial public offering, according to people familiar with the matter. In 2013 the Kansas City, Missouri- based company was picked up from bankruptcy by private equity firm Apollo Global...
| By: Olivia Oran and Greg Roumeliotis
Carnival could launch Miami to Cuba cruises in May Starting in May, Carnival Corp. plans to offer trips from Miami to the Caribbean island nation, the company announced Tuesday. "This is an important first step for our company and the cruise industry," CEO Arnold Donald told The Associated Press in an email. "It begins our efforts to shape a long sustained industry experience in Cuba."
Source: The Associated Press