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COLUMN-As China suspends reality, sit tight: James Saft

July 7- Only an excessively brave investor would bet that China's increasingly desperate moves to prop up its stock market won't work; only a fool would bet that they will. The proper place for anyone with any choice in the matter is on the sidelines, watching with concern as China, faced with a rapid implosion in its stock market, attempts to overawe would-be...
Source: Reuters | By: James Saft
Insurers choose partners, and dance floor shrinks

One of the most significant eras of consolidation in the history of the health insurance sector is underway. Will this M&A wave spur more deals?
Source: CNBC.com | By: Bertha Coombs
Japan's UNESCO heritage bid draws ire over past labor abuse

GUNKANJIMA, Japan- Of countless ghostly abandoned factories and mines in Japan, this fortress island near Nagasaki is among the most notorious. Gunkanjima, or Battleship Island, is one of 23 old industrial facilities seeking UNESCO's recognition as world heritage "Sites of Japan's Meiji Industrial Revolution" meant to illustrate Japan's rapid...
Source: The Associated Press | By: By ELAINE KURTENBACH, Associated Press
Obama health care law survives second Supreme Court fight

WASHINGTON- The Supreme Court sent a clear message Thursday that President Barack Obama's health care overhaul is here to stay, rejecting a major challenge that would have imperiled the landmark law and health insurance for millions of Americans. The 6-3 ruling, which upheld financial aid to millions of low- and middle-income Americans to help pay for...
Source: The Associated Press | By: By MARK SHERMAN, Associated Press
Cramer finds undervalued oil stocks  

Mad Money host Jim Cramer trades a few energy stocks, including Apache and Anadarko.
Source: CNBC.com
CEO Plank solidifies control of Under Armour

Under Armour announced a new class of publicly traded shares without voting power, a move that gives CEO Kevin Plank more control over his company.
Source: CNBC.com | By: Dominic Chu
How badly did miners suffer last year? $156B bad

The world's biggest miners lost $156 billion of their combined market value last year, according to new data, and the losses could keep flowing.
Source: CNBC.com | By: Nyshka Chandran
Oil bosses break long climate silence with urgent initiative

*Energy firms accelerate activity ahead of Paris summit. Discrete talks in the eyrie of Davos in January led to a spontaneous, light bulb moment on a stage in Oslo in February. Faced with growing pressure from shareholders, vocal divestment campaigns by the media and advocacy groups, there looms the critical moment of the United Nations climate summit in Paris in...
Source: Reuters | By: Ron Bousso and Dmitry Zhdannikov
UPDATE 1-Airlines weigh up Lufthansa ticket distribution charge

MIAMI, June 9- Global airlines are considering whether to copy a move by Lufthansa to slap a 16 euro surcharge on tickets booked via third-party systems as they try to improve the amount they earn on ticket sales, executives said at a meeting in Miami this week. Air France-KLM is considering its options, the airline's chief executive said on Monday, although no...
Source: Reuters | By: Victoria Bryan
European shares extend losing streak, led lower by Amadeus

LONDON, June 9- European stocks fell for the sixth consecutive session on Tuesday, led lower by Spain's Amadeus and tracking a fall on the U.S. equity market as investors speculated that the Federal Reserve may raise rates as soon as September. It tracked Wall Street, where the Dow Jones dropped into negative territory for the year on Monday. The fall came as Air...
Source: Reuters | By: Liisa Tuhkanen and Alistair Smout