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UPDATE 1-Clinton says Puerto Rico should have access to U.S. bankruptcy laws

He also urged Washington to make changes to U.S. bankruptcy laws to include Puerto Rico. Like U.S. states, Puerto Rico, a commonwealth, cannot file for bankruptcy protection. "As a first step, Congress should provide Puerto Rico the same authority that states already have to enable severely distressed government entities, including municipalities and public...
Source: Reuters | By: Amanda Becker
Automatically organic: Paris self-serve shops a nod to farms

PARIS- Diners in Paris are flashing back- and forward- to the era of the automat, but this time with a nod to organic farming. Today, entrepreneurs in France and Scotland are appropriating the concept that once symbolized modernity to help customers get back to the land. Joseph Petit employs no staff at his two Paris stores.
Source: The Associated Press | By: By MAGGY DONALDSON, Associated Press
How smart money's playing the eBay-PayPal split

As eBay and PayPal prepare to go their separate ways for the first time in 13 years, investors are split over the growth and value opportunities.
Source: CNBC.com | By: Ari Levy
Germany-not Greece-will be the real loser

In the end of this Greek drama it will be Germany, not Greece, that will be the biggest loser, says Peter Morici.
Source: CNBC.com | By: Peter Morici
City OKs planned Millennium Hollywood skyscrapers project

LOS ANGELES- Los Angeles building officials approved plans to build a 1 million-square-foot complex of skyscrapers, stores and restaurants in the heart of Hollywood, agreeing with the developer that an earthquake fault underneath the property is too old to be considered active. The move ends a two-year debate over whether two massive skyscrapers planned by...
Source: The Associated Press
Clinton says Puerto Rico should have access to U.S. bankruptcy laws

Puerto Rico's non-voting delegate in the U.S. Congress has called for legislation that would allow Puerto Rico to access the same bankruptcy laws available to other municipalities, as has Puerto Rico's Governor Alejandro Garcia Padilla. "Congress and the Obama administration need to partner with Puerto Rico by providing real support and tools so that...
Source: Reuters | By: Amanda Becker
Like Greece, Italy needs to leave euro: Grillo

Greece will have to "confront an exit from the euro," Beppe Grillo told CNBC -- and Italy should follow suit.
Source: CNBC.com | By: Holly Ellyatt
The Latest: Greek banks not expected to reopen this week

The White House says President Barack Obama and Greek Prime Minister Alexis Tsipras spoke by phone Tuesday morning. It's the first known phone call between the two leaders since the weekend referendum in which Greece rejected creditor proposals that included more austerity measures. The White House has said it's in Europe's interest to reach a resolution...
Source: The Associated Press
Chinese stocks drop, other Asian markets mixed

BEIJING- Chinese stocks fell Tuesday despite government intervention and other global markets were mixed as Greece's spiraling crisis kept investors on edge. Britain's FTSE 100 shed 0.2 percent to 6.521. 87. On Monday, the DAX lost 1.5 percent, the CAC-40 declined 2 percent and Britain's FTSE 100 was off 0.8 percent.
Source: The Associated Press | By: By JOE McDONALD, AP Business Writer
Unyielding euro zone gives Athens last chance

Athens will be given a final chance to present a new reform plan to eurozone leaders on Tuesday night despite a hardening attitude to Greece in many capitals after the emphatic rejection of previous bailout terms in Sunday's referendum, the Financial Times reports.
Source: Financial Times | By: Peter Spiegel, Claire Jones and Kerin Hope