Stocks are rising in early trading as the euro hit six-week lows against the dollar and the Greek parliament approved austerity measures demanded by creditors for a third bailout. (CNBC)
Oregon’s largest employer, Intel, reported better-than-expected quarterly results as growth in its data centers and Internet-of-Things businesses helped offset weak demand for personal computers that use the company's chips. The company has been expanding its line-up of higher-margin chips used in data centers. Revenue from the data center business, Intel's second-largest, grew 9.7%. Revenue from the PC business, Intel's largest, fell 13.5%. Total profits fell 4.6%. (Reuters)
Philip Morris International second-quarter profit rose as market share improved. The seller of Marlboro and other cigarette brands outside the United States earned $1.89 billion. Market share increased in several key markets, including Brazil, France, Germany, Hong Kong, Russia and Spain. Cigarette shipment volume fell 1.4%. The company said that this was due to declines in the European Union, mostly Italy. (AP)
The average credit card has six different fees, according to a new CreditCards.com analysis of 100 major cards. The most fee-laden cards have 12, and just one of the cards assessed had no fees whatsoever.