Business News

Greece Back in Headlines

International happenings could be market movers today.  Greek government official say they will make a major debt payment tomorrow, but there are doubts Greece will be able to honor future obligations.  (CNBC)

China cut interest rates for the third time in six months as stimulus in responding to weaker-than-expected economic activity that could put the government's "around 7%" growth target at risk. (CNBC)

Dish Network saw revenue rise 3.6% in its latest quarter, even though overall subscriber numbers dropped. Dish now makes an average $86.01 per subscriber compared to $82.36 a year ago. (Reuters)

Manufacturing is coming back to the US. Volvo will build a $500 million plant in South Carolina that will eventually employ up to 4,000 people. South Carolina and Georgia had been the two finalists. (AP)

Just five U.S. companies-Apple, Microsoft, Google, Pfizer, and Cisco-are holding nearly half a trillion dollars in cash, as the country's tax code deters businesses from spending their overseas hordes. (FT)

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