Bloomberg:
- Ford Motor(F) and DaimlerChrysler(DCX) said their US sales of cars and trucks declined in June.
- The US dollar climbed the most in a week against the yen as an industry report showed prices paid by US manufacturers were higher in June than analysts predicted.
- Mexican election authorities will conduct a recount to determine who won yesterday’s presidential vote, with nearly complete returns showing former Energy Minister Calderon in front by the slimmest of margins.
Wall Street Journal:
- MasterCard Intl.(MA) may have to quit its role as middleman in establishing bank fees charged to complete credit card transactions in the European Union, citing antitrust officials.
- The US Congress is considering fixed-price contracts for defense companies as it seeks to hold down weapons spending.
- Fees charged by US mutual funds are declining, but more fund managers need to invest money in their own funds, so their interests are in consonance with those of shareholders, according to Morningstar.
AP:
- New Jersey regulators told the state’s 12 casinos to prepare to close July 5 as part of a government shutdown ordered by Governor Corzine after a government shutdown
- Toys “R” Us(TOY) CEO Storch said he wants cleaner, less cluttered stores and will continue to focus on younger children as the second-largest US toy seller competes with Wal-Mart Stores(WMT).
- Iran needs to stop enriching uranium by July 12 or face possible sanctions before the UN Security Council.
NY Times:
- Vonage(VG), SunRocket and other companies that offer low-cost telephone services over the Internet are putting pressure on traditional phone companies to cut their rates.
- Google Inc.(GOOG) continues to design most of its software and servers as part of a strategy to gain a lead over rivals Microsoft(MSFT) and Yahoo!(YHOO), which mainly buy machines from other manufacturers.
Financial Times:
- The NYMEX may announce plans next week to start electronically traded aluminum and zinc contracts.
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