Stocks climb on optimism over Greece situation, U.S. economy

Wall Street posted gains on Wednesday on the back of upbeat U.S. economic data and signs Greece may strike a pact with its international creditors.


Greece's Tsipras digs in against bailout

A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with EU partners before a referendum on Sunday that may decide Greece's future in Europe.


Hillary Clinton raises record $45 million in first quarter of campaign

Hillary Clinton's presidential campaign raised at least $45 million during its first quarter, her campaign told Bloomberg on Wednesday. Clinton's haul from her campaign's launch in mid-April through June 30 is a record for primary money raised in a candidate's first quarter. President Barack Obama held the previous record for a campaign's first quarter, raising $41.9 million after launching his re-election bid.


Macy's dumps Trump clothing line in response to comments

Macy's is the latest company to end its relationship with Donald Trump as the fallout from the real estate mogul's remarks about Mexican immigrants continues. Companies have been cutting ties with Trump ...


Fannie Mae and Freddie Mac hike pay for their CEOs

U.S. government-controlled mortgage finance companies Fannie Mae and Freddie Mac on Wednesday disclosed huge pay raises for their chief executive officers, part of a plan sanctioned by their regulator to attract and retain talent. Fannie Mae CEO Timothy Mayopoulos and his counterpart at Freddie Mac, Donald Layton, will each now earn $4 million a year, up from previous annual salaries of $600,000. The Federal Housing Finance Agency, an independent regulator, slashed executive pay at the two companies in 2012.


Saudi Prince Alwaleed pledges $32 bn fortune to charity

Saudi tycoon Prince Alwaleed bin Talal on Wednesday promised his entire $32 billion (28.8 billion euro) fortune to charitable projects in coming years, in one of the biggest ever such pledges. The pledge is "maybe... the first such big announcement" of its kind in the region, and is modelled on a charity established by Microsoft founder Bill Gates in the United States, the prince told reporters. Alwaleed said he would head a board of trustees tasked with spending the funds, which would still be used after his death "for humanitarian projects and initiatives".


Gross gets co-manager as Janus acquires firm of Pimco alum

Bill Gross, who has been running the $1.5 billion Janus Global Unconstrained Bond Fund since leaving Pacific Investment Management Co. last year, is getting a co-manager. Janus Capital Group Inc. on Wednesday said that Kumar Palghat, who worked with Gross at Pacific Investment Management Co. for 10 years, will help run the fund, with Gross staying on as lead manager. Janus also bought a majority stake in Palghat’s firm, Kapstream Capital Pty Ltd, a global unconstrained fixed income manager with $6.6 billion in assets.


About that 36% effective tax rate for Jeb Bush

About that 36% effective tax rate for Jeb Bush


Robert Shiller: Stocks pricey-here's what to do

Nobel Prize-winning economist Robert Shiller tells CNBC that his key valuation indicator is flashing warning signs. He also offers advice.


Tesla's charging troubles, Bill Gross gets a partner and Twitter's CEO shuffle

Yahoo Finance's Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.

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ICM Lending is a loan lender specializing in reverse mortgage. While we represent individuals for reverse mortgages throughout California, many of our clients have Orange County real estate and Los Angeles real estate. If you are 62 years of age or older and are interested in learning more about a reverse mortgage and how it can help to supplement your monthly financial needs, please contact ICM Lending...



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