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In This Issue

  • Vollwerth's Legacy - 100 years and 4 generations
  • Estate Planning for Small Business Owners
  • Expansions at Upper hand Brewery and Systems Control
  • The U.P. Prosperity Awards

Yahoo! Finance: Top Stories

European bonds and stocks on the defensive before tight Greek vote
Yields on top-rated German 10-year Bunds, the benchmark for European borrowing costs, fell as some investors chose to preserve their capital in low-yielding but relatively safe assets. The moves were marginal, though, as investors did not want to position too heavily on either side. "The European market is frozen ahead of the Greek referendum," said Markus Allenspach, head fixed income research at Julius Baer.

Greeks deeply divided heading into crucial vote
Tens of thousands of Greeks took to the streets on Friday in rival rallies that laid bare the deep divide heading into a referendum that may decide the country’s future in Europe’s single currency. Prime Minister Alexis Tsipras, elected in January on a promise to end years of austerity, urged people packing Syntagma square in central Athens to spurn the tough terms of an aid deal offered by international creditors to keep the country afloat. Tsipras says they are bluffing, fearing the fallout for Europe and the global economy.

Aetna to buy Humana for $37 billion in largest insurance deal
The combination will push Aetna close to Anthem Inc's (ANTM.N) No.2 insurer spot by membership, and would nearly triple Aetna's Medicare Advantage business. The deal will face antitrust scrutiny but if it goes through it would dwarf the previous largest insurance deal announced just this week, where Swiss property and casualty giant ACE Ltd (ACE.N) announced it was buying Chubb Corp (CB.N) for $28 billion.

China hunts for 'manipulators' as stocks tumble
Chinese stocks tumbled again on Friday, taking the week's losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation and announced a slew of measures aimed at heading off a full-blown crash. After a slump of nearly 30 percent in Chinese stocks since mid-June, the China Securities Regulatory Commission (CSRC) has set up a team to look at "clues of illegal manipulation across markets". After market close, a CSRC spokesman said China would cut initial public offerings and capital raisings and support long-term investors entering the market to help stabilize prices.

UBS has whistleblower deal in Brazil currency investigation: paper
Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil's currency market and will receive no punishment in the case, a local newspaper reported ...

BP reaches $18.7 billion settlement over deadly 2010 spill
BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act fines and natural resource damages, plus $4.9 billion to states. The preliminary settlement, subject to all sorts of variables, avoids a substantial amount of further litigation.

Fiat Chrysler CEO says no news on approach to GM but consolidation good
Consolidation continues to be necessary in the auto industry but there is nothing new to report on Fiat Chrysler's (FCHA.MI) (FCAU.N) desire for a tie-up with General Motors (GM.N), FCA CEO Sergio Marchionne said on Friday. "The (need for) consolidation remains valid, no one has questioned its economic rational," Marchionne said, speaking on the sidelines of the launch of a re-styled version of its popular Fiat 500 hatchback. Marchionne approached his counterpart at GM, Mary Barra, with a merger proposal earlier this year but was rebuffed.

New Credit Suisse CEO promises 'ruthlessly selective' review: FT
The 52-year old former chief executive of British insurer Prudential said that Credit Suisse may pursue growth by expanding internationally in emerging markets, United States and Switzerland, the FT said.

Mixed U.S. jobs report dampens September rate hike bets
U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. The Labor Department said on Thursday nonfarm payrolls rose 223,000 last month after a downwardly revised 254,000 increase in May, with construction and government employment unchanged, and the mining sector purging more jobs. April payrolls were also lowered, meaning 60,000 fewer jobs were created during the two months than previously reported.

Heinz completes Kraft purchase, Buffett joins board
H.J. Heinz Co on Thursday completed its purchase of Kraft Foods Group Inc, creating the third largest food and beverage company in North America and fifth largest worldwide. The new company, Kraft Heinz ...