Leaders From Eurozone Work Into Morning on Greek Crisis (Dealbook)
The mood grew increasingly tense as it became clear that the leaders were weighing steps that Greece’s left-wing government, while desperate for a deal to pave the way for new funding, would find difficult to sell at home — just a week after Greek voters overwhelmingly rejected softer terms in a referendum.
EU Demands Complete Capitulation From Tsipras (Bloomberg)
European leaders gave Greek Prime Minister Alexis Tsipras a straightforward choice on Sunday: ditch his principles or quit the euro. At an emergency summit in Brussels, Tsipras was presented with a laundry list of unfinished business from previous bailouts that he’d pilloried in opposition and during six turbulent months in office. Euro-area leaders gave him three days to enact their main demands to keep alive chances of adding bailout funds of as much as 86 billion euros ($96 billion) to earlier commitments of 240 billion euros.
Bond Traders Put on Tenterhooks After Greece Given New Deadline (Bloomberg)
Traders may be caught off guard by the latest twist in Greece’s debt saga. The premium they demand to hold Italian debt over Germany’s narrowed by the most in almost three weeks on July 10 after Greece’s proposals for a deal seemed set to advance negotiations and bring it back from the brink of expulsion from the currency bloc.
Florida woman doesn't realize she'd been shot until four days later (UPI)
Heather Charlebois was just sitting down at a cafe late Saturday night when she felt a sting on her leg. She and her boyfriend cleaned up her wound in the restaurant's bathroom, but not seeing any blood, they figured she must have been burnt by a firecracker. "My first thought was somebody hit me, slapped me open handed really hard on my leg and pinched me, but it did not make any sense because I didn't see anyone," Charlebois told The Daytona Beach News-Journal. Four days later, when the pain still hadn't gone away, she visited a doctor, who ordered an X-ray and found a .38-caliber bullet embedded about 4 centimeters into her thigh, she told WESH-TV in Orlando, Fla. DeLand police are now trying to figure out who shot the bullet.
Houlihan Lokey, Boutique Investment Bank, Files for an I.P.O. (Dealbook)
The firm filed for an initial public offering on Friday afternoon, looking to join rivals like Evercore Partners, Greenhill & Company, and Moelis & Company in having stock that it can use for acquisitions and pay for its bankers.
Regulators Tie High-Speed Trading to Treasury Volatility (Bloomberg)
While a soon-to-be-published government report won’t point to just one cause, it will cite speed traders as playing a key role, according to a person with direct knowledge of the study. Treasury yields plunged the most in five years on Oct. 15, 2014, before recovering, fueling a months-long debate over whether something has fundamentally changed in a $12.7 trillion market that most investors consider a safe haven.
Barclays Said to Mull Takeover to Separate Retail Business (Bloomberg)
Under McFarlane, who assumed the role of acting chief executive officer after firing Antony Jenkins last week, Barclays is looking into buying an entity with a banking license to help meet the ring-fencing rules, said the person who asked not to be identified because the plans are private. The bank may also apply for a new banking license with the Prudential Regulation Authority, according to the person.
Judge Backs AIG in Breach-of-Contract Claim Against Coventry First (WSJ)
American International Group Inc. won a federal-court ruling on a core claim in a lawsuit accusing a Philadelphia-area firm of cheating it of more than $150 million in amassing a portfolio of “life settlements.” Federal Judge Jed S. Rakoff in Manhattan ruled Friday in AIG’s favor on a breach-of-contract claim against Coventry First LLC, while leaving other claims, and determination of any damages and relief, on track for trial as early as next month. The other claims accuse Coventry of fraud and racketeering tied to an alleged “egregious criminal scheme” in the obscure investment area.
US Marshals Employee Caught Having Sex On Roof Of Federal Building (AP)
A resident of a nearby apartment building who was concerned that there was a security breach snapped the pictures this week and sent them to WHTM-TV in Harrisburg, which alerted authorities. U.S. Marshal Martin J. Pane issued a statement Thursday confirming the employee's involvement. He said the matter is under investigation. The photos depict a couple engaged in sex acts on the roof of the Ronald Reagan Federal Courthouse in Harrisburg. Pane said the Marshals Service is confident that the security integrity of the courthouse is intact.