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| Greek Prime Minister Alexis Tsipras said his government's proposed reforms in exchange for bailout aid have not been accepted by its international creditors. U.S. stock futures were under pressure this morning. (CNBC) |
| Investors will also be studying the government's third and final revision of first quarter GDP-set for release at 8:30 a.m. ET. Economists expect the contraction to be smaller than the previous estimate. (CNBC) |
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| In recent sessions, Wall Street had been gaining positive momentum as the month and second quarter near an end. The Nasdaq hit another recordTuesday, as the Dow and S&P 500 inched closer to new highs. (CNBC) |
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| In a move that could make shares more attractive to individual investors, Netflix (NFLX) has approved a 7-for-1 stock split, following in the footsteps of Apple (AAPL), which executed a similar action last year. (CNBC) |
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| Apple's new streaming music service has signed deals with independent labels. The move follows Apple's decision to pay royalties during a free trial period-a reversal after criticism from popstar Taylor Swift. (Billboard) |
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| Boeing (BA) is replacing veteran CEO Jim McNerney with current president and COO Dennis Muilenburg, 51, who joined the company as an intern in 1985. McNerney will remain chairman. (CNBC) |
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| Coty (COTY) wants to stick with its interim CEO for now-so the executive who had been slated for the top has decided not to join the cosmetics and fragrance maker. He's getting a $1.8 million exit package. (AP) |
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| Clothing company American Apparel (APP) has accused ousted founder Dov Charney of using ethnic slurs against workers and keeping videos on a company server of himself in sex acts with models and employees. (Reuters) |
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| Palantir, the CIA-backed big data startup that began life catering for the intelligence services, is raising funds at a $20 billion valuation, more than doubling its worth in a year and a half. (FT) |
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| The NSA spied on French presidents Jacques Chirac, Nicolas Sarkozy and Francois Hollande, according to WikiLeaks, citing top secret intelligence reports and technical documents. (Reuters) |
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| A federal judge in Boston today is expected to formally sentence 21-year-old Dzhokhar Tsarnaev to death for his role in the 2013 Boston Marathon bombings. (NBC News) |
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| South Carolina lawmakers have agreed to hold a debate later this summer on whether to remove the Confederate flag from the grounds of the Capitol. Meanwhile, the coffin of State Sen. Clementa Pinckney, among those killed in the mass church shooting, will be on display today in the Statehouse Rotunda. (AP) |
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| Alibaba (BABA) has become the latest retailer remove Confederate flag-themed items from its website. Meanwhile, Warner Bros. has decided to stop licensing products related to the iconic "Dukes of Hazzard" muscle car, the General Lee, which had the Confederate flag on the roof. (Reuters & Vulture) |
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| The Senate is preparing to hand President Barack Obama a major victory with final passage of fast-track authority to negotiate trade deals. The measure, opposed by Democrats, has already passed in the House. (AP) |
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| Louisiana Gov. Bobby Jindal is expected today to enter an already crowded field for the 2016 Republican nomination for president. Jindal is scheduled for a "Squawk Box" interview tomorrow morning. (USA Today) |
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