- The top court in Europe suspended a transatlantic data-sharing deal, dealing a heavy blow to U.S. technology companies such as Action Alerts PLUS portfolio holdings Alphabet (GOOGL) and Facebook (FB) or Growth Seeker's name Amazon.com (AMZN). The companies had been bracing for a negative result and say they can weather the outcome, but it may mean thousands of cases claiming privacy breaches could be brought in the future.
- Russia has been targeting Syrian rebels backed by the U.S. Central Intelligence Agency (CIA) with its air strikes, American officials quoted by the Wall Street Journal said. "On day one, you can say it was a one-time mistake," a senior U.S. official said. "But on day three and day four, there's no question it's intentional. They know what they're hitting."
- Second-quarter revenue at brewer SABMiller (SBMRF) fell, dragged down by weakness in emerging market currencies. The trading update was issued ahead of next week's deadline for Anheuser-Busch InBev (BUD) to make a bid for the brewer or walk away.
- The largest 500 U.S. companies' offshore profits exceed $2.1 trillion, and are held abroad in order to avoid paying U.S. taxes, a study showed. If the companies were to repatriate the funds, they would collectively owe an estimated $620 billion.
- U.K. businesses have warned Prime Minister David Cameron to bring forward by one year, to 2016, a referendum on whether the U.K. should stay in the European Union or leave. The chances of an "out" vote are 50-50.
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