Stocks wavering on Europe: Investors keep getting mixed signals on the debt discussions. But at last check the Dow was up more than 100 points.
Still no unified stance from Europe: Lots of talk but little action on how to deal with the debt crisis. Meanwhile, prospects of a Greek default seem to grow. From AP:
The government faced strikes and protests Monday against new austerity measures needed to appease the country's rescue creditors. Athens metro, tram and suburban rail workers held a 24-hour strike, while buses and trolleys were to stop operating for several hours. Airline passengers also faced delays as traffic controllers implemented work-to-rule action, refusing to work overtime. A 48-hour strike by all transport workers is expected later this week.
Netflix, DreamWorks Animation cut streaming deal: It's the first time a major Hollywood supplier has chosen Web streaming over pay television. From the NYT:
The DreamWorks contract comes as Netflix is trying to navigate a dense thicket of challenges. Competition from the likes of Apple, Amazon and Vudu, a streaming service owned by Wal-Mart, is increasingly fierce; Dish Network, which plucked Blockbuster out of bankruptcy earlier this year, on Friday announced a Blockbuster-branded streaming and DVD-by-mail service.
Amazon, Fox cut streaming deal: A selection of movies and TV shows will be available on the retailer's streaming service later this fall. (The Wrap)
Grocery workers approve new contract: The deal would apparently eliminate a system of "tiered" health benefits in which newer workers paid more. A union official told the Union Tribune that employers would spend millions of dollars more toward the employees' health care than they do now. No comment from the supermarket chains.
L.A. Controller to audit Coliseum finances: Wendy Greuel's office will be working in conjunction with District Attorney Steve Cooley's office, which is conducting the criminal probe into financial irregularities. (LAT)