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Weak

Chicago Board of Trade › (CBOT:RR.U14)

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Greek left opposition leader says euro exit easy to swallow _ like downing a glass of water

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ATHENS, Greece (AP) — A left-wing opposition leader is telling voters they won't find a Greek exit from the common European currency hard. The key difficulty would be taking the political decision, he told a news conference Thursday. He added that the new currency might suffer a "small, limited devaluation."

Leon Gorman, LL Bean's grandson and a longtime company leader, dies at 80 in Maine

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FREEPORT, Maine (AP) — Leon Gorman, a grandson of L.L. Bean who led a modernization of his family's outdoor clothing and gear retail business after the founder's death, died Thursday. He was 80. Gorman led the Maine-based company as CEO or chairman for 46 years before retiring from L.L. Bean as chairman of the board in 2013. He retained the title of chairman emeritus.

Q&A: What to expect from the Federal Reserve on rates and how financial markets may react

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NEW YORK (AP) — This month's Federal Reserve policy meeting could signal the end of an era. Policymakers may decide to raise interest rates for the first time since the Great Recession, marking the end of an era of ultra-low rates that has defined financial markets for almost seven years. Although signs of slowing global economic growth have decreased the likelihood of a September rate increase, many economists still expect policymakers to take action at least once this year as the labor market improves. The Fed has kept its benchmark rate at close to zero since late 2008 to help revive the economy.

Production of Ovation guitars, favored by Mick Jagger and Paul Simon, to resume at US factory

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HARTFORD, Conn. (AP) — A Connecticut factory that produced Ovation guitars for nearly a half century before closing last year will resume making the renowned instruments, thanks to the efforts of factory employees. After Ovation was sold in December, the new owner planned to move the remaining operations to California but decided to keep them in New Hartford after seeing what Wallace had done. The factory had earned a reputation for turning out high-quality acoustic guitars praised for their tone and craftsmanship. Music legends who have played Ovations include Paul Simon, Cat Stevens, Glen Campbell, John Lennon, Mick Jagger and Eddie Van Halen.

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