Global Glance: Tenuous bull market, US-EU data sharing, UFC

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Here are today’s top business headlines from across the nation and world:

A bull market record that still doesn’t feel like it

NEW YORK (AP) — It’s a new record for stocks, but it sure doesn’t feel like it. Still, stocks have rewarded investors who had faith to hold on. With a new high for the Standard and Poor’s 500 index on Monday, it has tripled since its low in March 2009 during the financial crisis. Read more


New data-sharing rules for EU and US adopted

BRUSSELS (AP) — New rules governing trans-Atlantic data transfers were formally approved Tuesday, months after Europe’s top court ruled against the previous arrangements amid concerns over the surveillance activities of U.S. intelligence agencies. The European Union and the U.S. say the new Privacy Shield imposes stricter obligations on American companies, including the likes of Facebook and Apple, to safeguard the personal data of individuals, from health matters through to social media activities. Read more


UFC sold for $4 billion, White stays on to run promotion

LOS ANGELES (AP) — In less than 16 years, the UFC has grown from a money-losing company in a widely reviled sport into a global entertainment property worth $4 billion. The UFC has been sold for approximately $4 billion to a group led by Hollywood entertainment conglomerate WME-IMG, both companies confirmed Monday. Read more


Starbucks to increase base pay of workers in October

NEW YORK (AP) — Starbucks is boosting the base pay of all employees and store managers at U.S. company-run stores by 5 percent or more. In a letter sent to workers Monday, CEO Howard Schultz said that the amount of the raise – which will occur in October- will be determined by geographic and market factors. Starbucks doesn’t disclose specifics on starting salaries for employees, saying it’s determined on a market by market basis. Read more


Christmas in July? Amazon’s ‘Prime Day’ is back

SEATTLE (AP) — Amazon’s “Prime Day” has returned for a second year with the online retail giant promising twice as many deals as last year. The company launched the event last July in an effort to promote its $99 annual Prime loyalty program, which offers free two-day shipping and other perks. Consumers may be hoping for better deals than last year, when #PrimeDayFail became a trending topic. Read more


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