There will be no more emergency lending to Greek banks if the country’s government fails to secure a bailout deal with lenders, European Central Bank Governing Council member Christian Noyer said on Wednesday. Speaking on French radio station Europe 1, Noyer warned that there must be an agreement by Sunday July 12 otherwise it “will be too late and the consequences will be grave”, media reports said. When asked when the ECB will be forced to pull the plug on the emergency lending assistance, or ELA, to Greek banks, Noyer replied: “From the moment there is no longer the prospect of a political deal on a program … or from the moment when the Greek banking system collapses, which will come if Greece goes into general default on all its debts.” After a summit of eurozone leaders late Tuesday, president of the European Council Donald Tusk said Greece now has until Sunday to secure a bailout deal to stay in the eurozone.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

See how DIY pulls turned a Craigslist find into a stylish piece …read more

From:: DIY this old house

Recapture your childhood memories of summer with these decor touches …read more

From:: DIY this old house

A circa-1901 house rises from the proverbial ashes with its original spirit intact—and more period charm than ever …read more

From:: DIY this old house

HONG KONG (MarketWatch) — Chinese stocks plunged rapidly out of the Wednesday open, with the Shanghai Composite Index starting down 7% and extending the loss to 8.2%, before recovering slightly to 4.8%. The selloff came despite a rare pledge by the People’s Bank of China as the markets opened that it would closely watch stock movements and continue to use multiple ways to support the state-backed margin-finance entity — China Securities Finance Corp. (CSF) — in order to safeguard the stability of the markets and “hold the line against systemic and regional financial risks.” The central bank’s statement came on the heels of a new slate of measures Wednesday by China’s central government to stem recent panic selling, with the CSF vowing to step up efforts buy small- and mid-cap stocks and provide “ample liquidity” to China’s brokerage firms, among other moves. Hong Kong stocks were also dragged sharply lower by the sharp fall on the mainland, as the benchmark Hang Seng Index fell 3.3%, and the Hang Seng China Enterprises Index dropped 4.2%. Major mainland banks suffered especially heavy losses, with China Minsheng Banking Corp. sinking 7.2%, Industrial & Commercial Bank of China Ltd. slumping 6.1%, and Bank of Communications Co. sliding 5.6%. Likewise, securities firms continued their recent dive, as Southwest Securities International Ltd. crashed almost 22%, Shenwan Hongyuan H.K. Ltd. skidded more than 13%, China Everbright Ltd. tumbled 12%, and Citic Securities Co. dropped more than 10%. Haitong Securities Co. was suspended from trading, not citing specific reasons. Various reports said state-owned investment fund Haixia Capital Management had sold its entire stake in Haitong Securities after Tuesday’s close at a deep discount, booking a $330 million loss, in a suspected move to raise cash to help save the mainland Chinese markets.

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From:: Stock Market News

Here are the latest trading levels for Asia’s major stock markets:

Tokyo (Nikkei Average ) down 1.6%
; Hong Kong (Hang Seng Index ) down 3.6%
; Shanghai (Shanghai Composite Index ) down 4.1%
; Sydney (S&P/ASX 200 ) down 1.2%
; Seoul (Kospi ) down 1%
; Taipei (Taiex ) down 1.7%

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From:: Stock Market News

Australia stocks moved lower in early Wednesday trading, with the S&P/ASX 200 down 0.7%, returning some of its 1.9% advance in the previous session. Resource shares helped lead the retreat, with BHP Billiton Ltd. down 1.5%, Fortescue Metals Group Ltd. down 2.8%, and Karoon Gas Australia Ltd. dropping 3.5% after a 1.5% pullback for Nymex natural-gas futures overnight. Likewise, a sharp drop for Comex gold prices consigned Evolution Mining Ltd. to a 4.1% loss, while Newcrest Mining Ltd. fell 3%, and Perseus Mining Ltd. shed 3.6%. Stock in explosives-and-fertilizer maker Incitec Pivot Ltd. weakened by 2.6% after it said its Moranbah ammonium-nitrate plant had suffered a drop in its gas supply. Health insurer NIB Holdings Ltd. was down 1.7% after news it was buying travel-insurance company World Nomads Group Ltd. for just over $70 million.

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From:: Stock Market News

Japanese stocks rolled back downhill in early Wednesday trading, with the Nikkei Average weaker by 1% after a 1.3% climb the previous day, while the Topix also shed 1%. Forex seemed not much of factor, as the dollar was trading at ¥122.45, little changed from the day before. Reasonably strong quarterly earnings from a trio of convenience-store operators failed to stop investors from take some money out of their stocks: Shares of 7-Eleven owner Seven & I Holdings Co. lost 1% despite a 7% gain for March-May net profit, while rival Lawson Inc. lost 1.6% despite a 16% rise in its pretax profit. Similarly, FamilyMart Co. dropped 2.2% after reporting a 20% gain in quarterly pretax profit. In the broader retail space, J. Front Retailing Co. lost 1.3%, Isetan Mitsukoshi gave up 2%, and Aeon Co. retreated by 1.1% as Reuters reported it was interested in buying the Malaysian unit of the U.K.’s Tesco PLC for about $1.4 billion. But larger peer Fast Retailing Co. managed to gain 0.4%. Sony Corp. and Yahoo Japan Corp. were also among the advancers, though just barely, with Sony up 0.3% and Yahoo up fractionally. On Tuesday, Sony shares had risen and Yahoo shares had fallen after news the latter was investing close to $15 million in Sony’s real-estate arm. Shippers and airlines were also mostly higher after Monday’s plunge for crude-oil futures gave way to a mixed session overnight. Stock in Japan Airlines Co. and ANA Holdings Inc. rose 0.5% and 0.6%, respectively, while Mitsui O.S.K. Lines Ltd. rose 1%, and Nippon Yusen K.K. rallied 1.7%. Back in the negative column, concerns about China’s economy amid the recent stock-market retreat there likely helped push Komatsu Ltd. down 2.7%, though heavily China-exposed robot maker Fanuc Corp. held losses to 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

By Felicia Feaster

Destination wedding planning? I spent four days soaking in all things matrimonial at the 102-acre Terranea Resort, watching processions of magazine-ready brides and bridesmaids in the most exquisite landscape imaginable, surrounded by water as far as the eye can see. It would be hard to do better than the sun-kissed California resort on the Palo Verdes Peninsula: An easy 40 minute drive from LAX, Terranea offers an appealing blend of luxury and natural beauty, plus countless ways for guests to engage with its unique location hugging a Pacific hillside where whales, dolphins and sea lions are your neighbors.

The resort is a celebrity hub, featuring a number of discrete bungalows, casitas and villas for maximum privacy. Mariah Carey once holed up here for months on a babymoon getaway, and stars like ER‘s Goran Visnjic dined at resort hot spot Catalina Kitchen during my visit. Movies from Pirates of the Caribbean to This Is 40 have used Terranea as a stand-in for paradise. Terranea stages more than 100 weddings a year, from intimate sunset affairs to 600+ blowouts coming in at a million dollars (or more!). The superhumanly-flexible staff know how to go with the flow and acknowledge few arrangements are beyond their abilities, including accommodating an elephant (one way Indian grooms choose to make an entrance at traditional weddings) — a virtual requirement at high-end L.A. wedding destinations. While at Terranea I picked up a host of great tips for outdoor and destination weddings from the resort’s wedding experts, as well as the lovely wedding journalists at The Honeymoonist, 100 Layer Cake and Mooshinindy.

The Honeymoon Locale Has Become the Wedding

The beauty of a destination wedding is, of course, a gorgeous location. But it’s also a great way to entice guests to fly in for a mini vacation and allows for plenty of magical bonding opportunities with your guests and a way to extend your special day into a weekend or more. L.A. is an easy-to-reach destination, but more exotic destinations are also on the rise, say the wedding insiders I spoke with, including Bora Bora, Croatia and Vietnam. These spots are moving beyond honeymoon to destination wedding locales.

Be the Hostess With the Mostest

If you’ve planned a destination wedding, you’re the travel agent who’s going to ensure your guests have a good time. Sure, your wedding will be the high point, but think about the comfort and entertainment factor beyond your big day. How will they stay busy? What will they eat? You can have a variety of activity options lined up to keep adventurous guests busy, but also factor in plenty of down time if friends and family want to just enjoy the resort or catch up on work. Also, think about how your guests will get to the resort; consider a destination that’s relatively close to a major airport and won’t require …read more

From:: HGTV

Fast-food chain Subway is suspending its relationship with Jared Fogle, the Indiana man known for his significant weight loss after restricting his diet to the chain’s sandwiches years ago, according to media reports Tuesday. Law-enforcement officials raided Fogle’s home near Indianapolis earlier Tuesday without saying why, and local TV news footage showed them carrying computers and other items out of the home. Officials at Doctor’s Associates Inc., Subway’s owner, could not be immediately reached for comment. An attorney for Fogle has said the pitchman has been cooperating with the investigation.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News