  |  | | NEW YORK (Reuters) - Stock index futures fell sharply on Monday, tracking a selloff in global markets as Spain appeared closer to a sovereign bailout and fears grew that Greece may be approaching an exit of the euro zone. | |  |   |  | | PARIS/TOKYO (Reuters) - PSA Peugeot Citroen announced a van production deal with Japan's Toyota , raising pressure on unions to make concessions on pay and conditions or face a second closure of a French factory. | |  | |  |  | | HONG KONG (Reuters) - China's top offshore oil producer CNOOC Ltd has agreed to buy Canada's Nexen Inc for about $15.1 billion in one of the most ambitious acquisitions by a Chinese company to date that may test Ottawa's tolerance of foreign takeovers. | |  | |  |  | | (Reuters) - McDonald's Corp reported lower-then-expected quarterly profit on Monday, hurt by a slowing global economy and the impact of a stronger dollar, and forecast growth in sales at a established restaurants would slow this month. | |  | | | (Reuters) - Halliburton Co , the world's second-largest oilfield services company, reported a better-than-expected quarterly profit on higher drilling activity in its international markets. | |  | |   |  | | TAIPEI/HONG KONG (Reuters) - Apple Inc's new iPhone will drop the wide dock connector used in the company's gadgets for the best part of a decade in favor of a smaller one, a change likely to annoy the Apple faithful but which could be a boon for accessory makers. | |  | |   |  | | (Reuters) - Investor Prem Watsa reported an almost 10 percent stake in Research in Motion Ltd as of July 4, according to a regulatory filing. | |  | | | SHANGHAI (Reuters) - China's Hunan Ava Dairy Co Ltd said on Monday it will recall baby formula sold under its Nanshan Bywise brand after a cancer-causing agent was found in test samples, the latest blow to the country's scandal-ridden milk industry struggling to restore consumer confidence. | |  |   |  | | ATHENS (Reuters) - Greece's second-largest lender EFG Eurobank said on Monday it would split from EFG Group at the request of European regulatory authorities. | |  | | LONDON (Reuters) - Seven more British banks have agreed to review past sales of interest-rate hedging products to small businesses and to compensate customers for any misselling which may have occurred, Britain's financial regulator said on Monday. | |  | |  |  |  | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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