An historic agreement in the Iran nuclear talks, more pressure on Greece to deliver austerity measures and a new No. 1 at the box office. Read about these and more of the day's top business news stories.
“Minions” Rule at the Box Office
“Minions,” the animated “Despicable Me” spinoff, took over No. 1 in its opening weekend, earning $115.2 million in North America and $280.5 million overseas. It opened at No. 1 in 54 of 56 of its international markets, the Los Angeles Times reports. “Jurassic World” ($18.1 million), “Inside Out” ($17.1 million) and “Terminator Genisys” ($13.7 million) came in at second, third, and fourth place. Another box office newcomer, “The Gallows,” hung around with $10 million to take the No. 5 slot. The 2015 box office is up 8 percent to date.
Announcement Planned Monday—A Done Deal?
After nearly a decade of talks, negotiators at the Iran nuclear talks plan to announce Monday they’ve reached an historic deal that would curb Iran’s atomic program in return for sanctions relief, the Associated Press reports. Final details of the pact, such as the timing for the lifting of economic sanctions on Iran, were still being worked out. Once a deal is complete, a formal final agreement would be open to review by Iran officials as well as leaders of the six world powers at the talks.
Greece Gets its Bailout
Marathon talks in Brussels resulted in a new $96 billion bailout for Greece. Prime Minister Alexis Tsipras said that Greece had secured debt restructuring and a "growth package" after "a tough battle." The country must now pass reforms demanded by the Eurozone by Wednesday. These include measures to raise tax revenues and streamline pensions.
New Chairman for Unilever?
Sky News is reporting that Anglo-Dutch consumer products Unilever, maker of such products as Dove soap, Lipton tea, Hellmann’s mayonnaise and Klondike ice cream, is looking for a new chairman to replace Michael Treschow. The new chairman’s name is expected to be announced by the end of this year and is likely to take over the role at next year’s annual meeting. Treschow has served as chairman since 2007.
National Gas Prices Down (Not So Fast, California)
Gas prices across the country are on a downward trend, except in California, according to industry analyst Trilby Lundberg’s bi-weekly survey. As of Friday, the highest average price of gas in the nation was $3.66 a gallon in Los Angeles, a jump of nice cents. Nationwide, the average price of gasoline dropped two cents over the past two weeks to $2.83 a gallon. The least expensive price for gas recorded in the continental United States was $2.42 a gallon in Jackson, Mississippi.
Whataburger to Gun Owners: Open Carry Out
Whataburger, an iconic Texas restaurant chain with some 780 locations in 10 states, will not allow open carrying of guns on its properties, the Associated Press reports. Industry experts said other restaurants will like take a similar stand against a new state law legalizing the practice in many public places. Whataburger president and CEO Preston Atkinson, an avid hunter with a concealed carry license, said in an open letter on the company’s website that many employees and customers are “uncomfortable being around someone with a visible firearm.”