Greeks Submit New Proposal to European Creditors, Agree to Cuts

There's hope again for a Greek deal. The Greeks have submitted a new reform proposal asking for $59 billion to help pay debts through 2018. The plan put forward by Greece includes spending cuts and tax increases worth $13-14 billion U.S. dollars. If the European credits go along with the proposal, it would be the third bailout granted to the country. Facebook (FB) is reportedly in talks to bring music videos to its newsfeed. The social networking site has held talks with major record labels about getting the licensing rights to incorporate music videos into its newsfeed, according to the New York Times. Gap Stores (GPS) says its June net sales reached were $1.54 billion, flat compared with June 2014. Gap brand sales fell but Banana Republic and Old Navy gained.