Latest financial news - CNNMoney.com

Europe hits Russia's biggest banks
Europe cranked up the pressure on Russia on Thursday by including the country's top two banks on a list of sanctions.

T-Mobile soars on French takeover rumor
Shares of T-Mobile USA soared 6% higher Thursday on buzz about a possible takeover from a French telecom company.

Women on U.S. currency? 'A pretty good idea,' says Obama
Move over, George Washington. Eleanor Roosevelt might be taking your spot on the $1 bill.

Can Whole Foods turn itself around?
Read full story for latest details.

FCC calls Verizon plan to throttle connections 'disturbing'
Verizon's biggest users may soon find that their data plans aren't so "unlimited" after all. And federal regulators aren't happy about it.

Breakingviews: Giving GE credit
Antony Currie and Reynolds Holding explain why the $2.9 billion IPO of the conglomerate's credit card unit, Synchrony Financial, may be a riskier investment than many are expecting.

From elites to music lovers, what makes Verbier Special?
High in the Swiss alps, Verbier music festival draws some of the world's most accomplished musicians. So what makes it so special? Michael Roddy takes his iPhone to find out.

House Republicans vote to sue Obama over healthcare law
The Republican-led House of Representatives votes to sue President Obama, accusing him of overstepping his executive authority in making changes to the Affordable Care Act. Mana Rabiee reports.

Argentina default clouds market horizon
Argentina's debt default raises the prospect of the Latin American economy sinking further into recession - a worry weighing on sentiment in European markets. As Joanna Partridge reports, the default - Argentina's second in 12 years - came after last minute talks with holdout creditors failed.

Wounded children evacuated to hospital after strike on U.N. school
Israeli strike hits U.N. school in Gaza, locals say, wounding Palestinian children. Rough Cut (no reporter narration).

SI.com

Uruguay eliminates Italy; Did Suarez bite again?
Uruguay is moving on. Italy is out of the World Cup after a 1-0 loss. Meanwhile, Luis Suarez apparently bit an opponent again.

Report: Heat forward LeBron James to opt out of deal, become free agent
Get ready for the Decision, Part II. LeBron James is opting out of his contract with the Heat, and will become a free agent.

NBA Mock Draft: Another change at the top
Just when you thought the NBA draft pecking order was starting to get predictable, Joel Embiid shakes it up.

Mexico beats Cameroon, advances to knockout round
After a tough 2013, Mexico completed its magical turnaround by taking down Croatia 3-1 and advancing out of Group A.

World Cup analysis: Costa Rica-England

This Day in History

Daniel Defoe Placed in a Pillory (1703)
Although Defoe achieved literary immortality with the novel Robinson Crusoe and is called the father of modern journalism, he also produced eloquent, witty, often audacious tracts on public affairs during his prolific writing career. After Defoe's publication of a pamphlet that ruthlessly satirized the High Church Tories, he was arrested and placed in a pillory. According to legend, what did Defoe's pillory audience throw at him instead of the customary harmful and noxious objects? Discuss

Jimmy Hoffa Disappears from a Detroit Parking Lot (1975)
Hoffa, president of the International Brotherhood of Teamsters, was an influential US labor leader with alleged ties to the Mafia. He led with brawn and charisma and made toughness his policy—whether dealing with management or with rival unions. In 1964, he was convicted of jury tampering and fraud and sentenced to 13 years in jail, but President Richard Nixon commuted his sentence in 1971. Hoffa's unexplained disappearance in 1975 prompted decades of speculation. What evidence surfaced in 2001?

Umberto I of Italy Assassinated (1900)
Son and successor of Victor Emmanuel II, Umberto I was king of Italy from 1878 until his death in 1900. Though known as "Umberto the Good," he became increasingly authoritarian and disregarded the recommendations of parliamentary leaders. His support of General Bava Beccaris, who ordered his troops to fire cannons at demonstrators protesting high bread prices, greatly enraged many citizens, including his assassin. How many attempts on his life did Umberto escape before he was killed?