Today in business: 5 things you need to know

1. THE ECONOMY ADDED 195,000 JOBS IN JUNE

The U.S. economy added 195,000 new jobs in June, beating analysts' estimates of 165,000. The leisure and hospitality industry led in job creation, adding 75,000 new jobs, while the government and manufacturing sectors lagged, losing 7,000 and 6,000 jobs, respectively. The unemployment rate remained stuck at 7.6 percent. [The New York Times]

………………………………………………………………………………

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

2. AIRLINES NOW BUNDLING ADD-ON FEES

Now that actual ticket prices only account for 70 percent of revenue at airlines, major carriers are experimenting with new ways of packaging add-on fees. American Airlines, for one, is offering a $68 package called Choice Essential that covers reservation-change fees and checked baggage fees, and provides priority boarding. Jet Blue, Delta and United are experimenting with similar strategies. [The Wall Street Journal]

………………………………………………………………………………

3. TOUR DE FRANCE LOSES BIG SPONSORS

Following a decade of high-profile doping scandals, culminating in Lance Armstrong's painful Oprah confessional in January, the Tour de France, cycling's biggest event, is now losing global sponsors. Rabobank, for example, dropped out this year, on worries about whether the sport is "clean and fair." In pro cycling last year, only seven of the top 30 sponsors were global giants that don't sell cycling products. Repucom, a sports marketing firm that released a study on the topic, said what we all already know to be true: "15 years of major doping scandals have significantly damaged the sport's image and public perception." [Bloomberg Businessweek]

………………………………………………………………………………

4. SUNTORY GOES PUBLIC FOR $4 BILLION

Tokyo's Suntory Beverage & Food, the company Bill Murray's character endorses in the film Lost in Translation, raised $4 billion in an IPO today — the second-largest global IPO of the year. Suntory distributes Pepsi and Orangina in Japan, and will likely use the new cash to fund acquisitions. [CNN]

………………………………………………………………………………

5. BEN ROETHLISBERGER TO SET NFL PAY RECORD

Ben Roethlisberger is about to become the first NFL player ever to earn at least $70 million of his $100 million contract. NFL contracts are non-guaranteed, so a team can cut a player at any point, voiding any remaining years of "promised" pay. Sixteen players, including Daunte Culpepper, Donovan McNabb, and Michael Vick, have signed $100 million contracts, but none have come close to completing them. Roethlisberger is the only player to receive even 70 percent of the nine-digit total. [Business Insider]