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Drenching rains green pastures, bode well for herd expansion

Ranchers in Kansas and elsewhere in cattle country are still trying to rebuild herds that were decimated in the 2012 and 2013 droughts, when they sold off much of their livestock because of shriveled pastures and skyrocketing hay prices. But in the past month, ranchers have benefited from inches of rain: Parts of Oklahoma and Texas averaged between 400 and 500...
Source: The Associated Press | By: By ROXANA HEGEMAN, Associated Press
What will get Europe's economy rolling again?

SINTRA, Portugal- What's behind Europe's sluggish recovery and high jobless rate? The European Central Bank convened some of the world's most prominent economists Thursday through Saturday to probe those questions at the Penha Longa golf resort set amid steep, densely forested hills near the town of Sintra, Portugal, near the Atlantic Ocean.
Source: The Associated Press | By: By DAVID McHUGH, AP Business Writer
UPDATE 1-Greek PM says on final stretch towards deal with lenders

ATHENS, May 23- Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity. After four months of talks with its euro zone partners and the International Monetary Fund, Athens is...
Source: Reuters | By: George Georgiopoulos
Why many experts missed this: Cheap oil can hurt US economy

WASHINGTON- If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. At $2.74 a gallon, the average price of gas nationwide is nearly $1 lower than it was a year ago. Consider what Federal Reserve Chair Janet Yellen said in December: Lower gas prices, Yellen declared, are "certainly good for...
Source: The Associated Press | By: By CHRISTOPHER S. RUGABER, AP Economics Writer
Automakers to reveal models covered by wider air bag recall

DETROIT- Eleven automakers are expected next week to reveal which models are being added to a massive recall of air bags made by Takata Corp.. On Tuesday, the U.S. National Highway Traffic Safety Administration announced a deal with Takata to declare millions of its air bag inflators defective and expand the recall from 17 million to 33.8 million.
Source: The Associated Press | By: By TOM KRISHER, AP Auto Writer
Kudlow: Yellen's taking rates back to the 1950s

Janet Yellen is offering a back-to-the-'50s approach to interest rates, says Larry Kudlow. He thinks she's right, though for many wrong reasons.
Source: CNBC.com | By: Larry Kudlow
China-Taiwan talks seek to maintain momentum for closer ties

TAIPEI, Taiwan- Negotiators from Taiwan and China met Saturday for talks in an attempt to maintain momentum for the forging of closer ties in the face of a skeptical Taiwanese public. Topics discussed included controlling the illegal excavation of sand from the ocean floor, opening outlying Taiwanese islets to more China- based tourism and letting Chinese...
Source: The Associated Press
Sea urchin haven disturbed by Santa Barbara oil spill

LOS ANGELES, May 23- Stephanie Mutz makes a living plucking sea urchins from the Santa Barbara coast and selling the prickly treasure to upscale restaurants in Southern California. "That was one of my predominant fishing spots, so I just have to think of a Plan B," said Mutz, who supplies restaurants from Santa Barbara to Orange County, including the Michelin- starred...
Source: Reuters | By: Daina Beth Solomon
Greek PM says on final stretch towards deal with lenders

ATHENS, May 23- Greece's Prime Minister Alexis Tsipras said on Saturday his leftist-led government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity. "We are on the final stretch of a painful period shaped by the government's negotiations with...
Source: Reuters
Ukraine seeks Russian gas discount extension - RIA news agency

MOSCOW, May 23- Ukraine has asked Russia for an extension of a discount on the price of gas until the end of the year, Russia's Energy Minister Alexander Novak said on Saturday, RIA news agency reported. "They requested it long ago, they want until the end of the year," Novak was quoted as saying. In March Russia extended a discount worth $100 per thousand cubic metres...
Source: Reuters