UPDATE 1-Greece does not have the money to make June IMF repayment - interior minister ATHENS/ LONDON, May 24- Greece cannot make debt repayments to the International Monetary Fund next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail. Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been...
| By: George Georgiopoulos and Kylie MacLellan
Fiat Chrysler CEO approached GM about a merger, was rebuffed -NYT May 23- As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday. During his presentation on April 29, Marchionne said that if traditional...
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
No Cuba deal, talks continue U.S. and Cuba failed to reach a deal on re-establishing diplomatic relations and re-opening embassies in each country. CNBC's Michelle Caruso-Cabrera reports and Peter Quinter, attorney at Gray Robinson, offers his perspective.
California drought dilemmas... California is stepping up mandatory water restrictions for farmers across the state. CNBC's Jane Wells reports the latest.
Colorado coal mine getting court-ordered environmental study DENVER- Federal regulators are re-doing an environmental review for a Colorado coal mine after a judge threatened to shut it down unless they took a closer look at its indirect environmental impacts, including its contribution to climate change. The Office of Surface Mining, Reclamation and Enforcement, part of the Interior Department, posted a notice of the...
Source: The Associated Press
| By: By COLLEEN SLEVIN, Associated Press
UPDATE 1-Clinton attacks Republicans over Ex-Im Bank in New Hampshire HAMPTON, N.H./ WASHINGTON, May 22- Hillary Clinton on Friday voiced strong support for keeping the U.S. Export-Import Bank open and accused Republican opponents who want to close the export-promoting lender of putting American jobs at risk. Some of the bank's biggest beneficiaries, including General Electric Co and Boeing Co, say closing Ex-Im will lead to the...
| By: Jonathan Allen and David Lawder
UPDATE 1-MasterCard, Target data breach settlement falls apart May 22- A proposed $19 million settlement between MasterCard Inc and Target Corp over the retailer's 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The lead lawyers for the banks had argued that the settlement with MasterCard, which was not a party to the lawsuit, was an attempt to undercut their...
| By: Joseph Ax