Clinton says Puerto Rico should have access to U.S. bankruptcy laws Puerto Rico's non-voting delegate in the U.S. Congress has called for legislation that would allow Puerto Rico to access the same bankruptcy laws available to other municipalities, as has Puerto Rico's Governor Alejandro Garcia Padilla. "Congress and the Obama administration need to partner with Puerto Rico by providing real support and tools so that...
| By: Amanda Becker
Unyielding euro zone gives Athens last chance Athens will be given a final chance to present a new reform plan to eurozone leaders on Tuesday night despite a hardening attitude to Greece in many capitals after the emphatic rejection of previous bailout terms in Sunday's referendum, the Financial Times reports.
Source: Financial Times
| By: Peter Spiegel, Claire Jones and Kerin Hope
UPDATE 2-Samsung Electronics profit guidance suggests costly S6 miss SEOUL, July 7- South Korean tech giant Samsung Electronics Co Ltd on Tuesday guided for weaker-than-expected second-quarter earnings, as a supply shortage plagued its latest smartphone launch and tepid demand from key markets likely undercut sales. The guidance suggests that Samsung, while on a gradual recovery path, will struggle to replicate the...
| By: Se Young Lee
Greece employees say 'don't pay us' CNBC's Michelle Caruso-Cabrera joins Anastasios Economou, CNBC-YPO chief executive network member, for an exclusive interview on the currency dilemma people are facing in Greece.
Q&A: As Obama health law survives, GOP split over next move WASHINGTON- Having lost their latest war against President Barack Obama's health care overhaul, Republicans must decide how to wage battles that could fan the issue for the 2016 elections. Last month's Supreme Court decision upholding the statute's federal subsidies, which help millions of Americans afford health care, shattered the GOP's best chance of...
Source: The Associated Press
| By: By ALAN FRAM, Associated Press
Banks hike odds on 'Grexit' - now seen more likely than not Following Greece's resounding "no" vote in Sunday's referendum, global banks have upped their stakes on the debt-mired nation quitting the euro zone, with a "Grexit" now viewed by many as more likely than not.
| By: Jenny Cosgrave
Greek banks to remain closed for days: Report Reuters is reporting Greece plans to keep banks closed beyond Monday by at least a few more days, according to 4 banking sources. CNBC's Michelle Caruso-Cabrera provides insight to the updates from Athens.