White House directs GMO regulators to update, improve oversight July 2- The White House on Thursday directed the three U.S. agencies that oversee biotech crop products to improve and modernize their regulatory "framework" to boost public confidence in a system that critics call a failure. The U.S. Department of Agriculture's Animal and Plant Health Inspection Service proposed a rule in 2008 after being cited in a government...
| By: Carey Gillam
How aging really feels, in a suit Jennifer Rosenbaum at Genworth Financial have come with a creative way to bring people face to face with retierment and aging. CNBC's Kelly Evans tries on an "aging" suit.
Four allies quit Tsipras' coalition over bailout referendum ATHENS, July 2- A referendum on bailout terms that has morphed into a plebiscite on Greece's future in Europe has created the first real splits in Prime Minister Alexis Tsipras' ruling coalition. His party colleague Dimitris Kammenos said Greece's role in Europe was "non-negotiable". And Tsipras and Panos Kammenos- who is also defence minister- made a show of unity...
| By: Lefteris Papadimas and Renee Maltezou
Regulatory rebuffs could force GE to seek other deals, more buybacks GE met with European regulators on Thursday to allay worries its 12.4 billion euro acquisition of Alstom's power equipment business would leave Europe with two gas turbine players. "Alstom is in that core of what they're trying to become," said Peter Jankovskis, co-chief investment officer at Oakbrook Investments, which owns 1.7 million GE shares.
| By: Lewis Krauskopf
WRAPUP 2-IMF warns of huge financial hole as Greek vote looms *Warning that vote will decide Greece's future in Europe. ATHENS/ WASHINGTON, July 2- The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future in Europe. Days after Greece defaulted on part of its IMF debt, the Fund,...
| By: Renee Maltezou and David Chance
Futures Now, July 2, 2015 Is crude set to crater? Did the jobs report push back the rate hike? And riding the S&P see-saw. With Deutsche Bank's Joe LaVorgna, CNBC's Jackie DeAngelis and the Futures Now Traders.
50 years of the Grateful Dead CNBC's Steve Liesman gets an exclusive interview with the man behind the Grateful Dead's final encore, Peter Shapiro, Fare Thee Well promoter.
$18.7B deal clears path for BP to close books on Gulf spill NEW ORLEANS- BP and five Gulf states announced a record $18.7 billion settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy giant's oil spill in 2010.. When the Deepwater Horizon oil rig exploded in April 2010, it killed 11 people and spread miles of black oil across the Gulf Coast before the...
Source: The Associated Press
| By: By KEVIN McGILL, Associated Press