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  • *Greece misses 1.6 billion euro IMF loan repayment. *Eurogroup head urges Greece to change stance with creditors. *Fitch ratings agency cuts Greece to CC.

  • *Greece not able to repay 1.6 bln euros owed to IMF. SINGAPORE, July 1- Oil prices fell in early trading on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund. Greece, as expected, was not able to repay 1.6 billion euros it owed to the IMF, in what was the largest missed payment in the Fund's history.

  • HONOLULU— A federal judge ruled Tuesday that a Maui County ban on the cultivation of genetically engineered crops is pre-empted by federal and state law and invalid. The county's ordinance creating the prohibition exceeded the county's authority, U.S. District Court Chief Judge Susan Oki Mollway said in her order. Monsanto Co. and Dow Chemical Co. unit...

  • LONDON- Bank of England publishes financial stability report, followed by Governor Mark Carney's news conference- 0930 GMT. FRANKFURT- European Central Bank Governing Council meeting. BERLIN- European Central Bank Governing Council member Jens Weidmann and Bundesbank Vice President Claudia Buch to participate in cabinet meeting of the federal...

  • WASHINGTON, June 30- U.S. exporters large and small scrambled on Tuesday to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. Companies affected range from giants including aircraft maker Boeing Co and General Electric Co to small exporters of...

  • The Federal Bureau of Investigation said it was investigating the incident, which appeared to be the latest in a string of fiber cable cuts in the San Francisco Bay area over the last year, according to special agent Greg Wuthrich of the Bureau's San Francisco division. The cut took place in Livermore, a city about 40 miles east of San Francisco, Wuthrich said.

  • WASHINGTON, June 30- The International Monetary Fund on Tuesday urged Ukraine and its creditors to reach an agreement over debt restructuring after meeting with both sides in Washington. Agreeing on a debt restructuring is one of the conditions Kiev must meet under the IMF's $17.5 billion bailout program. "The Fund encourages Ukraine and its creditors to...

  • Pfizer Inc, the largest U.S. drugmaker, for example reported more than $234.2 million in research payments and another $53.3 million in general payments. John Diliberti, a pediatric geneticist from Illinois, collected nearly $447,000 from Pfizer in consulting fees last year, the biggest single payment to an individual doctor by the drugmaker.

  • In a May 2014 report, Griffin cited problems at the Phoenix hospital over long patient wait times and falsification of records to cover up the delays. A doctor who first exposed serious problems at the troubled Phoenix hospital said a report by Griffin's office last August on patient deaths was a "whitewash" that minimized life-threatening conduct by senior...

  • NEW YORK— Donna Karan will step down from daily duties as chief designer at her namesake company, Donna Karan International, to devote more time to her philanthropic foundation. She'll remain a close adviser, according to a company statement released Tuesday. Reaction was swift as insiders lauded Karan as a visionary, with the Council of Fashion Designers of...

  • WASHINGTON, June 30- The Obama administration on Wednesday will announce it has reached an agreement with Cuba to reopen embassies and restore diplomatic relations severed more than five decades ago, U.S. officials said on Tuesday. President Barack Obama, in Washington, and Secretary of State John Kerry, in Vienna for Iran nuclear talks, will both address the...

  • LOS ANGELES— Environmentalists Tuesday called on California Gov. Jerry Brown to halt plans for months of hydraulic fracturing in the waters off Southern California, warning that it could lead to chemical pollution or an oil spill. State regulators this month approved nine permits for operator Thums Long Beach Co. for so-called fracking operations between...

  • NEW YORK, June 30- Puerto Rico's distressed power utility PREPA is close to a deal with its creditors to avoid a possible default on a bond payment of around $400 million due July 1, sources familiar with the talks said on Tuesday. Credit ratings agency Moody's Investors Service has said it expects the utility to default on that payment. Puerto Rico's Governor...

  • WASHINGTON, June 30- The Obama administration on Wednesday will announce it has reached an agreement with Cuba to reopen embassies and restore diplomatic relations severed more than five decades ago, a senior U.S. official said on Tuesday. The official said President Barack Obama, in Washington, and Secretary of State John Kerry, in Vienna for Iran nuclear talks,...

  • PLYMOUTH, Mass.— Firefighters say a bulldozer has been buried by an "avalanche" of sand at a Massachusetts gravel site, killing a worker. Plymouth District Attorney Timothy Cruz identifies the construction company worker killed Tuesday as 65- year-old Whitman resident Charles Pace. Plymouth fire Chief Edward Bradley says about 12 feet of sand fell on Pace and...

  • SIOUX CITY, Iowa— A former Iowa egg farm manager will avoid jail time after cooperating with investigators in a criminal prosecution stemming from a 2010 salmonella outbreak. District Judge Mark Bennett sentenced Tony Wasmund to four years of probation Tuesday after the government said he provided "substantial assistance" in the salmonella case.

  • JUNEAU, Alaska— Royal Dutch Shell has secured another federal authorization as it pursues plans to drill exploration wells in the Arctic waters off the Alaska coast. "The closer the Shell rigs encroach upon the Chukchi Sea, the further away the Obama administration retreats from its promise to leave a strong climate legacy," Friends of the Earth's Marissa Knodel...

  • NEW YORK, June 30- U.S. Mint gold coin sales reached a five-month high in June as the price of bullion fell to 11- week lows, while silver coin sales more than doubled month-over-month, the latest government data showed on Tuesday. The boost came as spot gold prices closed the month down 1.5 percent, shrugging off concerns about Greece defaulting on a repayment to the...

  • WASHINGTON— One day after President Barack Obama signed hard-fought trade legislation, his administration took issue with language meant to discourage boycotts of Israel. A bipartisan amendment— which drew comparatively little attention in Congress' long, multi-faceted trade debate— instructs U.S. negotiators to resist other countries' actions that...

  • NEW YORK— Nike Chairman Phil Knight plans to step down, and says he wants President and CEO Mark Parker to succeed him. Phil Knight co-founded Nike and has been a director of the footwear and athletic apparel and equipment maker since 1968. Parker has been Nike's president and CEO since 2006.. The directors of the company will be Knight himself, Parker, and Nike...