|Strong sales could shift Ford, GM to higher gear|
"This is going to be one of the best months ever," said David Kudla, chief investment strategist of Mainstay Capital Management in Grand Blanc, Michigan. Weak auto results contributed to flat overall retail sales in April, but May is expected to represent a rebound. The timing of the Memorial Day holiday also helped May sales, according to Jessica Caldwell, senior analyst at Edmunds.com in Santa Monica, California.
|Greece open to compromise to seal deal this week: interior minister|
Greece's government is confident of reaching a deal with its creditors this week and is open to pushing back parts of its anti-austerity program to make that happen, the country's interior minister said Saturday. Greece and its EU/IMF creditors have been locked in talks for months on a cash-for-reforms deal and pressure is growing for a deal, since Athens risks default without aid from a bailout program that expires on June 30. "We believe that we can and we must have a solution and a deal within the week," Interior Minister Nikos Voutsis, who is not involved in Greece's talks with the lenders, told Skai television.
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