UPDATE 2-U.S. housing recovery intact despite drop in new home sales
WASHINGTON, May 23 New U.S. single-family home sales tumbled from near a 9-1/2-year high in April, but the housing recovery likely remains intact amid a tightening labor market.
ATHENS, March 1 Greece's power utility Public Power Corp. secured initial approval for a 200 million euro ($210.5 million) bank loan by the country's main lenders, it said on Wednesday.
The banks are expected to notify PPC on the final terms for the new syndicated loan before it is signed, PPC said in a bourse filing.
The utility has a 200 million euro bond due at the end of April. It also has several coupon payments totalling 340 million euros falling due by the end of the year. ($1 = 0.9500 euros) (Reporting by Angeliki Koutantou)
* There will be caps on short term and long term performance awards for executives