Aaron's Daily WWW Newspaper

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-Thanks, Aaron, proprietor of the Last Homely House

This edition was generated on Wed Jan 11 08:45:01 EST 2012

Table of Contents

General News Update
Sports News Update
Business News Update
Miscellaneous Daily Information
Boston Area Weather


General News Update

Yahoo! Reuters Headlines-General News:

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Sports News

Yahoo! Reuters Headlines-Sports:

Business News

Yahoo! Reuters Headlines-Business:

  • A Wonder Bread delivery truck trailer is seen parked outside the bakery plant in New York
    Hostess returns to bankruptcy protection over pensions Reuters - 35 mins ago

    (Reuters) - Wholesale baker Hostess Brands Inc filed for Chapter 11 bankruptcy protection in Manhattan on Wednesday, nearly three years after emerging from a similar … More »Hostess returns to bankruptcy protection over pensions

    A Wonder Bread delivery truck trailer is seen parked outside the bakery plant in New York

    (Reuters) - Wholesale baker Hostess Brands Inc filed for Chapter 11 bankruptcy protection in Manhattan on Wednesday, nearly three years after emerging from a similar process, after failing to reach an agreement with workers on pension and health benefits. Hostess was unable to reach an agreement with its unions regarding …

  • Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange
    Icahn drops $1.73 billion bid for Commercial Metals Reuters - 30 mins ago

    (Reuters) - Billionaire investor Carl Icahn on Wednesday dropped his $1.73 billion hostile bid for Commercial Metals Co and withdrew his nominations to the metals recycler's … More »Icahn drops $1.73 billion bid for Commercial Metals

    Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange

    (Reuters) - Billionaire investor Carl Icahn on Wednesday dropped his $1.73 billion hostile bid for Commercial Metals Co and withdrew his nominations to the metals recycler's board. Shares of the company fell more than 7 percent in trading before the bell. They closed at $14.76 Tuesday on the New York Stock Exchange. Icahn, …

  • German Chancellor Merkel and Italian Prime Minister Monti inspect the honour guard before talks at the Chancellery in Berlin
    Europe must recognize Italians' support for austerity: Monti Reuters - 38 mins ago

    BERLIN (Reuters) - Italian Prime Minister Mario Monti said on Wednesday that Europe must recognize the way in which the Italian public had agreed to painful austerity … More »Europe must recognize Italians' support for austerity: Monti

    German Chancellor Merkel and Italian Prime Minister Monti inspect the honour guard before talks at the Chancellery in Berlin

    BERLIN (Reuters) - Italian Prime Minister Mario Monti said on Wednesday that Europe must recognize the way in which the Italian public had agreed to painful austerity measures to cut its debt. Monti told reporters after meeting German Chancellor Angela Merkel in Berlin that Italians had broadly backed a very tough set of …

  • Nomura Securities' signboards are seen at its branch in Tokyo
    At Nomura, future direction hangs on who succeeds Reuters - 3 hrs ago

    HONG KONG/TOKYO (Reuters) - The abrupt exit of Jasjit Bhattal, the highest-ranking ex-Lehman executive at Nomura Holdings, marks a crucial juncture for Japan's top brokerage … More »At Nomura, future direction hangs on who succeeds

    Nomura Securities' signboards are seen at its branch in Tokyo

    HONG KONG/TOKYO (Reuters) - The abrupt exit of Jasjit Bhattal, the highest-ranking ex-Lehman executive at Nomura Holdings, marks a crucial juncture for Japan's top brokerage as it decides whether to replace him with an experienced global banker to foster expansion, or with an in-house local to focus on the home market. …

  • A foreclosed home is seen for sale in Santa Ana
    Mortgage applications picked up last week: MBA Reuters - 1 hr 39 mins ago

    NEW YORK (Reuters) - Applications for U.S. home mortgages rose in the first week of the year as demand for both purchases and refinancing perked up, an industry group … More »Mortgage applications picked up last week: MBA

    A foreclosed home is seen for sale in Santa Ana

    NEW YORK (Reuters) - Applications for U.S. home mortgages rose in the first week of the year as demand for both purchases and refinancing perked up, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and …

  • Watchdog checks BlackRock statement on UniCredit Reuters - 2 hrs 0 mins ago

    MILAN (Reuters) - Italian market watchdog Consob is looking into two contradictory statements made by BlackRock Inc , the world's largest asset manager, over its stake … More »Watchdog checks BlackRock statement on UniCredit

    MILAN (Reuters) - Italian market watchdog Consob is looking into two contradictory statements made by BlackRock Inc , the world's largest asset manager, over its stake in UniCredit SpA , a source close to Consob told Reuters on Wednesday. BlackRock said on Wednesday its holding in the Italian bank stood at 3.09 percent, …

  • The logo of the Bank of America is pictured atop the Bank of America building in downtown Los Angeles
    BofA and others being probed over home insurance: source Reuters - 6 hrs ago

    NEW YORK (Reuters) - The New York state's financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged … More »BofA and others being probed over home insurance: source

    The logo of the Bank of America is pictured atop the Bank of America building in downtown Los Angeles

    NEW YORK (Reuters) - The New York state's financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged customers on force-place insurance, a source familiar with the matter said. The probe centers on so-called force-place insurance -- where the loan servicer …

  • Traders work on the floor of the New York Stock Exchange
    Analysis: Nothing black or white in trendless 2012 Reuters - 6 hrs ago

    LONDON (Reuters) - If the first week in January 2012 tells us anything about the investment year ahead, it's to be skeptical about black and white thinking. For all the … More »Analysis: Nothing black or white in trendless 2012

    Traders work on the floor of the New York Stock Exchange

    LONDON (Reuters) - If the first week in January 2012 tells us anything about the investment year ahead, it's to be skeptical about black and white thinking. For all the negativity surrounding the financial system and future growth, the newsflow just won't corroborate the gloom - not entirely at least. The reality, it seems, …

  • Hostess Twinkies are shown in a studio photograph, Tuesday, Jan. 10, 2012 in New York. Twinkies maker Hostess Brands files for Ch. 11 reorganization to deal with high labor costs. (AP Photo/Mark Lennihan)
    Twinkies maker Hostess seeks bankruptcy protection AP - 5 mins ago

    Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition … More »Twinkies maker Hostess seeks bankruptcy protection

    Hostess Twinkies are shown in a studio photograph, Tuesday, Jan. 10, 2012 in New York. Twinkies maker Hostess Brands files for Ch. 11 reorganization to deal with high labor costs. (AP Photo/Mark Lennihan)

    Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions.

  • In this Jan.10, 2012 photo, trader Douglas Glander, right, works on the floor of the New York Stock Exchange .World markets mostly rose Wednesday, Jan.11, on hopes that the U.S. economic recovery will gather pace, helping corporate earnings and easing some of the stress generated by Europe's debt crisis.  (AP Photo/Richard Drew)
    Wall Street futures edge lower on euro worries AP - 28 mins ago

    U.S. stock futures are edging lower as worries about a recession in Europe are outweighing hopes that the U.S. economic recovery will gather steam and help corporate … More »Wall Street futures edge lower on euro worries

    In this Jan.10, 2012 photo, trader Douglas Glander, right, works on the floor of the New York Stock Exchange .World markets mostly rose Wednesday, Jan.11, on hopes that the U.S. economic recovery will gather pace, helping corporate earnings and easing some of the stress generated by Europe's debt crisis.  (AP Photo/Richard Drew)

    U.S. stock futures are edging lower as worries about a recession in Europe are outweighing hopes that the U.S. economic recovery will gather steam and help corporate earnings.

  • Supervalu 3rd quarter loss widens AP - 17 mins ago

    Grocery store operator Supervalu says its fiscal third quarter net loss widened due to costs related to a turnaround plan, continued high food prices and a cautious  … More »Supervalu 3rd quarter loss widens

    Grocery store operator Supervalu says its fiscal third quarter net loss widened due to costs related to a turnaround plan, continued high food prices and a cautious consumer.

  • This Jan. 6, 2012 photo, shows an availability sign for a  Lennar home in San Jose, Calif. Lennar Corp.'s fiscal fourth-quarter net income dropped 5 percent, partly on higher expenses, but revenue rose as the homebuilder delivered more homes. (AP Photo/Paul Sakuma)
    Lennar 4Q net income falls, new orders rise AP - 1 hr 50 mins ago

    Lennar Corp.'s fiscal fourth-quarter net income dropped 5 percent, partly on higher expenses, but revenue rose as the homebuilder delivered more homes. More »Lennar 4Q net income falls, new orders rise

    This Jan. 6, 2012 photo, shows an availability sign for a  Lennar home in San Jose, Calif. Lennar Corp.'s fiscal fourth-quarter net income dropped 5 percent, partly on higher expenses, but revenue rose as the homebuilder delivered more homes. (AP Photo/Paul Sakuma)

    Lennar Corp.'s fiscal fourth-quarter net income dropped 5 percent, partly on higher expenses, but revenue rose as the homebuilder delivered more homes.

  • EU threatens action over Hungary policies AP - 1 hr 18 mins ago

    The European Commission stepped up its threat of legal action against Hungary on Wednesday over new policies it says may be unlawful and warned the country is failing … More »EU threatens action over Hungary policies

    The European Commission stepped up its threat of legal action against Hungary on Wednesday over new policies it says may be unlawful and warned the country is failing to contain its budget deficit.

  • Financial crisis lays seeds of 'dystopian future' AP - 19 mins ago

    The World Economic Forum warned Wednesday that the financial crisis that has gripped the global economy for the past few years is fueling resentment that could lay the … More »Financial crisis lays seeds of 'dystopian future'

    The World Economic Forum warned Wednesday that the financial crisis that has gripped the global economy for the past few years is fueling resentment that could lay the seeds for a rising tide of protectionism, nationalism and social unrest.

  • US House leader meets with Saudi oil minister AP - 1 hr 32 mins ago

    The U.S. Congress' House majority leader has met with Saudi Arabia's oil minister, marking the latest stop by an official from a major oil importing nation to the OPEC … More »US House leader meets with Saudi oil minister

    The U.S. Congress' House majority leader has met with Saudi Arabia's oil minister, marking the latest stop by an official from a major oil importing nation to the OPEC kingpin since Iran threatened to shutter the vital Strait of Hormuz.

  • Greek Deputy Prime Minister Theodoros Pangalos speaks during a business forum in front of United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan in the Lagonissi resort south of Athens, on Wednesday, Jan.11, 2012. Debt-crippled Greece is seeking to boost investment from the United  Arab Emirates, and officials from both countries expressed interest in boosting economic ties. (AP Photo/Petros Giannakouris)
    Greek deficit to exceed target in 2011 AP - 1 hr 39 mins ago

    Debt-crippled Greece's budget deficit is expected to hit 9.6 percent of economic output in 2011, about half a percentage point above target, the development minister … More »Greek deficit to exceed target in 2011

    Greek Deputy Prime Minister Theodoros Pangalos speaks during a business forum in front of United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan in the Lagonissi resort south of Athens, on Wednesday, Jan.11, 2012. Debt-crippled Greece is seeking to boost investment from the United  Arab Emirates, and officials from both countries expressed interest in boosting economic ties. (AP Photo/Petros Giannakouris)

    Debt-crippled Greece's budget deficit is expected to hit 9.6 percent of economic output in 2011, about half a percentage point above target, the development minister admitted Wednesday.

  • World markets cautiously hopeful on US earnings AP - 2 hrs 49 mins ago

    World markets mostly rose Wednesday on hopes that the U.S. economic recovery will gather pace, helping corporate earnings and easing some of the stress generated by Europe's … More »World markets cautiously hopeful on US earnings

    World markets mostly rose Wednesday on hopes that the U.S. economic recovery will gather pace, helping corporate earnings and easing some of the stress generated by Europe's debt crisis.

  • German Chancellor Angela Merkel, right, welcomes Italian Prime Minister Mario Monti at the chancellery in Berlin, Wednesday, Jan. 11, 2012. Chancellor Angela Merkel and Prime Minister Mario Monti met to discuss the Euro crisis. (AP Photo/Markus Schreiber)
    Monti seeks more EU support ahead of Merkel talks AP - 2 hrs 6 mins ago

    Italy's Premier Mario Monti has warned that his country needs to see more concrete support from the European Union and Germany in return for the painful austerity measures … More »Monti seeks more EU support ahead of Merkel talks

    German Chancellor Angela Merkel, right, welcomes Italian Prime Minister Mario Monti at the chancellery in Berlin, Wednesday, Jan. 11, 2012. Chancellor Angela Merkel and Prime Minister Mario Monti met to discuss the Euro crisis. (AP Photo/Markus Schreiber)

    Italy's Premier Mario Monti has warned that his country needs to see more concrete support from the European Union and Germany in return for the painful austerity measures it has adopted.

  • Biden says Obama will be middle-class advocate AP - 5 mins ago

    Targeting the Republican frontrunner, Vice President Joe Biden told New Hampshire Democrats on Tuesday that President Barack Obama would be an advocate for the middle … More »Biden says Obama will be middle-class advocate

    Targeting the Republican frontrunner, Vice President Joe Biden told New Hampshire Democrats on Tuesday that President Barack Obama would be an advocate for the middle class, casting Mitt Romney as someone who would side with the wealthy.

  • Hostess Twinkies are shown in a studio photograph, Tuesday, Jan. 10, 2012 in New York. Twinkies maker Hostess Brands files for Ch. 11 reorganization to deal with high labor costs. (AP Photo/Mark Lennihan)
    Twinkies maker Hostess seeks bankruptcy protection AP - 5 mins ago

    Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition … More »Twinkies maker Hostess seeks bankruptcy protection

    Hostess Twinkies are shown in a studio photograph, Tuesday, Jan. 10, 2012 in New York. Twinkies maker Hostess Brands files for Ch. 11 reorganization to deal with high labor costs. (AP Photo/Mark Lennihan)

    Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions.

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A myth is a religion in which no one any longer believes.
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James Feibleman
The release of atomic energy has not created a new problem. It has merely made more urgent the necessity of solving an existing one.
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Albert Einstein (1879 - 1955)
I'm going to stay in show business until I'm the last one left.
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George Burns (1896 - 1996)
The only thing that sustains one through life is the consciousness of the immense inferiority of everybody else, and this is a feeling that I have always cultivated.
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Oscar Wilde (1854 - 1900), "The Remarkable Rocket"

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