Aaron's Daily WWW Newspaper

JPMorgan 2Q profit jumps 36 pct, topping forecasts AP – 1 min ago

CHARLOTTE, N.C. – JPMorgan Chase & Co. posted a second quarter profit of $2.72 billion, a 36 percent jump that easily surpassed expectations as strength in its core consumer and investment banking businesses offset a jump in credit losses. Full Story »

FILE - In this Aug. 14, 2007 file photo, a home is advertised for sale at a

Foreclosures rise 15 percent in first half of 2009 AP – 1 hr 27 mins ago

Video: FTC Warns Of Foreclosure Rescue Fraud CBS4 Miami

U.S. President Obama waves next to U.S. Sen. Dodd after speaking about health care reform in Washington

House Democrats set to vote on health care bill AP – 10 mins ago

Apple disables iTunes sync feature on Palm Pre
AP – 1 hr 29 mins ago

SAN FRANCISCO - Apple Inc. has shut down one of the most compelling features on Palm Inc.'s rival Pre smart phone, crippling the Pre's ability to act like an iPod. Full Story »
Video of Jackson 1984 Pepsi burn accident surfaces
AP – 1 hr 54 mins ago
AP
NEW YORK - Us Weekly magazine has obtained video it says shows never-before-seen footage of Michael Jackson's head catching on fire during filming of his 1984 Pepsi commercial. Full Story »
- Video: Jackson's Horrific Pepsi accident on tape AP
NH man charged 23 quadrillion dollars for smokes
AP – Thu Jul 16, 12:41 am ET

MANCHESTER, N.H. - A New Hampshire man says he swiped his debit card at a gas station to buy a pack of cigarettes and was charged over 23 quadrillion dollars. Full Story »
Turn back the clock: Watson leading Open with 65
AP – 8 mins ago

AP

TURNBERRY, Scotland - Last year, Greg Norman. This time, Tom Watson. Twenty-two years after his epic "Duel in the Sun" with Jack Nicklaus, Watson took advantage of pristine conditions at the British Open to shoot a stunning 5-under 65 on Thursday. Full Story »
JPMorgan profit jumps, but warns on credit cards
Reuters – 49 mins ago
Reuters
NEW YORK (Reuters) - JPMorgan Chase & Co said investment banking and trading drove a larger-than-expected 36 percent jump in quarterly profit despite a surge in credit card and loan losses that could worsen. Full Story »
- Video: Another Bank Reports Huge Profits ABC News
Talks fail to break California budget impasse
Reuters – 1 hr 19 mins ago

Jim Christie
SACRAMENTO, California (Reuters) - California Governor Arnold Schwarzenegger and lawmakers failed on Wednesday night to agree to balance the state's budget by closing a $26.3 billion deficit, but officials said talks would continue. Full Story »
Sotomayor treads careful line
Reuters – 2 hrs 33 mins ago
Reuters
WASHINGTON (Reuters) - Republican lawmakers stepped up pressure on Supreme Court nominee Sonia Sotomayor on Wednesday, hoping to paint her as judicial activist who will stamp the court with President Barack Obama's liberal agenda. Full Story »
- Slideshow: Sonia Sotomayor

Geithner sees encouraging signs, improved confidence
Reuters – 1 hr 10 mins ago

Reuters

PARIS (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Thursday there was a "very encouraging" improvement in confidence in the financial system. Full Story »
Foreclosures at record high in first half 2009 despite aid
Reuters – 7 mins ago

Reuters

NEW YORK (Reuters) - U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated. Full Story »
India, Pakistan agree dialogue the way forward
Reuters – 25 mins ago

SHARM EL-SHEIKH, Egypt (Reuters) - India and Pakistan agreed on Thursday that continuing dialogue was the only way forward for the two rival nations, the two prime ministers said in a joint statement after a meeting. Full Story »
Obama prods Congress on healthcare; Senate panel acts
Reuters – Wed Jul 15, 8:40 pm ET

Reuters

WASHINGTON (Reuters) - Saying it was "time to get this done," President Barack Obama pressed on Wednesday for swift congressional action on healthcare after a Senate panel approved a bill to overhaul the $2.5 trillion industry. Full Story »
Afghan Taliban says they are holding missing U.S. soldier
Reuters – Thu Jul 16, 4:10 am ET
AFP/US Coalition Force/Ho
KHOST, Afghanistan (Reuters) - A Taliban commander in southeastern Afghanistan said on Thursday that a missing U.S. soldier was being held unharmed by insurgents, but warned he would be killed if efforts were made to find him. Full Story »
- Video: Causalities mount in Afghanistan Reuters
India, Pakistan resolve to fight 'terror'
AFP – 16 mins ago

AFP/HO/File

SHARM EL-SHEIKH, Egypt (AFP) - Pakistan and India vowed to cooperate in the fight against terror in the wake of the devastating Mumbai attacks, leaders of the rival nations said after rare talks on Thursday. Full Story »

Sports News

Yahoo! Reuters Headlines-Sports:

Tom Watson of the US plays a shot on the fifth tee during the opening round of

AP

Turn back the clock: Watson leading Open with 65

AP – 9 mins ago

TURNBERRY, Scotland – Last year, Greg Norman. This time, Tom Watson. Twenty-two years after his epic "Duel in the Sun" with Jack Nicklaus, Watson took advantage of pristine conditions at the British Open to shoot a stunning 5-under 65 on Thursday. Full Story »

FILE - In this May 26, 2005, file photo, Jeremy Mayfield sits in the garage

NASCAR: Mayfield again tests positive for meth

AP – Thu Jul 16, 12:25 am ET

Slideshow: NASCAR Driver Jeremy Mayfield

Quarterback Brett Favre prepares to throw during a morning work out with the Oak

'Running out of time,' Favre steps up workouts

AP – Wed Jul 15, 1:48 pm ET

Pedro Martinez ready for return with Phillies AP – Thu Jul 16, 2:23 am ET
LB Suggs signs with Ravens, loses franchise tag AP – Wed Jul 15, 4:33 pm ET
NHL's Winter Classic set for Fenway Park AP – Wed Jul 15, 8:18 pm ET

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Play ball!Japanese women in their 70s reunite their old baseball team.

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Dansby to wear franchise tag second straight year
AP – Wed Jul 15, 10:57 pm ET

PHOENIX - Karlos Dansby will be the Arizona Cardinals franchise player for the second straight season. Full Story »
NBA champion Lakers pull offer to Odom - report
AFP – Wed Jul 15, 5:13 pm ET

AFP/Getty Images/File

LOS ANGELES (AFP) - The NBA champion Los Angeles Lakers have withdrawn an offer to free agent Lamar Odom after the 10th-year forward did not respond to the proposal, the Los Angeles Times reported Wednesday. Full Story »
Will surprising Mariners buy or sell at deadline?
AP – Thu Jul 16, 3:37 am ET

AP

SEATTLE - Thanks to unexpected winning, Jarrod Washburn and his Mariners have turned this season's rebuilding project into a summer game show. Full Story »
Man Utd hand Gibson contract extension
AFP – 1 hr 34 mins ago

AFP/File

KUALA LUMPUR (AFP) - Manchester United have handed promising Republic of Ireland international Darron Gibson a three-year contract extension, keeping him at the club until 2012. Full Story »
Lakers retract offer to Odom
AP – Wed Jul 15, 4:09 pm ET

LOS ANGELES - The Los Angeles Lakers have retracted an offer to Lamar Odom, saying that talks to re-sign the free agent have stalled. Full Story »
Ole Miss DE Hardy to be evaluated next week
AP – Thu Jul 16, 1:18 am ET

OXFORD, Miss. - Mississippi defensive end Greg Hardy won't have his injured right foot evaluated by a doctor until next week. Full Story »

Gasquet cleared for return despite cocaine ban
AFP – Wed Jul 15, 3:20 pm ET

AFP/File

PARIS (AFP) - France's Richard Gasquet, who tested positive for cocaine during the Miami Masters in March, was cleared to resume his career immediately on Wednesday despite being handed a two-and-a-half month ban. Full Story »
Van Sickle, Kelly geared up to play US Bank
AP – Thu Jul 16, 3:37 am ET

MILWAUKEE - Mike Van Sickle got his first chance to play a PGA tour event last week and the former Marquette standout who plans to turn pro later this year learned his first big lesson. Full Story »
Japan's Hasegawa retains WBC bantamweight title
AP – Tue Jul 14, 11:19 am ET

KOBE, Japan - WBC bantamweight champion Hozumi Hasegawa of Japan has kept his title by stopping Nestor Rocha of the United States in the first round. Full Story »
Mosley-backed Todt will run for FIA presidency
AP – 54 mins ago

AP

PARIS - Former Ferrari team principal Jean Todt will join the race to succeed Max Mosley as president of Formula One's governing body. Full Story »
Perfection a myth — in figure skating and life
AP – Tue Jul 14, 5:56 pm ET

AP

Nicole Bobek's face was splashed across newspapers and TV screens from London to Los Angeles, the figure skater's latest doings making her tabloid fodder once again. Full Story »

Business News

Yahoo! Reuters Headlines-Business:

Job seekers are seen 6th Annual Grand Slam Career Fair held at Citizens Bank

AP

Jobless claims drop but clouded by auto shutdowns

AP – 2 mins ago

WASHINGTON – The number of newly laid-off Americans signing up for unemployment benefits last week, and those using this safety net over a longer period, both plunged. But the government figures released Thursday were clouded by difficulties adjusting for temporary shutdowns at auto plants. Full Story »

Video: Obama sees jobless rate rising Reuters

JPMorgan 2Q profit jumps 36 pct, topping forecasts

AP – 1 min ago

FILE - In this April 27, 2006 file photo, Jeffrey Peek, Chairman and CEO of CIT

CIT won't get bailout, raising bankruptcy prospect

AP – 1 hr 14 mins ago

Stock futures mixed on JPMorgan earnings, CIT woes AP – 25 mins ago
Geithner sees 'durable' signs of stability AP – 20 mins ago
Intel's Earnings Contradict Expectations for PC Decline NewsFactor – Wed Jul 15, 1:42 pm ET

Play Video

Play ball!Japanese women in their 70s reunite their old baseball team.

See today's talked about videos

Struggling business lender CIT denied bailout
AFP – Thu Jul 16, 2:29 am ET

AFP/File

NEW YORK (AFP) - Bailout talks between the US Treasury and major business lender CIT Group have collapsed, potentially driving the company into bankruptcy. Full Story »
Nokia profit drops 66 percent in 2Q
AP – 15 mins ago

STOCKHOLM - The world's top cell phone maker, Nokia Corp., on Thursday said second-quarter earnings fell 66 percent as the global recession sapped demand. The company scrapped its target to gain market share this year and its stock sagged. Full Story »
Iceland's parliament to vote on joining EU
AP – 38 mins ago

REYKJAVIK, Iceland - Iceland's buccaneering Viking spirit took a battering last year when the country's banking sector and currency collapsed and the volcanic island became an early casualty of the global economic crisis. Full Story »
Foreclosures rise 15 percent in first half of 2009
AP – 1 hr 27 mins ago
AP
WASHINGTON - The number of U.S. households on the verge of losing their homes soared by nearly 15 percent in the first half of the year as more people lost their jobs and were unable to pay their monthly mortgage bills. Full Story »
- Video: FTC Warns Of Foreclosure Rescue Fraud CBS4 Miami
Wal-Mart to create eco-ratings for products
AP – Wed Jul 15, 5:16 pm ET

NEW YORK - Wal-Mart Stores Inc., the world's largest retailer, plans to demand that all its suppliers measure the environmental cost of making their products so Wal-Mart can calculate and post an eco-rating for each item. Full Story »

Foreclosures at record high in first half 2009 despite aid
Reuters – 7 mins ago

NEW YORK (Reuters) - U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated. Full Story »
Oil dips below $61, Chinese GDP growth supports
Reuters – 17 mins ago
Reuters
LONDON (Reuters) - Oil dipped below $61 a barrel on Thursday after gaining more than 3 percent in the previous session, as investors remained cautious about the pace of economic recovery despite strong growth numbers from China. Full Story »
- Slideshow: Oil Industry
AIG speeds up spinoff of life insurance unit
AP – Wed Jul 15, 6:46 pm ET

NEW YORK - American International Group Inc. is speeding up plans to spin off its American Life Insurance Co. unit as an independent public company, the company said Wednesday. Full Story »
Why Business Schools Are to Blame for the Crisis
BusinessWeek Online – 31 mins ago

Amid all the pomposity surrounding discussions of the credit crisis ("capitalism is over!", "hang anyone with a pinstriped suit!") it is easy to forget what truly triggered the malaise. Simply put: A tiny bunch of guys (some gals, too) inside a handful of financial institutions made hugely leveraged, often complex, massively sized bets on the health of the (mostly U.S.) subprime housing market. As the latter inevitably turned sour, those bets inevitably sank the punters, and as these behemoths floundered, so did the financial system and thus the economy at large. Full Story »
China's Latest Tainted Export: Toxic Drywall
BusinessWeek Online – 31 mins ago

China has been blamed for a raft of dangerous exports to the U.S. -- lead-tainted toys, melamine-spiked pet food, and contaminated blood thinners. Now one of the biggest homebuilders in the U.S. says defective drywall from China is the culprit for fumes that have damaged 400 houses in Florida. Full Story »

Miscellaneous Daily Stuff

Quotes of the Day

Selected from Michael Moncur's Collection of Quotations - July 16, 2009

Rock and roll is the hamburger that ate the world.: Peter York
All progress is based upon a universal innate desire on the part of every organism to live beyond its income.: Samuel Butler (1835 - 1902), Notebooks, 1912
- More quotations on: [Progress]
Try to learn something about everything and everything about something.: Thomas H. Huxley (1825 - 1895)
Talking with you is sort of the conversational equivalent of an out of body experience.: Bill Watterson (1958 - ), Calvin & Hobbes

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Aaron's Daily WWW Newspaper

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Quotes of the Day

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