Aaron's Daily WWW Newspaper

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This edition was generated on Mon Jun 4 08:45:02 EDT 2012

Table of Contents

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


General News Update

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Sports News

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Business News

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  • A currency dealer works in front of a screen showing the KOSPI at a dealing room of a bank in Seoul
    Global slowdown fears hit shares and commodities Reuters - 1 hr 5 mins ago

    Asian shares tumbled on Monday, pushing the broader Tokyo market to a 28-year low, as investors extended a rout of global stocks and worried about a nightmare scenario … More »Global slowdown fears hit shares and commodities

    A currency dealer works in front of a screen showing the KOSPI at a dealing room of a bank in Seoul

    Asian shares tumbled on Monday, pushing the broader Tokyo market to a 28-year low, as investors extended a rout of global stocks and worried about a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China. Tokyo's broader Topix index lost 2.1 percent to 693.35, a level not seen since …

  • FILE - In this May 24, 2012, file photo President Barack Obama waves before speaking at TPI Composites Factory, a wind turbine blades manufacturer in Newton, Iowa. Obama argued for Congress to renew wind energy tax credits. For President Obama, losing re-election could provide a tax windfall, saving him as much as $90,000 a year if Mitt Romney’s plan were enacted rather than his own tax-the-rich vision. (AP Photo/Charlie Neibergall, File)
    Obama win could cost Romney $5M in personal taxes AP - 4 hrs ago

    To see where the presidential candidates stand on taxing the rich, just look at how they'd tax themselves. Under his own proposal, Mitt Romney would pay half what he … More »Obama win could cost Romney $5M in personal taxes

    FILE - In this May 24, 2012, file photo President Barack Obama waves before speaking at TPI Composites Factory, a wind turbine blades manufacturer in Newton, Iowa. Obama argued for Congress to renew wind energy tax credits. For President Obama, losing re-election could provide a tax windfall, saving him as much as $90,000 a year if Mitt Romney’s plan were enacted rather than his own tax-the-rich vision. (AP Photo/Charlie Neibergall, File)

    To see where the presidential candidates stand on taxing the rich, just look at how they'd tax themselves. Under his own proposal, Mitt Romney would pay half what he would under President Barack Obama's tax plan. For a man of Romney's means, that could save almost $5 million a year.

  • FILE - In this Sept. 15, 2010, file photo, combines, costing several hundred thousand dollars each, harvest a field during a corn harvesting demonstration at the Husker Harvest Days fair, in Grand Island, Neb. A program that puts billions of dollars in the pockets of farmers whether or not they plant a crop may disappear with hardly a protest from farm groups and the politicians who look out for their interests. The Senate is expected to begin debate the week of June 4, 2012, on a five-year farm and food aid bill that would save $9.3 billion by ending direct payments to farmers and replacing them with subsidized insurance programs for when the weather turns bad or prices go south. (AP Photo/Nati Harnik, File)
    New farm bill would end direct payments to farmers AP - 22 hrs ago

    A program that puts billions of dollars in the pockets of farmers whether or not they plant a crop may disappear with hardly a protest from farm groups and the politicians … More »New farm bill would end direct payments to farmers

    FILE - In this Sept. 15, 2010, file photo, combines, costing several hundred thousand dollars each, harvest a field during a corn harvesting demonstration at the Husker Harvest Days fair, in Grand Island, Neb. A program that puts billions of dollars in the pockets of farmers whether or not they plant a crop may disappear with hardly a protest from farm groups and the politicians who look out for their interests. The Senate is expected to begin debate the week of June 4, 2012, on a five-year farm and food aid bill that would save $9.3 billion by ending direct payments to farmers and replacing them with subsidized insurance programs for when the weather turns bad or prices go south. (AP Photo/Nati Harnik, File)

    A program that puts billions of dollars in the pockets of farmers whether or not they plant a crop may disappear with hardly a protest from farm groups and the politicians who look out for their interests.

  • UAE expects growth to slow to 3 percent this year AP - 1 hr 12 mins ago

    The United Arab Emirates' economy is likely to slow to about 3 percent this year amid a drop in oil prices, the Gulf federation's top economic official said Monday. More »UAE expects growth to slow to 3 percent this year

    The United Arab Emirates' economy is likely to slow to about 3 percent this year amid a drop in oil prices, the Gulf federation's top economic official said Monday.

  • This film image released by Universal Pictures shows actress Kristen Stewart in a scene from "Snow White and the Huntsman." (AP Photo/Universal Pictures)
    'Snow White' puts bite on box office with $56.3M AP - 17 hrs ago

    "Snow White & the Huntsman" turned out to be a fairer box-office beauty than Hollywood anticipated. More »'Snow White' puts bite on box office with $56.3M

    This film image released by Universal Pictures shows actress Kristen Stewart in a scene from "Snow White and the Huntsman." (AP Photo/Universal Pictures)

    "Snow White & the Huntsman" turned out to be a fairer box-office beauty than Hollywood anticipated.

  • A sign board of a BP petrol station is seen in Moscow
    Russian court to hear $13 billion lawsuit against BP Reuters - 3 hrs ago

    MOSCOW (Reuters) - A Russian court has ordered a new hearing into a $13 billion lawsuit brought against BP by minority shareholders in its Russia's venture, TNK-BP , … More »Russian court to hear $13 billion lawsuit against BP

    A sign board of a BP petrol station is seen in Moscow

    MOSCOW (Reuters) - A Russian court has ordered a new hearing into a $13 billion lawsuit brought against BP by minority shareholders in its Russia's venture, TNK-BP , over a failed deal between BP and Rosneft , a BP lawyer said on Monday. The Federal Arbitration Court in the Siberian city of Tyumen has ordered a new hearing …

  • Commuters pass by the NASDAQ Marketsite in New York
    Stock futures tread water but fear over Europe remains Reuters - 23 mins ago

    NEW YORK (Reuters) - Stock index futures were flat on Monday after a steep drop in the previous session that erased the Dow industrials' gain for the year, and analysts … More »Stock futures tread water but fear over Europe remains

    Commuters pass by the NASDAQ Marketsite in New York

    NEW YORK (Reuters) - Stock index futures were flat on Monday after a steep drop in the previous session that erased the Dow industrials' gain for the year, and analysts said there may be more declines now that indexes have fallen below key technical support levels. Signs of economic weakness around the globe and Europe's …

  • People are reflected on the electronic board of a securities firm in Tokyo, Monday, June 4, 2012. Asia stock markets took a beating Monday as signs that the U.S. economic recovery might be shifting into reverse sent investors fleeing. Japan's Nikkei 224 index dropped 2 percent to 8,269.14. (AP Photo/Koji Sasahara)
    World stocks fall on dismal US hiring report AP - 3 hrs ago

    World markets took a beating Monday as another setback for the U.S. economic recovery sent investors fleeing from stocks. More »World stocks fall on dismal US hiring report

    People are reflected on the electronic board of a securities firm in Tokyo, Monday, June 4, 2012. Asia stock markets took a beating Monday as signs that the U.S. economic recovery might be shifting into reverse sent investors fleeing. Japan's Nikkei 224 index dropped 2 percent to 8,269.14. (AP Photo/Koji Sasahara)

    World markets took a beating Monday as another setback for the U.S. economic recovery sent investors fleeing from stocks.

  • To match analysis INDIA-ECONOMY/
    Analysis: India's growth: build in an incompetence discount Reuters - 14 hrs ago

    NEW DELHI (Reuters) - It had been another brutal day for the rupee on the foreign exchanges as India's economic crisis escalated and, travelling home from a visit to … More »Analysis: India's growth: build in an incompetence discount

    To match analysis INDIA-ECONOMY/

    NEW DELHI (Reuters) - It had been another brutal day for the rupee on the foreign exchanges as India's economic crisis escalated and, travelling home from a visit to Myanmar last week, Indian Prime Minister Manmohan Singh summoned journalists on his plane for a briefing. The one statement he had prepared for the media that …

  • Former Societe Generale trader Kerviel arrives with his lawyer Koubbi for the first day of his trial to appeal his three-year jail term in Paris
    French rogue trader Kerviel launches appeal Reuters - 1 hr 12 mins ago

    PARIS (Reuters) - Ex-trader Jerome Kerviel began his appeal on Monday against a three-year prison sentence for his role in France's biggest rogue trading scandal, arguing … More »French rogue trader Kerviel launches appeal

    Former Societe Generale trader Kerviel arrives with his lawyer Koubbi for the first day of his trial to appeal his three-year jail term in Paris

    PARIS (Reuters) - Ex-trader Jerome Kerviel began his appeal on Monday against a three-year prison sentence for his role in France's biggest rogue trading scandal, arguing he was not responsible for a 4.9 billion euro ($6.1 billion) loss at banking group Societe Generale . Wearing an open-necked white shirt for his court …

  • Man cycles past a residential complex under construction, which is reflected in a puddle, in Taiyuan
    Debt, property risks curb China stimulus firepower Reuters - 3 hrs ago

    BEIJING (Reuters) - Investors counting on China to repeat its huge 2008-09 stimulus to backstop global economic growth are failing to recognize Beijing's limited scope … More »Debt, property risks curb China stimulus firepower

    Man cycles past a residential complex under construction, which is reflected in a puddle, in Taiyuan

    BEIJING (Reuters) - Investors counting on China to repeat its huge 2008-09 stimulus to backstop global economic growth are failing to recognize Beijing's limited scope to deliver another major spending surge. The 4 trillion yuan ($628 billion) stimulus package launched to counter the post-Lehman global crisis won worldwide …

  • Russian President Vladimir Putin, right, European Commission President Jose Manuel Barroso, left, and European Council President Herman Van Rompuy are seen during the Russia EU Summit outside St.Petersburg, Russia, Sunday, June 3, 2012. (AP Photo/RIA-Novosti, Alexei Nikolsky, Government Press Service)
    Putin hosts EU leaders for Russia-EU summit AP - 2 hrs 30 mins ago

    Russian President Vladimir Putin is hosting top European leaders at a summit in St. Petersburg as he faces pressure from the West over his country's stance on Syria … More »Putin hosts EU leaders for Russia-EU summit

    Russian President Vladimir Putin, right, European Commission President Jose Manuel Barroso, left, and European Council President Herman Van Rompuy are seen during the Russia EU Summit outside St.Petersburg, Russia, Sunday, June 3, 2012. (AP Photo/RIA-Novosti, Alexei Nikolsky, Government Press Service)

    Russian President Vladimir Putin is hosting top European leaders at a summit in St. Petersburg as he faces pressure from the West over his country's stance on Syria and support for democracy.

  • Euro zone factory prices cool, give ECB room for rate cut Reuters - 40 mins ago

    BRUSSELS (Reuters) - Euro zone factory prices were unexpectedly stable in April from March, marking the fourth straight month of weakening inflation pressures and offering … More »Euro zone factory prices cool, give ECB room for rate cut

    BRUSSELS (Reuters) - Euro zone factory prices were unexpectedly stable in April from March, marking the fourth straight month of weakening inflation pressures and offering the European Central Bank some space to cut interest rates as the continent's economy slumps. Prices at factory gates in the 17 countries using the euro …

  • To match FEATURE FORD-CHINA/
    Ford says studying indigenous brands for China market Reuters - 7 hrs ago

    TAIPEI (Reuters) - Ford Motor is in talks with its partners to introduce indigenous brands in China, while it focuses on building up its own brand in the world's biggest … More »Ford says studying indigenous brands for China market

    To match FEATURE FORD-CHINA/

    TAIPEI (Reuters) - Ford Motor is in talks with its partners to introduce indigenous brands in China, while it focuses on building up its own brand in the world's biggest auto market, its China chief said on Monday. Some foreign auto makers have launched so-called indigenous, or China-only, brands with their local partners, …

  • WellPoint To buy 1-800 Contacts for $900 million: WSJ Reuters - 5 hrs ago

    (Reuters) - Health insurer WellPoint Inc plans to buy contact-lens and eyewear retailer 1-800 Contacts Inc for a transaction value close to $900 million, the Wall Street … More »WellPoint To buy 1-800 Contacts for $900 million: WSJ

    (Reuters) - Health insurer WellPoint Inc plans to buy contact-lens and eyewear retailer 1-800 Contacts Inc for a transaction value close to $900 million, the Wall Street Journal reported, citing a person familiar with the matter. The deal will close in the third quarter and will start adding to the company's per-share earnings …

  • File photo of man walking past an 'Acer' office during the Mobile World Congress in Barcelona
    Acer says no plans to launch non-tablet devices on ARM Reuters - 6 hrs ago

    TAIPEI (Reuters) - Taiwan's Acer Inc said on Monday it would remain closer to U.S. chipmaker Intel, even though Microsoft also embraces rival ARM for its new Windows … More »Acer says no plans to launch non-tablet devices on ARM

    File photo of man walking past an 'Acer' office during the Mobile World Congress in Barcelona

    TAIPEI (Reuters) - Taiwan's Acer Inc said on Monday it would remain closer to U.S. chipmaker Intel, even though Microsoft also embraces rival ARM for its new Windows 8 operating system. The world's No.4 PC vendor has given an upbeat outlook for the second half after delivering a quarterly net profit that lagged market expectations …

  • Cypriot President Dimitris Christofias makes his statement to the media at the presidential palace in Nicosia, Cyprus, Friday, June 1,  2012. The president says he has tasked officials to draw up plans on how the country would deal with Greece's possible exit from the eurozone. Christofias told a news conference that conditions would be "chaotic" if debt-drowned Greece quits the euro and that the impact of such a move would be felt not only by all other countries using the currency, but all of Europe. (AP Photo/Petros Karadjias)
    Cyprus sees chances of EU bailout increasing AP - 2 hrs 14 mins ago

    Cyprus looks increasingly likely to have to ask for EU bailout money to help rescue its troubled banking sector, the island's Central Bank governor has said. More »Cyprus sees chances of EU bailout increasing

    Cypriot President Dimitris Christofias makes his statement to the media at the presidential palace in Nicosia, Cyprus, Friday, June 1,  2012. The president says he has tasked officials to draw up plans on how the country would deal with Greece's possible exit from the eurozone. Christofias told a news conference that conditions would be "chaotic" if debt-drowned Greece quits the euro and that the impact of such a move would be felt not only by all other countries using the currency, but all of Europe. (AP Photo/Petros Karadjias)

    Cyprus looks increasingly likely to have to ask for EU bailout money to help rescue its troubled banking sector, the island's Central Bank governor has said.

  • GOP plays offense in medical device tax fight AP - 5 hrs ago

    For Republicans, it's an irresistible trifecta: A bill that gives them an election-season chance to say they're fighting to protect jobs and cut taxes, even as it erodes … More »GOP plays offense in medical device tax fight

    For Republicans, it's an irresistible trifecta: A bill that gives them an election-season chance to say they're fighting to protect jobs and cut taxes, even as it erodes financing for President Barack Obama's health care overhaul they despise.

  • EU's Van Rompuy sees euro zone economic integration plan by year-end Reuters - 2 hrs 16 mins ago

    ST PETERSBURG, Russia (Reuters) - The euro zone is likely to come up with a plan for deeper economic integration by the end of the year, after agreeing on what elements … More »EU's Van Rompuy sees euro zone economic integration plan by year-end

    ST PETERSBURG, Russia (Reuters) - The euro zone is likely to come up with a plan for deeper economic integration by the end of the year, after agreeing on what elements it should include and how to achieve it in June, the chairman of European Union leaders' meetings said on Monday. Herman Van Rompuy told a news conference …

  • Shale boom, Asia demand to dominate global gas conference Reuters - 11 hrs ago

    SINGAPORE/HONG KONG (Reuters) - The impact of growing gas supplies on the global energy landscape and the prospect of deeper declines in Iranian oil exports as Western … More »Shale boom, Asia demand to dominate global gas conference

    SINGAPORE/HONG KONG (Reuters) - The impact of growing gas supplies on the global energy landscape and the prospect of deeper declines in Iranian oil exports as Western sanctions bite will dominate talks at a gas conference next week in Malaysia. The World Gas Conference in Kuala Lumpur takes place this year in the heart …

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I do not take a single newspaper, nor read one a month, and I feel myself infinitely the happier for it.
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J. R. R. Tolkien (1892 - 1973), The Fellowship of the Ring  
Experience is that marvelous thing that enables you to recognize a mistake when you make it again.
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