Aaron's Daily WWW Newspaper

This newspaper is generated daily by my (un)intelligent agent. For more information on the newspaper's generation or if you have questions/comments, please consult the Newspaper Frequently Asked Questions list.
-Thanks, Aaron, proprietor of the Last Homely House

This edition was generated on Thu Jun 7 08:45:01 EDT 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:

  • Manchester United's Ferdinand reacts after a missed opportunity during their English Premier League soccer match against Everton in Manchester
    Ferdinand omission was not football decision: Blanc Reuters - 1 hr 54 mins ago

    DONETSK (Reuters) - France coach Laurent Blanc believes Rio Ferdinand was left out of the England Euro 2012 squad for reasons other than soccer, he said on Thursday. England boss Roy Hodgson omitted the … More »Ferdinand omission was not football decision: Blanc

    Manchester United's Ferdinand reacts after a missed opportunity during their English Premier League soccer match against Everton in Manchester

    DONETSK (Reuters) - France coach Laurent Blanc believes Rio Ferdinand was left out of the England Euro 2012 squad for reasons other than soccer, he said on Thursday. England boss Roy Hodgson omitted the experienced central defender from his original 23 citing a "footballing decision" and again snubbed him when Gary Cahill …

  • FILE - The aerial view made from a hot air balloon shows the new National Stadium,  ready  for the Euro 2012 football games,  in  Warsaw, Poland on Friday, May 18, 2012.  The stadium is located in one of Warsaw's most popular neighborhoods: Saska Kepa, an enclave of towering trees and homes built in the modernist style of the 1920s and 1930s. The Euro 2012 soccer championship kicks off Friday, June 8, 2012.(AP Photo/Czarek Sokolowski)
    Warsaw stadium adds new threat to historic area AP - 2 hrs 12 mins ago

    The National Stadium in Poland, built for the 2012 European Championship, rises in the shape of a wicker basket over one of Warsaw's most popular neighborhoods: Saska Kepa, an enclave of towering trees … More »Warsaw stadium adds new threat to historic area

    FILE - The aerial view made from a hot air balloon shows the new National Stadium,  ready  for the Euro 2012 football games,  in  Warsaw, Poland on Friday, May 18, 2012.  The stadium is located in one of Warsaw's most popular neighborhoods: Saska Kepa, an enclave of towering trees and homes built in the modernist style of the 1920s and 1930s. The Euro 2012 soccer championship kicks off Friday, June 8, 2012.(AP Photo/Czarek Sokolowski)

    The National Stadium in Poland, built for the 2012 European Championship, rises in the shape of a wicker basket over one of Warsaw's most popular neighborhoods: Saska Kepa, an enclave of towering trees and architectural gems dating back to the 1920s.

  • Dogs trained to bite you directly in the testicles will patrol Euro2012
    Testicle-biting dogs 'to face England hooligans' AFP - 2 hrs 23 mins ago

    From testicle-biting police dogs to sonic cannons capable of inducing involuntary urination, Polish anti-hooligan squads have an array of weapons ready to deal with any troublesome England fans at Euro … More »Testicle-biting dogs 'to face England hooligans'

    Dogs trained to bite you directly in the testicles will patrol Euro2012

    From testicle-biting police dogs to sonic cannons capable of inducing involuntary urination, Polish anti-hooligan squads have an array of weapons ready to deal with any troublesome England fans at Euro 2012.

  • Former Penn State assistant football coach Jerry Sandusky, left, leaves with attorney Joe Amendola after jury selection was completed for Sandusky's trial on child sexual abuse charges, at the Centre County Courthouse in Bellefonte, Pa., Wednesday, June 6, 2012. (AP Photo/Gene J. Puskar)
    4 days to opening statements in Sandusky trial AP - 2 hrs 27 mins ago

    The attorneys arguing the child sexual abuse trial of former Penn State assistant coach Jerry Sandusky have four days to figure out how to sway a jury heavy with connections to the school. More »4 days to opening statements in Sandusky trial

    Former Penn State assistant football coach Jerry Sandusky, left, leaves with attorney Joe Amendola after jury selection was completed for Sandusky's trial on child sexual abuse charges, at the Centre County Courthouse in Bellefonte, Pa., Wednesday, June 6, 2012. (AP Photo/Gene J. Puskar)

    The attorneys arguing the child sexual abuse trial of former Penn State assistant coach Jerry Sandusky have four days to figure out how to sway a jury heavy with connections to the school.

  • England's Defoe controls the ball next to Belgium's Vertonghen during their international friendly soccer match in London
    Defoe returns to England after death of father Reuters - 2 hrs 49 mins ago

    KRAKOW, Poland (Reuters) - England striker Jermain Defoe has returned home from Euro 2012 after the death of his father overnight, the Football Association said in a statement on Thursday. "Jermain will … More »Defoe returns to England after death of father

    England's Defoe controls the ball next to Belgium's Vertonghen during their international friendly soccer match in London

    KRAKOW, Poland (Reuters) - England striker Jermain Defoe has returned home from Euro 2012 after the death of his father overnight, the Football Association said in a statement on Thursday. "Jermain will re-join the England Euro squad in due course. There will be no replacement player called in," it added. "We would ask …

  • The Shanghai Sharks, which is partly owned by Yao Ming, were scheduled to play two games in Manila this month
    Chinese team calls off Philippine 'friendly' games AFP - 3 hrs ago

    A Chinese basketball team has called off friendly games in the Philippines amid a tense territorial dispute between the two countries, a sports official organising the events said Thursday. More »Chinese team calls off Philippine 'friendly' games

    The Shanghai Sharks, which is partly owned by Yao Ming, were scheduled to play two games in Manila this month

    A Chinese basketball team has called off friendly games in the Philippines amid a tense territorial dispute between the two countries, a sports official organising the events said Thursday.

  • England's Joe Marler releases the ball during a training session at Twickenham stadium in London
    Marler, Johnson to make England debuts against Springboks Reuters - 3 hrs ago

    DURBAN (Reuters) - Fowards Joe Marler and Tom Johnson will make their England debuts in the first of three tests against South Africa this weekend after head coach Stuart Lancaster announced his side to … More »Marler, Johnson to make England debuts against Springboks

    England's Joe Marler releases the ball during a training session at Twickenham stadium in London

    DURBAN (Reuters) - Fowards Joe Marler and Tom Johnson will make their England debuts in the first of three tests against South Africa this weekend after head coach Stuart Lancaster announced his side to face the Springboks on Thursday. The 21-year-old loosehead prop Marler and the 29-year-old flanker Johnson will take to …

  • Oklahoma City Thunder point guard Russell Westbrook reacts after dunking the ball against the San Antonio Spurs during the first half of Game 6 in the NBA basketball Western Conference finals, Wednesday, June 6, 2012, in Oklahoma City. (AP Photo/Sue Ogrocki)
    Durant takes charge, pushes Thunder to NBA finals AP - 3 hrs ago

    For all the points, rebounds and assists that filled Kevin Durant's impressive stat line, it was a defensive play he made that fired up his coach and teammates. More »Durant takes charge, pushes Thunder to NBA finals

    Oklahoma City Thunder point guard Russell Westbrook reacts after dunking the ball against the San Antonio Spurs during the first half of Game 6 in the NBA basketball Western Conference finals, Wednesday, June 6, 2012, in Oklahoma City. (AP Photo/Sue Ogrocki)

    For all the points, rebounds and assists that filled Kevin Durant's impressive stat line, it was a defensive play he made that fired up his coach and teammates.

  • Dogs trained to bite you directly in the testicles will patrol Euro2012
    Testicle-biting dogs 'to face Euro2012 hooligans' AFP - 4 hrs ago

    From testicle-biting police dogs to sonic cannons capable of inducing involuntary urination, Polish anti-hooligan squads have an array of weapons ready for potential trouble-makers at Euro 2012. More »Testicle-biting dogs 'to face Euro2012 hooligans'

    Dogs trained to bite you directly in the testicles will patrol Euro2012

    From testicle-biting police dogs to sonic cannons capable of inducing involuntary urination, Polish anti-hooligan squads have an array of weapons ready for potential trouble-makers at Euro 2012.

  • Vuna of Australia's Rebels fails to prevent Piutau of New Zealand's Highlanders from scoring during their Super 15 rugby union match in Melbourne
    Vuna replaces injured winger Tomane in Wallabies lineup Reuters - 4 hrs ago

    (Reuters) - Winger Cooper Vuna will make his test debut for Australia against Wales in Brisbane on Saturday after being called in as a late replacement for Joe Tomane, who suffered an ankle injury in training. … More »Vuna replaces injured winger Tomane in Wallabies lineup

    Vuna of Australia's Rebels fails to prevent Piutau of New Zealand's Highlanders from scoring during their Super 15 rugby union match in Melbourne

    (Reuters) - Winger Cooper Vuna will make his test debut for Australia against Wales in Brisbane on Saturday after being called in as a late replacement for Joe Tomane, who suffered an ankle injury in training. Tomane was expected to be sidelined for six weeks with the left ankle problem, the Wallabies said in a statement …

  • Paul Reddam, front, owner of I'll Have Another, and trainer Doug O'Neill visit Barn 2 at Belmont Park, Wednesday, June 6, 2012 in Elmont, N.Y. I'll Have Another won the Kentucky Derby and Preakness, and will attempt to win the Belmont Stakes and Triple Crown on Saturday. (AP Photo/Mark Lennihan)
    Reddam puts study of knowledge to work in racing AP - 4 hrs ago

    As a philosophy professor at California State University in Los Angeles, J. Paul Reddam dabbled in logic and epistemology, the study of knowledge. More »Reddam puts study of knowledge to work in racing

    Paul Reddam, front, owner of I'll Have Another, and trainer Doug O'Neill visit Barn 2 at Belmont Park, Wednesday, June 6, 2012 in Elmont, N.Y. I'll Have Another won the Kentucky Derby and Preakness, and will attempt to win the Belmont Stakes and Triple Crown on Saturday. (AP Photo/Mark Lennihan)

    As a philosophy professor at California State University in Los Angeles, J. Paul Reddam dabbled in logic and epistemology, the study of knowledge.

  • To go with Reuters Life! POLAND-BLACK/
    Bigots, hooligans to test Polish image at Euro 2012 Reuters - 4 hrs ago

    WARSAW (Reuters) - When John Godson first arrived in Poland from Nigeria 20 years ago, he was spat on in the street and, like many African immigrants at the time, beaten up simply for being black. Now … More »Bigots, hooligans to test Polish image at Euro 2012

    To go with Reuters Life! POLAND-BLACK/

    WARSAW (Reuters) - When John Godson first arrived in Poland from Nigeria 20 years ago, he was spat on in the street and, like many African immigrants at the time, beaten up simply for being black. Now a member of parliament, Godson says his fellow Poles have changed for the better and complains some media reports in the …

  • Jurors have been selected for the trial of former Penn State University assistant football coach Jerry Sandusky
    Jury chosen for US coach accused of pedophilia AFP - 4 hrs ago

    Jurors have been selected for the trial of former Penn State University assistant football coach Jerry Sandusky, accused of molesting 10 boys over a 15-year period. More »Jury chosen for US coach accused of pedophilia

    Jurors have been selected for the trial of former Penn State University assistant football coach Jerry Sandusky

    Jurors have been selected for the trial of former Penn State University assistant football coach Jerry Sandusky, accused of molesting 10 boys over a 15-year period.

  • England's Ashton runs to score a try against Barbarians during their rugby union match in London
    England prepared for aerial assault Reuters - 4 hrs ago

    DURBAN (Reuters) - England are prepared to deal with an expected kicking game from South Africa in the first test in Durban on Saturday, according to England wing Chris Ashton. South Africa will be playing … More »England prepared for aerial assault

    England's Ashton runs to score a try against Barbarians during their rugby union match in London

    DURBAN (Reuters) - England are prepared to deal with an expected kicking game from South Africa in the first test in Durban on Saturday, according to England wing Chris Ashton. South Africa will be playing their first test under new coach Heyneke Meyer and all indications are that the Springboks will persist with the kick-and-chase …

  • Cardiff City FC, known as the Bluebirds, will switch to red shirts, the club have announced
    Bluebirds Cardiff turn red after all AFP - 5 hrs ago

    Cardiff City FC, known as the Bluebirds, will switch to red shirts after all, the club have announced, weeks after their Malaysian owners assured upset fans they were abandoning plans to change. More »Bluebirds Cardiff turn red after all

    Cardiff City FC, known as the Bluebirds, will switch to red shirts, the club have announced

    Cardiff City FC, known as the Bluebirds, will switch to red shirts after all, the club have announced, weeks after their Malaysian owners assured upset fans they were abandoning plans to change.

  • Kevin Durant finished with 34 points and 14 rebounds for Oklahoma City Thunder
    Thunder roll over Spurs to reach NBA final AFP - 5 hrs ago

    The Oklahoma City Thunder won their fourth straight game over a seven-day stretch Wednesday to reach the NBA finals with a come-from-behind 107-99 victory over the San Antonio Spurs. More »Thunder roll over Spurs to reach NBA final

    Kevin Durant finished with 34 points and 14 rebounds for Oklahoma City Thunder

    The Oklahoma City Thunder won their fourth straight game over a seven-day stretch Wednesday to reach the NBA finals with a come-from-behind 107-99 victory over the San Antonio Spurs.

  • New Jersey Devils' Adam Henrique (14) reacts after scoring the game-winning goal in the third period during Game 4 of the NHL hockey Stanley Cup finals against the Los Angeles Kings, Wednesday, June 6, 2012, in Los Angeles.  (AP Photo/Jae C. Hong)
    Devils avoid elimination, beat Kings on late goals AP - 5 hrs ago

    The Los Angeles Kings only needed one last win to scratch a 45-year-old itch. More »Devils avoid elimination, beat Kings on late goals

    New Jersey Devils' Adam Henrique (14) reacts after scoring the game-winning goal in the third period during Game 4 of the NHL hockey Stanley Cup finals against the Los Angeles Kings, Wednesday, June 6, 2012, in Los Angeles.  (AP Photo/Jae C. Hong)

    The Los Angeles Kings only needed one last win to scratch a 45-year-old itch.

  • Kohei Uchimura has won an unprecedented three consecutive world all-around titles since the Beijing Olympics
    Team gold comes first for Japan's Uchimura AFP - 5 hrs ago

    World all-around gymnastics champion Kohei Uchimura will put thoughts of personal glory aside at the London Olympics to help Japan win the men's team gold medal back from arch-rivals China. More »Team gold comes first for Japan's Uchimura

    Kohei Uchimura has won an unprecedented three consecutive world all-around titles since the Beijing Olympics

    World all-around gymnastics champion Kohei Uchimura will put thoughts of personal glory aside at the London Olympics to help Japan win the men's team gold medal back from arch-rivals China.

  • Alabama's Jackie Traina pitches against Oklahoma during the first inning of the NCAA Women's College World Series softball final game in Oklahoma City, Wednesday, June 6, 2012. (AP Photo/Alonzo Adams)
    Alabama win's NCAA women's softball title AP - 5 hrs ago

    An impromptu party in front of the dugout during a fourth-inning rain delay turned into a celebration that will last a long time for Alabama's softball team. More »Alabama win's NCAA women's softball title

    Alabama's Jackie Traina pitches against Oklahoma during the first inning of the NCAA Women's College World Series softball final game in Oklahoma City, Wednesday, June 6, 2012. (AP Photo/Alonzo Adams)

    An impromptu party in front of the dugout during a fourth-inning rain delay turned into a celebration that will last a long time for Alabama's softball team.

  • Eileen McNamee, the estranged wife of Brian McNamee, the former trainer for former Major League Baseball pitcher Roger Clemens, leaves federal court in Washington, Wednesday, June 6, 2012,, after testifying in Clemens' perjury trial.  (AP Photo/Jacquelyn Martin)
    Key witness in Clemens trial contradicted by wife AP - 5 hrs ago

    The Roger Clemens perjury trial at its core pits one man's word against another's. Now the estranged wife of one of them, Clemens' accuser Brian McNamee, is weighing in as a defense witness. More »Key witness in Clemens trial contradicted by wife

    Eileen McNamee, the estranged wife of Brian McNamee, the former trainer for former Major League Baseball pitcher Roger Clemens, leaves federal court in Washington, Wednesday, June 6, 2012,, after testifying in Clemens' perjury trial.  (AP Photo/Jacquelyn Martin)

    The Roger Clemens perjury trial at its core pits one man's word against another's. Now the estranged wife of one of them, Clemens' accuser Brian McNamee, is weighing in as a defense witness.

  • FILE - In this June 8, 1958, file photo, Tim Tam eats hay in a stall the day after the Belmont Stakes horse race at Belmont Park in Elmont, N.Y. The Calumet Farm bay colt finished second to Cavan by 5 1/2 lengths after running the final quarter-mile with a broken bone in his right front ankle. As I'll Have Another prepares to attempt to win the Belmont Stakes in his quest to become the 12th Triple Crown champion and first in 34 years on Saturday, June 9, 2012, The Associated Press takes a look at some of the 19 horses who won the Kentucky Derby and the Preakness, but came up short in the final leg of the Triple Crown, and how the race unfolded. (AP Photo/Jacob Harris, File)
    Countdown to Triple Crown: Triple try alibis AP - 5 hrs ago

    There have been 30 horses who came into the Belmont Stakes with a chance to win the Triple Crown. Eleven succeeded in sweeping the Kentucky Derby, the Preakness and the Belmont, and 19 came up short in … More »Countdown to Triple Crown: Triple try alibis

    FILE - In this June 8, 1958, file photo, Tim Tam eats hay in a stall the day after the Belmont Stakes horse race at Belmont Park in Elmont, N.Y. The Calumet Farm bay colt finished second to Cavan by 5 1/2 lengths after running the final quarter-mile with a broken bone in his right front ankle. As I'll Have Another prepares to attempt to win the Belmont Stakes in his quest to become the 12th Triple Crown champion and first in 34 years on Saturday, June 9, 2012, The Associated Press takes a look at some of the 19 horses who won the Kentucky Derby and the Preakness, but came up short in the final leg of the Triple Crown, and how the race unfolded. (AP Photo/Jacob Harris, File)

    There have been 30 horses who came into the Belmont Stakes with a chance to win the Triple Crown. Eleven succeeded in sweeping the Kentucky Derby, the Preakness and the Belmont, and 19 came up short in the final leg. While we're waiting to see how Triple Crown hopeful I'll Have Another fares in his bid Saturday, here's …

  • Former Penn State University assistant football coach Jerry Sandusky arrives for the second day of jury selection as his trial on 52 counts of child sexual abuse involving 10 boys over a period of 15 years gets underway at the Centre County Courthouse in Bellefonte, Pa., Wednesday, June 6, 2012. (AP Photo/Gene J. Puskar)
    4 days to opening arguments in Sandusky trial AP - 5 hrs ago

    The attorneys arguing the child sexual abuse trial of former Penn State assistant coach Jerry Sandusky have four days to figure out how to sway a jury heavy with connections to the school. More »4 days to opening arguments in Sandusky trial

    Former Penn State University assistant football coach Jerry Sandusky arrives for the second day of jury selection as his trial on 52 counts of child sexual abuse involving 10 boys over a period of 15 years gets underway at the Centre County Courthouse in Bellefonte, Pa., Wednesday, June 6, 2012. (AP Photo/Gene J. Puskar)

    The attorneys arguing the child sexual abuse trial of former Penn State assistant coach Jerry Sandusky have four days to figure out how to sway a jury heavy with connections to the school.

  • England's Ashton runs to score a try against Barbarians during their rugby union match in London
    England prepared for aerial assault Reuters - 5 hrs ago

    DURBAN (Reuters) - England are prepared to deal with an expected kicking game from South Africa in the first test in Durban on Saturday, according to England wing Chris Ashton. South Africa will be playing … More »England prepared for aerial assault

    England's Ashton runs to score a try against Barbarians during their rugby union match in London

    DURBAN (Reuters) - England are prepared to deal with an expected kicking game from South Africa in the first test in Durban on Saturday, according to England wing Chris Ashton. South Africa will be playing their first test under new coach Heyneke Meyer and all indications are that the Springboks will persist with the kick-and-chase …

  • This combination made Tuesday, June 5, 2012, from file photos shows, at left, New York Mets pitcher R.A. Dickey on May 22, and New York Yankees' Derek Jeter on April 17. Fans around the world will be focused on the New York metropolitan area as it hosts at least four and maybe five major events, including a regular-season, three-day series between the city's two baseball teams, the Mets and Yankees, starting on Friday, June 8. (AP Photos/Files)
    Belmont and that's not all on big NYC sports day AP - 5 hrs ago

    New York likes to think of itself as the hub of, well, pretty much everything. Finance, fashion, theater. And this Saturday, sports can claim a spot on that list. More »Belmont and that's not all on big NYC sports day

    This combination made Tuesday, June 5, 2012, from file photos shows, at left, New York Mets pitcher R.A. Dickey on May 22, and New York Yankees' Derek Jeter on April 17. Fans around the world will be focused on the New York metropolitan area as it hosts at least four and maybe five major events, including a regular-season, three-day series between the city's two baseball teams, the Mets and Yankees, starting on Friday, June 8. (AP Photos/Files)

    New York likes to think of itself as the hub of, well, pretty much everything. Finance, fashion, theater. And this Saturday, sports can claim a spot on that list.

  • Oklahoma City Thunder's Sefolosha scores as San Antonio Spurs' Green defends in the second quarter during Game 6 of the NBA Western Conference basketball finals in Oklahoma City
    Thunder strike down Spurs, advance to finals Reuters - 6 hrs ago

    (Reuters) - The Oklahoma City Thunder booked their place in the National Basketball Association finals on the back of a furious second-half comeback led by Kevin Durant to take a series-clinching 107-99 … More »Thunder strike down Spurs, advance to finals

    Oklahoma City Thunder's Sefolosha scores as San Antonio Spurs' Green defends in the second quarter during Game 6 of the NBA Western Conference basketball finals in Oklahoma City

    (Reuters) - The Oklahoma City Thunder booked their place in the National Basketball Association finals on the back of a furious second-half comeback led by Kevin Durant to take a series-clinching 107-99 win over the San Antonio Spurs on Wednesday. The Thunder roared back from an 18-point deficit in the first half, outscoring …

Business News

Yahoo! Reuters Headlines-Business:

  • China's nation flag flies in front of the headquarters of the People's Bank of China, the central bank, in Beijing
    China makes surprise interest rate cut Reuters - 45 mins ago

    BEIJING (Reuters) - China's central bank cut benchmark interest rates by 25 basis points on Thursday in a surprise move to shore up slackening economic growth, its first … More »China makes surprise interest rate cut

    China's nation flag flies in front of the headquarters of the People's Bank of China, the central bank, in Beijing

    BEIJING (Reuters) - China's central bank cut benchmark interest rates by 25 basis points on Thursday in a surprise move to shore up slackening economic growth, its first rate cut since the depths of the 2008/09 financial crisis. The new rate of 6.31 percent is effective from June 8, the People's Bank of China (PBOC) said …

  • Banner announcing Linkedin Inc. listing on the New York Stock Exchange hangs on Exchange in New York
    LinkedIn, eHarmony suffer data breaches Reuters - 8 hrs ago

    BOSTON/NEW YORK (Reuters) - Social networking site LinkedIn and online dating service eHarmony warned that some user passwords had been breached after security experts … More »LinkedIn, eHarmony suffer data breaches

    Banner announcing Linkedin Inc. listing on the New York Stock Exchange hangs on Exchange in New York

    BOSTON/NEW YORK (Reuters) - Social networking site LinkedIn and online dating service eHarmony warned that some user passwords had been breached after security experts discovered scrambled files with passwords for millions of online accounts. The two companies declined to say how many accounts had been breached when they …

  • JPMorgan media banker moves to private equity role Reuters - 2 hrs 28 mins ago

    LONDON (Reuters) - JPMorgan's top media sector banker Harry Hampson, who worked on the sale last year of Elisabeth Murdoch's Shine Group to News Corp , is to become head … More »JPMorgan media banker moves to private equity role

    LONDON (Reuters) - JPMorgan's top media sector banker Harry Hampson, who worked on the sale last year of Elisabeth Murdoch's Shine Group to News Corp , is to become head of the bank's Financial Sponsors Group which advises private equity firms, for Europe, the Middle East and Africa, according to a memo seen by Reuters. …

  • Cayne, former Chairman and CEO of Bear Stearns, puts his hand to his head as he testifies at a hearing held by the Financial Crisis Inquiry Commission in Washington
    Bear Stearns $275 million settlement reached Reuters - 20 mins ago

    (Reuters) - A $275 million settlement has been reached in a nationwide shareholder lawsuit stemming from the near-collapse of the former Wall Street investment bank Bear … More »Bear Stearns $275 million settlement reached

    Cayne, former Chairman and CEO of Bear Stearns, puts his hand to his head as he testifies at a hearing held by the Financial Crisis Inquiry Commission in Washington

    (Reuters) - A $275 million settlement has been reached in a nationwide shareholder lawsuit stemming from the near-collapse of the former Wall Street investment bank Bear Stearns Cos, court papers show. The settlement resolves claims that Bear, and several officials including former Chief Executive James Cayne, misled investors …

  • A Spanish flag flies over the Bank of Spain in Madrid
    Spain passes market test, Merkel douses summit hopes Reuters - 29 mins ago

    MADRID/LONDON (Reuters) - Spain weathered funding pressures in European credit markets on Thursday and managed to raise money at an affordable if rising cost, while behind-the-scenes … More »Spain passes market test, Merkel douses summit hopes

    A Spanish flag flies over the Bank of Spain in Madrid

    MADRID/LONDON (Reuters) - Spain weathered funding pressures in European credit markets on Thursday and managed to raise money at an affordable if rising cost, while behind-the-scenes planning for a likely rescue of its debt-stricken banks intensified. Madrid sold 2.1 billion euros ($2.6 billion) of government bonds, paying …

  • Morgan Stanley's New York headquarters are seen at the corner of 48th Street and Broadway in New York
    Deal or no deal, Morgan Stanley commodity trade shrinks Reuters - 7 hrs ago

    NEW YORK (Reuters) - The hard core of Morgan Stanley's commodities trading empire, once the mightiest on Wall Street famed for its powerful union of paper and physical … More »Deal or no deal, Morgan Stanley commodity trade shrinks

    Morgan Stanley's New York headquarters are seen at the corner of 48th Street and Broadway in New York

    NEW YORK (Reuters) - The hard core of Morgan Stanley's commodities trading empire, once the mightiest on Wall Street famed for its powerful union of paper and physical deals, is shrinking. Even as the bank is reported to be considering selling a stake in its billion-dollar commodities unit, its physical trading activity …

  • Gazprom to advance Ukraine $2 billion for gas transit Reuters - 46 mins ago

    MOSCOW (Reuters) - Russia's gas exporting monopoly Gazprom said on Thursday it had agreed to pay $2 billion in advance to Ukraine in order to finance purchases of gas … More »Gazprom to advance Ukraine $2 billion for gas transit

    MOSCOW (Reuters) - Russia's gas exporting monopoly Gazprom said on Thursday it had agreed to pay $2 billion in advance to Ukraine in order to finance purchases of gas and secure its transit to Europe. Ukraine - the main route for Russian gas to Europe - is struggling with monthly payments for purchases of Russian gas and …

  • China cuts key lending rate to boost economy AP - 52 mins ago

    China cut its benchmark lending rate Thursday for the first time in nearly four years, adding to efforts to reverse a sharp economic downturn. More »China cuts key lending rate to boost economy

    China cut its benchmark lending rate Thursday for the first time in nearly four years, adding to efforts to reverse a sharp economic downturn.

  • A currency trader watches his monitors at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Thursday, June 7, 2012. South Korea's Kospi rose 2.56 percent, or 46.10 points, to close at 1,847.95. (AP Photo/Lee Jin-man)
    Markets rise on hopes for Spain aid, US stimulus AP - 1 hr 44 mins ago

    Global markets rose on Thursday, boosted by hopes that Europe is preparing to give Spain financial aid to help it cope with the cost of saving its banks and that the … More »Markets rise on hopes for Spain aid, US stimulus

    A currency trader watches his monitors at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Thursday, June 7, 2012. South Korea's Kospi rose 2.56 percent, or 46.10 points, to close at 1,847.95. (AP Photo/Lee Jin-man)

    Global markets rose on Thursday, boosted by hopes that Europe is preparing to give Spain financial aid to help it cope with the cost of saving its banks and that the Federal Reserve will consider additional support for the U.S. economy.

  • Bernanke likely to be pressed on health of economy AP - 8 mins ago

    Federal Reserve Chairman Ben Bernanke will be ready for the question. And lawmakers will be eager for an answer: More »Bernanke likely to be pressed on health of economy

    Federal Reserve Chairman Ben Bernanke will be ready for the question. And lawmakers will be eager for an answer:

  • A homeless person sleeps in the doorway of a bank in Madrid Thursday June 7, 2012. Spanish Prime Minister Mariano Rajoy pleaded with European leaders "to support those that are in difficulty" and push toward greater fiscal unity - a step that might allow its troubled banks to get direct financial help. The call comes although Spain insists it doesn't need outside aid. (AP Photo/Paul White)
    Spain has successful bond sale after tough week AP - 50 mins ago

    Spain successfully raised €2.1 billion ($2.62 billion) Thursday from the bond markets — but at higher interest rates as investors remained concerned the country might … More »Spain has successful bond sale after tough week

    A homeless person sleeps in the doorway of a bank in Madrid Thursday June 7, 2012. Spanish Prime Minister Mariano Rajoy pleaded with European leaders "to support those that are in difficulty" and push toward greater fiscal unity - a step that might allow its troubled banks to get direct financial help. The call comes although Spain insists it doesn't need outside aid. (AP Photo/Paul White)

    Spain successfully raised €2.1 billion ($2.62 billion) Thursday from the bond markets — but at higher interest rates as investors remained concerned the country might still need external help to shore up its troubled banking sector.

  • German Chancellor Angela Merkel reacts as she arrives for the weekly cabinet meeting at the chancellery in Berlin, Germany, Wednesday, June 6, 2012. (AP Photo/Markus Schreiber)
    Merkel urges giving up more power to Europe AP - 1 hr 4 mins ago

    German Chancellor Angela Merkel is calling for countries to give up more powers to Europe "step by step" as the continent tries to claw its way out of the debt crisis … More »Merkel urges giving up more power to Europe

    German Chancellor Angela Merkel reacts as she arrives for the weekly cabinet meeting at the chancellery in Berlin, Germany, Wednesday, June 6, 2012. (AP Photo/Markus Schreiber)

    German Chancellor Angela Merkel is calling for countries to give up more powers to Europe "step by step" as the continent tries to claw its way out of the debt crisis and says a "political union" is needed as leaders prepare for a closely watched summit later this month.

  • Samsung fights Apple move to block Galaxy sales AP - 1 hr 3 mins ago

    Samsung Electronics Co. said Thursday it will fight Apple's move to stop U.S. sales of its new Galaxy phone in the latest flare-up of an intellectual property battle … More »Samsung fights Apple move to block Galaxy sales

    Samsung Electronics Co. said Thursday it will fight Apple's move to stop U.S. sales of its new Galaxy phone in the latest flare-up of an intellectual property battle between the world's top smartphone makers.

  • Global food prices down sharply AP - 2 hrs 41 mins ago

    A U.N. agency says world food prices dropped sharply in May, reaching their lowest level in eight months due to favorable supplies and currency fluctuations. More »Global food prices down sharply

    A U.N. agency says world food prices dropped sharply in May, reaching their lowest level in eight months due to favorable supplies and currency fluctuations.

  • Study: China investment in Europe triples AP - 9 hrs ago

    China's annual corporate investment in Europe tripled last year to $10 billion and appears to be driven mostly by commercial motives, not government directives, a study … More »Study: China investment in Europe triples

    China's annual corporate investment in Europe tripled last year to $10 billion and appears to be driven mostly by commercial motives, not government directives, a study released Thursday said.

  • Oil hovers above $85 ahead of Bernanke comments AP - 4 hrs ago

    Oil hovered above $85 a barrel Thursday in Asia amid speculation the U.S. may implement stimulus measures to boost a flagging recovery. More »Oil hovers above $85 ahead of Bernanke comments

    Oil hovered above $85 a barrel Thursday in Asia amid speculation the U.S. may implement stimulus measures to boost a flagging recovery.

  • Bank of England: no change in rates, stimulus AP - 1 hr 33 mins ago

    The Bank of England has kept its base interest rate at the all-time low of 0.5 percent and has not approved any additional monetary stimulus. More »Bank of England: no change in rates, stimulus

    The Bank of England has kept its base interest rate at the all-time low of 0.5 percent and has not approved any additional monetary stimulus.

  • Oil up to near $86 on interest rate cut in China AP - 7 mins ago

    The price of oil rose to near $86 a barrel Thursday after the Chinese central bank cut its interest rates to help the slowing economy, raising hopes for higher crude … More »Oil up to near $86 on interest rate cut in China

    The price of oil rose to near $86 a barrel Thursday after the Chinese central bank cut its interest rates to help the slowing economy, raising hopes for higher crude demand. The move further buoyed market sentiment, which had earlier brightened on hopes the Federal Reserve might offer new stimulus to the U.S. economy and …

  • Bernanke likely to be pressed on health of economy AP - 8 mins ago

    Federal Reserve Chairman Ben Bernanke will be ready for the question. And lawmakers will be eager for an answer: More »Bernanke likely to be pressed on health of economy

    Federal Reserve Chairman Ben Bernanke will be ready for the question. And lawmakers will be eager for an answer:

  • A "Help Wanted" sign in the window advertises a job opening at a dry cleaners in Boston
    Jobless claims fall, labor market still on mend Reuters - 5 mins ago

    WASHINGTON (Reuters) - The number of Americans lining up for new jobless benefits fell last week for the first time since April, a reminder that the wounded labor market … More »Jobless claims fall, labor market still on mend

    A "Help Wanted" sign in the window advertises a job opening at a dry cleaners in Boston

    WASHINGTON (Reuters) - The number of Americans lining up for new jobless benefits fell last week for the first time since April, a reminder that the wounded labor market is still slowly healing. Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 377,000, the Labor Department said on Thursday. …

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A gentleman is a man who can play the accordion but doesn't.
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For most folks, no news is good news; for the press, good news is not news.
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Gloria Borger  
Democracy substitutes election by the incompetent many for appointment by the corrupt few.
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The more original a discovery, the more obvious it seems afterwards.
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