Aaron's Daily WWW Newspaper

AFP/Getty Images

GM says bondholder panel supports sweetened offer AP – 1 hr 6 mins ago

DETROIT – General Motors Corp. said Thursday a committee of bondholders has agreed to a sweetened deal proposed by the U.S. government to erase the automaker's unsecured debt in exchange for company stock. Full Story»

The exterior of a foreclosed home is shown in Lithonia, Ga., on March 4, 2009.

12 pct. are behind on mortgage or in foreclosure AP – 1 hr 28 mins ago

Video: First Person: Century 21 CEO sees improvement AP

South Korean elementary school students wearing gas masks while they participate

US, S. Korea put militaries on alert over N. Korea AP – 33 mins ago

Time Warner to spin off AOL, ending ill-fated deal
AP – 12 mins ago

AP

NEW YORK - Time Warner Inc. is dumping AOL after spending nearly a decade trying to build a new-age media empire only to wind up in a weaker position than when the marriage began. Full Story»
Bing it on: Microsoft overhauls search, again
AP – 55 mins ago

SEATTLE - Microsoft Corp. is rolling out a redesigned search site in the coming days and hopes it will lure more Web surfers than the two most recent incarnations, Live Search and MSN Search. Full Story»
Chris Brown says he's 'not a monster'
AP – 2 hrs 24 mins ago
AP
NEW YORK - Chris Brown tells his fans he's "not a monster" in a video posted on YouTube. Full Story»
- Slideshow: Chris Brown
Federer rallies to advance at French Open
AP – 46 mins ago
AP
PARIS - Roger Federer survived a tough match on his least favorite surface Thursday, rallying from a 5-1 deficit in the third set to beat Jose Acasuso 7-6 (8), 5-7, 7-6 (2), 6-2 in the second round of the French Open. Full Story»
- Slideshow: French Open Tennis Tournament
GM bankruptcy looms after upping bondholder deal
Reuters – 23 mins ago
Reuters
BERLIN/DETROIT (Reuters) - General Motors Corp took a major step toward going through the kind of bankruptcy it favors by persuading major bondholders to accept a sweetened deal, even as talks to sell its Opel business between Berlin and Washington hit a rough patch. Full Story»
- Slideshow: General Motors Corp.
U.S., South Korea raise military alert on North
Reuters – Thu May 28, 3:50 am ET
Reuters
SEOUL (Reuters) - South Korea and the United States raised the military alert level for the peninsula on Thursday after the communist North warned the truce ending the Korean War was dead and it was ready to attack. Full Story»
- Video: NKorea threatens to attack US, SKorean warships AP
- Slideshow: North Korea
U.S. durable goods orders rise, jobless claims ease
Reuters – 2 hrs 21 mins ago

Reuters

WASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods saw their biggest gain in 16 months in April and fewer workers filed for new jobless benefits last week, according to data on Thursday that suggested the deep recession was abating. Full Story»

Bombs explode in Pakistan city; gunmen ambush police
Reuters – 25 mins ago
Reuters
PESHAWAR, Pakistan (Reuters) - Two bombs exploded in a market in the northwestern Pakistani city of Peshawar on Thursday, killing six people, and gunmen on rooftops ambushed police as they arrived at the scene. Full Story»
- Slideshow: Pakistan
As Obama meets Abbas, Israel defends settlements
Reuters – Thu May 28, 8:00 am ET

Reuters

WASHINGTON (Reuters) - Israel rebuffed a strong plea on Thursday from its close ally the United States to stop all building in Jewish settlements in the occupied West Bank. Full Story»
At least 4 die in major quake off Honduras
Reuters – 1 hr 51 mins ago

Reuters

TEGUCIGALPA (Reuters) - A powerful 7.1 magnitude earthquake shook Honduras on Thursday, killing at least four people, knocking down homes and causing damage in neighboring Guatemala. Full Story»
1 in 8 homeowners behind on mortgage or in foreclosure
Reuters – 19 mins ago

NEW YORK (Reuters) - One of eight U.S. households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers Association said on Thursday. Full Story»
Battle takes shape over U.S. court pick Sotomayor
Reuters – Wed May 27, 11:32 pm ET
Reuters
WASHINGTON (Reuters) - The battle over U.S. Supreme Court nominee Sonia Sotomayor began to take shape on Wednesday as liberal supporters praised her as an independent legal thinker and conservatives argued she likely would rule based on her emotions rather than established precedent. Full Story»
- Slideshow: Sonia Sotomayor
US steps up pressure over Israeli settlements
AFP – 1 hr 58 mins ago

AFP/File

WASHINGTON (AFP) - Palestinian president Mahmud Abbas was to meet with President Barack Obama Thursday as the new US administration steps up pressure on Israel to freeze settlement building in the occupied West Bank. Full Story»
Deadly Pakistan blasts kill ten
AFP – 59 mins ago
AFP
PESHAWAR, Pakistan (AFP) - Bombs tore through the Pakistan city of Peshawar killing ten people Thursday, after the Taliban claimed a deadly attack in Lahore and threatened further mayhem to avenge an offensive. Full Story»
- Slideshow: Pakistan

Sports News

Yahoo! Reuters Headlines-Sports:

Dale Earnhardt Jr., left, talks to a crew member during practice for Sunday's

AP

Eury Jr. out as crew chief for slumping Earnhardt

AP – 1 hr 32 mins ago

CHARLOTTE, N.C. – Dale Earnhardt Jr. will have a new crew chief starting with this weekend's race at Dover because of a slump that has dragged deep into the season. Full Story»

Switzerland's Roger Federer reacts after winning a point against Argentina's

Federer rallies to advance at French Open

AP – 46 mins ago

Slideshow: French Open Tennis Tournament

Los Angeles Lakers forward Pau Gasol, of Spain, knocks the ball away from Denver

Lakers dominate 4th to take Game 5 from Nuggets

AP – Thu May 28, 8:03 am ET

Helm's OT goal puts Red Wings back in Cup finals AP – Thu May 28, 8:03 am ET
Report: NCAA accuses Memphis Tigers of violations AP – Thu May 28, 12:42 am ET
Barcelona beats Man United 2-0 in final AP – Wed May 27, 5:30 pm ET

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Saints deal bill wins La. House passage
AP – 37 mins ago

BATON ROUGE, La. - The Louisiana House has approved a central piece of Gov. Bobby Jindal's deal to keep the New Orleans Saints in the state. Full Story»
Lakers fend off Nuggets to take 3-2 series lead
Reuters – Thu May 28, 1:27 am ET

Reuters

LOS ANGELES (Reuters) - The Los Angeles Lakers put on a fiery fourth-quarter display to grind out a 103-94 victory over the Denver Nuggets on Wednesday, the win earning the top seeds a 3-2 lead in their Western Conference finals series. Full Story»
Johnson wins No. 299 as Giants beat Braves 6-3
Reuters – Thu May 28, 3:22 am ET

SAN FRANCISCO (Reuters) - Randy Johnson moved one step away from joining the 300-win club by recording his 299th victory on Wednesday as the San Francisco Giants beat the Atlanta Braves 6-3. Full Story»
Barcelona revels after Champions League win
AFP – 2 hrs 6 mins ago

AFP

ROME (AFP) - Barcelona striker Thierry Henry said his side's 2-0 Champions League final triumph over Manchester United will stay long in the memory, while beaten goalkeeper Edwin van der Sar was at a loss to explain why his side failed to reproduce their top form. Full Story»
Red Wings, Penguins get earlier start
AP – Thu May 28, 12:08 am ET

NEW YORK - The NHL went against its previous plan, pushing up the start of the Stanley Cup finals to avoid a long layoff. Full Story»
After 2 decades, Washington State back in NCAAs
AP – Thu May 28, 3:32 am ET

Jared Prince had to rely on stories from his dad for proof that Washington State was once a premier college baseball program. Full Story»

Federer, Venus into French Open third round
AFP – 1 hr 55 mins ago
AFP
PARIS (AFP) - Roger Federer and Venus Williams made great French Open escapes on Thursday while 13th-seeded Frenchwoman Marion Bartoli merely made an exhausting list of excuses for her second round defeat. Full Story»
- Slideshow: French Open Tennis Tournament
Hill, Henley tied for NCAA lead
AP – Wed May 27, 9:04 pm ET

TOLEDO, Ohio - While most of the other top individual contenders at the NCAA Division I men's championship are also worried about how their teammates are doing, Matt Hill can be selfish. Full Story»
Japan's Naito retains WBC flyweight title
AP – Tue May 26, 9:59 am ET

AP

TOKYO - Japanese champion Daisuke Naito has defended his WBC flyweight title with a unanimous decision over China's Xiong Zhaozhong. Full Story»
Indy CEO Tony George keeps job — for now
AP – Wed May 27, 5:45 pm ET

INDIANAPOLIS - Tony George is still the CEO of Indianapolis Motor Speedway. Full Story»
Olympic kayaker faces jail term over drug charges
AP – Thu May 28, 1:30 am ET

LISMORE, Australia - Australian Olympic silver medalist and former world kayaking champion Nathan Baggaley faces a prison term of up to 20 years after pleading guility to supplying and manufacturing ecstasy pills. Full Story»

Business News

Yahoo! Reuters Headlines-Business:

AFP/Getty Images

GM says bondholder panel supports sweetened offer

AP – 1 hr 6 mins ago

DETROIT – General Motors Corp. said Thursday a committee of bondholders has agreed to a sweetened deal proposed by the U.S. government to erase the automaker's unsecured debt in exchange for company stock. Full Story»

12 pct. are behind on mortgage or in foreclosure

AP – 1 hr 28 mins ago

Video: First Person: Century 21 CEO sees improvement AP

Traders work on the floor of the New York Stock Exchange

Wall Street fluctuates as energy prices increase

AP – 21 mins ago

Time Warner to spin off AOL, ending ill-fated deal AP – 12 mins ago
Initial jobless claims drop unexpectedly AP – 17 mins ago
Bankruptcy filing by GM would shake up Dow index AP – Wed May 27, 5:18 pm ET

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Record-breaking craps rollBeginning craps player sets record for longest roll

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Borders loss widens dramatically on charges
AP – Tue May 26, 7:37 pm ET

PORTLAND, Ore. - Bookseller Borders Group Inc. reported Tuesday that its loss widened significantly in its fiscal first quarter due to continued weak sales and more than $70 million in after-tax charges. But results still beat Wall Street expectations, sending shares up 11 percent in aftermarket trading. Full Story»
Orders for US durable goods jump
AFP – Thu May 28, 9:38 am ET

DoC

WASHINGTON (AFP) - Orders for US manufactured durable goods jumped higher than expected in April, government data showed Thursday in another indication that the deep recession may be stabilizing. Full Story»
Russia, Belarus fail to agree on $500M loan
AP – 1 hr 48 mins ago

MINSK, Belarus - Russia and Belarus failed to agree Thursday on the last $500 million installment of a $2 billion Russian loan that aimed to help its struggling neighbor avoid bankruptcy, Russia's finance minister said. Full Story»
Good News on the Mortgage Mess
BusinessWeek Online – Thu May 28, 8:08 am ET

Smart shoppers for used cars know how to avoid lemons. Now buyers of residential mortgage-backed securities are likewise learning how to distinguish the bad from the good. That bodes well for healing housing finance. Full Story»
U.S. could take 17 years to exit GMAC after an IPO
Reuters – Fri May 22, 10:00 am ET

Reuters

CHICAGO (Reuters) - GMAC LLC, which is giving the U.S. Treasury Department a 35.4 percent equity stake, said on Friday it might take 17 years for the government to shed its investment if the auto and mortgage lender were to go public. Full Story»

Toys R Us acquires high-end retailer FAO Schwarz
AP – 6 mins ago

AP

NEW YORK - Geoffrey the Giraffe became a knight in shining armor for toy retailer FAO Schwarz late Wednesday, as Toys R Us Inc. said it acquired the troubled high-end retailer, which has struggled for years through bankruptcies amid tough competition from discount stores. Full Story»
US new home sales edge higher in April
AFP – 1 hr 54 mins ago
AFP/Getty Images/File
WASHINGTON (AFP) - US new home sales edged slightly higher in April house prices increased, the government said Thursday in a report showing modest improvement in the troubled sector. Full Story»
- Slideshow: Mortgage Crisis
Indonesian court clears company, govt on mud disaster
AFP – 46 mins ago

AFP/File

JAKARTA (AFP) - Indonesia's supreme court said Thursday it had cleared the government and a gas exploration company of any wrongdoing related to a massive mud volcano that erupted from a gas well three years ago. Full Story»
AP – 2 hrs 51 mins ago

WASHINGTON - New home sales rise 0.3 percent in April; median price falls 14.9 pct from year ago . Full Story»
A Confidence Boost for the Markets
BusinessWeek Online – Wed May 27, 8:08 am ET

With gloomy headlines ranging from the geopolitical (North Korea's nuclear test) to the housing sector (further declines in the U.S. S&P/Case-Shiller home-price indexes in March), what the stock market needed on May 26 was a quick pick-me-up. Voila! A surprising jump in the Conference Board's consumer confidence survey in May helped lift U.S. equities out of the doldrums, with the Dow Jones industrial average up over 100 points in midmorning trading after opening the session in negative territory. Full Story»

Humor can be dissected as a frog can, but the thing dies in the process and the innards are discouraging to any but the pure scientific mind.: E. B. White (1899 - 1985), Some Remarks on Humor, introduction
- More quotations on: [Humor]
The one function TV news performs very well is that when there is no news we give it to you with the same emphasis as if there were.: David Brinkley (1920 - 2003)
- More quotations on: [Television]
It has been my experience that folks who have no vices have very few virtues.: Abraham Lincoln (1809 - 1865)
- More quotations on: [Vices]
The greatest mystery is not that we have been flung at random between the profusion of matter and of the stars, but that within this prison we can draw from ourselves images powerful enough to deny our nothingness.: Andre Malraux (1901 - 1976)

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Personal Newspaper Developer: Aaron Douglass Fuegi (aarondf@bu.edu)

Aaron's Daily WWW Newspaper

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