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This edition was generated on Fri May 29 08:45:01 EDT 2009
DETROIT – The speed at which General Motors Corp. exits bankruptcy protection would depend a lot on the shape the company is in when it enters. GM has three more days to tidy up. Full Story»
WASHINGTON - It's safe to say the best is yet to come for the new national spelling champion. She's only just become a teenager. She'll probably keep her competitive juices flowing by entering the International Brain Bee, the perfect contest for an aspiring neurosurgeon. Full Story»
BURBANK, Calif. - It took a radio disc jockey to remind Jay Leno where he'll stand in "Tonight Show" history when he walks off the stage for the last time Friday. Full Story»
CLEVELAND - LeBron James made a new guarantee: Game 6. With Cleveland's wondrous season on the line, James had 37 points, 14 rebounds and 12 assists, and Mo Williams, who boldly predicted his team would come back and win this tight-as-can-be series, added 24 points in the Cavaliers' 112-102 victory over the Orlando Magic in Game 5 on Thursday night. Full Story»
PARIS - Ana Ivanovic dominated another opponent at the French Open on Friday, this time beating Iveta Benesova of the Czech Republic 6-0, 6-2 to advance to the fourth round. Full Story»
YEONPYEONG, South Korea (Reuters) - North Korea test-fired another short-range missile off its east coast on Friday and said it would take more "self-defense measures" if the U.N. Security Council punished it for this week's nuclear test. Full Story»
WASHINGTON (Reuters) - The Pentagon plans to create a new military command for cyberspace, stepping up preparations by the armed forces to conduct both offensive and defensive computer warfare, the New York Times said on Friday. Full Story»
TEHRAN (Reuters) - An Iranian official accused the United States on Friday of involvement in a mosque bombing that killed more than 20 people in volatile south-eastern Iran, two weeks before the Islamic Republic's presidential election. Full Story»
BERLIN/MILAN (Reuters) - Germany raced to overcome a transatlantic spat and growing tensions among Opel bidders to clinch a deal for the German carmaker on Friday, as parent General Motors hurtled toward bankruptcy. Full Story»
KABUL (Reuters) - U.S. forces said a U.S. and Afghan army patrol killed 35 militants in Zabul province, east Afghanistan, when the patrol's convoy came under attack. Full Story»
SEOUL (Reuters) - Sobbing South Koreans jammed Seoul's streets on Friday for the funeral of former President Roh Moo-hyun, whose suicide last week has turned him from failed leader to lightning rod for criticism of his successor. Full Story»
OSLO (Reuters) - About 170 nations will meet in Germany next week to work on a new United Nations climate treaty with hopes for progress pinned most on ways to raise billions of dollars to help poor nations cope with global warming. Full Story»
ISLAMABAD (Reuters) - Pakistani forces cleared a Taliban stronghold in Swat and drove militants out of a town in the northwest valley, the military said on Friday, amid worries over how long it would be before more than 2 million displaced people can go home. Full Story»
BERLIN (AFP) - US auto giant General Motors fine-tuned Friday a government-backed rescue plan while rival Chrysler awaited a key bankruptcy ruling and German officials cast doubt on efforts to save Opel. Full Story»
SEOUL (AFP) - Tens of thousands of weeping South Koreans packed Seoul's streets Friday to pay last respects to former president Roh Moo-Hyun, who leapt off a cliff to his death while facing corruption allegations. Full Story»
CLEVELAND – LeBron James made a new guarantee: Game 6. Full Story»
MINNEAPOLIS - The NFL Players Association asked a federal judge on Thursday to keep the suspensions of five players on hold while the case over use of a banned substance is being appealed. Full Story»
CLEVELAND - LeBron James made a new guarantee: Game 6. With Cleveland's wondrous season on the line, James had 37 points, 14 rebounds and 12 assists, and Mo Williams, who boldly predicted his team would come back and win this tight-as-can-be series, added 24 points in the Cavaliers' 112-102 victory over the Orlando Magic in Game 5 on Thursday night. Full Story»
TACOMA, Wash. - Mariners starter Ryan Rowland-Smith allowed three hits over five scoreless innings in his second minor league rehab outing. Full Story»
LONDON (AFP) - Great Britain is set to be represented by the England football team at the 2012 Olympics after the other British nations agreed not to block the proposal. Full Story»
PITTSBURGH - The Pittsburgh Penguins will travel Friday to the city called Hockeytown for their second Stanley Cup finals in as many seasons against Detroit, yet forgive them if they're convinced they already live there. Full Story»
Freshly minted Kentucky basketball coach John Calipari hasn't been accused of wrongdoing, just being in the wrong place at the wrong time. Full Story»
PARIS (AFP) - Defending champion Ana Ivanovic breezed into the last 16 at the French Open on Friday but Portuguese teen prodigy Michelle Larcher de Brito saw her dream of becoming the youngest ever women's winner bite the dust. Full Story»
TOLEDO, Ohio - With just eight holes remaining in the race for medalist at the NCAA Division I men's golf championship, North Carolina State's Matt Hill trailed by two strokes. Full Story»
TOKYO - Japanese champion Daisuke Naito has defended his WBC flyweight title with a unanimous decision over China's Xiong Zhaozhong. Full Story»
GENEVA - A standoff between Formula One teams and the sport's governing body over a budget cap appears close to being settled Friday with teams preparing to meet an entry deadline for the 2010 season. Full Story»
LONDON - A soccer team of only English players is set to represent Britain at the 2012 London Olympics. Full Story»
WASHINGTON – The economy sank at a 5.7 percent pace as the brute force of the recession carried over into the start of the year. However, many analysts believe activity isn't shrinking nearly as much now as the downturn flashes signs of letting up. Full Story»
THOMASVILLE, Ga. - Bakery goods company Flowers Foods Inc. said Wednesday its first-quarter profit rose almost 5 percent, helped by more consumers eating at home to save cash. Full Story»
WASHINGTON - President Barack Obama says the U.S. and Saudi Arabia must take steps to reduce dependence on oil to boost their economies and reduce threats to the planet from climate change. Full Story»
LONDON (AFP) - Voters are increasingly opposed to the European Union, a poll for the Economist weekly has revealed, just days ahead of elections for the European Parliament. Full Story»
NEW YORK - The mortgage crisis is spreading and hitting new heights: Borrowers with good credit now make up the largest share of foreclosures as job losses and pay cuts exact their toll. Full Story»
WASHINGTON - Rates on 30-year home loans rose this week and were poised to go higher as investors demanded higher rates for long-term government debt, which is closely tied to mortgage rates. Full Story»
NEW DELHI (AFP) - The world's number one retailer Wal-Mart is set to open its first sales venture in India Saturday as part of an ambitious plan to establish a foothold in the country's vast consumer market. Full Story»
WASHINGTON - Sales of newly built homes were flat last month, but were 7 percent above the rock-bottom lows of January as the battered U.S. real estate market appears to be starting a slow and gradual recovery. Full Story»
LONDON (Reuters) - Oil rose to a six-month high above $66 per barrel on Friday, on track for its largest monthly percentage gain in more than a decade, after Japanese and U.S. data suggested the economic downturn may be moderating. Full Story»
MIAMI (Reuters) - A pickup in U.S. home sales has kindled hopes for a housing recovery, but plunging prices, rising unemployment and a new wave of foreclosures are clouding prospects for a quick end to the American real estate debacle. Full Story»
Young Kids The long-term psychological effects may be most profound for young children, since they are growing up without any real memory of better times. They can pick up on parents' anxiety about money and may see the world as an uncertain place where they have to struggle to succeed. Later this may make them cautious about career choices and financial decisions. Full Story»