Breaking News: Space shuttle Discovery lands safely on Earth

Date: Sat, 14 Jun 2008 10:17:44 -0500

(AP) -- Shuttle Discovery and its crew of seven landed safely on Earth
Saturday, capping a successful expansion job at the international space
station.

NBC news anchor Tim Russert dead of heart attack: N.Y. Times

Date: Fri, 13 Jun 2008 15:32:05 -0400

NBC news anchor Tim Russert dead of heart attack: N.Y. Times
6/13/2008 3:29:12 PM

Markets Friday, 06/13/2008

Friday, 6/13/2008

| Dow : 12307.35 up 165.77

| S & P : 1360.03 up 20.16

| NASDAQ: 2454.50 up 50.15

| Bond (10Y): 4.25%, 97.44

MARKETS:
Stocks rally at end of tough week
Investors shrug off jump in consumer inflation, focusing on lower crude
prices and deal-making talk at the end of a tough week.

U.S. stocks rally on Friday as inflation fears abate

Date: Fri, 13 Jun 2008 17:04:19 -0400
U.S. stocks rally on Friday as inflation fears abate

U.S. stocks surge, boosted by a rising dollar and a drop in crude-oil
prices as the latest data on consumer prices bring relief.

Bond Report: Treasurys cap worst week since 2001 on inflation risks

Treasurys decline, with two-year debt yields notching the biggest weekly
gain in almost seven years.

Economic Report: CPI up 0.6% in May on back of surging energy costs,
U.S. says

U.S. consumer prices rise at the fastest pace in six months, as the
government's data tracking retail-level inflation for May get a boost
from surging energy costs.

Lehman adds 9%, on track to first up day in a week

Shares of Lehman turn around as investors buy into notion the firm might
be a buyout target or find some other way to sort out its future.

Oil prices drove consumer inflation higher in May while the annual inflation rate rose to 4.2% from 3.9%.

Date: Fri, 13 Jun 2008 08:33:03 -0400

Oil prices drove consumer inflation higher in May while the annual
inflation rate rose to 4.2% from 3.9%.

U.S. stocks stage rally on inflation data, lower oil prices

Date: Fri, 13 Jun 2008 12:03:20 -0400
U.S. stocks stage rally on inflation data, lower oil prices

U.S. stocks surge, boosted by a rising dollar and a drop in crude oil
prices as the latest data on consumer prices bring relief.

Bond Report: Treasurys cap worst week since 2001 on inflation risks

Treasurys were little changed early Friday, capping the biggest increase
in short-term yields in nearly seven years, after a government report
showed consumer prices last month accelerated more than economists
forecast.

Economic Report: CPI up 0.6% in May on back of surging energy costs,
U.S. says

U.S. consumer prices rise at the fastest pace in six months, as the
government's data tracking retail-level inflation for May get a boost
from surging energy costs.

Food Futures: Corn rises for seventh day to new record

Corn futures rise for a seventh straight day to a new record, as rain in
the Midwest raises concerns that the grain's production will be
reduced.

Lehman stock rallies as BlackRock reiterates support

Shares of Lehman Bros. Holdings turn around as investors buy into notion
the firm might be a buyout target or find some other way to sort out its
future.

Markets Thursday, 06/12/2008

Thursday, 6/12/2008

| Dow : 12141.58 up 57.81

| S & P : 1339.87 up 4.38

| NASDAQ: 2404.35 up 10.34

|Bond (10Y): 4.21%, 97.28

MARKETS:
Stocks muster gains
Wall Street ends a tough session in the plus column. as seesawing oil
prices and Yahoo news counter better May retail sales and a bid for
Anheuser-Busch.

Lehman's CFO and COO ousted as turmoil takes a new turn

Date: Thu, 12 Jun 2008 17:07:50 -0400

Lehman's chief financial officer and chief operating officer are leaving
their posts, a fresh reflection of the firm's turmoil and the latest
victims of the credit crisis swirling across Wall Street.

Market cheers InBev's $46 billion Anheuser-Busch bid

The stock market cheers InBev's $46 billion offer for Anheuser-Busch,
sending shares of both brewers as the Belgian brewer attempts to woo
shareholders of the St. Louis firm.

The Fed: Plosser calls for quick rate hike

Philadelphia Federal Reserve President Charles Plosser calls for a quick
rate hike to combat inflation pressures that have moved beyond commodity
prices.

Forecaster of the Month: Raising rates would be crazy, top forecaster
says

The Federal Reserve would be crazy to raise interest rates in the
opening stages of a once-in-a-lifetime economic downturn, top economic
forecaster Ian Shepherdson says.

Breaking News Thu., June 12, 2008

Date: Thu, 12 Jun 2008 07:30:13 -0700 (PDT)

THE U.S. SUPREME COURT RULES FOREIGN TERROR SUSPECTS HELD AT GUANTANAMO
BAY HAVE THE CONSTITUTIONAL RIGHT TO CHALLENGE THEIR CONFINEMENT BEFORE
FEDERAL JUDGES

Markets Wednesday, 06/11/2008

Wednesday, 6/11/2008

| Dow : 12083.77 down 205.99

| S & P : 1335.49 down 22.95

| NASDAQ: 2394.01 down 54.93

| Bond (10Y): 4.07%, 98.19

MARKETS:
Stocks tumble 206 points on oil surge
Wall Street slumps as crude prices rally more than $5 a barrel, the
dollar falls and Fed's 'Beige Book' shows more weakness.

Torrent of trouble rattles financial sector

Date: Wed, 11 Jun 2008 17:04:46 -0400
Torrent of trouble rattles financial sector

Shares of the nation's largest banks and brokerage firms fell Wednesday
on a whirlwind of bad news and lowered expectations, from the prospect
of expanding regulation to the fire sale of repossessed New York City
skyscrapers.

Futures Movers: Crude futures close over 4% higher as supply falls a
fourth week

Higher crude-oil futures are punctuated by fresh data detailing tighter
U.S. petroleum supplies, erasing all of Tuesday's pullback.

Emerging Markets Report: Mexican exchange's IPO faces hurdle on high
price, equity jitters

The initial public offering of Mexico's sole stock exchange is on track
for a lackluster debut this week, the potential victim of tumultuous
global equity markets and a high price estimate for its newly issued
shares, analysts say.

Merrill's liquidity is strong, CEO Thain says

Merrill Lynch's John Thain says the firm's liquidity remains strong, and
that its exposure to bond insurers is well hedged. .

Martha Stewart Living Omnimedia CEO resigns

Susan Lyne has resigned as president and CEO of Martha Stewart Living
Omnimedia Inc. and will be replaced by two high-level executives, the
media company says.

Stocks edge lower at open as investors await a government report on fuel inventories and oil and gas prices continue to rise.

Date: Wed, 11 Jun 2008 09:31:04 -0400

Stocks edge lower at open as investors await a government report on fuel
inventories and oil and gas prices continue to rise.

Markets Tuesday, 06/10/2008

Tuesday, 6/10/2008

| Dow : 12289.76 up 9.44

| S & P : 1358.44 down 3.32

| NASDAQ: 2448.94 down 10.52

| Bond (10Y): 4.10%, 98.09

MARKETS:
Mixed day on Wall Street
Stocks struggle in choppy session as investors consider inflationary
risks after Bernanke's speech. Oil drops more than $3 a barrel, but
remains high.

U.S. stocks end mostly lower on oil, Fed worries

Date: Tue, 10 Jun 2008 17:04:33 -0400
U.S. stocks end mostly lower on oil, Fed worries

U.S. stocks end a volatile session most lower, tracking gyrations in
crude oil prices, while remarks by Federal Reserve Chairman Ben Bernanke
revive expectations of a possible interest-rate hike to contain
inflation.

Calls increase for big brokers to be regulated like banks

Big brokerage firms like Goldman Sachs, Lehman Brothers and Morgan
Stanley are facing increasing calls this week that they should be
regulated the same way as banks because they're so important to the
health of the world's financial system.

Fed watchers say Fed's on hold and not itching to hike

Fed watchers attending the Boston Fed's annual conference on Cape Cod
think financial markets are just too stressed out about the Fed.

Wall Street likes new iPhone despite worries for iPod

A day after Apple Inc. unveiled a new, 3G version of the iPhone and
drastically cut the price of the device, industry analysts generally
believe the moves will make the company more of a mainstream player in
the mobile phone market.

Mid-Atlantic power prices triple on heat waves, natural gas

Wholesale spot prices for power in the mid-Atlantic States nearly have
tripled this month to a level much higher than retail prices, with
strong heat waves pushing up electricity demand and generation costs
increasing from costlier natural gas.

Oil drops more than $3 - second-straight decline - as dollar toughens up and a report indicates OPEC has increased output.

Date: Tue, 10 Jun 2008 14:54:03 -0400

Oil drops more than $3 - second-straight decline - as dollar toughens up
and a report indicates OPEC has increased output.

Dow closes slightly higher after volatile session as dollar gains, oil retreats

Date: Tue, 10 Jun 2008 16:06:22 -0400

Dow closes slightly higher after volatile session as dollar gains, oil
retreats
6/10/2008 4:03:10 PM

Stocks fall as inflation concerns and Fed rate worries trip up investors. Oil, gasoline prices rise again.

Date: Tue, 10 Jun 2008 09:32:08 -0400

Stocks fall as inflation concerns and Fed rate worries trip up
investors. Oil, gasoline prices rise again.

CEOs value lessons from teen jobs

Date: Tue, 10 Jun 2008 06:18:32 -0500

NEWS

China denies hacking U.S. government computer
---------------------------------------------
China on Friday denied allegations that its operatives secretly copied
the contents of a U.S. government laptop computer and used the data to
try to hack into Commerce Department computers.

Alleged 9/11 mastermind goes to court
---------------------------------------------
Khalid Sheikh Mohammed said Thursday that he would embrace the death
penalty for his role in planning the 9/11 terrorist attacks that killed
nearly 3,000 people. He said he has hoped to become a martyr throughout
his five years in U.S. detention.

Pop culture tests Afghan conservatism
---------------------------------------------
In Afghanistan, dozens of new TV stations, newspapers and magazines are
proliferating and challenging the limits of what is acceptable.

MONEY

When is it time to throw in the towel?
---------------------------------------------
No matter which way you lean politically, watching Hillary Rodham
Clinton's almost-endless battle to become the Democratic presidential
nominee might remind you of an important question for all of us,
especially entrepreneurs: When is it time to throw in the towel?

CEOs value lessons from teen jobs
---------------------------------------------
A large portion of the next generation of corporate leaders is likely to
miss potential lessons of a teen's first summer job as they skip
flipping burgers, washing cars, waiting tables, bagging groceries or
other menial jobs that today's CEOs say had an influence on them.

U.S. trade gap expanded to $60.9 billion in April as huge jump in the price of oil overshadowed export growth.

Date: Tue, 10 Jun 2008 08:33:03 -0400

U.S. trade gap expanded to $60.9 billion in April as huge jump in the
price of oil overshadowed export growth.

Markets Monday, 06/9/2008

Monday, 6/9/2008

| Dow : 12280.32 up 70.51

| S & P : 1361.76 up 1.08

| NASDAQ: 2459.46 down 15.10

|Bond (10Y): 3.99%, 98.91

MARKETS:
Dow rises, but Nasdaq stays down
Wall Street sees a choppy session as investors consider Apple, Lehman,
falling oil prices and some cautious comments from Fed officials.

U.S. stocks end mostly higher as crude oil slides 3%

Date: Mon, 09 Jun 2008 17:04:43 -0400
U.S. stocks end mostly higher as crude oil slides 3%

Stocks struggle to hang onto gains, with financial shares weighed down
with concerns over Lehman Brothers offsetting relief over oil prices,
which are backing off from record highs.

Apple debuts new 3G iPhone in push for mainstream

Looking to capitalize on the momentum it has so far generated with the
iPhone, Apple unveils a new 3G version of the device that runs on faster
networks.

The Fed: N.Y. Fed's Geithner backs moves easing the credit crunch

The Federal Reserve should have more options to relieve a liquidity
squeeze, the head of the New York Fed says, offering support for the
central bank's recently criticized moves to shore up the financial
system.

Futures Movers: Crude futures close 3% below recent record levels

Energy prices pull back in the wake of crude oil's benchmark contract
making its unprecedented surge of nearly $11 a barrel in the previous
session.

Lehman Brothers to raise $6 billion in capital; shares plunge

Lehman Brothers says it will report a quarterly loss for the first time
since going public and sets plans to raise $6 billion in capital. Shares
of the Wall Street investment bank come under heavy selling pressure.

Barack Obama, presumptive Democratic nominee, calls for Congress to inject $50 billion into economy to counter downturn.

Date: Mon, 9 Jun 2008 13:15:23 -0400

Barack Obama, presumptive Democratic nominee, calls for Congress to
inject $50 billion into economy to counter downturn.

Pending home sales in April rose 6.3%, from March, but fell 13.1% from last year, according to a Realtor trade group.

Date: Mon, 9 Jun 2008 10:01:05 -0400

Pending home sales in April rose 6.3%, from March, but fell 13.1% from
last year, according to a Realtor trade group.

U.S. stocks mostly rise after Friday slide

Date: Mon, 09 Jun 2008 12:03:29 -0400
U.S. stocks mostly rise after Friday slide

U.S. stocks are trading mostly higher, rebounding from a sell-off last
week, as a steep drop in crude oil prices and an upbeat index on pending
home sales provide some degree of relief to investors worried that
surging oil prices will further weaken an already fragile economy.

Futures Movers: Crude futures fall as much as 2% from record levels

Energy prices pull back in the wake of crude oil's benchmark contract
making its unprecedented surge of nearly $11 a barrel in the previous
session.

Lehman to raise $6 billion in capital; $2.8 billion loss seen

Lehman Brothers says will report a quarterly loss for the first time
since going public and sets plans to raise $6 billion in capital.

Bond Report: Treasurys decline as inflation fears come to forefront

Treasury prices dip, pushing yields higher, amid further concern that
accelerating inflation will pressure central bankers to raise interest
rates.

Pier 1 offers to buy Cost Plus for about $88 million in stock

Pier 1 Imports offers to buy Cost Plus Inc. for $4 a share, a
prospective deal that would shore up the market position of the
home-furnishings retailers.

Unemployment is likely to continue to rise as companies cut more jobs, the Conference Board says.

Date: Mon, 9 Jun 2008 10:05:07 -0400

Unemployment is likely to continue to rise as companies cut more jobs,
the Conference Board says.

Stocks rise at the open as Wall Street fights for gains following the Dow's 400 point bloodletting on Friday.

Date: Mon, 9 Jun 2008 09:31:03 -0400

Stocks rise at the open as Wall Street fights for gains following the
Dow's 400 point bloodletting on Friday.