Saturday, May 15, 2010

International Headlines

Date: Sat, 15 May 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 16 May, 2010

> DEATH TOLL CLIMBS IN BANGKOK AS THAI PM WARNS OF CIVIL WAR
At least eight people are dead amid continuing unrest in Bangkok
on Saturday as Thai Prime Minister Abhisit Vejjajiva accuses
protesters of attempting to foment civil war.

> UK AIRPORTS FACE NEW ASH CLOUD CLOSURES
Volcanic ash may force British airports to close again next
week, the country's Department of Transport said Saturday.

> DEATH PENALTY FOR CHINA SCHOOL ATTACKER
A court in eastern China sentenced a man to death Saturday for
attacking 29 kindergarten students and three teachers with a
knife, state-run media said.

> DISPERSANTS TO BE USED TO FIGHT OIL SPILL
The Coast Guard and the Environmental Protection Agency planned
a new tactic Saturday against the massive oil leak in the Gulf
of Mexico, authorizing BP to use oil dispersants.

> 'D.C. FIVE' APPEAR IN COURT IN PAKISTAN
Five Pakistani-Americans on trial in Pakistan on terrorism
charges appeared at a brief hearing Saturday, but did not face
the detailed questioning they had expected.

> NEW UK GOVERNMENT TO HOLD BA TALKS
Britain's new transport secretary plans talks Monday with
British Airways and the union representing its cabin crews to
try to avert a series of four planned strikes.

> BOY SURVIVOR OF LIBYA CRASH BACK HOME
Ruben van Assouw, the 9-year-old sole survivor of the plane
crash that killed 103 people in Libya, returned home to the
Netherlands on Saturday, the Dutch foreign ministry said.

> ACTRESS: POLANSKI ABUSED ME AT AGE 16
A British actress says she was sexually abused by Roman Polanski
when she was 16, after she was cast in a Polanski film in Paris,
France.

BUSINESS
~~~~~~~~~~~
> BATTLE FOR BANGKOK HITS ECONOMY
The economy of Thailand -- whose growth this year so far has
belied its political ails -- is now seeing more of a direct
impact as protests grow increasingly violent.

> EXCLUSIVE: JAILED BILLIONAIRE SPEAKS FROM CELL
Russia's most famous prisoner, and once its richest citizen,
says the latest corruption charges against him are designed to
prevent his release from jail.

> EUROPE ENTERS ERA OF BELT-TIGHTENING
Amid cries of outrage and expressions of disbelief, a new age of
austerity has arrived in Europe.

Friday, May 14, 2010

International Headlines

Date: Fri, 14 May 2010 20:02:09 -0400
>TOP STORIES as of 0800 HKT -- 15 May, 2010

> SEVEN DEAD AS BANGKOK VIOLENCE INTENSIFIES
Violence erupts in Bangkok with reports of at least seven deaths
amid gunfire and explosions and an opposition leader in a
critical condition after being shot in the neck.

> EXCLUSIVE: BILLIONAIRE HITS OUT FROM CELL
Russia's most famous prisoner, and once its richest citizen,
says the latest corruption charges against him are designed to
prevent his release from jail.

> BOY SURVIVOR OF LIBYA CRASH GOING HOME
The 9-year-old boy who was the lone survivor of a plane crash
that killed 103 people in Libya is in stable condition and
talking with family members, the Dutch foreign ministry said
Friday.

> TOP SPANISH JUDGE SUSPENDED
Spain's judicial authority on Friday suspended a high-profile
judge who already faces trial for alleged abuse of power.

> VOTE RECOUNT COULD HURT IRAQI PM
The manual recount of the Baghdad votes from Iraq's March
general election has been completed, and it's not good news for
Prime Minister Nuri al-Maliki.

> BP IN NEW BID TO STEM OIL LEAK
A U.S. congressman said he will launch a formal inquiry Friday
into how much oil is gushing into the Gulf of Mexico after
learning of independent estimates that are significantly higher
than the amount BP officials have provided.

> VOLCANIC ASH SHUTS DOWN ICELAND AIRPORT
Volcanic ash forced the closing of Iceland's main airport
Friday.

> 28 WEDDING GUESTS ELECTROCUTED IN INDIA
Twenty-eight wedding guests were electrocuted Friday as an
overhead cable came in contact with their bus in central India,
police said.


BUSINESS
~~~~~~~~~~~

> BATTLE FOR BANGKOK HITS ECONOMY
The economy of Thailand -- whose growth this year so far has
belied its political ails -- is now seeing more of a direct
impact as protests grow increasingly violent.

> EUROPE ENTERS ERA OF BELT-TIGHTENING
Amid cries of outrage and expressions of disbelief, a new age of
austerity has arrived in Europe.

> 'MONEY NEVER SLEEPS' - FOR SEQUELS
"Wall Street: Money Never Sleeps" has an appropriate subject for
a sequel: money.The movie continues a sturdy Hollywood tradition
-- extending stories and characters in search of a bigger bottom
line.

Markets, Friday, 05/14/2010

Date: Fri, 14 May 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,620.16 down 162.79 | S & P: 1,135.68 down 21.76
|
| NASDAQ: 2,346.85 down 47.51 | Bond (10Y): 3.44% down 0.122
|---------------------------------------------------------------------------|

MARKETS:
Stocks take a hit
Market tumbles as concerns about Europe and the global economy send
the euro lower. But major indexes end higher for the week.

Stocks end sharply lower on European worries. Dow drops 159 points, but all 3 leading indexes finish higher for the week.

Date: Fri, 14 May 2010 16:01:07 -0400

Stocks end sharply lower on European worries. Dow drops 159 points,
but all 3 leading indexes finish higher for the week.

Dow sinks more than 200 points as worries about European debt deepen and euro hits 18-month lows. Nasdaq, S&P 500 fall over 2%.

Date: Fri, 14 May 2010 12:06:04 -0400

Dow sinks more than 200 points as worries about European debt deepen
and euro hits 18-month lows. Nasdaq, S&P 500 fall over 2%.

U.S. stocks decline sharply; EU debt weighs

Date: Fri, 14 May 2010 12:00:58 -0400

U.S.STOCKS DECLINE SHARPLY; EU DEBT WEIGHS
U.S. stocks slide as worries mount over Europe's ability to ease its
debt burdens and investors seek safer assets.

THE SECOND DEBT STORM HITS NATIONS
The financial crisis never really went away. The debt mountain that
brought down some of the world's biggest banks and dragged the
international financial system to the brink of disaster has simply
shifted to governments.

NEGATIVE CORE INFLATION IN SPAIN ADDS TO PRESSURE
Negative turn in core inflation for Spain spooks markets there.
Headline inflation, which includes food and energy prices, rises.

NOW IT'S PORTUGAL'S TURN FOR AUSTERITY MEASURES
Following on Spain's heels, the government in Portugal reportedly
reaches agreement on austerity steps aimed at slicing 2 billion euros
off the nation's 2010 budget deficit.

EUROPE AID PACKAGE BOOSTS BONDS, NOT EURO
Efforts by the European Union to put a halt to a financial market
crisis stop a steep drop in government bond prices, but do little to
shore up the value of the euro.

BP tries to siphon off spill, top hat awaits

Date: 14 MAY 2010 14:41:24 GMT

BP mounts new efforts to slow down if not stanch the oil spill that
began on April 22, when the Deepwater Horizon rig sank about 50 miles
off the coast of Louisiana two days after a deadly explosion and
spectacular fire.

Energy: BP oil leak worse than previously thought

Date: 14 MAY 2010 06:19:02 GMT

Scientists and environmentalists reportedly believe the U.S.
government's estimate of the oil flow from the leaking Deepwater
Horizon rig in the Gulf of Mexico is unrealistically low.

Retail sales rise 0.4% in April, U.S. says - better than economists expected.

Date: Fri, 14 May 2010 08:34:07 -0400

Retail sales rise 0.4% in April, U.S. says - better than economists expected.

Stocks selloff intensifies in first 15 minutes of trading. Dow sinks more than 150 points, Nasdaq and S&P 500 tumble over 1.5%.

Date: Fri, 14 May 2010 09:51:04 -0400

Stocks selloff intensifies in first 15 minutes of trading. Dow sinks
more than 150 points, Nasdaq and S&P 500 tumble over 1.5%.

Stocks open lower as investors remain worried about the global economy. Dow falls 61 points, Nasdaq slides nearly 1%.

Date: Fri, 14 May 2010 09:33:05 -0400

Stocks open lower as investors remain worried about the global
economy. Dow falls 61 points, Nasdaq slides nearly 1%.

Thursday, May 13, 2010

International Headlines

Date: Thu, 13 May 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 14 May, 2010

> RED SHIRT LEADER SHOT IN HEAD WHILE GIVING INTERVIEW
One of the more radical leaders in Thailand's wide-ranging
protest movement, Maj. Gen. Khattiya Sawasdipol, is in critical
condition after being shot.

> BP HOPES PIPE WILL CAPTURE SPEWING OIL
Oil company BP will attempt to insert a new section of pipe into
the riser of its damaged undersea well to capture the gusher of
crude now spewing into the Gulf of Mexico, a company spokesman
said Thursday.

> 70 DUTCH VICTIMS IN LIBYAN PLANE CRASH
Seventy Dutch passengers were among the 103 people killed in the
Libya plane crash in which an 8-year-old boy was the sole
survivor, the Dutch Foreign Ministry said Thursday.

> PROSECUTOR WANTS FOR U.S. MISSIONARY
A Haitian prosecutor Thursday asked for a six-month prison
sentence for an American missionary accused of trying to take
nearly three dozen children out of the country after a
devastating and deadly earthquake in January.

> THREE HELD IN NEW YORK BOMB PLOT
Authorities were searching several locations in the Northeast on
Thursday and have detained two people in the investigation of
the failed Times Square car bombing, an FBI spokeswoman said.

> RUSSIA: 3 IN SUBWAY BOMBS GROUP KILLED
Russian security officials have killed three members of a
criminal group behind the March 29 bombings on the Moscow
subway, Federal Security Service chief Alexander Bortnikov told
the RIA-Novosti news agency Thursday.

> WORKERS KILLED IN DAGESTAN BOMBING
Eight police officers are feared dead in an attack on a police
convoy in the Russian republic of Dagestan on Thursday, the
Interfax news agency reported.

> RUSSIA-HAMAS TALKS 'DISAPPOINTS' ISRAEL
Israel expressed "deep disappointment" Thursday over a meeting
the Russian president held this week in Syria with exiled Hamas
leader Khaled Meshaal.

BUSINESS
~~~~~~~~~~~
> MICROSOFT JOINS CLOUD SOFTWARE BATTLE
Microsoft made a major leap skywards this week with the release
of a cloud-based version of its Office software to businesses
called Office Web Apps.

> UK HALTS USE OF 'DIRTY' 500-EURO NOTES
The 500-euro note is no longer available in Britain after
evidence showed it was used mostly by criminals, British
authorities said Thursday.

Markets, Thursday, 05/13/2010

Date: Thu, 13 May 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
|Dow : 10,782.95 down 113.96 | S & P : 1,157.44 down 14.23 |
|NASDAQ: 2,394.36 down 30.66 | Bond (10Y): 3.56% down 0.003
|---------------------------------------------------------------------------|

MARKETS:
Stocks finish lower
Investors try to find their footing after the recent rally.Weaker oil
and gold prices and a widening investigation into banks in focus.

Stocks end lower as investors remain wary about the global economy. Dow slides 117 points, Nasdaq and S&P lose 1.2%.

Date: Thu, 13 May 2010 16:01:07 -0400

Stocks end lower as investors remain wary about the global economy.
Dow slides 117 points, Nasdaq and S&P lose 1.2%.

Apple sets trend as Silicon Valley hoards its cash

Date: Thu, 13 May 2010 12:00:58 -0400

APPLE SETS TREND AS SILICON VALLEY HOARDS ITS CASH
Though companies like Apple, Cisco and Microsoft have vastly different
business models and skill sets, they have all become particularly
adept at one activity: printing money.

BP RELEASES SUBSEA VIDEO AS COSTS REACH $450 MLN
BP's cost estimate for the oil spill in the Gulf of Mexico gushed to
$450 million on Wednesday, after the oil company released its first
subsea video of the accident showing oil and natural gas shooting out
of the broken pipe a mile under the ocean.

BP DROPS 'TOP HAT' PLUG INTO WATER
A two-ton "top hat" plug built by BP was lowered into the water on
Wednesday to attempt to cap off the oil leak in the Gulf of Mexico in
the next couple of days.

TECHS TRADE SIDEWAY AS CISCO SHARES FALL
Technology stocks trade flat in early morning activity, as shares of
Cisco Systems decline sharply after the technology giant reports a
disappointing outlook.

SAP DRAWS MIXED REVIEWS FOR SYBASE ACQUISITION
SAP AG draws mixed reviews from Wall Street analysts Thursday for the
company's plan to purchase business software vendor Sybase Inc. for
$5.8 billion in cash.

Stocks open lower; Dow slides 26 points.

Date: Thu, 13 May 2010 09:32:06 -0400

Stocks open lower as investors take a step back and digest the latest
reading on jobless claims. Dow slides 26 points.

Number of people filing for first-time unemployment benefits falls 4,000 to 444,000, government says.

Date: Thu, 13 May 2010 08:33:08 -0400

Number of people filing for first-time unemployment benefits falls
4,000 to 444,000, government says.

Wednesday, May 12, 2010

International Headlines

Date: Wed, 12 May 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 13 May, 2010

> CHILD IS LONE SURVIVOR IN LIBYA PLANE CRASH
An 8-year-old Dutch boy is the sole survivor of a deadly plane
crash in Libya that has killed more than 100 people, airline
officials have said.

> OBAMA, KARZAI DOWNPLAY TENSIONS
U.S. President Barack Obama will welcome Afghan President Hamid
Karzai to the White House Wednesday for a second day of
partnership talks.

> BP KNEW OF PROBLEMS
BP knew of problems with an offshore well hours before it
exploded last month, spilling oil into the Gulf of Mexico, a
House panel chairman said. CNNMoney.com reports.

> FIVE DEAD IN INDONESIAN TERROR RAIDS
Indonesian police killed five suspected terrorists and captured
a sixth in a pair of raids in Jakarta and a nearby town, a
police spokesman said Wednesday.

> UK PM CAMERON NAMES NEW MINISTERS
New British Prime Minister David Cameron and deputy PM Nick
Clegg arrive at Downing Street to finalize details of the UK's
first coalition government in 65 years.

> MEAT CLEAVER USED IN SCHOOL ATTACK
At least six children and a teacher were killed, and at least 20
people wounded, after an attack at a kindergarten in northwest
China, local media reports.

> PAKISTAN BOMB ATTACKS CLAIM FOUR
Bomb attacks in Pakistan killed four young people Wednesday,
police said.

> U.S. PROPOSES MEDAL FOR RESTRAINT
U.S. and NATO troops in Afghanistan could someday be awarded
medals for restraint that prevents civilian casualties in
combat.

BUSINESS
~~~~~~~~~~~

> IMF HEAD CALLS FOR EUROZONE REFORM
Eurozone nations should take a big step towards integration with
a new system of cross-border budgetary co-ordination, according
to the head of the International Monetary Fund.

> GERMAN GROWTH LIFTS EUROZONE PROSPECTS
Germany's economy performed significantly better than expected
in the first quarter of this year, helping lift prospects for
the 16-country eurozone, despite the crisis over public
finances.

> GOLD HITS ALL-TIME HIGH
Gold prices hit an all-time high as demand surged to the highest
level since the collapse of Lehman Brothers in 2008 amid
volatile financial markets in Europe.

Markets, Wednesday, 05/12/2010

Date: Wed, 12 May 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,896.91 up 148.65 | S & P : 1,171.67 up 15.88
|
| NASDAQ: 2,425.02 up 49.71 | Bond (10Y): 3.57% up 0.032
|---------------------------------------------------------------------------|


MARKETS:
Stocks gain as European fears fade
Markets advance as investors refocus on domestic economy and corporate
earnings. Tech and industrial stocks lead the pack.

U.S. runs $82.7 billion deficit in April, only the third shortfall in 30 years during the month when tax returns are collected.

Date: Wed, 12 May 2010 14:05:06 -0400

U.S. runs $82.7 billion deficit in April, only the third shortfall in
30 years during the month when tax returns are collected.

Recovery fears push gold to all-time record

Date: Wed, 12 May 2010 12:01:00 -0400

RECOVERY FEARS PUSH GOLD TO ALL-TIME RECORD
Gold futures surge to a fresh all-time record on Wednesday, as
nervousness surrounding the European rescue package and its effects in
the global economy boil over.

EU PACKAGE SUCCESS ONLY IF WAGES CUT: STRATEGIST
Whether the European Union financial stability package is successful
will be determined by the ability of some of the troubled euro-zone
nations to enact wage cuts, a hedge fund strategist said Wednesday.

EURO-ZONE GDP GROWS, BUT MOMENTUM QUESTIONED
Germany's economy unexpectedly grows in the first quarter compared
with the last three months of 2009, signaling that the recovery in
Europe's biggest economy remains on track.

SPAIN OUTLINES 5% WAGE CUT TO SLASH DEFICIT
Spain announces a series of measures to shrink its deficit, responding
to pressure from the European Union and financial markets to do more
to remedy its finances.

DEVELOPED MARKETS BECOMING MORE LIKE EMERGING
Developed market price swings could become more like those seen in
emerging markets owing to the credit crunch and the current sovereign
debt crisis, according to a leading quantitative analyst.

Energy: White House aims to raise oil firms' liability cap

Date: 12 MAY 2010 14:51:48 GMT

Liability for catastrophic events would increase under legislation
being sent by the White House to Capitol Hill as the Obama
administration continues to respond to the disastrous oil spill in the
Gulf of Mexico.

Energy: Energy stocks rise; Cameron up 5.5%

Date: 12 MAY 2010 14:21:39 GMT

Energy stocks rise on Wednesday ahead of weekly supply data from the
Energy Information Administration and as the Obama administration
readied a legislative proposal to address offshore oil drilling.

Breaking News Wed., May 12, 2010

Date: Wed, 12 May 2010 00:32:29 -0700 (PDT)

Report: Passenger Plane Crashes in Libya, 105 Dead [3:17 a.m. ET]

Morgan Stanley loses 5% of market value in premarket trades following investigation report

Date: Wed, 12 May 2010 08:52:55 -0400

Morgan Stanley loses 5% of market value in premarket trades following
investigation report
05/12/2010 08:51:10 AM EDT

Stocks open higher as investor jitters over European debt woes ease. Dow gains 35 points, Nasdaq, S&P 500 edge higher.

Date: Wed, 12 May 2010 09:33:05 -0400

Stocks open higher as investor jitters over European debt woes ease.
Dow gains 35 points, Nasdaq, S&P 500 edge higher.

Tuesday, May 11, 2010

International Headlines

Date: May 11, 2010 8:03 PM
>TOP STORIES as of 0800 HKT -- 12 May, 2010

> CAMERON IS NEW UK PRIME MINISTER; CLEGG NAMED DEPUTY
Conservative leader David Cameron is named Britain's new prime
minister and announces a coalition with the Liberal Democrats to
form "strong and stable government."

> OIL EXECS: SPILL NOT OUR FAULT
The three oil companies involved in the Gulf of Mexico spill are
blaming each other for the disaster that killed 11 workers,
CNNMoney reports.

> AQUINO HOLDS LEAD IN PHILIPPINE VOTE
Sen. Benigno Aquino III, the son of former Philippine president
Corazon Aquino, led contenders for the Philippines presidency
Tuesday, as authorities tabulated returns from the country's
national elections.

> MASS GRAVE TO BE EXHUMED IN SERBIA
Investigators are preparing to exhume a possible mass grave site
in Serbia where witnesses say the bodies of 250 ethnic Albanians
are buried, prosecutors said.

> 52 DEAD IN RUSSIAN MINE BLASTS
The death toll from a Russian coal mine accident has reached 52,
with 38 people still missing, the Russian Emergency Situations
Ministry said.

> ASH CLOUD CLOSES SPANISH AIRPORTS
Ash from an Icelandic volcano Tuesday shut down traffic at
airports from central Spain to the Canary Islands off the coast
of Africa, air traffic control authorities said.

> CLINTON OPENS KEY TALKS WITH KARZAI
Brushing recent public spats aside, the Obama administration
welcomed Hamid Karzai to Washington on Tuesday, opening a round of
partnership talks with the Afghan president.

> POPE: SEX ABUSE SCANDAL 'TERRIFYING'
Pope Benedict XVI made one of his strongest statements to date
on the sex abuse scandal sweeping the Roman Catholic Church,
saying Tuesday the reality he has seen is "terrifying.

BUSINESS
~~~~~~~~~~~

> TOYOTA REPORTS A RETURN TO PROFITS
Toyota reported an annual profit of 209 billion yen ($2.2
billion) in the year ending in March, the Japanese automaker
announced on Tuesday.l

> MARKETS SURGE ON EUROZONE RESCUE PLAN
Financial markets across the globe surged while the euro
strengthened against the dollar Monday, a day after Europe's
finance ministers approved a huge rescue package aimed at
stabilizing the eurozone.

> GOLDMAN, JPMORGAN PROFITS SOAR
The trading operations of Goldman Sachs and JPMorgan Chase made money
every single business day in the first quarter, a feat
that was a first for the companies and underlines the boom in
Wall Street's investment banking revenues.

Markets, Tuesday, 05/11/2010

Date: Tue, 11 May 2010 17:31:03 -0400

|---------------------------------------------------------------------------|
| Dow : 10,748.26 down 36.88 | S & P : 1,155.79 down 3.94 |
| NASDAQ: 2,375.31 up 0.64 | Bond (10Y): 3.54% down 0.004
|----------------------------------------------------------------------------|

MARKETS:
Stocks seesaw in volatile trade
Market struggles after Monday's gains as investors consider the Europe
bailout in the aftermath of last week's plunge.

Breaking News Tue., May 11, 2010

Date: Tue, 11 May 2010 11:39:12 -0700 (PDT)

British Prime Minister Gordon Brown to Resign [2:27 p.m. ET]

Breaking News Tue., May 11, 2010

Date: Tue, 11 May 2010 12:46:50 -0700 (PDT)

Conservative Leader David Cameron Is Britain's New Prime Minister
Following Meeting With the Queen [3:36 p.m. ET]

Dow ends down 35 points; Nasdaq flat; S&P drifts down.

Date: Tue, 11 May 2010 16:02:07 -0400

Stocks end mixed as investors remain anxious about European debt. Dow
ends down 35 points; Nasdaq flat; S&P drifts down.

Gold hits five-month highs as EU plan questioned

Date: Tue, 11 May 2010 12:01:00 -0400

GOLD HITS FIVE-MONTH HIGHS AS EU PLAN QUESTIONED
Gold futures Tuesday climb to five-month highs as investors consider
the implications of the European Union's rescue package and its impact
on Europe's common currency.

CHINA ANALYST SEES UNFOLDING CREDIT BUST
China's economy is teetering on the edge of a major slowdown, though
it's a collapse in credit rather than soaring real-estate prices that
will lead to distress, China strategist David Roche says.

CHINESE DATA ADD TO CASE FOR RATE HIKE
China's inflation rate accelerates in April, as consumer and producer
prices beat estimates, while data also show bank lending gathering
pace, raising odds for a rate hike and appreciation of the yuan.

OIL FUTURES BACK ABOVE $77
Oil futures shed earlier losses to rise above $77 a barrel on Tuesday,
extending gains from the previous session, as skepticism over Europe's
$1 trillion rescue plan faded somewhat, pulling the dollar off earlier
highs.

TUESDAY'S BIGGEST GAINING AND DECLINING STOCKS
Among the companies whose shares are seeing active trade in Tuesday's
session are Cirrus, Fossil and Priceline.

Stocks open lower as investors continue to worry about Europe's debt problems. Dow slides 80 points, Nasdaq slips 1%.

Date: Tue, 11 May 2010 09:32:03 -0400

Stocks open lower as investors continue to worry about Europe's debt
problems. Dow slides 80 points, Nasdaq slips 1%.

International Headlines

Date: Mon, 10 May 2010 20:02:06 -0400
>TOP STORIES as of 0800 HKT -- 11 May, 2010

> GLOBAL MARKETS SURGE ON EUROZONE BAILOUT
Wall Street has closed up almost 4 percent as markets across the
world surged after EU leaders announced a major global rescue
package to stabilize the eurozone.

> BROWN STEPPING DOWN AS LABOUR LEADER
UK Prime Minister Gordon Brown says he will step down after his
party was defeated in parliamentary elections last week.

> NY BOMBER 'WENT TO PAKISTAN FOR HELP'
When Times Square suspect Faisal Shahzad last traveled to
Pakistan, he was looking for help from the Pakistani Taliban in
carrying out a bomb attack, a senior administration official
said Monday.

> 4 WEEKS OF STRIKES TO HIT BRITISH AIRWAYS
British Airways cabin crews will go on strike for 20 days
between May 18 and June 9, the union that represents them said
Monday.

> DOZENS DEAD, SCORES HURT IN IRAQ ATTACKS
A wave of shootings and bombings targeting security forces left
at least 22 people dead and more than 70 wounded in Iraq Monday.

> EX-PRESIDENT'S SON LEADS PHILIPPINE VOTE
The Philippines extended voting time by an hour Monday, as
crowds flocked to polling stations in the country's first
automated national elections.

> BP: TWIN EFFORTS TO STOP OIL GUSH
BP is working "parallel paths" to fix an oil well blowout that
is dumping 210,000 gallons of crude into the Gulf of Mexico a
day, the energy company's chief operating officer said Monday.

> TIGER: INJURY NOT RELATED TO CAR CRASH
Tiger Woods has denied speculation that his neck injury is in
any way related to the car crash last November that sparked the
scandal over his marital infidelities.


BUSINESS
~~~~~~~~~~~
> IMF APPROVES $40B LOAN FOR GREECE
The International Monetary Fund on Sunday approved a 30 billion
euro ($38.6 billion) loan for Greece as part of a larger
European Union-led effort to help ease the country's economic
crisis.

> AL FAYED TO SELL ICONIC LONDON STORE
Mohamed al Fayed, whose son died in the car crash that killed
Princess Diana, has sold the iconic British department store
Harrods, the advisers to the sale announced Saturday.

> EU LEADERS SEEK TO CALM MARKETS
European Union leaders on Saturday called for a "stabilization
mechanism" in hopes of easing markets shaken by the Greek
economic crisis before they re-open Monday.

Monday, May 10, 2010

Markets, Monday, 05/10/2010

Date: Mon, 10 May 2010 17:31:08 -0400

|---------------------------------------------------------------------------|
| Dow : 10,785.14 up 404.71 | S & P : 1,159.73 up 48.85
|
| NASDAQ: 2,374.67 up 109.03 | Bond (10Y): 3.54% up 0.110
|---------------------------------------------------------------------------|

MARKETS:
The panic is over. But for how long?
Sure, stocks surged Monday on hopes that a Europe crisis can be
avoided. But the events of the past week prove that it's going to be
tougher for stocks to keep climbing.

Dow soars 407 points, posting its biggest one-day gain in 13 months, on European rescue plan. Nasdaq, S&P both gain 4%.

Date: Mon, 10 May 2010 16:01:07 -0400

Dow soars 407 points, posting its biggest one-day gain in 13 months,
on European rescue plan. Nasdaq, S&P both gain 4%.

U.S. stock indexes surge on EU accord

Date: Mon, May 10, 2010 at 12:00 PM

U.S STOCK INDEXES SURGE ON EU ACCORD
U.S. stocks leapt at Monday's start, with the Dow average up more than 400 points in early trading, after European Union leaders agreed on a near $1 trillion rescue package and the Federal Reserve agreed to offer loans overseas as needed.  

JURY OUT ON LONG-TERM IMPACT OF E.U. RESCUE PLAN
 A $970 billion plan to address the euro-zone's sovereign debt crisis brought relief to troubled credit markets and sparked a rebound by the euro and banking shares Monday, but economists said it was too early to tell whether the measures would be enough.  

 CENTRAL BANKS REOPEN U.S.-DOLLAR SWAP LINES
 The Bank of Japan decides at an unscheduled meeting to reopen temporary U.S. dollar-liquidity swap facilities as part of coordinated global central bank efforts to maintain normal money-market function.  

IMF OKS GREECE LOAN AS EUROPE TRIES TO STEM CRISIS
 The executive board of the International Monetary Fund approves a three-year, $30 billion loan for Greece to help the debt-wracked country meet its obligations.  

WORLD GOVERNMENTS VOICE SUPPORT FOR EU MOVES
 Governments around the world voice support for the European Union's decision to create an unprecedented new loan program to stop the Greek debt crisis from hitting to other countries.  

Breaking News Mon., May 10, 2010

Date: Mon, May 10, 2010 at 10:17 AM

President Obama Nominates Solicitor General Elena Kagan to the Supreme Court [10:06 a.m. ET]

Dow industrials extend opening-bell gains -- up more than 400 points

Date: Mon, May 10, 2010 at 9:39 AM

BULLETIN: Dow industrials extend opening-bell gains -- up more than 400 points
05/10/2010 09:37:20 AM EDT

U.S. stock indexes leap at the open as European rescue reassures investors; Nasdaq up 103

Date: Mon, May 10, 2010 at 9:33 AM


BULLETIN: U.S. stock indexes leap at the open as European rescue reassures investors; Nasdaq up 103
05/10/2010 09:31:57 AM EDT

Breaking News Sun., May 9, 2010

Date: Sun, 09 May 2010 22:42:26 -0700 (PDT)

Lena Horne, Pioneering Singer and Actress, Has Died at 92 [1:30 a.m. ET]

Breaking News: Obama chooses Kagan for court

Date: Sun, 09 May 2010 22:03:38 -0600

An anonymous source tells the Associated Press that President Obama
will nominate Solicitor General Elena Kagan to the Supreme Court.

Sunday, May 09, 2010

International Headlines

Date: Sun, 9 May 2010 20:02:03 -0400
>TOP STORIES as of 0800 HKT -- 10 May, 2010

> IMF APPROVES LOAN FOR GREECE TO HELP EASE CRISIS
The International Monetary Fund has approved a $38.6 billion
loan for Greece as part of a larger European Union-led effort to
help ease the country's economic crisis.

> U.S. FEDS: SHAHZAD-TALIBAN LINK LIKELY
Faisal Shahzad, the suspect in the failed Times Square bombing,
was likely working with the Pakistan Taliban, U.S. President
Barack Obama's terrorism adviser says.

> UK LEADERS TRY TO RESOLVE VOTE DEADLOCK
Key figures from the UK's Conservative, pictured above, and
Liberal Democrats parties are in face-to-face talks to resolve a
national election that failed to yield an outright winner.

> OBAMA TROUBLED BY GREECE'S ECONOMY
The Greek crisis and the resulting global economic fallout point
to a new breed of non-state-based threats facing the world, U.S.
President Obama said.

> PLO AGREES TO INDIRECT TALKS WITH ISRAEL
Palestinian leaders have agreed to begin indirect peace talks
with Israel, a Palestinian official said Saturday.U.S. special
envoy George Mitchell, pictured above left, will broker the
talks.

> VOLCANIC ASH CLOUD DISRUPTS FLIGHTS
Ash spewing from an Icelandic volcano prompted flight
cancellations in parts of Europe again on Sunday.

> 11 DEAD, 64 TRAPPED IN RUSSIAN MINE
Hazardous conditions inside Russia's largest coal mine forced
officials to suspend efforts Sunday to rescue dozens of workers
trapped inside after a pair of explosions, the country's
Ministry for Emergency Situations said.

> TENNESSEE FLOODS DEATH TOLL AT 23
Severe storms and massive flooding last weekend killed 23 people
in Tennessee, state emergency management officials said.


BUSINESS
~~~~~~~~~~~

> AL FAYED TO SELL ICONIC LONDON STORE
Mohamed al Fayed, whose son died in the car crash that killed
Princess Diana, has sold the iconic British department store
Harrods, the advisers to the sale announced Saturday.

> EU LEADERS SEEK TO CALM MARKETS
European Union leaders on Saturday called for a "stabilization
mechanism" in hopes of easing markets shaken by the Greek
economic crisis before they re-open Monday.

> WALL STREET STOCKS FALL AGAIN
The selloff resumed Friday as investors remained jittery
following one of the most gut-churning days in Wall Street
history.