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Thursday, May 28, 2009

Goodbye Roh Moo Hyun

South Korea bids goodbye to Roh Moo Hyun in public funeral. (Asia Confidential)

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GM Bankruptcy

GM said plan June 1 bankruptcy as bondholders' bank new offer. (Asia Confidential)

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PROTOTYPE

An all-new, third-person open-world/action game, PROTOTYPE lets gamers feel the power of being the ultimate shape-shifting weapon.

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King Of Fighters 12

Brought to you by SNK PLAYMORE and Ignition Entertainment by way SCEA, KOFXII is the latest in this popular fighting game series for the PS3 console.

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Bennett's Currency Picks

Analysis and discussion with Patrick Bennett of Societe Generale Currency Strategist. He talks about currency performance. (The Bloomberg Edge)

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Asian Stock Market

The Asian index is up about 4%. Oil companies rise after crude climbs to a six-month high that follows OPEC's decision to keep output unchanged. (The Bloomberg Edge)

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Emerging Market Stocks

Emerging markets give lower risk than U.S. stocks. (The Bloomberg Edge)

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New York's Newest Ballpark

The opening night at New York's newest ballpark doesn't have luxury boxes or fancy restaurants. As Jim Axelrod reports, it was built for kids, by some adults who created a true diamond in the rough.

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Delaying Children's Healthcare

In a CBS News poll, one out of 10 people said they delayed medical or dental care for their children. Kelly Cobiella continues our series, in partnership with USA Today, "Children of the Recession."

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North Korea Nightmare

North Korea followed up its nuclear test with war-like threats. The U.S. is unaware what the North Koreans want, but chances are, they're trying to test the Obama administration. David Martin reports

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Hospital Dying For Cash

The Beth Israel Deaconess Medical Center in Boston made its name by caring for its patients, but now they're caring for each other after a $20 million deficit. Richard Schlesinger reports.

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Gains In Metals

Analysis and discussion with Alex Passmore of Paterson Securities Head of Metals & Mining. He discusses about precious metals values. (The Bloomberg Edge)

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Soldiers Suicides Skyrocket

A disturbing number of soldiers are committing suicide at Fort Campbell, Ky., and army commanders are baffled as to why. The base was put on stand down to focus on suicide prevention. Don Teague reports.

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Driving A Hard Bargain

The government released a roadmap for a GM bankruptcy, laying out a plan that gives the government a 72 percent stake in the new GM. The government is driving a hard bargain. Anthony Mason reports.

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GM Ruining Lives

GM workers are being asked to agree to more sweeping reductions in retiree benefits. Current workers will see no cost of living adjustments and no performance bonuses. Cynthia Bowers reports.

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Currencies Growth Story

The Brazilian Real has been the best performer globally; it is up to 16% year to date. (The Trade)

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Swine Flu Spreading

Singapore confirms first case of Swine flu. (The Trade)

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S&P Outlook

John Bogle says stocks may take 10 years to reach new records. (The Trade)

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Currency Trend

The currency fell initially on a C.T.I numbers which suggested a possible prolonged state of deflation for the Japanese economy and that B.O.J may actually take longer to exit its very accommodative monetary policy. (The Trade)

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Trading In Tokyo

Report and analysis with Rocky Swift of Bloomberg News. He talks about the market movers in Tokyo. (The Trade)

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Australia's Bull Market Rally

The ASX is up more than 20% since it hits a low in March and that's the technical definition of a bull run which means investors want to buy into the big caps at lower valuations. (The Trade)

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Notebook- Prom

Katie Couric speaks about prom. Everyone has specific memories about their prom, for Katie it was dancing to 'stairway to heaven'. These days, however, prom committee's are cutting costs.

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Newsbreak- GM Set For June 1st Bankruptcy

GM to file for bankruptcy, fatal explosions in Pakistan, singer Chris Brown on defense

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Obama meets with Abbas

Obama meets with Abbas

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U.S. Soldiers On Alert

Thousands of U.S. soldiers are on alert following threats of military strikes from North Korea. The nation continues to shrug off international outrage about its nuclear program. Joel Brown reports.

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inFAMOUS

Exclusive for the PS3, "inFAMOUS" is first person action adventure game from SCEA's renowned Sucker Punch Productions.

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Spotlight - Infosys Technologies

Exclusive Interview with CEO/Co-Founder Senapathy Gopalakrishnan (Taking Stock)

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Spotlight - Betsson AB

Online Gambling - Interview with CEO Pontus Lindwall (Taking Stock)

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U.S. Wild About Harry

Prince Harry will visit the U.S. for a charity event to raise money for AIDS orphans in Africa. Elizabeth Palmer reports.

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Tex-Mex Fish Tacos

Grilling champ Bobby Flay demonstrates how to grill fish steaks like tuna and swordfish that can be used for tex-mex style cooking such as tacos.

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New Yorker Cover Via iPhone

An iPhone application called Brushes was used to create this week's New Yorker magazine cover. The magazine has featured iconic drawings on its cover for close to a century.

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Sector Focus - Banking

Future of the U.S. Banking System - Interview with Richard Bove of Rochdale Securities (Taking Stock)

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Last Minute Negotiations At GM

Bondholders may prevent GM from filing for bankruptcy in last minute negotiations. But, as Jill Schlesinger reports, bondholders may opt to take their chances in court.

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Inside Look - Executive Pay at Financial Companies

An In-Depth Look at "The Finance 50"; Further Analysis and Discussion with Columbia University Professor John Coffee (Bloomberg News)

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Market Movers - Novell, Marvell Technology, Esterline

Novell Beats on Profit Front, Misses on Revenue Front; Marvell Beats Estimates, Sees Improvement in Order Pattern; Esterline Lowers 2009 EPS Forecast (Bloomberg News)

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Gibbs and Takes 0528

Gibbs and takes 0528

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Inside Look - Green Shoots or No?

Roundtable Discussion Featuring Roger Kubarych of Unicredit Global Research and Richard Hoey of Bank of New York-Mellon (Bloomberg News)

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Earnings Watch - Dell

Dell Reports 1Q EPS - Act. Ex-Items $0.24 vs. Est. $0.23 (Bloomberg News)

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Market Close 5.28

Chrysler Chairman Says Sale of Assets to Fiat Could Happen as Early as Tomorrow; S&P Rises 1.5%; Dow and Nasdaq Each Rise 1.2%; Energy and Financials Best Performers of the Day, Consumer Discretionary Worst Performer (Bloomberg News)

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We Can't Afford Not to Modernize the Health System

The question isn't whether we can afford health reform it's whether we can afford not to fix our broken system. Karen Davenport explains why kind of budget savings health reform would bring and when we would start seeing them.

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Female Health Taboo Explored

Millions of women suffer from urinary incontinence, where urine is leaked from the bladder. Dr. Jon LaPook speaks with two gynecologists about how this common condition can be treated.

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Hi-Tech Baby 'Rattles'

CNET's Natali Del Conte shares tips with Maggie Rodriguez for kid-friendly gadgets and applications, including apps that turn an iPhone into a baby rattle.

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Inside Look - Target's Shareholders Re-Elect Directors

Live! From Target Shareholders Meeting in Waukesha, WI: Interview with Pershing Square CEO Bill Ackman (Bloomberg News)

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Time Warner to Spin Off AOL

AOL Created Series of Setbacks for Time Warner, Including Shareholder Lawsuits, Regulatory Probe, and Declining Sales (Bloomberg News)

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In-Depth Look - Target Shareholders Re-Elect Company Slate

Reaction with David Strasser of Janney Montgomery Scott (Bloomberg News)

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Spotlight - Bridgepoint Education

Bridgepoint Up 15% One Month After IPO - Interview with CEO Andre Clark (Bloomberg News)

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Gibbs jab at British press

Gibbs jab at british press

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Inside Look - GM to File Chapter 11 on Monday

Interview with Sen. Jack Reed (D) of Rhode Island (Bloomberg News)

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Commodities Outlook - Foods On an Upswing

Analysis and Discussion with ICE Futures U.S. President Thomas Farley (Bloomberg News)

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Sector to Watch - Insurance

Torchmark Rallies After Fox-Pitt Kelton Upgrades Shares; Morgan Stanley Upgrade on Some Insurance Stocks Sends Overall Shares Higher After March Lows (Bloomberg News)

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Science Shows White Can Cool

Bill Nye the science guy demonstrates how white cools hot buildings and global warming. (05/28/09)

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Broadway Season A Runaway Hit

The array of Hollywood stars seems to be box office gold for The Great White Way with a record number of shows and ticket sales, reports Bianca Solorzano.

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Investment Strategies - Healthcare, Defense

Analysis and Discussion with Bruce Berkowitz of Fairholme Capital Management (Bloomberg News)

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Economic Indicators Are Rising

Consumer confidence is up and retailers are hoping customers will begin spending more money, reports Susan Roberts.

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Adam Lambert's 'Mad World'

American Idol runner-up Adam Lambert is all song and has only praise for rival Kris Allen. He talked with Maggie Rodriguez and performed one of his signature hits from the show, "Mad World."

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Inside Look - Mortgage Delinquencies Rise

Mortgage Delinquencies, Foreclosures, and 30-Year Rates Increase - Interview with Mortgage Bankers Association Chairman Jay Brinkmann (Bloomberg News)

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Sector to Watch - Hotel Stocks

Goldman Sachs Makes Bullish Call on Hotel Stocks, Upgrades Lodging Sector from Neutral to Attractive, Starwood Hotels Upgraded to "Buy"; Carnival Corp. Shares Down Over 3% After Passengers Come Down with Swine Flu (Bloomberg News)

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Student Loan Help Tips

Chris Wragge spoke with Ray Martin about what to do if you are unable to immediately pay off student loans.

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Kids Helmet Safety

Consumer correspondent Susan Koeppen showed Maggie Rodriguez different types of helmets for different activities.

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First Look - Chanos Shorting Healthcare

Excerpt of Interview with Jim Chanos of Kynkios Associates (Bloomberg News)

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Recap - Ira Sohn Research Conference

David Sokol Sees "Shadow Backlog" of Foreclosures; According to David Einhorn, Banks Have Not Marked Their Loans Down Sufficiently (Bloomberg News)

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General Motors to File For Bankruptcy Protection

Exclusive Coverage - According to People Familiar, GM's Chapter 11 Filing Date Set for June 1st; Reaction with (Bloomberg News)

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Morning Show Roundup 5/28/09

Morning Show Roundup 5/28/09

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The Currency Report - New Zealand Dollar, Japanese Yen

Kiwi Gains as S&P Raises Debt Outlook, Says Budget Shows "Sound Position"; Yen Falls as Japanese Investors Boost Foreign Purchases (Bloomberg News)

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GM Now 'Government Motors'

Some are now calling GM "Government Motors" as certain bankruptcy is forced upon the automaker. But as Jeff Glor reports, a reorganized company could become leaner and stronger.

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Mother Neglected Obese Teen?

A S.C. mother may be charged with neglect because of her extremely obese teenage son. Chris Wragge reports. Dr. Jennifer Ashton discussed the dangers of teen obesity.

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Market Outlook - We've Been Through the Worst Already

Analysis and Discussion with David Winters of Wintergreen Advisers (Bloomberg News)

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Fame Sours For Susan Boyle

Tabloids jump on comments made by Susan Boyle whose instant celebrity may be taking its toll on her nerves. Mark Phillips reports and Maggie Rodriguez speaks to Piers Morgan of "Britain's Got Talent".

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Pa. Woman Fakes Own Kidnapping

A Pa. woman faked her own kidnapping and ran away with her daughter. The pair was found at Disney World. Priya David reports. Julie Chen spoke with a former coworker and an officer on the case.

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Gingrich- Sotomayor Is Racist

Former Rep. Newt Gingrich called President Obama's Supreme Court nominee, Judge Sonia Sotomayor, a racist for a comment made eight years ago. Wyatt Andrews reports.

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Obama makes FDR comparison

Obama makes FDR comparison at Hilton Fundraiser (5/27)

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Sykes on Michelle Obama

Wanda Sykes on Michelle Obama and press

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In-Depth Look - Letter To The President

Interview and discussion with Rep. Dennis Kucinich of Ohio. He talks the situation automakers faces. He says government is not functioning in the interest of auto workers. (Bloomberg News)

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Dimion Mansion For Sale

Jamie Dimon cuts the asking price of this mansion for a second price. He is asking $10.5 million. (Bloomberg News)

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In-Depth Look - Financial Crisis Effects To Chicago

Interview and discussion with Gene Saffold, CFO of the City of Chicago. He gives his thoughts on how they deal the economic crisis in Chicago. (Bloomberg News)

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Market Open 5.28

Lydia Thew is live in the New York Stock Exchange with the latest in the market. (Bloomberg News)

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In-Depth Look - TARP Payback Plans

Interview and discussion with James Reynolds, the Chairman and CEO of Loop Capital. He says that the government should not make it complicated to repay TARP funds.

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Inside Look - Northern Trust To Pay Back TARP Funds

Interview and discussion with Steven Fradkin, CFO of the Northern Trust. He talks about the company's plan to pay back the TARP funds. (Bloomberg News)

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POLITICO Playback 5/28/09

POLITICO Playback 5/28/09

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Obama- "Ya ain't seen nothing yet"

Obama raises money in L.A.

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In-Depth Look - Billionaire Investor Samuel Zell

Interview and discussion with Samuel Zell, the Chairman of the Equity Group Investments. He discuss everything that is happing in the economy. (Bloomberg News)

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In-Depth Look - Annual Investor Conference

Interview and discussion with The Chairman and CEO of Loop Capital, James Reynolds. He discuss what we may expect in the Annual Morningstar Investors Conference. (Bloomberg News)

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Inside Look - Economic Pressures For The LPGA

Interview and discussion with the LPGA Commissioner, Carolyn Bivens. She talks her outlook about the financial pressures the LPGA is facing. (Bloomberg News)

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Pequot Capital Liquidating Hedge Funds

Pequot Capital founder Arthur Samberg is liquidating his main hedge funds under the cloud of a major insider-trading probe. (Bloomberg News)

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In-Depth Look - Target Annual Meeting

Interview and discussion with Henry Smith of the Haverford Trust. He talks about Ackman's plan in campaigning to pick five board members. (Bloomberg News)

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Bull-And-Bear Market Affairs

The debate continues as to whether or not the economy is improving. What will be the leading indicator to tell us we have turned the corner? Matthew Lynn of Bloomberg News has the details. (Bloomberg News)

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In-Depth Look - Chrysler Bankruptcy Hearing

Interview and discussion with Martin Bienenstock of the Dewey & LeBoeuf. He gives his thoughts about the Chrysler hearing happened yesterday. (Bloomberg News)

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Opel Rescue Talks Stalled

The meeting ends 4:30 a.m. German officials blame General Motors for basically springing a demand for cash from the bidders. (Bloomberg News)

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Government Stake In GM

President Obama says that he prefers to not have the government in the car business. (Bloomberg News)

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GM Prepares To File Bankruptcy

General Motors expects to file for chapter 11 by the government deadline. The big question is whether the strategy be enough to revive the company. (Bloomberg News)

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Paris Auction Of Marcel Marceau Beat Expectations

An auction of the late Marcel Marceau has beaten expectations. (Bloomberg News)

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AOL Spin off

Time Warner may announce A.O.L. spin off as early as today. (Bloomberg News)

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Dell Faces Tough 1Q On Weaker PC Sales

Dell which is already dethroned Hewlett Packard as the number one P.C. maker in the U.S. is straggling to regains its market share as it cut cost and jobs to stay profitable. (Bloomberg News)

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Rattner's Worth

Steven Rattner has a net worth of at least $188 million and could be worth as much as $608 million. (Bloomberg News)

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2010 Olympic Torch

Vancouver Olympic officials may be giving new meaning to the motto of aiming higher. (Bloomberg News)

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Lasorda's Take On Ramirez

Tommy Lasorda has long been the face over the Dodgers. He gives his thoughts for Ramirez drug bust. (Bloomberg News)

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Lakers Beat Nuggets 103-94

The Los Angels Lakers beats Denver 103-94. The Lakers lead the Western conference 3-2. (Bloomberg News)

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Red Wings Advance To Cup Finals

The Detroit Red Wings will be seeking its 129 Stanley Cup title in a repeat of last year's NHL championship series. (Bloomberg News)

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Citigroups talks with SEC

Citigroups is in talks with the S.E.C. to settle allegations. (Bloomberg News)

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Toys R Us Acquires FAO Schwarz

Toys R Us acquires F.A.O. Schwartz to take over a store in New York. Toys R Us C.E.O. plans to keep both F.A.O. stores in New York and Las Vegas open along with its website and catalog operations. (Bloomberg News)

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Russia's Diamond Revolution

A revolution of sorts is taking place in the diamond industry. On the heels of an overall slump in demand Russia is stock filing stones and replacing DeBeers. (Bloomberg News)

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Achman Fights For New Target Directors

Achman is nominating himself and others to the board. He says they lack experience in credit cards, real estate and groceries and he also says the company needs some new blood. (Bloomberg News)

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The Finance 50

It is not enough to know how much a Chief Executive earns but how much value the company is getting for the money. Number one, Lloyd Blankfein of Goldman Sachs. On the other end of the scale, Richard Fairbanks of Capital One. (Bloomberg News)

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OPEC Expected To Leave Production Quotas Unchanged

OPEC ministers are meeting in Vienna today. Oil prices are falling in New York this morning ending three days of games after Saudi Arabia's minister says they don't need to cut production. (Bloomberg News)

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Soaring Supply Drives Up Treasury Yields

All the government spending creates history in the treasury market. (Bloomberg News)

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European Market Check

Stocks across the Europe are falling. (Bloomberg News)

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Chrysler's Nardelli To Back Sale To Fiat

Robert Nardelli will probably make the case for selling the Chrysler in bankruptcy court today. (Bloomberg News)

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Auto Parts Maker Visteon Files For Bankruptcy

A Ford affiliated company is facing trouble. Visteon has its shares plunge 92% in the past four months. (Bloomberg News)

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GM Edges Closer To Bankruptcy

Another step in bankruptcy. Talks has stall for General Motors and the plan to sell its Opel unit after the car maker demands an extra $415 cash. (Bloomberg News)

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That sinking feeling- Venice Biennale's floating house shipwrec

All art shown at the Venice Biennale of modern art must be transported to the site by waterways, including the bulkiest pieces. That's not without risk as American artist Mike Bouchet learned: Having rafted the floating full-size family house he designed for the Biennale to its destination, he had to helplessly watch it sink slowly into the Venetian waves.

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Comparing Obamas Choice of Sotomayor to Bushs Picks

Immediate reaction to President Obamas nomination of Judge Sonia Sotomayor for the U.S. Supereme Court is slightly less positive than when former President George W. Bush nominated John Roberts in 2005, but slightly more positive then when Bush noimated Samuel Alito and Harriet Miers.

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Germany still confident of deal to save ailing Opel

Germany can still clinch a deal to save General Motors' Opel unit despite a bitter breakdown in talks between Berlin and Washington, Foreign Minister Frank-Walter Steinmeier said on Thursday. The marathon talks, aimed at finding a suitable buyer for Opel and a financing structure for temporary loans from the German government, collapsed when the US side suddenly upped their demand for loans by 300 million euros (416 million dollars). Images and soundbites from Steinmeier.

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Splashes of colour at Hong Kong's dragon boat festival

Dragon boat races are a highlight of one of Hong Kong's biggest festivals. For some, it's a fiercely competitive event, for others, it's all about fun. Teams race long, narrow boats decorated with dragon heads across the harbour, to the sound of drums.

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Triumphant Barca stars feted in victory parade

Tens of thousands of ecstatic fans cheered Barcelona's Champions League heroes during a victory parade through the city centre in an open-top bus Thursday. The players and coach Pep Guardiola then rode through the city in a open-top bus decked out in the club's royal blue and burgundy colours and marked "Champions," dancing and waving to the fans. Images

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Obama Outperforming Bush Clinton At This Stage

President Barack Obamas average approval rating 65% in May is better than George W. Bush and Bill Clinton fared, but worse than Ronald Reagan did at this point in their presidencies.

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City Room- In the Bronx, a Surrender of the Fleet

Rosenberger's Boat Livery, on City Island in the Bronx, long stood as a fishing station, a workingman's paradise, and one of the saltiest places in New York City. Now, it has closed.

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Urbaneye- UrbanEye- MoMA Party in the Garden

Mayor Bloomberg and other New York elite attend a benefit for the Museum of Modern Art. Melena Ryzik reports.

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Asia Pacific- An Interview With the Dalai Lama

The Dalai Lama discusses his concerns about the survival of Tibetan culture and relations with China in an interview with Times reporter Edward Wong.

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Manchester fans rue poor performance against Barca

Football fans in Manchester were left stunned Wednesday evening after Manchester United was solidly defeated 2-0 by Barcelona in the Champions League final.

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Football- Joyous fans throng Barcelona

Thousands of joyous fans took to the streets of Barcelona on Wednesday after the Catalan club defeated Manchester United 2-0 in the Champions League final in Rome.

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Most Republicans, Weekly Churchgoers Anti-Gay Marraige

Among a number of different groups of Americans, Republicans and those who attent church weekly are among the most likely to say that marriages between same-sex couples should not be recognized by the law as valid.

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Economic ill winds hit Nigeria

Nigeria is feeling the effect of low oil prices and the depreciation of its currency. Foreign currency reserves dropped to 45 billion dollars this week from 48 billion dollars a month earlier and the economic crisis is having a big impact on the lives of ordinary Nigerians. An AFPTV voiced report.

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Making Baghdad a really green zone

As Baghdad gradually becomes safer, one entrepreneur is wanting to replace the ugly concrete security walls with a greener alternative: thorn bushes.

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Quick cricket gives London kids a chance

While England prepares to host the second World Twenty20 cricket tournament, the quick format of the game is being used in poor communities of London to improve race relations and cut crime.

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Lacroix haute couture declares itself insolvent

The haute couture fashion line of Christian Lacroix has said it's unable to meet its financial obligations, according to a French newspaper, reflecting the plummeting market in pret-a-porter women's clothing. Its sales are said to have dropped by 35%, as the financial crisis seems poised to take its first luxury victim.

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