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Obama in political box over closing Guantanamo (AP)

AP - President Barack Obama finds himself in a political box — at home and abroad — on closing the Guantanamo Bay prison, and he has prepared a major address on national security in hopes of working out of the tight spot....

 
 

Business news

Asian stocks slip, dollar loss deepens (Reuters)

 

Reuters - The dollar hit its lowest in almost five months and Asian stocks slipped on Thursday after news that the Federal Reserve lowered its forecasts for U.S. economic growth for the next three years.

Geithner says U.S. making headway in battling crisis (Reuters)

 

Reuters - Treasury Secretary Timothy Geithner said on Wednesday the Obama administration was making headway in calming financial markets and would have a program to cleanse toxic assets from banks' balance sheets up and running by July.

US mulls consumer financial protection agency (AFP)

 

AFP - President Barack Obama's administration is mulling creation of a federal consumer finance agency to protect the public from predatory mortgage lenders, credit card providers and mutual fund companies, the Washington Post has reported.

Dollar hits four-month low against euro (AFP)

 

AFP - The dollar sank Wednesday to a four-month low against the euro as rebounding Wall Street stocks encouraged investors to switch away from the safe-haven US currency.

Toll Brothers homebuilding revenue dives 51 percent (Reuters)

 

Reuters - Toll Brothers Inc said on Wednesday that it expected to report a 51 percent drop in quarterly homebuilding revenue, but said new orders had improved from the prior period, reflecting a seasonal upturn.

 
 

Travel news

Bale, Stiller face off at Memorial Day box office (Reuters)

 

Reuters - It's Ben Stiller against the cyborgs at the multiplex this weekend.

Nepalese Sherpa climbs Everest for 19th time (AFP)

 

AFP - A Nepalese "Super Sherpa" conquered Mount Everest for a breathtaking 19th time on Thursday, breaking his own previous world record, officials said.

American Idol's Runner-Up Adam Lambert: "It Felt So Good" (E! Online)

 

E! Online - "What a night, right?" asked Adam Lambert backstage after tonight's American Idol finale, a big smile on his face. "It felt so good. I got to sing with Queen and with Kiss. I mean, first or second, it doesn't matter to me; I got to sing with t

 
 

Sport news

Ortiz ends homerless drought in Boston's 8-3 win (AP)

 

AP - David Ortiz broke a career-high 149 at-bat homerless drought in a six-run fifth inning, Brad Penny pitched his best game of the season and the Boston Red Sox beat the Toronto Blue Jays 8-3 on Wednesday night.

Upton helps Diamondbacks split doubleheader (AP)

 

AP - Justin Upton helped end a long, sad day for the Arizona Diamondbacks with a mammoth home run.

Magic stun LeBron, Cavaliers 107-106 in Game 1 (AP)

 

AP - LeBron James chewed on his fingernails as he talked quietly with Mo Williams in the corner of Cleveland's muted locker room. As they reviewed the game's final seconds, the two stars stared blankly at a boxscore floating in an ice tub above James' fee

 
 
 
 

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