Friday, June 29, 2007

news news news

SAN FRANCISCO (AP) -- After six months of unprecedented hype, thousands of people Friday will get their hands on the iPhone, the new cell phone that Apple Inc. is banking on to become its third core business next to its moneymaking iPod players and Macintosh computers.

TEHRAN: Unrest spread in Tehran on Thursday, the second day of gasoline rationing in oil-rich Iran, with drivers lining up for miles, gas stations being set on fire and state-run banks and business centers coming under attack. (Herald Tribune)

VIENNA, Austria (AP) -- Oil prices shot back up above the psychologically important $70 a barrel mark on Friday, trading at a level last seen 10 months ago for the second time in two days on worries about gasoline supplies.

President Hugo Chávez yesterday hinted that Venezuela could try to become a nuclear power, during a visit to Russia apparently timed to antagonise the White House. (the Guardian)

June 29 (Bloomberg) -- Standard & Poor's, Moody's Investors Service and Fitch Ratings are masking burgeoning losses in the market for subprime mortgage bonds by failing to cut the credit ratings on about $200 billion of securities backed by home loans.

SACRAMENTO, Calif. (AP) - A bill that would require most dogs and cats in California to be spayed or neutered has brought howls of protest from breeders and threats from the American Kennel Club to pull the nation's second-largest dog show from the state.
Some tourists, amateur photographers, even would-be filmmakers hoping to make it big on YouTube could soon be forced to obtain a city permit and $1 million in liability insurance before taking pictures or filming on city property, including sidewalks. New rules being considered by the Mayor’s Office of Film, Theater and Broadcasting would require any group of two or more people who want to use a camera in a single public location for more than a half hour to get a city permit and insurance. (NYT)

June 29 (Bloomberg) -- Commerce Bancorp Inc. replaced Chief Executive Officer Vernon Hill, the company founder who turned it into New Jersey's biggest bank, and agreed with regulators to bar deals between directors and outside vendors.

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