Search This Blog

Translate

Search Tool




Jun 25, 2011

MarketWatch | Weekly Roundup - Top Ten Stories JKune 20 - 24


MarketWatch

Weekly Roundup
JUNE 25, 2011

MarketWatch top 10 stories June 20-24

By MarketWatch



NEW YORK (MarketWatch) — Two of the three major U.S. stock indexes ended the week lower on Friday, but a third, the tech-heavy Nasdaq, ended higher.

U.S. stocks finished lower Friday, with the Dow Industrials marking a third-straight session of losses, a day after Moody's Investors Service put ratings of more than a dozen Italian banks on review and Oracle Corp. reported disappointing results.

The S&P 500 fell for a third straight session on Friday and was off 0.2% for the week.

Also off for a third consecutive session, the Dow Jones Industrial Average fell 0.6% for the week.

The Nasdaq Composite rose for the first week in six, scoring a 1.4% gain.y

Also, please be sure to watch our Week Ahead videos on Europe and Asia.

Greg Morcroft, assistant managing editor

 Asia Week Ahead: Japan's Tankan Survey, China PMI

 Europe Week Ahead:Greece, Lloyd's in Focus

Pixar may roll out dud with "Cars 2"

Don't look now, but the first clunker in the quarter-century history of Pixar Animation Studios may be hitting theaters this weekend.The vaunted studio, since 2006 a division of Walt Disney Co., is putting out "Cars 2," a sequel to its own 2006 computer-animated feature, and it's not getting the usual warm greeting that recent Pixar releases have received.Critics' ratings for "Cars 2" are a cut below that of the likes of Pixar's three "Toy Story" films, "Wall-E," "Up," "Ratatouille" — and just about any other film put out by the studio that revolutionized animated films. In fact, the closest film to "Cars 2" in critics' eyes was the original "Cars," the worst performer at the box office over the last decade for Pixar. But even that got higher marks than "Cars 2." Read MarketWatch coverage of the "Cars 2" release

Greece looks to have dodged a bullet, again

Greece appeared on track Friday to receive more aid provided that the government can win parliamentary approval of unpopular, additional austerity measures next week, as authorities scramble to avoid a potentially devastating sovereign-debt default in the euro zone.Speaking to reporters at the end of two-day meeting of European Union leaders in Brussels, German Chancellor Angela Merkel said she was confident Greek Prime Minister George Papandreou would take any steps needed to secure parliamentary backing of the 78 billion euro ($110.9 billion) program of austerity measures and sales of state-owned assets. Read full MarketWatch coverage of Greek Debt crisis

IEQ roils oil market with planned release of reserves

The International Energy Agency's decision to tap emergency reserves of crude oil marks an attempt to stave off a more severe economic slowdown and to show the world some measure of control over oil markets, analysts said Thursday. The U.S. and other members of the IEA announced Thursday the release of 60 million barrels to markets over the next 30 days to offset losses from Libya. The U.S. will tap its Strategic Petroleum Reserve to contribute half of the 60 million barrels. Read MarketWatch coverage of IEA decision

Fed chief sees more questions than answers on the economy

Federal Reserve Board Chairman Ben Bernanke said Wednesday he didn't have all the answers as to why the economy has struggled recently as the U.S. central bank closed the doors on a controversial bond purchase program. "We don't have a precise read on why this slower pace of growth is persisting," Bernanke told a press conference after the Federal Open Market Committee meeting where the central bank said it would end a $600 billion bond purchase program as planned in eight days and kept interest rates at historic lows. Read MarketWatch coverage of FOMC meeting and Bernanke press conference

Airbus leaves Paris Air show with record $72 billion of plane orders

Low-cost carrier AirAsia placed a firm order Thursday with Airbus for 200 A320 Neo aircraft, capping a blockbuster week for the European plane maker in which it won over $72 billion worth of business at the Paris Air Show. The single-aisle, narrow-body A320 Neo (new engine option) stole the limelight at Le Bourget airport this week. The plane is said to deliver fuel savings of 15% and is a response to airlines' concerns about soaring fuel costs. The Neo, which will be available beginning in 2015, won 667 commitments worth $60.9 billion at the Paris show, Airbus said. Read MarketWatch coverage of Airbus at the Paris Air Show

Analyst makes bold, if baffling call of Research in Motion

Forget Bernanke or Greece. The real news on Wall Street this week occurred when an analyst stuck his neck under the falling blade of Research in Motion Ltd. shares with an audacious buy recommendation. Arguing that the 60% plunge in shares of the maker of BlackBerrys in the past four months already accounts for the weakness the Canadian company has reported in the past week, analyst Kevin Smithen of Macquarie Capital initiated coverage Wednesday with an outperform rating. Read full Research in Motion coverage, on MarketWatch

Five money moves one inflation hawk is making

QE2 is steaming into port, and Capt. Bernanke is about to broadside the S.S. United States.That's the view of Robert Arnott, an influential voice in the study of portfolio asset allocation, indexing and risk management, and founder of Research Affiliates, a Newport Beach, Calif.-based investment management firm. Arnott hasn't always been so pessimistic about the future of the U.S. economy, but nowadays he sees the dark clouds of what he calls a "3-D Hurricane" — a perfect storm of deficits, debt and demographics that Arnott said creates "serious headwinds for investors in the years ahead." Read MarketWatch's Money Talks column

Why 2011 is much worse than 2008

Mark Twain was wrong. History really does repeat.Looking at the financial headlines over the past week, it is 2008 all over again, only this time with names of people, places and financial institutions that are harder for most of us to pronounce. It's the same disease only in a different (and far bigger) patient. We have once again reached the point where everyone knows that the problem is solvency, not liquidity. And in an interconnected, interdependent, global financial/sovereign complex — or what Peter Atwater now calls the "interplex" — where everything is somehow a derivative of something else (and vice versa), it is just a matter of your degree of impact. Read MarketWatch Outside the Box commentary

10 fees that can eat away at your retirement savings

It's said that what you don't know can't hurt you. No so. What you don't know can cost you, and sometimes cost dearly. Case in point: Advisers and others say there's a host of unknown costs and fees lurking inside your 401(k) plans, IRAs and other such retirement accounts. And often, those fees can make a world of difference in your overall investment returns. The AARP launched a 401(k) fee calculator on its web site that aims to help investors better understand 401(k) fees and their potential impact. You have to register to use the calculator, but it's easy. .And come Jan. 1, 2012, plan sponsors will have to disclose the fees participants pay for their 401(k) plans. Read MarketWatch report on 10 fees that hit your 401 (k)

Top economist says default better than cuts

Bank reserves swelling and commodity prices surging — that's the situation that the U.S. economy is now confronting.But it also was the case back in 1937. And that's what worries Ethan Harris, North American economist at Bank of America Merrill Lynch.He fears that now, like then, tightening of monetary and fiscal policy could cause a recession, so much so that he thinks a temporary default on U.S. Treasury obligations may be preferable to overly swift spending cuts.His view stands at odds with the rest of Wall Street, which has frequently communicated to congressional Republicans as well as the White House a desire to see the $14.3 trillion debt ceiling increased.

MarketWatch Weekly Roundup: The Week's top ten Videos.


MarketWatch

Weekly Roundup
JUNE 25, 2011

The week's top 10 videos on MarketWatch

By MarketWatch



In case you missed them, here are the 10 most popular videos that appeared on MarketWatch for the week of June 20-24:

Stocks are either too cheap or actually overvalued

Depending on your historical scope, the U.S. stock market looks too cheap or is primed to pop, says Mark Hulbert, who reviews the work of two well-known strategists and their regression analysis. Laura Mandaro reports.
 Watch Video Report.


Roger Ebert's ‘Jackass' tweet sparks firestorm

Film critic Roger Ebert touched off a social media firestorm after tweeting about the death of Ryan Dunn, star of MTV's "Jackass," in a car crash. Kelsey Hubbard talks about the reaction with Barbara Chai.
 Watch Video Report.


A sneak peak inside Boeing's 747-8 jumbo jet

Boeing's latest 747 jumbo jet looks like a spiffy new jetliner. But inside it's still a work in progress. Daniel Michaels gets a sneak peek at the Paris Air Show.
 Watch Video Report.


Bernanke on Greece's impact, more easing

The Fed did take the Greek situation into account in while drafting the most recent outlook, and that while the current climate is not ideal, it does not suggest that the Fed needs to start another round of asset purchases.
 Watch Video Report.


Airbus 380 collision at Paris Air Show

In an embarrassing collision for Airbus, the company's A380 superjumbo collided with a building on Monday, after air traffic controllers gave the pilot taxi clearance at the airport, where the Paris Air Show is taking place.
 Watch Video Report.


Analyst's bold call on RIM stuns Wall Street

Perhaps the most exciting news for investors this week occurred when an analyst from Macquarie Capital stepped up with his audacious buy recommendation on the troubled shares of Research In Motion Ltd. But did he know something the rest of us don't? David Callaway comments.
 Watch Video Report.


How's the stock market so far in 2011? Average

Factoring in dividends, the market is up in the first half of the year, and that's in line with long-term historical averages. But a lot of investors have grown disappointed, Mark Hulbert tells Rex Crum.
 Watch Video Report.


How I built it: Smashburger

Smashburger founder Tom Ryan talks with Colleen DeBaise about how he got the burger chain off the ground.
 Watch Video Report.


10 most affordable, 10 most expensive home markets

You can get a four-bedroom home for about $60,000 in the most affordable real-estate market, but it'll cost you as much as $2.5 million in the priciest market. Stacey Delo talks with Amy Hoak.
 Watch Video Report.


Airlines are yucking it up at 30,000 feet

Thomson Airways uses cute kids. Air New Zealand does a disco extravaganza-starring Richard Simmons. More airlines are amping up their safety videos with humor and goofy gags - just to get fliers' attention. Daniel Michaels reports.
 Watch Video Report.

MarketWatch | Personal Finance Daily : The Weeks 10 best Personal Finance Stories

MarketWatch
Personal Finance Daily
JUNE 25, 2011

The week's 10 best Personal Finance stories

By MarketWatch



In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of June 20 - June 24:

The 5 most intriguing new cable TV shows

Scripted original cable-network programming is as strong as ever this summer, with several new and continuing shows that should get both critical acclaim and solid ratings, in the view of at least one advertising executive.
Read more: The 5 most intriguing new cable TV shows.


10 fees that can wreck your retirement savings

There's a host of unknown costs and fees lurking inside your 401(k) plans, IRAs and other such retirement accounts. And often, those fees can make a world of difference in your overall investment returns.
Read more: 10 fees that can wreck your retirement savings.


How 2011's top money ideas have fared so far

It's been one of those volatile weeks where you wish the stock market would make up its mind — and one of those years so far where you're glad it hasn't. So it's time for a midyear checkup on the 10 investment themes for 2011 that we highlighted last December.
Read more: How 2011's top money ideas have fared so far.


Gas prices are going to fall

Consumers can expect to see prices for gasoline drop — and by as much as 15 cents a gallon on a national basis — in the coming weeks.
Read more: Gas prices are going to fall.


Air travel to rocket for Independence Day

Fireworks won't be the only things in the air over the Independence Day weekend: The public looks to be falling back on airline travel over other modes of transport.
Read more: Air travel to rocket for Independence Day.


Gas prices prompt IRS to raise mileage rates

The IRS is making an unusual midyear hike to the standard mileage rate used to deduct the cost of business-related driving.
Read more: Gas prices prompt IRS to raise mileage rates.


5 housing markets with best, worst outlook

Some of the hardest-hit housing markets are beginning to show some signs of strength, though they're not fully out of the woods yet, according to a recent real-estate market forecast.
Read more: 5 housing markets with best, worst outlook.


Dads, don't sacrifice family for work

Before next Father's Day rolls around, here's a mission for working dads: let your co-workers know how you balance work and family life.
Read more: Dads, don't sacrifice family for work.


Meet the credit-card king with $300,000 in credit

Meet Pete D'Arruda: A man with 25 charge cards, more than a quarter of a million dollars in available credit — and a lot of financial self-control.
Read more: Meet the credit-card king with $300,000 in credit.


5 money moves one inflation hawk is making now

QE2 is coming into port, and it's about to broadside the S.S. United States. At least, that's the view of Robert Arnott, an influential voice in the study of portfolio asset allocation, indexing and risk management.
Read more: Five money moves one inflation hawk is making now.

The Washington Post Today's Headlines: Today's Highlights | Politics | Style | Sports | World| Live Discussions | Technology | Editorial | Business

The Washington Post
TODAY'S HEADLINES

TODAY'S HIGHLIGHTS
N.Y. Senate votes to legalize same-sex marriage
Given the state’s population, the vote essentially doubles the number of Americans who can gain access to same-sex marriage licenses, which previously have been available in five states and the District of Columbia.
(By Sandhya Somashekhar)

House rejects Obama’s Libya policy
Lawmakers defeated a resolution that would have authorized the mission, but stopped short of trying to cut funding for it.
(By David A. Fahrenthold)

CEO pay vs. worker pay
Corporations line up to block rules that would force companies to disclose comparison data.
(By Peter Whoriskey)

Nats appear to have their man
Davey Johnson, 68, is expected to replace interim manager John McLaren. Johnson and the Nats were still engaged in final negotiations late Friday night, but agreed in principle.
(By Adam Kilgore)

Google’s dominance draws new scrutiny
Government regulators are examining whether the tech giant improperly promotes its products and blocks competitors.
(By Jia Lynn Yang)

POLITICS
From Taliban taxes to shakedowns, US military presence hasn't changed daily Afghan corruption
WASHINGTON — The farmer picking apples in the outskirts of Kabul must pay the Taliban $33 to ship out each truckload of fruit. The governor sends in armed men to chase workers off job sites if the official bribes aren’t paid. Poor neighborhoods never get their U.N.-provided wheat, long since sold on the black market.
( Associated Press Associated Press , AP)

Guest lineup for the Sunday news shows
WASHINGTON — Guest lineup for the Sunday TV news shows:
( Associated Press Associated Press , AP)



(, The Washington Post)

Angry House declares Obama lacks Libya war authority _ but stops short of cutting off funding
WASHINGTON — Challenging presidential power, a defiant U.S. House voted overwhelmingly Friday to deny President Barack Obama the authority to wage war against Libya. But Republicans fell short in an effort to actually cut off funds for the operation in a constitutional showdown reflecting both political differences and unease over American involvement.
( Associated Press Associated Press , AP)

N.Y. votes to legalize same-sex marriage
Given the state’s population, the vote essentially doubles the number of Americans who can gain access to same-sex marriage licenses, which previously have been available in five states and the District of Columbia.
( by Sandhya Somashekhar , The Washington Post)


STYLE
Ask Amy: Bad groom gives cousin pre-wedding jitters
My cousin and I were very close until she started dating a guy I don’t like and don’t want to spend time with. I have more or less ceased contact with her because I dislike this man so strongly. Should I discuss this with her?
(, Tribune Media Service)

Hints From Heloise: A change in pets?
For several years, Heloise has dedicated her Saturday column to pets. Should she spread her pet advice throughout the week?
(, King)

Some solutions to life’s problems
Readers give advice on how to manage hair-pulling issues.
(, The Washington Post)

Where Indian music feels at home
The sort of music rooms once maintained by maharajahs have been transplanted to Washington suburbs.
( by Mark Jenkins Special to The Washington Post , The Washington Post)

To the bars of Spain: ¡Salud!
A drinking tour of Spain, the country with the most bars per capita in the world!
( by Jason Wilson Special to The Washington Post , The Washington Post)


SPORTS
Friday's Sports In Brief
With training camps set to open in another month, NFL owners and players will resume negotiations next week, hoping to build on recent talks, two people familiar with the discussions told The Associated Press on Friday.
( Associated Press Associated Press , AP)

Bucks eager to see what draft picks Tobias Harris, Jon Leuer can do
MILWAUKEE — For John Hammond and the Milwaukee Bucks, it was a busy and fruitful couple of hours.
( Associated Press Associated Press , AP)

Indiana native George Hill having mixed feelings after Spurs trade him to hometown Pacers
SAN ANTONIO — George Hill grew up wanting to play for his hometown Indiana Pacers. He was a high school and college star in Indianapolis, and just last month, decorated his torso with a giant tattoo in the shape of Indiana.
( Associated Press Associated Press , AP)

McHale reels in confident newcomers on day after draft
HOUSTON — New Rockets coach Kevin McHale, a brash talker himself when he played for the Boston Celtics, smiled as he reeled in the team’s latest acquisitions at an introductory news conference.
( Associated Press Associated Press , AP)

Nationals score 4 in 14th to beat White Sox 9-5 in their first game since Riggleman resigned
CHICAGO — Their manager quit, and their interim skipper was ejected in his first game in the new role.
( Associated Press Associated Press , AP)


WORLD
Car bomb kills 25 outside Afghan hospital
KABUL, Afghanistan — An Afghan official says the death toll from a car bombing outside a medical clinic in eastern Afghanistan has risen to at least 25.
( Associated Press Associated Press , AP)

Bulgarian border police uses night-vision equipment to protect cherry farms from thieves
KONYAVO, Bulgaria — Bulgarian forces with night-vision goggles appear to be winning an extraordinary fight over thieves seeking to make off with this year’s lucrative cherry harvest.
( Associated Press Associated Press , AP)

New Jersey Nets owner Mikhail Prokhorov elected head of pro-business, Kremlin-friendly party
MOSCOW — Russian tycoon and New Jersey Nets basketball team owner Mikhail Prokhorov has been confirmed as the new head of a Kremlin-friendly political party.
( Associated Press Associated Press , AP)

Hundreds of Syrians flee to Lebanon; activists raise Friday death toll to 20
BEIRUT — Hundreds of Syrians, some of them with gunshot wounds, streamed into neighboring Lebanon on Saturday in search of a refuge from the increasing violence in their homeland, a Lebanese security official said.
( Associated Press Associated Press , AP)

Afghan officials say at least 15 dead in car bombing outside hospital in eastern Afghanistan
KABUL, Afghanistan — Afghan officials say at least 15 dead in car bombing outside hospital in eastern Afghanistan.
( Associated Press Associated Press , AP)


LIVE DISCUSSIONS
The Mil Life: Keeping spouses' careers, education off the chopping block
Military wives discuss keeping a career and educational goals through deployments.
(, vForum)

The Web Hostess: Online manners, memes and must-see video
A weekly chat about the best ways to kill time online. Our Web Hostess, Monica Hesse, sifts the Internet so you don't have to, searching for meaning, manners and the next great meme.
(, vForum)

Real Wheels Live
Live online discussion with Real Wheels columnist Warren Brown about car-buying and the auto industry.
(, vForum)

Lisa de Moraes on the TV Column
Post TV columnist Lisa de Moraes is back and ready to chat about all the drama, comedy and heartbreak of the world of television -- both onscreen and behind-the-scenes!
(, vForum)

Lisa de Moraes on the TV Column
Post TV columnist Lisa de Moraes is back and ready to chat about all the drama, comedy and heartbreak of the world of television -- both onscreen and behind-the-scenes!
(, vForum)


TECHNOLOGY
Dear Gene: A Self-Branding Reply To Gene Weingarten’s Self-Branding Column About Self-Branding

( by TechCrunch.com , TechCrunch.com)

I Found Out About This Gay Marriage Thing On Foursquare

( by TechCrunch.com , TechCrunch.com)

Inspired By Wikipedia, Quora Aims For Relevancy With Topic Groups And Reorganized Topic Pages

( by TechCrunch.com , TechCrunch.com)

Arizona state police taking steps to check computer system after overseas hackers gain entry
PHOENIX — State police said Friday that they are checking the security of the agency’s computer system after an attack by hackers and they are investigating to determine the extent of the infiltration.
( Associated Press Associated Press , AP)

Weekend Giveaway: A Kobo eReader Touch

( by TechCrunch.com , TechCrunch.com)


EDITORIAL


(, The Washington Post)


BUSINESS
Dear Gene: A Self-Branding Reply To Gene Weingarten’s Self-Branding Column About Self-Branding

( by TechCrunch.com , TechCrunch.com)

I Found Out About This Gay Marriage Thing On Foursquare

( by TechCrunch.com , TechCrunch.com)

Inspired By Wikipedia, Quora Aims For Relevancy With Topic Groups And Reorganized Topic Pages

( by TechCrunch.com , TechCrunch.com)

Obama, lawmakers to meet on debt
White House says Obama will begin meetings with key lawmakers next week. But a quick compromise seems unlikely as House Speaker Boehner reiterates pledge to oppose an increase in taxes.
( By Felicia Sonmez and Lori Montgomery , The Washington Post)

A ‘bail-in’ proposal for Greece
Talks are underway to persuade investors who hold Greek bonds to leave their money in place.
( by Howard Schneider , The Washington Post)

NYT: Today's Headlines: Forecasts for Growth Drop, Some Sharply | Business


Today's Headlines




TOP NEWS

After N.Y. Senate Vote, Governor Cuomo Signs Gay Marriage Bill

By NICHOLAS CONFESSORE and MICHAEL BARBARO
The law will take effect in 30 days, making New York the largest state where gay and lesbian couples will be able to wed and giving the gay-rights movement new momentum.

House Spurns Obama on Libya, but Does Not Cut Funds

By JENNIFER STEINHAUER 
The House dealt a symbolic blow to President Obama by rejecting a bill to authorize the operations in Libya, but also turned back a measure that would have cut financing for the effort.

Connecticut Budget Is Upended as State Workers Reject Deal

By PETER APPLEBOME
Gov. Dannel P. Malloy has called the General Assembly into a special session, and members of his staff have mentioned the possibility of 7,500 layoffs.
QUOTATION OF THE DAY
"Equality is what this means! This is our right as people. It'll be our same relationship, we're the same people as when we met, except now it's proper in the eyes of the state, and I'll be able to look at people and say, 'this is my husband.' "
JOHN HULS, outside the Stonewall Inn in Greenwich Village after the New York Legislature voted to approve same-sex marriage.

N.Y. / Region

Slide Show: New York Legalizes Same-Sex Marriage

Lawmakers voted late Friday to legalize same-sex marriage, making New York the largest state where gay and lesbian couples will be able to wed.
Opinion
Op-Ed Contributor

Sympathy for the Devils

Why are we obsessed with serial killers? Because they remind us of our own humanity.
WORLD

'Safety Myth' Left Japan Ripe for Nuclear Crisis

By NORIMITSU ONISHI
Japan's nuclear establishment has devoted vast resources to persuade the public of the safety and necessity of nuclear power.

Rejecting Offer of Dialogue by Syrian President, Protesters Return to the Streets

By ANTHONY SHADID
It was almost impossible to gauge whether the protests were bigger than in past weeks, though activists insisted that they were in some places.

Rebels Arm Tripoli Guerrillas and Cut Resources to Capital

By DAVID D. KIRKPATRICK
The rebels say they are in contact with police and government officials to make plans to secure the city in the days after a potential ouster of Col. Muammar el-Qaddafi.
U.S.

2 by 2, or Not, Zoo Animals Escape Flood

By A. G. SULZBERGER
As the floodwaters climbed to levels never before recorded in Minot, N.D., workers at the local zoo endeavored to evacuate the animals in the least chaotic way possible.

Crime Lord Returns to Boston to Face Raft of Charges

By ABBY GOODNOUGH and KATIE ZEZIMA
James "Whitey" Bulger, who terrorized Boston for decades, returned to face charges including complicity in 19 murders.

Hacked Memos of State Police in Arizona Are Released

By MARC LACEY and RICHARD A. OPPEL Jr.
The internal documents, obtained by Lulz Security, offer a glimpse into the range of challenges faced by the state's safety officers.
POLITICS

Boehner Must Navigate Rocky Road to a Budget

By CARL HULSE
Speaker John A. Boehner finds that he must seek common ground not only with Democrats, but with fellow Republicans as well.

G.O.P. Hopefuls Press Romney on Abortion Rights

By TRIP GABRIEL
Opponents' jabs raise the question of whether abortion can still be a decisive issue with Republican primary voters.

Obama's Growing Trust in Biden Is Reflected in His Call on Troops

By MARK LANDLER
The bond between president and vice president has developed, from friendly rivals to a closer partnership.
BUSINESS

Forecasts for Growth Drop, Some Sharply

By MOTOKO RICH
Disappointing data and worries about the strength of the global economy have made economists scale down their 2011 forecasts, some by half.

A Stronger Net Security System Is Deployed

By JOHN MARKOFF
Secure DNS is expected to make e-mail and e-commerce more secure, end the proliferation of passwords and raise the bar significantly for Internet scam artists, spies and troublemakers.

Charity Goes Mobile to Appeal to Young

By STEPHANIE STROM
Do Something, a nonprofit group that urges teenagers to do civic activities, is using mobile technology in an effort to sign up 3.8 million members by 2014.
TECHNOLOGY
Bits Blog

LulzSec Hackers Make Enemies Online

By RIVA RICHMOND and RAVI SOMAIYA
A number of people, offended by the exposure of innocent Internet users' personal information, are working to stop LulzSec.
Bits Blog

Google Confirms F.T.C. Antitrust Inquiry

By MIGUEL HELFT
The case could turn into the biggest showdown between the government and a major technology company since the Microsoft antitrust trial more than a decade ago.

Google to End Health Records Service After It Fails to Attract Users

By STEVE LOHR
When Google Health was introduced in 2008, Marissa Mayer, a Google executive, said it would be a "large ongoing initiative" that the company hoped would attract millions of regular users.
SPORTS
Rockies 4, Yankees 2

Burnett Fizzles as Giambi Dazzles

By SAM BORDEN
Jason Giambi returned to Yankee Stadium in style, hitting a home run and going 3 for 4 against his former team.
Rangers 8, Mets 1

Mets Fall Behind Early, and It Only Gets Worse

By DAVID WALDSTEIN
Mike Pelfrey was coming off his best outing of the season, but he gave up three runs in the first inning in Texas.

Playing Nice Before the Match

By KAREN CROUSE
The prelude to every match at Wimbledon, as elsewhere in tennis, is a hitting session that lasts five minutes and unfolds in a predictable manner.
ARTS

In Hours, Online Readers Identify Nazi Photographer

By JAMES BARRON and DAVID W. DUNLAP
When The Times posted online a mystery Nazi photo album, it took just hours for readers to identify the photographer.

Peter Falk, Rumpled and Crafty Actor in Television's 'Columbo,' Dies at 83

By BRUCE WEBER
Mr. Falk, known for his signature role on television, had a wide-ranging career in comedy and drama in film and onstage.

People, You Will See This Film. Right Now.

By XIYUN YANG
"You will see this movie!" seems to be the marketing strategy behind "Beyond the Great Revival."
NEW YORK / REGION

A Sense of Euphoria Settles on the West Village

By ELIZABETH A. HARRIS and ADRIANE QUINLAN
Following the passage of the same-sex marriage bill, crowds gathered, screamed and embraced outside the Stonewall Inn, where the gay rights movement was born 42 years ago.

Cuomo Likely to Veto Bill on School Borrowing

By DANNY HAKIM
The measure would let districts borrow as much as $1 billion without voter approval to cope with rising pension costs.

Legislature Approves Bloomberg Plan to Allow Street Hails of Livery Cabs

By MICHAEL M. GRYNBAUM
The proposal would issue up to 30,000 permits, for $1,500 apiece, for a new type of livery cab that would have the usual trappings of a yellow taxi.
TRAVEL

The Hidden Route to Machu Picchu

By MARK ADAMS
Join the crowds and take the easy way up Machu Picchu. Or follow the trail of early explorers and discover a handful of rarely seen Incan masterpieces along the way.

36 Hours in St.-Tropez

By SETH SHERWOOD
The capacity to indulge in this Mediterranean resort town is notching upward with new hotels, party spots and restaurants.
Practical Traveler

Pack a Picnic for Your Next Flight

By MICHELLE HIGGINS
Secrets from chefs on how to eat well on planes.
EDITORIALS
Editorial

An Unfair Burden

Any deal to cut the deficit must shield the most vulnerable Americans.
Editorial

Bullying in N.J.; Bargaining in N.Y.

The New Jersey way of negotiating with unions may produce short-term financial benefits, but it is not a path toward long-term labor peace or effective state management.
Editorial

Dangerous Imports

The F.D.A. has proposed sensible steps to cope with dangers posed by a flood of imported goods, but Republicans are determined to cut the agency's budget.
Editorial

On the Art of Puttering

Every now and then, there comes a day when you forget the lists and schedules and enter the world of the putterer.
OP-ED
Op-Ed Columnist

Them That's Not Shall Lose

By CHARLES M. BLOW
James Baldwin's words about how expensive it is to be poor are quite relevant today. If only they could resonate with Washington politicians.
Op-Ed Contributor

The Great Corn Con

By STEVEN RATTNER
Thanks to Washington, 4 of every 10 ears of corn grown in America are shunted into ethanol.
Op-Ed Contributor

Public or Private, It's Work

By GARRET KEIZER
The common argument that public sector unions should be treated differently from their private sector counterparts is a fallacy.
ON THIS DAY
On June 25, 1876, Lt. Col. George A. Custer and his 7th Cavalry were wiped out by Sioux and Cheyenne Indians in the Battle of Little Big Horn in Montana.