By MARK SCOTT
Robert E. Diamond Jr., the former chief executive, said that his bank had illegally reported its borrowing rates because other banks were reporting even lower ones.
By DENNIS OVERBYE
The discovery by physicists at CERN's Large Hadron Collider, if confirmed to be the Higgs boson particle, could lead to a new understanding of how the universe began.
By ISABEL KERSHNER
Yasir Arafat's widow, Suha, called for the exhumation after Al-Jazeera reported that Mr. Arafat might have been poisoned with polonium, a rare radioactive isotope associated with KGB-style assassination intrigues.
By DAVID D. KIRKPATRICK
The generals wanted to make sure that their ability to control politics was written into the Constitution, the judge said, even as they promised to hand authority to elected leaders.
By ERIC SCHMITT
The secretary of state on Tuesday said for the first time "we are sorry" for the deaths of Pakistani soldiers in a November airstrike, and she said Pakistan would waive extra truck fees for supplies to Afghanistan.
By SEBNEM ARSU and RICK GLADSTONE
The effort to locate the wreckage of the plane and the pilots was aided at Turkey's request by the American oceanographer who discovered the Titanic.
Jul 4, 2012
By KEITH BRADSHER
Local officials said the construction of an immense industrial complex in Sichuan province had been permanently cancelled following protests over its potential environmental impact.
By STANLEY REED
Since 2006, Tullow Oil has made major discoveries by exploring small oil fields in regions that larger companies have missed.
By JONATHAN HUTCHISON
Since his arrest in January on piracy charges, the Internet tycoon and Megaupload founder Kim Dotcom has been winning over the public in New Zealand.
- Founder of Megaupload Sought Limelight (Jan. 20)
Media Decoder Blog
By CHRISTINE HAUGHNEY
After an online petition collected thousands of signatures asking the magazine not to print photos that were retouched, the editors of Seventeen promised to "celebrate every kind of beauty."
By BILL VLASIC
General Motors and Chrysler reported double-digit sales of new vehicles, while Ford's rose 7 percent. Toyota sales were up 60 percent.
Politics and Policyto significant posts in the past week.
|Prospero: The poetry of London |
Our correspondents discuss a new collection of verse inspired by London
read more »
|Online debate: Cybersecurity|
Is a hyperconnected world a less secure world?
read more »
Stocks and Markets in the News | European Markets at Close: Energy, banks drive losses for Europe stocks, MarketWatch
Energy, banks drive losses for Europe stocks A U.S. holiday thinned out volumes for European markets on Wednesday, with energy stocks in decline and banks lower as investors got jittery ahead of the European Central Bank meeting. Spanish banks also fell on worries about a delay to its bailout package.
July 04, 2012 | DAILY NEWS SUMMARY
CBS NEWS TOP STORIES
|Most destructive wildfire in Colorado history now mostly contained, but 45 large wildfires still raging in U.S. |
Read full story
Economic News July 4, 2012
Retail sales in Australia added a seasonally adjusted 0.5 percent on month in May, the Australian Bureau of Statistics said on Wednesday, standing at A$21.307 billion. (Jul 4, 2012) Full Article
Falling food costs and easing commodity price pressures pulled down shop price inflation in the United Kingdom to its lowest level for two and a half years in June, the British Retail Consortium (BRC) said in report published Wednesday. (Jul 4, 2012) Full Article
China's service sector grew at the weakest pace in ten months in June, the latest survey by Markit Economics showed Wednesday. (Jul 4, 2012) Full Article
Eurozone retail sales recovered unexpectedly in May on robust non-food sales, official data showed Wednesday. Retail sales rose 0.6 percent month-on-month, partially offsetting the 1.4 percent decline in the previous month, the latest figures from Eurostat showed Wednesday. Despite an increase, underlying performance remains weak. Even flat sales volume in June would result in a contraction of 0.9 percent in the second quarter, IHS Global Insight's economist Howard Archer said. (Jul 4, 2012) Full Article
Bank of England is likely to come up with additional stimulus as the current domestic economic situation warrants an immediate action to prevent the economy from sinking deeper into recession. (Jul 4, 2012) Full Article
Mario Draghi is set to steer the European Central Bank to a historical interest rate cut on Thursday, but the move may not be enough to satiate the financial markets looking for concrete solutions to the sovereign debt crisis in the euro area. A rate reduction at this juncture could serve as a back-up to the deal reached by European Union leaders last week that relaxed bailout rules, took steps
TODAY'S RELEASES FOR INVESTORS & TRADERS
Today's Top Pros' Top Picks
A Good Way to Play Copper's Big Bounce, Andy Crowder
What's Hot in the Middle East
Diversify Your Commodities for Big Profits, Harvey Jones
Tips for Traders
How to Trade Major Opening Gaps, Ken Calhoun
A "Why We Love America" Option Trade, Dan Passarelli
Trade Review: The Triangle Pattern Entry, Huzefa Hamid
Trading Idea of the Day
An All-American Stock is Breaking Out, Greg Harmon
Today's Featured Videos & Exclusive Interviews
Gold Shines in Storm of Paper Money, Michael Cuggino
Who Found MF Global's Lost Funds?, Dan Collins
2 Big Time, Long-Term Plays, Michael Tian
The Six Stocks You Must Own for the Second Half of 2012, Louis Navellier
How to Day and Swing Trade Acceleration Breakouts, Ken Calhoun
TOP STORIES | Wednesday , 04 Jul 2012
|Mining companies in Argentina must conduct inventories of glaciers and periglacial areas, Argentina's high court has ruled, while mining activities must now be regulated by the federal government. Wednesday , 04 Jul 2012|
|A long-simmering dispute involving indigenous communities, illegal mining, and the Mallku Khota mining project in the Andean Potosí region has erupted into kidnapping and property destruction. Wednesday , 04 Jul 2012|
|A dissident group wants to clean house at Maudore, which controls the interesting Comtois gold project in Quebec, while management maintain all the furniture's in the right place. Wednesday , 04 Jul 2012|
|Some commentators think supply side issues will be the burning question for miners in the next 12 to 18 months, others are not quite as sure. Tuesday , 03 Jul 2012|
|Empire Mining, a junior explorer, hailed court decisions as "momentous" and contra naysayers who might see return of rights as "impossible." Tuesday , 03 Jul 2012|
|The development of Scotgold's small-scale Cononish gold/silver mining operation in the Scottish Highlands moves closer with interim convertible financing from RMB. Tuesday , 03 Jul 2012|
|Australia's PanTerra Gold reports its Albion process oxidation plant for treatment of refractory tailings from the original Pueblo Viejo gold/silver mine in the Dominican Republic is close to achieving design parameters. Tuesday , 03 Jul 2012|
|Three people have died and many injured when Peruvian police clashed with protestors in the town of Celendin, who are opposed to Newmont's plans to build a $5bn gold mine. Wednesday , 04 Jul 2012|
|Jeb Handwerger* says that despite market malaise, the outlook for heavy rare earth element (HREE) and niobium demand is compelling. There is a desperate need for new supply sources. Critical Metals Report interview. Wednesday , 04 Jul 2012|
|Owner and CEO Alexey Mordashov expects consumption growth to slow in line with Chinese economic growth, Russian daily newspaper Kommersant reports. Wednesday , 04 Jul 2012|
|Executive Chairman Frank Timis who had been running the iron ore miner since May will become non-executive chairman when Keith Calder take over the reins as the new CEO. Wednesday , 04 Jul 2012|
|Resuming mining in the region will boost supplies to steel mills including JSW Steel, the nation's third-biggest producer, that cut output on the ore shortage. Wednesday , 04 Jul 2012|
|Thousands of people in Chinese city of Shifang took to the streets over the past three days against the government's plans to allow the building of a copper alloy plant, the latest unrest spurred by environmental concerns. Wednesday , 04 Jul 2012|
|The ECB is expected to cut interest rates Thursday in the wake of a string of weak economic data, a move that would likely support gold as it typically benefits from a low interest rate environment. Wednesday , 04 Jul 2012|
|Activist fund Knight Vinke, a top-20 shareholder in Xstrata, says Glencore's bid does not represent fair value for Xstrata on current terms and also objected to the fact no premium is being paid for a change of control. Tuesday , 03 Jul 2012|
|Vale, the world's largest iron ore miner, said in a filing with Brazil's securities commission on Tuesday that it hired BNP Paribas, Credit Agricole, HSBC and Natixis as bookrunners. Tuesday , 03 Jul 2012|
|In April, Chalco announced a $926 million bid for a controlling interest in miner SouthGobi Resources, which owns large coal projects close to the Chinese border. Tuesday , 03 Jul 2012|
|Soaring energy costs in Chile and uncertainty over supply have pushed miners to look toward building their own energy complexes. Tuesday , 03 Jul 2012|
|Company spokesman Sven Lunsche says the fire is not out of control and both the KDC East and West mines will remain closed until further notice. Tuesday , 03 Jul 2012|
|CEO Nicholas Curtis says he underestimated the power of social media as local residents in Malaysia have used Facebook and Twitter to rally local and foreign opposition to the company's proposed rare-earths plant. Monday , 02 Jul 2012|
PODCASTS / RADIO
|Standard Chartered's Jeremy Gray looks at how the commodities sector is currently placed and why future supply is going to become a big issue.|
|Nicholas Brooks, head of research and investment strategy at ETF Securities explains the recent strong moves seen in gold exchange traded commodities.|
|Mitsui and Co Precious Metal's David Jollie looks at the current state of the platinum sector and where it is likely heading.|