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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 07, 2010
Page
7
Wildfires across western Russia sent a heavy smoke plume over Moscow turning spires into blur. Flights were grounded and pedestrians wore masks while health officials warned of high pollution levels and rising health risks.
A star studded dinner at the presidential mansion for Nelson Mandela's charity involved Charles Taylor and Naomi Campbell who later said two men gave her a pouch of rough stones. Tests confirmed the stones are diamonds while investigators ponder their origin and legality amid South Africa's strict controls on uncut diamonds linked to conflict. Jeremy Ratcliffe handed the stones to authorities after Campbell testified in Taylor's war crimes trial. Authorities warn possession of uncut diamonds can lead to fines or prison as they seek to trace origin and potential links to Sierra Leone rebels.
Notable consumers reduced credit card borrowing for a fifth straight month in June, with annualized dropped spending at $1.3 billion. The latest Fed figures show ongoing declines in overall credit as households restrain debt for 17 months. Meanwhile in Saudi Arabia, buyers scramble as a looming ban on BlackBerry Messenger spurs price cuts. regulatory plans to halt service by Friday spark mixed expectations.
Dow fell 21.42 points to 10,653.56 while Nasdaq slid 4.59 to 2,288.47 and the S&P 500 dropped 17. - A stronger pullback across equities accompanied a rally in commodities with corn up 0.15 dollars to 4.05, soybeans up 0.45 to 10.34, wheat down 0.60 to 7.20, oil off 1.31 to 80.70, and the 30 year Treasury yield at 4.00%.
HP ousted chief executive Mark Hurd after an investigation found falsified expense reports to hide a relationship with a former contractor. The board cited integrity and credibility concerns. Interim CEO Cathie Lesjak named as search for permanent replacement begins.
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