Weiner resigns amid sex scandal in Brooklyn speech
New York Representative Anthony Weiner announced his resignation from Congress amid a sex scandal involving sexually charged online messages to a former porn actress and other women. He apologized to his wife Huma Abedin and acknowledged the distraction would hinder 2012 campaign efforts, ending a seven-term career once marked by brash ambition.
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N.Y
Pandora IPO Reverses Losses Amid Investor Remorse
Pandora Media Inc shares tumbled on their second day of trading after an intense IPO run up, sliding 4.16 to 13.26, below the 16 IPO price. Redbox expands with 21,000 kiosks offering game and movie rentals nationwide at 2 dollars for games, 1.50 for Blu ray, and 1 dollar for regular DVDs.
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Pandora
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Markets close with mixed results from major indices and commodities
Thursday markets show Dow up 64.25 to 11,961.52 while Nasdaq falls 716 points to 2,623.10 and the S&P 500 gains 2.22 to 1,267.64. Treasuries steady at 4.16 percent. Corn, soybeans, and wheat slide while oil edges up to 94.95.
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Economy shows a small lift as layoffs slow and housing rises
Fewer Americans filed for unemployment benefits, 414,000, a second drop in three weeks, signaling slower layoffs. May housing starts rose to 560,000 annualized units, but builders face funding and foreclosure competition. Dow edges up 64 points as investors take the modest gains in a slow growth economy.
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