The Lookout

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  • 10 Things to Know for Wednesday
    10 Things to Know for Wednesday

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about Wednesday:

  • Business Highlights

    ___ Facebook co-founder trying to transform business email from chronic headache to afterthought Dustin Moskovitz has learned a lot about communication since he teamed up with his college roommate Mark ...

  • Geraldo Rivera Causes Controversy: 'What a Woman Brings to a Marriage More Than Anything Else ... Is …
    Geraldo Rivera Causes Controversy: 'What a Woman Brings to a Marriage More Than Anything Else ... Is …

    On Monday, Geraldo Rivera, no stranger to controversy, stirred things up again while appearing on the Fox News show "Outnumbered." In a segment on what 20-somethings really want in a marriage, the talk turned to the concept of "beta marriages," in which the union can be formalized or dissolved after a two-year trial period with no paperwork or hassle, allowing partners to see if they want to continue beyond a short-term commitment.

  • Caterpillar shares rise premarket after $2.5 billion accelerated buyback pact announced

    NEW YORK (MarketWatch) -- Shares of Dow industrials component Caterpillar gained 0.8% in premarket trade after the heavy equipment and engine maker announced an accelerated $2.5 billion stock repurchase ...

  • Tennis-No backhanded compliments for Federer from Edberg

    By Steve Keating TORONTO (Reuters) - Roger Federer's backhand has been described as a thing of beauty and perhaps the most exquisite stroke the tennis world has seen, but his coach Stefan Edberg feels his was a little better. "A lot of the other strokes I think he does a lot better than I did but I'll give myself a bit of favor with my backhand," Edberg said on a conference call ahead of the Aug. 2-10 Rogers Cup in Toronto where Federer will launch his North American hardcourt season. Edberg was brought on board last December to help revive Federer's flagging career, and the stylish Swede has proven to be the ideal complement to the Swiss maestro, both men being of similar unflustered temperament and demeanor.

  • Family finds 300-year-old sunken treasure off Florida's east coast

    By Barbara Liston ORLANDO Fla. (Reuters) - A Florida family scavenging for sunken treasure on a shipwreck has found the missing piece of a 300-year-old gold filigree necklace sacred to Spanish priests, officials said on Tuesday. Eric Schmitt, a professional salvager, was scavenging with his parents when he found the crumpled, square-shaped ornament on a leisure trip to hunt for artifacts in the wreckage of a convoy of 11 ships that sank in 1715 during a hurricane off central Florida's east coast. "It's priceless, unique, one of a kind," said Brent Brisben, operations manager for Queens Jewels, which owns rights to the wreckage, located in 15-foot (4.5-meter) deep Atlantic Ocean waters. Schmitt's parents have hunted for sunken treasure as a hobby for a decade.

  • Israel intensifies Gaza assault, Egyptians revise truce plan
    Israel intensifies Gaza assault, Egyptians revise truce plan

    By Nidal al-Mughrabi and Dan Williams GAZA/JERUSALEM (Reuters) - Israel knocked out Gaza's only power plant and pounded dozens of other high-profile targets on Tuesday, while Egyptian mediators prepared a revised proposal for halting its war with Islamist guerrillas in the enclave. Israel's Channel Two TV said progress was being made on such a deal in Cairo, where a Palestinian delegation is expected later on Tuesday, although the station retracted an earlier report that a truce had already been provisionally agreed. Health officials said at least 85 Palestinians died in some of heaviest bombardments from air, sea and land since Israel's offensive began on July 8 in response to rocket salvoes fired by Gaza's dominant Hamas Islamists and their guerrilla allies. UNRWA, the main U.N. relief agency in Gaza, said it was at "breaking point" with more than 200,000 Palestinians having taken shelter in its schools and buildings following calls by Israel for civilians to evacuate whole neighborhoods before military operations.

  • The 20% market correction has already started
    The 20% market correction has already started

    The headlines don’t reflect it yet but according to Brad Lamensdorf a 10 to 20% correction isn’t just possible, but has actually already started.

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