Diddy had been working on developing a TV network for years. When he was almost shut out of performing on ABC's "Dancing With the Stars" around the release of a 2010 album, the rapper-producer ... more 
Diddy had been working on developing a TV network for years. When he was almost shut out of performing on ABC's "Dancing With the Stars" around the release of a 2010 album, the rapper-producer realized he needed to launch the network sooner rather than later. Consumer confidence jumped in June to its highest level in over five years as Americans were more optimistic about business and labor market conditions. Stock index futures rose, indicating the S&P 500 may halt its recent selloff after comments from China's central bank eased recent concerns about a credit crunch in the world's second largest economy. The People's Bank of China said it would guide market rates to reasonable levels and expected seasonal factors which caused a recent spike in interbank market rates to gradually fade. less 
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Wochit
Tue, Jun 25, 2013 2:20 PM EDT