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Buffett and Munger share lessons of turmoil

Updated: 05/04/2009 - Billionaires Warren Buffett and Charlie Munger said Sunday the most important lessons of the recent financial turmoil are that companies should borrow less and build a system that imposes severe disincentives for failure.

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CBS launches unprecedented ad campaign

Updated: 05/04/2009 - CBS is launching an unprecedented campaign to publicize its prime-time successes weeks in advance of the year's most important ad sales season, trying not to be dragged down by the economy and struggling rivals.

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Hundreds march in Philly national gay rights rally

Updated: 05/04/2009 - Hundreds of gay rights demonstrators marched through the streets of the city's historic center on Sunday carrying rainbow-colored flags and signs calling for equal rights in marriage, in the workplace and in health care.

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US military deaths in Iraq war at 4,284

Updated: 05/04/2009 - As of Sunday, May 3, 2009, at least 4,284 members of the U.S. military had died in the Iraq war since it began in March 2003, according to an Associated Press count.

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Sherie Rene Scott examines a woman's semi-stardom

Updated: 05/04/2009 - The show, on view at off-Broadway's Second Stage Theatre, is a touching, tuneful and often hilarious tale, told by Scott in six scenes and punctuated by more than a dozen songs written by the likes of Elton John, Harold Arlen, George Harrison, Harry Warren and more.

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Saints receiver Ealy, tight end Kapanui arrested

Updated: 05/04/2009 - New Orleans Saints wide receiver Biren Ealy and tight end Kolomona Kapanui were charged Sunday with obscenity, disturbing the peace and lewd conduct for allegedly being drunk, urinating in public and exposing themselves

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Guillen drives in 4 runs, Royals rally past Twins

Updated: 05/04/2009 - Jose Guillen homered and drove in four runs, rallying the Kansas City Royals past Minnesota 7-5 on Sunday after Twins starter Scott Baker carried a no-hit bid into the seventh inning.

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Heritage is also a draw at Jazz Fest

Updated: 05/04/2009 - Dr. John sat quietly behind the keyboard, still 90 minutes away from his second gig of the week at the New Orleans Jazz and Heritage Festival.

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Stocks jump as home sales, construction increase

Updated: 05/04/2009 - Investors are rushing into stocks Monday as surprise increases in pending home sales and construction spending offered the latest signs that the economy is stabilizing.

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America's Cup champ seek challenger's boat details

Updated: 05/04/2009 - San Francisco's Golden Gate Yacht Club, which backs BMW Oracle Racing, has been ordered to tell the Supreme Court of the State of New York at a hearing on May 14 why it hasn't provided Alinghi with a Custom House registry.

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Despite prepaid lift, Sprint Nextel loss widens

Updated: 05/04/2009 - Despite a widening net loss, Sprint Nextel Corp. finally got some good news in its long recovery Monday, as a big surge in "prepaid" customers offset another nightmarish drop in valuable subscribers who sign annual contracts.

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Gates seeking to reassure Gulf on outreach to Iran

Updated: 05/04/2009 - The top U.S. military official cautioned Monday that the Obama administration's quest to bolster relations with Tehran most likely will be met at first by "a closed fist."

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Despite prepaid lift, Sprint Nextel loss widens

Updated: 05/04/2009 - Despite a widening net loss, Sprint Nextel Corp. finally got some good news in its long recovery Monday, as a big surge in "prepaid" customers offset another nightmarish drop in valuable subscribers who sign annual contracts.

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3 hurt in La. as more storms batter Southeast

Updated: 05/04/2009 - -- High winds from a possible tornado injured three people and damaged nearly two dozen homes Monday in southern Louisiana, a day after severe thunderstorms across the Southeast killed one person.

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Tyson posts fiscal 2Q loss on some charges

Updated: 05/04/2009 - Tyson Foods Inc. said Monday it lost more than expected in its fiscal second quarter because of declining beef sales and one-time costs, while the world's largest meat maker noted that it expects a drop in demand for pork amid worries about swine flu to be short-lived.

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Topeka Correctional Facility Inmates Run for Charity

Posted: 05/04/2009 - This morning, the running club at the Topeka Correctional Facility held a charity 5K to raise money for the Kansas Specialty Dog Service (KSDS) of Washington, Kansas. The dogs, which the inmates helped to train, are used to assist the blind and disabled.

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Digimarc reports 1Q loss after spin off

Updated: 05/04/2009 - Digimarc Corp. said Monday that it booked a loss in the first quarter as its expenses increased following the company's sale of its digital watermarking business to L-1 Identity Solutions Inc. last August.

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A look at economic developments around the globe

Updated: 05/04/2009 - The European Union forecasts "a deep and widespread recession" across the continent and says unemployment among nations using the euro currency will rise to a postwar record of 11.5 percent in 2010.

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