- BP has moved on from diamond saws to giant shears in order to cut the leaking riser pipe to prepare to siphon off oil.
- Ford says it will indeed discontinue its Mercury line of cars by the end of the year.
- With Congress on recess, a national program for summer jobs remains unfunded and could be discontinued altogether.
- Stocks are up worldwide on news that the US jobs report for May will far exceed expectations.
- Verizon is looking for partners to roll out 4G wireless towers in rural areas across America.
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