Too good to be true: Rare ray of hope dashed in case of NY child missing more than 50 years

NEW YORK — When Jerry Damman first got news his son may have been found after vanishing from Long Island more than 50 years ago, he said it “was almost too good to believe.”

Buffett auctions off another charity lunch but bids may not top last year’s $2.1M winner

OMAHA, Neb. — Last year’s winning bid for lunch with legendary investor Warren Buffett topped $2.1 million, but given the economic turmoil, it’s questionable this year’s bidding will approach that level.

Talks set to resume Monday between Boston Globe union, following failed pay concessions vote

BOSTON — Negotiations are set to resume between The Boston Globe’s largest union and management over $10 million in contract concessions the Globe’s owner says it needs to keep the newspaper open.

10 killed in Iran unrest

TEHRAN - While Iranian President Mahmoud Ahmadinejad continued to ignore the protests against the outcome of the June 12 presidential elections, state television reported Sunday that at least 10 people were killed in Saturday’s clashes.

Top Senate Republican says Democratic efforts to overhaul health care will bury nation in debt

WASHINGTON — Sensing a political opening, the Senate’s GOP leader said Saturday that Democratic efforts to overhaul health care will bury the nation in debt.

Poor infrastructure making Pakistan’s South Punjab plum picking for Talibanisation

LAHORE - Pakistan Muslim League-Functional (PML-F) MPA from Rahimyar Khan, Makhdoom Syed Ahmed Mehmood, has said that the provincial government needs to quickly build schools, hospitals and roads in South Punjab or it will become the next region in Pakistan to be wracked by insurgency.

Maoist attack makes NALCO miss bauxite target

BHUBANESWAR - Bauxite production by the state-owned National Aluminium Co (NALCO) has fallen short of its target by 20 percent because of a Maoist attack on its mines two months ago.

Fire at Agra market, shops severely damaged

AGRA - Fire fighters battled till Saturday morning to put out a blaze that broke out at the Jatni Bagh commercial complex here at about midnight and reduced some shops to ashes, police said.

Goodyear offers buyout packages to 550 Steelworkers at Union City, Tenn. plant

AKRON, Ohio — The Goodyear Tire & Rubber Co. is offering buyout packages to 550 workers at its tire plant in Union City, Tenn., as the company reduces costs due to weak demand.

Obama talks of ‘hole’ in his heart from absent father, implores America’s dads to stay home

WASHINGTON — Growing up without a father left a painful hole in his heart, President Barack Obama told a lawnful of boys at the White House Friday in a remarkably personal Father’s Day weekend message. He implored fathers everywhere — and the kids when they’re a bit older — to stay home and stay involved in the lives of their own children.

Secured creditors would take over Star Tribune under Chapter 11 reorganization plan

MINNEAPOLIS — The Star Tribune’s main lenders will become its new owners and choose new management under a reorganization plan designed to help the financially struggling newspaper emerge from bankruptcy protection in September.

Medical Research Council survey says 1 in 4 South African men admit to rape

CAPE TOWN, South Africa — A leading South African research group said one in four male South Africans it surveyed admitted to committing rape — a finding that cast a harsh light on a culture of sexual violence that victims groups say is deeply embedded in society.

NYSE Euronext invests in rebranded Qatari stock exchange, gains foothold in Gulf

LONDON — Stock exchange operator NYSE Euronext said Friday it has invested 200 million pounds in a rebranded stock exchange in Qatar, reducing the size of its planned investment in the energy-rich Persian Gulf.

US, Switzerland reach agreement to amend tax treaty to boost disclosure of information

WASHINGTON — The United States and Switzerland have agreed to increase the amount of tax information they share to help crack down on tax evasion.

Obama emphasizing responsible fatherhood, devoting block of time to accomplishing that mission

WASHINGTON — In an unusual devotion of time for the president, Barack Obama is blocking out nearly an entire afternoon to promote the importance of being a good dad as a national priority.

Supreme leader calls Iran vote “definitive victory;” offers no concession to opposition

TEHRAN, Iran — Iran’s supreme leader said Friday that there was “definitive victory” and no rigging in disputed presidential elections, offering no concession to protesters demanding the vote be canceled and held again.

Telecom subscriber base growth dips in May

NEW DELHI - Over 11 million telephone connections were added in May, though the increase was slightly less than that registered in the previous month, India’s telecom regulator said Friday.

$600B in new taxes weighed in House to cover health care as senators lower cost of their bill

WASHINGTON — Early work on the ambitious health care overhaul the Obama administration is seeking has exposed the kinds of in-house fights that typify just how hard it will be to get meaningful legislation this year. Case in point: A proposal to help bankroll universal health coverage with a dime-a-can increase in the price of soft drinks.

A new art magazine in the circuit (Weekly art column, Rainbow Palette, with images)

NEW DELHI - Are you an avid art collector or an investor? Do you have a passion for art? Well, here is something new to look forward to.

ProLogis closes on $347 million in secured loans with life insurance firms

DENVER — Distribution-facility owner ProLogis said Thursday it has closed on three secured loans totaling $347 million that it will use to pay off other corporate debt.

Senate defeats GOP effort to kill $1 billion ‘cash for clunkers’ program

WASHINGTON — Senate Democrats narrowly defeated a GOP effort Thursday to kill a $1 billion “cash for clunkers” program that would provide government incentives of $3,500 to $4,500 to motorists who trade in old gas guzzlers for more fuel efficient vehicles.

Sallie Mae shares rise after student lender awarded 5-year government loan-servicing contract

NEW YORK — The Department of Education has selected student lender Sallie Mae and three other companies to service the $550 billion in outstanding federal student loans and future loans owned by the government.

Guantanamo detainees’ expected arrival in Palau doesn’t scare off tourists

KOROR, Palau — Palau can probably stop worrying that the expected arrival of 13 Guantanamo detainees might scare off tourists.

Profit booking persists, Sensex falls 257 points (Roundup)

MUMBAI - Profit booking continued at Indian equities markets Thursday as investors sold off realty and metal stocks resulting in a key index closing 257 points in the red, but still above the day’s lows, after having plummeted about 90 minutes before end of trade.

Toonz ties up with Ireland firm

THIRUVANANTHAPURAM - Kerala-based animation content provider Toonz Animation India has tied up with Ireland’s Telegael group to finance, develop and co-produce animation programmes for global distribution, the company said Thursday.

Police say suspected US missile strikes hit Taliban targets in Pakistan, at least 8 dead

ISLAMABAD — Suspected U.S. missiles pounded militant hideouts Thursday in the tribal belt near Afghanistan where Pakistani troops are building up for a major offensive against the country’s top Taliban leader.

Solar system’s most volcanically active body will one day become dormant

London, June 18 (ANI): A new study, with an analysis of more than 100 years of observations, has suggested that the Jupiter’s moon Io, which is the solar system’s most volcanically active body, will one day become dormant.

Leaking reflecting pool fixed where Martin Luther King Jr., widow are buried

ATLANTA — The reflecting pool cradling the crypt where Martin Luther King Jr. and his wife are buried will be fixed by Thursday, which would have been the couple’s 56th wedding anniversary.

AP IMPACT: Zicam just one of many homeopathic drugs with side effect reports, no safety tests

CAMBRIDGE, Mass. — The unsettling little secret of Zicam Cold Remedy finally spilled out this week. Though widely sold for years as a drug for colds, it was never tested by federal regulators for safety like other drugs. And that was perfectly legal — until scores of consumers lost their sense of smell.

Suspension of controversial Himachal bureaucrat revoked

SHIMLA - The Himachal Pradesh government Wednesday revoked the suspension of senior bureaucrat Subhash Ahluwalia, an accused in a disproportionate assets case, an official here said.

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