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WCBE's Offices will be closed on 7/3 in observance of Independence Day.

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  • The home-improvement retailer Lowe's has reportedly agreed to buy Orchard Supply Hardware Stores. The sale price is expected to top $200 million. Orchard is a California-based hardware-and-garden chain. It was once owned by Sears, and is now about $230 million in debt.
  • In Erie, Pa., firefighters rescued a cat and the woman who tired to get it out of a tree. Stuck in the top branches was Tara Dennis, according to the Erie Times-News.
  • Before the next drawing, on Saturday night, experts say the lottery could top $1 billion.
  • The grocery store Sainsbury's showed a photo with a fruit scone smothered in cream and jam. The problem: the photo showed jam on top of the cream. Customers in Cornwall argued the jam must go first.
  • Guinness World Records recognized her as the female artist with the most hits on Billboard's Hot Country songs charts and for the most decades with a top 20 hit on Billboards Hot Country Songs Chart.
  • NPR's Eric Weiner reports that Japan's worst economic downturn since World War II has radically changed expectations of young college graduates. In years past, the country's corporate giants would go to the top schools and actively recruit new employees, who generally were given jobs for life. Now it is the students who are chasing employers. And many of them are not finding jobs. Some have given up on full-time employment and simply bounce from one part-time job to another while living with their parents.
  • Southern California Edison, one of California's cash-strapped electric utilities, defaulted to some of its creditors today. It failed to repay, at least temporarily, a 596-million-dollar wholesale electricity bill. The move brings the company a step closer to bankruptcy. The utility said the action was necessary to allow it to continue operations while state and federal officials seek a regulatory solution to California's power crisis. The state, meanwhile, declared another top level power emergency today, citing a shortage of natural gas needed to generate electricity. Scott Horsley reports.
  • Noah Adams talks with reporter Tom Gibb about a massive fire which has crippled an enormous 40-story offshore oil rig located 75-miles off Brazil's Atlantic coast. Officials are trying to prevent a spill of the 400,000 gallons of oil on board. The rig may sink within 48 hours. Three explosions on Thursday damaged a pillar supporting the rig; the explosions killed one worker and left nine others missing and presumed dead. The offshore rig was Brazil's top oil producer in the rich Campos Basin.
  • Thomas Ricks, senior Pentagon correspondent for The Washington Post, discusses this week's long-awaited progress report from Gen. David Petraeus and Ambassador Ryan Crocker, the top two American officials in Iraq.
  • You can buy "full destroyed" high top sneakers. The sneakers come shredded and dirty. For a mere $1,850, you too, can look like you don't care how you look.
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