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Whats News
As of 8:28:00 AM EDT Fri, July 4, 2008
[Obama photo]
Associated Press
Obama defended his position on Iraq after saying he may "refine" his position to withdraw combat troops within his first 16 months in office if military officials said such a timeline is unsafe. Obama has faced intense pressure from likely Republican rival John McCain over the war.  8:28 a.m.
 

 
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Getty Images
UBS warned of a potential small second-quarter net loss, but reassured investors that it wouldn't have to raise capital for a third time this year as tax benefits will mitigate the effect of fresh write-downs related to the mortgage crisis.  7:00 a.m.
 

 
[Go to article.]
Reuters
BHP Billiton reached an agreement with China's Baosteel on a rise in iron-ore prices, bringing to a close one of the longest and most heated rounds of annual negotiations for the key steelmaking material.  7:53 a.m.
 
McCain's allies have found new loopholes in the campaign finance law he helped write -- and they're using them to reel in huge contributions. The controversial innovations illustrate the acute pressure Republicans feel to close the money gap with Obama.
 

 
Fugitive financier Samuel Israel III surrendered to police, capping a 23-day odyssey that began when he faked his own suicide to avoid prison.
 

 
When Claudio Capone died, actors John Travolta, Don Johnson and Ronn Moss all lost their voice -- in Italian. Mr. Capone was a towering figure -- a leading doppiatore, or dubber, in a land that has for decades shunned movies with subtitles.
 

 
Colombia freed 15 hostages -- including former presidential candidate Ingrid Betancourt and three U.S. military contractors -- held by leftist FARC rebels. The rescue mission is a victory for Colombian President Uribe and a big blow to FARC.
 
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Utility Friendly Homes
One way to avoid electric shock is to live where the kilowatts don't kill your budget. Slideshow

Deal Journal
J.P. Morgan's Jamie Dimon: "We almost deserve $4 gas."

* at closeSource: Dow Jones, Reuters
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