Black's Gems, Servants on Park Avenue May Sour Jurors (Correct)

(Bloomberg) -- Conrad Black, as chairman of Hollinger
International Inc., lived a lifestyle so lavish that he needed
two Park Avenue apartments -- one for his servants.

His wife, Barbara Amiel Black, had five separate closets for
her evening gowns, $500 shoes and $7,000 handbags in their London
townhouse. His chauffeur had a corporate American Express card he
used to shop for the couple.


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UPDATE 1-US home sales, prices to slip further this year--NAR

(Reuters) - WASHINGTON, June 6 - U.S. home sales and prices
will fall at a faster pace in 2007 than originally expected, a
leading U.S. realty trade association predicted on Wednesday.




The National Association of Realtors trimmed its sales
forecast for the fourth straight month and also expanded the
speed at which sales prices would drop.


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White House revises U.S. 2007 growth forecast down

(Reuters) - The latest figures, presented on a
fourth-quarter-over-fourth-quarter basis, update estimates that
were made last November. They will be used in a mid-year review
that the White House will issue later.




The main reason for revising the figures down was because
the economy grew at a weak pace in the first quarter of this
year, though the Bush administration forecast the pace of
growth will pick up as the year wears on.


Read more at Reuters.com Economic News

U.S. Stocks Retreat on Inflation Concern; Borders, Panera Shares Decline

(Bloomberg) -- U.S. stocks fell for a second day,
pushing the Standard & Poor's 500 Index to its biggest two-day
drop since March, on concern that inflation is accelerating.

Home Depot Inc., the largest home-improvement retailer, led
the Dow Jones Industrial Average lower. Panera Bread Co. declined
the most in six years after the bakery chain cut its forecast for
profit and sales due to higher fuel costs.


Read more at Bloomberg Stocks News

Fed's Lacker: Not clear inflation is moderating

(Reuters) - Lacker does not have a vote this year on the Fed's interest-rate setting panel.




Lacker said that the rise in unit labor costs -- a gauge of the labor costs associated with any given unit of production -- had been consistent with the rise in inflation seen recently.


Read more at Reuters.com Business News

Congo Suspends Flights on Eastern Route, Halting Tin Exports From Kivu

(Bloomberg) -- The Democratic Republic of Congo,
Africa's third-biggest tin producer, suspended flights in the
east of the country on a route used by most of the nation's
exporters of the metal, traders said.

Aviation authorities suspended flights between Goma,
capital of North Kivu Province, and Walikale 100 kilometers (62
miles) to the west, Brian Christophers, managing director of
Mining and Processing Congo SPRL, said in an interview from
Goma. The flights were suspended in order to carry out security
inspections.


Read more at Bloomberg Commodities News

European Two-Year Bond Yields Hold at Six-Year High on Trichet Rate Views

(Bloomberg) -- European two-year government bonds
yields held near the highest since May 2001 after European
Central Bank President Jean-Claude Trichet hinted at further
increases in borrowing costs

Yields on benchmark 10-year bunds, more sensitive to the
inflation outlook, stayed at the highest in more than three years
after Trichet said interest rates in the euro region are still on
the ``accommodative'' side. The ECB lifted its refinancing rate a
quarter point to 4 percent today as predicted by all 54
economists in a Bloomberg News survey.


Read more at Bloomberg Bonds News