Missing piece found in particle puzzle: scientists

GENEVA (Reuters) – Research scientists announced on Monday they had identified the missing piece of a major puzzle involving the make-up of the universe by observing a neutrino particle change from one type to another.

ECB warns of more bank loan losses

FRANKFURT/MADRID (Reuters) – The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a “second wave” of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds.

Attorney general to visit Gulf Coast Tuesday

WASHINGTON (Reuters) – Attorney General Eric Holder will survey the damage from the Gulf Coast oil spill on Tuesday and meet with federal prosecutors and state attorneys general, the Justice Department said on Monday.

Bernanke Mulls Higher Interest Rates, Reeling In Stimulus

WASHINGTON — The delicate task ahead for the Federal Reserve and other central banks is deciding when to start boosting interest rates and reeling in all the stimulus pumped out during the global financial crisis, Fed Chairman Ben Bernanke said Sunday.

Bernanke, however, didn’t provide any new clues on that front.

Read more: Bernanke, Interest Rates, Fed, Fiscal Policy, Stimulus, Economic Stimulus, Credit, Bernanke Fed, Federal Reserve, Economic Crisis, Monetary Policy, Business News

BP payouts can’t save fishing season that got away

GOLDEN MEADOW, Louisiana (Reuters) – Carol Terrebonne, a wholesale retailer who buys shrimp off the boats in southern Louisiana, laughs when asked about the $5,000 hardship payout she has received from energy giant BP to cushion the economic impact of the Gulf oil spill.

Gulf oil spill threat widens

VENICE, Louisiana (Reuters) – Oil from BP’s out-of-control Gulf of Mexico oil spill could threaten the Mississippi and Alabama coasts this week, U.S. forecasters said on Monday, as public anger surged over the country’s worst environmental disaster.