Louisiana bayou towns brace for flooding impact

AMELIA, Louisiana (Reuters) – A day after Army engineers opened a key spillway to relieve flooding along the Mississippi River, residents of small Louisiana towns braced on Sunday for a surge of water that could leave thousands of homes and farms under as much as 20 feet of water.

IMF boss faces sex charges, France in shock

NEW YORK/PARIS (Reuters) – IMF chief Dominique Strauss-Kahn was charged with attempting to rape a New York hotel maid, in a scandal that appeared to wreck his hopes of running for president of France and to open questions over his leadership of the global lender.

Israel-Palestinian violence erupts on 3 borders

MAJDAL SHAMS, Golan Heights (Reuters) – Israeli troops shot Palestinian protesters who surged toward its frontiers with Syria, Lebanon and Gaza on Sunday, killing up to 13 people on the day Palestinians mourn the creation of the state of Israel.

IMF’s Dominique Strauss-Kahn faces sex charges

NEW YORK/PARIS (Reuters) – IMF chief Dominique Strauss-Kahn was arrested and charged on Sunday with sexually assaulting a New York hotel maid, in a scandal that appeared to wreck his hopes of running for president of France.

Israel-Palestinian violence erupts on three borders

MAJDAL SHAMS, Golan Heights (Reuters) – Israeli troops shot Palestinian protesters who surged toward its frontiers with Syria, Lebanon and Gaza on Sunday, killing up to 13 people on the day Palestinians mourn the creation of the state of Israel.

Chartherhouse takes stake in green consultancy ERM

LONDON, May 15 (Reuters) – Buyout firm Bridgepoint [BRDG.UL]
said it had sold a majority stake in environmental consultancy
Environmental Resource Management (ERM) to rival Charterhouse
[CHCAP.UL] in…

Obama warns of worse crisis if no debt ceiling rise

WASHINGTON (Reuters) – President Barack Obama warned Congress that failing to raise the debt limit could lead to a worse financial crisis and economic recession than 2008-09 if investors began doubting U.S. credit-worthiness.

6 Diversified Dividend Picks for the Ultimate Retirement Portfolio

Osman Gulseven submits:

For many of us, having a solid dividend income is synonymous with having a safe and happy retirement. Whether you are an early retiree or a laggard income investor, one thing to look for is the safety of dividends. A company needs to have a history of dividend growth, as well as potential to increase dividends in the long term. To identify whether a stock fits into that criteria, one needs to look for not only the contemporary dividends, but the underlying fundamentals. Here, is a diversified list of my favorite dividend stocks associated with strong business models that will continue to create profits:

1)
Intel (INTC) is one of the safest and cheapest large-cap dividend-growth companies on the market. Over the last 10 years, profits have been going up along with dividends. While the quarterly dividends were 2 cents in 2003, the current dividend of 21 cents per share

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