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New York Mercantile Exchange › (NYMEX:UX.H12_J12.E)

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Today's Financial News

APNewsBreak: Prosecutor to drop charges against some who protested giant Hawaii telescope

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HONOLULU (AP) — Hawaii County's top prosecutor says he will dismiss charges against about 10 of the 31 protesters who were arrested while blocking construction of a giant telescope on Mauna Kea. The remaining people arrested last month were charged with obstruction of government operations. Opposition has been mounting against the planned Thirty Meter Telescope near the summit of a mountain held sacred by Native Hawaiians. The $1.4 billion project would be one of the world's largest telescopes.

For failed Atlantic City loan program, big promises fizzled as city fights to get back $3M

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CAMDEN, N.J. (AP) — When Jim Thigpen first met with an investor in early 2012 to discuss selling control of the Tennessee financial firm he had run for more than 20 years, he said W. Wesley Drummon boasted of a business plan that involved $2 billion from the Bank of China. Nothing was said about running a loan program for Atlantic City.

THE LATEST: Sepp Blatter wins 5th term at helm of FIFA as challenger Prince Ali withdraws

6 hours ago

ZURICH (AP) — The latest on FIFA developments: ___ 7:30 p.m. (1730 GMT; 1:30 p.m. EDT) Sepp Blatter has won a 5th term as FIFA president after his lone challenger forced the balloting to go a second round and then graciously pulled out. Speaking to FIFA delegates in Zurich on Friday, the 79-year-old Blatter promised "we will bring back FIFA. We will do it!"

Restaurants are increasingly turning to pre-paid ticket technology for dinner reservations

6 hours ago

At noon on a recent Wednesday in May, San Francisco's Lazy Bear restaurant began taking reservations for June. Just 45 minutes later, nearly every seat for the entire month was sold out. Not reserved. Sold. As in, every meal for almost every seat for an entire month bought and paid for in advance. That's because Lazy Bear uses an increasingly popular ticketing system model for its "reservations" that asks diners to pay upfront for their meals much the way theater patrons pay for their seats. The tickets cannot be refunded or changed, though they can be given to someone else, much as one could with tickets to a concert or a baseball game.

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