Reuters - Daimler AG will resume share buybacks after a temporary pause, the German carmaker said, outlining plans to spend up to 6 billion euros ($9.31 billion) to repurchase 10 percent of its stock.

Plenty of Precedent for FCC Delays on XM-Sirius
June 17, 2008; Page A22

The problem of inaction at the FCC, which the Journal editorialized about in connection with the XM-Sirius merger, is neither new nor unusual ("FCC Foot-Dragging¹," June 12). And by FCC standards, the 400-plus days that the XM-Sirius matter has been languishing before the agency is not very long. Delay has been a serious problem at the FCC for as long as the agency has been in existence.

I am an attorney who has been representing clients before the FCC for nearly four decades, and I've been railing against delay since 1979 when a letter that I sent to President Carter concerning the problem of delay found its way to then budget director Alfred Kahn. Mr. Kahn circulated the letter to "All Agency Heads" with a memo stating that "one of the most frustrating, intractable, pervasive defects of the regulatory process is delay" and that "worse than delay itself is the apparent attitude of indifference, or fatalistic acceptance of, that delay that so many regulatees feel that they encounter." Mr. Kahn's admonition to all agency heads to attack the problem of delay fell on blind eyes.

Reuters - Goldman Sachs Group Inc is near completing the rescue of a $7 billion structured investment vehicle, a source familiar with the matter said, boosting hopes for a revival in the market for mortgage assets in which the SIV invested.

Reuters - Movies proved over the weekend that they can hold up to overseas soccer hysteria as two summer blockbusters topped $30 million, two went over $20 million and two exceeded $10 million.

E! Online - Did Chris Martin & Co. swipe the melody for "Viva la Vida," the group's new song on those iTunes commercials?

E! Online - OMFG. Consider the Gossip Girl word sufficiently spread.

Reuters - Internet media firm Yahoo Inc said on Tuesday that its mobile search service will be offered by six more telecom companies in Asia.

Reuters - The European Commission, a thorn in Microsoft's side for its antitrust campaigns against the software giant, is falling short in its own internal attempt to promote more competition in the technology sector.

E! Online - Amy Winehouse appears to be just what the doctor ordered.

Reuters - Record-high crude oil costs sent wholesale inflation soaring in May, but a key gauge of underlying price pressures likely moved ahead at a slower pace than the month before, according to a Reuters poll.