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Reuters - Corn prices surged to a record high on Monday and looked set to climb further as widespread flooding in a key producing region, the U.S. Midwest, helped to heighten concern about tight supplies, dealers said.

Reuters - U.S. prosecutors are preparing to file criminal charges against managers of two Bear Stearns hedge funds whose collapse helped kick off the credit crisis last year, the Wall Street Journal reported on Monday.

AP - Coldplay, "Viva La Vida or Death And All His Friends" (Capitol Records)

AFP - The FTSE 100 made gains in late Monday morning trade as the price of oil fell amid talk Saudi Arabia will raise output.

Federal prosecutors, capping a yearlong investigation, are preparing to file criminal charges against managers of two Bear Stearns Cos. hedge funds whose collapse helped mark the start of the credit crisis.

The U.S. Attorney's office in Brooklyn is slated to complete interviews of witnesses and other key people in the case this week, and has indicated to lawyers with interest in the case that indictments could be imminent, according to people familiar with the matter.

Monday, June 16, 2008; A07

SENATOR'S SERMON

Obama Discusses Duties of Fatherhood

Calling himself "an imperfect father," Sen. Barack Obama (D-Ill.) spoke of the need for more African American men to live up to their responsibilities in a Father's Day sermon yesterday.

E! Online - The Bonnaroo boobirds were out in full force for Kanye West this weekend.

In one of his first major steps since being named chief executive of struggling Maguire Properties Inc., Nelson Rising hopes to raise hundreds of millions of dollars by selling Park Place, a 105-acre office park and development site in Orange County, Calif., that had been a pet project of founder and former Chief Executive Robert Maguire III.

Maguire Properties, a large owner of California office buildings, also will raise $100 million to $110 million of much needed cash by adding debt to its Plaza Las Fuentes, a mixed-use property, and Westin Pasadena Hotel, both in Pasadena. In addition, the company is set to announce Monday that its chief financial officer, Martin Griffiths, and two other senior executives will be leaving the company.

Reuters - Broadcasters still do not know if they will be allowed to transmit live from outside venues or 'iconic' sites like Tiananmen Square during the August Olympics, according to a satellite service provider in Beijing.

E! Online - When someone is injured having sex on the job, we're tempted to ask, What kind of job are we talking about here? In this case, however, there's nothing that kinky about it. Cable kinky is all. Mary-Louise Parker told People at last night's Tony Awards that she broke a toe during a sex scene for Weeds.