U.S. News & World Report - It's a tumultuous time for retailers--and the malls they inhabit. With anxious consumers hoarding cash, several major retail chains have bitten the dust, and others may follow. Some malls are likely to go out of business as well. To gauge the damage, U.S. News asked Steve Sterrett, chief financial officer of Simon Property Group, the nation's biggest mall operator, about the retail economy, prospects for a recovery, and the signs of a troubled mall. Excerpts:
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Reuters - The Air France plane that crashed into the Atlantic last month hit the water intact and at high speed but was missing for six hours before an emergency was declared, French investigators said on Thursday.
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 The Yahoo! Newsroom - Armageddon. Apocalypse. Disaster: These are the words being used to describe California's staggering $24 billion budget deficit. Lawmakers failed to pass a budget by Tuesday's midnight deadline and the state may now have to issue billions in IOUs to cover the bills.
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Reuters - South Carolina Governor Mark Sanford, who faces growing calls to quit over his affair with an Argentine woman, did not misuse public funds in trips he made to see his mistress, the state's top police official said on Thursday.
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 Reuters - A public memorial for Michael Jackson is expected Tuesday in Los Angeles, a venue official said, while a lawyer for the pop star's ex-wife said she hasn't decided whether to fight for custody of their children.
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