AP – Fitch Ratings on Monday said late payments on high-risk residential mortgages known as Alt-A loans fell last month for the first time in four years as more borrowers caught up on their payments and modified their loans.

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April delinquencies fall for Alt-A mortgages
(AP)

Reuters – The International Monetary Fund said on Monday that Greeces public debt is sustainable over the medium term but persistent low growth, or even a moderate economic jolt, could set back the euro zone country.

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Greek debt sustainable but plenty of risks – IMF
(Reuters)

AFP – Greece on Tuesday will ask the European Union and International Monetary Fund for a first tranche of debt aid worth 20 billion euros (26 billion dollars), a finance ministry source told AFP.

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Greece to ask EU, IMF for first tranche of debt aid
(AFP)

AFP – British no-frills airline easyJet on Tuesday lowered its full-year profits forecast after announcing that travel disruption caused by the volcanic ash cloud had cost it between 50 and 75 million pounds.

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easyJet lowers earnings outlook after ash cloud
(AFP)

AFP – Londons leading shares soared higher on Monday on news of a trillion-dollar rescue deal agreed by the European Union and International Monetary Fund to ease the eurozone debt crisis.

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FTSE soars on mammoth eurozone rescue deal
(AFP)

AP – Attorneys for Dole Food Co. launched an attack in court Monday against six Nicaraguan men and their lawyers, saying fraud led to a $2.3 million verdict in a lawsuit that claimed exposure to pesticides made the men sterile.

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Calif. judge considers dismissing Dole banana suit
(AP)

AP – The Democratic-controlled Legislature on Monday sent a bill raising income taxes for the highest-paid Minnesotans to a tax-averse Gov. Tim Pawlenty as part of their plan to wipe away a $2.9 billion deficit.

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Minn. lawmakers vote to raise taxes, cut spending
(AP)

AP – The Treasury Department is lax about keeping records of its negotiations with bailed-out banks, including undocumented conversations in which billions of taxpayer dollars are at stake, a new watchdog report says.

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Watchdog: Treasury lax with records in bank talks
(AP)

AP – Asian stocks fell Tuesday as a relief rally triggered by a $1 trillion plan to contain Europes debt crisis fizzled out.

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Asian stocks fall as EU bailout rally peters out
(AP)

AP – Toyota cruised back to profit in the latest quarter as the worlds top carmaker cut costs and hitched a ride on the global auto sales recovery while fighting to salvage its reputation for quality.

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Toyota quarterly profit $1.2 bln as sales recover
(AP)

AP – The blame game is in full throttle as Congress begins hearings on the massive oil spill threatening sensitive marshes and marine life along the Gulf Coast.

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Senate hearings prompting spill blame game
(AP)

It wouldn’t feel right not writing something about Joanna Newsom every now and then, just like it wouldn’t feel right not reading something about Lady Gaga every few days/hours/minutes. Now the two have been neatly combined as the High Priestess of Harp ‘went off on one’ in a recent interview with…

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Joanna Newsom: Lady Gaga = Arty Spice

Even though this is a fine, fine record, a really very good album without an awful track or even the hint of a real mis-step, it never quite matches the ragged rush of Sound Of Silver. Read the full story on DrownedinSound.com

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LCD Soundsystem – This is Happening

Anton Dudley reveals less interest in the scourge of AIDS than in banal emotional housekeeping in his play “Letters to the End of the World.”

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Theater Review | ‘Letters to the End of the World’: Anton Dudley’s Play About the Effects of AIDS

Half of our mad music ministry duo, Rob Levy, returns with more picks for your Music Monday enjoyment. First up, it’s back to 2006 and “Integral,” from the Pet Shop Boys’ Fundamental .

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Music Monday: Pet Shop Boys, Pantha du Prince, and The Fall

Portable hard drives are getting popular with the passing of each day almost and lots of instances can be cited in its support. Well, a hard drive happens to be a computer device that stores information; portable hard drives do perform the same role. The only difference is that these are portable and can be taken to anywhere depending on the whim of the owner.

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vip news : Portable hard drives business going up

Argo Group International Holdings, Ltd., globally celebrated underwriter of specialty insurance and reinsurance products, has announced the formation of Alteris, Inc., a services-oriented, complete solutions provider for the managing general agency community. It is to be noted by means of an incorporated new business platform, Alteris is capable enough to proffer consumers an extensive assortment of exclusive risk solutions for specialty programs and alternative risks.

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vip news : Alteris, Inc. of Argo Group becomes a reality

AP – LOSSES GROW: Recently merged live event company Live Nation Entertainment Inc. posted a first-quarter loss of $112 million, up from a loss of $103 million a year earlier.

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Summary Box: Live Nation 1Q loss grows post-merger
(AP)

AP – Speech-recognition software maker Nuance Communications Inc. said Monday that it moved to a loss in its fiscal second quarter as expenses more than offset an increase in revenue.

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Nuance reports fiscal 2Q loss with higher expenses
(AP)

Playbill – Lena Horne, the elegant and statuesque singer who broke down color barriers by becoming one of Hollywood’s first African-American female stars, and who later made a triumphant return to Broadway, died on May 9 at New York-Presbyterian/Weill Cornell Medical Center in New York. She was 92 and lived in Manhattan.

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Lena Horne, Singer and Actress, Dies at 92
(Playbill)

Playbill – Clybourne Park , Bruce Norris’ play inspired by A Raisin in the Sun, showing the people and events leading to racial changes in a white neighborhood – and the people and events 50 years later – has been added to the 2010-11 season of American Conservatory Theater (A.C.T.) in San Francisco.

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A.C.T. Will Present ‘Clybourne Park’ in 2011
(Playbill)

Playbill – Two-time Tony Award winner Cherry Jones and Academy Award winner Olympia Dukakis will add texture to the 2010-11 season of the not-for-profit Roundabout Theatre Company. Jones will star in George Bernard Shaw’s Mrs

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Cherry Jones Is ‘Mrs. Warren’, Olympia Dukakis Is ‘Milk Train”s Memoirist for Roundabout
(Playbill)

Playbill – Alabama Shakespeare Festival will stage three world-premiere productions of plays set on its home turf – Montgomery, AL – in the 2010-11 season.

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For Its 25th Anniversary, Alabama Shakespeare Fest to Mount World Premieres With Local Flavor
(Playbill)