AFP - US President Barack Obama aims to grab back the initiative in a riotous debate unleashed by his order to shut Guantanamo Bay, under political fire from critics and allies alike....

Business news

Asian stocks slip, dollar loss deepens (Reuters)

Reuters - The dollar hit its lowest in almost five months and Asian stocks slipped on Thursday after news that the Federal Reserve lowered its forecasts for U.S. economic growth for the next three years.

Target posts 13 percent drop in 1st-quarter profit (AP)

AP - Discount retailer Target Corp. reported a 13 percent decline in first-quarter profit on Wednesday as it confronts sluggish consumer spending. But the results beat analysts' estimates because of cost-control measures.

BofA seeks to repay $45 billion by year-end: report (Reuters)

Reuters - Bank of America Corp wants to pay back $45 billion in bail-out funds by the end of the year, accelerated by a program to raise capital, the Financial Times reported on its website late on Wednesday.

Fed mulled increasing Treasury buys: minutes (Reuters)

Reuters - The U.S. Federal Reserve saw modest improvements in the economic outlook at its April meeting, but mulled increasing purchases of mortgage agency and government securities to give the recovery an additional push, minutes of the meeting showed on

Dollar hits four-month low against euro (AFP)

AFP - The dollar sank Wednesday to a four-month low against the euro as rebounding Wall Street stocks encouraged investors to switch away from the safe-haven US currency.

Entertainment news

Nepalese Sherpa climbs Everest for 19th time (AFP)

AFP - A Nepalese "Super Sherpa" conquered Mount Everest for a breathtaking 19th time on Thursday, breaking his own previous world record, officials said.

American Idol's Runner-Up Adam Lambert: "It Felt So Good" (E! Online)

E! Online - "What a night, right?" asked Adam Lambert backstage after tonight's American Idol finale, a big smile on his face. "It felt so good. I got to sing with Queen and with Kiss. I mean, first or second, it doesn't matter to me; I got to sing with t

New 'American Idol' Named in Show's Finale

As the finale got under way Wednesday, host Ryan Seacrest said more than 100 million votes were cast after Tuesday's singing showdown between Adam Lambert and Kris Allen

Sport news

Upton helps Diamondbacks split doubleheader (AP)

AP - Justin Upton helped end a long, sad day for the Arizona Diamondbacks with a mammoth home run.

Magic stun LeBron, Cavaliers 107-106 in Game 1 (AP)

AP - LeBron James chewed on his fingernails as he talked quietly with Mo Williams in the corner of Cleveland's muted locker room. As they reviewed the game's final seconds, the two stars stared blankly at a boxscore floating in an ice tub above James' fee

WWE moving Monday show from Denver to Los Angeles (AP)

AP - Vince McMahon claims he's being thrown out. His opponent insists McMahon is the double-crosser.

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Obama seeks to grab control of Guantanamo debate (AFP)