Today's Headlines

Bloomberg:
- Coca-Cola Co.(KO) agreed to buy the maker of Glaceau Vitaminwater for $4.1 billion to narrow the gap with PepsiCo Inc. in sales of noncarbonated drinks.
- A plan to screen every American for HIV is set to receive $45 million in funding, raising hopes of improved AIDS prevention and boosting the outlook of testing companies.
- Venezuelan President Hugo Chavez’s pledge to withdraw from the International Monetary Fund may violate terms of the country’s foreign bonds, allowing investors to demand their money back.
- Shares of Archstone-Smith Trust(ASN), the second-largest US apartment REIT, surged as much as 11% after investment bank UBS AG(UBS) said the company may be a takeover candidate.
- GM and Delphi Corp. management and investors are nearing an agreement with the United Auto Workers that would defuse a strike threat at the former GM auto-parts unit.
- The US dollar headed for a fourth straight weekly gain versus the euro as signs of a recovery in the US housing market prompted traders to scale back expectations for a rate cut.
- China’s oil imports from Sudan soared over 600% in April amid increased international pressure to cut economic support for the African nation, accused by the US of supporting genocide.

Wall Street Journal:
- A proposed US Senate bill would require utilities to generate 15% of their power from wind, the sun, and other cleaner energy sources by 2020. The amount compares with about 2% currently. The measure has bipartisan support and is backed by environmental groups.
- Chinese imports of copper slowed in April from the previous month’s record pace amid concern that the world’ biggest consumer of the metal may be oversupplied.

Washington Post:
- Two new books about Senator Hillary Rodham Clinton depict a tortured relationship with her husband and challenge the image she has presented on the presidential campaign trail. The books were both written by longtime Washington journalists, and include a number of assertions and anecdotes that could challenge the NY Democrat’s presidential campaign with unwanted questions. Carl Bernstein wrote, “A Woman in Charge: The Life of Hillary Rodham Clinton,” which says that Clinton, as First Lady, was terrified she would be prosecuted and personally took over her own legal and political defense. “Her Way: The Hopes and Ambitions of Hillary Rodham Clinton,” written by Jeff Gerth and Don Van Natta, reports that during the 1992 presidential campaign, she hired a private investigator to undermine Gennifer Flowers, who said she had an affair with Bill Clinton.

AP:
- The US Institute of Medicine called yesterday for tobacco to be regulated by the FDA, with nicotine levels to be reduced.
- Drivers in New Jersey have the lowest gasoline prices in the US, citing the American Automobile Association.

National Post:
- A group of Canadian senators consulted with US billionaire investor Warren Buffett to get his views on hedge-fund regulation. Canada’s senate banking committee has been studying whether hedge funds are a threat to the economy and if there is a need for increased regulation.