OConnor Waves Goodbye to the Bench

The first female justice on the Supreme Court of the United States (SCOTUS) announced her intention to retire from the high court in a letter to President Bush. After getting the job in 1981, the distinguished Sandra Day O'Connor leaves a vacancy for Bush's first appointment to highest court in the land.

Crude Oil Hovers In $57 Range

August contract crude climbed back up to $57.80 a barrel after opening at $56.80 on the New York Mercantile Exchange in morning trades. Brent crude took off this morning to $56.70, up a dollar from the opening. Heating oil was up 4 cents and gasoline was up two.

Boeing Bags McNerney

The Boeing Company announced on Thursday they elected W. James McNerney chairman of the board, president and CEO effective on Friday, July 1. The former 3M chief comes to Boeing after recent tough times for the aircraft giant. McNerney will make the third CEO since 2003.