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Investor's Business Daily

| July 05, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Justice O'Connor Steps Down

1Sandra Day O'Connor, 75, the first woman on the Supreme Court and a moderate who often controlled the outcome on abortion, affirmative action and other issues, announced her retirement after 24 years. O'Connor, nominated by President Reagan, generally favored states in disputes with the federal gov't and ruled for enhanced police powers. More on this page

Battle Looms For Bush Nominee

2President Bush said he would nominate a Supreme Court justice fast enough to fill the vacancy by the time the court resumes work in Oct. It's been 11 years since the last opening on the court. Democrats are poised to oppose any conservative pick that could swing the balance of power. It's not clear if Bush will pick a social or business conservative. More on this page

Crude Roars Back To Near $59

3After falling $4.04 over the prior 3 days, Aug. crude jumped $2.25 to $58.75 a barrel, rising above $59 intraday ahead of the long holiday weekend. Heating oil futures set a new high as gasoline futures also jumped. Still, despite hitting an intraday record of $60.95 on Monday, crude ended the wild week down $1.09. More on B15

Manufacturing Picked Up In June

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