Saturday, July 4th 2009 6:04 AM

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BUSINESS HEADLINES
Obama calls for reform in Independence Day address (AFP)

A Wall Street sign outside the New York Stock Exchange. US President Barack Obama urged Americans, who celebrate Independence Day, to implement broad economic and social reforms, expressing confidence the country will be able to overcome the challenges it is facing.(AFP/File/Stan Honda)AFP - US President Barack Obama urged Americans, who celebrate Independence Day Saturday, to implement broad economic and social reforms, expressing confidence the country will be able to overcome the challenges it is facing.
ALL BUSINESS: Cash is king for investors (AP)

Traders work on the floor of the New York Stock Exchange Tuesday, June 30, 2009. (AP Photo/Richard Drew)AP - That old saying "cash is king" certainly rings true these days. Investors can't seem to get enough of it, which ultimately could be bad news for the stock market and the economy.
Canada finance minister says unemployment to rise (AP)
AP - Canada's finance minister said Friday that the country's economic recovery will likely be modest and job losses will mount into 2010 even after growth has begun.
SPORTS HEADLINES
Dodgers' Ramirez hitless in return from suspension (AP)

Los Angeles Dodgers' Manny Ramirez returns to the dugout between innings in a baseball game against the San Diego Padres Friday, July 3, 2009, in San Diego. (AP Photo/Lenny Ignelzi)AP - Manny Ramirez is back in the big leagues, looking like a guy who missed 50 games. Returning from his suspension for violating baseball's drug policy, the Los Angeles slugger barely hit the ball out of the infield in the Dodgers' 6-3 win over the San Diego Padres on Friday night.
Reports: Turkoglu headed to Toronto Raptors (AP)

FILE - In this June 11, 2009 file photo, Orlando Magic's Hedo Turkoglu, from Turkey, celebrates a shot in the fourth quarter of Game 4 of the NBA basketball finals against the Los Angeles Lakers in Orlando, Fla. Free agency opens in the NBA on Wednesday, July 1, 2009, and the Magic appear likely to lose Turkoglu after trading for Vince Carter last week. (AP Photo/John Raoux, File)AP - Free agent Hedo Turkoglu will join the Toronto Raptors after spurning the Portland Trail Blazers, according to multiple reports.
Federer seeks 15th Slam vs. Roddick at Wimbledon (AP)

Roger Federer of Switzerland reacts, during his men's singles semifinal against Tommy Haas of Germany at Wimbledon, Friday, July 3, 2009. (AP Photo/Kirsty Wigglesworth)AP - Rising, rising, rising, high above the most famous patch of grass in tennis, Roger Federer channeled Pete Sampras on match point in the Wimbledon semifinals Friday, tucking both feet back beneath his body and uncorking an overhead smash.
































































TOP LOCAL STORIES
Endeavour Joins Atlantis Outside At KSC
Shuttle Discovery's rescue vehicle is being readied for launch.
NATIONAL HEADLINES from ABC NEWS
Police: Arizona woman led sons on crime spree (AP)
AP - Cynthia Mary Roberson is an unemployed mother who police say led her 12- and 14-year-old sons and their friends to commit at least 20 armed robberies and assaults, including the beating of a teenage boy who had nothing more than an orange lollipop.
Calif. bullet train hits criticism on SF Peninsula (AP)

Menlo Park Vice Mayor Richard Cline walks next to an arriving train at the CalTrain station in Menlo Park, Calif., Wednesday, May 20, 2009. Last November, more than 60 percent of voters on the San Francisco Peninsula supported a $9.9 billion bond measure to help pay for a high-speed rail line between San Francisco and the Los Angeles area. (AP Photo/Marcio Jose Sanchez)AP - Last November, more than 60 percent of voters on the San Francisco Peninsula supported a $9.9 billion bond measure to help pay for a high-speed rail line between San Francisco and the Los Angeles area.
Palin resignation leaves questions on 2012 run (AP)

Alaska Gov. Sarah Palin announces that she is stepping down from her position as Governor in Wasilla, Alaska on Friday July 3, 2009. The former Republican vice presidential candidate made the surprise announcement, saying she would step down July 26 but didn't announce her plans. (AP Photo/The Mat-Su Valley Frontiersman, Robert DeBerry)AP - Even for a nonconformist, Alaska Gov. Sarah Palin has defied political logic with her sudden, stunning announcement to leave office more than a year early.
Powerful sedative found in Michael Jackson's home (AP)

Jermaine Jackson, right, and Jackie Jackson drive out of the Jackson family home in the Encino section of Los Angeles, Friday, July 3, 2009. (AP Photo/Matt Sayles)AP - Questions about Michael Jackson's use of prescription drugs are intensifying after a powerful sedative was found inside his home.
Jackson kids face hurdles to coping with his death (AP)

A card signed by fans is shown at the gates of the late Michael Jackson's former residence, Neverland Ranch, in Los Olivos, Calif., Friday, July 3, 2009. (AP Photo/Rick Bowmer)AP - No matter how unusual their lives may have been so far, Michael Jackson's children now face a universal trauma felt by all kids who suddenly lose a parent.