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Business News on May 22, 2011

Reuters Global Luxury and Fashion Summit -- 23-25 May 2011 -- Some of World's Leading CEOs in Luxury Goods and Services Discuss What's Ahead With the Sector
Some of the world's leading names in fashion and luxury goods and services will visit the Reuters bureaus in New York, London, Paris and Hong Kong from May 23-25 to discuss the outlook for the sector in a series of exclusives interviews. The stories and videos from the closed on-the-record sessions at the Reuters Global Luxury and Fashion Summit will be posted online at http://www.reuters MarketWire

Los Angeles Lakers Win It All! (at Red Bull Soapbox Race)
On Saturday afternoon in Downtown Los Angeles, some very recognizable personalities were seen tearing down the city streets. A crowd of 115,000 spectators lining 5th Street and Grand Ave. witnessed a Humvee soapbox driven by an Arnold Schwarzenegger look-alike as he kicked-off Red Bull Soapbox Race MarketWire

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