Some highlights from the day's business news:
U.S. stocks rose Monday as commodity prices regained ground, overshadowing worries about the fiscal crisis in Greece that hung over the market.
The Dow Jones industrial average rose 46 points, or 0.3%, to 12,684. The S&P 500 gained 6 points, or 0.5%, to 1,346. The Nasdaq Composite advanced 15 points, or 0.5%, to 2,843.
After a sharp sell-off last week, commodities rebounded Monday. Oil jumped 5% to above $102 a barrel. Silver prices gained 6% and gold rose over 1%.
Pictures can't describe the misery playing out along the MississippiĀ River for those unprotected by flood levees and walls.Ā Some homes, farms and businesses will be 25 feet underwater for weeks until the water recedes.
The river is still rising from Memphis, Tennessee, to the south. In Memphis, where the river is expected to crest at a near-record 14 feet above flood stage on Tuesday morning, the water was moving at 2 million cubic feet per second on Monday. At that speed, water would fill a football field at a depth of 44 feet, according to the Army Corps of Engineers.
Earthen levees should keep most of the larger towns and cities safe as an extraordinarily high volume of water runs down the Mississippi to the Gulf of Mexico.Ā But levees can fail, in part because moving water has tremendous force. This force will try to erode, saturate, undermine and destroy everything in the way.
Comment of the day:
"Bring 'em home." –Lawson58
David Frum, a CNN.com weekly columnist and former special assistant to President George W. Bush, addressed whether the United States military should remain in Afghanistan. His bottom line: Scale back U.S. forces in Afghanistan and focus on threats from Pakistan.
What do CNN.com readers think? Is it time to begin leaving Afghanistan?
ding6 said, "We should have left Afghanistan to the tender mercies of the Taliban long ago. The Afghan people are responsible for throwing off the yoke of radical Islam, not the U.S. military. Osama bin Laden is dead. Bring our troops home now."
Tyler1234 said, "Yes, it's time to get out of Afghanistan and Iraq completely. We could save billions and there is no need to be in those countries. The war on terror is an intelligence war."
It probably wasn't the way Phil Jackson hoped to end his run with the Los Angeles Lakers, but don't think for one second that his legacy is tarnished. The 65-year-old coach sat nearly helpless as his team fell apart Sunday night, giving the Dallas Mavericks a four-game sweep. But, as SI.com's Jack McCallum explains, Jackson's impact on the NBA and his accomplishments as a coach are virtually unmatched, despite a lackluster playoff performance by the defending champions.
"We have to assume that this exit is permanent (he swears it is), and so does the 65-year-old Jackson exit having fallen short of his fourth three-peat," McCallum writes. "Of course, using falling short in conjunction with Jackson's career is just wrong, and not just because he stands 6-foot-8 and seemed taller than that when he was walking with two good hips and two good knees. Jackson won 70 percent of his regular-season games and 69 percent of his playoff games, and there is the small matter of his 11 championship rings. That makes him perforce the most successful coach in NBA history (no objective argument to the contrary is possible), and I would argue that he is also the best."
Jaycee Dugard, who was held captive for 18 years after her kidnapping by a California couple at age 11, will release a memoir telling "the full story of her ordeal" this summer, the book's publisher said Monday.
Dugard's "A Stolen Life," due in stores July 12, will cover the period from her 1991 abduction to the present, publisher Simon & Schuster said.
"In her stark, compelling narrative, she opens up about what she experienced, including how she feels now since she was found," the publisher said in a news release.
[Updated at 3:23 p.m.] Twelve suspected members of the Zetas drug gang and a member of Mexico's Navy were killed in a shootout on an island in a lake that straddles the U.S.-Mexico border, authorities said Monday.
The Mexican Navy said the shootout occurred Sunday on Falcon Lake, located between Texas and the Mexican state of Tamaulipas, after troops patrolling the area spotted a camping area on an island.
The suspected drug traffickers used the island for storing marijuana to be transported by boat to the United States, the Navy said in a statement.
Belgian cyclist Wouter Weylandt, 26, died in a crash during a downhill portion of the Giro d'Italia event, according to SteepHill.tv, a cycling site that was broadcasting the competition.
Weylandt's death marks the first time in 16 years a cyclist has died during a major event. Italian rider Fabio Casartelli died in the 1995 Tour de France. Three other cyclists have died during the Giro event since it began.
When he crash, Weylandt was going downhill, just about 12 miles from the finish, according to SteepHill.tv, during the third stage of the 21-stage, 107-mile event. Weylandt won the same stage in last year's race.
After Monday's crash, announcers said Weylandt was laying unconscious on the pavement. He was unresponsive on the course, even after a medical team cut his helmet to try to perform CPR, according to cycling site VeloNation.
The site said Weylandt was flown to a nearby hospital, but doctors couldn't do anything. The BBC reported dcotors tried for 40 minutes to revive him.
"Things like this shouldn't happen. Absolutely sick to the stomach," British cyclist Mark Cavendish wrote on Twitter, as he immediately reacted to the news. "My thoughts are with his family. RIP Wouter Weylandt."
Weylandt joined the Leopard Trek team earlier this year.
"The team is left in a state of shock and sadness and we send all our thoughts and deepest condolences to the family and friends of Wouter," according to a statement from his team published by VeloNation.
"This is a difficult day for cycling and for our team, and we should all seek support and strength in the people close to us," it concluded.
"We lost a great team mate and a true friend today," the team 's Twitter page said. "Our thoughts are with Wouter's family and friends."
Six people – two 19-year-old men and girls ages 8, 9, 12 and 14 – have been missing in a 9-foot canoe in the South Pacific since Friday, but a New Zealand Rescue Coordination Center official says hopes are high of finding them.
The six were gathering palm fronds for roof thatching from an outrigger canoe when they drifted out of a lagoon off the Kiribati island of Tarawa on Friday, officials said in a Radio New Zealand report. They were towing a small dingy to carry the fronds.
Kevin Bamaghan of the New Zealand Rescue Coordination Center, which provides rescue services in the South Pacific, told Radio Australia that the agency is confident the canoeists will be found.
The Human Rights Campaign issued aĀ video adĀ featuring the hockey player supportingĀ same-sex marriage for New Yorkers. In the spot, the New York Rangers winger says that committed adults should have a right to marry the one they love.
Though he isn't gay, he lived in West Hollywood in California and Chelsea in New York, respectively, while playing for the Los Angeles Kings and Rangers. Many of his friends are gay, he said in an interview.
Few are surprised Avery, one of the most intimidating players in the NHL, would lend his voice. When asked about gay players in the NHL in February, Avery told the Toronto Sun, āI'll stand beside him in the dressing room while he tells his teammates he is gay. Maybe if Sean Avery is there, they would have less of a problem with it."
Inevitably there will be swollen rivers that catch people before they can escape and, each year, brave rescuers wade into rising waters to help others to safety. In light of the extreme flooding of the mighty Mississippi, we've highlighted some of the most courageous rescues from past flooding episodes.
Teen clings to tree in swollen river – This video shows the harrowing rescue of Raquel Dawson, a teenager who had decided to walk to work and was caught in a flash flood in Oklahoma City. For more, you can watch a full interview with the teen here.
Northrop Grumman Corp. on Monday introduced a spy plane that can be used as a drone or with a pilot onboard.
The company says its Firebird intelligence-gathering system will allow users to gather and transmit high-definition video, infrared video, radar and listen in on communications at the same time.
"Firebird is an adaptable system that makes it highly affordable because of the number of different missions it can accomplish during a single flight. It's a real game changer," Rick Crooks, Northrop Grumman's Firebird program manager, said in a press release.
Northrop designed the Firebird's intelligence gathering systems while Scaled Composites, founded by experimental aviation pioneer Burt Rutan, designed and built the aircraft. Northrop said the aircraft went from concept to flight test in a year.
The propeller-powered aircraft can fly up to 30,000 feet, with an endurance time as long as 40 hours, Northrop said.
Northrop will demonstrate the Firebird for the military's Joint Forces Command during the Empire Challenge 2011 exercises beginning May 23, the company said.
News outlets in Pakistan have made public the name of an American they identified as the CIA station chief, but a senior Pakistani intelligence official said Monday the person named is not the station chief.
Referring to a name cited in the Pakistani newspaper The Nation, the intelligence official said, "If we were going to release the name, we would release the right one." The official said he did not know where the name came from.
A U.S. official said there is "no current plan to bring home the current chief of station" in Pakistan.
The remarks came amid reports suggesting Pakistani officials may have leaked the name of a CIA official in the country.
Tensions between the United States and Pakistan have been growing since U.S. forces found and killed Osama bin Laden in the city of Abbottabad a week ago. U.S. officials have been publicly questioning whether Pakistan did all it could to track down the world's most wanted terrorist.
Got a special day you'd like to celebrate twice next year? Say your birthday or maybe that 25th wedding anniversary.
Then book a trip to the Samoan Islands in the South Pacific, where, come 2012, you can redo the previous 24 hours with just a 30-minute flight.
The Cabinet of Samoa last week approved a plan to move the islands of that nation to the western side of the international dateline. But the islands that make up American Samoa, a U.S. territory, will remain to the east of the dateline. The islands are a little more than 80 miles apart.
Samoan Prime Minister Tuilaepa Sailele Malielegaoi said the change is necessary to facilitate business, as his country conducts most of its commerce with New Zealand, Australia, China and Southeast Asian nations.
Watch CNN.com Live for continuing coverage of reaction and fallout to the death of Osama bin Laden.
Today's programming highlights...
8:00 am ET - Louisiana spillway briefing - The U.S. Army Corps of Engineers will discuss plans to open a Louisiana spillway in order to reduce pressure on New Orleans levees.
Face transplant: The United States' first full face transplant recipient is scheduled to leave a Boston hospital on Monday, about two months after the 15-hour procedure.
Dallas Wiens, of Fort Worth, Texas, received the transplant in mid-March, more than two years after he was injured by a high-voltage line.Ā The forehead, nasal structure, nose, lips, facial skin and underlying muscles and nerves were transplanted.
Doctors were not able to restore Wiens' sight.
Wiens is the second person in the world to receive a full face transplant. The first such transplant happened in Spain last year.
Wiens is scheduled to speak at a press conference at 11 a.m. which will be available on a live webcast.
Anthony trial: Jury selection begins Monday in the case of Casey Anthony, a Florida woman accused of killing her toddler daughter.
Anthony, 25, has been charged with capital murder in the death of her 2-year-old daughter, Caylee. She also faces six other charges, including aggravated child abuse, aggravated manslaughter of a child and misleading law enforcement.
Caylee was reported missing by her grandmother in July 2008, about a month after she was last seen. It wasn't until five months later that investigators found her remains.
Prosecutors contend that Anthony used "a substance" to kill her daughter.
Shuttle Endeavour: NASA officials plan a 3 p.m. ET press conference to discuss the status of the last mission of the space shuttle Endeavour, with a liftoff now planned for no earlier than May 16. The press conference can be seen live on NASA TV and online.
Endeavour was scheduled to depart from the Kennedy Space Center in Florida on April 29 for a mission to the international space station, but the liftoff was postponed after a problem was discovered in a heater circuit associated with the shuttle's hydraulic system. Engineers have replaced hardware that could be responsible for the problem and systems are being tested, the agency said Friday.
After Endeavour's 16-day mission, only one space launch remains. The shuttle Atlantis will cap the 135-mission shuttle program when it journeys to the space station with a liftoff scheduled for June 28.