MySpace has been troubled ever since the rise of Facebook. News Corp bought MySpace expecting revenues of $1 billion per year, but is now looking to sell it for less than $100 million.

California budget: Democrats and Republicans agreed on a budget bill that will close the $9.6 billion budget deficit using spending cuts rather than tax renewals. The bill passed, but displeased both parties.

Maria Sharapova beat Dominika Cibulkova at Wimbledon, Tuesday, to continue on to the semifinals. Sharapova will face Sabine Lisicki. Thursday.

AP - A wildfire near the desert birthplace of the atomic bomb advanced on the Los Alamos laboratory and thousands of outdoor drums of plutonium-contaminated waste Tuesday as authorities stepped up efforts to protect the site and monitor the air for radiation.

AP - When NATO helicopters fired rockets and Afghan forces rushed gunmen on the rooftop of a besieged Kabul hotel early Wednesday, it appeared that the four-hour standoff with heavily armed Taliban fighters that killed 10 Afghan civilians — mostly hotel workers — was over.

AP - Two Senate rebels jumped into Congress' cut-the-deficit competition on Tuesday, proposing to raise the age of Medicare eligibility to 67 and increase monthly premiums for millions of current beneficiaries.