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Official: New Montevideo container terminal expected within 5 years - Uruguay (Business News Americas)

Uruguayan authorities expect a new container terminal to be built at Montevideo port within five years, national port authority ANP director Santiago Sotuyo told BNamericas.

Rush Limbaugh agrees to new deal to get $38M a year for next 8 years to continue radio show (Minneapolis-St. Paul Star Tribune)

NEW YORK - Rush Limbaugh will make about $38 million a year to continue his radio show over the next eight years. In addition, he says will be getting a nine-figure signing bonus from Premiere Radio Networks.

Oil hits new high as Brown warns price could rise for years (The Herald)

Oil prices set a new record above $146 a barrel today as the Prime Minister warned they could carry on rising for years to come. Brent crude for August delivery traded in London reached $146.69 before easing back slightly. Prices broke through $145 earlier today.

Hair-working B-52s back with first new album in 16 years (Denver Post)

Singers Kate Pierson and Cindy Wilson haven't worn beehive hairdos in years, but the B-52s are still as colorful on stage as they were a generation ago.

Former Refco CEO gets 16 years in prison (Washington Post)

NEW YORK (Reuters) - Phillip Bennett, the former chief executive of Refco, was sentenced to 16 years in prison on Thursday for fleecing investors of more than $2.4 billion in a fraud that destroyed the world's largest independent commodities broker.