Caribbean

(Newser) - Bear Stearns, faced with the implosion of two hedge funds worth more than $1 billion, has decided to liquidate them in the Cayman Islands—a move that will give creditors and investors less access to their money.  Bloomberg forecasts a court battle over the tactic, which an analyst said...

(Newser) - Heavy storms are on the way, weather forecasters warn, despite a typically quiet beginning to the hurricane season. In fact, the government's top forecasting agency predicts an above-average number of storms this year—13 to 17, with 3 to 5 becoming intense hurricanes, Reuters reports.