News Today - June 09

* Climbing interest rates are among the threats facing U.S. stock investors, with rising Treasury yields hiking borrowing costs for businesses and consumers, and pressuring mortgage rates.

* Apple Inc. announced a new version of its popular iPhone on Monday, upping the stakes in the fast-growing market for smart phone devices. The new version is named Iphone -3GS, its said to be twice faster than the previous versions.

* Vice President Joe Biden on Monday is presenting to President Obama the "Roadmap to Recovery," a plan to accelerate the implementation of the $787 billion stimulus plan in its second 100 days.

* Finance ministers from the Group of Eight leading economies are poised to offer a brighter assessment of the global economy at a two-day meeting scheduled for this weekend, reports said Tuesday.

* The US Treasury is preparing to announce tomorrow it will let 10 banks buy back government shares, people familiar with the matter said, signaling confidence some of the largest U.S. lenders won’t again need a taxpayer rescue.

* Pacific Investment Management Co., which runs the world’s biggest bond fund, said the economic outlook “looks bad” for most of the world and central banks will refrain from raising interest rates.