Morning Buzz: June 29, 2007

Police in London's bustling nightclub and theater district today defused a bomb that could have killed hundreds, after an ambulance crew spotted smoke coming from a Mercedes filled with a lethal mix of gasoline, propane and nails, authorities said.

Consumers boosted their spending in May as their incomes grew solidly, an encouraging sign that high gasoline prices haven't killed people's appetite to buy. It was the second month in a row that consumer spending went up by 0.5 percent, the Commerce Department reports.

Californians suffer in the worst traffic in the country, a new study has found.

The trail of investigation into the death of pro-wrestler Chris Benoit and his wife and child has led to the online user edited Wikipedia, where news of the deaths was reported 14 hours before authorities found the bodies.

J. Craig Venter, who led the private effort to decode the human genome, announced that he and his team have successfully transplanted the genetic material of one microbe into another, a breakthrough in an eventual effort to create artificial biological life.