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Selected and fresh photos from around the web.

  • Editor's pick
    • People watch fireworks during the first edition of 'Golden Nights' International Pyrotechnic Festival in Bucharest July 5, 2008. From Reuters Pictures by REUTERS.

      People watch fireworks during the first edition of 'Golden Nights' International Pyrotechnic Festival in Bucharest July 5, 2008.

    • Australian singer Kylie Minogue smiles as she poses for photographers with the OBE she received from Britain's Prince Charles for her services to music at Buckingham Palace in London July 3, 2008. From Reuters Pictures by REUTERS.

      Australian singer Kylie Minogue smiles as she poses for photographers with the OBE she received from Britain's Prince Charles for her services to music at Buckingham Palace in London July 3, 2008.

    • Serena (L) and Venus Williams of the U.S. talk to each other during their quarter-finals doubles match against Bethanie Mattek of the U.S. and Sania Mirza of India at the Wimbledon tennis championships in London July 2, 2008. From Reuters Pictures by Reuters.

      Serena (L) and Venus Williams of the U.S. talk to each other during their quarter-finals doubles match against Bethanie Mattek of the U.S. and Sania Mirza of India at the Wimbledon tennis championships in London July 2, 2008.

    • Acrobats perform during the presentation of A400M military aircraft in Seville, southern Spain June 26, 2008. Europe unveiled the A400M military aircraft on Thursday, giving the public a first glimpse of a powerful turboprop plane built to supply seven NATO countries with urgently needed strategic airlift capacity. From Reuters Pictures by REUTERS.

      Acrobats perform during the presentation of A400M military aircraft in Seville, southern Spain June 26, 2008. Europe unveiled the A400M military aircraft on Thursday, giving the public a first glimpse of a powerful turboprop plane built to supply seven NATO countries with urgently needed strategic airlift capacity.

  • Hot off the wire
    • Spain's Rafael Nadal in action against Switzerland's Roger Federer during the men's singles final on the Centre Court at Wimbledon, Sunday July 6 , 2008. From AP Photo by Anja Niedringhaus.

      Spain's Rafael Nadal in action against Switzerland's Roger Federer during the men's singles final on the Centre Court at Wimbledon, Sunday July 6 , 2008.

    • McLaren Formula One driver Lewis Hamilton of Britain celebrates winning the British F1 Grand Prix at the Silverstone race track in central England July 6, 2008. From Reuters Pictures by REUTERS.

      McLaren Formula One driver Lewis Hamilton of Britain celebrates winning the British F1 Grand Prix at the Silverstone race track in central England July 6, 2008.

    • Spain's Rafael Nadal returns the ball during the final tennis match of the 2008 Wimbledon championships against Switzerland's Roger Federer at The All England Tennis Club in southwest London, on July 6, 2008. From Getty Images by AFP/Getty Images.

      Spain's Rafael Nadal returns the ball during the final tennis match of the 2008 Wimbledon championships against Switzerland's Roger Federer at The All England Tennis Club in southwest London, on July 6, 2008.

  • Recently starred
    • People wait in the rain before the men's finals match at the Wimbledon tennis championships in London July 6, 2008. From Reuters Pictures by Reuters.

      People wait in the rain before the men's finals match at the Wimbledon tennis championships in London July 6, 2008.

    • Spectators hold umbrellas on centre court  as rain stops play during the semi-final match between Zheng Jie of China and Serena Williams of the U.S. at the Wimbledon tennis championships in London July 3, 2008. From Reuters Pictures by Reuters.

      Spectators hold umbrellas on centre court as rain stops play during the semi-final match between Zheng Jie of China and Serena Williams of the U.S. at the Wimbledon tennis championships in London July 3, 2008.

    • A rain drop hangs off the nose of a statue of former British tennis player Fred Perry at the All England Tennis Club in south-west London, July 6, 2008, as the 2008 Wimbledon Championship Men's Singles Final between Roger Federer and Rafael Nadal is delayed due to rain. From Getty Images by AFP/Getty Images.

      A rain drop hangs off the nose of a statue of former British tennis player Fred Perry at the All England Tennis Club in south-west London, July 6, 2008, as the 2008 Wimbledon Championship Men's Singles Final between Roger Federer and Rafael Nadal is delayed due to rain.

    • Rafael Nadal of Spain walks past Roger Federer (R) of Switzerland on the practice courts at the Wimbledon tennis championships in London June 22, 2008. From Reuters Pictures by REUTERS.

      Rafael Nadal of Spain walks past Roger Federer (R) of Switzerland on the practice courts at the Wimbledon tennis championships in London June 22, 2008.

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SAN FRANCISCO (Reuters) - Auditor KPMG either initiated accounting fraud at New Century Financial Corp or stood idly by as the failed subprime mortgage lender committed fraud in 2005 and 2006, an independent report requested by the U.S. Department of
KPMG, one of the "big four" global accounting firms, is facing criticism over its role in the collapse of New Century Financial, the sub-prime lender whose bankruptcy last year was an early clue to the severity of the credit crisis. A court-appointed

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