McCain chooses Elaine?

(CNN) -- Sen. John McCain on Friday announced Alaska Gov. Sarah Palin as his vice presidential candidate, calling her "the running mate who can best help me shake up Washington."

Who's next, Kramer?

CVS to buy Longs

CVS Caremark Corp., the second-biggest U.S. drugstore chain, said it would buy Longs Drug Stores Corp. for $2.9 billion, including debt, to expand its reach in the western U.S.

Longs Drug investors will receive $71.50 a share, the companies said today in a statement. That's 32 percent more than Longs Drug closed at in New York trading before the announcement.

CVS Chief Financial Officer David Rickard said in a 2006 interview that the drugstore chain wanted to expand its presence on the West Coast and was open to doing so through acquisitions. Longs Drug has 521 locations in California, Hawaii, Nevada and Arizona.

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Walnut Creek, Calif.-based Longs Drugs Stores Corp. has developed a loyal following in Hawaii, with a history here dating back 54 years.

Longs reportedly open-ed its first store on Hotel and Bishop Streets in 1954, and was a hit with customers from the start.

George W. Bush sewage plant

SAN FRANCISCO (AP) — A measure seeking to commemorate President Bush's years in office by slapping his name on a San Francisco sewage plant has qualified for the November ballot.

The measure certified Thursday would rename the Oceanside Water Pollution Control Plant the George W. Bush Sewage Plant.

Supporters say the idea is to commemorate the mess they claim Bush has left behind by actions such as the war in Iraq.

Local Republicans say the plan stinks and they will oppose it.