The Five Things You Need To Know Today (May 24)

1. Boy Scouts Lift Gay Ban- With 61 percent of the Scouting National Conference delegates voting “Yes,” the ban on gay boy scouts participating in the program has been lifted. The final tally was 757 votes yes and 475 votes no. The policy change will go into effect January 1st 2014.

2. Large Retailers Sue Credit Card Companies- A large group of US retailers including Macy’s and Target have sued have sued Visa and MasterCard over fees to process credit card settlements. The retail stores are looking for a settlement over $7.2 billion.

3. 80 Year Old Reaches Everest Summit- A Japanese man named Yuichiro Miura has become the oldest man to climb Mt. Everest. The climb was actually his third time climbing the mountain. He first climbed the mountain in 2003 when he was 70 years old. 
4. Damage In Oklahoma May Exceed $2 Billion- As the winds in Oklahoma have died down, the rebuilding begins as the estimated damage exceeds $2 billion. The tornado swept through 13,000 houses, schools and hospitals. The death has been officially set at 24 people.
5. Proctor & Gamble CEO Steps Down- Bob McDonald, CEO of the largest consumer products company, Proctor & Gamble stepped down yesterday as the companies profits slumped. The new CEO is A.G. Lafley.
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