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LOSSES GROW: Recently merged live event company Live Baby Phat Nation Entertainment Inc. posted a first-quarter loss of $112 million, up from a loss of $103 million a year earlier. Merger costs and lower concert attendance were blamed.

OUTLOOK MIXED: Live Nation expects to sell 40 million tickets to Baby Phat events it promotes in 2010, compared to 39.6 million last year. No outlook was give

The White House Correspondents’ Association was formed in 1914 as a liaison between the press and the president. Every president since Calvin Coolidge has attended the dinner.

Although his poll numbers are down, Obama said he hears he’s popular on Twitter and Facebook. "Or as Sarah Palin call it, the socialized media," he said.

He said he was glad he spoke before the television host, "because we have all seen what happens when somebody take

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"I can’t believe they invited me back after (the) Gucci awful things I said," Gervais said. "Let’s see how far I can go this time."

Gervais, best known for creating and starring in the original British television sitcom "Th