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US News Archive for March 2008:
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Judge Asks for Briefs in Struggle Over IAC
After hearing five days of testimony, a judge ordered attorneys to submit written arguments that could decide the fate of Barry Diller?s proposed breakup of IAC/InterActiveCorp...
New York Times - March 14, 2008
DealBook: Lawsuit on Sale of Clear Channel?s TV Unit Is Settled
Providence Equity Partners reached a settlement with one of the banks financing its purchase of Clear Channel?s TV unit, easing the way for the broadcaster?s larger sale to two other buyout firms...
New York Times - March 14, 2008
Bush Acknowledges Economic Troubles
Even as he conceded the problems, he defended the response so far and warned against more drastic steps...
New York Times - March 14, 2008
The Caucus: Obama Condemns Pastor?s Remarks
Barack Obama called the statements of the Rev. Jeremiah Wright Jr. "inflammatory and appalling."...
New York Times - March 14, 2008
The Lede: India Decides to Forget Gere?s Kisses
Richard Gere is no longer a wanted man in India...
New York Times - March 14, 2008
Scruggs Pleads Guilty in Bribery Case
Richard Scruggs, a well-known plaintiffs? lawyer, unexpectedly agreed to plead guilty to a criminal charge...
New York Times - March 14, 2008
Qaeda Suspect Moved to Guantánamo
The CIA this week transferred a suspected high-level al Qaeda member with close ties to Osama bin Laden to the military prison at Guantánamo Bay, the Pentagon said on Friday...
New York Times - March 14, 2008
City Room: Not the First Legally Blind Governor?
David A. Paterson won't be the nation's first legally blind governor, a distinction that apparently belongs to Bob Cowley Riley, who was governor of Arkansas for 11 days in 1975...
New York Times - March 14, 2008
Stocks Tumble on Bank?s Troubles
Stocks were down sharply as Bear?s announcement ignited fears that large banks remain vulnerable...
New York Times - March 14, 2008
Lilly E-Mail Discussed Off-Label Drug Use
John C. Lechleiter, who is about to become Eli Lilly?s top executive, appears to have encouraged Lilly to promote its schizophrenia drug Zyprexa for use by children and teenagers...
New York Times - March 14, 2008
House Rejects Immunity in Eavesdropping Bill
Even if the House bill were to gain approval by the Senate, a veto by the White House appears certain...
New York Times - March 14, 2008
Turnout Uneven in Iran Elections
With most high-profile reformists barred from running in the parliamentary elections, religious conservatives are expected to tighten their grip on power...
New York Times - March 14, 2008
AnnTaylor Posts Loss
The retailer posted a fourth-quarter loss of $6.67 million, hurt by weakened consumer spending...
New York Times - March 14, 2008
As Dollar Hits New Lows, Investors Look Elsewhere
As the dollar weakens, holders of dollars, especially those overseas, are aiming for better returns by diversifying their portfolios...
New York Times - March 14, 2008
Fed Chief Warns Anew on Foreclosures
Warning about a gathering wave of home foreclosures, Ben S. Bernanke pledged new regulations to limit the impact and crack down on predatory mortgage lending...
New York Times - March 14, 2008
Bear Stearns Bailout Roils Stocks
Stocks gyrated wildly after JPMorgan Chase and the Federal Reserve moved to bail out Bear Stearns, igniting fears that large banks remain vulnerable to the credit crisis...
New York Times - March 14, 2008
Microsoft to Buy Web Ad Analysis Company
Microsoft plans to buy Rapt, plugging a hole in its suite of tools for Web publishers and advertisers, the software giant said...
New York Times - March 14, 2008
Bush Acknowledges Tough Economic Times
President Bush warned that overreacting to the current economic conditions could cause longer-term problems...
New York Times - March 14, 2008
Dot Earth: 2050 World Population Unknowable?
Earth 2050: population unknowable?...
New York Times - March 14, 2008
Chinese Police Clash With Tibet Protesters
Violent protests erupted in a busy market area of Lhasa, the Tibetan capital, as monks and other ethnic Tibetans clashed with Chinese security forces...
New York Times - March 14, 2008
U.S. Soldier Killed by German Police
The United States Army soldier in Bavaria had taken a former girlfriend hostage, the local police said Friday...
New York Times - March 14, 2008
Scruggs Pleads Guilty in Bribery Case
Richard Scruggs, the plaintiffs? attorney who made millions from tobacco and asbestos litigation, pleaded guilty to a charge of conspiracy in a judicial bribery case...
New York Times - March 14, 2008
The Lede: Britain Reverses Ban on Video Game
A lengthy battle over "Manhunt 2" ends...
New York Times - March 14, 2008
City Room: Zoning Restricts Bank Branches
Requirements for the new Special 125th Street District, which were approved by the City Planning Commission, restrict the number of bank branches, on the theory that they can deaden neighborhoods...
New York Times - March 14, 2008
JPMorgan and Fed Move to Bail Out Bear Stearns
Facing a grave liquidity crisis, Bear Stearns reached out for a financial lifeline and now faces the prospect of the end of its 85-year run as an independent investment bank...
New York Times - March 14, 2008
Inflation Held Steady in February
Consumer prices stayed flat, the government said, taking some pressure off the Federal Reserve as it considers a new round of interest rate cuts...
New York Times - March 14, 2008
Baghdad Bureau: A Reporter?s First Impressions
News reports of conflicts in other countries, in concentrating on major events, cannot help but offer a skewed perspective...
New York Times - March 14, 2008
Heathrow Opens New Terminal
The notoriously congested London airport opened a much-heralded fifth terminal, at a cost of around $8.7 billion...
New York Times - March 14, 2008
US inflation cooled in February
US prices stayed stable in February, boosting hopes that the US Federal Reserve will cut interest rates again...
BBC News - March 14, 2008
Comedian testifies in sleuth case
Larry Sanders star Garry Shandling testifies in the wire-tapping trial of celebrity sleuth Anthony Pellicano...
BBC News - March 14, 2008
Bear Stearns gets emergency funds
US bank Bear Stearns gets emergency funding, raising fears that one of Wall Street's biggest names may collapse...
BBC News - March 14, 2008
Bush reassures over economy
President Bush attempts to reassure US businessmen that the country's economy is fundamentally strong...
BBC News - March 14, 2008
DealBook: I.P.O. Set to Give China New Billionaire
A new name is set to top China's rich list by the end of the month following the planned initial public offering of one of the country's largest private real estate developers. Xu Jiayin, the 49-year-old owner of Evergrande Real Estate, will be worth as much as $7.1 billion if his company prices its I..P.O at [...]...
New York Times - March 14, 2008
The Quad: Irish Down but Optimistic
Notre Dame has trouble with some Big East teams but is looking forward to the N.C.A.A. tournament...
New York Times - March 14, 2008
Shops on Fire in Tibet, Witnesses Say
Shops were set on fire in violence in Tibet?s capital of Lhasa on Friday, witnesses said, as the region was hit by a fresh wave of rare street protests...
New York Times - March 14, 2008
House and Senate Pass Budget Plans
The House passed a $3 trillion Democratic spending plan Thursday, and the Senate followed suit early Friday as Congress engaged in a day of budget theater...
New York Times - March 14, 2008
Embraer profits up on new orders
Brazilian plane firm Embraer has a jump in profits at the end of last year, helped by an increase in orders...
BBC News - March 14, 2008
Dollar slides to fresh euro low
The euro hits another record against the dollar as the credit crisis continues to undermine the US currency...
BBC News - March 14, 2008
'Pre-Inca' temple found in Peru
Archaeologists in Peru discover
the ruins of an ancient temple that could predate the Inca empire...
BBC News - March 14, 2008
Endeavour's crew take space walk
Two American astronauts on a mission to the International Space Station (ISS) begin their first space walk...
BBC News - March 14, 2008
US Congress tables budget plans
The US Senate and House pass
budget plans in opposition to President George W Bush's $3 trillion budget...
BBC News - March 14, 2008
Florida waits to hear from rivals
Democrats in Florida wait to hear from Barack Obama and Hillary Clinton about their plan to re-stage the primary...
BBC News - March 14, 2008
High & Low Finance: Global or Local? For Accounting Firms, It All Depends
That big accounting firm may boast having offices around the world ? until an office is sued...
New York Times - March 14, 2008
Activists Can Nominate CNet Board, Judge Says
A court in Delaware ruled that a group of investors can nominate seven directors to the board of CNet Networks, one of the original online media companies...
New York Times - March 14, 2008
An Exchange Official Is Charged
The vice chairman of the International Securities Exchange was accused of leaking confidential information about the $2.8 billion takeover of the market last year...
New York Times - March 14, 2008
5 Guilty of Fraud in Health Care Finance
A federal jury convicted five former executives of a health care finance company on Thursday in a $1.9 billion scheme to defraud investors...
New York Times - March 14, 2008
MGM Makes a Hire to Expand Film Efforts
Moving to rebuild its movie production capacity, Metro-Goldwyn-Mayer Inc. named Mary Parent as chairwoman for its worldwide motion picture group...
New York Times - March 14, 2008
AOL Buying No. 3 Social Networking Site
The company hopes its acquisition of the Web site Bebo will help jump-start its social networking strategy...
New York Times - March 14, 2008
Advertising: For a New Brand, Pepsi Starts the Buzz Online
Pepsi-Cola North America is bringing out a line of no-calorie, carbonated beverages with a campaign that is bypassing mainstay media like television and print...
New York Times - March 14, 2008
Taxpayer Advocate Says Outsourcing at I.R.S. Is Inept
The use of private debt collectors by the Internal Revenue Service is ineffective, the national taxpayer advocate told Congress Thursday, and the program should be canceled...
New York Times - March 14, 2008
Testifying in Suit by Liberty, Diller Defends Spinoff Plan
The chief executive of IAC/InterActiveCorp, Barry Diller, testified Thursday that his plan to break up the media conglomerate was in the best interests of shareholders...
New York Times - March 14, 2008
Chief Turns to Webcast to Pitch G.E.
Trying to convince investors that his company?s shares are worth buying, the chief executive of General Electric turned to new media on Thursday...
New York Times - March 14, 2008
Southwest Inspects Planes and Resumes Its Normal Service
On Thursday the company resumed a normal schedule of more than 3,400 flights after briefly grounding 38 planes the day prior...
New York Times - March 14, 2008
The Dollar Reaches New Lows, and Overseas Investors Look Elsewhere
The dollar plumbed new depths on Thursday, something that some politicians see as a sign of American economic decline and influence...
New York Times - March 14, 2008
Investors Flock to a Classic Refuge, Propelling Its Price Past $1,000
Gold has always been a refuge in troubled times. And on Thursday the treasure of millennia finally ticked past the millennium mark...
New York Times - March 14, 2008
Dutch-Traded Fund Moves Toward Collapse
David M. Rubenstein, co-founder of the Carlyle Group, pledged on Thursday to ?make amends? to investors in a fund that has ties to his firm and is facing collapse...
New York Times - March 14, 2008
Wiretap Trial Revisits Lawsuit by Comedian
The Hollywood wiretapping trial began to live up to its billing, as Gary Shandling described how it felt to be on the receiving end of the attentions of Anthony Pellicano...
New York Times - March 14, 2008
Chrysler Sets a Two-Week Furlough for Most Workers
The automaker plans to halt virtually all operations for two weeks in July as part of its effort to cut costs and return to profitability...
New York Times - March 14, 2008
New Shareholders to Weigh Take-Two Bid
On Thursday, Electronic Arts began a $2 billion tender to acquire the maker of the blockbuster Grand Theft Auto franchise...
New York Times - March 14, 2008
Trader Tells Prosecutors Boss Saw Illicit Deal
Jérôme Kerviel, the former trader at Société Générale, told investigators that an assistant on his desk conducted at least one large fictitious transaction on their boss?s computer ? as the boss looked on...
New York Times - March 14, 2008
All Told, the Price Tag for Citigroup?s New Chief Is $216 Million
Call him Citigroup?s quarter-billion-dollar man. That is how much Vikram S. Pandit was paid for taking over as chief executive of the embattled bank...
New York Times - March 14, 2008
The Lede: Bush?s Serenade Hits YouTube
President Bush sings an off-key spoof of "The Green Green Grass of Home."...
New York Times - March 14, 2008
Shifting Careers: Smart Eating at Work
More tips for smart eating at work...
New York Times - March 14, 2008
Floyd Norris: CFO?s Grow Glummer
That a recession is under way has become conventional wisdom, even if many economists still do not have one in their forecasts. The argument is over the length and depth of a downturn. Today, the first quarter 2008 Duke University/CFO Magazine Global Business Outlook survey came out. Put the CFO's in the glum group. The two most [...]...
New York Times - March 14, 2008
An Amendment Aimed to Tease
An attempt by Senator Wayne Allard, Republican of Colorado, to embarrass Senator Barack Obama could have been called the showdown at the budget corral...
New York Times - March 14, 2008
Businesses Face Cut in Immigrant Work Force
Seasonal employers are scrambling to find replacements for foreign workers who will not be returning because of a Congressional standoff over immigration overhaul...
New York Times - March 14, 2008
Monk Protests in Tibet Draw Chinese Security
Chinese security forces were reportedly surrounding three monasteries after what are believed to be the largest protests in two decades...
New York Times - March 14, 2008
Panel Seeks New Limits on Anemia Drugs
Yet both Amgen and Johnson & Johnson avoided the outcome they most feared: a recommendation that the drugs not be used by any cancer patients...
New York Times - March 14, 2008
Singapore Journal: Terror Suspect Eludes Posse of 4 Million
Singapore?s government has put the entire country on alert after a man believed to be the leader of a terrorist group escaped from prison...
New York Times - March 14, 2008
U.S. Is Examining Spitzer?s Funds
Prosecutors are investigating whether Gov. Eliot Spitzer used campaign funds in connection with his meetings with prostitutes...
New York Times - March 14, 2008
For Bronx School?s Dancers, the Moves Are Irish
With a student body that is 71 percent Hispanic and 27 percent black, Public School 59 in the Bronx does not seem an obvious home for a thriving Irish dance troupe...
New York Times - March 14, 2008
Debt Collectors Try to Put on a Friendlier Face
Just in time for a recession, the debt collection industry is working to shed its reputation for hounding people...
New York Times - March 14, 2008
Kidnapped Iraqi Archbishop Is Dead
The body of the Chaldean Catholic archbishop of Mosul, Paulos Faraj Rahho, was discovered, officials said...
New York Times - March 14, 2008
Economy Hammered by Toxic Blend of Ailments
Call it a perfect storm: on Thursday, the dollar plumbed new lows, the price of gold jumped above $1,000 for the first time and lenders raised home loans once again...
New York Times - March 14, 2008
White House Offers Plan to Ward Off Credit Crises
The Bush administration on Thursday outlined a plan that officials emphasized is meant more to prevent future crises than to address the current one...
New York Times - March 14, 2008
The Long Run: A Free-Spirited Wanderer Who Set Obama?s Path
People who knew Stanley Ann Dunham Soetoro well say they see her influence unmistakably in her son, Senator Barack Obama...
New York Times - March 14, 2008
Drug suspect faces US extradition
Suspected Colombian drug baron 'Lollypop' Ramirez Abadia can be extradited to the US, Brazil court rules...
BBC News - March 14, 2008
L America urged to fight 'terror'
The US secretary of state asks Latin American countries to give no quarter to terrorist groups...
BBC News - March 14, 2008
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