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US News Archive for April 2008:
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Delta and Northwest Promote Benefits of Merger
Executives said that a new and more flexible contract with Delta pilots would allow the company soon after completing its merger to begin swapping planes in an effort to lift sales...
New York Times - April 15, 2008
Foreclosures Jump 57% in Last 12 Months
Home foreclosure filings surged and bank repossessions soared 129 percent from a year ago, as homeowners struggled to make mortgage payments, a real estate data firm said...
New York Times - April 15, 2008
AstraZeneca Settles Ranbaxy Lawsuit
AstraZeneca shares soared on news that an agreement with Ranbaxy Laboratories will delay the release of a generic competitor to its best-selling heartburn drug for six years...
New York Times - April 15, 2008
Canada Likely to Label Plastic Ingredient ?Toxic?
The Canadian government is said to be ready to declare as toxic the compound bisphenol-a, a chemical widely used in plastics for baby bottles, beverage and food containers...
New York Times - April 15, 2008
A Loss and a Shake-up at Washington Mutual
The country?s largest savings and loan said it was hit by mounting credit losses as more mortgage borrowers fell behind on payments...
New York Times - April 15, 2008
Stocks Rise in Erratic Trading After Economic Data
Wall Street turned higher after reports showing a rebound in New York manufacturing, rising inflation amid record oil prices, and mixed corporate performances...
New York Times - April 15, 2008
High Court Limits Tax Scope of States
In a unanimous decision, the Supreme Court limited states? ability to tax income that companies with out-of-state headquarters earn from their in-state investments...
New York Times - April 15, 2008
Intel?s Income Meets Expectations
The semiconductor maker reported solid global demand for its chips, soothing investor concerns that economic softness would rattle the technology industry...
New York Times - April 15, 2008
Dot Earth: Bush to State Climate Goals
President Bush plans to set a long-term climate goal Wednesday...
New York Times - April 15, 2008
The Lede: Newspaper Dropped From Vegas Hotels
Why did Harrah's stop giving away The Las Vegas Review-Journal?...
New York Times - April 15, 2008
Well: The French Rethink Thin
A proposed French law would make it illegal to promote "extreme thinness.''...
New York Times - April 15, 2008
Ghostwriters Used in Vioxx Studies, Article Says
Merck drafted dozens of studies for a best-selling drug, then lined up prestigious doctors to put their names on the reports before publication, according to an article in a leading medical journal...
New York Times - April 15, 2008
N.F.L. Announces 2008 Schedule
Long-time rivalries and continuing controversy highlight the new N.F.L. schedule announced Tuesday...
New York Times - April 15, 2008
DealBook: Citi to Scrap Management Committee
From Eric Dash, a DealBook colleague: Vikram S. Pandit is pulling the plug on Citigroup?s management committee, a body of senior managers from across the bank that rivals the United States Senate in size. Citi has taken down the links to biographies of the distinguished committee members on its Internet site on Tuesday and it appears [...]...
New York Times - April 15, 2008
The Pope's Visit: Pope Begins U.S. Visit; Says He Is Ashamed of Sex Scandal
Pope Benedict XVI began a six-day visit to the United States after a flight during which he made his most extensive remarks about the child-abuse scandal...
New York Times - April 15, 2008
Tax Cuts at Center of McCain?s Economic Plan
In a speech on his economic policies, Senator John McCain called for suspending the federal gas tax and other cuts...
New York Times - April 15, 2008
Oil price hits $113. 93 a barrel
The price of oil hits a new record of $113.93 a barrel as problems with a US pipeline raise supply fears...
BBC News - April 15, 2008
Thousands flee Colombian volcano
Colombia declares a state of alert and evacuates residents as a long-dormant volcano begins to erupt...
BBC News - April 15, 2008
Johnson & Johnson Profit Jumps 40%
The health products maker posted net income of $3.6 billion as sales of many key products climbed by double digits and costs declined slightly...
New York Times - April 15, 2008
U.S. Bancorp Earnings Down 4%
The Minneapolis-basaed bank cited impairment charges and rising loss reserves...
New York Times - April 15, 2008
State Street Faces Unrealized Losses; Profit Up
The financial services company said net income surged 69 percent as demand for its services grew and it benefited from the acquisition of a rival last summer...
New York Times - April 15, 2008
Chinese Entity Buys a Stake in British Oil Giant
A Chinese government entity has acquired a sizable stake in BP for about $2 billion, the latest indication that China is becoming an increasingly important global investor...
New York Times - April 15, 2008
Europe Steps Around Tibet as Trade Issue
The European Commission said that worries about human rights and Tibet should not be ?walled off? from Europe?s trade relationship with China but that it did not support boycotts...
New York Times - April 15, 2008
Oil and Food Stoke Inflation Fears
A gauge of prices paid by American producers jumped 1.1 percent in March as oil and food costs reached records, leaving Fed policymakers in a difficult spot ahead of their meeting this month...
New York Times - April 15, 2008
Stocks Slip After Economic and Earnings Data
Wall Street gave up early gains as investors digested a mixed batch of reports showing rising inflation, uneven corporate performances and a rebound in New York manufacturing...
New York Times - April 15, 2008
Dot Earth: Race Between Two Forms of Sunlight
New solar technology is catching on, but coal use is still exploding in China...
New York Times - April 15, 2008
Well: Listening to Stroke Patients
A multimedia feature allows you to hear patient stories, told by the patients themselves...
New York Times - April 15, 2008
Dozens Killed in Bombings in Four Iraqi Cities
Insurgents armed primarily with car bombs struck killed at least 66 people; the deadliest attack was in Baquba...
New York Times - April 15, 2008
Boyfriend Arrested in Bronx Murder
A Massachusetts man was accused of recruiting his cousin to kill his girlfriend in a staged robbery of the couple...
New York Times - April 15, 2008
Zimbabwe Protest Fizzles in Capital
The opposition was protesting a delay by the government in releasing the results of the presidential election...
New York Times - April 15, 2008
79 Feared Dead in Congo Plane Crash
GOMA, Congo (AP) -- A plane crashed Tuesday into a crowded neighborhood in eastern Congo, and at least 79 people were believed to have died, government officials said. There were six known survivors...
New York Times - April 15, 2008
The Lede: Pirate Whack-a-Mole on the High Seas
Updates on sea crime from Indonesia, Somalia and Nigeria...
New York Times - April 15, 2008
The Pope's Visit: Pope Expresses Deep Shame Over Priests? Sexual Abuse
Pope Benedict XVI said on Tuesday that the church was ?deeply ashamed? over the sexual abuse scandal and ?would absolutely exclude pedophiles from the sacred ministry.?...
New York Times - April 15, 2008
In Speech, McCain Outlines Economic Proposals
In a speech, Senator John McCain called for a long list of tax cuts and a suspension of the federal gas tax...
New York Times - April 15, 2008
Oil Prices Surge to a New High
Oil rose to nearly $114 a barrel, as pipeline interruptions and a weak dollar pressured a tight global market...
New York Times - April 15, 2008
US producer prices climb in March
US producer prices rose by more than expected in March, spurred by higher energy costs, figures show...
BBC News - April 15, 2008
Oil price hits $113. 66 a barrel
The price of oil hits a new record of $113.66 a barrel as problems with a US pipeline raise supply fears...
BBC News - April 15, 2008
The Pope's Visit: Faith in Spotlight, Candidates Battle for Catholic Votes
Democrats, who lost among Catholics in the 2004 presidential election, are trying to woo them back...
New York Times - April 15, 2008
Car Bombs Kill More Than 50 in Iraq
The attack in Baquba, killing 40 people, was one of the deadliest in months, and a second bomb struck in Ramadi...
New York Times - April 15, 2008
Brazil star Romario ends career
Former Brazil striker Romario announces his retirement from the game at the age of 42...
BBC News - April 15, 2008
Woman charged over Heston theft
A US account manager has been arrested for stealing from the late Hollywood star Charlton Heston...
BBC News - April 15, 2008
Mexico Congress oil row deepens
Mexican politicians vow to stay barricaded in Congress to protest at proposed reforms of state oil giant Pemex...
BBC News - April 15, 2008
Oil price increases to new record
The price of oil hits a new record of $112.48 a barrel after bad weather hits Mexican oil exports...
BBC News - April 15, 2008
US to free Iraqi AP photographer
Two years after he was detained, the US military says it will release an Iraqi AP photographer on Wednesday...
BBC News - April 15, 2008
'Black hole' scientist dies at 96
John Wheeler, the US physicist who coined the term "black hole", dies at the age of 96...
BBC News - April 15, 2008
Women win in US country awards
American Idol hopeful Kellie Pickler and 18-year-old Taylor Swift sweep the Country Music Television Awards...
BBC News - April 15, 2008
US merger forms 'largest airline'
US firms Delta Air Lines and Northwest Airlines are set to join forces to create the world's biggest carrier...
BBC News - April 15, 2008
Brazil in 'major oil field' find
Brazil finds a deep sea oil field, potentially the world's third largest reserve, its petroleum agency says...
BBC News - April 15, 2008
Texas set for sect custody battle
Texas officials keep many of the 416 children removed from a polygamist sect from their mothers ahead of hearings...
BBC News - April 15, 2008
Dealbook: A Recluse Lifts the Veil a Little
Stephen A. Feinberg, the reclusive founder of Cerberus Capital Management and the money man some hope will save Detroit, is no Gordon Gekko...
New York Times - April 15, 2008
Hedge Fund Founder Given 20 Years for Investor Fraud
Samuel Israel III, the founder of the hedge fund Bayou Group, was sentenced for his role in a scheme that cheated investors out of more than $400 million...
New York Times - April 15, 2008
Philips Profit Down Sharply as TV Sales Lag
The Dutch company said falling television sales in North America offset growth in its health care and lighting industries during the first quarter...
New York Times - April 15, 2008
MGM Mirage Lays Off 400 Managers
The decision will save $75 million annually and came after the company saw weakness since August at its properties...
New York Times - April 15, 2008
Memo From Surgeon: Office Hours Don?t Include Midflight
In a medical office setting, there are specific protocols that are followed. But on a plane all bets are off...
New York Times - April 15, 2008
Memo Pad
American Airlines became the last of the major network carriers to join in a new across-the-board fare increase...
New York Times - April 15, 2008
Drug Fails to Slow Nerve Damage
Genentech and Biogen Idec?s cancer drug Rituxan did not slow the disabling effects of the most difficult form of multiple sclerosis in a large clinical trial...
New York Times - April 15, 2008
Chief Resigns at General Re as Federal Pressure Rises
Joseph P. Brandon, the chairman and chief executive of the insurance company, resigned under pressure on Monday. The company said its president, Franklin Montross, will succeed him...
New York Times - April 15, 2008
Stocks & Bonds: Indexes Post Small Drops, but Banks Take Bigger Hits
Stocks finished a quiet session moderately lower Monday after Wachovia surprised investors with disappointing quarterly results...
New York Times - April 15, 2008
First-Quarter Earnings Dropped 79% at Bear Stearns
Earnings for the quarter showed that the bank was able to stay profitable even as the tight credit market worsened. Yet the results were just shy of Wall Street?s projections...
New York Times - April 15, 2008
Bond Insurer Ponders Its Options
FGIC, a money-losing bond insurer owned by the Blackstone Group and the PMI Group, is seeking investors and may consider selling the company...
New York Times - April 15, 2008
Court Sets Fall Debate on Standards of Water Act
In accepting an appeal on the role of cost-benefit analysis in establishing Clean Water Act standards, the Supreme Court set the stage for an environmental policy debate...
New York Times - April 15, 2008
Advertising: On the Edge of Impropriety, Ryanair Builds Its Image
The European airline, which has a history of provocative marketing stunts, has drawn some unwanted attention lately ? from a French court and the British advertising watchdog...
New York Times - April 15, 2008
Two Journalists Are Released in Iraq
Two journalists, one the victim of a kidnapping, the other held by American forces, won their liberty on Monday...
New York Times - April 15, 2008
Rowling Testifies Against Lexicon Author
The line between J.K. Rowling?s magical world and the muggle courtroom became somewhat blurred during the author?s testimony in a copyright infringement case...
New York Times - April 15, 2008
Citing Ethics, Some Doctors Are Rejecting Industry Pay
The decisions of a small group of scientists to stop accepting payment from food, drug and medical device companies repudiate decades of industry influence...
New York Times - April 15, 2008
New Ways to Store Solar Energy for Nighttime and Cloudy Days
Solar thermal systems are built to gather heat from the sun and then store the heat for hours or even days, like water behind a dam...
New York Times - April 15, 2008
Top Hard-Drive Maker Files Suit Against Rival
Seagate Technology made a pre-emptive strike against STEC, an emerging competitor, claiming that the latter?s solid-state drive products violate four Seagate patents...
New York Times - April 15, 2008
Tesla Motors Files Suit Against Competitor Over Design Ideas
The quarrel between the companies sheds a light on the insular world of Silicon Valley?s investors in environmentally friendly technologies...
New York Times - April 15, 2008
The Last Frontier of Flying
In Alaska, flying in a small plane to remote parts of the huge state can be deadly; in 2007, there were 104 aircraft accidents and 30 deaths in the state...
New York Times - April 15, 2008
On the Road: Going Getting Rough? Time to Get Some Help
Repeat after me the next time you arrive at the entrance of an airport: Abandon all hope ye who enter here...
New York Times - April 15, 2008
Surprise Loss at Wachovia Stirs Profit-Season Unease
The red ink at Wachovia, the country?s fourth-largest bank, signals that the pain for the financial industry is far from over...
New York Times - April 15, 2008
Wall Streeter Converts to a Fan of Regulation
Robert K. Steel?s apparent conversion to the merits of regulation illustrates how the laissez-faire bones of the Bush administration have been rattled by the trauma of the credit crisis...
New York Times - April 15, 2008
Chrysler and Nissan Agree to a Vehicle-Building Pact
The deal is limited to two products, but analysts say Chrysler and Nissan could eventually join forces in many areas of their operations to become more competitive...
New York Times - April 15, 2008
Bridging the Gap, the Sequel
Only 350 miles separate the two California business cultures, but executives are once more trying to bridge the gap between technology and entertainment...
New York Times - April 15, 2008
Hostile Blockbuster Bid Scorned by Circuit City
Circuit City said it doubted that Blockbuster could find adequate financing to seal the deal, despite assurances that Carl C. Icahn would provide support...
New York Times - April 15, 2008
Construction Halted Ahead of Games
Chinese officials laid out a sweeping series of measures intended to clear the air for the Olympics this summer...
New York Times - April 15, 2008
A Living Memorial After Virginia Tech
The parents of a victim of last year?s Virginia Tech killings have honored her memory with an organization that repairs dilapidated houses in Appalachia...
New York Times - April 15, 2008
Zimbabwe Court Refuses to Release Vote Results
The ruling was a rebuff to the opposition party, which had demanded that election results be released immediately...
New York Times - April 15, 2008
An Effort to Market the Priesthood
Gone are the days when several hundred men at a time studied to be ordained as priests for the Roman Catholic Archdiocese of New York. Today, only 22 are enrolled...
New York Times - April 15, 2008
Bits: Newspapers Argue for First Amendment Right to Snoop on Readers
In comments to the Federal Trade Commission, the Newspaper Association of America challenged proposed rules on advertising based on where users surf online. It argued that such restrictions run afoul of the First Amendment's protection of the freedom of the press...
New York Times - April 15, 2008
Vonn Finds Herself at the Top
Skier Lindsey Vonn is not quite sure what to make of her accomplishments. She knows what she has done, but she is not certain what it means...
New York Times - April 15, 2008
Economy Ailing, Frustrated Italy Picks Berlusconi
The billionaire Silvio Berlusconi?s center-right coalition won a convincing majority in both houses of Parliament...
New York Times - April 15, 2008
At State Level, More Attempts to Limit Guns
State lawmakers across the country are ramping up efforts to pass new restrictions on guns after nearly a decade in which gun advocates have dominated...
New York Times - April 15, 2008
Delta and Northwest in $3 Billion Deal
The boards of Delta Air Lines and Northwest Airlines announced a deal late Monday that will create the world?s biggest airline and probably trigger other airlines to pursue mergers of their own...
New York Times - April 15, 2008
In Weak Rivets, a Possible Key to Titanic?s Doom
A team of scientists has uncovered new evidence that the ship?s builder used substandard rivets and rushed the project...
New York Times - April 15, 2008
Retailing Chains Caught in a Wave of Bankruptcies
A consumer spending slump and tightening credit markets are prompting thousands of store closings that are expected to remake shopping districts across the country...
New York Times - April 15, 2008
News Analysis: Fuel Choices, Food Crises and Finger-Pointing
Biofuels are fast becoming a new flash point in global diplomacy, putting pressure on Western politicians to reconsider their policies...
New York Times - April 15, 2008
With Faith in the Spotlight, Candidates Battle for Catholic Votes
Democrats, who lost among Catholics in the 2004 presidential election, have been trying to woo them back...
New York Times - April 15, 2008
Google tackles child pornography
Search engine giant Google adapts technology to help track down predators who use the web to exploit children...
BBC News - April 15, 2008
Poll shows Arabs' dislike for US
Views of the US in the Arab world remain mostly negative, the results of a new survey suggest...
BBC News - April 15, 2008
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