|
|
|
|
US News Archive for May 2008:
|
 |
High & Low Finance: Beware the Dreaded Piggyback Loan
So-called piggyback loans have been highly vulnerable to homeowners who walk away when property values fall...
New York Times - May 15, 2008
Stocks Advance After Economic Reports
Wall Street moved higher after a batch of reports pointed to an economy that is hurting, but not as badly as many investors expected after the near-collapse of the mortgage market...
New York Times - May 15, 2008
To Pare Losses, French Bank Plans to Sell Assets
Crédit Agricole named a new head for its investment banking unit and said it planned to sell 5 billion euros, or $7.75 billion, of assets to help pare losses linked to the subprime market downturn...
New York Times - May 15, 2008
Led by Germany, a Strong Quarter for Europe
The German economy grew 1.5 percent in the first quarter of this year, delivering its best performance in over a decade. The euro zone grew 0.7 percent during the period...
New York Times - May 15, 2008
Judge Sides With Red Cross Over Trademark
Johnson & Johnson lost the second round in its trademark dispute against the disaster relief agency when a federal judge in Manhattan threw out most of the case...
New York Times - May 15, 2008
Investigator Guilty in Hollywood Wiretapping Case
Anthony Pellicano was found guilty of using illegal tactics to gather information for rich and famous clients...
New York Times - May 15, 2008
Microsoft Is Joining Low-Cost Laptop Project
After years of conflict, Microsoft and the computing and education project One Laptop Per Child, have reached an agreement that will put Windows on the organization?s computers...
New York Times - May 15, 2008
Rescuers Aim for Chinese Villages Yet Unreached
Rescue workers are still struggling to reach untold numbers of remote villages, which could contribute tens of thousands more bodies to the earthquake death toll...
New York Times - May 15, 2008
The Caucus: McCain Sees U.S. Troops Leaving Iraq by 2013
John McCain?s declaration in a speech was a striking change from his refusal so far to set a date for withdrawal...
New York Times - May 15, 2008
California Court Affirms Right to Gay Marriage
The ruling, striking down laws limiting marriages to unions between a man and a woman, will make California the second state to allow same-sex marriage...
New York Times - May 15, 2008
Gay Couples Rejoice at Ruling
Meanwhile, opponents said they are proposing a constitutional amendment to ban same-sex marriage...
New York Times - May 15, 2008
US House rejects war funding bill
The Democrat-controlled US House of Representatives rejects a bill to fund wars in Iraq and Afghanistan...
BBC News - May 15, 2008
McCain predicts Iraq exit by 2013
US Republican candidate John McCain predicts that, if he is elected, most US troops will have left Iraq by 2013...
BBC News - May 15, 2008
Farc rebel link files 'genuine'
Colombia did not fake computer files which it alleges connect rebels to Venezuela and Ecuador, Interpol says...
BBC News - May 15, 2008
California lifts gay marriage ban
California's top court overturns the state's ban on same-sex marriages in a ruling expected to reignite debate...
BBC News - May 15, 2008
Blockbuster Swings to Profit on U.S. Sales Growth
The movie rental chain posted first-quarter profit of $42.6 million, citing lower expenses and improved results from its subscription service and domestic sales growth...
New York Times - May 15, 2008
BT Profit Falls as Broadband Gains
The company said profit fell 6.2 percent to 426 million pounds ($828.5 million) in the fourth quarter as costs rose and it lost some wholesale customers to broadband services...
New York Times - May 15, 2008
DealBook: Blackstone Posts Loss on Mark-Downs
The company posted a $93.6 million loss in its first quarter as it marked down the value of its investments amid a tough environment for private equity firms...
New York Times - May 15, 2008
JC Penney Profit Falls 50% but Shares Rise
The retailer?s quarterly profit plunged as weak demand forced it to cut prices to clear unsold merchandise, but the results beat expectations...
New York Times - May 15, 2008
Industrial Output Plunges in April
Industrial production dropped 0.7 percent last month, more than double the decline that economists had expected, reflecting big cutbacks in autos and other industries...
New York Times - May 15, 2008
Bernanke Urges Banks to Raise Capital if Needed
Financial market turmoil underscores the need for ?generous? capital cushions, and banks need to actively raise money as needed, the Fed chairman said on Thursday...
New York Times - May 15, 2008
Stocks Turn Higher After Jobless Claims Report
Wall Street advanced after economic data pointed to an economy that is hurting, but not experiencing as rough a time as many investors expected...
New York Times - May 15, 2008
Sanofi-Aventis Wants F.D.A. to Reconsider Heart Drug
The company said it would resubmit its application for Multaq based on results from a study showing that the drug reduced both hospitalization and death in patients with atrial fibrillation...
New York Times - May 15, 2008
DealBook: CBS to Pay $1.8 Billion for CNET Networks
The deal for CNET is CBS?s biggest online acquisition since it hired Quincy Smith, a former media and technology investment banker, to lead its interactive unit in late 2006...
New York Times - May 15, 2008
Bush Speech Criticized as Attack on Obama
President Bush said in a speech in Israel that talking to ?terrorists and radicals? was a form of appeasement...
New York Times - May 15, 2008
Q & A: Former Videographer Details Patriots? Spying
Matt Walsh discussed instructions, the chain of command and cover stories for the team?s spying operations...
New York Times - May 15, 2008
Icahn Proposes Dissident Yahoo Board
The billionaire investor and activist shareholder proposed a dissident slate of directors for the Yahoo board as he tries to force the company to restart talks to sell itself to Microsoft...
New York Times - May 15, 2008
The Lede: A Plague of Ants in Houston
Two spine-tingling reports, from The Houston Chronicle and The Associated Press, leave no gory detail unarticulated about the city?s suddenly immense problem with ants...
New York Times - May 15, 2008
California Supreme Court Overturns Gay Marriage Ban
The ruling paves the way for California to become the second state where gay men and lesbians can marry...
New York Times - May 15, 2008
Death Toll Up, Struggle to Reach China Survivors
Officials warned that the death toll, raised now to 19,500, could reach as high as 50,000, as dozens of villages remained cut off from rescuers Thursday...
New York Times - May 15, 2008
Myanmar Farmers May Miss Harvest
The timing of Cyclone Nargis, which disrupted farmers as they were preparing to plant, could not have been worse...
New York Times - May 15, 2008
Defying President Bush, Senate Passes Farm Bill
The bill received far more than the two-thirds vote needed to override President Bush?s expected veto...
New York Times - May 15, 2008
The Caucus: McCain Sees Troops Coming Home by 2013
Senator John McCain?s projection in a speech on Thursday was a striking departure from his refusal so far to set a date for U.S. withdrawal from Iraq...
New York Times - May 15, 2008
US industrial output sees decline
US industrial output fell 0.7% in April, after car and manufacturing industries cut production, figures show...
BBC News - May 15, 2008
CBS buys tech news website
Television company CBS agrees to buy online technology news and entertainment website CNET...
BBC News - May 15, 2008
Amazon 'needs economic chances'
The minister in charge of Brazil's rainforest says conservation and economic development go hand in hand...
BBC News - May 15, 2008
California rules on gay marriage
California's highest court is to give a long-awaited ruling on the legality of the state's ban on same-sex marriages...
BBC News - May 15, 2008
Bats: Cano and Mussina Do Just Enough
Robinson Cano went 4-for-4 to raise his average to .205, and Mike Mussina won his fifth start in a row...
New York Times - May 15, 2008
Bits: Ask.com Tries Again (Not Just With Women)
In its quest to increase search traffic, Ask.com buys the owner of Dictionary.com...
New York Times - May 15, 2008
Suicide Blast Kills 18 Afghans
A suicide blast killed 18 police and civilians on Thursday in Afghanistan?s western province of Farah, officials said...
New York Times - May 15, 2008
Myanmar Says Constitution Approved
Myanmar announced that a constitution won massive support in a referendum, a claim slammed by a leading rights group as an insult to the country?s people...
New York Times - May 15, 2008
Child Welfare Tightens Law on Removal
Authorities can remove newborns in all but an ?extraordinary instance? if the parents previously had children taken from their custody and their case is still open...
New York Times - May 15, 2008
Death Toll Higher, Struggle to Reach China Survivors
At least three dozen villages and towns in were still cut off from rescuers, as the death toll was raised to 19,500, with 40,000 still buried in rubble, according to officials...
New York Times - May 15, 2008
Despite Truce, War Over Wall Persists in Sadr City
A battle of attrition continues to be waged over the barrier that Americans have built to try to establish a safe zone...
New York Times - May 15, 2008
GE 'to sell appliances business'
US conglomerate General Electric is contemplating selling off its appliances business, reports suggest...
BBC News - May 15, 2008
Net video lands US man in prison
A US man who posted an internet video taunting police to arrest him is jailed for more than six years in Florida...
BBC News - May 15, 2008
Brazil needs Amazon 'middle way'
The minister in charge of Brazil's Amazon rainforest says conservation and economic development go hand in hand...
BBC News - May 15, 2008
Mexican tortilla prices 'up 18%'
Tortilla prices in Mexico are set to rise by 18% over the next few weeks, an industry group says...
BBC News - May 15, 2008
Morales 'set on Bolivia reforms'
Bolivian leader Evo Morales tells the BBC he is confident of winning a referendum on his leadership and will push through reforms...
BBC News - May 15, 2008
Life?s Work: Diversity Isn?t Rocket Science, Is It?
The office can still be a demeaning place for women in technical fields...
New York Times - May 15, 2008
Telecom Deal by Germans in Greece
Greek officials said that they had sold a 3 percent stake in the country?s public telecommunications operator to Deutsche Telekom, the largest telephone company in Europe...
New York Times - May 15, 2008
Harvey Schein, Promoter of Betamax at Sony, Dies at 80
Mr. Schein led the Sony Corporation of America in the 1970s and doubled its size in spite of championing the failed Betamax video recording system...
New York Times - May 15, 2008
Larry Levine, an Inventor of ?Wall of Sound? Is Dead at 80
Mr. Levine helped create Phil Spector?s groundbreaking ?wall of sound? technique on hit records by the Crystals, the Ronettes and the Righteous Brothers...
New York Times - May 15, 2008
Writedown at Royal Bank of Canada
The Royal Bank of Canada said it would take a write down of 855 million Canadian dollars ($846 million) on its second-quarter earnings, largely because of problems in the United States debt market...
New York Times - May 15, 2008
Canadian Oil Sands Project Is Delayed
Work on a large oil sands project was delayed after the Federal Court of Canada rejected an appeal by Imperial Oil to reinstate a permit that was voided in March...
New York Times - May 15, 2008
Editor Is Leaving Chicago Tribune
The Chicago Tribune?s managing editor for news, George de Lama, is leaving the newspaper after 30 years...
New York Times - May 15, 2008
Macy?s Reports Loss on Lower Sales
Macy?s reported a $59 million first-quarter loss because of lower sales and the costs of a consolidation, which the company said should start paying off next year...
New York Times - May 15, 2008
Ex-Fed Chief Warns That ?70s-Style Inflation Is Possible
Paul A. Volcker warned that the United States could face a 1970s-style period of skyrocketing inflation if investors lost confidence in the buying power of the dollar...
New York Times - May 15, 2008
F.D.A. Delays Clinical Trial of Embryonic Stem Cells
The Geron Corporation announced Wednesday that its plans to begin the first clinical trial using embryonic stem cells had been delayed by federal regulators...
New York Times - May 15, 2008
Tax Havens Face Pressure From Europe
The European Commission will propose expanding a directive to ensure that Europeans do not evade taxes on the interest from savings by opening accounts abroad...
New York Times - May 15, 2008
Stocks & Bonds: Investors Heartened as Price Index Rises More Slowly
Wall Street advanced Wednesday after a better-than-expected report on consumer prices tempered some of the market?s concerns about inflation...
New York Times - May 15, 2008
Deere Profit Rises but Outlook Disappoints
Deere & Company,the farm machinery maker, said that its second-quarter profit rose 22 percent as high crop prices fed global demand for its farm equipment despite a faltering American economy...
New York Times - May 15, 2008
Airbus Unit Helps EADS Post Profit
EADS bounced back to a quarterly profit, reflecting an unexpected turnaround at Airbus, its commercial plane maker, and a hefty early payment for its military transport aircraft...
New York Times - May 15, 2008
Advertising: Fox Will Bring Back ?Idol,? and Add Sci-Fi
Fox will introduce a science-fiction-oriented drama from J. J. Abrams of ?Lost? and a comedy about life at a luxury hotel starring Jerry O?Connell...
New York Times - May 15, 2008
Turner to Offer Marketers Way to Link Ads to Content
Turner Entertainment is offering a new system intended to pair commercials with relevant moments in the shows they interrupt...
New York Times - May 15, 2008
I.R.S. Seeks Reports of Foreign Accounts
In its hunt for wealthy Americans who have stashed money overseas to evade taxes, the U.S. government has turned to an obscure law enacted nearly four decades ago...
New York Times - May 15, 2008
Judge Says Countrywide Officers Must Face Suit by Shareholders
Directors and officers of Countrywide, the beleaguered mortgage lender, will have to answer shareholder accusations of insider trading and a failure to monitor lending practices...
New York Times - May 15, 2008
Freddie Mac Posts Quarterly Loss Tempered by Accounting Techniques
The provider of financing for residential mortgages disclosed losses that were smaller than expected only because of accounting tactics that minimized the effects of bad loans...
New York Times - May 15, 2008
Icahn Is Said to Plan a Proxy Battle at Yahoo
Carl Icahn has decided to move ahead with plans for a proxy fight at Yahoo and will propose a dissident slate of directors, people with knowledge of the plans said...
New York Times - May 15, 2008
Market Place: Merrill Tries to Temper the Pollyannas in Its Ranks
Merrill Lynch unveiled a new system for rating stocks that suggests Wall Street finally may be mustering up its courage to say ?sell? more often...
New York Times - May 15, 2008
G.E. May Sell Appliance Division
The announcement comes as G.E.?s chief executive, Jeffrey Immelt, tries to fix the troubled conglomerate, which has been hit hard by the slumping economy...
New York Times - May 15, 2008
Bits: Green Talk Is Gold to Silicon Valley
Presidential candidate Barack Obama's campaign promise to spend $150 billion on alternative energy drew praise from Silicon Valley...
New York Times - May 15, 2008
Shifting Careers: Diversity at Work
A diversity consultant discusses the slow progress in creating diverse workplaces...
New York Times - May 15, 2008
A Blur of Hands, Spokes and Determination
Comprised of equal parts oh-boy Virginian and oh-man athlete, 24-year-old Josh George has established himself as one of the fastest wheelchair racers...
New York Times - May 15, 2008
House Passes Farm Bill by a Veto-Proof Margin
The House approved a five-year, $307 billion farm bill with a solid bipartisan majority while ignoring a veto threat from President Bush...
New York Times - May 15, 2008
Ranked No. 1 in World, Henin Decides to Retire
In a move that left other professional tennis players stunned, 25-year-old Justine Henin ended a career she described as a ?marvelous adventure.?...
New York Times - May 15, 2008
Immigration and Violence Propel Father?s Crusade
In Los Angeles, a gang case has unleashed opposition to the city?s hands-off policy toward immigration enforcement...
New York Times - May 15, 2008
Specter Calls Patriots? Spying Wider Than Stated
Senator Arlen Specter is questioning the legitimacy of the Patriots? accomplishments and calling for a wider inquiry...
New York Times - May 15, 2008
Where Parking Rules the Days, a Little Miracle
As city workers replace signs in Park Slope, alternate-side parking rules are being suspended for a few months...
New York Times - May 15, 2008
Bacon Triptych Auctioned for Record $86 Million
A 1976 triptych by Francis Bacon brought $86.3 million on Wednesday night at Sotheby?s, becoming the most expensive work of contemporary art ever sold at auction...
New York Times - May 15, 2008
Amid Myanmar Secrecy, Tales of Survival
It is possible to piece together a picture of a powerful storm but a rescue of not nearly the same magnitude...
New York Times - May 15, 2008
Ex-Rival Edwards Throws His Support to Obama
The endorsement could offer Senator Barack Obama help in his efforts to win over working class white voters in the general election...
New York Times - May 15, 2008
Tiny Bodies in a Morgue, and Grief in China
After the earthquake in China, many of the dead are children in a country where most families are allowed to have only one...
New York Times - May 15, 2008
Republican Election Losses Stir Fall Fears
After three losses in special Congressional races, some senior Republicans urged their party?s candidates to distance themselves from President Bush...
New York Times - May 15, 2008
|
|
|
| |
|
|
|
 |
| Keep up with Steve, join our G-Mail List to receive Gill Show updates and Steve's weekly column... |
|
|
|
 |
|
| |
|
|
|
|
|
