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US News Archive for May 2008:
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3 Nordic Banks Help Iceland Prop Up Currency
The central banks of Sweden, Denmark and Norway have lent Iceland emergency credit of up to $2.3 billion to shore up its swooning currency and forestall a broader economic collapse...
New York Times - May 16, 2008
DealBook: Carlyle and the Washington Factor
Carlyle?s $2.5 billion acquisition of a majority stake in the government consulting arm of Booz Allen Hamilton is bound to dredge up old images of the firm as the ultimate Washington insider...
New York Times - May 16, 2008
Stocks Pull Back as Oil Pushes to Fresh Record
Wall Street declined as enthusiasm over a surprise jump in home construction gave way to renewed concerns about how consumers will fare as oil pushes to fresh highs...
New York Times - May 16, 2008
FAO Schwarz to Sell Toys in Macy?s
Two of New York?s most venerable retail brands, Macy?s and FAO Schwarz, are teaming up for a risky experiment: bringing toys back to the department store...
New York Times - May 16, 2008
After Warehouse Fire, Fewer Rockets? Red Glare
An explosion that destroyed 20 fireworks warehouses in China three months ago will probably mean dimmer night skies on the Fourth of July in the United States...
New York Times - May 16, 2008
Paulson Says Economy Is Starting to Rebound
The Treasury secretary, Henry M. Paulson Jr., delivered a guardedly optimistic message to business leaders...
New York Times - May 16, 2008
Larry King Squelches Rumors of Shift at CNN
Larry King, who said last year that he hoped Ryan Seacrest would succeed, sought to tamp down speculation that any succession was imminent...
New York Times - May 16, 2008
For Parolees in Kansas, Help With Rehabilitation
A counseling program has helped Kansas become a leader in making parole more effective and useful...
New York Times - May 16, 2008
As Toll Rises to 78,000, Myanmar Still Limits Aid
The United States is facing the limits of its clout in dealing with a junta that human rights advocates say is putting its own survival before that of the population...
New York Times - May 16, 2008
your money: 5 Basic Guidelines for Managing Your Finances
A new Times columnist offers guidance that can be useful in making just about any financial decision...
New York Times - May 16, 2008
Robert Mondavi, 94, California Winemaker, Dies
Robert Mondavi was the California winemaking patriarch who built his winery into a thriving business using innovations such as cold fermentation and stainless steel tanks...
New York Times - May 16, 2008
Airlines Told to Report Tarmac Delays Fully
The Department of Transportation said that it would require airlines to give fuller accountings of delays on the tarmac...
New York Times - May 16, 2008
Saudis Rebuff Bush, Politely, on Pumping More Oil
The Saudis announced that they had increased output starting on May 10, but they seemed to reject a request by President Bush, who was visiting, to raise oil production further...
New York Times - May 16, 2008
Election at-a-glance: 10-16 May
A weekly guide to the 2008 US presidential election, in words and pictures...
BBC News - May 16, 2008
Portuguese spelling rules reformed
Portugal introduces contentious changes to the language, spelling many words the Brazilian way...
BBC News - May 16, 2008
Stocks Slip as Oil Hits New Record
Investors? nervousness over a fresh record for oil prices dented enthusiasm over a surprising jump in new home construction...
New York Times - May 16, 2008
DealBook: Carlyle to Buy Booz Allen Unit
Booz Allen Hamilton said it would sell a majority stake of its government practice to the Carlyle Group for $2.54 billion...
New York Times - May 16, 2008
The Lede: Water Woes From Florida to Orbit
Growing urban thirsts and drought-crimped supplies are driving some cities to much more drastic measures than just restricting lawn watering. Anyone for an ice-cold pitcher of recycled sewage?...
New York Times - May 16, 2008
DealBook: Job-Hunting in London? Keep Looking
From Julia Werdigier, DealBook's colleague in London: For some London bankers, now may be a good time to earn that MBA or go on that vacation. There were not only more job applicants than vacancies in the city's financial industry last month but the gap between the two has just widened to biggest in three years, [...]...
New York Times - May 16, 2008
Bitten: Batali, Paltrow, Bassols and Bittman
A preview of their upcoming television show set in Spain...
New York Times - May 16, 2008
TierneyLab: Obesity and Global Warming
As someone who commutes by bicycle into Manhattan, I would normally applaud any scientific rationale for more bike lanes. But some calculations in the new issue of the Lancet make me uncomfortable. The authors argue that policies promoting cycling and walking are good for the planet because they could reduce obesity -- and obesity, the [...]...
New York Times - May 16, 2008
The Rail: Our Preakness Picks
The Rail's contributors make their Preakness selections...
New York Times - May 16, 2008
Housing Starts Rise Unexpectedly
New-home construction increased 8.2 percent in April, offering signs of life in a deeply troubled sector...
New York Times - May 16, 2008
Paulson Says Markets Are Stabilizing
Treasury Secretary Henry Paulson said on Friday that U.S. financial markets were calming down from March?s turmoil but warned more pain lies ahead for borrowers...
New York Times - May 16, 2008
Bush Rebuffed on Oil Plea in Saudi Arabia
With the price of oil hitting record highs, President Bush used a visit with King Abdullah to try to persuade the Saudis to increase oil production and was rejected yet again...
New York Times - May 16, 2008
As Time Runs Out, Rescuers Still Find Quake Survivors
Chinese officials said rescuers were still finding survivors four days after an earthquake that has killed at least 22,000 people...
New York Times - May 16, 2008
Myanmar Raises Cyclone Toll to 78,000
The government?s revised death toll almost doubled, and it also raised the number of missing to 55,917...
New York Times - May 16, 2008
Panel Backs Amputee Sprinter?s Olympic Quest
Oscar Pistorius will be allowed to compete for a spot in the Olympic games after an unexpected ruling...
New York Times - May 16, 2008
US consumer mood at 28-year low
US consumer sentiment is now at its lowest level in almost 28 years, says a closely-watched survey...
BBC News - May 16, 2008
Home construction picks up in US
Construction of new US homes increased in April, raising hopes that the housing market may be recovering...
BBC News - May 16, 2008
Saudis 'resist Bush oil pressure'
Saudi Arabia rejects a US appeal to raise oil production saying there is no new demand, US officials say...
BBC News - May 16, 2008
US aid 'failing to reach target'
The US Congress provides billions of dollars for Pakistan and Afghanistan but much of the money never gets there...
BBC News - May 16, 2008
Warren Cowan, a Star at Promoting Stars, Dies at 87
Mr. Cowan represented generations of celebrities, from Doris Day to Bette Midler, Frank Sinatra to Elton John, Ronald Reagan to Arnold Schwarzenegger...
New York Times - May 16, 2008
Microsoft Joins Effort for Laptops for Children
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 16, 2008
Marine Given 4 Years in Sex Case
A United States court martial sentenced a marine to four years in prison for sexually abusing a 14-year-old...
New York Times - May 16, 2008
From Iraq to Disney World: A Military Resort
Shades of Green, a unique retreat for military personnel that sits within Disney World near Orlando, Fla., allows those in the service to reconnect with their families...
New York Times - May 16, 2008
The Fifth Down: Herald Reporter?s Mea Culpa
In a column posted shortly after midnight, John Tomase of The Boston Herald explained how he botched his Super Bowl walk-through article...
New York Times - May 16, 2008
From Metalwork to Luxury Condos: Century-Old SoHo Shop Ends Its Run
After serving industry and then local designers and artists, a metalwork business shut down when its owners found it worth more closed than open...
New York Times - May 16, 2008
Investigator to the Stars Is Convicted in Wiretaps
Anthony Pellicano was a ripped-from-a-pulp-novel private eye who made himself an indispensable Hollywood fixer...
New York Times - May 16, 2008
In the South, a Force to Challenge the G.O.P.
Turnout Senator Barack Obama has helped generate may signal a threat to the Republican dominance of the South...
New York Times - May 16, 2008
Unions Bankrolled Analyst Vetting Pension Bill
Albany legislators failed to disclose that an expert who advised them was paid by unions that would benefit...
New York Times - May 16, 2008
News Analysis: Ruling Could Revive Gay Marriage Issue in Campaign
The three candidates are pretty much in agreement on the issue, but the California Supreme Court?s ruling is likely to put the issue back onto the national political stage...
New York Times - May 16, 2008
In Departure, China Invites Outside Help
China sought experts and equipment from Japan and Taiwan as President Hu Jintao visited the area affected by the earthquake...
New York Times - May 16, 2008
US video game sales lifted by GTA
US sales of video game consoles and software were up 47% in April from a year ago, a research firm says...
BBC News - May 16, 2008
Oil and Iran on Bush Saudi agenda
US President George W Bush is in Saudi Arabia for talks expected to focus of oil prices and Iran...
BBC News - May 16, 2008
Food prices focus at Peru summit
The rise in world food prices dominates a meeting of world leaders from Europe, Latin America and the Caribbean...
BBC News - May 16, 2008
Editor From Herald Tribune to Run A.P. News in the U.S.
Michael Oreskes, the executive editor of The International Herald Tribune, is taking a newly created position as managing editor for United States news at The Associated Press...
New York Times - May 16, 2008
Buffett Increases Stakes in Kraft Foods and Wells Fargo
Berkshire Hathaway, the investment company controlled by Warren E. Buffett, took advantage of prices driven down by the credit crisis and the slowing American economy...
New York Times - May 16, 2008
Blackstone Reports a $66.5 Million Quarterly Loss
The Blackstone Group posted a $66.5 million quarterly loss on Thursday, and its executives warned that the turmoil in the financial markets may not be over...
New York Times - May 16, 2008
Cost-Cutting Helps Blockbuster Post a Profit
The movie rental chain Blockbuster posted a higher-than-expected quarterly profit, bolstered by cost-cutting measures...
New York Times - May 16, 2008
Market Place: A Values Debate (Not the Political Kind)
Wall Street is struggling to answer what might seem like a simple question: How much are some investments really worth?...
New York Times - May 16, 2008
Competitor Files a Lawsuit Claiming Speedo Is Attempting a Monopoly
TYR Sport Inc. describes a climate in which elite athletes have been led to believe they cannot excel on the world stage unless they wear Speedo?s newest high-tech suit...
New York Times - May 16, 2008
Big Retailers Trim Costs, and Their Profits Rise
J. C. Penney, Kohl?s and Nordstrom reported first-quarter profit on Thursday that fell less than analysts estimated by reducing costs as the economy teetered near a recession...
New York Times - May 16, 2008
CBS in Deal to Buy CNet to Increase Online Ads
At $1.8 billion, Thursday?s deal for CNet by CBS is the biggest by far in its recent Internet expansion, making the network bigger players in online media...
New York Times - May 16, 2008
Deal for Auto Workers
The Canadian Auto Workers union reached tentative agreements with General Motors of Canada and Chrysler Canada, four months before current contracts expire...
New York Times - May 16, 2008
U.S. Declines to Say China Manipulates Its Currency
The Bush administration on Thursday declined to label China a manipulator of currency to gain unfair trade advantages...
New York Times - May 16, 2008
Fox Plans to Run Fewer Ads in 2 New Prime-Time Dramas
The president of Fox Entertainment announced a plan that would allow two of its new dramas, ?Fringe? and ?Dollhouse,? to run as many as 50 minutes of story each episode...
New York Times - May 16, 2008
Farm Bill, Facing Veto, Goes to Bush
The president has promised to veto the bill because he says it would not do enough to limit subsidies at a time of record grain prices...
New York Times - May 16, 2008
Bernanke Says Banks Need More Capital
Ben S. Bernanke, the Federal Reserve chairman, urged banks to keep raising capital in the aftermath of losses from the credit crisis to avert deeper damage to the economy...
New York Times - May 16, 2008
Oil Price Dip Helps Shares Post a Gain
The stock market notched a second consecutive daily advance Thursday as oil prices fell slightly and some economic data came in better than expected...
New York Times - May 16, 2008
Advertising: Yahoo and WPP in Partnership
The deal between Yahoo and WPP Group, the advertising holding company, will give WPP?s clients a broader swath of Web sites where they can aim their messages...
New York Times - May 16, 2008
Industrial Output Fell Sharply in April, Led by Auto Production Cuts
The Federal Reserve reported on Thursday that industrial production dropped 0.7 percent last month, more than double the decline that economists had expected...
New York Times - May 16, 2008
For Wall Street Workers, Ax Falls Quietly
Some people who have lost jobs, and many more struggling to hold them, say banks are keeping employees in the dark about the size and timing of layoffs...
New York Times - May 16, 2008
Yahoo?s Chairman Disputes Icahn?s Accusations
Yahoo?s chairman rejected accusations from the billionaire investor Carl C. Icahn that the company?s board had acted irrationally in rejecting a $47.5 billion takeover offer from Microsoft...
New York Times - May 16, 2008
Pakistan Defies U.S. on Halting Afghanistan Raids
Pakistani officials are making it clear that they have no interest in stopping cross-border attacks by militants into Afghanistan, prompting a new level of frustration from Americans...
New York Times - May 16, 2008
The Pour: Gobs of Pleasure? No Thanks
In praise of wines with subtly rather than intensity...
New York Times - May 16, 2008
Analyst Vetting Pension Bill Was Paid by Unions
Albany legislators failed to disclose that an expert who advised them on laws enriching state employee retirement plans was bankrolled by the unions that benefited...
New York Times - May 16, 2008
In South, Black Turnout May Challenge the G.O.P.
The surge in turnout Barack Obama has helped to generate could signal a threat to the Republican dominance of the South...
New York Times - May 16, 2008
Videotaper?s Inside View of the Patriots? Spying
Matt Walsh?s view of Spygate differs from that of the Patriots, the N.F.L. and anyone else who contends that the videotaping of opponents? signals had little effect on the Patriots? performance...
New York Times - May 16, 2008
Zimbabwe?s Rulers Unleash Police on Anglicans
Ahead of a presidential runoff, the ruling party is focusing an intimidation campaign on groups it does not control...
New York Times - May 16, 2008
McCain Vision Has Most G.I.?s Out of Iraq by 2013
John McCain?s comments were a striking departure from his usual refusal to set a date for American withdrawal...
New York Times - May 16, 2008
Bush Assails ?Appeasement,? Touching Off Storm
A remark seen as a rebuke to Barack Obama likened those who would negotiate with ?terrorists? to Nazi appeasers...
New York Times - May 16, 2008
California Supreme Court Overturns Gay Marriage Ban
The ruling, striking down laws limiting marriages to unions between a man and a woman, would make California the second state to allow same-sex marriage...
New York Times - May 16, 2008
News Analysis: Ruling Returns Gay Marriage to Stage in Presidential Bids
The three candidates oppose same-sex marriage, but say couples should be entitled to the legal protections afforded married couples...
New York Times - May 16, 2008
In Departure, China Invites Outside Help
China sought experts and equipment from Japan and Taiwan, neighbors it has long shunned, as President Hu Jintao visited the area...
New York Times - May 16, 2008
Solar Valley Rises in an Overcast Land
Thanks to its aggressive push into renewable energies, cloud-wreathed Germany has become an unlikely leader in the race to harness the sun?s energy...
New York Times - May 16, 2008
US 'cyber-bully' mother indicted
A US woman whose daughter's friend committed suicide after she allegedly bullied her on MySpace is indicted by a Grand Jury...
BBC News - May 16, 2008
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