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US News Archive for May 2008:
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Elizabeth Arden Posts Surprise Loss and Cuts Outlook
The cosmetic company?s shares sank 22 percent after it posted a quarterly net loss of $3.8 million, hurt by the weakening economy...
New York Times - May 1, 2008
Stocks Up Sharply as Dollar Rises
Wall Street shot higher as investors, while anticipating another dismal jobs report Friday, found solace in the rising dollar and falling oil prices...
New York Times - May 1, 2008
advertising: Agency Pays $12 Million to Settle Accounting Case
The Interpublic Group agreed to pay the fine to settle a Securities and Exchange Commission investigation into its accounting practices...
New York Times - May 1, 2008
April Sales Show Shift to Smaller Cars
Despite higher sales of small cars as oil and gasoline prices climbed to records in April, automakers said that overall vehicle sales in the United States plummeted during the month...
New York Times - May 1, 2008
Microsoft Chief Set to Narrow Pursuit of Yahoo
Steven A. Ballmer told employees that the company would announce ?in very short order? which of three paths it would choose in its three-month-old pursuit of Yahoo...
New York Times - May 1, 2008
Sun Microsytems Reports Loss in Quarter
The maker of server computers posted a loss of $34 million in the third quarter, falling short of Wall Street expectations, as economic challenges overshadowed gains overseas...
New York Times - May 1, 2008
Baghdad Bureau: Iraqi Views of Spring 2003
The foot of the bridge over the Diyala River was littered with Iraqi bodies after a battle with the First Marine Division in April 2003. (Photo: James Hill/The New York Times) This post is by an Iraqi employee of The New York Times based in Diyala whose name is being withheld for his safety. It was [...]...
New York Times - May 1, 2008
The Rail: Q&A With Joe Drape at Churchill Downs
Joe Drape, The Times's award-winning horse racing writer, will be online today from Churchill Downs answering readers' questions about the Kentucky Derby...
New York Times - May 1, 2008
Pogue?s Posts: Promoting Tolerance Through Film
A film festival aimed at bringing the world together through film will be broadcast over TV, the Internet and on cellphones via streaming video...
New York Times - May 1, 2008
London Mayoral Election Seen as Close
The race turns in large part on the personalities of the leading candidates, both of whom provoke high passions...
New York Times - May 1, 2008
Belarus Expels 10 U.S. Diplomats
The State Department reacted angrily on Thursday to the expulsion of 10 American diplomats by Belarus, a former Soviet Republic...
New York Times - May 1, 2008
Reading Program Is Called Ineffective
President Bush?s $1 billion a year initiative to teach reading to low-income children has not helped improve their reading comprehension, according to a Department of Education report released on Thursday...
New York Times - May 1, 2008
Bits: Amazon Sues New York State Over Sales Tax
Amazon.com has filed a law suit in New York State court to block a new law meant to force it to collect sales tax on Internet sales to residents of the state...
New York Times - May 1, 2008
City Room: Fossella Faces D.W.I. Charge
Two newspapers report that the congressman, a Republican from Staten Island, was arrested in Alexandria, Va., overnight...
New York Times - May 1, 2008
Twin Bombings Kill at Least 35 in Iraq
Two blasts set off by suicide bombers ripped through a crowded shopping street in Diyala, only hours after a car bomb in Baghdad killed a U.S. soldier and nine Iraqi civilians...
New York Times - May 1, 2008
Former D.N.C. Chairman Backs Obama
Joe Andrew announced he had switched his allegiance from Hillary Rodham Clinton to Barack Obama...
New York Times - May 1, 2008
The Lede: Story Ends for the ?D.C. Madam?
Deborah Jeane Palfrey dies before serving a long sentence for running a prostitution ring...
New York Times - May 1, 2008
In Beijing, an Air Terminal of Olympic Size
The latest example of China?s Olympic preparations is a massive structure that cost $3.8 billion and can handle more than 50 million passengers a year...
New York Times - May 1, 2008
House Committee Passes Mortgage Aid Plan
The House Financial Services Committee approved legislation that would make up to $300 billion in insured loans available to refinance the mortgages of borrowers in danger of foreclosure...
New York Times - May 1, 2008
Bolivia nationalises energy firms
The Bolivian government nationalises a number of oil, gas and telecoms companies, taking control from foreign owners...
BBC News - May 1, 2008
US denies Belarussian expulsions
The US denies telling Belarus to withdraw diplomats and shut missions after Minsk expels 10 Americans...
BBC News - May 1, 2008
Bush unveils Burma sanctions
The US president announces fresh sanctions against Burma's junta, targeting state-owned firms...
BBC News - May 1, 2008
Canada police probe plane death
Canadian police interview passengers from an Aeroflot plane where a man died after an alleged drunken row...
BBC News - May 1, 2008
'DC Madam' found dead in Florida
The recently-convicted head of a Washington DC escort service used by politicians commits suicide, police say...
BBC News - May 1, 2008
Thurman 'frightened by stalker'
Actress Uma Thurman tells a New York court a man accused of stalking her made her feel "frightened"...
BBC News - May 1, 2008
Revlon Narrows Loss
The cosmetics company lowered its loss to $2.5 million, as expenses declined from a year ago when the company introduced a new line of hair color...
New York Times - May 1, 2008
Kodak Posts Narrower Loss
Eastman Kodak said its first-quarter loss narrowed to $115 million as it battles for a bigger slice of digital photography. Its stock fell more than 5 percent...
New York Times - May 1, 2008
Tyco International Profit Falls
The diversified manufacturer said second-quarter profit tumbled 67 percent from the same period a year ago, when it had substantial profits from now-discontinued operations...
New York Times - May 1, 2008
Tyco Electronics Profit Beats Expectations
Second-quarter earnings rose to $301 million as gains in the company?s global industrial and infrastructure businesses offset slower growth in its consumer markets...
New York Times - May 1, 2008
New Restaurant Growth Lifts Burger King Earnings
The fast-food chain posted quarterly net income of $41 million, helped by strong same-store sales in each of its segments and new restaurant growth...
New York Times - May 1, 2008
CVS Caremark Profit Rises as Sales Climb
The pharmacy chain said its first-quarter profit jumped 84 percent to $745 million, helped by surging sales in the wake of last year?s purchase of Caremark...
New York Times - May 1, 2008
NYMEX Posts Higher Profit on Higher Volume
The parent of the New York Mercantile Exchange said profit rose to $71.2 milion in the first quarter as average trading volume hit record levels...
New York Times - May 1, 2008
Williams Profit Soars, Beating Estimates
The natural gas producer said first-quarter profit nearly quadrupled to $500 million as higher production and prices and the sale of international assets lifted results...
New York Times - May 1, 2008
Marathon Profit Edges Higher, Beating Estimates
The company said first-quarter earnings rose 2 percent to $731 million as profits from record oil prices outweighed weak margins at its refining business...
New York Times - May 1, 2008
Clorox Profit Falls on Higher Costs
The consumer products maker said third-quarter profit fell nearly 23 percent, hurt by rising costs for energy and raw materials...
New York Times - May 1, 2008
Comcast Profit Meets Expectations
The largest U.S. cable operator reported a 12.5 percent decline in first-quarter profit from a year ago, when earnings were inflated by a one-time gain...
New York Times - May 1, 2008
Slower Consumer Spending Hits Home Depot
The home improvement chain announced that it was dropping plans to open 50 stores and would close 15 poorly performing locations...
New York Times - May 1, 2008
Ford?s Sales Reflect Move to Smaller Cars
The automaker?s American sales dropped 12 percent in April as high gasoline prices accelerated consumers? rush away from trucks and sport utility vehicles...
New York Times - May 1, 2008
Stocks Up as Dollar Rises
Investors looked past a disappointing profit report from Exxon Mobil and focused on the rising dollar, which strengthened on economic data and the Fed?s apparent resolve to monitor inflation...
New York Times - May 1, 2008
The Lede: Italians? Salaries Briefly on the Web
The Italian government decides to expose online data on taxpayers -- deliberately, but not for long...
New York Times - May 1, 2008
Paper Cuts: Harry Potter Off the Best-Seller List
A Queen No More?: J. K. Rowling at Radio City Music Hall in 2006 (Reuters) It had to happen sometime ? and, lo, an era has ended. After a 10-year run, and less than a year after the seventh and final book in J.?K. Rowling?s series was published, the Harry Potter books have fallen ? as [...]...
New York Times - May 1, 2008
Dot Earth: For Climate Campaigns, a Cooling Test
Can climate campaigns withstand a cooling test?...
New York Times - May 1, 2008
Obama Defends Handling of Furor Over Ex-Pastor
Senator Barack Obama sought to explain why he had not denounced the minister?s provocative comments sooner...
New York Times - May 1, 2008
G.M. Invests in Second Ethanol Process
The company said it had invested in Mascoma, a company that has proprietary technologies for making ethanol from sources like papermill waste, corn stalks, wood chips and switchgrass...
New York Times - May 1, 2008
Anti-French Boycott Falters in China
They came. They expressed patriotic fervor. Then they shopped. Carrefour, a French department store chain, did a brisk business despite protests and a planned boycott...
New York Times - May 1, 2008
Key Militant in Somalia Killed in U.S. Attack
Somali officials said that the death of Aden Hashi Ayro, the leader of an Islamist militia who was blamed for a string of atrocities, could help end the conflict...
New York Times - May 1, 2008
For Exxon Mobil, $10.9 Billion Profit Disappoints
Exxon?s shares fell after the company reported that first-quarter net income rose 17 percent, slightly below expectations...
New York Times - May 1, 2008
Consumer Spending Stagnates as Prices Rise
Consumer spending barely budged in March as Americans tried to deal with higher food and energy prices...
New York Times - May 1, 2008
Profits, bookings rise at Expedia
Expedia, the online travel agency, reported a rise in net income to $51.3m (£26m) from $34.8m a year earlier...
BBC News - May 1, 2008
Exxon profit up 17% on oil surge
Oil giant Exxon Mobil makes $10.9bn profit in the first three months of 2008 - up 17% but less than some had expected...
BBC News - May 1, 2008
Rally in Cuba marks May Day
Hundreds of thousands of Cubans attend a May Day parade in Havana, amid hopes for further reforms...
BBC News - May 1, 2008
Africans stranded in Caribbean
A group of West African's have been stranded on the Caribbean island of Barbados...
BBC News - May 1, 2008
Texan sect inquiry finds injuries
Officials find evidence of injuries in some children from a Texan sect and check for sexual abuse involving boys...
BBC News - May 1, 2008
Paper Cuts: The Moral Calculus of War
Hiroshima (U.S. National Archives/Corbis) and Tokyo (Kyodo News) in ruins. Some controversies never die (nor should they). One of those is the question of whether the United States should have dropped atomic bombs on Hiroshima and Nagasaki. Every year or so seems to bring another book or article with some new angle or fresh way of [...]...
New York Times - May 1, 2008
Loss and Furor Take Toll on Obama, Poll Finds
Barack Obama?s aura of inevitability has faded after the Pennsylvania primary and the furor over his ex-pastor, according to the latest New York Times/CBS News Poll...
New York Times - May 1, 2008
U.S. Airstrike Kills Top Qaeda Agent in Somalia
One of Al Qaeda?s top agents in East Africa and the leader of the Islamist comeback in Somalia, was killed by an American airstrike, according to Somali officials...
New York Times - May 1, 2008
For Madonna Fans, the Wait Is Worth It
The pop star celebrated the launch of her new album Wednesday night with an intimate show for 2,200 at New York City?s Roseland Ballroom...
New York Times - May 1, 2008
Las Vegas Sands goes into the red
Casino company Las Vegas Sands loses $11.2m (£5.6m) in the first quarter as gamblers stay away...
BBC News - May 1, 2008
BA in talks for US 'co-operation'
British Airways confirms it is discussing "co-operating" with two of its largest US rivals, American Airlines and Continental Airlines...
BBC News - May 1, 2008
Haiti facing 'major food crisis'
Haiti faces a "major crisis" unless the international community increases food aid to offset rising prices...
BBC News - May 1, 2008
Profit Off, Jones Apparel Cuts Forecast
The Jones Apparel Group posted lower quarterly profit on Wednesday and cut its 2008 outlook as American retailers marked down goods and reduced their orders...
New York Times - May 1, 2008
Profit Falls 67% at Siemens, but Orders Climb
Europe?s biggest engineering company reported strong growth in orders in the second quarter and its shares rose Wednesday, even though net income dropped by two-thirds...
New York Times - May 1, 2008
Mixed Results for Makers of Products for the Home
Makers of household consumer and food products reported mixed results, Procter & Gamble got a boost from emerging markets, while Colgate-Palmolive?s earnings fell...
New York Times - May 1, 2008
Starbucks Reports 28% Drop in Profit and Trims Store Openings
With profit down 28 percent, Starbucks said it would open fewer new stores in the United States, slash expenses and sell better-tasting coffee...
New York Times - May 1, 2008
State of the Art: TV Images to Dazzle the Jaded
What has an 11-inch screen, offers breathtaking pictures and costs $2,500? It?s the new TV from Sony...
New York Times - May 1, 2008
U.S. Sues Alabama Mayor in Bond Deals
The S.E.C. accused Birmingham Mayor Larry P. Langford of fraud in the underwriting of bond offerings and interest rate swaps...
New York Times - May 1, 2008
F.D.A. Warns Merck About Plant
Inspectors said the West Point, Pa., plant, which recalled two vaccines in December over sterility problems, had determined that manufacturing rules were not being followed...
New York Times - May 1, 2008
Stocks & Bonds: Rally Fades to Small Loss, Despite the Fed?s Rate Cut
Wall Street gave up sharp gains and closed lower, after the Fed cut interest rates by a quarter of a percentage point but left investors guessing about its next move...
New York Times - May 1, 2008
International Paper?s Earnings Off as Material Costs Rise
International Paper posted lower first-quarter earnings Wednesday that fell short of Wall Street expectations as price increases failed to offset higher raw material costs...
New York Times - May 1, 2008
Alcatel-Lucent Posts Fifth Straight Loss and Lowers Outlook
The telecommunication equipment firm said it lost 181 million euros ($282 million) compared with a loss of 8 million euros a year earlier...
New York Times - May 1, 2008
Pellicano on Pellicano: He Was No Mastermind
Defiant and colorful to the end, the accused Hollywood wiretapper Anthony Pellicano told jurors in his racketeering trial that he was simply a diligent private eye...
New York Times - May 1, 2008
Advertising: Politics and the Economy Occupy Ad Agencies
A look back at some of the highlights, lowlights and sidelights of the 2008 Four A?s leadership conference...
New York Times - May 1, 2008
Turnaround Under Way, G.M. Is Still Bleeding Cash
The automaker boosted its sales, but lost $3.25 billion from a bankrupt former parts division, a strike at a major supplier and bad home loans made by its finance arm...
New York Times - May 1, 2008
Agency Floats a Proposal to Help With Home Loans
The F.D.I.C. proposed permitting the Treasury Department to lend $50 billion directly to as many as a million homeowners to help ease the housing crisis...
New York Times - May 1, 2008
Time Warner Refocusing With Move to Spin Off Cable
The move spotlighted the company?s future as a pure content provider and signaled a renewed focus on its Warner Brothers movie studios and Turner Networks...
New York Times - May 1, 2008
Producers? Group Pessimistic on Labor Talks With Actors
The stage is set for a new and more difficult phase in the showdown between actors and producers over a contract to replace the current deal, which expires June 30...
New York Times - May 1, 2008
Prominent Green Group to Help Buyout Firm
Kohlberg Kravis Roberts & Company, the giant buyout firm, plans to announce a new partnership with the Environmental Defense Fund...
New York Times - May 1, 2008
H.P. Reports Big Advance in Memory Chip Design
Hewlett-Packard scientists said they have designed a device that they believe will make it possible to build tiny computers that could imitate biological functions...
New York Times - May 1, 2008
States Limit Costly Sites for Cancer Radiation
A commission in Michigan moved to prevent hospitals in the state from each spending $100 million or more to provide a new form of radiation treatment for cancer...
New York Times - May 1, 2008
Ex-Executive of Jobs Site Is Indicted
James J. Treacy, the former chief operating officer at Monster Worldwide, was indicted on charges that he conspired to backdate millions of dollars in employee stock option grants...
New York Times - May 1, 2008
Microsoft?s Board Meets on Yahoo Bid
Microsoft?s chief executive, Steven A. Ballmer, is said to be considering boosting his company?s bid to $32 a share, but some at Yahoo want more...
New York Times - May 1, 2008
Fed Cuts Rate but Hints About a Pause
Following new indications that the economy remained fragile at best, the Federal Reserve cut key short-term rates another quarter point...
New York Times - May 1, 2008
Cablevision Set to Raise the Stakes in Newsday Bidding
Cablevision is preparing a $650 million offer for Newsday, while the owners of The New York Observer have dropped out of the bidding...
New York Times - May 1, 2008
Tightening the Belt: Is This the World?s Cheapest Dress?
How Steve & Barry?s became a $1 billion company selling celebrity style for $8.98...
New York Times - May 1, 2008
A Rescued Goat Gets a Chance for a Normal Life
An injured goat found in Brooklyn whose leg had to be amputated is now awaiting a prosthesis, a very rare indulgence for a farm animal...
New York Times - May 1, 2008
Iraq Team to Discuss Militias With Iran
Iraqi officials have previously traveled to Iran, but this appears to be the first time that an elite delegation has been dispatched to take up reports of Iranian intervention...
New York Times - May 1, 2008
Shifting Careers: Lessons from the Canine Set
A publicity firm builds expertise in online marketing after creating a blog written in the voice of the office dog...
New York Times - May 1, 2008
Goal: Winding Up as a Season Winds Down
Some loose ends and behavorial problems are always part of the world soccer scene as another season winds down...
New York Times - May 1, 2008
Afghans See Link to Qaeda in Plot to Shoot Karzai
The Afghan intelligence chief said the attempt to kill President Hamid Karzai was the work of militants who had infiltrated Afghanistan?s security forces...
New York Times - May 1, 2008
What Would You Drive, if the Taxpayers Paid?
The taxpayer financed vehicles that New York representatives chose run the gamut from modest to luxurious...
New York Times - May 1, 2008
?Idol? Judge Admits Rehearsal Guided Her
Paula Abdul acknowledged on Wednesday what some ?American Idol? viewers have long suspected...
New York Times - May 1, 2008
Low Spending Is Taking Toll on Economy
Beleaguered American consumers appear to have succumbed to the pressures of falling home prices and shrinking paychecks...
New York Times - May 1, 2008
A Strained Wright-Obama Bond Finally Snaps
Senator Barack Obama?s falling out with his former pastor was long and painful, marked by a degree of mutual incomprehension, say friends and aides...
New York Times - May 1, 2008
Primary Loss and Furor Over Ex-Pastor Hurt Obama in Poll
Barack Obama?s aura of inevitability has faded after the Pennsylvania primary and amid the uproar over his former pastor, according to the latest New York Times/CBS News Poll...
New York Times - May 1, 2008
San Francisco Journal: A Run on Rice in Asian Communities
In San Francisco?s Chinatown, the price of rice has skyrocketed amid fears that an international shortage will spill into the United States...
New York Times - May 1, 2008
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