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US News Archive for March 2008:
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United Brings Some 747s in for More Testing
After discovering that its testing equipment was past an inspection deadline, United Airlines said it was retesting altimeters on seven of its Boeing 747s...
New York Times - March 20, 2008
Palm Posts Quarterly Loss
The maker of the Treo smartphone said that its quarterly revenue fell to $312.1 million from $410.5 million a year ago...
New York Times - March 20, 2008
European Banks Try to Inject a Bit of Calm
The European Central Bank and the Bank of England surprised markets with new loans that banks can use to firm up balance sheets over the holiday weekend...
New York Times - March 20, 2008
Verizon Wireless Tops Airways Auction
The nation?s cellphone companies won big in a record-setting government airways auction, with Verizon winning nearly every license in the consumer-friendly ?C block.?...
New York Times - March 20, 2008
The Lede: Joke Backfires on Chicago Sun-Times
The Tribune has the last laugh in a contest mocking its owner...
New York Times - March 20, 2008
City Room: Diplomats Should Pay, Lawmakers Say
Consulates and missions are generally tax exempt, but a judge's ruling this week has New York lawmakers speaking out about almost $58 million in back property taxes...
New York Times - March 20, 2008
TierneyLab: Yes, Money Can Buy Happiness
. . . but probably not in the way you imagined. Spending it on yourself may not do much for your spirits, but spending it on others will make you happier, according to a report from a team of social psychologists in the new issue of Science. The researchers confirmed the joys of [...]...
New York Times - March 20, 2008
City Room: Inspector Charged in Crane Case
A Buildings Department inspector has been arrested and charged with lying to city authorities about inspecting the crane that collapsed on Saturday afternoon, killing seven...
New York Times - March 20, 2008
Baghdad Bureau: Missing ?the Big Story,? but Not the Story
Razzaq Rashid Abbas, an Iraqi policeman who lost his leg trying to stop a bomber, being shaved by his son, Saif Razzaq at a Baghdad hospital. November 4, 2003. More photographs. (Photo: Michael Kamber for The New York Times) When news of the invasion came, I was disappointed in a way that only journalists away from [...]...
New York Times - March 20, 2008
The Caucus: Michigan Do-Over Dies
Gov. Jennifer M. Granholm of Michigan, a Clinton supporter, expressed disappointment that lawmakers did not take up a bill to allow a second primary...
New York Times - March 20, 2008
The Quad: Marquette Gets in the Lane
Dominic James of Marquette challenged Kentucky?s interior defense on the way to a first-round win...
New York Times - March 20, 2008
Stocks Bounce Back as Oil and Gold Fall Again
A wave of upbeat economic news helped reverse a recent investment trend on Thursday, as commodity prices plummeted and the Dow gained 261 points...
New York Times - March 20, 2008
China Tensions Could Sway Vote in Taiwan
China?s suppression of protests in Tibet has hurt the opposition Nationalist Party as Taiwan prepares for a presidential election...
New York Times - March 20, 2008
CIT Group Draws on Its Credit Line
The commercial finance company said that it was drawing on $7.3 billion of bank credit lines to help conduct daily operations, highlighting its difficulty in raising cash...
New York Times - March 20, 2008
Jobless Claims Hit a Two-Month High
Applications for jobless benefits totaled 378,000 last week, the government said. It was an increase of 22,000 from the previous week and a far bigger jump than had been expected...
New York Times - March 20, 2008
Oil Prices Hurt Earnings at FedEx
FedEx said that its third-quarter earnings fell 6 percent on high oil prices and a slow American economy, but beat analysts? expectations...
New York Times - March 20, 2008
Prominent Lawyer to Plead Guilty
Melvyn I. Weiss, a prolific filer of lawsuits against publicly held corporations, has reached a plea agreement with federal prosecutors in Los Angeles, according to his defense lawyer...
New York Times - March 20, 2008
Factory Index Slips in March
Factory activity in the Mid-Atlantic region shrank for the fourth consecutive month in March, a survey showed, though the rate of retrenchment lessened...
New York Times - March 20, 2008
Panel Chairman Calls for a Risk Regulator
The chairman of the House Financial Services Committee called for Congress to consider creating a ?financial services risk regulator? with broad powers across a wide range of financial institutions...
New York Times - March 20, 2008
Credit Suisse Expects to Post a Loss
Citing large write-downs and losses related to ?intentional misconduct? at its trading desk, the Swiss banking giant said that it expected to post its first quarterly loss since 2003...
New York Times - March 20, 2008
Borders Lines Up Financing and Considers a Sale
The bookseller, which has lost market share both to online companies and to Wal-Mart, said that it has lined up $42.5 million in financing to help continue operations...
New York Times - March 20, 2008
Stocks Rebound After Wednesday's Drop
Wall Street rose after the previous session?s big drop, with investors cheered by a milder-than-expected drop in manufacturing activity in the Philadelphia region...
New York Times - March 20, 2008
The Lede: Libby Is Disbarred in Washington
A court in Washington decides a matter "ripe for final action."...
New York Times - March 20, 2008
City Room: A Puerto Rican Poet With Alzheimer?s
Friends gathered at a benefit to honor Jack Agüeros, a Puerto Rican community activist, translator, poet and former director of El Museo del Barrio, who has Alzheimer's disease...
New York Times - March 20, 2008
Paper Cuts: Turning Fake Memoirs Into Fiction?
The latest fake-memoir scandal raised a question: Why not simply convert the purported autobiographical material into fiction? The glib answer is that publishers want memoirs because they sell and novels don?t. But switching genres isn?t easy. Kathryn Harrison has written both fictional and nonfiction accounts of her youth. Below are passages, describing the same events, [...]...
New York Times - March 20, 2008
China Tensions Are Factor in Taiwan Elections
China?s suppression of protests in Tibet has hurt the opposition party in the upcoming presidential election...
New York Times - March 20, 2008
Vatican Security Worries Over Bin Laden Tape
The Vatican rejected Osama bin Laden?s grievances, but security officials expressed concerns over the threat...
New York Times - March 20, 2008
Paul Scofield, British Actor, Dies at 86
Mr. Scofield created the role of Sir Thomas More in Robert Bolt?s ?A Man for All Seasons? and brought freshness and power to Hamlet, King Lear and many other classic roles...
New York Times - March 20, 2008
Upstate G.O.P. Congressman Retiring
Representative Thomas M. Reynolds said that recent criticism had not been a factor in his decision to retire...
New York Times - March 20, 2008
Heparin Find May Point to Chinese Counterfeiting
A blood thinner linked to deaths may have been tainted with a chemically altered form of chondroitin sulfate, a dietary supplement made from animal cartilage...
New York Times - March 20, 2008
Oil and Gold Prices Continue to Fall Sharply
Commodities prices are pulling back from their months-long price run-up, with oil and gold prices dropping almost 10 percent from their Tuesday highs...
New York Times - March 20, 2008
Many Nights at the Opera Involve Emergency Room
?Tristan und Isolde? has long been a magnet for trouble...
New York Times - March 20, 2008
Bookseller Borders considers sale
US bookseller Borders says it may put itself up for sale and takes out a loan to help it keep operating...
BBC News - March 20, 2008
Fuel costs eat into Fedex profit
The rising cost of fuel will impact on future earnings at Fedex, the delivery company says...
BBC News - March 20, 2008
Bin Laden tape voice 'authentic'
US intelligence agents believe the voice on a tape purportedly from Osama Bin Laden was authentic, the CIA says...
BBC News - March 20, 2008
Cuba studies travel rules change
Cuba considers whether to ease restrictions on its nationals who want to travel abroad, the foreign minister says...
BBC News - March 20, 2008
Seven charged in 'eBay art scam'
US police break up an alleged art forgery ring which used eBay to help sell fakes by artists including Picasso and Dali...
BBC News - March 20, 2008
Citigroup to Cut 2,000 More Jobs
Citigroup plans to lay off another 2,000 investment bankers and traders before the end of the month, people close to the situation said on Wednesday...
New York Times - March 20, 2008
Asian Markets Take Early Tumble
Asian markets fell in early trading Thursday after overnight losses on Wall Street and amid persistent worry over the likely impact of a U.S. recession...
New York Times - March 20, 2008
Governors Gone Wild, the Rest of Us at a Loss
As New Yorkers tried to make sense of the mix of sex and politics in the news, some are questioning how much information is too much information...
New York Times - March 20, 2008
Dick Cheney Visits Afghanistan
Vice President Dick Cheney made an unannounced visit to Afghanistan and met President Hamid Karzai as the United States urges NATO allies to provide more support...
New York Times - March 20, 2008
Uighur inmate in Guantanamo plea
A letter from a Chinese Muslim inmate highlights harsh conditions at the Guantanamo Bay detention centre...
BBC News - March 20, 2008
Cheney meets Afghan leader
US Vice-President Dick Cheney meets Afghan President Hamid Karzai on an unannounced visit to Kabul...
BBC News - March 20, 2008
World Business Briefing: Some Movement Seen in Doha Talks
An agreement in the stalled Doha round of World Trade Organization talks may be near, Brazil?s president, Luiz Inácio Lula da Silva , and the European Commission said on Wednesday...
New York Times - March 20, 2008
World Business Briefing: Japan: Toshiba Lowers Outlook
Toshiba, the electronics maker, lowered its earnings forecast for the year, blaming in part the 45 billion yen ($460 million) in costs associated with abandoning its HD DVD next-generation video business...
New York Times - March 20, 2008
State of the Art: Camcorder Brings Zen to the Shoot
Catching up with the Flip, one of the most popular electronics products of the last year...
New York Times - March 20, 2008
A Company Promises the Deepest Data Mining Yet
Phorm is drawing attention ? and controversy ? by boasting that it will collect the most complete information of all...
New York Times - March 20, 2008
World Business Briefing: China: Insurer Invests in Fortis Unit
The Ping An Insurance Company, a leading life insurer in China, has agreed to pay 2.15 billion euros ($3.4 billion) for 50 percent of Fortis?s asset management business, the companies said...
New York Times - March 20, 2008
World Business Briefing: Spain: Stake in Iberia Airlines Grows
British Airways said it had bought about another 3 percent of the Spanish flag carrier Iberia Airlines, raising its stake to 13.15 percent...
New York Times - March 20, 2008
World Business Briefing: Russia: Raid at Joint Oil Venture
Investigators took documents from the headquarters of BP?s Russian joint venture, TNK-BP, which has had rocky relations with the Kremlin...
New York Times - March 20, 2008
World Business Briefing: Britain: Cadbury Sets Terms of Spinoff
Cadbury Schweppes, the candy maker, has set the terms of its soda unit?s planned spinoff...
New York Times - March 20, 2008
No Deal in 3Com Negotiations
The network equipment maker 3Com said that it had not yet reached a new merger agreement with its proposed buyers, Bain Capital Partners and Huawei Technologies...
New York Times - March 20, 2008
E*Trade Says Its President Is Planning to Step Down
E*Trade, an online brokerage firm struggling with mortgage losses, said that R. Jarrett Lilien, its president and chief operating officer, would resign effective May 16...
New York Times - March 20, 2008
Former Brocade Official Sentenced in Backdating Case
The former human resources chief of Brocade Communications Systems was sentenced to four months in prison for her role in a stock options backdating scheme...
New York Times - March 20, 2008
F.C.C. Bans Exclusive Phone Deals for Apartments
The F.C.C. unanimously approved a rule banning exclusive telephone service agreements in apartment buildings, giving tenants their pick of providers...
New York Times - March 20, 2008
International Sales Help Lift Nike?s Profit
Nike said that its third-quarter net profit rose, helped by strong international sales of shoes and clothing that were buoyed by a weak dollar...
New York Times - March 20, 2008
2 Witnesses Tell Court of Threats by Detective
In some of the most colorful testimony so far in the Hollywood wiretapping trial, the actress Linda Doucett accused the private eye Anthony Pellicano of threatening them...
New York Times - March 20, 2008
Major Bank Cuts Bonuses of Executives
The compensation committee at Bank of America has reduced the bonuses of the bank?s top executives...
New York Times - March 20, 2008
General Mills Net Up, Despite Wheat Cost
General Mills posted a higher-than-expected quarterly profit as cost-cutting measures and higher sales helped offset soaring prices for wheat and other commodities...
New York Times - March 20, 2008
Delta Pilots Don?t Want Arbitration on Seniority
The pilots? union at Delta has rejected the idea of arbitration with the pilots at the Northwest to break their impasse over integrating seniority lists as part of a possible merger...
New York Times - March 20, 2008
Renaming Set for Commerce Bank
Commerce Bank branches will get makeovers and a new name, but retain their seven-day-a-week lobby hours, after the company?s sale to the TD Bank Financial Group is complete...
New York Times - March 20, 2008
Stocks & Bonds: A Day After a Big Rally, a Big Pullback
Commodity prices plummeted and the Dow Jones industrials slid back nearly 300 points, a day after an interest rate cut fueled the best stock session in five years...
New York Times - March 20, 2008
Morgan Stanley Gives Wall Street a Brief Lift
Morgan Stanley gave Wall Street a shot of confidence on Wednesday morning, reporting profits that surpassed analysts? estimates, but the dosage soon wore off...
New York Times - March 20, 2008
Rival Decides Not to Buy Société Générale
Speculation that BNP Paribas might bid for Société Générale had simmered for weeks after the disclosure that a trader had exposed the bank to huge risk through unauthorized speculative bets...
New York Times - March 20, 2008
French Court Says Ban on Gene-Altered Corn Seed Will Remain, Pending Study
Opponents of gene-altered crops won a victory in France when the top court upheld a ban on a corn variety produced by Monsanto...
New York Times - March 20, 2008
Entrepreneurial Edge: Small Businesses Offer Alternatives to Gang Life
A Los Angeles corporation is demonstrating that the training and discipline of working in a small company can help change the lives of former gang members...
New York Times - March 20, 2008
Starbucks Plans Return to Its Roots
Starbucks announced sweeping changes as it seeks to reconnect with customers who have left for competitors or pared back their coffee budget in hard economic times...
New York Times - March 20, 2008
Advertising: A Push to Limit the Tracking of Web Surfers? Clicks
The use of target advertising on the Internet is being challenged by members of the New York State Assembly...
New York Times - March 20, 2008
Visa Has a $45 Billion Debut on Wall St.
Catapulted by the biggest I.P.O. in American history, Visa shares soared 28 percent in their stock market debut as investors bet an accelerating shift to electronic payments will enrich the company...
New York Times - March 20, 2008
Japan?s Central Bank Is Without Governor, a Blow to a Nation?s Prestige
The top post at Japan?s central bank now sits empty after a political standoff in Parliament blocked selection of a successor to the departing governor...
New York Times - March 20, 2008
Britain Tries to Quash Rumors in Markets
Two of Britain?s top financial authorities stepped forward to quash a spate of rumors that had sent some financial stocks in London into a tailspin...
New York Times - March 20, 2008
Dismal Year Is Forecast for Car Sales
The gloomy outlook ? reflecting credit turmoil, the housing crisis and the softening economy ? will probably lead to more production cuts by car companies...
New York Times - March 20, 2008
At Bear Stearns, Meet the New Boss
James Dimon, the chairman and chief executive of JPMorgan Chase, attempted to win over executives at Bear Stearns who have vowed to fight his offer...
New York Times - March 20, 2008
A Break for Freddie and Fannie
The regulator of Fannie Mae and Freddie Mac eased capital rules in an effort to calm the housing market...
New York Times - March 20, 2008
The Affluent, Too, Couldn?t Resist Adjustable Rates
Even affluent consumers with annual incomes of $100,000 or more are increasingly being ensnared in the home mortgage crisis...
New York Times - March 20, 2008
Bits: Verizon Details its Open Wireless Plans
Verizon is telling electronics makers and software developers how to create devices and programs to work on its wireless network. AT&T said it will be open too...
New York Times - March 20, 2008
DealBook: Billionaire Prepares to Act on Bear Deal
Bear Stearns shareholders are understandably furious about the investment bank's sale to JPMorgan Chase for about $2 a share. Now one of the largest of them is warning that he intends to try and stop it. Joseph C. Lewis, the reclusive billionaire investor who is Bear's second-largest shareholder, said in a regulatory filing that he will [...]...
New York Times - March 20, 2008
Abroad: Outrage at Cartoons Still Tests the Danes
Two years after the Danish cartoon controversy, police have charged three with plotting murder ? and a debate reopens...
New York Times - March 20, 2008
Setting the Stage, Offstage
Some stage actors go all out to make their dressing rooms feel like home, calling in decorators, picking out paint swatches and sometimes even sewing their own curtains...
New York Times - March 20, 2008
British Papers Blunder in Missing Girl Case
Several tabloids have apologized to the parents of a missing 4-year-old for their faulty reporting in the case...
New York Times - March 20, 2008
Court Details Opposition to Bias in Jury Selection
The Supreme Court overturned the death sentence of a black man after ruling that a Louisiana prosecutor had used improper tactics to pick an all-white jury...
New York Times - March 20, 2008
Faster, Higher, Stronger: A Swimmer?s Different Strokes for Success
Ryan Lochte, perhaps the best American male swimmer not named Michael (Phelps, of course), reveals some of his training techniques...
New York Times - March 20, 2008
Bush Defends Iraq War in Speech
President Bush remained unwavering in his insistence that the invasion of Iraq had made the United States safer...
New York Times - March 20, 2008
Memo From Berlin: Efforts to Restore Shine to Medal Tarnished by Nazis
Germany?s Iron Cross dates from 1813 but continues to be associated with Hitler?s reign...
New York Times - March 20, 2008
Commodities: Latest Boom, Plentiful Risk
The booming commodities market offers some weaknesses that are impairing regulators? ability to protect investors...
New York Times - March 20, 2008
States? Data Obscure How Few Finish High School
Federal figures gathered under the No Child Left Behind law hide a severe dropout epidemic, researchers say...
New York Times - March 20, 2008
In Tibetan Areas, Parallel Worlds Now Collide
Tibetans and Han Chinese live in close proximity, but their relations are marked by distrust and prejudice...
New York Times - March 20, 2008
Political Memo: Clinton Facing Narrower Path to Nomination
Winning the Democratic presidential nomination has seemed something of a long shot for Hillary Rodham Clinton since February, but that shot now seems to have grown a little longer...
New York Times - March 20, 2008
In Mosul, New Test of Rebuilt Iraqi Army
The performance of the Iraqi Army suggests that while the forces have made strides, big gaps remain...
New York Times - March 20, 2008
Clinton first lady diary released
More than 11,000 pages of schedules detailing Hillary Clinton's daily activities as first lady are released...
BBC News - March 20, 2008
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