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US News Archive for March 2008:
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3 Moguls in Talks to Buy Newsday
The three bidders are Rupert Murdoch, chairman of the News Corporation; Mortimer B. Zuckerman, who owns The Daily News; and James L. Dolan, whose family controls Cablevision...
New York Times - March 21, 2008
Offering Money Where the Big Banks Won?t
From the Baltic to the Mediterranean, small, local banks like Turkiye Garanti Bankasi are stepping in to finance corporate buyouts as big banks grapple with the running credit crisis...
New York Times - March 21, 2008
Thinking Green While Sifting Through the Sand
On a recent weekend on his private Caribbean island, Sir Richard Branson and several high-powered visitors gathered to figure out what to do about global warming...
New York Times - March 21, 2008
In Europe, Women Finding More Seats at the Table
Norway?s law requiring companies to fill 40 percent of corporate board seats with women by this year has raised expectations among women throughout Europe...
New York Times - March 21, 2008
China Tightens Rules on Heparin
In a reversal of its earlier stance, China?s drug safety agency is ordering local authorities to tighten controls on production of heparin...
New York Times - March 21, 2008
Norwalk Police Officer Is Killed
Police conducted a manhunt Friday after a veteran Norwalk police officer was shot and killed while investigating what authorities describe as a suspicious incident...
New York Times - March 21, 2008
West Region: Last-Second Shot Shocks UConn in Overtime
De?Jon Jackson?s jumper from just inside the 3-point line with 1.2 seconds remaining Friday gave 13th-seeded San Diego a 70-69 victory over fourth-seeded Connecticut...
New York Times - March 21, 2008
Pakistan to Try New Approach to Militants
Pakistan?s new government says it intends to negotiate with militants, and use force only as a last resort...
New York Times - March 21, 2008
City Room: Paterson Backs Mayor?s Congestion Pricing Plan
The new governor?s blessing could prove crucial to the proposal to charge $8 to drive below 61st Street...
New York Times - March 21, 2008
BP Faces Environment Inquiry in Russia
A Russian agency said it would inspect a large oil field controlled by BP?s joint venture, TNK-BP...
New York Times - March 21, 2008
Another Lawyer Pleads Guilty in Bribery Case
David Zachary Scruggs, the son of the recently disgraced trial lawyer Richard F. Scruggs, has agreed to plead guilty in a bribery case involving a state judge...
New York Times - March 21, 2008
Russia Steel Maker Buys U.S. Plant
Severstal, Russia?s largest steel maker, will expand its American presence with the $810 million acquisition of the Sparrows Point mill in Maryland...
New York Times - March 21, 2008
Japan?s Interim Bank Chief Focuses on Markets
In his first news conference since becoming the acting governor of the Bank of Japan, Masaaki Shirakawa said that dealing with global market turmoil was his top priority...
New York Times - March 21, 2008
BP Now Faces Environmental Inquiry in Russia
Russia?s environmental watchdog said that it will investigate the biggest field operated by BP?s Russian venture, days after security services began a crackdown on the company...
New York Times - March 21, 2008
New York Auto Show: A Show in Search of a Silver Lining
The New York International Auto Show caps a tough season and a crowded show calendar, leaving little that?s new or remarkable to unwrap...
New York Times - March 21, 2008
In Pakistan, a New Approach to Militants
Pakistan?s new coalition government says it intends to negotiate with militants, and use armed force only as a last resort...
New York Times - March 21, 2008
Passport Files of 3 Candidates Breached, Officials Say
Electronic files containing personal information about Barack Obama, Hillary Rodham Clinton and John McCain were improperly accessed, the State Department said...
New York Times - March 21, 2008
On Visit, Pelosi Offers Support to Dalai Lama
Nancy Pelosi, the speaker of the House, seized the opportunity to stick a finger in the eye of China...
New York Times - March 21, 2008
Diary: Obama's quandary
Matt Frei, presenter of BBC World News America, considers the impact of Barack Obama's speech on the issue of race...
BBC News - March 21, 2008
Richardson endorses Obama
Democratic US presidential hopeful Barack Obama is endorsed by New Mexico governor Bill Richardson...
BBC News - March 21, 2008
Democratic rivals spend millions
Fundraising reports for Democratic US presidential hopefuls Barack Obama and Hillary Clinton show huge spending...
BBC News - March 21, 2008
Richardson Endorses Obama
Gov. Bill Richardson of New Mexico, who sought to become president this year, plans to endorse Senator Barack Obama for the Democratic nomination on Friday...
New York Times - March 21, 2008
China Tensions Could Sway Vote in Taiwan
Suppression of protests in Tibet has hurt the Nationalist Party, which aims for closer relations with mainland China...
New York Times - March 21, 2008
U.S. Defends Tough Tactics With Spitzer
The Justice Department used some of its most intrusive tactics against Eliot Spitzer during its criminal investigation...
New York Times - March 21, 2008
Dot Earth: 2.6 Billion With No Place to Go (to the Toilet)
For 2.6 billion people, nowhere to go (to the toilet)...
New York Times - March 21, 2008
Golf: Woods stays in touch
Tiger Woods's round of 67 leaves him two off the lead as he bids to win an eighth straight tournament...
BBC News - March 21, 2008
1970s radical freed from US jail
A woman who spent 24 years on the run after trying to bomb LA police cars is freed after seven years in prison...
BBC News - March 21, 2008
Japan hunts US sailor over killing
A manhunt is launched for a US sailor, after the murder of a taxi driver near a US naval base in Japan...
BBC News - March 21, 2008
NYC: Taxes Cut and Promises Unkept
Now is a good time to ask if New York taxpayers will be left holding the bag ? a rather expensive bag, worth tens of millions of dollars, in the aftermath of the collapse of Bear Sterns...
New York Times - March 21, 2008
Children?s Place Is Giving Up Its Disney Stores Business
The children?s retailer said it was in talks for the Walt Disney Company to regain ownership of two-thirds of the Disney Store chain...
New York Times - March 21, 2008
Profit Off at Cruise Line
The Carnival Corporation, the cruise operator, said Thursday that first-quarter profit fell 17 percent because of rising fuel costs...
New York Times - March 21, 2008
High & Low Finance: Rescue Plans That Alarm Shareholders
What happens when managers conclude that desperate measures are needed, which will permanently damage the shareholders but provide hope for survival of the enterprise?...
New York Times - March 21, 2008
PepsiCo and Bottler Buy Majority of Russian Juice Maker
PepsiCo and its largest bottler agreed on Thursday to buy a majority stake in Russia?s leading juice producer, increasing their presence in healthier food and beverages...
New York Times - March 21, 2008
Insurer Gives Its Reasons for Severing Merrill Pacts
Security Capital Assurance said Thursday that Merrill had given important rights promised to it under the contracts to at least one other party...
New York Times - March 21, 2008
Winnebago Profit Falls
The motor home manufacturer said on Thursday that its second-quarter profit fell nearly 67 percent...
New York Times - March 21, 2008
Finding a Silver Lining Amid a Nation of Debt
Buffalo has long been plagued by plant closings, an exodus of residents and urban decay. But it has become one of the nation?s leading hubs for debt collectors, and business is beginning to boom...
New York Times - March 21, 2008
Paramount?s Grey Denies Knowing of Any Wiretapping
Brad Grey testified on Thursday that he knew nothing of any illicit activity by the Hollywood private eye Anthony Pellicano...
New York Times - March 21, 2008
Obama Campaign Says Clinton Misrepresented Her Support for Nafta
Newly released White House schedules show that Hillary Rodham Clinton attended several meetings on the trade pact while first lady...
New York Times - March 21, 2008
Credit Suisse Predicts First Loss Since 2003
Credit Suisse said on Thursday that it was likely to post its first quarterly loss since 2003 because of large write-downs and ?intentional misconduct? at its trading desk...
New York Times - March 21, 2008
Russia Arrests 2 Tied to BP Joint Venture
The arrest of the brothers bodes ill for BP?s work here and is likely to send chills through the ranks of Russian employees at Western companies...
New York Times - March 21, 2008
Aloha Airlines Files for Chapter 11 Bankruptcy Protection
The airline said it was unable to generate sufficient revenue because of what it called ?predatory pricing? by Mesa Air Group?s discount airline, Go...
New York Times - March 21, 2008
Opposition Leads Bain to Call Off 3Com Deal
Bain said Thursday it was ending its agreement with China?s biggest network equipment maker, Huawei Technologies, to buy the 3Com Corporation...
New York Times - March 21, 2008
Borders Considers Putting Itself Up for Sale
Struggling against both online and big-box retailers the bookseller said Thursday that it hired two investment banks to advise it on a potential sale...
New York Times - March 21, 2008
Palm?s Revenue Declines 24%
Palm Inc., which makes the Treo smartphone, fell short of Wall Street expectations Thursday as it reported a 24 percent drop in third-quarter revenue...
New York Times - March 21, 2008
United Airlines Grounds 7 Planes
It grounded the planes when it was told by the F.A.A. that a maintenance contractor had checked the planes? altimeters using an instrument that was not properly calibrated...
New York Times - March 21, 2008
Advertising: Seeking Profits (and Respect) in Ownership
Advertising agencies are reshaping the way they earn profits, experience and, to some degree, respect...
New York Times - March 21, 2008
Sovereign Funds Agree to Shun ?Geopolitical? Investing
The commitment came from the so-called sovereign wealth funds controlled by the governments of Singapore and Abu Dhabi...
New York Times - March 21, 2008
Stocks and Bonds: The Dow Gains 3.4% During a Turbulent Week
Wall Street capped the week?s remarkable volatility with a big advance Thursday but did not silence the concerns about the economy and the financial system...
New York Times - March 21, 2008
Moody?s Weighs Changes to Its Municipal Ratings
Under the proposal, cities and states could request a corporate-scale rating for their tax-exempt bonds in addition to a standard municipal rating...
New York Times - March 21, 2008
California Court Awards Starbucks Baristas $105 Million in Tip Dispute
The court ruled that the company had wrongly allowed supervisors to share in tips...
New York Times - March 21, 2008
Three New York Moguls in Talks to Buy Newsday
The three bidders are Rupert Murdoch, chairman of the News Corp; Mortimer B. Zuckerman, who owns The Daily News; and James L. Dolan, whose family controls Cablevision...
New York Times - March 21, 2008
CIT Taps Credit Lines and Talks of Asset Sales
The century-old company that lends money to small businesses and midsize corporations, on Thursday was forced to draw on $7.3 billion of emergency bank credit lines...
New York Times - March 21, 2008
Storming the Campuses
The historic rivalries of the Ivy League have reached the Internet in the form of an online computer game that is a riff on classic territorial-conquest board games, such as Risk...
New York Times - March 21, 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 21, 2008
Verizon and AT&T Win Big in Auction of Spectrum
Although the win headed off new competition that could have led to lower prices for consumers, consumers can expect more choices in devices and services...
New York Times - March 21, 2008
Lawmaker Urges New Financial Oversight
Massachusetts Democrat Barney Frank is calling for tougher and broader regulations of the financial system after the fall of the investment bank Bear Stearns...
New York Times - March 21, 2008
Oil and Gold Prices Continue to Slide
Oil, gold and other major commodities fell sharply on Thursday, capping their steepest weekly drop in a half-century, as investors fled what many had believed to be the last safe haven in turbulent markets...
New York Times - March 21, 2008
High-Profile Trial Lawyer Agrees to Guilty Plea
Melvyn I. Weiss?s plea is an acknowledgment of his role in a scheme to make hidden side payments to plaintiffs in class-action lawsuits...
New York Times - March 21, 2008
The Lede: Keys to a Long Life in 3 Odd Headlines
Reminders to keep your hair gelled and use sterilized nails in crucifixions...
New York Times - March 21, 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 21, 2008
Slump Moves From Wall St. to Main St.
The economic downturn is seeping into new parts of the country, to communities that seemed insulated only months ago...
New York Times - March 21, 2008
Slow Economy Likely to Stall Atlantic Yards
Economic conditions may delay the signature office tower and three residential buildings at the heart of the Atlantic Yards project in Brooklyn...
New York Times - March 21, 2008
An Agent, a Green Card, and a Demand for Sex
The case of an immigration agent who is accused of demanding sex from a woman raises questions about the vulnerability of the system to corruption...
New York Times - March 21, 2008
Sovereigns of All They?re Assigned, Captains Have Many Missions to Oversee
Many Army and Marine captains, considered to be the linchpins of the strategy in Iraq, are leaving the service for corporate America...
New York Times - March 21, 2008
The Caucus: State Dept. Fires 2 for Obama Passport Breach
The two employees improperly accessed information from the passport file of Senator Barack Obama, officials said...
New York Times - March 21, 2008
Palm reports three month losses
The smartphone maker Palm reports a three month loss but says its reorganisation is still on track...
BBC News - March 21, 2008
Michigan primary plan collapses
A proposal to hold a re-run of the Democratic Party's Michigan primary in June is dropped...
BBC News - March 21, 2008
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