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US News Archive for April 2008:
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Boston Scientific Net Rises on Cost Cuts
Boston Scientific reported higher quarterly net earnings, compared with a year ago, when charges related to the acquisition of Guidant weighed on results...
New York Times - April 21, 2008
Netflix Profit Rises on Increased Subscribers
Netflix says its first-quarter earnings rose 36 percent as its subscriber base grew and operating expenses declined...
New York Times - April 21, 2008
UBS Faults Blind Ambition for Subprime Miscues
The Swiss banking giant conceded in a report that a blind drive for revenue led it to take more risks than it should have...
New York Times - April 21, 2008
Stocks End Mixed as Earnings Disappoint
Investors regained a cautious stance in response to disappointing reports from Bank of America and National City as well as another record-breaking tear in oil prices...
New York Times - April 21, 2008
Some Banks Rethink Investments as Money Tightens
As Bank of America considers lowering its 9 percent stake in China Construction Bank, other bankers are starting to ask whether suffering Western banks will be forced to sell their Asian assets...
New York Times - April 21, 2008
Texas Instruments Profit Up, but Forecast Disappoints
Texas Instruments said its profit rose to $662 million, but forecast second quarter results that fell short of Wall Street expectations, citing economic uncertainty in the near term...
New York Times - April 21, 2008
Putting Technology in India?s Tea
The cacophony of India?s public tea auctions will soon give way to the gentle tapping of keyboards as the country?s tea markets are set to go digital...
New York Times - April 21, 2008
Georgia-Russia Tension Escalates
The Republic of Georgia accused Russia of violating its airspace and using a MiG fighter jet to shoot down an unmanned Georgian reconnaissance drone...
New York Times - April 21, 2008
Kenyan Wins His 4th Boston Marathon
Robert Cheruiyot became the first four-time winner since Bill Rodgers. Ethiopia?s Dire Tune won the women?s race...
New York Times - April 21, 2008
The Lede: The Last Spy Who Did It for Greed Alone
Shaaban Shaaban's failures as a spy were many. As a lawyer, he was worse...
New York Times - April 21, 2008
Wheels: A Smart Car Finally Arrives
John Schwartz's quest for a Smart Fortwo reaches a happy conclusion...
New York Times - April 21, 2008
Oil and Gasoline Prices Continue Their Climb
Oil jumped to a record, and gasoline prices rose above $3.50 a gallon for the first time across the nation...
New York Times - April 21, 2008
the food chain: New Threat to Farmers: The Market Hedge
Wild swings in crop futures are damaging mechanisms that are supposed to cushion the jolts of farming...
New York Times - April 21, 2008
Airlines to Begin Charging for Second Bag
Five major airlines plan to start charging coach passengers as much as $25 next month to check a second bag...
New York Times - April 21, 2008
China and U.S. Disagree Over Tainted Heparin
Officials from the two countries disagreed about the possible cause of contamination of a blood thinner partly made in China...
New York Times - April 21, 2008
McCain, in Alabama, Courts Black Voters
Senator John McCain acknowledged the challenge he faces in appealing to African-American voters...
New York Times - April 21, 2008
Cuban women protesters arrested
Authorities in Cuba arrest a group of women demonstrating to demand the release of their jailed husbands...
BBC News - April 21, 2008
Capitalism harms planet - Morales
Bolivian President Evo Morales tells a UN forum capitalism must be scrapped to save the planet from climate change...
BBC News - April 21, 2008
Gannett Earnings Fall 9% on Ad Slump
Advertising from Gannett?s publishing units, which constitutes the bulk of revenue, fell to $1.1 billion from $1.2 billion in the first quarter as the economy weakened...
New York Times - April 21, 2008
Mattel Posts Loss as Fisher-Price Sales Slip
The largest U.S. toy company was hurt by lower sales of its Fisher-Price products, legal expenses and higher costs related to last year?s global recalls...
New York Times - April 21, 2008
Hasbro Profit Up 14% on Strong Sales
The toymaker cited growth in brands such as Transformers and Littlest Pet Shop for the first-quarter results, which beat expectations and drove its shares up...
New York Times - April 21, 2008
Halliburton Profit Up on Higher Gobal Sales
the oilfield services provider said first-quarter profit rose almost 6 percent to %584 million, lifted by a hefty increase in international business and an asset sale...
New York Times - April 21, 2008
Oil Market Rattled by Attack on Tanker
A Japanese oil tanker was damaged Monday when it was attacked by a small boat in Middle Eastern waters off the coast of Yemen...
New York Times - April 21, 2008
Stocks Lower After Bank of America Report
Wall Street pulled back after weaker-than-expected earnings from Bank of America stirred concerns about the health of corporate earnings...
New York Times - April 21, 2008
DealBook: National City to Raise $7 Billion in New Capital
The regional bank, which posted a first-quarter loss, said that it plans to raise the funds from a group of investors as it seeks to shore up its balance sheet against trouble in the mortgage market...
New York Times - April 21, 2008
Bank of England Outlines Its Bailout Plan
The central bank said that it would allow banks to swap mortgage-backed securities valued at about $100 billion for government bonds in a bid to restore calm to financial markets...
New York Times - April 21, 2008
Merck Profit Jumps on Gain
Excluding the $1.4 billion gain from a partner drug company, Merck beat forecasts as sales edged up despite new generic competition and problems related to its Vytorin drug...
New York Times - April 21, 2008
Eli Lilly Profit Doubles on Higher Sales
First-quarter earnings jumped to $1.06 billion, helped by strong sales of Lilly?s Cymbalta and Cialis drugs, but the results missed Wall Street expectations...
New York Times - April 21, 2008
ArtsBeat: Gerard Mortier and Paris Opera
Does Gerard Mortier?s tenure in Paris foreshadow what he has in store for the New York City Opera? That?s why I?m here in Paris to find out...
New York Times - April 21, 2008
11 Death Row Appeals Turned Down
The Supreme Court?s orders declining to review the cases were not unexpected, given the court?s ruling last week that lethal injections were not unconstitutional...
New York Times - April 21, 2008
France Tries to Limit Olympics Fallout
After a wave of anti-French protests in China, President Nicolas Sarkozy is sending envoys on a charm offensive...
New York Times - April 21, 2008
20 Bodies Found in Sea Near Bahamas
NASSAU, Bahamas (AP) -- The bodies of 20 Haitians have been recovered from the sea near the Bahamas after their boat capsized, the U.S. Coast Guard said Monday as it searched for survivors...
New York Times - April 21, 2008
The Lede: Failing to Deliver a Jolt on Warming
Al Gore voices disappointment, and a magazine cover offends veterans...
New York Times - April 21, 2008
Final Push for Democrats in Pennsylvania
The candidates delivered closing arguments to voters in the final hours of the most expensive ? and exhaustive ? presidential primary in state history...
New York Times - April 21, 2008
Cheruiyot Wins His Fourth Boston Marathon
Robert Cheruiyot became the first four-time winner since Bill Rodgers. Ethiopia?s Dire Tune won the women?s race...
New York Times - April 21, 2008
Carter Says Hamas and Syria Are Open to Peace
Jimmy Carter said that he had extracted from Hamas a promise to respect the creation of a Palestinian state...
New York Times - April 21, 2008
Bank of America Braces for Consumer Loan Losses
The bank announced nearly $2 billion in write-downs and a 77 percent decline in profits for the first quarter...
New York Times - April 21, 2008
Write-downs hurt Bank of America
Bank of America reports a steep fall in profits for the three months to March as a result of write-downs...
BBC News - April 21, 2008
Gates criticises Air Force role
US Air Force heads are "stuck in old ways" on tactics in Afghanistan and Iraq, defence chief Robert Gates says...
BBC News - April 21, 2008
Boat capsize kills 20 off Bahamas
Rescuers find 20 bodies and three survivors off the coast of the Bahamas, with most of the victims believed to be Haitians...
BBC News - April 21, 2008
Bank of America Profit Drops Sharply
Bank of America said that its profits in the first quarter were down 77 percent as it prepared more write-downs...
New York Times - April 21, 2008
Carter Says Hamas Open to Peace Deal
Hamas is prepared to accept the right of Israel to ?live as a neighbor next door in peace,? former President Jimmy Carter said...
New York Times - April 21, 2008
Bank of England Outlines Liquidity Plan
The Bank of England said it would let banks swap mortgage-backed securities valued at about $100 billion for government bonds...
New York Times - April 21, 2008
DealBook: Bank of America Profit Drops Sharply
Bank of America said Monday that it saw a 77 percent drop in its profits for its first quarter this year, the second consecutive steep drop in earnings for the banking giant as it prepared another round of big write-downs tied to its mortgage holdings. Bank of America has already announced several moves to raise capital, [...]...
New York Times - April 21, 2008
Trailing in Pennsylvania, Obama Sharpens Tone
In commercials and appearances, Senator Barack Obama has cast his opponent in one of the most negative lights of the entire 16-month campaign...
New York Times - April 21, 2008
Viacom launches premium channel
Paramount Pictures' owner Viacom joins with MGM and Lionsgate to announce a new pay-TV movie channel...
BBC News - April 21, 2008
Ronaldinho move to Milan in doubt
AC Milan fail to agree a transfer fee for playmaker Ronaldinho during preliminary talks with his club Barcelona...
BBC News - April 21, 2008
US veterans sue over 'poor care'
Returning US war veterans sue the government over what they say is inadequate medical care...
BBC News - April 21, 2008
US student 'plots school bombing'
A US teenager is arrested for possessing explosive material, in what police say was a plot to bomb his high school...
BBC News - April 21, 2008
Russia jails US pastor over gun
A Moscow court jails a US pastor for more than three years for illegally importing hunting rifle ammunition...
BBC News - April 21, 2008
Rice joins Gulf regional meeting
US Secretary of State Condoleezza Rice is in Bahrain urging Arab states to curb Iran's influence in the region...
BBC News - April 21, 2008
Treasury Auctions Set for This Week
The Treasury?s schedule of financing this week includes Monday?s regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday...
New York Times - April 21, 2008
Looking Ahead: The Week?s Major Economic Reports
ECONOMIC REPORTS It is a slow week for economic news, though there will be updates on the housing market with reports on existing home sales for March on Tuesday and new-home sales for March on Thursday...
New York Times - April 21, 2008
Accounts, People, Miscellany
Accounts...
New York Times - April 21, 2008
Today in Business
A NEW CHANNEL The sibling rivalry that is Sumner Redstone?s media empire turned fractious on Sunday, as Viacom?s Paramount Pictures movie studio said it would start its own premium television channel, ending a longstanding relationship in which it sold its movies to CBS?s Showtime...
New York Times - April 21, 2008
The Media Equation: In Politics, the Gaffe Goes Viral
Political gaffes have now entered a supercharged ecosystem of cable, bloggers and digitally enabled mainstream media outlets. Indeed nothing is more viral than a screw-up...
New York Times - April 21, 2008
Liberal?s Foes Tax His Stoic Sense
Alan Colmes, the left-leaning voice on the Fox News Channel?s ?Hannity & Colmes,? stands out for publishing a smattering of e-mail messages, and responses, every week on his personal blog...
New York Times - April 21, 2008
Web Metrics and Grains of Salt
Higher than expected earnings at Google have hurt the stock of measurement firm comScore, which had reported a slowdown in paid clicks on the Web giant?s sites...
New York Times - April 21, 2008
People Editor Returns as Writer
Richard B. Stolley, the former editor of People, at age 79 has being contributing a few short features to the magazine...
New York Times - April 21, 2008
EADS Unit to Own 3 Airbus Plants
The plane maker Airbus still intends to sell three manufacturing plants in Germany, but they will be taken over until their sale by a new holding owned by EADS...
New York Times - April 21, 2008
Drilling Down: Staying in the Orbit of Satellite Radio
Customer behavior toward keeping up satellite-radio subscriptions depends on whether they have sought out the service or received it as a promotion...
New York Times - April 21, 2008
NBC News to Help Teach Tools of Digital Reporting
A crying need for training in digital technologies is one of the motivating forces for NBC?s new business venture, a partnership with the New York Film Academy...
New York Times - April 21, 2008
Finances Frail, Le Monde Contemplates the Unthinkable
The highly regarded but unprofitable French daily Le Monde is looking at laying off almost a quarter of its staff, a move likened to cutting off a limb to save a life...
New York Times - April 21, 2008
A Volatile Election Campaign All in One Place
The Page, a concise collection of up-to-the-minute political news, has managed to break through the clutter, also attracting campaign strategists, pollsters and analysts...
New York Times - April 21, 2008
Success Overcomes Qualms in E.A.?s Iraq-Themed Game
A marketing campaign playing on the controversy without being explicit made a new video game themed around military contractors in Iraq and Afghanistan a success...
New York Times - April 21, 2008
Snippets of Debate Abounded Despite ABC?s Ground Rules
Restrictions set up by ABC in the use of clips from Wednesday?s presidential candidate debates were mostly ignored by cable channels...
New York Times - April 21, 2008
A Web Shift in the Way Advertisers Seek Clicks
So far, the threat of a recession has not slowed the migration of ad dollars to the Internet, but the slowing economy might be changing where those dollars are being spent...
New York Times - April 21, 2008
Selling Chat on Fox, and a Sex-Enhancing Potion on the Side
By day, John C. Layfield is an investment banker and professional pontificator for Fox Business Network. By night, he peddles a love potion...
New York Times - April 21, 2008
2 Banks Said to Be Trying to Raise More Capital
Bank of America and National City Corporation are said to be looking for ways to raise fresh capital...
New York Times - April 21, 2008
Beijing Pressures Automakers to Improve Efficiency
The shift of the Chinese market toward larger vehicles will probably push up the country?s already voracious demand for oil and make it an even bigger emitter of global warming gases...
New York Times - April 21, 2008
New Wii Games Find a Big (but Stingy) Audience
Marketing its Wii video-game system at a lower price than competitors, Nintendo has caught a wider net of potential customers, but game sales have also been slower with this softer audience...
New York Times - April 21, 2008
Paramount Ready to End Movie Sales to Showtime
Viacom?s Paramount Pictures announced it would start its own premium television channel, along with MGM and Lionsgate...
New York Times - April 21, 2008
Advertising: Sending in the Marines (to Recruit Women)
Faced with the difficulty of recruiting during a long and unpopular war, the United States Marine Corps has started marketing itself to women in a concerted way for the first time...
New York Times - April 21, 2008
States Look to Tobacco Tax for Budget Holes
The tobacco industry counters that smokers already bear an unfair tax burden and that increases encourage cross-border purchases and bootlegging...
New York Times - April 21, 2008
Party?s 62-Year Rule Ends in Paraguay
A former Roman Catholic bishop and self-styled champion of the poor on Sunday broke the 62-year grip on the presidency by the ruling party here...
New York Times - April 21, 2008
Pope Ends Visit With Yankee Stadium Mass
Pope Benedict XVI on Sunday ended his first visit to the United States as leader of the Roman Catholic Church with a reminder to the faithful that ?obedience? to the authority of the church is the foundation of their religious faith...
New York Times - April 21, 2008
U.S. General Sees Afghans Gains in 3 Years
The Afghan Army should be able to secure most of Afghanistan by 2011, allowing international forces to start withdrawing, Gen. Dan K. McNeill said Sunday...
New York Times - April 21, 2008
Civilians Suffer in Sadr City?s Daily Gun Battles
The militias have concentrated their fire on Iraqi and American forces and generally avoided shooting at civilians, whom they have sought to use as their power base...
New York Times - April 21, 2008
A Broadway Flop Again Raises Its Antlers
?Moose Murders,? a fabled Broadway flop, reappeared 25 years later in Rochester. It was not a pretty sight...
New York Times - April 21, 2008
Who Owns Sports Coverage?
Tension over sports blogging is one of the strains between sports franchises, leagues and reporters to have emerged during the digital age...
New York Times - April 21, 2008
PETA?s Latest Tactic: $1 Million for Fake Meat
The group is offering $1 million to the first person to create a method to produce commercially viable quantities of in vitro meat at competitive prices by 2012...
New York Times - April 21, 2008
Trailing in Pennsylvania, Obama?s Tone Is Sharper
In television commercials and in appearances before crowded rallies, Senator Barack Obama cast his opponent in one of the most negative lights of the entire 16-month campaign...
New York Times - April 21, 2008
Human Wave Flees Violence in Zimbabwe
A wave of more than 1,000 people every day are fleeing Zimbabwe to escape into South Africa...
New York Times - April 21, 2008
In Lean Times, Biotech Grains Are Less Taboo
Soaring food prices and global grain shortages are bringing new pressures on governments, food companies and consumers to relax their longstanding resistance to genetically engineered crops...
New York Times - April 21, 2008
Pu?er Journal: A Tea From the Jungle Enriches a Placid Village
Anthropologists say that China?s southern Yunnan Province is the first area where humans figured out that brewing a cup of tea could be pleasant...
New York Times - April 21, 2008
A Blind Governor Adjusts, and So Does Albany
Lots of governors rely on briefing books and e-mails from their staffs. New York Governor David A. Paterson has his ears and what his aides call his Batphone...
New York Times - April 21, 2008
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