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US News Archive for April 2008:
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Coach Quarterly Profit Up 8%
The company said earnings were helped by higher sales in North America and Japan. It also announced that it will only report same-store sales results for its full-priced and factory stores together...
New York Times - April 22, 2008
Stocks Fall After Earnings Reports
Wall Street pulled back as a rush of quarterly results from bellwethers like AT&T, DuPont and McDonald?s failed to impress investors and oil prices reach fresh high...
New York Times - April 22, 2008
UnitedHealth Misses Forecast and Stock Plunges
The insurer posted lower-than-expected first-quarter earnings and sharply reduced its outlook for 2008, saying fewer businesses and employees were signing up...
New York Times - April 22, 2008
Gas Prices Rise Further While Oil Nears $120
Prices pushed further into record territory on Tuesday, with retail gas reaching a national average of $3.51 and crude nearing $120 as the dollar fell to a new low against the euro...
New York Times - April 22, 2008
Fuel Costs Begin to Hit Hard at Airlines
The UAL Corporation, United Airlines? parent company, reported a $537 million first-quarter loss, as a 51 percent increase in fuel costs overwhelmed efforts to raise fares...
New York Times - April 22, 2008
Bush Chides Pelosi on Trade Bill
President Bush renewed his criticism of House Speaker Nancy Pelosi for blocking the Colombia free trade agreement...
New York Times - April 22, 2008
EBay Files Suit Against Craigslist
EBay filed a lawsuit in the state of Delaware against Craigslist, alleging that two directors took actions that unfairly diluted eBay?s economic interest in the company...
New York Times - April 22, 2008
Government Sets New Fuel Economy Standard
In a plan more aggressive than first expected, the Bush administration said the nation?s fleet of new cars and trucks will be required to achieve 31.6 miles per gallon by 2015...
New York Times - April 22, 2008
City Room: The Bride Wore Ritzy
From edible invitations to LED dance floors, a Bridezilla convention shows the luxury offerings of today's wedding industry. Think hundreds of thousands of dollars, perhaps even millions...
New York Times - April 22, 2008
Wheels: Are Hybrids Dangerously Quiet?
Gas-electric hybrid cars run quietly at low speeds, maybe even too quietly. That may change in the near future...
New York Times - April 22, 2008
Diner?s Journal: Calorie Count Surprise
What the new calorie signs in restaurants will teach us...
New York Times - April 22, 2008
Congress Near Deal on Genetic Test Bias Bill
Lawmakers are close to an agreement to clear the way for a bill prohibiting employers and insurers from discriminating on the basis of genetic tests...
New York Times - April 22, 2008
Weak Dollar Weighs on Europe
The euro rose above $1.60 on Tuesday for the first time, adding to pressure on big European exporters to raise prices...
New York Times - April 22, 2008
News Analysis: Gates Voices Concerns About Military Culture
In two major speeches, Defense Secretary Robert M. Gates made public deep misgivings about a military culture that squelches independent thinking...
New York Times - April 22, 2008
The Lede: Rhetorical Tsunami Alerts
A U.N. agency rings a familiar rhetorical alarm to demand attention on the food crisis...
New York Times - April 22, 2008
New York Buildings Chief Resigns
Bureaucratic snafus and high-profile accidents cast a shadow over Patricia J. Lancaster?s achievements...
New York Times - April 22, 2008
Murdoch Closes In on Newsday and Reshapes Journal
Rupert Murdoch struck a tentative deal to buy Newsday and will get a chance to pick The Wall Street Journal?s top editor...
New York Times - April 22, 2008
Despite Climate Worry, Europe Turns to Coal
Driven by rising demand and oil and natural gas prices, European countries plan to build dozens of new coal-fired power plants...
New York Times - April 22, 2008
Yahoo Profit Tops Expectations
Yahoo?s results give the company ammunition to argue anew that Microsoft?s takeover offer undervalues the company...
New York Times - April 22, 2008
Pennsylvania Voters Flood Polls After Long Battle
The Democratic nominating contest returned to the ballot box as Pennsylvania voters turned out in record numbers on Tuesday...
New York Times - April 22, 2008
The Caucus: Watching the Returns: A Guide
Will Obama?s strength in Philadelphia make up for Clinton?s strength?s elsewhere in the state?...
New York Times - April 22, 2008
US house prices continue to fall
Sales of existing homes in the US fell by 2% in March, industry figures show, as the housing market struggles...
BBC News - April 22, 2008
Lexmark Quarterly Profit Rises as Printer Sales Fall
Lexmark International said first-quarter quarter profit beat, helped by a 42 percent drop in inkjet printer sales and stronger sales of laser printer supplies...
New York Times - April 22, 2008
Journal Communications Profit Falls
The results met market expectations, but the publisher of the Milwaukee Journal Sentinel forecast a fall in second-quarter publishing revenue amid weakness in classified advertising...
New York Times - April 22, 2008
Wyeth Profit Falls but Tops Expectations
The drugmaker?s reported that first-quarter profit fell to $1.2 billion from $1.25 billion, beating expectations, and said it is on track to meet full-year projections...
New York Times - April 22, 2008
Kimberly-Clark Profit Falls on Charges and Costs
The consumer products maker said net income dipped 3 percent to $440.9 million in the first quarter, missing expectations...
New York Times - April 22, 2008
Omnicom Profit Up 14%
The advertising services giant beat Wall Street expectations and sent a signal to investors that corporate advertising spending is holding up for the moment...
New York Times - April 22, 2008
High Prices Lift Quarterly Profit at AK Steel
The company reported net income of $101.1 million for the first quarter, beating Wall Street estimates, as it continued to benefit from rising steel prices...
New York Times - April 22, 2008
Slow Jet Sales Offset by Space Business at Lockheed
The military supplier said its first-quarter earning rose 6 percent to $730 million as higher sales of space equipment, missiles and other combat tools offset a dip in fighter jet sales...
New York Times - April 22, 2008
DuPont Profit Up 26% on Higher Prices
The chemical company said it earned $1.19 billion in the first quarter, lifted by higher selling prices and the weak dollar...
New York Times - April 22, 2008
McDonald?s Profit Rises on Strong Global Sales
First-quarter profit rose 24 percent to $946.1 million as the restaurant company benefited from the weak dollar and brisk global sales...
New York Times - April 22, 2008
SunTrust Profit Falls 45% as Loan Losses Soar
The Atlanta-based bank?s results missed expectations as it set aside $560 million for credit losses, up from $56.4 million a year earlier...
New York Times - April 22, 2008
Magazine Preview: Triple-A Failure
How Moody?s and other credit-rating agencies licensed the abuses that created the housing bubble ? and bust...
New York Times - April 22, 2008
UnitedHealth Cuts Outlook After Profit Disappoints
The insurer said first-quarter profit rose 7 percent, missing Wall Street expectations, and it slashed its full-year profit outlook, citing a drop-off in corporate customers...
New York Times - April 22, 2008
Fuel Costs Pummel Airlines in First Quarter
UAL, JetBlue and AirTran reported hefty quarterly losses amid record oil prices, with UAL posting its largest loss since it completed a Chapter 11 restructuring two years ago...
New York Times - April 22, 2008
Stocks Fall as Investors Analyze Earnings Reports
Wall Street lost ground in early trading as investors combed companies? quarterly statements for insights into the health of the economy...
New York Times - April 22, 2008
Wireless Unit Lifts AT&T Profit 22%
Earnings met expectations, as AT&T?s wireless business continued to grow fast enough to make up for its shrinking traditional service...
New York Times - April 22, 2008
City Room: On Earth Day, It?s Transit Riders to the Rescue
The Metropolitan Transportation Authority began selling five million limited-edition green MetroCards to commemorate Earth Day...
New York Times - April 22, 2008
In Clinton vs. Obama, Age Is One of the Greatest Predictors
One of the most striking factors in the Democratic race has been the segregation of younger and older voters...
New York Times - April 22, 2008
Colombia Orders Arrest of Uribe?s Cousin
Colombia?s chief prosecutor has ordered the arrest of a second cousin of President Alvaro Uribe for allegedly promoting illegal paramilitary groups...
New York Times - April 22, 2008
Oil Rises Above $118 a Barrel on Supply Concerns
Oil prices set records on Tuesday after a Royal Dutch Shell joint venture in Nigeria said it may have to cut deliveries following pipeline sabotage...
New York Times - April 22, 2008
Army Veteran Charged With Passing Secrets to Israel
NEW YORK (AP) -- A former U.S. Army mechanical engineer was arrested Tuesday on charges he slipped classified documents about nuclear weapons to an employee of the Israeli Consulate who also received information from convicted Pentagon spy Jonathan Pollard, authorities announced...
New York Times - April 22, 2008
The Lede: Countries Rise Up to Counter Somali Pirates
A concerted effort is being mounted from the Horn of Africa to the United Nations Security Council...
New York Times - April 22, 2008
Well: Pain as an Art Form
From Frida Kahlo to the Pain Exhibit, artists paint, draw and sculpt to express their pain...
New York Times - April 22, 2008
Rice Suggests Carter Confused Peace Process
Secretary of State Condoleezza Rice said that the State Department had explicitly advised former President Jimmy Carter not to meet with Hamas...
New York Times - April 22, 2008
Zimbabwe Arms Delivery May Turn Back
The Chinese government said that the ship carrying the arms may return to China because of problems delivering the goods...
New York Times - April 22, 2008
Wall St. Journal Editor Expected to Resign
Friends and colleagues differed as to whether Marcus W. Brauchli was being forced out or leaving out of frustration...
New York Times - April 22, 2008
Existing Home Sales Decline 2% in March
The median price of a home sold last month also dropped, to $200,700, as a severe slump in housing showed no signs of abating, the National Association of Realtors said...
New York Times - April 22, 2008
The Caucus: What Does a Victory in Pennsylvania Look Like?
A slim victory in Tuesday?s Pennsylvania primary is not going to be of much help to Senator Hillary Rodham Clinton in her struggle to turn the race?s momentum in her favor...
New York Times - April 22, 2008
Candidates Still Battling as Pennsylvania Votes
Election officials predicted a record turnout in the most expensive presidential primary in state history...
New York Times - April 22, 2008
New York Buildings Commissioner Resigns
Patricia J. Lancaster leaves after bureaucratic snafus and high-profile accidents that cast a shadow over her achievements...
New York Times - April 22, 2008
US hunger for McDonald's slowing
Fast-food group McDonald's posts upbeat quarterly results, despite weakening US sales...
BBC News - April 22, 2008
US man held on Israel spy charge
A US engineer is arrested on suspicion of giving military and nuclear secrets to Israel during the 1980s...
BBC News - April 22, 2008
On the Road: Blaming High-Priced Oil for Ruining Your Weekends
A temporary suspension of rules for ?On the Road? ? some advice for business travelers...
New York Times - April 22, 2008
Frequent Flier: Midair U-Turns Are Fine, but Please, No Speedboats
I do a lot of traveling. So I have taught myself to cope as I seek out places around the world to observe marine environments...
New York Times - April 22, 2008
British Bank Seeks New Funds
Royal Bank of Scotland became the latest lender to seek new funds to cover its soured investments, saying it would sell $23.8 billion of new shares to current investors...
New York Times - April 22, 2008
Samsung Chairman Resigns
Lee Kun-hee, Samsung Group?s chairman, indicted on tax evasion charges, announced that he would step down after 20 years of leadership...
New York Times - April 22, 2008
In Clinton vs. Obama, Age Is a Great Predictor
One of the most striking factors in the race for the Democratic nomination has been the segregation of younger and older voters...
New York Times - April 22, 2008
NHL: Anaheim crash out
Reigning Stanley Cup champions Anaheim crash out of the NHL play-offs in the first round, beaten 4-2 by Dallas...
BBC News - April 22, 2008
Madonna adoption case is delayed
Madonna's court hearing to finalise the adoption of David Banda is postponed after she requests a delay...
BBC News - April 22, 2008
Priest missing on balloon flight
A Catholic priest who used 1,000 helium balloons to try to break a flying record in Brazil goes missing over the sea...
BBC News - April 22, 2008
Cost-Cutting Drives Drug Makers? Profits
Tight cost controls helped Merck and Novartis to report better-than-expected quarterly earnings, while high expenses led to disappointing results from Eli Lilly...
New York Times - April 22, 2008
Mixed Results From Toy Makers
Hasbro, the world?s No. 2 toy maker, rode its hot Transformers line to a strong profit, while legal expenses and rising costs hurt its larger rival, Mattel...
New York Times - April 22, 2008
Dealbook: Hedge Fund Investing and Politics
Many of the wealthiest hedge fund managers are lining up behind a seemingly unlikely choice in the presidential race...
New York Times - April 22, 2008
Halliburton Profit Rises
Increasing its global presence is paying off for the oil field services provider Halliburton, whose first-quarter income rose nearly 6 percent...
New York Times - April 22, 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 22, 2008
Profit Jumps at Boston Scientific
Boston Scientific said on Monday that its first-quarter profit more than doubled after it cut expenses to offset declining sales of drug-coated heart stents...
New York Times - April 22, 2008
Gannett Reports Earnings Decline; A. H. Belo Falters
Newspaper publishers reported more trouble from the weak economy Monday. Gannett posted lower first-quarter revenue, and A.H. Belo warned of lower earnings...
New York Times - April 22, 2008
Stocks & Bonds: A Day of Fluctuation and Light Trading
Investors turned cautious again Monday after another record-breaking tear in oil prices and disappointing news from Bank of America...
New York Times - April 22, 2008
Shares of Texas Instruments Slip 2%
The chip maker posted a higher quarterly profit on Monday, but forecast second-quarter results that fell short of Wall Street expectations...
New York Times - April 22, 2008
Airline Cancels Bid for Alitalia
Air France-KLM said its offer to buy the struggling Italian airline Alitalia was ?no longer valid,? because Alitalia had failed to clarify the ?legal situation? after talks broke off...
New York Times - April 22, 2008
Israel to Investigate Killing of Newsman in Clash in Gaza
A human rights group said an Israeli tank fired recklessly or deliberately on a cameraman for the Reuters news agency, killing him...
New York Times - April 22, 2008
Geoffrey Polites, Australian Ford Official, Is Dead at 60
Mr. Polites played a key role in arranging the March deal to sell the Jaguar and Land Rover brands to Indian automaker Tata Motors...
New York Times - April 22, 2008
Disney Looks to Nature, and Creates a Film Division to Capture It
Betting that audiences are hungry for nature documentaries, the Walt Disney Company has created a new production banner to deliver two nature films a year starting in 2009...
New York Times - April 22, 2008
Advertising: More Bells, Whistles and Packets of All Sorts
With so much of the publishing industry shifting to the Web, magazine executives are trying to use their print products as a tactical advantage with advertisers...
New York Times - April 22, 2008
Overhaul for Web Site of Essence Magazine
Essence will be the latest magazine to try to refashion itself online for a daily, rather than a monthly, audience...
New York Times - April 22, 2008
China and U.S. Disagree Over 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 22, 2008
Samsung Head to Step Down
Samsung Group Chairman Lee Kun-hee, indicted on tax evasion charges, announced Tuesday that he would step down after 20 years of leadership...
New York Times - April 22, 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 22, 2008
Airlines to Charge 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 22, 2008
Some Banks Rethink Investments as Money Tightens
Western banks have stocked up on assets in fast-growing Asian economies, but the current credit crisis has some analysts suggesting they should now be selling them...
New York Times - April 22, 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 22, 2008
Early Target for Fuel Economy Is Expected
The proposed regulation is likely to require the industry to meet a target of 31 miles a gallon by 2015...
New York Times - April 22, 2008
Banks Hunting for More Cash
The bill for the credit mess keeps rising. Bank of America raised its loss reserves, and Citigroup sought investors as banks? credit problems dragged on...
New York Times - April 22, 2008
Re-Examining Nafta in Hopes of Curing U.S. Manufacturing
When the two Democratic candidates heap blame on the trade pact for the plight of unemployed workers, what they are truly talking about is trade with Mexico...
New York Times - April 22, 2008
Gas Reaches $3.50, With Little Hope for Relief
Gasoline prices surpassed $3.50 a gallon nationwide for the first time and oil jumped to a record on Monday as the long rise of energy prices showed little signs of abating...
New York Times - April 22, 2008
News Corporation Near Deal to Buy Newsday
The Tribune company has reached agreement in principle to sell the Long Island newspaper for about $580 million, according to a source familiar with the matter...
New York Times - April 22, 2008
Wall Street Journal Editor Expected to Resign
The managing editor at The Wall Street Journal, Marcus Brauchli, is expected to submit his resignation after less than a year in the post...
New York Times - April 22, 2008
Talking Veterans Down From Despair
A hot line is part of a specialized effort by the Department of Veterans Affairs to reduce suicides among veterans...
New York Times - April 22, 2008
Samsung Group Leader to Step Down
Samsung Group head Lee Kun-hee, indicted last week for tax evasion and breach of trust, said on Tuesday he was quitting his post at South Korea's largest conglomerate...
New York Times - April 22, 2008
In Britain, Banks Can Swap Assets for Bonds
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 22, 2008
In Oklahoma, a River Alters a City?s Course
A rejuvenated river has turned once barren Oklahoma City into an unlikely mecca for elite water sports...
New York Times - April 22, 2008
Afghan Ministry Bans the Broadcast of 5 Foreign Soap Operas
Afghanistan?s minister for information and culture said the five soap operas were not in keeping with ?Afghan religion and culture.?...
New York Times - April 22, 2008
A Developer, His Deals and His Ties to McCain
For John McCain, who has pledged to avoid even the appearance of dispensing official favors for donors, Donald R. Diamond is the kind of friend who can pose a test...
New York Times - April 22, 2008
On Eve of Primary, Clinton Ad Invokes bin Laden
The Pennsylvania primary drew to a contentious finish as a Clinton television commercial questioned Barack Obama?s ability to lead in a crisis...
New York Times - April 22, 2008
For Buildings Official, Criticism Comes to a Boil
Mishandled permits have raised questions about Patricia J. Lancaster, an architect hired by Mayor Michael R. Bloomberg to modernize the Buildings Department...
New York Times - April 22, 2008
F.D.A. Identifies Tainted Heparin in 11 Countries
Federal officials said they had discovered a clear link between a contaminant in blood thinner from China and 81 deaths in the U.S...
New York Times - April 22, 2008
In Baghdad, Struggle Ties Security to Basic Services
The lack of services in Sadr City raises fears that militias might move in to restore them, winning the hearts and minds of the population...
New York Times - April 22, 2008
The Food Chain: Price Volatility Adds to Worry on U.S. Farms
Wild swings in crop futures are damaging mechanisms that are supposed to cushion the jolts of farming...
New York Times - April 22, 2008
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