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US News Archive for January 2008:
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City Room: Mayor Critical of Spitzer?s Budget
Testifying in Albany, Mayor Bloomberg said the governor's state budget unfairly shortchanges New York City out of millions in promised financial support for health care and education, among other things...
New York Times - January 28, 2008
Knoblauch to Talk With House Panel
Chuck Knoblauch will talk to congressional staff members about Roger Clemens?s challenge to the Mitchell report...
New York Times - January 28, 2008
The Lede: Iraq Ratifies Kyoto Protocol
One recent accomplishment in Baghdad would make for awkward fodder for tonight?s State of the Union speech...
New York Times - January 28, 2008
Egypt Presses Abbas to Control Border
Egypt said that it preferred that the Palestinian Authority president, Mahmoud Abbas, take control of the breached border, seeming to exclude Hamas...
New York Times - January 28, 2008
5 U.S. Soldiers Killed in Iraq
The second major attack on American forces this month underscored the grim situation in a militant stronghold...
New York Times - January 28, 2008
A Famous Father, but Manning Took Cues From Mother
Eli Manning grew up in the very long shadow cast by his celebrated father and high-achieving brothers. But it is his mother he most takes after...
New York Times - January 28, 2008
Bush to Pledge Vetoes to Slow Earmarks
President Bush will announce that he will veto spending bills unless they halve the amount of money earmarked for lawmakers? pet projects...
New York Times - January 28, 2008
Bush Is Urging Quick Action to Revive U.S. Economy
In his final State of the Union address, President Bush is expected to call on Congress to enact a stimulus package that was worked out last week...
New York Times - January 28, 2008
Merrill Lynch Co-President Will Leave
The brokerage house said Monday that Ahmass L. Fakahany would leave effective Feb. 1 as the firm builds a new management team...
New York Times - January 28, 2008
American Express Profit Falls 10%
The credit card and travel services company said Monday that net income was hurt by a charge to bolster reserves for bad loans...
New York Times - January 28, 2008
Chief of Countrywide Will Forgo $37.5 Million
Angelo Mozilo, under fire over the size of his potential payout from the sale of Countrywide, said he is forfeiting severance pay, fees and perks he was scheduled to receive upon his retirement...
New York Times - January 28, 2008
Wall St. Journal Plans a Move and a Sports Page
The paper that has chronicled business from lower Manhattan for 119 years is making plans to start a sports page and move to the Midtown offices of its new corporate parent, the News Corporation...
New York Times - January 28, 2008
Inquiry Raises New Questions on French Bank
Jérôme Kerviel told prosecutors that his fictitious trading started a year earlier than Société Générale has said...
New York Times - January 28, 2008
US election at-a-glance: 28 Jan
A day-by-day guide to the 2008 US presidential election, in words and pictures...
BBC News - January 28, 2008
Republicans in final Florida push
Republican candidates cross Florida in a final full day of campaigning ahead of the state's primary...
BBC News - January 28, 2008
Big Brother?s Technical Difficulties
A less-than-futuristic surveillance system in San Francisco...
New York Times - January 28, 2008
The Moment: Nice Price for Costume Diamonds
T?s women?s fashion market director?s $135 diamond earrings...
New York Times - January 28, 2008
Rioters Tear Through Kenyan City
Kisumu, Kenya?s third largest city, was on fire again on Monday as the police and military struggled to stop a wave of revenge killings...
New York Times - January 28, 2008
Hostage Takers Surrender in Pakistan
Gunmen seized control of a school in northwestern Pakistan, taking more than 200 schoolchildren hostage before surrendering to local elders...
New York Times - January 28, 2008
5 U.S. Soldiers Killed in North Iraq
BAGHDAD (AP) -- Five American soldiers were killed Monday in a complex attack in the northern city of Mosul, described as one of al-Qaida in Iraq's last strongholds, just days after a house explosion and suicide attack killed as many as 60 people there...
New York Times - January 28, 2008
Suharto Is Mourned in Indonesia
Indonesia?s former strongman was buried with an overlay of the Javanese mysticism that, for some people, had given him the aura of a king...
New York Times - January 28, 2008
Echo of First Bush: Good Economy Turns Sour
President Bush faces the unwelcome prospect that his legacy will be wrapped up in hard times...
New York Times - January 28, 2008
Winter Storms Paralyze China
Severe snowstorms over broad swaths of eastern and central China have wreaked havoc on traffic throughout the country...
New York Times - January 28, 2008
McCain and Romney Trade Sharp Attacks
A day before Florida?s primary, Mitt Romney questioned John McCain?s conservatism, while Mr. McCain accused Mr. Romney of flip-flopping...
New York Times - January 28, 2008
FPL Quarterly Profit Falls 16 Percent
The largest U.S. wind power company said it was hit by losses from trading in energy markets...
New York Times - January 28, 2008
Black & Decker Profit Rises but Outlook Weighs
The maker of home-improvement products gave a first-quarter outlook that was lower than Wall Street forecasts, citing the sluggish U.S. housing market...
New York Times - January 28, 2008
Tyson Foods Profit Sinks
The meat producer said its first-quarter profit slid 40 percent, withdrew its earnings guidance for the year and said it will hike prices largely to offset rising costs of feed...
New York Times - January 28, 2008
Halliburton Profit Up
The oilfield services provider said fourth-quarter profit rose almost 5 percent from a year ago, helped by growing business in the Eastern Hemisphere...
New York Times - January 28, 2008
Corning Profit Rises 11 Percent
The company posted fourth-quarter earnings of $717 million, citing heavy demand for auto pollution filters and glass used in flat-screen televisions and computers...
New York Times - January 28, 2008
Verizon Profit Up 3.9 Percent
The company earned $1.07 billion in the fourth quarter, helped by steady but moderate growth in its core operations...
New York Times - January 28, 2008
McDonald?s Net Up but Same-Store Sales Flat
The company cited softer consumer spending and severe winter weather for the flat U.S. same-store sales in December and its shares fell in early trading...
New York Times - January 28, 2008
Chief of Sears to Step Down
Moving to show investors he is serious about a turnaround at Sears, Edward S. Lampert, the retailer?s billionaire chairman, said the company?s chief executive, Aylwin B. Lewis, would step down...
New York Times - January 28, 2008
Alliance Data Says Blackstone Deal Is in Trouble
The credit card services provider said it has received notice from Blackstone that the private equity firm does not expect to complete the deal...
New York Times - January 28, 2008
CME, Nymex in Discussions Over an $11 Billion Deal
The exchanges said they are in preliminary talks on a merger that could create one of the biggest marketplaces for energy trading in the world...
New York Times - January 28, 2008
U.S. Stocks Recover After Sell-Off Abroad
Wall Street was higher on Monday following a sharp drop in Asia amid lingering worries about banking sector debts and a U.S. slowdown. European markets recovered most of their early losses...
New York Times - January 28, 2008
Sales of New Homes Fell by 26% in 2007
The decline was the steepest since records began in 1963, the Commerce Department said...
New York Times - January 28, 2008
Charges Are Sought Against French Trader
Jérôme Kerviel confessed that he gambled in the markets because he wanted to be a star, the Paris prosecutor said...
New York Times - January 28, 2008
US exchanges in takeover talks
The Chicago Mercantile Exchange is in talks to buy its New York rival Nymex for $11bn, both firms reveal...
BBC News - January 28, 2008
US home sales fall at record pace
Sales of new US homes fell at the fastest pace since records began in 2007, government figures show...
BBC News - January 28, 2008
US warship makes HK visit
China allows a US warship to dock in Hong Kong, two months after it sparked a row by refusing access to the USS Kitty Hawk...
BBC News - January 28, 2008
US Pakistan diplomat found dead
An American diplomat in Pakistan is found dead at home after apparently committing suicide, police say...
BBC News - January 28, 2008
New Violence in Kenya?s Rift Valley
Protests erupted in west Kenya and machete-wielding mobs faced off in the Rift Valley on Monday after dozens died in ethnic violence that complicated mediation efforts by former U.N. boss Kofi Annan...
New York Times - January 28, 2008
Thailand Selects New Prime Minister
With the selection of Samak Sundaravej as prime minister, Thailand has completed a transition back to democracy, but the bumpy ride may not be over...
New York Times - January 28, 2008
Economic Woes Again Batter Global Stocks
Persistent fears about the world economy battered global stocks again Monday. Stocks in Europe and Asia saw sharp drops with Japan?s Nikkei closing down nearly 4 percent...
New York Times - January 28, 2008
Mortgage boss forfeits $37.5m
The boss of Countrywide Financial agrees not to take $37.5m owed to him following the bank's takeover...
BBC News - January 28, 2008
Golf: Woods strolls to win
Tiger Woods maintains his advantage to win his fourth consecutive Buick Invitational in San Diego...
BBC News - January 28, 2008
Guyana deaths spark village anger
Angry villagers blockade Guyana's main east-west highway in response to a weekend rampage by gunmen...
BBC News - January 28, 2008
In Arizona, Brady Discusses His Ankle Injury
Tom Brady, who had stayed out of view of reporters on Thursday and Friday, acknowledged that he had been only a spectator at practice last week with a mild high ankle sprain...
New York Times - January 28, 2008
Gordon B. Hinckley, Mormon Leader, Is Dead at 97
Gordon B. Hinckley, the president and prophet of the Church of Jesus Christ of Latter-day Saints, led Mormonism through a period of global expansion...
New York Times - January 28, 2008
A Violation of Both the Law and the Spirit
If the children of the Green Mountains who vandalized a farmhouse once owned by Robert Frost knew of its history, then shame. If they did not know, then shame still...
New York Times - January 28, 2008
With a Whisper, Cuba?s Housing Market Booms
Virtually every square foot of this capital city is owned by the socialist state, but the people of Havana are as obsessed with real estate as, say, condo-crazy New Yorkers...
New York Times - January 28, 2008
19 Burned to Death in Violence in Kenya
Ethnically driven violence intensified in Kenya on Sunday, and police officials said at least 19 people, including 11 children, were burned to death in a house by a mob...
New York Times - January 28, 2008
Head of Greece's Orthodox Church Dies
Greece?s Orthodox Church leader, Archbishop Christodoulos, eased centuries of tension with the Vatican but angered liberal critics who viewed him as an attention-seeking reactionary...
New York Times - January 28, 2008
Stars Seize Their Chance to Shine at SAG Awards
In a year when a writers? strike has all but shut down much of Hollywood, the Screen Actors Guild Awards drew an inordinate amount of star wattage...
New York Times - January 28, 2008
Yemen?s Deals With Jihadists Unsettle the U.S.
A dispute with the United States over a convicted terrorist underscored a much broader disagreement over how to fight terrorism in Yemen...
New York Times - January 28, 2008
In Bush?s Legacy, Weak Economy Moves Up Front
President Bush?s final State of the Union address will focus on the economy, as Mr. Bush himself suggested Friday during a short preview of the speech at a Congressional Republican retreat...
New York Times - January 28, 2008
Once Synagogues, Now Churches, and Ailing Quietly
Many houses of worship are under threat, crumbling from years of neglect, or becoming targets for acquisition by developers in neighborhoods where choice real estate is scarce...
New York Times - January 28, 2008
Races Entering Complex Phase Over Delegates
The presidential campaign is entering a new phase as the campaign has turned into a possibly lengthy hunt for delegates for the first time in 20 years...
New York Times - January 28, 2008
Kennedy Chooses Obama, Spurning Bill Clinton Plea
Senator Edward M. Kennedy?s endorsement of Barack Obama pits leading members of the nation?s most prominent Democratic families against one another...
New York Times - January 28, 2008
Fox Mashes Up the Supers
The network?s coverage of Super Bowl Sunday and Super Duper Tuesday will meld...
New York Times - January 28, 2008
This Week?s Economic Reports
A big week for economic news will be led off by the Federal Reserve?s announcement on interest rates on Wednesday...
New York Times - January 28, 2008
Treasury Auctions Set for This Week
This week?s schedule includes Monday?s regular weekly auction of new three- and six-month bills and auctions of five-year notes and four-week bills on Tuesday...
New York Times - January 28, 2008
When Neither A Nor B Looks Good
People have more trouble choosing between bad alternatives than good ones, a new consumer research study finds...
New York Times - January 28, 2008
Sony Ericsson Sets Deals With 3 Labels
In a deal aimed at rivaling Apple?s iTunes and Nokia?s Ovi, Sony Ericsson will offer more than five million music tracks on it PlayNow Internet and mobile phone service...
New York Times - January 28, 2008
Disney Youth Don?t Bop; They?re Singing in Hindi
The media conglomerate is trying to expand the global reach of ?High School Musical? to squeeze even more money from the franchise...
New York Times - January 28, 2008
A Sweet Sundae? No, It?s Primaries
Will ?Super Duper Tuesday,? the phrase coined by CNN?s Bill Schneider to describe the unprecedented crowd of primaries on Feb. 5, have a longer shelf life than Y2K?...
New York Times - January 28, 2008
Palm to Close Most of Its Retail Stores
Losing sales to BlackBerrys and iPhones, the smartphone maker said it will close seven of its eight retail stores in February...
New York Times - January 28, 2008
Scientology Writes; Gawker Rises
At Scientology?s request, several Web sites took down a video of Tom Cruise talking passionately about the church, but Gawker isn?t budging...
New York Times - January 28, 2008
A ?PG-13? Rating, Despite the Haze
Characters smoke in nearly every scene of Woody Allen?s latest film, but it was given a PG-13 rating. Where has Hollywood?s get-tough stance on cigarettes gone?...
New York Times - January 28, 2008
Target Tells a Blogger to Go Away
Target to the blogosphere: you?re irrelevant...
New York Times - January 28, 2008
LeapFrog Hopes for Next Hit With Interactive Reading Toy
After a big success with its LeapPad, the educational toy maker is hoping for a new winner in the Tag...
New York Times - January 28, 2008
Hedge Fund?s Letter Explains Intentions Regarding The Times
Firebrand Partners said it would not seek to change the The New York Times Company?s ownership structure, but wanted the company to sell some assets and focus on digital publishing...
New York Times - January 28, 2008
Despite Housing Slide, Real Estate Sites Sell
Although most of the real estate industry wishes it could fast-forward through 2008, a few online start-ups are surviving nicely...
New York Times - January 28, 2008
Sales of HD DVD Players Plunge After Warner Move
What was a 50-50 market split in 2007 for the high-definition players shifted sharply in Blu-ray?s favor in the new year...
New York Times - January 28, 2008
Washington Post Starts an Online Magazine for Blacks
Harvard professor Henry Louis Gates Jr. will be editor in chief of the online magazine, called The Root...
New York Times - January 28, 2008
Direct-to-DVD Releases Shed Their Loser Label
Once a dumping ground for movies considered virtually unwatchable, the direct-to-DVD pipeline is becoming increasingly important to mainstream film franchises...
New York Times - January 28, 2008
Is It a Recession? Marketers Seem to Think So
Let the economists and politicians debate whether the American economy is in a recession. Madison Avenue is already battening down the hatches...
New York Times - January 28, 2008
Cisco to Sell Faster Switch for Flood of Remote Data
Cisco Systems plans on Monday to introduce a network switch that will increase traffic capacity to 15 trillion bits of data a second...
New York Times - January 28, 2008
Sallie Mae Settles Suit Over Buyout That Fizzled
The embattled student lending giant, reached a settlement over its scuttled $25 billion buyout, ending months of legal fighting...
New York Times - January 28, 2008
Looking for Eyeballs Suddenly on a Budget | Rapid Changes Since 2001 Cloud Outlook for Viewers
Amid widespread worries about the economy, media companies must try to divine what a possible recession means for consumers and advertisers...
New York Times - January 28, 2008
Paulson?s Deal-Making Revives Treasury?s Relevance
After trying in vain for two years, Treasury Secretary Henry M. Paulson Jr. is finally having some success building bipartisan bridges...
New York Times - January 28, 2008
Bank Outlines How Trader Hid His Activities
Société Générale said a junior trader who racked up more than $7 billion in losses misused computer access codes and falsified documents...
New York Times - January 28, 2008
Asian Stocks Down on Economy Worries
Shares in Asia fell on Monday, with Japan down around 2.5 percent and Hong Kong down more than 3 percent, as concerns over the health of the U.S. economy returned...
New York Times - January 28, 2008
A French Style of Capitalism Is Now Stained
Société Générale, the French bank that earned the respect of it rivals, is now embarrassed by a rogue trader...
New York Times - January 28, 2008
President of Mormon Church dies
Gordon Hinckley, president of the Church of Jesus Christ of Latter-day Saints, or Mormons, dies, aged 97...
BBC News - January 28, 2008
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