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Home >US News Archive  > Year 2008  > January  > 29 January 2008

US News Archive for January 2008:
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Avalanche fears in West; Midwest braces for winds
Avalanche centers in the West issued warnings Tuesday after a storm buried areas in heavy snow, closed government offices, caused havoc on roads and even shut down a ski resort. full story...
CNN - January 29, 2008
Police hunt for doctor in kidney-snatching ring
Police in India have broken up what they call a global organ-trafficking scheme and are hunting its alleged mastermind, a doctor identified as Amit Kumar. full story...
CNN - January 29, 2008
The Lede: New Navy Test of Railgun
The Office of Naval Research tests a ship-to-land gun that uses no fuel...
New York Times - January 29, 2008
What if the Patriots Lose?
Clipboard: William C. Rhoden discusses the Patriots' legacy, Coach Bill Belichick's approach and how the underdog Giants and Tom Coughlin should approach Super Bowl XLII. (mp3) William C. Rhoden says that the New England Patriots are "the greatest professional football team in regular-season history." But we won't know until Sunday night exactly where they fit in [...]...
New York Times - January 29, 2008
China Cracks Down on Dissent
Human rights advocates say the arrest of an activist named Hu Jia is an example of a broadening crackdown...
New York Times - January 29, 2008
Truman?s Daughter Dies at 83
Margaret Truman Daniel?s achievements as a singer, TV host, and author won her renown in her own right...
New York Times - January 29, 2008
Would-Be Peacemaker Killed in Kenya
A freshman lawmaker who could have been one of the keys to unlocking Kenya?s crisis was shot dead...
New York Times - January 29, 2008
Mets Acquiring Santana From Twins
The Mets beat out the Yankees and the Red Sox to acquire Johan Santana, a two-time Cy Young award winner...
New York Times - January 29, 2008
Live-Blogging the Florida Primary
Most polls are closed now; with a tight race, it could be a long night; why Giuliani didn?t catch fire...
New York Times - January 29, 2008
Florida Wraps Up Voting as Officials See Big Turnout
Campaign officials had predicted a high turnout for the election with the single biggest prize so far in the campaign for Republicans: 57 delegates...
New York Times - January 29, 2008
Blogs Becoming Regular Reading for Business Travelers
It may be a little late to the game, but business travel is now the subject of a variety of blogs...
New York Times - January 29, 2008
Executive Gets 20-Year Term for Hedge Fund Scheme
The former chief financial officer of the hedge fund Bayou Group was sentenced to 20 years in prison for his role in a scheme that defrauded investors of $450 million and led to the fund?s collapse...
New York Times - January 29, 2008
Rule Change to Help Smaller Companies Raise Funds
In a move that will make it easier for small and medium-size public companies to raise money, federal regulators are about to the ease rules on the sale of restricted shares...
New York Times - January 29, 2008
Stocks Higher as Investors Wait on Fed
Wall Street advanced sharply as the Federal Reserve opened a two-day meeting expected to result in another interest rate cut to revitalize the U.S. economy...
New York Times - January 29, 2008
French Bank?s Chief Faces Pressure to Resign
Senior French politicians stepped up calls for top managers at Société Générale to resign over a rogue trader?s deals that cost the bank more than $7 billion...
New York Times - January 29, 2008
In Spinal Device Research, Questions on Financial Conflicts
The way the Prodisc, an artificial spinal disk, was tested and approved provides a stark example of conflicts of interest among clinical researchers...
New York Times - January 29, 2008
Yahoo Will Cut 1,000 Jobs
As it announced 23-percent decline in fourth-quarter profit, Yahoo also said it planned to cut 1,000 jobs from its 14,000-member work force, far more than expected...
New York Times - January 29, 2008
F.B.I. Opens Subprime Inquiry
F.B.I. officials told reporters the probes involved potential violations including accounting fraud and insider trading...
New York Times - January 29, 2008
House Passes $146 Billion Economic Aid Package
The House voted to approve the fiscal stimulus package, hoping to quickly seal a deal with the White House. But Senate Democrats forged ahead with their own plan...
New York Times - January 29, 2008
Bush addresses economy fears
President George W Bush uses his final State of the Union address to try to shore up US economic confidence...
BBC News - January 29, 2008
US economy plan passes first test
The US House of Representatives approves a major financial package designed to stimulate the US economy...
BBC News - January 29, 2008
FBI investigates sub-prime crisis
The FBI probes 14 firms embroiled in the sub-prime mortgage crisis as it cracks down on improper lending...
BBC News - January 29, 2008
The Moussaoui Reward ? Too Much?
The State Department's rewarding of one individual $5 million has received enough criticisms to warrant a reader vote...
New York Times - January 29, 2008
Iran Executes Bribery Convict
Iran?s judiciary has executed an airport customs contractor accused of bribe-taking and other corruption and has issued death sentences for three other airport employees...
New York Times - January 29, 2008
Answers on Tenant-Landlord Issues
Taking Questions: A third installment of answers from Lucas A. Ferrara, a partner at Finkelstein Newman Ferrara who is taking questions from readers through Jan. 30 on tenant-landlord issues...
New York Times - January 29, 2008
China Cracks Down on Dissent Ahead of Olympics
Human rights advocates and Chinese dissidents say the arrest of an activist named Hu Jia is the most telling example of what they describe as a broadening crackdown on dissent...
New York Times - January 29, 2008
Severe Cold and Snow Hit Midwest
The upper Midwest braced for an Arctic blast with temperatures expected to drop as much as 50 degrees during the day, as areas farther west dug out from a snowstorm...
New York Times - January 29, 2008
Barnard Names New President
Debora L. Spar, a Harvard Business School professor, will succeed Judith R. Shapiro as the president of Barnard College...
New York Times - January 29, 2008
Critic?s Choice: Thumbs Down on the Spectacle
At the moment when football is supposed to be at its glorious peak ? the Super Bowl ? it is utterly irrelevant...
New York Times - January 29, 2008
Republicans Make Final Pitches in Florida
Republican candidates made last minute appearances to rally supporters in the hotly-contested Florida primary, where the turnout is expected to be high...
New York Times - January 29, 2008
Opposition Politician Is Killed in Kenya
A freshman parliamentarian who could have been one of the keys to unlocking Kenya?s crisis was shot dead at his home...
New York Times - January 29, 2008
Bush, Facing Woes in ?08, Focuses on War and Taxes
President Bush used his final State of the Union address to call for passage of his tax rebate package and patience in Iraq...
New York Times - January 29, 2008
Pepsi Bottling Profit Falls
Quarterly net profit fell to $81 million, from $133 million a year earlier, as the company took charges related to restructuring and disposing of some vending machines...
New York Times - January 29, 2008
Lexmark Profit Beats Expectation
The printer maker also predicted better-than-expected first quarter earnings, sending shares up...
New York Times - January 29, 2008
Travelers Profit Falls 11 Percent
The commercial insurer said profit declined on lower premiums and investment income, but the results still beat Wall Street expectations...
New York Times - January 29, 2008
3M Profit Beats Expectations
The company said fourth-quarter earnings fell from year-ago results that included a one-time gain. But adjusted profit exceeded expectations on Wall Street, driven by higher sales...
New York Times - January 29, 2008
American Electric Power Posts Higher Profit
The power generators said fourth-quarter profit rose 28 percent, helped by favorable weather, higher rates across much of its service area and marketing efforts...
New York Times - January 29, 2008
EMC Profit and Revenue Rise
The world?s biggest maker of corporate storage gear said fourth-quarter profit rose to $525.7 million, from $388.8 million a year earlier, on strong revenue growth across a broad range of products...
New York Times - January 29, 2008
JetBlue Reports Quarterly Loss but Annual Profit
The airline reported a narrower-than-expected loss in the fourth quarter and its first full-year profit in three years as an increase in traffic helped compensate for rising fuel costs...
New York Times - January 29, 2008
AirTran Narrows Loss but Misses Estimate
The company posted a wider-than-expected fourth-quarter loss, burdened by a 35 percent jump in its fuel bill...
New York Times - January 29, 2008
Northwest Airlines Beats Estimates
The airline narrowed its fourth-quarter loss to $8 million, beating Wall Street?s forecasts despite higher fuel costs...
New York Times - January 29, 2008
Occidental Profit Rises With Oil Prices
The company said its profit rose 56 percent to $1.45 billion in the fourth quarter as oil prices surged...
New York Times - January 29, 2008
U.S. Steel Profit Drops on Acquisitions and Job Cuts
Fourth-quarter profit plunged on costs from acquisitions and job cuts in Europe, sending shares down...
New York Times - January 29, 2008
Eli Lilly Earnings Rise Sharply
Fourth-quarter profit surged from a year-ago period that included hefty restructuring costs and liability charges related to the company?s top-selling drug, Zyprexa...
New York Times - January 29, 2008
Dow Chemical Profit Beats Estimates
Fourth-quarter earnings fell 52 percent due to restructuring and a $1.7 billion rise in spending on materials and energy, but the results topped analysts? estimates...
New York Times - January 29, 2008
I.M.F. Sees Slowdown but No Recession
The stimulus package being hashed out between Congress and the White House, along with the Fed?s recent rate cut, should give a modest boost to the U.S. economy by mid-2008, the I.M.F. said...
New York Times - January 29, 2008
Sharp Drop in Consumer Confidence in January
Worries over deteriorating business conditions and a weakening job market pushed the Consumer Confidence Index lower, a business research group said...
New York Times - January 29, 2008
Home Prices Plummeted in November
U.S. home prices plunged by a record 8.4 percent in November, marking two years of slowing returns, according to the Standard & Poor?s/Case-Shiller index...
New York Times - January 29, 2008
December Durable Goods Orders Jump
New orders for long-lasting U.S.-made manufactured goods rose by a much bigger-than-expected 5.2 percent and a key gauge of business spending also surged, the government reported...
New York Times - January 29, 2008
Countrywide Swings to a Loss
The troubled mortgage lender posted a loss of $422 million, citing rising loss provisions and impairment charges...
New York Times - January 29, 2008
Stocks Advance as Investors Await Fed
Wall Street was higher in midday trading as the Federal Reserve opened a two-day meeting expected to result in another interest rate cut to revitalize the U.S. economy...
New York Times - January 29, 2008
More Americans face losing homes
The number of Americans facing the loss of their homes soared 75% last year, according to a report...
BBC News - January 29, 2008
IMF lowers global growth forecast
The International Monetary Fund lowers its forecasts for global economic growth but does not predict a recession...
BBC News - January 29, 2008
US election at-a-glance: 29 Jan
A day-by-day guide to the 2008 US presidential election, in words and pictures...
BBC News - January 29, 2008
Writers will not block Grammys
Striking film and TV writers in America agree to support the Grammys, saying musicians need their support...
BBC News - January 29, 2008
Helicopters Open Fire Over Kenyan Crowd
Also Tuesday, an opposition politician was shot dead in his driveway as violence continued to grip the country...
New York Times - January 29, 2008
For Democrats, a Gleeful State of the Union
Democrats and Republicans acknowledged the sense that an era was ending as President Bush gave his last State of the Union speech...
New York Times - January 29, 2008
Grants Would Finance Private Schooling
President Bush?s call for a $400 million program to use tax dollars to help parents send their children to private or religious schools was quickly denounced by some top Democrats...
New York Times - January 29, 2008
Camelot ?08 Overshadows Bush Speech
President Bush?s State of the Union address was eclipsed by the image of Caroline Kennedy and Senator Edward M. Kennedy anointing Senator Barack Obama as the true successor to John F. Kennedy...
New York Times - January 29, 2008
Sallie Mae drops takeover lawsuit
US student loan firm Sallie Mae drops its lawsuit against a consortium that walked away from taking it over...
BBC News - January 29, 2008
NFL: Brady set for Super Bowl
New York Giants players are hit by a flu bug in the week before taking on the New England Patriots in Super Bowl XLII...
BBC News - January 29, 2008
Peru death squad 'celebrated hit'
The trial of Peru's ex-head Alberto Fujimori hears how a death squad celebrated hours after killing 15 people...
BBC News - January 29, 2008
Galapagao sea lions massacred
Ecuador investigates the slaughter of 53 sea lions found in the Galapagos islands with their skulls crushed...
BBC News - January 29, 2008
Snowstorms in China Kill at Least 24
Severe snowstorms over broad swaths of eastern and central China have wreaked havoc on traffic throughout the country...
New York Times - January 29, 2008
Is It Safe to Answer the Phone?
A sample of some of the calls Florida residents are receiving prior to Tuesday's Republican primary...
New York Times - January 29, 2008
Great Drug, but Does It Prolong Life?
There are some Indications that statins aren?t all they?re cracked up to be...
New York Times - January 29, 2008
Hitting It Off, Thanks to Algorithms of Love
As online matchmakers compete for customers using algorithms in the search for love, the battle has intrigued academic researchers who study the mating game...
New York Times - January 29, 2008
5 G.I.?s Die in Ambush in Mosul
The second major attack on American forces this month underscored the grim situation in a militant stronghold...
New York Times - January 29, 2008
Illegal Globally, Bail for Profit Remains in U.S.
Bail bondsmen, who post bail for people accused of crimes in exchange for a fee, are all but unknown in the rest of the world...
New York Times - January 29, 2008
High Enthusiasm Propels Democratic Voters
Democratic turnout has far exceeded the Republican showing in the contests so far, but the meaning for the November election is a matter of dispute...
New York Times - January 29, 2008
Germany Confronts Holocaust Legacy Anew
Wednesday is the 75th anniversary of the day Hitler and the Nazi Party took power in Germany, and the occasion has prompted yet a new round of soul-searching...
New York Times - January 29, 2008
Question of Timing on Bush?s Push on Earmarks
President Bush has never shown much distaste for Congressional pork. But he declared Monday that he had had enough...
New York Times - January 29, 2008
Acrimony Reigns in G.O.P. On Eve of Florida Vote
Mitt Romney and John McCain traded attacks in a state that could produce a Republican front-runner before a virtual national primary next week...
New York Times - January 29, 2008
Bush Speech Focuses on War and Taxes
Facing an unstable economy and an unfinished war, President Bush used his final State of the Union address to call for passage of his tax rebate package and patience in Iraq...
New York Times - January 29, 2008
A Defiant Look at What Little Lies Ahead
The question of whether President Bush remains relevant coursed through an address that avoided any reflection on the legacy he is likely to leave...
New York Times - January 29, 2008
Senate Panel Unveils Plan of Its Own on Economy
The Senate Finance Committee?s plan, which has no income cap to disqualify high earners from tax rebates, would cost more than the plan agreed to last week...
New York Times - January 29, 2008
Perception and Irony at Davos
There was a distinct feeling at the World Economic Forum that private equity was not on the hot seat ? at least not as Topic A among the world?s economists and financiers...
New York Times - January 29, 2008
Questioning the Allure of Putting Cells in the Bank
Some experts say consumers should think twice before spending money on storing stem cells, because it is not clear how useful they will be...
New York Times - January 29, 2008
For F.D.A., a Major Backlog Overseas
A series of reports concludes that the agency is so overwhelmed by a flood of imports that it is incapable of protecting the public from unsafe drugs, medical devices and food...
New York Times - January 29, 2008
Report Details Smithsonian Business Unit?s Problems
The Smithsonian Institution has accepted a finding that its business unit is plagued by poor internal communication, diffuse organization and inadequate oversight...
New York Times - January 29, 2008
Charles F. Luce, Ex-Chief of Con Ed, Is Dead at 90
Mr. Luce headed Con Ed from 1967 to 1982, dealing with the oil crisis of the 1970s and New York City?s 1977 blackout...
New York Times - January 29, 2008
Ex-Client Sentenced in Law Firm Case
Seymour M. Lazar was sentenced to six months? home detention and a $600,000 fine for lying under oath about secret payments he received...
New York Times - January 29, 2008
Berkshire Hathaway to Expand Bond Insurer Nationwide
Warren E. Buffett?s holding copmany Berkshire Hathaway Inc. agreed to expand its new bond insurer nationwide in exchange for faster licensing...
New York Times - January 29, 2008
Tool Makers Offer Dim Forecasts
Black & Decker forecast earnings of $1.10 to $1.20 a share for the first quarter, while some analysts were expecting $1.40...
New York Times - January 29, 2008
Backdating Case Brings a Prison Term
The former chief financial officer of SafeNet, a maker of computer network security products, was sentenced to six months in prison and fined $1 million...
New York Times - January 29, 2008
Halliburton Profit Rises
The oil field services company said its emphasis on Middle Eastern markets contributed to a nearly 5 percent jump in fourth-quarter profit...
New York Times - January 29, 2008
Legg Mason Picks Chief From Inside
Money manager Legg Mason said it had promoted Mark R. Fetting, a senior vice president, to chief executive...
New York Times - January 29, 2008
Corning Profit Rises
Corning Inc., the specialty glass maker, said that its fourth-quarter profit rose 11 percent, topping expectations...
New York Times - January 29, 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 29, 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 29, 2008
Earnings Slide 40% at Tyson Foods
The meat producer said its first-quarter profit slid 40 percent and planned to increase prices to offset the higher cost of commodities used to feed cattle...
New York Times - January 29, 2008
Accountant and S.E.C. Reach Deal in Enron Case
A former partner at Arthur Andersen responsible for the Enron Corporation account has settled allegations that he signed audit reports that were false and misleading...
New York Times - January 29, 2008
Biogen Is Faulted on Its Sale Process
The investor Carl C. Icahn said he was trying to get three supporters elected to the board of the biotechnology firm Biogen Idec because of concerns over the sales process...
New York Times - January 29, 2008
Wisdom of the Web
It may be a little late to the game, but business travel is now the subject of a variety of blogs...
New York Times - January 29, 2008
Super Bowl Hasn?t Started, but Airlines Are Scoring
For a cool $3,309, you can book a round-trip coach ticket from Newark to Phoenix for the big game...
New York Times - January 29, 2008
Chrysler Offering Buyouts to More Hourly Employees
Chrysler offered buyouts of as much as $100,000 to most of its hourly workers in the Detroit area as part of its plan to cut as many as 10,000 more jobs...
New York Times - January 29, 2008
U.S. Markets Rally After Sell-Off Abroad
An early tumble gave way to a rally on Wall Street on Monday, as investors shrugged off heavy losses in the Asian markets...
New York Times - January 29, 2008
Deal to Buy Credit Card Processor Is in Peril
Alliance Data Systems Corporation, the big credit card processor, warned that its proposed $6.4 billion buyout might unravel...
New York Times - January 29, 2008
ABC Show Will Go on, Over Protest by Doctors
A drama?s plot links autism with childhood vaccinations...
New York Times - January 29, 2008
New Homes Set Record: Sales Fell 26% in ?07
The decline was the steepest since records began in 1963, the Commerce Department said...
New York Times - January 29, 2008
Countrywide Chief Forgoes $37.5 Million in Exit Pay
Angelo R. Mozilo will voluntarily give up $37.5 million in severance and consulting pay in connection with the proposed takeover by the Bank of America Corporation...
New York Times - January 29, 2008
Cellular Unit and Internet Stand Out for Verizon
Verizon Communications announced earnings of $1.07 billion in the fourth quarter, but said its traditional telephone business remained a drag on the bottom line...
New York Times - January 29, 2008
Operator of Walk-In Clinics Shuts 23 Located in Wal-Mart Stores
CheckUps, a start-up operator of walk-in medical clinics, has shut down 23 of the clinics operating in Wal-Mart stores in Florida and three other Southern states...
New York Times - January 29, 2008
Court Backs Law Banning Managers as Agents
The California Supreme Court unanimously upheld a ruling that prohibits managers from procuring jobs for their celebrity clients...
New York Times - January 29, 2008
Commodities Markets in New York and Chicago Discuss Merger
The exchanges were in talks about an $11 billion merger, a union that would be the latest in a wave of consolidation among financial markets...
New York Times - January 29, 2008
Liberty Asks for Power to Push Out Diller at IAC
A battle between Mr. Diller and John C. Malone, chief executive of Liberty Media, has grown increasingly acrimonious...
New York Times - January 29, 2008
Grammys in Deal to Get Writers
Striking film and television writers agreed on Monday to allow next month?s Grammy Awards program to be written by members of the writers guild...
New York Times - January 29, 2008
McDonald?s Posts Profit but Issues Warning
McDonald?s reported a fourth-quarter profit of $1.27 billion on Monday, but warned that sales at restaurants open at least a year were flat last month...
New York Times - January 29, 2008
Wall Street Journal?s New Direction Will Take It to Midtown
The paper that has chronicled business from Lower Manhattan for 119 years plans to start a sports page and move to the News Corporation?s Midtown offices...
New York Times - January 29, 2008
Sears? Chairman Will Take a Step Back
Edward S. Lampert has a new strategy for Sears: less Edward S. Lampert, humbly admitting that his style and strategy for Sears and Kmart are not working...
New York Times - January 29, 2008
Can a Sandwich Be Slandered?
As Subway strikes back at mockery in a Quiznos-sponsored video contest, it has sparked a novel legal question: Who?s liable for the videos? claims?...
New York Times - January 29, 2008
A Quest for Glory and a Bonus Ends in Disgrace
The Société Générale worker who cost the French bank $7 billion in bad trades told investigators that all he wanted was to be respected, and to earn a big bonus...
New York Times - January 29, 2008
French Inquiry: Bank?s Inaction Grows as Issue
Société Générale?s management is under fresh scrutiny after Jérôme Kerviel said that his trading began in 2005...
New York Times - January 29, 2008
 
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WILL THE PALIN HACKER END UP IN JAIL?
NO, ONCE THE ELECTION IS OVER A DEAL WILL BE CUT TO LET HIM GO FREE.
YES, AND RIGHTLY SO!
MAYBE, BUT NOT FOR VERY LONG.
NO, AND HE SHOULDN'T BE PUNISHED AT ALL.
YES, BUT IT IS PURELY A POLITICAL PERSECUTION.
 
 

Previous Articles:

BOGUS POLL INTENDED TO BOOST OBAMA.
September 27, 2008 - October 4, 2008

NANCY PELOSI IS A REAL GAS!
September 18, 2008 - September 24, 2008

OBAMA MILITARY STORY HAS A HUGE HOLE IN IT!
September 8, 2008 - September 14, 2008

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