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US News Archive for May 2008:
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U.S. Seeks New Curbs on Credit-Card Practices
The rules are aimed at making it more difficult for credit card companies to raise rates arbitrarily, conceal high penalty fees, or engage in other practices that consumer groups say are abusive...
New York Times - May 2, 2008
Microsoft and Yahoo Are Said to Step Up Merger Talks
After a months-long standoff, Microsoft has increased its offer, a person involved in the talks said...
New York Times - May 2, 2008
Boomers, Exercise Your Brains, or Else You?ll...Uh...
The fear of a decaying brains has inspired a mini-industry of brain health products, not just supplements but computer-based fitter-brain products as well...
New York Times - May 2, 2008
The Lede: Skepticism After Death of ?D.C. Madam?
Across the Internet, scoffing at the initial police judgment that Deborah Jeane Palfrey committed suicide, and insistence that she must have had more names to name...
New York Times - May 2, 2008
Bats: A.L. Leaders Showdown in Beantown
The Tampa Bay Rays (16-12) and the Boston Red Sox (17-13) are in a virtual tie for first place in the American League East, with the Rays (.571) edging the Sox out by a few percentage points (.567). Repeat, the Rays and the Red Sox, the defending World Series champions, are sitting atop the division. Who [...]...
New York Times - May 2, 2008
City Room: Dining on Guinea Pig in Queens
The South American delicacy, cuy, or roasted guinea pig, is served from certain vending carts in Queens, and available at nearby restaurants and groceries. The accompanying video may not be appreciated by the most fervent animal lovers...
New York Times - May 2, 2008
Virus Kills 22 Children in Eastern China
A fast-spreading viral outbreak in eastern China has sickened thousands and caused panic among parents...
New York Times - May 2, 2008
The Rail: Times Bloggers? Kentucky Derby Picks
The Rail's contributors make their Derby selections...
New York Times - May 2, 2008
Microsoft and Yahoo Are Said to Step Up Talks
After a months-long standoff, Microsoft has increased its offer, people involved in the talks said...
New York Times - May 2, 2008
Los Angeles Journal: Hungry Angelenos Rally Around the Taco
In Los Angeles, a city that rarely rallies cohesively around a local cause, residents have joined together to fight a new ordinance restricting the city?s ubiquitous and beloved taco trucks...
New York Times - May 2, 2008
Bankruptcy for US linen retailer
Retailer Linens 'n Things files for bankruptcy protection, citing problems in the credit and housing markets...
BBC News - May 2, 2008
Brazil index tops 70,000 points
Brazilian shares continue to climb to a new record on Friday thanks to its new investment rating...
BBC News - May 2, 2008
US election at-a-glance
A weekly guide to the 2008 US presidential election, in words and pictures...
BBC News - May 2, 2008
US jobs data eases economy fears
The US economy lost a fewer than expected 20,000 jobs in April, official figures from the Labor Department show...
BBC News - May 2, 2008
Twelve dead in Bolivian bus crash
At least 12 people, including Israeli and Japanese tourists, are killed when two buses collide in southern Bolivia...
BBC News - May 2, 2008
Washington Post Profit Drops on Newsweek Charge
First-quarter profit fell 39 percent to $38.8 million, hurt by an early retirement program charge at Newsweek and a continued loss of revenue from the media company?s newspapers...
New York Times - May 2, 2008
Weyerhaeuser Swings to Quarterly Loss
The lumber and paper producer posted a first-quarter loss of $148 million, hurt by a sagging housing market and low product prices...
New York Times - May 2, 2008
Nortel Loss Grows, but Company Expects to Meet Targets
Nortel posted a bigger first-quarter loss as a series of charges weighed on results, but the telecommunications equipment maker said it still expected to meet full-year targets...
New York Times - May 2, 2008
Viacom Profit Jumps 33%
The company posted first-quarter profit of $270 million on stronger results at its cable networks and Paramount studio...
New York Times - May 2, 2008
Parmalat Settles U.S. Class-Action Case
The Italian dairy group said it will issue new stock valued at more than $36 million to settle a case brought by former shareholders in connection with the 2003 collapse of the company...
New York Times - May 2, 2008
DealBook: Linens ?n Things Lands in Chapter 11
The seller of housewares and bedding is now one the biggest companies taken private in the recent buyout boom to land in bankruptcy court...
New York Times - May 2, 2008
As Gas Costs Soar, Buyers Flock to Small Cars
About one in five vehicles sold in the U.S. in April was a compact or subcompact car, while sales of pickups and S.U.V.?s fell sharply...
New York Times - May 2, 2008
Fed Takes Steps to Add Liquidity
The Federal Reserve moved to increase the size of its cash auctions to banks and allow financial institutions to put up credit card debt, student loans and car loans as collateral for Fed loans...
New York Times - May 2, 2008
Stocks Mostly Advance After Employment Report
Wall Street was mostly higher after a better-than-expected government employment report stirred optimism about the buoyancy of the economy...
New York Times - May 2, 2008
Chevron Earnings Up 10% on Record Oil Prices
Net income in the first quarter rose to $5.17 billion at Chevron as soaring oil prices outweighed weak profits from gasoline production...
New York Times - May 2, 2008
City Room: Paterson on Why He Revealed Affairs
In a radio interview, the governor said rumors were circulating and he feared exposure not only in the press but also from "out-of-control people" in the state police "that were clearly monitoring a lot of the elected officials."...
New York Times - May 2, 2008
Well: Driver?s Ed for the Real World
Advanced driving courses teach teens what a driving emergency really feels like...
New York Times - May 2, 2008
Dot Earth: The Poetry and Imagery of Earth
The poetry and imagery of climate and earth...
New York Times - May 2, 2008
Fund Set for Bridge Collapse Victims
Minnesota legislators said that they had reached an agreement on a $37 million plan to compensate victims of the highway bridge that collapsed last August...
New York Times - May 2, 2008
Car Bomb Hits Yemeni Mosque
The bombing was in a region that has been the site of an intermittent rebellion rebels since 2004...
New York Times - May 2, 2008
Tibetan Envoys Head to China
In a signal of low expectations for the meeting with representatives of the Dalai Lama, the announcement predicted that the visit would be ?brief.?...
New York Times - May 2, 2008
Music Review: Dolly Parton?s Subversive Message
Her show at Radio City Music Hall on Wednesday was a seminar on the power of independent thought...
New York Times - May 2, 2008
The Lede: Cashing a $360 Billion Forged Check
A forged check, a profligate timewaster: Today's adventures in the land of dubious digits...
New York Times - May 2, 2008
Zimbabwe Officials Say Runoff Needed
After more than a month?s delay, Zimbabwe officially announced that Morgan Tsvangirai had not won by enough to avoid a runoff against Robert Mugabe...
New York Times - May 2, 2008
Virus Kills 22 Children in China
A fast-spreading viral outbreak in eastern China has killed 22 children, sickened nearly 3,000 others and caused panic among parents...
New York Times - May 2, 2008
Labor Suffers Losses in British Local Elections
The results were a further dent in the battered political fortunes of Prime Minister Gordon Brown...
New York Times - May 2, 2008
U.S. Sheds Fewer Jobs Than Expected
The economy in April lost 20,000 jobs, fewer than predicted, but the report suggested to many economists that the U.S. is ensnared in a recession...
New York Times - May 2, 2008
Yahoo shares boosted on bid hopes
Shares in Yahoo jump 3% on expectation Microsoft is preparing to launch a hostile bid for the internet company...
BBC News - May 2, 2008
Sprinter indicted on drugs charge
Disgraced sprinter Tim Montgomery has been indicted on heroin distribution charges, reports a US newspaper...
BBC News - May 2, 2008
Little optimism over Betancourt
French Foreign Minister Bernard Kouchner says he is "not very optimistic" about freeing the hostage Ingrid Betancourt...
BBC News - May 2, 2008
US jobs data gives positive shock
The US economy lost a fewer than expected 20,000 jobs in April, figures from the Labor Department show...
BBC News - May 2, 2008
Burger King Quarterly Profit Rises
Burger King Holdings Inc posted a rise in quarterly profit on Thursday, boosted by higher sales at new and remodeled restaurants...
New York Times - May 2, 2008
Bolivia's Morales Deepens Control of Economy
Bolivia?s President Evo Morales deepened state control of the economy on Thursday, the second anniversary of his energy nationalization...
New York Times - May 2, 2008
Labor Suffers Broad Losses in British Local Elections
The results were a further dent in the tattered political fortunes of Prime Minister Gordon Brown...
New York Times - May 2, 2008
Torch Moves Through Hong Kong Without Disruption
Large groups of flag-waving torch supporters shouted insults at pro-Tibet and human rights protesters, forcing them to seek refuge in police vans...
New York Times - May 2, 2008
In Subway Platform, These Musicians See Their Stage
Musicians of all types, including a man who played the kora, a 21-string West African instrument, auditioned for one of 20 authorized spots in the subway on Thursday...
New York Times - May 2, 2008
Guantanamo cameraman freed
A cameraman from the al-Jazeera TV station freed from Guantanamo Bay has arrived home in Sudan...
BBC News - May 2, 2008
Deaths ground US training planes
The US Air Force grounds 500 training jets after two accidents in eight days kill four pilots...
BBC News - May 2, 2008
Insurer Income Falls
MetLife said that first-quarter net income fell 37 percent, hurt by investment losses...
New York Times - May 2, 2008
Cable Spending Aids Comcast?s Profit
Promotional offers and higher cable television spending fueled the first-quarter profit of Comcast, which showed limited effects from an economic slowdown...
New York Times - May 2, 2008
A Big Rally as Two Worries Ease a Bit
Wall Street shot higher on Thursday as investors saw a rising dollar and falling oil prices as promising signs for the economy...
New York Times - May 2, 2008
High & Low Finance: Determining Who Rides the Lifeboat
As the mortgage crisis spilled over into a credit squeeze threatening Wall Street, the government tried to prevent disaster while not helping those who don?t deserve it...
New York Times - May 2, 2008
Like Motorists, Airlines Are Reducing Their Speed to Save Fuel Costs
Drivers have long known that slowing down on the highway means getting more miles to the gallon. Now airlines are trying it, too...
New York Times - May 2, 2008
Jury Gets Hollywood Wiretap Case
The six-year-old Hollywood wiretapping case went to the jury after a federal prosecutor urged the panel members to look past the celebrities and entertainment moguls involved...
New York Times - May 2, 2008
Sun Microsystems Posts Loss and Plans to Reduce Jobs
The network server company swung to a loss in its most recent quarter, ending five straight quarters of profit, as the company struggled to cope with a challenging economy...
New York Times - May 2, 2008
From Making the Cases to Challenging Them
Pro bono positions are part of a growing trend by law firms, which have been grappling to meet various challenges on the pro bono front...
New York Times - May 2, 2008
Microsoft Outlines Its Yahoo Strategies
Microsoft?s chief executive told employees that the company would announce in ?short order? which of three paths it would choose in its pursuit of Yahoo...
New York Times - May 2, 2008
National Geographic Wins 3 Awards, Honored Beyond Photography
The awards reflect the efforts of National Geographic, long recognized for top-flight photography, to elevate the rest of its offerings...
New York Times - May 2, 2008
Amazon Sues Over State Law on Collection of Sales Tax
The lawsuit raises questions over whether vendors who are not physically present in New York State should collect tax on behalf of the state...
New York Times - May 2, 2008
Big Retailers Scaling Back Expansion Plans and Shutting Stores
Store closings and delayed openings are expected to ripple through the economy, depriving many communities of sales tax revenue...
New York Times - May 2, 2008
For a 4th Month, Shoppers Curtail the Desire to Spend
Americans had plenty of reasons not to spend: workers? wages continued to grow at an anemic pace, even as higher prices for food and gasoline pinched pocketbooks...
New York Times - May 2, 2008
In Tougher Times, Carlyle Looks Abroad
The Carlyle Group is counting on its head start in international markets to help it weather recent turbulence...
New York Times - May 2, 2008
Democrats and Fox News Make Friends
The once-frosty relationship between Fox News and the Democratic candidates seems to have grown warmer as they find each other useful...
New York Times - May 2, 2008
At Kodak, Some Old Things Are New Again
Eastman Kodak, which once considered itself the Bell Labs of chemistry, has embraced the digital world and the researchers who understand it...
New York Times - May 2, 2008
Exxon Posts Its 2nd-Best Quarter, but It?s Not Enough for Wall St.
Exxon Mobil, the world?s largest publicly traded oil company, said its net income rose 17 percent in the first quarter, buoyed by high oil prices...
New York Times - May 2, 2008
Crowds Are Smaller at Protests by Immigrants
Some said they had lost a rallying cry in the stalled effort in Congress to revamp immigration law, or that fear of sweeps may have kept immigrants away...
New York Times - May 2, 2008
Political Memo: Clinton May Be Hopeful, but Obama Rolls On
Barack Obama continues to pick up superdelegates, leaving his opponent with dwindling options...
New York Times - May 2, 2008
A Pulpit-and-Pews Gulf on Obama?s Ex-Pastor
Black ministers in North Carolina were backing the Rev. Jeremiah A. Wright Jr., but parishioners were not nearly as sympathetic...
New York Times - May 2, 2008
Stores Hint at Change Under New Castro
President Raúl Castro?s tinkering may be tiny compared to Cuba?s problems, but he is still shaking up the country...
New York Times - May 2, 2008
Agency Seeks New Credit Card Rules
The federal agency that oversees savings associations is proposing new rules that would prohibit several practices of the credit card industry that consumer groups have long called unfair and deceptive...
New York Times - May 2, 2008
Double Bombings in an Iraqi Town Kill 35
Two blasts ripped through a street in Diyala, and a car bomb in Baghdad killed a U.S. soldier and nine civilians...
New York Times - May 2, 2008
As Gas Costs Soar, Buyers Are Flocking to Small Cars
In what analysts call a first, about one in five vehicles sold in the U.S. in April was a compact or subcompact car, while sales of pickups and S.U.V.?s fell sharply...
New York Times - May 2, 2008
Economic Clouds? Wall Street Sees Signs of Sunshine
Despite a drumbeat of bad economic news, the stock market is up, and for the first time in months, Wall Street analysts and executives sound upbeat...
New York Times - May 2, 2008
Congress Passes Bill to Bar Bias Based on Genes
The bill speaks to the hope that genetic research may vastly improve health care and to the fear of a dystopia in which people?s DNA could be turned against them...
New York Times - May 2, 2008
ArtsBeat: Jazzfest: ?Things Are Gonna Get Brighter?
The trumpeter Kermit Ruffins is one epitome of the New Orleans musician: skillful, versatile and no less serious just because he's happy to entertain. At Jazz Fest, taking a cue from Louis Armstrong, he sang "What a Wonderful World." He also played one piece on a modern-jazz vamp, another on a bright Caribbean beat. He [...]...
New York Times - May 2, 2008
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