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US News Archive for April 2008:
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S.E.C. Charges Alabama Mayor in Bond Case
The Securities and Exchange Commission said it charged the mayor of Birmingham, Alabama, in connection with an undisclosed payment scheme in municipal bond deals...
New York Times - April 30, 2008
Starbucks Earnings Sink 21%
Faced with a sharp drop-off in customers, Starbucks reported that net income declined to $108.7 million, from $150.8 million in the year-ago quarter...
New York Times - April 30, 2008
A Classroom Path to Entrepreneurship
As college courses in how to start small businesses are becoming as ubiquitous as Economics 101, gone is the conventional wisdom that such skills cannot be learned in class...
New York Times - April 30, 2008
Slight Growth in Economy, but Consumer Spending Weakens
Economic growth expanded only modestly in the first three months of the year, reflecting consumers? more thrifty inclinations...
New York Times - April 30, 2008
TierneyLab: David Blaine Holds Breath for Record
David Blaine broke the Guinness world record for breath-holding today by staying underwater for 17 minutes and 4 seconds on "The Oprah Winfrey Program." It was quite a feat, particularly considering what "Oprah" did to his heart. When I watched him train in a swimming pool on Grand Cayman Island by doing a 16:09 breath [...]...
New York Times - April 30, 2008
The Lede: A Rock Star?s Pig Is Found in Tatters
The massive stage prop that escaped Coachella has been located...
New York Times - April 30, 2008
Bits: Behind the EBay-Craigslist Fight
The document seems to show that the two companies have been engaged in a battle over control triggered by Kijiji, eBay?s rival classified advertising site...
New York Times - April 30, 2008
City Room: The Calorie Police Are Out in Force
An appeals court decision has put the city rules requiring calorie counting into effect, at least temporarily. But don't expect any fines just yet. Which food chains are the best at following the guidelines so far?...
New York Times - April 30, 2008
One Newsday Suitor Steps Aside, Another Returns
The owners of The New York Observer dropped out, while Cablevision prepared to get back into the bidding...
New York Times - April 30, 2008
Kentucky Derby: Unbeaten Big Brown Is the Derby Favorite
Undefeated Big Brown has been stamped the favorite for the Kentucky Derby, with the filly Eight Belles among the top choices in a full 20-horse field...
New York Times - April 30, 2008
Federal Contracting Chief Is Forced Out
Lurita A. Doan had been accused of improperly mixing government business with politics as head of the G.S.A...
New York Times - April 30, 2008
Obama Picks Up Support; Wright Remains a Worry
Some Democratic superdelegates said that the controversy over Senator Barack Obama?s former pastor gave them pause...
New York Times - April 30, 2008
Fed Cuts Rates by a Quarter Point, and It Signals a Pause
The Federal Reserve reduced short-term interest rates for the seventh time in seven months, and signaled a likely pause from any additional cuts for now...
New York Times - April 30, 2008
Bush Lauds Super Bowl Champion Giants
?It turned out to be really one of the great, legendary football games in our nation?s history,? the president said as he welcomed the Giants to the White House...
New York Times - April 30, 2008
China Investigates Forced Child Labor
Authorities said they had ?rescued? more than 100 children from factories in a manufacturing center...
New York Times - April 30, 2008
Wright Is Still a Concern for Democrats
The furor over the senator?s former pastor has made the fight for the Democratic presidential nomination a much tighter race, according to a New York Times/CBS News Poll...
New York Times - April 30, 2008
Brazil's shares at all-time high
Brazilian shares rise on the news that government debt has been upgraded to investment grade...
BBC News - April 30, 2008
Starbucks reports falling profits
Coffee chain giant Starbucks releases the disappointing results that it warned investors about last week...
BBC News - April 30, 2008
OfficeMax Profit Rises on Investment
The office supply retailer said first-quarter profit climbed 9 percent, helped by a gain from its investment in Boise Cascade...
New York Times - April 30, 2008
Jones Apparel Profit Falls
The clothing and shoe company, hurt in the first quarter by one-time items and the weak retail environment, also cut its 2008 outlook. The results, however, beat analysts? estimates...
New York Times - April 30, 2008
IAC Quarterly Profit Falls
The Internet conglomerate said first-quarter net profit fell to $52.8 million, hurt by declines at its catalog business and a loss at its online mortgage site LendingTree...
New York Times - April 30, 2008
Interpublic Group Narrows Quarterly Loss
The advertising services company added clients as advertising spending held up despite the economic slowdown...
New York Times - April 30, 2008
Kraft Foods Profit Falls 13% Amid Higher Costs
The maker of Oscar Mayer hot dogs, Maxwell House coffee and Oreo cookies did benefit from across-the-board price increases of its products, with sales jumping 21 percent...
New York Times - April 30, 2008
Kellogg?s Profit Falls, but Beats Expectations
The cereal and snack maker reported that its first-quarter profit dipped 2 percent, despite recent price increases intended to offset higher costs. The results beat Wall Street estimates...
New York Times - April 30, 2008
International Paper Earnings Down Sharply
The company missed Wall Street expectations as price increases failed to offset higher raw material costs and uncoated paper shipment volumes fell...
New York Times - April 30, 2008
Alcatel-Lucent Posts Loss as Revenue Slips
Scaling back its market forecast for 2008, the telecommunication equipment giant said it expected annual revenues to fall...
New York Times - April 30, 2008
Siemens Reports Drop in Profit
The German conglomerate said that its second-quarter net profit slid 67 percent, weighed down by weaker performance in its major business projects...
New York Times - April 30, 2008
Citigroup Sells $4.5 Billion in Shares
The sale of new common shares was another effort by the banking giant to shore up its balance sheet. The offering was priced at $25.27 a share...
New York Times - April 30, 2008
Stocks Rise Ahead of Fed Rate Decision
The Dow Jones industrial average was up more than 100 points as investors reacted to economic and corporate reports ahead of the Federal Reserve?s decision on interest rates...
New York Times - April 30, 2008
Procter & Gamble Profit Up 8%
Price increases and cost controls helped offset higher commodity costs at the consumer products maker, which raised its full-year outlook, sending shares up...
New York Times - April 30, 2008
Bat: ?Right Now,? Phil Hughes Still a Starter
Phil Hughes is 0-4 in his first six starts and has a 9.00 ERA; not exactly what was expected from the young pitcher...
New York Times - April 30, 2008
The Food Chain: Shortages Threaten Farmers? Key Tool: Fertilizer
Shrinking grain stocks and an increasing appetite for meat have collided with a shortage of fertilizer...
New York Times - April 30, 2008
The Lede: An Unexpected Comic Book Resurrection
The one hero, fans believed, that would never be resurrected. Is nothing sacred?...
New York Times - April 30, 2008
City Room: A Doorman Writes Queens History
Video: When the overnight shift quiets down at large luxury building on the Upper East Side, a doorman turns to a task he loves, researching books about Queens history. By day, he gives tours...
New York Times - April 30, 2008
Paper Cuts: A Playlist by Willy Vlautin
Willy Vlautin (Dan Eccles) On Wednesdays, this blog is the delivery vehicle for ?Living With Music,? a playlist of songs from a writer or some other kind of book-world personage. This week: Willy Vlautin, whose new book is "Northline," a novel. He plays in the band Richmond Fontaine, and the first edition of "Northline" comes with a [...]...
New York Times - April 30, 2008
Fewer Latino Immigrants Sending Money Home
More than three million Latin American immigrants in the U.S. have stopped sending remittances, a survey said...
New York Times - April 30, 2008
Federal Contracting Chief Resigns
The head of the agency that administers federal contracts has resigned amid allegations of engaging in illegal political activities and doling out no-bid awards...
New York Times - April 30, 2008
H.P. Unveils New Memory Technology
A device, called a memristor, is an electrical resistor with memory properties. The technology could eventually build very dense chips that go beyond DRAM and use much less power...
New York Times - April 30, 2008
G.M. Posts $3.3 Billion Loss
The results are likely to raise questions about the viability of G.M.?s turnaround, particularly after its cross-town rival, Ford, reported a profit last week...
New York Times - April 30, 2008
Slight Growth, but Consumer Spending Weakens
Economic growth expanded only modestly in the first three months of the year, reflected the increasingly thrifty inclinations of American consumers...
New York Times - April 30, 2008
Child Labor Cases Uncovered in China
Authorities said they had ?rescued? more than 100 children from factories in a manufacturing center known for exporting toys, textiles and electronics...
New York Times - April 30, 2008
After Break With Ex-Pastor, Obama Tries to Move On
Senator Barack Obama sought on Wednesday to steer the conversation in the presidential campaign back to the economy...
New York Times - April 30, 2008
Rangers? Avery Has Lacerated Spleen
Forward Sean Avery was hospitalized after he suffered a lacerated spleen during a hit in Tuesday?s loss to the Penguins and will miss the rest of the season...
New York Times - April 30, 2008
City Room: U.S. Court Rejects New York Gun Lawsuit
The ruling was a blow to efforts to charge gunmakers with knowingly flooding illicit markets with their weapons...
New York Times - April 30, 2008
Indian steelmaker to buy US firm
India's Essar Steel is to buy the American steel company, Esmark, in a $778m (£392m) deal...
BBC News - April 30, 2008
Afghan 'health link' to uranium
The BBC hears that rising rates of child health issues in Afghanistan may be linked to depleted uranium weapons...
BBC News - April 30, 2008
Daimler?s Profit Falls by a Third, but Sales Are Up Slightly
The company earned 1.3 billion euros ($2.03 billion), down from 1.9 billion euros in the comparable period a year earlier...
New York Times - April 30, 2008
Life Stalls in Venezuela as Power Shuts Off
Government electricity officials gave different reasons for the blackout, which lasted more than two hours in parts of Caracas...
New York Times - April 30, 2008
Deutsche Bank Posts Quarterly Loss, Evidence of the Reach of the Financial Crisis
The bank, which had won praise in financial circles for seeming to weather the credit storm better than most of its peers, reported a $395 million first-quarter loss...
New York Times - April 30, 2008
U.S. Steel Earnings Fall Despite Higher Sales
The company?s sales rose to $5.2 billion from $3.76 billion, helped by gains in the company?s flat-rolled steel business in North America...
New York Times - April 30, 2008
Waste Management?s Profit Rises on Price Increases
The trash hauler?s profit rose to $241 million, or 48 cents a share, from $238 million, or 45 cents a share, a year earlier...
New York Times - April 30, 2008
Phone Lines Decline, but Embarq?s Profit Is Up
The phone service provider said its quarterly operating revenue fell to $1.57 billion, from $1.59 billion a year ago, while access lines decreased 7.3 percent...
New York Times - April 30, 2008
Investors Cautious Before Rate Decision
Wall Street turned in a mixed performance Tuesday as investors traded cautiously ahead of the Federal Reserve?s decision on Wednesday on interest rates...
New York Times - April 30, 2008
Record Profits Reported for BP and Shell
Royal Dutch Shell and BP?s record first-quarter profits, beat analysts? expectations and prompted share gains across the industry...
New York Times - April 30, 2008
Corning Profit Triples on Demand for L.C.D. Screens
The specialty glass maker said its first-quarter profit tripled to more than $1 billion on demand for glass used in flat-screen televisions and laptop computers...
New York Times - April 30, 2008
Belo Posts Loss After Spinning Off Newspapers
The television station and cable company, reported a loss on Tuesday for the first quarter after accounting for the spinoff of four newspapers...
New York Times - April 30, 2008
I.B.M. Raises Dividend
I.B.M. increased its dividend payout 25 percent on Tuesday, reflecting the company?s confidence that it can thrive even in an uncertain economy...
New York Times - April 30, 2008
Latin American Sales Bolster Avon?s Results
Avon Products said its first-quarter profit rose 23 percent as international sales, particularly in Latin America, offset declining North American revenue...
New York Times - April 30, 2008
Cox Enterprises to Acquire Adify, an Ad Tech Firm
The media company, which has holdings in newspapers, radio and television, said it would pay $300 million in cash for the advertising technology company Adify...
New York Times - April 30, 2008
Martha Stewart Living Narrows Its Loss
Martha Stewart Living Omnimedia reported a net loss of $4.2 million, compared with a loss of $11.9 million a year earlier, helped by higher advertising sales at its magazine...
New York Times - April 30, 2008
High Demand for Corn Helps Lift A.D.M. Profit 42%
The Archer Daniels Midland Company reported a 42 percent increase in third-quarter profit, benefiting from volatile commodity prices and heavy demand for corn...
New York Times - April 30, 2008
MasterCard Profits as Plastic Gets More Popular Overseas
The company said it earned $446.9 million, or $3.38 a share, for the January-to-March period, up from $214.9 million, or $1.57 a share, in the period last year...
New York Times - April 30, 2008
Confidence Falls as Home Prices Decline
Americans? confidence in the economy plunged again this month, and their homes lost value at the fastest rate in two decades, according to two reports released on Tuesday...
New York Times - April 30, 2008
Race Is on to Advance Software for Chips
Three rival teams of computer researchers are working on new types of software needed to better use computer chips that can process many tasks at the same time...
New York Times - April 30, 2008
Jury in Wiretap Case Told That Defendant Is a ?Thug?
Prosecutors told jurors that Anthony Pellicano was a ?very well-paid thug? who used wiretaps and crooked police officers to dig up dirt for his celebrity clients...
New York Times - April 30, 2008
Foreign DVD Sales Bolster DreamWorks? Profit
Foreign DVD sales of ?Shrek the Third? were stronger than anticipated, helping DreamWorks report a 69 percent increase in quarterly profit...
New York Times - April 30, 2008
Advertising: Telling the Heavyweights They Have to Be Agile
As the advertising industry confronts profound changes in media and technology, agency leaders were given a dose of tough love at their annual conference...
New York Times - April 30, 2008
Drug From Genentech and Biogen Fails as a Lupus Treatment
The companies said that their drug Rituxan did not achieve any of seven measures of effectiveness in a late-stage patient trial...
New York Times - April 30, 2008
Square Feet: With Books as a Catalyst, Minneapolis Neighborhood Revives
Three nonprofit groups opened Open Book, a literary and arts center, in May 2000, and a neighborhood renaissance flowered...
New York Times - April 30, 2008
Square Feet: Pushcarts Give Way to High-End, High-Rent Boutiques
On Manhattan?s Lower East Side, rent increases of 40 percent are common as long leases end and buildings change ownership after years in the same family...
New York Times - April 30, 2008
Countrywide Says It Lost $893 Million in Quarter
It was the third consecutive quarterly loss for the nation?s largest mortgage lender and servicer...
New York Times - April 30, 2008
Television Segment Helps CBS Beat Forecast
CBS said its television profit rose 15 percent, to $402 million, in part because of lower production costs during the strike by the Writers Guild of America...
New York Times - April 30, 2008
The Road to a Jumbo Mortgage Was Supposed to Get Easier
The effort to make it easier to get loans over $417,000 has yielded frustration, with many saying the loans are not available or the rates are far higher than they expected...
New York Times - April 30, 2008
A New Wave of Vilifying Short Sellers
Short sellers are drawing fire once again, being accused of spreading rumors, persecuting companies and unsettling entire economies...
New York Times - April 30, 2008
G.M. Loses $3.3 Billion in First Quarter
The automaker?s growth was dragged down by a strike at a supplier and weak sales in the United States...
New York Times - April 30, 2008
DealBook: Is Buffett Eyeing American Express?
Ever since Warren E. Buffett said at Berkshire Hathaway's annual meeting last May that he would consider a deal as large as $60 billion, industry observers have been speculating on just what kind of acquisition the famed investor may have in mind. Now that speculation is again heating up after American Express investors approved a measure [...]...
New York Times - April 30, 2008
After Troubled Tour, Torch in China
The Olympic torch returned to China in preparation for its first relay on Chinese soil after a stormy global tour...
New York Times - April 30, 2008
Time Warner Spinning Off Cable Unit
Time Warner, the media giant, said that it planned to spin off its cable services division completely, as the company moves to restructure itself...
New York Times - April 30, 2008
CSI star accused over 'drug find'
CSI star Gary Dourdan is arrested for allegedly possessing cocaine, heroin and other drugs, police say...
BBC News - April 30, 2008
Mexicans seal gang war hospital
Mexican troops close off a Tijuana hospital to protect suspected drug traffickers wounded in gang warfare...
BBC News - April 30, 2008
And Now, Foie Gras for People on the Go
Luxury dining at airports used to be available only to travelers with elite frequent-flier status. But not anymore...
New York Times - April 30, 2008
The Right Card Can Whisk You Through Security
For the 93,000 Americans or permanent residents who have completed the registration process, the Registered Traveler program has made travel more predictable...
New York Times - April 30, 2008
Go-To Gadgets
Traveling on business these days means having the right information at the right time, packing light, saving money when possible and trying to enjoy at least part of the trip. While the latest technological gadgets and services cannot promise to deliver the deal, they can help make the trip more bearable, a bit more affordable and perhaps even fun...
New York Times - April 30, 2008
A Cure-All for Jet Lag? Try Caffeine and Naps
Shifting your sleep cycle is tricky when traveling, and it?s just as easy to get it wrong as it is to get it right...
New York Times - April 30, 2008
A Checked Bag, the Wise Say, Is Bound to Stray
For many business travelers, holding on to your bag far outweighs the drawbacks of packing light...
New York Times - April 30, 2008
Private Jets Are Flying Higher
Defying the sagging economy, the business-jet market is performing better than ever, in part because some customers want to avoid airports at all costs...
New York Times - April 30, 2008
Putting the Rental Cars Farther Out to Cut Congestion
Over the last decade, airports have tried to alleviate traffic congestion by consolidating rental-car companies into remote sites served by buses or people movers...
New York Times - April 30, 2008
Easing the Pain at Airports
While airlines have cut back even on normal services, some airports are trying to make life easier for travelers...
New York Times - April 30, 2008
Meeting on the Right Side of the Brain
Meant to stimulate the right half of the brain, which has been linked to creativity, vanguard hotels are offering meeting spaces that look more like lounges than boardrooms...
New York Times - April 30, 2008
The Deluxe Chains Want to Be Chic, Too
Deluxe hotel chains are seeking the loyalty of younger and more mobile customers, whose appetite for sophistication is equaled by a need for efficiency...
New York Times - April 30, 2008
China Sends 30 to Prison in Tibet Riots
The sentences are the first punishments meted out to those accused of taking part in last month?s riots...
New York Times - April 30, 2008
Barricades of May ?68 Still Divide the French
Forty years ago, French students demanded that the system change. Today, French students, worried about losing state benefits, are demanding that nothing change at all...
New York Times - April 30, 2008
City Room: Life Lessons From Mayor Bloomberg
The mayor is writing a new book, about the rules for success in business and politics. He will donate the royalties to the World Trade Center memorial...
New York Times - April 30, 2008
Bits: The $199 iPhone? Something?s Missing
A report says AT&T will subsidize the new iPhone model to sell it for $199. What it doesn?t say is whether monthly data fees will rise at the same time...
New York Times - April 30, 2008
Against Odds, New Orleans Schools Fight Back
There is still disorder in many classrooms in New Orleans, but there is also learning going on, amid the struggle...
New York Times - April 30, 2008
Some Athletes? Genes Help Outwit Doping Test
A study showed that large numbers of men show false negatives in screens testing for doping with testosterone...
New York Times - April 30, 2008
Port Authority Liable in 1993 Trade Center Attack
An appeals court upheld a jury?s verdict that the agency was liable for the attack and as a result could be forced to pay damages...
New York Times - April 30, 2008
Traffic Money for N.Y. May Benefit Other Cities
After New York?s plan collapsed, Los Angeles and Chicago have been chosen to receive a total of about $366 million from the government for projects to reduce traffic congestion...
New York Times - April 30, 2008
Federal Money in Health Care Plan From McCain
The senator called for the federal government to give money to states to help cover people who have been denied health insurance...
New York Times - April 30, 2008
Bush Says Pain From Economy Defies Easy Fix
President Bush accused the Democratic-controlled Congress of being uncooperative on bills that would address pocketbook issues...
New York Times - April 30, 2008
Spirited Apart by Their Quests
Arielle Martin left home to train for the BMX racing event in the Beijing Olympics on the same day that her husband was deployed to Afghanistan...
New York Times - April 30, 2008
Shortages Threaten Farmers? Key Tool: Fertilizer
Population growth, shrinking world grain stocks and a growing appetite for meat, particularly in the developing world, has collided with a shortage of fertilizer...
New York Times - April 30, 2008
Obama?s Break With Ex-Pastor Sets Sharp Shift in Tone
A week before two key primaries, the controversy surrounding his ex-pastor again erupted into a threat to Barack Obama?s ability to show that he could unify the Democratic Party...
New York Times - April 30, 2008
Viewpoint: The dubious 'popular vote'
Larry J Sabato, professor of politics at the University of Virginia, takes a close look at Hillary Clinton's arguments that she deserves the Democratic Party's presidential nomination...
BBC News - April 30, 2008
Colombian 'drug lord killed'
Colombian police say they have killed one of the country's most notorious criminals, Miguel Angel Mejia...
BBC News - April 30, 2008
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