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US News Archive for March 2008:
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Bush Urges Action on Corn Price Rises Fueled by Ethanol
President Bush said that the drive toward ethanol production was also driving up the cost of corn and other foods, a problem he said needed to be addressed...
New York Times - March 5, 2008
Ambac Plan Disappoints Investors
The bond insurer announced plans to sell $1.5 billion of common stock and equity units to shore up its capital base. Investors had been expecting a bigger bank-led bailout plan...
New York Times - March 5, 2008
Stocks Fluctuate After Fed Data
Wall Street was mixed as investors sorted through a downbeat Federal Reserve assessment of the economy and were also disappointed by a plan to bail out Ambac...
New York Times - March 5, 2008
Fidelity Settles With S.E.C. in Inquiry on Gifts
The world?s biggest mutual fund firm agreed Wednesday to pay $8 million to settle charges that its executives improperly accepted more than $1.6 million in gifts...
New York Times - March 5, 2008
The Lede: Questions on Grand Canyon ?Blow Out?
Fanfare was somewhat dampened by criticism from park officials and a watchdog group...
New York Times - March 5, 2008
City Room: ?Call 311? to Help the Homeless
In a new campaign, the city will now return phone calls to New Yorkers who have made reports via 311 calls on homeless individuals to update them on the status of the person...
New York Times - March 5, 2008
The Moment: Paris Fashion Week Catch-Up
Get up to date on Paris Fashion Week with a summary of Suzy Menkes's fashion criticism...
New York Times - March 5, 2008
Signs of China Origin in Blood Thinner Case
Baxter International found a contaminant in the recalled drug heparin that might explain hundreds of side effects...
New York Times - March 5, 2008
Fed Report Notes Slowing Growth
The central bank presented a snapshot of an economy that is gradually slowing, weighed down by creeping inflation pressures and a more hesitant consumer...
New York Times - March 5, 2008
Gazprom Settles With Ukraine, for Now
Gazprom said it would resume full supplies of gas to Ukraine and Naftogaz, the Ukrainian national energy company, said it would settle a $600 million debt...
New York Times - March 5, 2008
Advisers for Clinton Plan the Endgame
Hillary Rodham Clinton?s campaign now believes she can win the support of superdelegates after a Pennsylvania victory...
New York Times - March 5, 2008
Obama Moves to Sharpen His Critique of Clinton
Barack Obama plans to challenge Hillary Rodham Clinton?s contention that she has been more thoroughly scrutinized...
New York Times - March 5, 2008
McCain Wins Bush Endorsement
John McCain was greeted at the White House as the new standard bearer of a Republican Party he has sometimes battled...
New York Times - March 5, 2008
Ex-US sailor convicted of spying
A former US navy sailor is convicted of spying and supplying al-Qaeda supporters with information on ship movements...
BBC News - March 5, 2008
US election at-a-glance: 5 Mar
A day-by-day guide to the 2008 US presidential election, in words and pictures...
BBC News - March 5, 2008
Costco Quarterly Profit Up 31%
The company said second-quarter net income grew to $327.9 million, up from a year-ago period that was hurt by multiple charges. Sales increased 12 percent...
New York Times - March 5, 2008
Profit Soars at BJ?s Wholesale
BJ?s said that strong January sales, favorable profit margins and lower-than-expected expenses lifted its fourth-quarter net income to $50.2 million, up fourfold from a year ago...
New York Times - March 5, 2008
Credit Agricole Posts Loss on Write-Downs
The bank said it lost $1.3 billion in the fourth quarter, compared with a profit of $1.61 billion a year ago. It cited $5 billion in write-downs at its investment bank Calyon...
New York Times - March 5, 2008
Saks Profit Surges
The company reported Wednesday that its fourth-quarter profit almost doubled, helped by solid sales, cost controls and one-time gains...
New York Times - March 5, 2008
Unexpected Drop in Private-Sector Jobs Reported
U.S. private employers cut 23,000 jobs in February, the biggest drop since April 2003, the ADP Employer Service reported...
New York Times - March 5, 2008
Service Sector Report Lifts Stocks
Stocks posted sizable gains after a stronger-than-expected reading on the health of the service sector calmed some investors? fears about the frailty of the economy...
New York Times - March 5, 2008
McCain Set to Win Bush Endorsement
John McCain went to the White House on to receive the blessing of a man with whom he once feuded bitterly, President Bush...
New York Times - March 5, 2008
Signs of China Origin in Heparin Case
Baxter International Inc. has found signs of a possible contaminant in the recalled blood thinner heparin that caused hundreds of serious side effects...
New York Times - March 5, 2008
The Lede: Garrison Keillor, Bad Neighbor?
The folksy humorist decides to end of an ugly feud that cast him as unneighborly...
New York Times - March 5, 2008
Well: Using Dogs to Sniff Out Bedbugs
One firm uses canine detectives to sniff out bedbug infestations...
New York Times - March 5, 2008
Dot Earth: Media Coverage of Global Warming
Can mainstream media effectively cover global warming? Does it matter?...
New York Times - March 5, 2008
City Room: A Ferry?s Rebirth on Governors Island
After 57 years of maritime service between Woods Hole, Mass., and Vineyard Haven on Martha?s Vineyard, the Islander is now at Governors Island, where it is to begin a second life...
New York Times - March 5, 2008
Oil Hits $104 as OPEC Rebuffs Bush
Oil prices reached a new record as OPEC refused to increase its production, blaming speculators and mismanagement of the U.S. economy for high prices...
New York Times - March 5, 2008
Venezuela Adds Forces at Colombia Border
In a mounting diplomatic crisis, Venezuela?s Hugo Chávez has called Colombia the ?Israel of Latin America.?...
New York Times - March 5, 2008
Yahoo Seeks Way to Block Microsoft
In a move that could delay a proxy contest, Yahoo said it was extending the deadline for nominating directors...
New York Times - March 5, 2008
Factory Orders Fall in Sign of Chill
U.S. factories saw demand for their products drop sharply in January, the government said. Another report showed the service sector continuing to contract, but by less than economists expected...
New York Times - March 5, 2008
More F.B.I. Privacy Breaches Reported
The F.B.I. improperly used national security letters in 2006 to obtain personal data on Americans during terror and spy investigations, Director Robert Mueller said Wednesday...
New York Times - March 5, 2008
After Big Wins, Clinton Sees Race Shifting Her Way
Fresh from three primary triumphs, Senator Hillary Rodham Clinton was in high spirits as she outlined the case she is expected to make in the coming weeks...
New York Times - March 5, 2008
Rice and Abbas Say Talks to Resume
The Palestinian president said that he was returning to the suspended peace talks but was noncommittal about the timing...
New York Times - March 5, 2008
Yahoo seeks time to stall buy-out
Yahoo extends an deadline to give it time to find an alternative to Microsoft's unsolicited buy-out...
BBC News - March 5, 2008
US service industry shrinks again
The US service sector contracted less than expected in February, a survey has suggested...
BBC News - March 5, 2008
Dungeons & Dragons creator dies
Gary Gygax, co-creator of fantasy game Dungeons and Dragons, dies in the US at the age of 69...
BBC News - March 5, 2008
Kucinich sees off rival Democrats
Ex-presidential hopeful Dennis Kucinich wins a congressional primary, defeating Democratic rivals for his Ohio seat...
BBC News - March 5, 2008
US warning on India nuclear deal
A top US diplomat says "time is tight" for India to finalise a civilian nuclear deal with Washington...
BBC News - March 5, 2008
Easily Overlooked Lesions Tied to Colon Cancer, Study Finds
A type of growth that is more common in the U.S. than previously thought is much more dangerous than polyps and is harder to find, researchers say...
New York Times - March 5, 2008
Colombia Is Flashpoint in Chávez?s Feud With U.S.
A three-country dispute highlights the fact that Colombia is increasingly seen in Venezuela as an American proxy...
New York Times - March 5, 2008
Abbas Says Truce Must Precede Talks
Mahmoud Abbas, the Palestinian president, said he would not resume peace talks until Israel reaches a truce in the Hamas-controlled Gaza Strip...
New York Times - March 5, 2008
Big Wins for Clinton in Texas and Ohio; McCain Is In as G.O.P. Choice
Hillary Rodham Clinton?s victories over Barack Obama in Ohio and Texas gave her a chance to soldier on. John McCain claimed the G.O.P. nomination...
New York Times - March 5, 2008
Partygaming seeks US resolution
Partygaming talks to US authorities over bets it took before legislation in 2006 wiped out its American trade...
BBC News - March 5, 2008
Gangland memoir exposed as fake
A memoir by a woman who claimed she was raised in poverty in Los Angeles is exposed as a lie...
BBC News - March 5, 2008
White working class men the key
A key battleground for the Democratic presidential nomination has become white working class men, Steve Schifferes finds...
BBC News - March 5, 2008
Dealbook: The Refrain That Follows Bronfman
A trail of deals done, and a deal with EMI that was not done...
New York Times - March 5, 2008
World Business Briefs | Asia: HSBC Purchase of Stake in Korea Exchange Bank Is Approved in South Korea
The $6.3 billion purchase by HSBC Holdings of a stake in Korea Exchange Bank will not hinder market competition, the Fair Trade Commission said...
New York Times - March 5, 2008
Europe: Switzerland: Adecco?s Profit Falls
Adecco, a temporary-employment company, said fourth-quarter profit fell 29 percent as hiring slowed in the United States...
New York Times - March 5, 2008
Europe: Norway: Oil Group Buys Assets
The Norwegian oil group StatoilHydro agreed to buy stakes in projects in Brazil and the Gulf of Mexico from the Anadarko Petroleum Corporation for up to $2.1 billion...
New York Times - March 5, 2008
Europe: Britain: BP Adds to Claims Fund
BP, the oil company, increased the amount of money it has set aside to settle claims from the deadly 2005 Texas City, Tex., refinery explosion by almost a third, to $2.1 billion...
New York Times - March 5, 2008
Economic Scene: Unemployed, and Skewing the Picture
When the latest monthly employment report comes out this week, politicians will be quick to point out that joblessness remains low by historical standards, but the figures can be misleading...
New York Times - March 5, 2008
Asia: Companies Cut Spending in Japan
Japanese companies cut spending on plant and equipment by 7.7 percent in the fourth quarter compared with the period a year earlier, below the median forecast for a 2.0 percent drop...
New York Times - March 5, 2008
Americas: Bank of Montreal?s Earnings Drop
Bank of Montreal?s first-quarter profit fell 27 percent, hurt by write-downs related to the capital markets and higher provisions for bad loans...
New York Times - March 5, 2008
Europe: In Germany, Porsche Doubles Profit
Porsche, the sports car maker, said its net income in the first half of its fiscal year nearly doubled, helped by a bigger stake in Volkswagen and better sales of cars...
New York Times - March 5, 2008
Morgan Stanley Retreating From Railyards Development
Morgan Stanley had partnered Tishman Speyer Properties to build a 3-million-square-foot financial complex at the west side rail yards site, and had planned to finance the entire project...
New York Times - March 5, 2008
Interest Rates in Australia Are Raised to a 12-Year High
Australia?s central bank raised interest rates to a 12-year high in another attempt to contain inflationary pressures in an economy fueled by China?s hunger for resources...
New York Times - March 5, 2008
Study Says Gifts of Stock Precede Sharp Price Dips
A study cross-referencing stock prices and gifts of stock by corporate executives raised suspicions that many transactions may have been backdated to maximize tax benefits to the donors...
New York Times - March 5, 2008
China Plans Steep Increase in Military Spending
Sustained increases in its annual defense outlays put China on track to become a major military power...
New York Times - March 5, 2008
Kosovo Builds Economy From the Ground Up
Superficial signs of economic success mask the harsh uncertainties of a newborn nation, whose very existence is not recognized by Serbia, Russia or some European countries...
New York Times - March 5, 2008
China to Focus on Reducing Inflation, Prime Minister Says
Prime Minister Wen Jiabao?s emphasis on inflation reflects public anxiety over rising domestic prices for food and other items, as inflation hit an 11-year high of 7.1 percent in January...
New York Times - March 5, 2008
Beef Giant Buys Assets in the U.S. and Australia
JBS S.A., the world?s biggest beef producer, agreed to pay $1.27 billion in cash and stock for assets in the United States and Australia, including the beef unit of the pork producer Smithfield Foods...
New York Times - March 5, 2008
Credit Rating Cut for Sallie Mae
The SLM Corporation, the educational lender known as Sallie Mae, had its long-term credit ratings cut by Moody?s Investors Service to two levels above junk...
New York Times - March 5, 2008
Ex-Broadcom Executive Settles in Stock Option Case
A former executive at Broadcom will pay $1.4 million to settle claims she participated in a scheme to backdate stock options at the chip maker...
New York Times - March 5, 2008
Canada?s Central Bank Cuts Overnight Rate a Half-Point
The Bank of Canada said that reducing its benchmark lending rate to 3.5 percent was necessary because of the increasing weakness of the United States economy...
New York Times - March 5, 2008
Stocks & Bonds: A Plunge, a Recovery and Mixed Results
Wall Street recuperated from a sharp plunge to close mixed on Tuesday on upbeat comments from Cisco Systems and reports that a bond insurer rescue plan was progressing...
New York Times - March 5, 2008
Staples Cuts Its Forecast
While Staples Inc., the office products supplier, seems to be weathering the economic downturn better than its rival Office Depot, the company said Tuesday that it saw no quick turnaround from sagging customer demand...
New York Times - March 5, 2008
Boeing to Get Explanation of Why It Lost Tanker Deal
Boeing will get an expedited briefing from the Air Force to explain why a $40 billion aerial refueling tanker contract was awarded to a rival...
New York Times - March 5, 2008
G.M. to Shut 7th Plant After Strike at Supplier
The General Motors Corporation said that it would close a seventh plant next week because of a strike against a supplier, American Axle and Manufacturing...
New York Times - March 5, 2008
Packed Powder as a Corporate Amenity
Some sport-related companies have their eyes on Ogden, Utah, a former manufacturing town that is emerging from hard times as a center of skiing and other outdoor sports...
New York Times - March 5, 2008
Once Polluted, Now Profitable for New Jersey Builders
Developers seem to be taking a second look at ?brownfields,? which are heavily polluted sites ranging from derelict factories to municipal dumps...
New York Times - March 5, 2008
A.M.D. Cuts Time Needed to Shift Production Method
Advanced Micro Devices said that it was closing a technology gap with its rival Intel, cutting about in half the time required to move to a new manufacturing process...
New York Times - March 5, 2008
F.C.C. Investigates Blackout of ?60 Minutes? in Alabama
The blackout occurred on WHNT-TV in Huntsville, Ala., during a segment on the state?s imprisoned former governor that suggested he had been the victim of a Republican conspiracy...
New York Times - March 5, 2008
Countrywide Is Sued Again by U.S. Overseer
The United States Trustee has filed a second lawsuit against the mortgage lender Countrywide Financial, accusing the company of abusing the bankruptcy process...
New York Times - March 5, 2008
Germany?s Hesitance Slows Technology Cooperation With France
Germany?s wariness of forming a new partnership is just one of the challenges facing Europe as it seeks to compete in technology with market leaders from the United States and Asia...
New York Times - March 5, 2008
Advertising: A 1950s Brand Mascot Fights 21st-Century Indigestion
A marketer is plop-plopping a vintage brand character back into ads, hoping to generate some fizz-fizz among a new generation of consumers...
New York Times - March 5, 2008
European Commission Moves to Broaden the Attack on Tax Havens
Jolted by a tax dispute with Liechtenstein, European countries took steps Tuesday toward clamping down on tax havens...
New York Times - March 5, 2008
Yahoo Looks at New Way to Survive
As it scrambles to avoid defeat in its battle with Microsoft, Yahoo may try to seek more time to find other partners or persuade Microsoft to raise its offer...
New York Times - March 5, 2008
Hollywood on Edge of Its Seats as Wiretapping Trial Is Set to Start
The case of Anthony Pellicano, the onetime sleuth-to-the-stars who is accused of eavesdropping, has a D-list of no-name defendants but big names may be called to testify...
New York Times - March 5, 2008
Filings for Bankruptcy Up 18% in February
Americans filed for bankruptcy in growing numbers in February, buckling under the combined weight of rising energy prices, a weakening housing market and high personal debts...
New York Times - March 5, 2008
Facebook Hires a Google Executive as No. 2
A Google executive, Sheryl Sandberg, will join Facebook later this month as chief operating officer and will work closely with Mark Zuckerberg, Facebook?s co-founder...
New York Times - March 5, 2008
Back in the Game
After a long malaise, CNN is finally getting its swagger back, in large part from high ratings from this year?s presidential race...
New York Times - March 5, 2008
Market Place: Assurances From Citigroup, but Skepticism on Wall Street
Investors and analysts have urged a breakup of Citigroup, saying the company has become too unwieldy to be managed effectively...
New York Times - March 5, 2008
Dot Earth: Population and Climate Questions
Climate change not a crisis, say foes of emissions cuts. China denies plans to boost family size, sort of...
New York Times - March 5, 2008
The Lede: F.C.C. Asks Station to Explain Blackout
A Democrat on the F.C.C. says the commission "needs to get to the bottom of this."...
New York Times - March 5, 2008
City Room: City?s Homeless Population Down
An annual count of the homeless found 12 percent fewer people living on New York streets (and subways) compared to last year, the mayor said...
New York Times - March 5, 2008
Yes, MSG, the Secret Behind the Savor
If you live in the United States and like spicy tuna rolls, Puerto Rican roast pork or Thai noodles, there is a good chance you are eating, and enjoying, MSG...
New York Times - March 5, 2008
Gazprom Feud With Ukraine Heats Up
For the second time this week, Gazprom reduced the flow of natural gas to Ukraine as negotiations unraveled over the price and terms of transit for natural gas...
New York Times - March 5, 2008
Era Ends in N. Ireland as Paisley Says He?ll Retire
The Rev. Ian Paisley said he would quit in May as first minister of the 10-month-old coalition government and as leader of the Democratic Unionists...
New York Times - March 5, 2008
TV Decoder: The Mike Huckabee Show?
How does "The Mike Huckabee Show" sound? As Mr. Huckabee's campaign plotted a concession speech on Tuesday, some analysts suggested that viewers would see the longshot Republican presidential candidate on television again very soon. On the MSNBC program "Morning Joe," the Republican strategist Mike Murphy predicted Mr. Huckabee would "suspend his campaign, hire excellent agents, [...]...
New York Times - March 5, 2008
Colombia a Flashpoint in Chávez Feud With U.S.
Colombia and its policies are increasingly viewed in Venezuela as American proxies...
New York Times - March 5, 2008
Next Question: Can Students Be Paid to Excel?
Many schools in New York City are experimenting with monetary incentives to promote learning...
New York Times - March 5, 2008
Abbas Rebuffs Call by Rice to Return to Talks
U.S. officials say that Palestinian President Mahmoud Abbas is allowing Hamas to hijack the peace process...
New York Times - March 5, 2008
Packers? Quarterback Favre to Retire From N.F.L.
In his 17 seasons, Brett Favre earned three M.V.P. awards, a bevy of records and a reputation as a crowd-pleaser...
New York Times - March 5, 2008
Big Wins for Clinton in Texas and Ohio; McCain Clinches Race as Foe Concedes
Hillary Rodham Clinton?s victories over Barack Obama in Ohio and Texas gave her a chance to soldier on. John McCain claimed the G.O.P. nomination...
New York Times - March 5, 2008
News Analysis: In 2 Battlegrounds, Voters Say, Not Yet
In spite of Barack Obama?s delegate lead, Hillary Rodham Clinton showed that she could still win in the big states...
New York Times - March 5, 2008
The Caucus: Live Blogging the Results
Mrs. Clinton is scheduled to do a victory lap of sorts on six morning news shows tomorrow...
New York Times - March 5, 2008
Step by Step, Bush and Fed Move on Mortgage Rescue
The Bush administration and the Federal Reserve are inching closer toward a government rescue of distressed homeowners and mortgage lenders...
New York Times - March 5, 2008
Colonoscopy Study Finds a Growth More Dangerous Than Polyps
An easily overlooked type of abnormality in the colon is the most likely type to turn cancerous, researchers are reporting...
New York Times - March 5, 2008
NFL passing great Favre retires
Record-breaking quarterback Brett Favre retires from the NFL after 17 seasons...
BBC News - March 5, 2008
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