News 2008-06-30 Andanh.com

The Food Chain: Hoarding Nations Drive Food Costs Ever Higher Mon, 30 Jun 2008 14:34:17 GMT
Rice is prepared for export in Bangkok, above, and processed at a Thai mill. Thailand, Brazil, Canada and the United States are among the few nations still exporting large quantities of food.

Black Caucus Takes Aim at Menthol Mon, 30 Jun 2008 18:15:38 GMT
The Congressional Black Caucus is calling for changes to a tobacco-regulation bill, demanding that the legislation place restrictions on menthol cigarettes, the type heavily favored by African-American smokers.

Floods Reduce Expectations for Corn Crop Mon, 30 Jun 2008 17:17:17 GMT
Farmers will harvest nearly 9 percent fewer acres of corn this year than last year, in part because of Midwest flooding, the government reported Monday.

Solution, or Mess? A Milk Jug for a Green Earth Mon, 30 Jun 2008 14:04:16 GMT
Amy Wise, of Ohio, said the gallon jug spilled milk everywhere.

Alzheimer’s Drug Fails Clinical Trial Mon, 30 Jun 2008 17:24:17 GMT
Flurizan, a drug developed by Myriad Genetics to treat Alzheimer’s disease, failed in a closely watched late-stage clinical trial, dealing another blow to efforts to combat the illness.

Bits: Yahoo Makes New Pitch to Shareholders as Stock Drops Further Mon, 30 Jun 2008 18:33:22 GMT
Yahoo once again makes the case to shareholders that its existing directors are better equipped to lead the company forward than an alternate slate proposed by Carl Icahn.

Another EADS Executive Taken Into Custody Mon, 30 Jun 2008 17:55:55 GMT
A former president of Airbus, Gustav Humbert, was taken into custody Monday by financial investigators in Paris in connection with an insider trading inquiry.

Energy Sector Leads Stocks Up as Oil Hits Record Mon, 30 Jun 2008 17:59:17 GMT
The Dow rose as oil prices lifted energy shares on the final trading day of the month and the second quarter, offsetting a financial sector sell-off on fears of further credit losses.

Oil Prices Hit $143 Before Falling Back Mon, 30 Jun 2008 17:50:27 GMT
Supply concerns and a fragile global economy, as well as tensions in the Middle East, continued to drive the price of oil to new highs, while gasoline prices also hit a record in the United States.

Midwest Business Activity Remained Weak in June Mon, 30 Jun 2008 17:07:17 GMT
Business activity in the Midwest contracted for a fifth consecutive month but at a less severe rate, as production and new orders both slipped, a report showed Monday.

H&R Block Swings to Profit Mon, 30 Jun 2008 16:40:24 GMT
A record-setting tax season and the sale of its troubled mortgage arm helped the tax preparer, which offered an earnings outlook for 2009 that beat Wall Street expectations.

France Télécom Moves on After TeliaSonera Mon, 30 Jun 2008 17:03:18 GMT
France Télécom that it would turn its attention to acquiring smaller companies in Africa, Asia and the Middle East after dropping its $42 billion offer for TeliaSonera.

EBay Ordered to Pay Damages in Sale of Fake Goods Mon, 30 Jun 2008 18:12:53 GMT
A French court ordered eBay to pay $61 million to LVMH in an ongoing legal fight over the sale of counterfeit goods.

U.S. Advised Iraqi Ministry on Oil Deals Mon, 30 Jun 2008 07:30:27 GMT
The disclosure, on the eve of the contracts’ announcement, is the first confirmation of direct American involvement in deals to open Iraq’s oil to commercial development.

Advertising: Google and Creator of ‘Family Guy’ Strike a Deal Mon, 30 Jun 2008 13:19:43 GMT
Seth MacFarlane, the 34-year-old creator of “Family Guy.”

Don’t Forget the Middle People Mon, 30 Jun 2008 05:56:02 GMT
Members and supporters of the Screen Actors Guild are calling for better terms than another actors’ union is seeking.

Intel’s Dominance Is Challenged by a Low-Power Upstart Mon, 30 Jun 2008 04:36:11 GMT
Intel hopes its tiny new Atom chip will fend off a British rival.

Siemens Is Said to Be Preparing to Cut More Than 17,000 Jobs Mon, 30 Jun 2008 04:15:19 GMT
Siemens, the German engineering and electronics company, plans to cut 17,200 mostly white-collar jobs, a person close to the company said on Sunday.

Need Press? Repeat: ‘Green,’ ‘Sex,’ ‘Cancer,’ ‘Secret,’ ‘Fat’ Mon, 30 Jun 2008 04:29:20 GMT
A group told the news media that shower curtains were toxic. And it posed a woman and child next to one.

In China, Jeers and Cheers for ‘Kung Fu Panda’ Mon, 30 Jun 2008 04:29:55 GMT
Po, a panda turned kung fu master, is a box-office hit in China.

Media Talk: ‘Love Guru,’ Panned in U.S., Heads to India Mon, 30 Jun 2008 04:31:53 GMT
"The Love Guru" has drawn sharp criticism from some Hindus.

A Movie on Your TV at Home, Before You Can Rent It Mon, 30 Jun 2008 07:21:34 GMT
Will Smith stars in "Hancock," which Sony will offer for viewing on some of its home televisions.

AT&T Making a Move Mon, 30 Jun 2008 04:16:22 GMT
AT&T said Friday it is moving its corporate headquarters to Dallas from San Antonio for easier access to customers and operations around the world.

Drilling Down: Overindulgence in Small Packages Mon, 30 Jun 2008 07:32:05 GMT
While food companies have reduced portion sizes to respond to concerns about overeating, a new study shows that small packages can also lead to over-consumption.

New Board Member Reflects Global Influence on Goldman Mon, 30 Jun 2008 04:32:31 GMT
Lakshmi N. Mittal joined the board of Goldman Sachs as an independent director, a move that underscores the growing importance of the developing world for Wall Street’s behemoths.

A Digital Music Store That Sells More Than Just MP3s Mon, 30 Jun 2008 04:32:59 GMT
Hot Topic, a chain of stores that sells clothing and accessories inspired by music and pop culture, plans to start a digital music store called ShockHound.

Group Suggests an Exchange to Trade Internet Capacity Mon, 30 Jun 2008 04:31:06 GMT
There are exchanges where you can buy and sell stocks, pork bellies, wine and even pollution allowances. Why not an exchange for the trading of digital bits and bytes?

Online Encyclopedia Gets New Push From Discovery Mon, 30 Jun 2008 04:28:24 GMT
Last fall Discovery spent $250 million buying the United States portion of HowStuffWorks; now it is striving to make the site more appealing to users and advertisers.

The TV Watch: Meet the New ‘Press,’ Without Wriggling Guests Mon, 30 Jun 2008 11:08:35 GMT
Tom Brokaw, the former “Nightly News” anchor, made a point of breaking with the past as the temporary host for “Meet the Press.”

From Trash to Auction, Faster Than a Speeding ...Well, You Know Mon, 30 Jun 2008 04:03:29 GMT
An original page from “The Killing Joke,” from a 1988 Batman story, sold for just over $31,000.

Online Tunes, in Service to Africa Mon, 30 Jun 2008 04:10:59 GMT
(RED), a nonprofit organization that arranges for companies to contribute a share of profits on certain products to fight AIDS in Africa, is starting a digital music service for that purpose.

The Media Equation: Little Movies, Big Problems Mon, 30 Jun 2008 04:12:50 GMT
Once you start looking under the tent poles, perhaps for a film where nothing is blown up, movie box office numbers become grim.

Bits: ‘Wall-E’: An Homage to Mr. Jobs Mon, 30 Jun 2008 18:18:19 GMT
“Wall-E,” the Pixar movie, is chock full of references to Apple products. Perhaps that’s because Steven P. Jobs, the chief executive of Apple, used to own Pixar.

Yahoo’s New Pitch to Shareholders Mon, 30 Jun 2008 18:31:34 +0000
From our colleagues at Bits: In a new pitch to shareholders on Monday, Yahoo insisted that its current board is better prepared to lead the company than an alternate slate proposed by Carl Icahn, the billionaire investor who is leading a proxy fight to take control. Yahoo’s pitch, made in a press release and investor presentation filed [...]

What’s Next for Viacom and CBS? Mon, 30 Jun 2008 17:17:43 +0000
Sumner Redstone, the octogenarian billionaire, has watched the value of his Viacom media empire sink since he decided to spin off CBS in 2006. The break-up was supposed to create value, but it appears to have had the opposite effect. Adding CBS’s recent share price of $20 to Viacom’s $31 share price yields an old [...]

Jeffrey Epstein’s Other Headache Mon, 30 Jun 2008 15:52:04 +0000
Jeffrey Epstein, an intensely private money manager with billionaire clients, has been caught up in a highly public scandal involving massages with teenage girls. Now, Mr. Epstein’s name is back in the public eye, this time in connection with a debacle on Wall Street. The New York Post reported Monday that he was the “Major Investor [...]

Hicks and Blackstone Strike a Spac Deal Mon, 30 Jun 2008 15:25:12 +0000
Thomas O. Hicks and the Blackstone Group, two big names in the leveraged buyout business, have struck a deal — and it involves the trendy investment vehicles known as Spacs. The asset in question, a plastic container company called Graham Packaging Holdings, is not the flashiest of businesses, but the transaction is notable because it will [...]

As Oil Rises, More Speculating About Speculators Mon, 30 Jun 2008 14:25:43 +0000
Oil prices hit yet another record Monday, a move that is likely to throw more fuel on the already raging debate about whom to blame for the surge. Some people, including many on Capitol Hill, point the finger at market speculators, who they say are creating a bubble that has nothing to do with actual [...]

What Really Killed Bear Stearns? Mon, 30 Jun 2008 12:30:34 +0000
Did Bear Stearns melt down — or was it murdered? That is one of the big questions that Bryan Burrough, who co-wrote the best-selling 1990 book “Barbarians at the Gate,” tries to answer in a lengthy article in the August Vanity Fair magazine. Mr. Burrough spoke with many Bear executives and board members who described in [...]

Lazard Adds Three to Middle Market Team Mon, 30 Jun 2008 12:29:45 +0000
Lazard said Monday that it has hired three investment bankers for its middle-market unit, as it seeks to expand upon the business it created by buying Goldsmith Agio Helms last year. The investment bank said it has hired Robert Frost, a mergers and acquisitions banker from Piper Jaffray; Andrew Samett, a former restructuring banker from Bear [...]

UBS Says ‘No Major Business’ For Sale Mon, 30 Jun 2008 12:25:36 +0000
UBS, responding to a Reuters report that it might consider putting its Paine Webber business on the block, said “no major business is for sale.” The statement, from a spokesman for the Swiss financial firm, came after Reuters said UBS is considering a sale of its Paine Webber business as part of a companywide review. The [...]

Citi Said to Plan New Bonus System Mon, 30 Jun 2008 12:01:10 +0000
As Citigroup tries to rebuild itself from the wreckage of the credit crunch, it is rethinking how it rewards its executives. The banking giant is planning on overhauling its bonus system, encouraging executives to focus more on how to best unite its sprawling investment banking, commercial banking and wealth management units, The Financial Times reported Monday. The [...]

A $2.1 Million Buffett Lunch Mon, 30 Jun 2008 11:58:44 +0000
A Chinese investment fund manager became the latest person to win a lunch with billionaire Warren Buffett. Zhao Danyang bid $2.1 million for the honor in what has become the most expensive charity auction ever held on eBay. Mr. Zhao, of the Hong Kong-based Pureheart China Growth Investment Fund, and up to seven friends will dine with [...]

Attention Goes a Long Way at a School, Small by Design Mon, 30 Jun 2008 04:54:04 GMT
Terell McCollum celebrated at the Urban Assembly School for Law and Justice’s first graduation ceremony.

A Game Changer Left Unchanged by the Game Mon, 30 Jun 2008 06:05:31 GMT
Jamarkus McFarland, a top Rivals.com recruit, working at Kmart. McFarland's life has little of the glamour pursued by some high-profile prospects.

Amid Policy Disputes, Qaeda Grows in Pakistan Mon, 30 Jun 2008 18:23:48 GMT
Pakistani tribesmen danced in 2005 during a meeting in South Waziristan, in Pakistan’s tribal regions.

Mugabe Joins African Union Summit Mon, 30 Jun 2008 16:49:18 GMT
President Robert Mugabe of Zimbabwe at an African Union summit on Monday in Sharm El Sheik, Egypt.

Court Dismisses Suit by Canadian in Rendition Case Mon, 30 Jun 2008 18:37:39 GMT
The Canadian who was detained by U.S. officials and sent to Syria, where he claims he was tortured, was never technically inside the country, so his claims could not be heard in U.S. courts.

Israel Swaps Prisoner for Soldiers’ Bodies Mon, 30 Jun 2008 17:26:35 GMT
An Israeli hanging posters of Ehud Goldwasser, left, and Eldad Regev near the prime minister’s office in Jerusalem on Sunday. In 2006, Hezbollah captured the two men, both soldiers.

U.S. Delivers Food Aid to North Korea Mon, 30 Jun 2008 18:11:14 GMT
North Korea agreed to give international aid workers unprecedented access to its hunger-stricken territory.

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