News 2008-07-11 Andanh.com

Shares of Lehman Brothers Take a Beating Fri, 11 Jul 2008 05:38:12 GMT
Investors fretted over problems at home-loan giants Fannie Mae and Freddie Mac and absorbed regulators’ statements that they would not bail out all financial institutions.

Belgians Said to Be Near to Buying Anheuser-Busch Fri, 11 Jul 2008 06:47:07 GMT
The possible deal would create the world’s largest brewer.

Government Rule Makers Looking at Pensions Fri, 11 Jul 2008 06:49:08 GMT
Accounting rule makers started an ambitious project to force state and local governments to reveal the true cost of their pension promises.

Citi Sells German Business for $7.7 Billion Fri, 11 Jul 2008 08:30:32 GMT
Citi will sell its German retail business to France’s Credit Mutuel for $7.7 billion, it said on Friday.

G.E. May Spin Off Its Consumer and Industrial Unit Fri, 11 Jul 2008 04:55:21 GMT
As it seeks to bolster its flagging share price, General Electric may be willing to dispense with the business from which it sprang: the light bulb.

Advertising: Olympic Sponsors to Benefit Under a Tougher Stance in China Fri, 11 Jul 2008 05:54:55 GMT
A Nike ad in Shanghai. Nike promotions in Beijing are expected to be removed so as not to overshadow those of official Olympic sponsors.

OPEC Leader Issues Warning About Iran and Oil Supply Fri, 11 Jul 2008 03:34:20 GMT
The head of the Organization of the Petroleum Exporting Countries warned that oil prices would experience an “unlimited” increase in the event of a military conflict involving Iran.

Leaders of Actors’ Union Call Final Offer Unacceptable Fri, 11 Jul 2008 06:44:00 GMT
Leaders of the Screen Actors Guild declined a final offer for a new labor contract and an alliance of Hollywood production companies demanded that the union put the offer before its entire membership for a vote.

In Deepening Ad Decline, Sales Fall 8% at Magazines Fri, 11 Jul 2008 03:38:34 GMT
Magazine ad sales fell more than 8 percent in the second quarter, with the steepest drops in ads for vehicles and for computers and related equipment.

Bits: An Imminent Victory for 'Net Neutrality' Advocates Fri, 11 Jul 2008 06:53:05 GMT
If regulators penalize Comcast for blocking some Internet file downloads, it would be a victory for advocates of an open Internet. But it could end up accelerating the move by Internet providers to make heavy users charge more.

Rethinking Money Market Funds Fri, 11 Jul 2008 06:08:37 GMT
Lately money market funds have become dangerous — not for investors, but for the financial companies that run them.

A Trickle That Turned Into a Torrent Fri, 11 Jul 2008 05:17:49 GMT
A trickle of worries about Freddie Mac and Fannie Mae, which has been slowly building for years, has suddenly become a torrent.

For Short Sellers, It Doesn’t Get Much Better Fri, 11 Jul 2008 04:53:22 GMT
As shareholders of Fannie Mae and Freddie Mac watched their investments plunge in value, short sellers, who bet against stocks, could count their winnings.

Guilty Plea in Case of Illegal Shelters Fri, 11 Jul 2008 03:39:00 GMT
The former owner of the American Financial Capital Corporation, a business that raised money for hedge funds, pleaded guilty to a tax shelter conspiracy and agreed to cooperate in a federal investigation.

McCain Adviser Refers to ‘Nation of Whiners,’ Touching Off Rebukes Fri, 11 Jul 2008 07:24:47 GMT
Former Senator Phil Gramm’s remarks did not help Senator John McCain, who has been trying to strike a more empathetic tone.

G.M. Chief Dismisses Crisis Talk as Inaccurate Fri, 11 Jul 2008 03:17:16 GMT
The chief executive of General Motors did his best to strike down rumors that the automaker might seek bankruptcy protection soon.

Marriott Says Profit Fell 24 Percent Fri, 11 Jul 2008 02:59:34 GMT
The hotel operator Marriott International said that second-quarter earnings dropped 24 percent as the deteriorating economy dragged down demand.

Chevron Reports Oil Output Slips Fri, 11 Jul 2008 03:34:40 GMT
The Chevron Corporation said that second-quarter oil output fell to the lowest level since 2005 as record energy prices reduced the company’s share of output in countries like Nigeria and Indonesia.

Architect Supports Changes to Times Tower Fri, 11 Jul 2008 08:27:15 GMT
The New York Times Building’s facade is being modified to deter people from climbing the tower.

High Cost of Driving Ignites Online Classes Boom Fri, 11 Jul 2008 08:06:44 GMT
As fuel prices rise, thousands of students nationwide have suddenly decided to take college classes over the Internet.

Longer Walk for Lattes? Starbucks Plan Resonates Fri, 11 Jul 2008 08:26:12 GMT
A Starbucks outlet at Astor Place is only 250 feet from another of the chain’s stores.

Gerald Tsai, Innovative Investor, Dies at 79 Fri, 11 Jul 2008 07:37:18 GMT
Gerald Tsai Jr. in 1988.

Sustained Weakness in Jobs Market, Despite Fewer Claims for Benefits Fri, 11 Jul 2008 03:39:27 GMT
Fewer people signed up for unemployment benefits last week, but the drop was not enough to overcome continuing weakness in the country’s labor market.

Stocks & Bonds: In Erratic Session, Giant Chemical Deal Lifts Shares Fri, 11 Jul 2008 05:11:38 GMT
Wall Street stumbled but ended with a respectable gain on Thursday after a multibillion-dollar deal in the chemicals sector helped offset concerns about the financial sector and energy costs.

Sun Valley: A Yahoo Open Caption Thu, 10 Jul 2008 23:44:06 +0000
Yahoo’s Jerry Yang (middle) with Google’s Larry Page (left) and Sergey Brin The media conference at Sun Valley, Idaho is all about mogul-watching. So what could Jerry Yang, Yahoo’s besieged chief executive, be talking about with his new partners in search advertising, Google’s Larry Page (left) and Sergey Brin?

Sun Valley: Activision Chief on the Gaming Economy Thu, 10 Jul 2008 19:29:43 +0000
Robert A. Kotick has a lot to celebrate. Earlier this week, the company he runs, Activision, merged with Vivendi’s Blizzard Entertainment to create one of the biggest videogame giants around. Around Sun Valley, Ida., where Mr. Kotick spoke from the Allen & Company media conference, having that kind of deal-making to crow about gives one a [...]

Sun Valley Diary: Pictures From Day Two Thu, 10 Jul 2008 19:00:10 +0000
By Thursday, most of the heavyweights had arrived in Sun Valley, Idaho, to do laps around the duck pond and generally mingle with other big names in the media and technology industries. Strolling through the grounds on Thursday provided some interesting mogul-watching opportunities. These include, as photographed by Reuters, the sight of Richard Parsons, the [...]

Corporate America for Sale? Yes, But It’s a Buyer Too Thu, 10 Jul 2008 18:09:46 +0000
From the get-go, InBev’s bid to acquire Anheuser-Busch has been more than just a deal — it has been a hot-button political issue, raising questions about nationalism and even patriotism. Many opponents of the transaction, including some lawmakers, have said it would represent yet another loss of an American icon to a foreign-based conglomerate. We thought [...]

U.S. Tries to Help 3 Scholars Barred From Leaving Gaza Fri, 11 Jul 2008 04:54:34 GMT
Using a portable fingerprinting machine, U.S. consular officials were seeking to expedite the granting of study visas to three students in Gaza, despite Israeli concerns.

Group Apologizes for Its Racial Bias Fri, 11 Jul 2008 04:36:01 GMT
The American Medical Association formally apologized on Thursday for more than a century of policies that excluded blacks from the group, long considered to be the voice of American doctors.

Voice Seeking Answers for Parents About a School Collapse Is Silenced Fri, 11 Jul 2008 04:11:23 GMT
After asking for an investigation into a school collapse during the earthquake in Sichuan Province, Huang Qi was arrested on suspicion of illegally possessing state secrets.

South Korea Offers Talks With North Fri, 11 Jul 2008 08:05:10 GMT
President Lee Myung-bak offered to resume dialogue with North Korea, strongly indicating that he was willing to provide humanitarian aid and implement agreements.

Bodies of 2 Missing U.S. Soldiers Are Found in Iraq Fri, 11 Jul 2008 08:40:27 GMT
The bodies of Specialist Alex R. Jimenez, left, who was born in Queens, and Pvt. Byron W. Fouty were found after the two were missing in Iraq for more than a year.

Freed Colombian Grapples With Recalling and Releasing Pain, and Resuming Life Fri, 11 Jul 2008 07:16:12 GMT
Ingrid Betancourt spoke to journalists in Paris about her ordeal.

Turkish Premier, in Iraq, Highlights a Warming Trend Fri, 11 Jul 2008 07:16:20 GMT
The visit of Prime Minister Recep Tayyip Erdogan came during a flurry of announcements from Arab countries pledging to refresh relations with Iraq.

Citing New Report, Lawyers for Canadian Detainee Denounce Abuse Fri, 11 Jul 2008 04:21:28 GMT
The only Canadian detainee in Guantánamo Bay, Cuba, has been abused by his interrogators, according to a secret government report obtained by his lawyers.

China Jails 12 More Tibetans Over March Riots Fri, 11 Jul 2008 08:51:59 GMT
Chinese courts jailed 12 more rioters for their roles in unrest in Tibet, state media said.

U.N. to Investigate Bhutto Killing Fri, 11 Jul 2008 09:18:13 GMT
The U.N. chief has agreed to Pakistan’s request to establish an independent commission that will investigate the killing of former Prime Minister Benazir Bhutto.

Book Cites Secret Red Cross Report of C.I.A. Torture of Qaeda Captives Fri, 11 Jul 2008 04:22:26 GMT
The Red Cross concluded that C.I.A. interrogation methods constituted war crimes, placing Bush administration officials in danger of prosecution, according to a book to be published next week.

Iraqis to Get Settlement From Britain Over Abuse Fri, 11 Jul 2008 04:23:47 GMT
Britain’s Defense Ministry agreed to pay compensation to the family of a man who died in the custody of British troops in Basra, and to nine other Iraqis detained with him.

Court Cases and Demonstrations Put a New Government to the Test in Thailand Fri, 11 Jul 2008 05:39:50 GMT
A dispute with Cambodia dispute has become a vehicle for growing pressure on Thailand’s government as the divisions that led to a coup in September 2006 have begun to resurface.

In Image of Iran’s Power, There’s Less Than Meets the Eye Fri, 11 Jul 2008 06:03:06 GMT
A photograph showing four Iranian missiles being launched was “apparently digitally altered” by Iranian state media, the news agency Agence France-Presse said Thursday.

An Interpreter Speaking Up for Migrants Fri, 11 Jul 2008 07:45:27 GMT
Erik Camayd-Freixas is a certified Spanish interpreter.

World Briefing | Europe: Georgia: Ambassador to Russia Recalled Fri, 11 Jul 2008 06:38:07 GMT
Georgia recalled its ambassador after the Russian Foreign Ministry announced that a Russian military aircraft had flown over a breakaway, pro-Moscow region of Georgia this week.

World Briefing | Asia: India: Confidence Vote Expected Fri, 11 Jul 2008 04:54:28 GMT
The action would determine the fate of Prime Minister Manmohan Singh’s government and of a controversial nuclear deal with the United States.

World Briefing | Europe: Russia: Soyuz Team Pulls Explosive Bolt Fri, 11 Jul 2008 04:54:34 GMT
Two Russian astronauts successfully removed an explosive bolt from their Soyuz capsule during a daring spacewalk.

Memo From Africa: The Pursuit of Justice vs. the Pursuit of Peace Fri, 11 Jul 2008 04:13:17 GMT
Refugees hauled branches for firewood at the Farchana camp in Chad, where many Sudanese have fled.

A Child Jockey’s Rise on the Steppes of Mongolia Fri, 11 Jul 2008 08:06:46 GMT
Children as young as five ride in horse races in Mongolia. Jockeys at a race in Khui Doloon Khudag, Mongolia.

With Luck, a Rocky Landing Fri, 11 Jul 2008 07:04:02 GMT
A rock jumper attempting a Grade 4 leap, the second-most-difficult category, in the Adrspach region of the Czech Republic.

Petraeus Wins Confirmation for New Post Fri, 11 Jul 2008 04:21:02 GMT
The Senate confirmed Gen. David H. Petraeus as commanding officer of the Central Command, giving him vast responsibilities across North Africa, the Middle East and Central Asia.

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