IBT Staff Reporter

142081-142110 (out of 154942)

One big victory, a series of setbacks

Barack Obama won a big victory when Congress agreed to his economic stimulus plan, but the new U.S. president has also suffered a series of setbacks to his No-Drama Obama image in his first weeks in office.

BA flight crash lands in London

On Friday evening a British Airways passenger jet with 72 people on board crash-landed at London City Airport. All passengers were evacuated to safety, the Associated Press reported.

Lloyds' HBOS unit reports a $12 billion loss

On Friday Part-nationalized Lloyds Banking Group said its HBOS unit made heavy losses last year due to a bigger-than-expected rise in unpaid loans, wiping a third off its value and raising fears more state help will be needed.

Beverly Eckert 9/11 commission testimony

Beverly Eckert, one of the victims aboard the Continental Express flight 3407 which crashed Thursday night, was also the widow of Sean Rooney who died in the September 11 attacks in 2001.

Zimbabwe cholera cases tops 75,000

So far at least 73 385 Zimbabweans have been infected with water-borne diarrhea disease since August and 3 524 have died, in Africa's deadliest cholera outbreak in 15 years.

Swiss Carlo Janka wins men's giant slalom

Swiss skier Carlo Janka has won the men's giant slalom at the World Championships. A healthy lead after the first run and stretched his advantage over Austrian Benjamin Raich.

Search giants unify for a general cleaning

Google, Yahoo and Microsoft unite with one common goal and that is to clean up what is called the Canonical Link Tag. The three big search engines agreed to the manage canonicalization issue with the use of a common tag.

Wall Street edges up on stimulus bets

Stocks inched higher in choppy trade on Friday on optimism over the expected passage of an economic stimulus and government plans to shore up the housing market.

Chrysler says restructuring talks making progress

Chrysler LLC is making progress in talks with creditors and the United Auto Workers union on a restructuring plan required under a federal bailout, a senior Chrysler executive told Reuters on Friday.

Energy Dept. paving way for quick stimulus money expenditure

With the U.S. economic stimulus package of $790 billion is set to be approved by Congress, concerns are growing at the Energy Department on how the agency will manage the quick expenditure of about $40 billion included in the package for renewable energy projects meant to boost employment.

Sen. Gregg cites irresolvable conflicts in withdrawal

New Hampshire Republican Sen. Judd Gregg withdrew his name for consideration as President Barack Obama's nominee for Commerce of Secretary stating irresolvable conflicts related to the stimulus package and the Census.

Some banks may need more gov't aid to stay solvent: report

Economists and other finance experts say some U.S. banks are insolvent, adding that government may need to take a bigger role allow banks to resume the lending needed to improve the economy, according to a report from the New York Times.

Lawmakers push US stimulus plan

Spurred on by President Barack Obama, US lawmakers on Thursday prepared for final votes by week's end on an unprecedented 789-billion-dollar plan to help Americans through a painful economic crisis.

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