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.
Toymakers see low prices as hot items in 2009
With the hot toy of 2009 likely being anything that carries a modest price tag, the two biggest U.S. toy companies, Mattel Inc and Hasbro Inc, are reassessing their lineups.
German ThyssenKrupp steelmaker reports a 63% fall in 1Q profits
On Friday, ThyssenKrupp AG, Germany's largest steelmaker, reported a hefty loss of 63 percent in the fiscal first quarter.
Brazil stocks rise as investors set hopes on U.S. bank plan
On Friday Brazil's stocks rose as a rally in oil prices boosted commodity stocks, while the national currency also firmed as hopes for an imminent U.S. stimulus package raised investors' appetite for risk.
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.
Obama shares remarks over Buffalo plane crash victim, Beverly Eckert
President Barack Obama shared kind words of Beverly Eckert, one of the victims aboard the Continental Express flight 3407 which crashed Thursday night, who was also the widow of Sean Rooney who died in the 9/11 attacks.
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.
Obama: Beverly Eckert 'was an inspiration to me'
Beverly Eckert, who was among the 50 people killed when a commuter plane crashed outside Buffalo, N.Y. Eckert, was an inspiration to President Barack Obama.
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.
Microsoft to launch retail chain, first store in decade
Computer software giant Microsoft has announced plans to open its own stores, in a bid to increase competition against Apple and at a time when many other retailers are struggling in the economic downturn.
Percival recovers from surgery and seeks to play this soon
Troy Percival, who is recovering from a back surgery he had in December to remove herniated discs and repair some other damage, expects to be ready to pitch for opening day.
Iraqi female suicide bomber targets Shi'ite pilgrims
On Friday a female suicide bomber blew herself up in a crowd of Iraqi Shi'ite pilgrims on a pilgrimage to a Shiite holy city south of Baghdad on Friday, killing 40 people and injuring 69 others.
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.
Microsoft offers $250,000 to fight worm creator
Microsoft is offering $250,000 for information leading to the arrest and conviction of the person or group responsible for the spread of virus software Conficker.
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.
Next-generation 16 GB iPhone photos leaked online?
New images claiming to depict the back cover of an upcoming iPhone have started making the rounds on the internet 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.
Google scraps radio ads, 3 weeks after cancelling print ads
Google entered the radio advertising business with great hopes, but the internet search giant pulled out on Thursday.
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.
Congress set to pass stimulus as Obama keeps up pressure
President Obama urged Congress to pass the economic stimulus package before the end of the holiday weekend so he could sign it into law in an effort to help the nation emerge from a recession.
Sec. Geithner in Rome will urge 'exceptional' action on finance
U.S Treasury Secretary Timothy Geithner will attend a gathering of finance ministers from seven industrialized nations in Rome tomorrow to urge fellow ministers to take exceptional measure to address challenges facing the financial sector.
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.
Beverly Eckert, crew on partial flight 3407 passenger list
Beverly Eckert, whose husband died in the Sept. 11 terrorist attacks, was one of the victims in a partial list of passengers on Continental Express Flight 3407.
Continental Flight 3407 Official Airline Information
The following information was released at 11:27 A.M. by Colgan Air, the operator of Continental Flight 3407, which crashed Thursday evening near Buffalo, N.Y.
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.
Coke profits slump due to strong dollar
On Thursday Coca-Cola Co. announced a 18 percent drop in its fourth-quarter due to the impact of the stronger dollar.
Oil slumps 4 percent on economy growth doubts
The pessimism on the efficiency of the $789 billion stimulus package in short term led to a fall in oil prices the lowest in years.