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Economy's Growth Picks Up Slightly In First Quarter

Posted: 05/29/2008 - The economy plodded ahead at a 0.9 percent pace in the first quarter — slightly better than first estimated — but still underscoring caution on the part of consumers and businesses walloped by housing, credit and financial problems.

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Fed To Make Fresh Batch Of Bank Loans

Posted: 05/29/2008 - The Federal Reserve announced Thursday that it will make a fresh batch of short-term cash loans available to squeezed banks as part of an ongoing effort to ease stressed credit markets.

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Stocks Jump After GDP Data, MasterCard Comments

Posted: 05/29/2008 - Stocks bounded higher Thursday after the government reported that the economy grew at a faster pace than had been estimated and MasterCard said consumers are continuing to reach for plastic.

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NJ, Texas Courts Scrap Awards From Vioxx Cases

Posted: 05/29/2008 - Appeals courts in New Jersey and Texas on Thursday scrapped verdicts against the drugmaker Merck & Co. Inc. stemming from some of the earliest trials involving its once popular painkiller Vioxx.

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Bear Stearns Shareholders OK Buyout By JPMorgan

Posted: 05/29/2008 - Bear Stearns Cos. shareholders on Thursday approved JPMorgan Chase & Co.'s $2.2 billion buyout of the investment bank whose wagers on subprime mortgages made it the largest corporate casualty of the global credit crisis.

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Stocks Turn Higher After GDP, Jobless Claims Data

Posted: 05/29/2008 - Stocks turned higher Thursday as investors digested the government's estimate of first-quarter economic growth and an smaller-than-expected uptick in last week's unemployment claims.

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Economy's Growth Picks Up Slightly In First Quarter

Posted: 05/29/2008 - The economy plodded ahead at a 0.9 percent pace in the first quarter — slightly better than first estimated — but still underscoring caution on the part of consumers and businesses walloped by housing, credit and financial problems.

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Oil Tumbles On Supply Explanation, Dollar, Demand

Posted: 05/29/2008 - Oil prices fell sharply Thursday after the Energy Department reported unexpected declines in crude oil and gasoline supplies last week, but said the drop in crude inventories was due to temporary delays in unloading oil tankers along the Gulf Coast. A stronger dollar and concerns about gas demand also weighed on prices.

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Prosecutor Says Marine Covered Up Iraqi Civilian Killings

Posted: 05/29/2008 - A Marine intelligence officer lied to investigators to help cover up a squad's killings of 24 Iraqis, including women and children, a prosecutor said Thursday during opening statements in the officer's court-martial.

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Tenn. Woman Who Spent Life In Iron Lung Dies At 61

Posted: 05/29/2008 - A woman who defied medical odds and spent nearly 60 years in an iron lung after being diagnosed with polio as a child died Wednesday after a power failure shut down the machine that kept her breathing, her family said.

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Taxi Jumps Curb, Strikes Light Pole, Injures 3

Posted: 05/29/2008 - A taxicab driving in reverse jumped a curb at busy crosswalk near Union Station Thursday, striking a light pole and at least two pedestrians during the Thursday morning rush, authorities said.

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In Miami, Spanish Is Becoming The Primary Language

Posted: 05/29/2008 - Melissa Green's mother spoke Spanish, but she never learned — her father forbid it. Today, that's a frequent problem in this city where the English-speaking population is outnumbered.

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Idaho Town Enjoying Mine Industry Resurgence

Posted: 05/29/2008 - Condos and a gondola have replaced giant smokestacks and piles of mine waste that used to greet visitors in this northern Idaho town as it turned to the ski industry for survival.

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Officials Probe Train Wrecks In Boston, Chicago

Posted: 05/29/2008 - Federal investigators arrived Thursday at the tracks outside Boston where two commuter trains collided and derailed during rush hour a day earlier, trapping and killing a train operator and injuring more than a dozen passengers.

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FDA Says Glaxo Drug Fails To Control Bleeding

Posted: 05/29/2008 - An experimental drug from GlaxoSmithKline does not significantly lower bleeding in patients with a rare blood disorder, according to the Food and Drug Administration.

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Gut Superbug Causing More Illnesses, Deaths

Posted: 05/29/2008 - The number of people hospitalized with a dangerous intestinal superbug has been growing by more than 10,000 cases a year, according to a new study.

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Officials Probe Train Wrecks In Boston, Chicago

Posted: 05/29/2008 - Federal investigators arrived Thursday at the tracks outside Boston where two commuter trains collided and derailed during rush hour a day earlier, trapping and killing a train operator and injuring more than a dozen passengers.

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Gay Rights Advocates Score In NY, CA

Posted: 05/29/2008 - Gay rights advocates had reason to celebrate on both coasts Thursday, with New York set to recognize same-sex marriages performed elsewhere and California preparing to begin issuing marriage licenses to gay couples on June 17.

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New DVD Releases include `Dirty Harry,' `Semi-Pro'

Posted: 05/29/2008 - Some old, new and funny films are out on video this week including Clint Eastwood and Will Ferrell. Some TV shows like Weeds and CHiPS are also hitting store shelves.

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Suicide Bomber Kills 16 in Northwestern Iraq

Posted: 05/29/2008 - A suicide bomber blew himself up Thursday in a crowd of police recruits in northwestern Iraq, killing at least 16 men and wounding 14 others, an official said.

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