Reuters: Science
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Updated: 19 min 48 sec ago
BofA earnings tumble, cuts dividend; to raise $10 billion
NEW YORK (Reuters) - Bank of America Corp, the largest U.S. bank, on Monday reported a 68 percent drop in quarterly earnings, halved its dividend and said it would seek to raise $10 billion in additional capital.
Categories: Nature and Science
Sen. Stevens on tape: "might serve time in jail"
WASHINGTON (Reuters) - Sen. Ted Stevens told an oil-executive friend, in recordings played on Monday at the Alaska Republican's corruption trial, they both risked going to jail -- but he didn't think it would come to that.
Categories: Nature and Science
Russia says U.S. on dangerous path over arms control
MOSCOW (Reuters) - The United States is upsetting the nuclear arms balance by failing to offer a fully-fledged replacement for the START arms control treaty when it expires next year, Russia's Foreign Minister Sergei Lavrov said.
Categories: Nature and Science
Wachovia, Citi, Wells Fargo to halt litigation
NEW YORK/WASHINGTON (Reuters) - Wachovia Corp and suitors Wells Fargo & Co and Citigroup Inc agreed on Monday to halt all litigation until noon Wednesday in hopes of deciding the winner of the troubled North Carolina-based bank.
Categories: Nature and Science
Treasury names rescue program chief
WASHINGTON (Reuters) - The Treasury on Monday named Assistant Secretary for International Economics and Development, Neel Kashkari, as head of the $700 billion government program that will buy soured investments to help restore the financial markets to health.
Categories: Nature and Science
Oil drops 6 percent to below $88 on demand concerns
NEW YORK (Reuters) - Oil dropped more than 6 percent to below $88 a barrel on Monday as a global market rout churned concerns that faltering fuel demand could slow further.
Categories: Nature and Science
Obama urges swift action on markets
ASHEVILLE, North Carolina (Reuters) - Democratic presidential candidate Barack Obama on Monday urged the Bush administration to move swiftly to address the financial crisis, saying contagion was spreading.
Categories: Nature and Science
Poverty still plagues U.S. cities: survey
WASHINGTON (Reuters) - Most U.S. mayors and city officials say poverty is a growing problem, with many families unable to get by, according to a survey released on Monday.
Categories: Nature and Science
Strong Tibet quake kills at least 30: report
BEIJING (Reuters) - A magnitude 6.6 earthquake killed at least 30 people in Tibet on Monday with a number of people buried in debris, Xinhua news agency said.
Categories: Nature and Science
Credit, recession fears slam Wall Street
NEW YORK (Reuters) - Stocks slid for a fourth straight day on Monday, leaving the Dow below 10,000 for the first time in four years, on fears the global economy was hurtling into recession despite government efforts to contain the fast-spreading financial crisis.
Categories: Nature and Science
Crisis hammers stocks, U.S. urges unified response
NEW YORK/WASHINGTON (Reuters) - Governments around the world grasped at new measures to contain the fast-spreading credit crisis on Monday but stock, bond and commodity markets saw investors betting on deepening uncertainty and a sharp global downturn.
Categories: Nature and Science
Fed to boost auctions, pay interest on reserves
WASHINGTON (Reuters) - The Federal Reserve on Monday announced a series of steps to funnel massive amounts of liquidity through clogged credit markets, including boosting the sizes of cash auctions and offering banks interest on reserves.
Categories: Nature and Science
U.S. to allies: Fight in Afghanistan or write check
WASHINGTON (Reuters) - The United States has asked Japan and NATO allies who have refused to send troops to Afghanistan to pay the estimated $17 billion needed to build up the Afghan army, according to U.S. defense officials.
Categories: Nature and Science
AIDS pioneers and cancer scientist win Nobel prize
STOCKHOLM (Reuters) - Two French scientists who discovered the AIDS virus and a German who bucked conventional wisdom to find a virus that causes cervical cancer were awarded the 2008 Nobel prize for medicine on Monday.
Categories: Nature and Science
Bus with gamblers flips in California, 10 dead
WASHINGTON (Reuters) - A bus traveling to a casino in northern California ran off a rural road and overturned, killing at least 10 people, the San Francisco Chronicle and other media reported on Monday.
Categories: Nature and Science
Eli Lilly bids $6.5 billion for ImClone
BOSTON/PHILADELPHIA (Reuters) - Eli Lilly and Co has agreed to acquire ImClone Systems Inc for $6.5 billion, outbidding Bristol-Myers Squibb Co and potentially bringing to a close one of the most colorful corporate sagas in biotech history.
Categories: Nature and Science
McCain, Obama unleash another round of attacks
NASHVILLE, Tennessee (Reuters) - Republican John McCain and Democrat Barack Obama warmed up on Monday for a potentially crucial debate by unleashing another volley of personal attacks on each other's character in an increasingly ugly White House race.
Categories: Nature and Science
Sri Lanka suicide bomb kills 26 including politician
COLOMBO (Reuters) -- A Sri Lankan suicide bomber killed 26 people at an ancient tourist town on Monday, including a popular retired army general who was the main opposition party's provincial leader.
Categories: Nature and Science
Biden cancels campaign events for another two days
WILMINGTON, Del (Reuters) - With a month to go before the U.S. election on November 4, Democratic vice presidential nominee Joe Biden canceled campaign events for another two days on Sunday after the death of his mother-in-law.
Categories: Nature and Science
Governments act to stem crisis, markets shaken
LONDON/BERLIN (Reuters) - More European governments followed Germany's lead on Monday offering guarantees to savers in a frantic effort to calm fears among investors over the worst financial crisis in 80 years.
Categories: Nature and Science
