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News 22 Dec 2007 |
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Top News
Business
- FedEx hit with $319 million tax hit
FedEx was ordered to pay $319 million in back taxes by the IRS over a disagreement on how the company classified workers for its ground-delivery business, it said in a filing to the Securities and Exchange Commission Friday.
- Stocks go out with a bang
Stocks rallied Friday, ending a volatile week, thanks to stellar earnings from Research In Motion and a report that Merrill Lynch could receive an investment from Singapore's state-owned investment fund.
- Goldman's Blankfein collects $68M bonus
Goldman Sachs Chairman and CEO Lloyd Blankfein will take home nearly $68 million in restricted stock, options and cash, making it the largest bonus ever given to a Wall Street CEO.
- Court upholds Cerberus' right to walk away
- Wall Street's happy holiday
Stocks went out with a bang Friday, finishing of a volatile week with a session that saw record volume, thanks to stellar earnings by Research In Motion and a report that Merrill Lynch could receive an investment from Singapore's state-owned investment fund.
- Startup's holiday wish: Al Gore
At the top of Chris Deutsch and Robert Foster's Christmas lists is one thing: a meeting with Al Gore.
- Court upholds Cerberus' right to walk away
United Rentals lost its suit against Cerberus Capital Management over an aborted $4 billion buyout, according to a report Friday afternoon.
- Liz Claiborne courting designers for overhaul
Liz Claiborne is in advanced discussions with the fashion designer John Bartlett, part of a broader push to revitalize its namesake brand, Fortune has learned.
- Stocks rally before holiday
Stocks rallied Friday afternoon, at the end of a volatile week, in a session that saw record volume early on and stayed firmly in positive territory thanks to strong earnings by Research In Motion and the possibility that Merrill Lynch will receive an infusion of foreign investment capital.
- Banks to abandon 'Super-SIV' fund
The Wall Street consortium seeking to establish a bailout fund for troubled mortgage securities announced it would abandon efforts to establish the so-called "Super-SIV" fund, adding that it could revisit the solution if credit market conditions worsened.
- SEC site reveals executive pay
The Securities and Exchange Commission launched an Internet tool Friday that makes it easier for investors to research and compare executive compensation.
- Markets cheer for RIM, Merrill
Stocks flirted with session highs in a high volume session Friday afternoon, thanks to strong earnings by Research In Motion and speculation that troubled banking giant Merrill Lynch will receive an infusion of foreign investment capital.
- Pharma looks strong, biotechs mixed in 2008
Big Pharma, fueled by promising pipelines and cost-cutting, is poised for a strong 2008, analysts say, while projections are mixed for the biotech sector.
- Dollar falls on news from Singapore
- Wall St. bulls stay in control
Stocks held near session highs Friday afternoon, helped by blowout quarterly results from Research in Motion and news that Merrill Lynch may sell a stake in the brokerage to foreign investors.
- FairPoint's Verizon land line buyout rejected
- Toy safety plan to debut Feb. 1
The Toy Industry Association said Friday that it expects to release a draft of tough new safety rules, which include a plan to require manufacturers to test toys for hazardous chemicals and defective designs, on Feb 1.
- Ambac needs $1B to avoid downgrade
- Freezing and rebuilding bad credit
E-mail questions, holiday edition.
- Freezing and rebuilding bad credit
E-mail questions, holiday edition.
Entertainment
Sports
Health
- Are you a 'cyberchondriac'?
The Internet is a great place to get health advice, but how do you know when all that surfing is making you a little crazy? How do you know when you've become a "cyberchondriac"? In this week's "Empowered Patient" column, CNN Medical Correspondent Elizabeth Cohen lets you know when it's time to stop the surfing.
- Teen dies hours after liver transplant approved
- Foster care better than orphanages for kids' IQs
- Lack of insurance boosts cancer death risk
- Youssif smiles again
Youssif squats at the edge of the lake at Balboa Park near Los Angeles, tentatively holding out bread for the ducks, his large dark eyes widening in delight and fear as it's snatched from his hands.
- A killer cold?
A high school varsity athlete, a sturdy guy with a health history blissfully free of blips, 18-year-old Joseph Spencer had little reason to think anything was seriously wrong when he got sick last April. Within hours, his fever was 104 degrees. Within days, he was in the intensive care unit at Providence Portland Medical Center in Oregon with full-blown pneumonia. Spencer's doctor was afraid this sturdy teenage boy was going to die.
- Respiratory virus life-threatening for some kids
Born prematurely, Kamryn Campbell spent nearly a month in a neonatal intensive care unit to help her lungs develop. After going home, she was rushed back to the hospital struggling to breathe. The cause: respiratory syncytial virus or RSV. "For you and me it's a really bad head cold," says pulmonologist Burt Lesnick. "But for those children at risk it can be life threatening."
- Flu shots mandatory for N.J. preschoolers
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