CAIRO, Egypt – A U.S. Air Force officer taking part in a military exercise was killed in a road accident in northern Egypt, a spokesman for the U.S. military said Tuesday. Two other Air Force members were injured. The three were in a car on a highway west of Alexandria …
Read More »Katrina Slams Consumer Spending
WASHINGTON – Hurricane Katrina (search) caused $100 billion in uninsured losses in August while consumer spending plunged by the largest amount since the September 2001 terrorist attacks, the government reported Friday. Because of the devastation along the Gulf Coast (search), personal incomes fell by 0.1 percent in August, the Commerce …
Read More »Motley Crue Singer Breaks Leg Onstage
ATLANTA – Motley Crue (search) lead singer Vince Neil (search) is recovering from a leg injury after slipping off stage during a performance. The band was about five songs into the concert Friday night when Neil leaned over to sing along with the audience and slipped off stage, said police …
Read More »Glaxo Settles Drug Pricing Charges for $150M
WASHINGTON – GlaxoSmithKline (GSK) has paid more than $150 million to settle government charges that the company fraudulently inflated the price of drugs purchased by federal health-care programs, the Justice Department (search) said Tuesday. The settlement stems from allegations that the British company violated the False Claims Act (search) in …
Read More »Confidence Survey Shows Record Pessimism
NEW YORK – Confidence in the U.S. economy fell to a record low in September as the destruction caused by Hurricane Katrina made consumers pessimistic about the economy and personal finances, according to a survey released on Tuesday. Investor’s Business Daily (search) and TechnoMetrica Market Intelligence (search) said their economic …
Read More »Official: Death Toll in Thousands
WASHINGTON – Health and Human Services Secretary Michael Leavitt (search) said Sunday the death toll from Hurricane Katrina and its aftermath is in the thousands, the first time a federal official has acknowledged what many feared. Leavitt said he couldn’t provide a precise number on the impact of the devastation, …
Read More »Femara After Tamoxifen Can Reduce Breast Cancer Recurrence
New research backs up earlier reports that the breast cancer drug Femara can reduce the risk of breast cancer recurrence by nearly 50 percent in women previously treated with tamoxifen. A five-year study of the Femara treatment given after tamoxifen therapy was halted early after the survival benefits of Femara …
Read More »Poll: Most Say Abandon Low-Lying Areas
WASHINGTON – More than half the people in this country say the flooded areas of New Orleans (search) lying below sea level should be abandoned and rebuilt on higher ground. An AP-Ipsos poll found that 54 percent of Americans want the vast sections of New Orleans that were flooded by …
Read More »September 26
See you weeknights in the No Spin Zone at 8 p.m. and 11 p.m. ET! Tonight “The O’Reilly Factor” is on… We’ll have the latest on the aftermath of Hurricane Rita (search) as residents who fled coastal towns in Texas and Louisiana in preparation for the storm began to return …
Read More »Retailer Groups Sue Visa, MasterCard, Major Banks
NEW YORK – Four merchant groups have filed an antitrust lawsuit against Visa USA (search), MasterCard Inc. (search) and dozens of major banks, saying they colluded to set excessive credit card fees. The plaintiffs estimate damages “will range in the tens of billions of dollars,” according to the 59-page class-action …
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