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News of the 07/24/2008

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Pakistan vows to hunt Mumbai attack plotters
Senators grill auto CEOs, eye GM-Chrysler deal
Companies Rush to Ditch Corporate Jets
    

Ford posts $8.7 billion loss on truck slump

  
DETROIT (Reuters) - Ford Motor Co posted a $8.7 billion quarterly loss on Thursday as it wrote down the value of truck and SUV operations and cautioned that it did not expect to see a U.S. economic turnaround until 2010.
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US wants to shift $226 million on Pakistan money

  
The State Department has proposed shifting about two-thirds of its proposed aid to Pakistan's anti-terrorism programs to help the key U.S. ally upgrade its aging fleet of U.S.-made F-16 fighter planes.
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Dolly hammers northern Mexico

  
Hurricane Dolly toppled trees and sent billboards flying Wednesday in the Mexican city of Matamoros, and authorities south of the U.S. border warned of possible flooding.
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Iraq banned from Beijing

  
The International Olympic Committee says Iraq will not compete at Beijing because of Iraqi government interference.
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Concerns in Europe despite Obama's warm welcome

  
The warm welcome that washed over Barack Obama during his Berlin appearance Thursday made it abundantly clear that Europeans have a strong desire to heal the trans-Atlantic rift and the Democratic president candidate is a good choice for the job.
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US military deaths in Afghanistan region at 488

  
As of Wednesday, July 23, 2008, at least 488 members of the U.S. military had died in Afghanistan, Pakistan and Uzbekistan as a result of the U.S. invasion of Afghanistan in late 2001, according to the Defense Department. The department last updated its figures July 19 at 10 a.m. EDT.
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U.S.-Canada carbon trading group eyes 2012 start

  
VANCOUVER, British Columbia (Reuters) - A coalition of U.S. states and Canadian provinces that have banded together to cut greenhouse gases will launch their carbon cap and trade system in 2012, according to a draft plan released on Wednesday.
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Soy-based foods may lower sperm count: study

  
CHICAGO (Reuters) - Eating a half serving a day of soy-based foods could be enough to significantly lower a man's sperm count, U.S. researchers said on Wednesday.
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Campbell says he cried but accepts Army's orders

  
Caleb Campbell said he was upset when the Army told him he wouldn't be able to play for the Detroit Lions this season.
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Home sales at 10-yr low

  
Jul. 24 - So-called existing home sales fell to a 10-year low in June and the median price fell another 6.1 percent in a sign the housing market has yet to hit bottom.
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Dollar falls against Swiss franc Wednesday night

  
The dollar was lower against the Swiss francs late Wednesday night in New York. The U.S. currency traded at 1.0378 Swiss francs, just below 1.0390 francs it traded in the late afternoon.
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Mag Pokes Fun At Satire Backfire

  
US magazines have not been afraid to show a bit of front of late - and it appears Vanity Fair has had the last laugh by parodying a satire that backfired on a rival.
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Deadly Tolls: Sick truckers causing fatal wrecks

  
Tractor-trailer and bus drivers in the United States have suffered seizures, heart attacks or unconscious spells behind the wheel that led to deadly crashes on highways. Hundreds of thousands of drivers carry commercial licenses even though they also qualify for full federal disability payments, according to a new U.S. safety study obtained by The Associated Press.
    From Boston Globe | Add a commentary | Report abuse
 

Gunmen in Iraq kill 3 US-allied fighters

  
A member of a U.S.-allied Sunni group in Iraq says three of its guards have been killed and another wounded in drive-by shootings in northern Baghdad.
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Rescue Plan For US Homeowners

  
Hundreds of thousands of Americans battered by the country's mortgage crisis look set to get much-needed cash help.
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AP IMPACT: Fatal MRAP accidents prompt warnings

  
The towering trucks that give U.S. troops the best protection against roadside bombs and enemy bullets also make them vulnerable to routine hazards like sharp turns, rutted roads and rickety bridges.
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Former official: Afghan president hurting drug war

  
A former top U.S. counter-narcotics official alleges that Afghan President Hamid Karzai is obstructing the fight against the country's narcotics trade.
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Americans getting along swimmingly

  
When they convened the completed U.S. Olympic swimming team earlier this month in Palo Alto, Calif., men's coach Eddie Reese and women's coach Jack Bauerle had the same message.
    From The Washington Times | Add a commentary | Report abuse
 

Kosovo editor fined for naming witness

  
The Yugoslav war crimes tribunal convicted and fined an award-winning journalist euro7,000 (US$11,000) Thursday for publishing the name of a witness who testified anonymously in the trial of Kosovo's former prime minister.
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Dollar mixed, gold up in Europe

  
The U.S. dollar was mixed Thursday against other major currencies in European trading. Gold prices rose.
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