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The labor market just keeps getting worse. AT&T, DuPont, NBC Universal and Credit Suisse announced layoffs this week — and they weren't alone. Throughout the business world, managers have been calling people in, and giving them the bad news. There can be a right way — and a wrong way — to let workers go.
It took just 90 minutes for journalists at the New York Daily News to "steal" the Empire State Building. As part of an investigation into a loophole that doesn't require clerks to verify information, the journalists transferred the building's ownership deed with a forged notary stamp. The buyer? Nelots Properties. Nelots reads "stolen" backwards. Fay Wray — star of the original King Kong movie — was listed as a witness. The paper fessed up and returned the landmark building the next day.
A piece of the Parthenon has come home. During theWorld War Two occupation of Greece, an Austrian soldier took a marble fragment from a frieze in the ancient temple above Athens. His granddaughter, who inherited the stolen treasure, returned it this week. Greece is fighting to get back more of the Parthenon — the Elgin Marbles — from the British Museum. Still, it welcomed this small piece as a symbolic return.
The Bible has gotten a makeover: Two new editions target a young — even secular — audience. One is a slick, illustrated version of the New Testament; the other is an environmentally friendly edition that takes advantage of the popularity of the green movement.
Spain's decade-long real estate boom was a gold mine for Spanish soccer. Construction firms paid large sums to have their logos on team jerseys, and real estate moguls lined up to buy teams. Now, with investments failing, struggling teams and owners are looking for buyers — or maybe a bailout.
Smaller home builders — like Florida's Chuck Fowke — are going out of business, while large companies are cutting back. The industry wants any federal stimulus package to include new incentives for homebuyers. But analysts say the industry won't begin to rebound without a decrease in home builders and inventory.
There's a new luxury model called the Optibike OB1. It still requires pedal power, but it has a battery that powers the motor for up to two hours. It has a GPS system — and costs $13,000.
Homeowners associations across the country are being hit hard by the foreclosure crisis. Millions of dollars worth of monthly dues are going unpaid. Neighbors are left to pick up the tab — if they can.
Move over Turkey Day — Black Friday is here. That's the day when merchants hope to get into the black. Given the current economic turmoil, retailers are using drastic sales to try to attract business. NPR's Tamara Keith, is at Best Buy outside Washington, DC, and she talks with Steve Inskeep about whether the economic downturn has shoppers reining in their spending.
Thirty years ago Friday, Dianne Feinstein announced that San Francisco Mayor George Moscone and Supervisor Harvey Milk had been gunned down in City Hall. At the heart of the tragedy: tensions over a city's changing face.
Despite wild swings in stereotypes about sex — from the supposedly puritanical days of the Soviet-era to today's designer-clad mistresses and wild parties — Russians' opinions about sex and marriage remain surprisingly traditional.
Treasury Secretary Henry Paulson is expected to unveil another plan to boost financial markets. According to reports, Paulson will announce Tuesday that he's setting up a program to boost consumer lending — like auto loans and credit cards.
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Worry that the US auto industry could collapse has added to recession jitters on Wall Street. The Dow Jones industrial average finished down nearly 430 points Wednesday, falling below the 8,000 mark — levels not seen since 2003.
Somali pirates seized a supertanker carrying $100 million worth of Saudi oil Saturday. The ship — which is three times the size of an aircraft carrier — was nearly 500 miles off Africa's coast when it was hijacked in waters patrolled by foreign navies. Its 25 crew members are being held hostage.
One hundred years ago Friday, a crime was committed behind the imposing oxblood-red walls of Beijing's Forbidden City: an emperor was murdered. But there was no proof — until now. New tests show that Guangxu Emperor ingested a fatal dose of arsenic. And historians say his own aunt was the mastermind behind his murder.
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This week's new study showing that a cholesterol-lowering statin drug can cut the risk of heart attack or stroke has opened up a debate over how aggressive doctors and patients should be when it comes to using statins — and who should take them.
When President-elect Barack Obama takes office in January, he'll have expanded majorities of Democrats in both houses of Congress — and the support of a big grass-roots movement. Millions of people helped him beat Sen. John McCain, and Obama must be as innovative in utilizing their power postelection as he was during the campaign.
He has investigated waste, fraud and abuse — and a Justice Department scandal over political partisanship in hiring practices. That kind of investigation can make someone a bull's-eye for political arrows, but it hasn't happened with Fine.
Muslim and Catholic scholars have concluded an unprecedented three-day meeting at the Vatican, vowing to work together to combat violence and terrorism —especially when it is carried out in God's name. Pope Benedict called on both faiths to resolve past prejudices.
The central Asian country of Kazakhstan recently had to bail out its biggest banks. Now one bank plans to issue a credit card called Diamond. This new MasterCard is inlaid with a diamond and has a credit limit of $50,000. The annual fee is $1,000 —though the cardholder gets a full-time personal manager.
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