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The clashes dramatically escalated tensions at a time when Israel is already waging a military offensive in Gaza to find another soldier. At right, a bridge in Lebanon was destroyed by Israeli warplanes.
For the first time in several years, Wall Street is starting to use the "R" word again – as in recession. Merrill Lynch economists, for example, now think there is at least a 40 percent chance that the U.S. economy will slip into recession sometime next year.
The European Union fined Microsoft Corp. $357 million on Wednesday, saying the company defied a 2004 antitrust ruling. The order was for Microsoft to share technical information with rival software developers, so that their software could communicate better with the Windows operating system. Microsoft, which has held a quasi monopoly in personal computer operating systems, said that it would appeal the fine.
Some inhaled medications used to treat chronic obstructive pulmonary disorder, or COPD, may do more harm than good, according to a review of clinical trials performed by researchers at Cornell and Stanford universities. The comparison of two types of medications, published online last week in the Journal of General Internal Medicine, found that the most commonly prescribed type carries a higher risk of hospitalization—as well as death?from respiratory causes.
AP - Hezbollah militants crossed into Israel on Wednesday and captured two Israeli soldiers. Israel responded in southern Lebanon with warplanes, tanks and gunboats, and said seven of its soldiers had been killed in the violence.
AP - China and Russia introduced a resolution Wednesday deploring North Korea's missile tests but dropping language from a rival proposal that could have led to military action against Pyongyang.
AP - The death toll from a series of bombs that struck Bombay's packed commuter trains rose Wednesday to 200, and India demanded that Pakistan dismantle the "infrastructure of terrorism," but leveled no direct accusation at its rival for the attacks.
Hezbollah guerrillas captured two Israeli soldiers today, prompting Israeli airstrikes and military raids inside southern Lebanon, Israeli officials said. Israel said three soldiers were killed in the raid and four others when their tank went over a land mine. Israeli Prime Minister Ehud Olmert said the Hezbollah attacks were an "act of war."
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