Dell is recalling 4.1 million notebook computer batteries because they could erupt in flames. It will be the largest safety recall in the industry’s history.
Last week, it was all about the Federal Reserve Board. This week, Wall Street's attention focuses squarely on inflation. In fact, there are three key reports due out this week that should shed light on wholesale and retail price trends. If those reports show that prices are rising faster than expected, the same investors who called on the Fed to stop lifting rates could be clamoring for the Fed to raise rates once more in September.
There is a growing sense on Wall Street that the Federal Reserve Board is done raising interest rates. If this is the case, stocks could be in store for a decent rally in the coming weeks and months--at least that's according to conventional wisdom.
Jerusalem/Haifa—Hours after a United Nations-brokered cease-fire went into force Monday morning, stores opened their long-shut doors, traffic lights began operating, and thousands of Israelis in the north of Israel started to come out from the bomb shelters where they hid from Katyushas rockets for five difficult weeks.
AP - Tens of thousands of Lebanese jammed bomb-cratered roads Monday as they returned to still-smoldering scenes of destruction after a tenuous cease-fire ended 34 days of vicious combat between Israel and Hezbollah.
AP - President Bush said Monday that Israel defeated Hezbollah's guerrillas in the monthlong Mideast war and that the Islamic militants were to blame for the deaths of hundreds of Lebanese civilians.
AP - X-ray machines that screen airline passengers' shoes cannot detect explosives, according to a Homeland Security Department report on aviation screening.
Cubans got their first glimpse Monday of Fidel Castro since he underwent surgery last week, with state-run television broadcasting video of the Cuban leader talking from his bed with Venezuelan President Hugo Chavez. Castro appeared pale but was speaking animatedly as Chavez joked with him and showed him photographs.
Hours after a U.N.-brokered cease-fire between Israel and Hezbollah took effect Monday morning, thousands of refugees poured back into southern Lebanon, trying to return home.
President Bush called the U.N. resolution that took effect Monday a defeat for the Hezbollah militants. Saying Iran was supplying Hezbollah with weapons, Bush added: "We can only imagine how much more dangerous this conflict would be if Iran had the nuclear weapon it seeks."