Ford Motor Co. is considering a widespread buyout offer for its U.S. factory workers, according to published reports, as the company's stock continues to slip in the wake of production cuts announced last week.
In yet another bad sign for the housing industry, luxury home builder Toll Brothers today reported a 19 percent drop in earnings for its third fiscal quarter because of slowing demand and pretax write-downs of land it controls, as revenue declined by 1 percent to $1.53 billion.
In yet another bad sign for the housing industry, luxury home builder Toll Brothers today reported a 19 percent drop in earnings for its third fiscal quarter because of slowing demand and pretax write-downs of land it controls, as revenue declined by 1 percent to $1.53 billion.
AP - Iran said Tuesday it was ready for "serious negotiations" on its nuclear program, offering a new formula to resolve a crisis with the West. A semiofficial news agency said the government was unwilling to abandon uranium enrichment the key U.S. demand.
AP - A Russian passenger jet crashed during a thunderstorm just minutes after sending a distress signal on Tuesday, killing all 170 people on board, including dozens of children.
AP - John Mark Karr, wearing an orange jail jumpsuit and handcuffs chained around his waist, waived extradition to Colorado on Tuesday to face murder charges in the slaying of 6-year-old JonBenet Ramsey.
A Russian commercial jet crashed in Ukraine on Tuesday, killing all 170 on board, the Russian Emergency Situations Ministry reported. Among the dead were 45 children, Pulkovo Airlines said. The pilot sent a distress signal reporting a fire on board and heavy turbulence, shortly before the plane crash landed, Ukrainian officials said.
President Bush has authorized the U.S. Marine Corps to recall 2,500 troops to active duty because there are not enough volunteers for duty in Afghanistan and Iraq, Marine commanders announced Tuesday.
Americans believe Democrats would do a better job of dealing with the situation in Iraq and handling the economy, but Republicans would do a better job against terrorism, according to a poll released Tuesday.