Originally published on Tue April 24, 2012 7:30 am
Weeks ahead of its initial public offering, Facebook released its first quarter profits Monday, and they are down 12 percent from a year ago. At the same time, company expenses have nearly doubled. Facebook attributes some of that to market expansion, which requires more employees and infrastructure.
Originally published on Tue April 24, 2012 7:34 am
Victoria Beckham has teamed up with Range Rover to produce a special edition Evoque luxury SUV. The former Spice Girl, married to soccer star David Beckham, has designed fashion lines before, but says this is her first foray into automobiles.
General Motors is making a bigger effort in what's become the world's biggest car market. At the Beijing Auto Show this week, GM said it plans to open 600 new dealerships in China this year. GM is trying to grow Chinese sales while they still can.
Let's follow up now on the situation in Bahrain. The country managed to stage its annual Grand Prix last weekend, which was, as we've reported, taken as a success for a government under intense pressure from protests. But at least one person was found dead after security forces clashed with demonstrators. This morning we've reached John Timoney. He's one of the best-known cops in America, former chief of Philadelphia and Miami, and now advising Bahrain's ministry of interior.
President Obama sets off on a two-day tour of college campuses Tuesday to tout a plan to keep student loans more affordable.
The trip is billed as official business, but it has a political flavor. Stops include: North Carolina, where Democrats hold their national convention this summer; Colorado, where Obama accepted his party's nomination four years ago; and Iowa, where his White House campaign was launched in 2008.
All three states are expected to be hard-fought battlegrounds in November.
The Marines' most senior officers — including top commander Gen. James Amos (shown here in 2011 in Afghanistan's Helmand province) — are weighing in on recent incidents involving misconduct by troops serving in Afghanistan.
There's some soul-searching going on in the military these days.
The latest scandal to hit U.S. troops fighting in Afghanistan surfaced last week when The Los Angeles Times published photographs showing smiling American soldiers holding up body parts of a Taliban suicide bomber.
U.S. Defense Secretary Leon Panetta addressed the latest incident during a trip to Brussels.
"That behavior that was depicted in those photos absolutely violates both our regulations and, more importantly, our core values," he said last week after a NATO meeting.
There have been hundreds of terrorism trials in the U.S. since the attacks of Sept. 11, 2001, but the case unfolding in Brooklyn,N.Y., is different. While its focus is on defendant Adis Medunjanin and the role he allegedly played in a 2009 plot to bomb New York City subways, the trial itself breaks new ground. It marks the first time the public is hearing in open court about real al-Qaida plots from the people the terrorist group actually dispatched to carry them out.
A new rule that took effect this year in New York state is designed to stop the illegal sale of black bear parts for use in Asian medicine and cooking. While the sale of parts is still allowed, hunters will now have to document that they were taken legally.
The tiny village of Keene, N.Y., in the Adirondack Mountains is part of a trade network that supplies Asian apothecaries and restaurants from New York City to Seoul, South Korea.