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Embattled Merrill Lynch CEO O'Neal Steps Down
Merrill Lynch, the world's largest brokerage, says its chief executive, Stan O'Neal, has retired, effective immediately. Alberto Cribiore will lead the search for O'Neal's replacement.
Red Cross Chief Announces Resignation
American Red Cross President Marsha Evans announces she is stepping down from her post, effective at the end of December. During her tenure, the charity faced criticism over its response to Hurricane Katrina. Evans characterizes her departure as a long-planned retirement, though others at the agency cite problems with communication and coordination.
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Nissan's Pivo Car Monitors Driver Mood
Nissan's Pivo has technology that recognizes "mood." The robot on the dashboard has cameras which monitor eye movement. To make sure the driver isn't sleepy or angry. Nissan says drivers are less likely to have accidents if they have a little robot telling them to take it easy.
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Northwestern football coach Pat Fitzgerald is fired following hazing investigation
An investigation was launched in December 2022 after Northwestern University received an anonymous complaint about hazing activities in the school's football program.
Pakistan's Musharraf Declares State of Emergency
Pakistan's President Gen. Pervez Musharraf declares a state of emergency, suspending the country's constitution, firing the chief justice of the Supreme Court and filling the streets of this capital city with police officers. International pressure mounts against imposition of emergency powers.
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Writers' Strike Could Harm Support Businesses
Writers for network television and the big screen are on strike after last-ditch talks, called by a federal mediator, failed. There are about 12,000 members of the Writers Guild of America, but a prolonged strike will be harmful to many more, including set designers, carpenters, drivers, dog groomers, caterers, hotels and more.
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Writers Set to Strike over DVD, Download Profits
The Writer's Guild of America says its 12,000 members will go on strike Monday. The writers want to be paid more when their movies or shows are sold as DVD's and internet downloads.
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Turkey to Seek U.S. Help in Border Conflict
President Bush hosts Turkey's Prime Minister Recep Tayyip Erdogan, who is expected to press for help in stopping Kurds in northern Iraq from further cross border attacks. The Turks have threatened to send in troops. But so far, Ankara has heeded U.S. calls for restraint.
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Pakistan Police and Lawyers Clash
Pakistan's deposed chief justice calls on lawyers nationwide to defy police and protest President Gen. Pervez Musharraf's imposition of emergency rule. Musharraf, who seized power in a 1999 coup, has detained hundreds of lawyers and opposition politicians since the weekend.
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Hollywood Writers Call for Strike Against Studios
Unless Hollywood writers and studios reach a deal over the weekend, the Writers Guild of America will strike just after midnight next Monday. That could mean many TV shows will have to revert to re-runs. The writers and studios are at odds over how much writers should make in royalties when shows are resold on DVD or the Internet.
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