Did Medtronic act quickly enough on recall? Medical device maker Medtronic said Monday its second quarter profits dipped 2 percent after it recalled defibrillator leads. Leads are wires that connect an implantable defibrillator to a patient's heart. Some say the company waited too long to take action.6:50 a.m.
Paulose leaving Minnesota for D.C. Politicians from both political parties say a change is welcome at the Minnesota U.S. Attorney's Office. U.S. Attorney Rachel Paulose announced Monday that she has resigned and will move to a post within the Justice Department in Washington, D.C. The move comes less than two weeks after Michael Mukasey was sworn in as Attorney General.7:20 a.m.
Do we buy ethanol (in Minnesota) because we have to? Imagine you are driving through the Midwest and you need gasoline. Chances are that gas will have some level of ethanol in it. Many states have required ethanol without asking if consumers want it, or if it's environmentally sound.7:24 a.m.
U.S. Rapport with Musharraf Evokes Shah Era
America's close relationship with Pakistan's President Gen. Pervez Musharraf recalls another ally: the Shah of Iran. It's nearly 30 years since the fall of the Shah and the rise of an Islamic state hostile toward the United States. It's still not clear whether the U.S. put too much pressure on the Shah.
Iraqi Town Slowly Returns to Normal
Nine months after the start of the U.S. troop surge in Baghdad, signs of life are slowly returning to some neighborhoods of the Iraqi capital. In the Sunni enclave of Amriya on the west side of the city, shops are reopening, and the economy is picking up.
French Workers Mobilize Strike
French civil servants, from teachers to air traffic controllers, begin a mass walkout in sympathy with the transport strike now in its seventh day. The strikes are a serious challenge to French President Nicolas Sarkozy's plans for economic reform.
Gap Pledges Better Work Conditions in India
Apparel retailer Gap is canceling half of its orders with a vendor in India and promises to donate $200,000 to improve working conditions there. The move comes after revelations that some of its clothes were made by children as young as 10. Gap says it didn't know that children were hired.
Relief Underway in Cyclone-Ravaged Bangladesh
A huge relief operation is underway in Bangladesh for the victims of a massive cyclone that killed more than 3,000 people. At least 1,000 are still missing while a million more are homeless. Rescue workers have yet to reach an area along the Bay of Bengal where the storm struck.
Harbor Pilots First to Account for Failed Navigation
Harbor pilots are responsible for getting freighters and tankers safely into and out of the nation's major ports. The pilots must commit buoys and landmarks to memory, and study tides and currents. But when something goes wrong the harbor pilot is the first person investigators question.
Expert: Russia Not Prepared to Clean Oil Spill
A conservationist and oil-spill expert says Russia isn't equipped to clean up after a massive oil spill. The disaster occurred last week after a violent storm broke up an oil tanker, sending thousands of gallons of oil into the Black Sea.
Investors Urged to Sell Citigroup Shares
Investment firm Goldman Sachs Group, Inc. downgrades the investment rating of Citigroup, the biggest U.S. bank. Goldman Sachs initiated the downgrade based on its estimate that Citigroup would have to write down $15 billion over the next two quarters due to its exposure to risky debt.
Stocks Plunge on Dismal Banking, Housing News
Gloomy news from the banking sector and a bleak outlook about the housing industry sent stocks reeling. The major stock market indexes each fell more than 1.5 percent, with the Dow Jones industrial average sinking more than 200 points.
Weak Dollar Can Bode Well for Manufacturers
The weaker dollar may not be good for Americans traveling overseas, but it is good for U.S. manufacturers. It makes their exports cheaper overseas and so they sell more products.