“Stocks rose in Europe and Asia as Merrill Lynch & Co. said the worst of the credit markets' turmoil is over, Goldman Sachs Group Inc. advised buying mining shares and companies announced more than $11 billion of mergers. U.S. index futures advanced,” according to Bloomberg.
Yahoo’s board released a letter to Steve Ballmer, chief executive of Microsoft, Monday morning, further rejecting Microsoft’s $42 billion offer, and describing its threat to take the offer directly to shareholders as “counterproductive,” according to the Financial Times.
Insiders said private-equity firm TPG and other investors are strongly considering a deal to invest $5 million in Washington Mutual, Inc. According to The Wall Street Journal, they said that the investment “would allow the country's largest savings and loan to ease its pressing capital requirements … amid punishing losses from the national mortgage crisis.”
Clinton strategist Mark Penn on Sunday night announced that he was leaving the campaign under pressure. “The stunning announcement came after it was revealed Friday that Penn, in his capacity as worldwide CEO of the lobbying firm Burson-Marsteller, had held discussions with officials from Colombia on a bilateral free-trade agreement. Clinton has said she is against such a pact,” reports Time.
Gen. David Petraeus and Ambassador Ryan Crocker are set to testify on Capitol Hill this week about the Iraq situation, in their first joint testimony before Congress since September. Analysts expect Petraeus will not commit to a timetable for troop withdrawal beyond the summer.
Politico reports that with 159 colleges and universities, Pennsylvania’s campus vote would appear to be Barack Obama’s “ace in the hole” in the state’s April 22 primary. But it is unlikely that the student population—one of his most loyal constituencies—will be able to provide him much support due to the high number of out-of-state students, who will be voting in their home states.
Actor Charlton Heston, best known for heroic roles such as Moses in “The Ten Commandments” and the title role in “Ben Hur,” for which he won an Oscar, died Saturday at his home in Beverly Hills, CA. The 84-year-old had been suffering from Alzheimer’s disease.
A report issued Monday shows “huge, unexplained variations in the amount, intensity and cost of care provided to Medicare patients with chronic illnesses at the nation’s top academic medical centers, raising the possibility that the government could save large amounts of money,” according to The New York Times.
A child in Cleveland is being called a hero for steering a bus into a pillar after it started rolling down a hill. The driver had left to purchase gas and to take a bathroom break. Fifteen of the students suffered minor injuries from the incident.
A 14-year-old boy has been charged with manslaughter for the death of a Columbia University graduate student who was attacked by several teenagers before being hit by a car, police said Sunday. The teenager is accused of punching Minghui Yu before he ran into oncoming traffic.
Despite tight security in France, the Olympic torch was briefly extinguished by officials and loaded onto a bus during the Paris leg of its relay amid anti-China protests, reports CNN. The torch was later relit and continued on its journey. The incident occurred Monday morning, just a day after human rights activists in London disrupted the torch relay there several times.
“Since the U.S. military began reducing its troop presence in Iraq three months ago, several key indicators of violence in the troubled nation have risen, according to new military figures released this weekend, sparking fears that security gains hailed by the White House are already eroding,” writes The Boston Globe.
Zimbabwe’s high court decided to delay by at least 24 hours its ruling on whether to force a vote count from the contested presidential election. The announcement was made on the ninth day of waiting for the results of the election between President Robert Mugabe and the main opposition leader, Morgan Tsvangirai.
The Christian Science Monitor reports that the top U.S. officials in Iraq, Gen. David Petraeus and Ambassador Ryan Crocker, will report on the war on Capital Hill this week. But indications are that the country will remain fragile and that American policy on the war will change little before the start of a new presidency.
French scientists have discovered that it is possible to repair brain damage and repair cerebral function by “creating a small number of new, specifically-targeted innervations, rather than a larger number of non-specific connections,” writes Science Daily. The new research makes it possible to envision using the process to repair the human brain after a cerebral lesion.
Researchers in Washington State have successfully trained a strain of the cold virus to attack brain tumor cells in mice; they want to get the same process to work in humans. “The concept of employing viruses as biological anti-cancer smart bombs, though it may sound bizarre, has been around for quite a while,” reports The Seattle Post-Intelligencer.