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Bush to announce expanded bank bailout details- The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and government officials said Monday night. President Bush planned to announce the details Tuesday morning.
- Japan's stock market soared in early trading Tuesday, leading a second-day rally in Asian stocks after Wall Street staged a dramatic comeback from its worst week ever.
McCain: Lewis' remarks on campaign tone are unfair- John McCain said Monday that it was unfair for Rep. John Lewis to compare the negative tone of the Republican presidential campaign to the atmosphere a segregationist fostered in the 1960s.
- Democratic U.S. Rep. Tim Mahoney, married with a child, declined to say Monday whether he had carried on an affair with a former aide and paid to keep her quiet, then called for an investigation by the House ethics committee into his own conduct.
2nd out-of-state teen dropped at Omaha hospital- A Michigan mother drove roughly 12 hours to Omaha, so she could abandon her 13-year-old son at a hospital under the state's unique safe-haven law, Nebraska officials said Monday.
Johnston speaks about Bristol Palin, Obama, baby- Levi Johnston, who's having a baby with Gov. Sarah Palin's daughter, can't believe all the things he's hearing. No, he wasn't held against his will on the campaign trail. No, he's not being forced into a shotgun wedding with 17-year-old Bristol Palin.
Wildfires force frantic evacuations near LA; 2 die- Two huge wildfires driven by strong Santa Ana winds burned into neighborhoods near Los Angeles on Monday, forcing frantic evacuations on smoke- and traffic-choked highways, destroying homes and causing at least two deaths.
Therapy helps hard-to-transplant get a new kidney- Nearly one in three patients who need a kidney transplant may never get one because their bodies are abnormally primed to attack a donated organ. Now doctors are trying new ways to outwit the immune system and save more of those so-called "highly sensitized" patients - often with kidneys donated by living donors, considered the optimal kind.
Janet Jackson cancels more concerts- The doctor has again ordered Janet Jackson to postpone a return to her "Rock Witchu" tour.
Rays bash Red Sox 9-1 to take 2-1 series lead- B.J. Upton, Evan Longoria and the rest of the Tampa Bay Rays are bashing their way through their first trip to the playoffs. Upton and Longoria homered off a suddenly shaky Jon Lester, and the power-packed Rays cleared the Green Monster four times to beat the Boston Red Sox 9-1 Monday for a 2-1 lead in the AL championship series.
Microsoft Announces Reorganization of Windows and Online Services Business
REDMOND, Wash.
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(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
"Kevin has built a supremely talented organization and laid the foundation for the future success of Windows and our Online Services Business. This new structure will give us more agility and focus in two very competitive arenas," Ballmer said. "It has been a pleasure to work with Kevin, and we wish him well in the future."
Effective immediately, senior vice presidents
In the Online Services Business, Microsoft will create a new senior lead
position and will conduct a search that will span internal and external
candidates. In the meantime, Senior Vice President
In addition, Senior Vice President
"Our Windows business is firing on all cylinders," Ballmer said. "We see tremendous opportunity in search and advertising, and we have a clear strategy for investing in success today and growth in the future."
"Microsoft is a special place and presents opportunity to so many," Johnson said. "I have been so fortunate to have experienced 16 amazing years of building Microsoft's business, learning from great leaders in the company and working with phenomenally talented people."
Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
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