News Archive for February 28 2008

Margin calls put hedge-fund industry in dire straits

The hedge-fund industry is reeling from its worst crisis in a decade as banks are demanding more money pledged to support outstanding loans...

Hendrix drummer Buddy Miles dies

Buddy Miles, the drummer in Jimi Hendrix's Band of Gypsys, has died at age 60 from congestive heart disease.

MF Global records $141.5 million bad-debt provision

(Reuters) - Broker MF Global said it recorded a bad-debt provision of about $141.5 million after one of its representatives, trading in the wheat futures market, substantially exceeded his authorized trading limit.

WorldWide Telescope at TED: What Made Scoble Cry

The technology that made Robert Scoble weep recently was unveiled at the TED conference yesterday. Microsoft's new WorldWide Telescope might be this year's multitouch -- that is, the breakout technology demonstration at TED. Just in time to coincide with the...

Boyd Coddington, 63, 'Stradivarius' of cars

LOS ANGELES - Boyd Coddington, a renowned Southern California hot-rod and custom car designer and builder who starred in the cable reality TV series "American Hot Rod," has died.

Pussycat Dolls, Jessica Simpson Perform For Troops In Kuwait

The Pussycat Dolls, Jessica Simpson, Disturbed, Filter and DJ Z-Trip have signed on for "Operation MySpace," a Mar. 10 concert for U.S. Troops in Kuwait, which will be hosted by Carlos Mencia, according to a press release.

Study: Spanking May Lead to Sexual Problems Later in Life

Children who are spanked or given some form of physicial punishment by their parents may be more to have sexual problems as adults, a new study finds.

"City of Men" a riveting drama of life in the slums of Rio de Janeiro

When Fernando Meirelles' Brazilian drug-trade drama "City of God" burst upon the global film scene in 2002, it was hailed as an instant...