JoltNews.com Bringing daily world events to your desktop. Today is December 4 2006.
News
Bank of New York to Buy Mellon Financial

©  The Associated Press
Bank of New York Co. has agreed to take over Mellon Financial Corp. for stock valued at $17.6 billion in a deal that will create the world's largest securities servicing company and one of the biggest asset managers.  more
Nickelback, T.I. Lead Billboard Nominees

©  The Associated Press
The field of chart-topping potential winners was wide open as four acts from different genres led the pack of nominees for Monday's 2006 Billboard Music Awards.  more
Fiji's PM: Military Coup Under Way

©  The Associated Press
Fiji's elected leader said Tuesday a military takeover was under way in the South Pacific country as armed troops surrounded his house and other government buildings in a lockdown of the capital.  more
Stocks Surge, Shrug Off Pfizer Drug Halt

©  The Associated Press
Wall Street surged higher Monday as investors put aside Pfizer Inc.'s decision to halt development of a key drug and focused instead on another series of takeover deals.  more
Poll Voters Explain Why Gators in BCS

©  The Associated Press
Avoid a rematch. Stronger schedule. Conference champion. Those were the main reasons cited Monday by many poll voters for jumping Florida over Michigan on their final ballots, setting up a Gators-Buckeyes matchup in the BCS national title game Jan. 8.  more
Market Reports
Airbus Wants Suppliers to Help Fund A350

©  The Associated Press
Airbus said Monday it wants suppliers to its A350 XWB mid-sized airliner to fund over 15 percent of the cost of the project, the company's 11.6 billion euro ($15.4 billion) answer to the Boeing 787 "Dreamliner."  more
Pilgrim's Pride Buying Gold Kist
Poultry producer Pilgrim's Pride Corp. won its pursuit of the reluctant Gold Kist Inc., saying Monday its rival had accepted a sweetened $21 per share buyout offer worth $1.1 billion. There could be job cuts in corporate positions after the deal closes.  more
Station Casinos Gets $4.7B Buyout Bid
Private equity bidders extended their shopping spree for casino companies Monday as Station Casinos Inc. said it received a $4.7 billion buyout offer from its founding family and an affiliate of Colony Capital LLC.  more
LSI to Buy Agere in $4B Stock Swap

©  The Associated Press
LSI Logic Corp. said Monday it will purchase rival storage and communications chip maker Agere Systems Inc. for $4 billion in stock, a move that will help it expand into the fast-growing market for the electronic brains of portable gadgets.  more
Bank of New York to Buy Mellon Financial

©  The Associated Press
Bank of New York Co. has agreed to take over Mellon Financial Corp. for stock valued at $17.6 billion in a deal that will create the world's largest securities servicing company and one of the biggest asset managers.  more
Entertainment
Drinking Investigated in Garrison Crash

©  The Associated Press
Eyewitnesses said actor Lane Garrison of TV's "Prison Break" showed signs he may have been drinking the night the car he was driving crashed into a tree, killing a teenage passenger and injuring two others, police said Monday.  more
Blige, Chesney Nab Billboard Awards

©  The Associated Press
R&B diva Mary J. Blige and country star Kenny Chesney nabbed early awards at the annual Billboard Awards Monday night.  more
Hendrix Guitar Goes for $168K at Auction

©  The Associated Press
Paul McCartney's lyrics. Jimi Hendrix's guitar. A John Lennon interview. Memorabilia from some of the most influential musicians of the 20th century hit the auction block Monday.  more
Snoop Dogg's Felony Arraignment Delayed
A judge agreed Monday to postpone rapper Snoop Dogg's arraignment on a felony possession of a deadly weapon charge until January.  more
Clooney's Beloved Potbelly Pig Max Dies

©  The Associated Press
George Clooney's beloved potbelly pig Max has died, Clooney's publicist said. He was 19.  more
Health & Medical
E. Coli in N.J. Is Linked to Taco Bell

©  The Associated Press
An E. coli outbreak that has sickened at least 22 people _ two of them seriously _ was linked by health investigators Monday to three Taco Bell restaurants in New Jersey. Investigators also were examining whether an outbreak of 14 cases on Long Island was connected to the fast-food chain.  more
NY Nears Ban on Trans Fat
Health nuts, food lovers and the worldwide restaurant industry are closely watching the Big Apple, where the board of health is poised to approve the nation's first ban on trans fats.  more
Feds Charge Alzheimer's Researcher
In a rare federal prosecution, a leading government Alzheimer's researcher was charged Monday with a criminal conflict of interest for performing lucrative private drug company work that overlapped his official duties.  more
Other Drugs Do What Pfizer's Aimed to Do

©  The Associated Press
Pfizer Inc.'s new experimental heart drug is dead, but the dual approach the company was testing _ boosting good cholesterol while lowering the bad _ is very much alive, specialists said Monday.  more
VA Faulted on Mental Health Spending
The Department of Veterans Affairs did not spend all of the extra $300 million it budgeted to increase mental health services and failed to keep track of how some of the money was used, a government report says.  more
Current Weather
12/04/2006
New York38 °F
High Tech
CNBC Relaunches Own Site With More Video
CNBC relaunched its Web site Monday with more video and newsmaker interviews as the financial news cable channel formally ended a five-year agreement with Microsoft Corp.'s MSN Money.  more
Samsung, Microsoft Launch New Smartphone
Samsung Electronics Co., South Korea's largest corporation, joined Microsoft Corp. on Monday in launching the first mobile phone in Asia and Europe to use high-speed HSDPA wireless technology.  more
Ask.com to Launch City Service
Ask.com's search engine is sharpening its focus on local results in an attempt to make a bigger splash on the World Wide Web.  more
AOL to Launch Latino Portal
AOL's Spanish-language portal is now available for free as the company completes its plans to give away most of its services to boost traffic to its ad-supported Web sites.  more
Schumer Warns on No-Swipe Credit Cards

©  The Associated Press
No-swipe credit cards that use radio waves to relay their data put consumers at increased risk of identity theft, Sen. Charles Schumer said Sunday.  more
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