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ImClone Ex-CEO Arrested on Insider Trading Charges

NEW YORK – Samuel Waksal, the former chief executive of embattled biotech firm ImClone Systems Inc. (IMCL), was arrested on Wedneday and charged with conspiracy to commit securities fraud for allegedly tipping off two people to sell stock in the biotech company the day before federal regulators rejected its application …

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Regulators Upgrade Probe of GM Vehicles

DETROIT – U.S. auto safety regulators said Thursday they upgraded an investigation of 457,455 General Motors Corp. (GM) cars and minivans after the automaker reported 1,238 customer complaints about broken steering systems. The investigation covers 1997 model year Pontiac Grand Prix, Chevrolet Malibu and Oldsmobile Cutlass cars, 1997 Chevrolet Venture, …

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Scientists Urge Terror Defense

WASHINGTON – Admitting that society is too complex to defend against all terrorist threats, a panel of top scientists called for immediate action to identify and repair the weakest links. The National Academy of Sciences said in a study released Monday that the government needs to tighten control of nuclear …

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Limited Brands Backs Lowered Q4 Estimates

NEW YORK – Limited Brands Inc. (LTD), a retailer of apparel and toiletries and parent of the Victoria’s Secret chain, Thursday posted a quarterly profit, reversing a year-ago loss, but disappointed investors by backing Wall Street’s lowered fourth-quarter earnings estimates. Like many specialty retailers, Limited expects mall traffic to be …

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Rumsfeld Recruiting for Terror War

SANTIAGO, Chile – Other Western Hemisphere nations must control their own territories better to combat drug trafficking, terrorism and other crime that thrives in ungoverned areas, Defense Secretary Donald H. Rumsfeld told a regional security meeting Tuesday. Hemisphere security depends on eliminating the havens that international criminals use, Rumsfeld said …

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Topics and Guests for Monday, Nov. 11

Veteran newscaster John Gibson gets to the core of the most salient issues facing America today as host of FNC’s hard-hitting primetime showThe Big Story with John Gibson, airing Monday through Friday at 5 p.m. ET, with expert legal analysis from Judge Andrew Napolitano and in-depth field reports from correspondent …

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Rep. Nancy Pelosi

LOS ANGELES – Nancy Pelosi was 47 before she won her first election, but she was hardly new to politics. Her father was a New Deal congressman from Maryland and later the mayor of Baltimore. Her brother also served as Baltimore’s mayor. Now, at 62, she says she has the …

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Cyber-security Bill Goes to President

WASHINGTON – Congress approved $903 million in grants Tuesday to spur federal agencies, industry and universities to devote more energy to cyber security research. “For too long, cyber security has just not been a research priority,” said Rep. Sherwood Boehlert, R-N.Y., chairman of the House Science Committee and sponsor of …

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Election Afterglow… or Gloom

In the election afterglow — or in the case of the Democrats, the after gloom — we now get to watch to see which party blows it. The Democrats, after all, have a huge opportunity here. They get to sit on the sidelines, watch the Republicans move the ball, and …

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Niche Cruises Offer Waves of Choices

NEW YORK – Flopping onto a deck chair between buffets and bingo may seem like a typical day on a cruise, but now more and more ships that feature specialized itineraries are setting sail. Whatever the interest — from NASCAR to nudity — there’s a trip for every traveler. “Theme …

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