Wall Street posts huge gain
Wall Street stormed higher Tuesday as the Federal Reserve cut interest rates by three-quarters of a percentage point. The Dow Jones industrial average soared 420 points, its biggest one-day point gain in more than five years.
Supreme Court talks guns
The Supreme Court appeared ready Tuesday to endorse the view that the Second Amendment gives individuals the right to own guns, but it was less clear about whether to retain the District of Columbia’s ban on handguns.
Students wounded
in attack
Three mortar rounds targeting the U.S. Embassy crashed into a high school for girls next door Tuesday, killing a Yemeni security guard and wounding more than a dozen girls, officials in San’a, Yemen, said.
Don’t turn your noses up at this
A Lloyd’s of London syndicate said Tuesday it is insuring the nose of winemaker Ilja Gort for $8 million. The Dutch winemaker and taster took out the policy after hearing about a man who lost his sense of smell in a car accident.
FAA orders new safety checks
The Federal Aviation Administration, under fire for its handling of missed safety inspections at Southwest Airlines, said Tuesday it is ordering a check of maintenance records at all U.S. airlines.
The digits
Delta Air Lines said Tuesday it will offer voluntary severance payouts to more than half its work force and cut domestic capacity by an extra 5 percent this year as part of an overhaul of its business plan to deal with soaring fuel prices.
30,000
Employees to which Delta will offer voluntary severance payouts
2,000
Frontline, administrative and management jobs Delta hopes to cut
55,044
Total full-time Delta employees as of the end of 2007
FROM NEWS SERVICES
[ ap photo ]
