Las Palmas de Gran Canaria, Spain - The US judiciary is participating in the investigation on the August 20 air crash which killed 154 people in the Spanish capital Madrid, the US firm Ribbeck Law Chartered said Tuesday.
A judge in Chicago, where the plane maker Boeing has its headquarters, has set the date for the first hearing for the coming Monday, said Manuel von Ribbeck, a representative of the law firm.
Von Ribbeck spoke in Las Palmas in the Canary Islands, where many of the victims were from.
New York - After Monday's record-breaking plunge, US stocks rallied at opening on Tuesday, recovering up to a a third of losses on revived hopes for a rescue plan for the financial system, with bargain-hunting investors helping the rise.
The Standard & Poor's 500 Index recovered almost a third of Monday's 8.79 per cent drop, Bloomberg financial news service reported. The drop was the largest in two decades.
Washington - Consumer confidence continued to improve in September before the recent turmoil in credit markets and Wall Street, data released Tuesday showed.
The New York-based Conference Board said its index of consumer confidence rose to 59.8 up from 58.5 in August as the short-term outlook improved.
The survey of 5,000 households ended September 23 and it remained unclear what impact further failures of financial institutions, large swings in the stock market and the collapse of a bailout deal would have on the index.
New York - US pharmaceuticals giant Pfizer Inc. is closing out the early-stage development of at least 11 medications in order to focus on more profitable drugs, media reports said Tuesday.
The financial newswire Bloomberg cited a memo sent to employees on September 25 in which the world's largest drug company would be ending the early development work on treatments for a range of illnesses from obesity to heart disease.
Los Angeles - Chip manufacturer AMD aims to challenge rival Intel by launching its Shanghai processor by the end of the year.
The company has learned its lesson and there won't be any of the start-up problems of the kind that afflicted the company's latest Barcelona processor, AMD manager Pat Patla told the CNET media company.
AMD, the world's second biggest chipmaker after Intel, lately suffered billion dollar losses and replaced its top management.