In a truce announced Monday to avert a possible complete takeover of Yahoo Inc.'s board of directors, the Internet company said it would relinquish three seats on the board to activist investor Carl Icahn. He had been spearheading a stockholder rebellion in protest of Yahoo's rejection of Microsoft's $47.5 billion takeover bid.
A federal appeals court in Philadelphia overturned a $550,000 fine meted out by the Federal Communications Commission to the CBS Corp. for airing a fleeting image of nudity – Janet Jackson's so-called "wardrobe malfunction" – during the 2004 Super Bowl halftime show. The court said the FCC acted "arbitrarily and capriciously."
Forecasters stopped issuing tropical storm warnings along the Carolina coasts late Sunday after Tropical Storm Cristobal headed into the open Atlantic.
America's newspapers are "narrowing their reach and ambitions and becoming niche reads," according to a study released Monday by the Project for Excellence in Journalism about the state of US dailies amid deepening staff cuts. Even though many carry fewer stories on foreign and national news, 56 percent of editors said more targeted coverage made their papers better than they were three years ago.
A government study obtained by the Associated Press indicates that hundreds of thousands of tractor-trailer and bus drivers in the US hold commercial driver's licenses despite qualifying for full disability payments. Some have conditions considered medically unsafe for a person behind the wheel.
The American Society of Landscape Architects has presented its 2008 Award of Excellence in General Design to Chicago's Lurie Garden located in Millennium Park. The 2.5-acre rooftop botanical garden was built over a parking garage and selected from hundreds of entries from around the world. The judges cited it for being an urban oasis with a rich and engaging plant palette and a design that reflects the city's character.