Word: dustups
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...leak probe, now in its 14th month, is rapidly approaching a showdown. Special counsel Patrick Fitzgerald has ordered two reporters, including TIME White House correspondent Matthew Cooper, to tell a grand jury who might have disclosed to them the identity of a covert CIA officer during a tangled political dustup in the summer of 2003. TIME sought to quash the subpoena through most of 2004, but last week a federal appeals court ruled that Cooper and Judith Miller of the New York Times must testify or face civil contempt penalties, which usually means jail. Both TIME and the New York...
...ending of Million Dollar Baby has conservatives and some advocacy groups campaigning against CLINT EASTWOOD'S film, which is up for seven trophies. Will the dustup hurt it? Oscars' past may tell...
...dustup that harks back to the VHS-vs.-Betamax standards showdown at the dawn of the VCR era, the industry has splintered into two warring camps over how best to implement blue-laser technology. Spearheading one group is Sony, which promotes a technology it calls Blu-ray. Sony senior vice president Kiyoshi Nishitani, a battle-tested engineer who heads up the Blu-ray initiative, says his company began work on the new technology four years ago and quickly enlisted Matsushita (best known for its Panasonic brand), Philips and Pioneer, among others, as allies in its cause. All was going well...
...routes the airline flies. Last week vintage carrier U.S. Airways said it may have to consider its second bankruptcy filing in two years, while United Airlines is still waiting to hear if the government will guarantee a $1.6 billion loan. Delta and its pilots' union are headed for a dustup that could roil the company's future. At American, losses for the first three months this year were lower: $166 million vs. $1 billion last year. But jet fuel prices are up more than 40% in the past year, and every penny of increase costs American $30 million annually. Arpey...
...mild-mannered Prince has plenty of supporters. "Chuck has very good judgment, often in tough business situations," says Robert Greenhill, the veteran investment banker who ran Smith Barney and worked with Prince in the mid-1990s. Prince also wins high praise from his adversary in the stock research dustup, New York Attorney General Eliot Spitzer. Late last December, Spitzer was trying to wind up a $1.4 billion settlement with 10 brokerages (including Citi) that had been accused of misleading clients with faulty stock research. Spitzer feared that the talks were losing steam, so one morning he insisted that the major...