News Bits

Famed mathematician Stephen Hawking was rushed to a hospital Monday, and is very ill, according to Cambridge University officials.

President Barack Obama convened his first formal Cabinet meeting Monday and asked department and agency chiefs to look for ways over the next 90 days to cut $100 million out of the federal budget.

Bank of America Corp. posted strong first-quarter earnings Monday. Wall Street, concerned about banks’ continuing loan problems, looked past Bank of America’s profit and the bank’s share prices fell sharply.

Seven more Venezuelan polo horses sickened just before a Florida tournament died overnight Sunday, raising the death toll to 21.

Information from AP exchange