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US News Archive for July 2007:
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Small Plane Crash in Florida Kills 5
The plane was trying to make an emergency landing when it crashed into a suburban subdivision...
New York Times - July 10, 2007
Former Surgeon General Says He Was Muzzled
WASHINGTON (Reuters) - The first U.S. surgeon general appointed by President George W. Bush accused the administration on Tuesday of political interference and muzzling him on key issues like embryonic stem cell research...
New York Times - July 10, 2007
Hot in New York, but It?s Been Worse
If the searing heat spell gripping the Northeast today seems unbearable, just be thankful the year is 2007 and not 1993 ? or 1936 for that matter...
New York Times - July 10, 2007
Arrest Made in Police Shooting; Two Others Sought
One man was arrested in the shooting of two officers in Brooklyn and two other men were being sought...
New York Times - July 10, 2007
Two of McCain?s Senior Advisers Leave Campaign
The latest turmoil in Senator John McCain?s presidential bid came as he took to the floor of the Senate to speak about his latest trip to Baghdad...
New York Times - July 10, 2007
Home Depot Lowers 2007 Expectations
ATLANTA (AP) -- The Home Depot Inc., the world's largest home improvement store chain, on Tuesday cited continued weakness in the housing market and the sale of its wholesale distribution business as it issued a bleaker-than-expected financial outlook for the year...
New York Times - July 10, 2007
D.R. Horton Sales Orders Fall 40 Percent
The home builder said on Tuesday declining home values would lead to its first quarterly loss since it listed on the New York Stock Exchange in 1995, sending its shares to a three-year low...
New York Times - July 10, 2007
Dow Drops 148 on Disappointing Outlooks
NEW YORK (AP) -- Stocks plunged Tuesday as investors, nervous about upcoming earnings reports, cringed at troubling forecasts from retailers Home Depot and Sears and at soaring oil prices. The Dow Jones industrial average fell 148 points...
New York Times - July 10, 2007
Fed Chairman Cites Inflation Threat
Fed Chairman Ben S. Bernanke said Americans are likely to let short-term events shape their long-term perceptions about price increases...
New York Times - July 10, 2007
Black Jury Having Trouble With Verdict
The jury in the racketeering and fraud trial of fallen media tycoon Conrad Black sent a note to the judge Tuesday saying they are unable to reach a verdict and asking for advice...
New York Times - July 10, 2007
Dollar falls to record euro low
The dollar falls to a record low against the euro and a fresh 26-year slump against the pound...
BBC News - July 10, 2007
US mistrial for Colombian rebel
A mistrial is declared in the case of Colombian rebel leader Ricardo Palmera, after a US jury fails to reach a verdict...
BBC News - July 10, 2007
Russia Blocks Extradition in Spy Case
LONDON (AP) -- Russia has formally refused to extradite the man suspected of murdering former agent Alexander Litvinenko with radioactive polonium-210, British prosecutors said Tuesday...
New York Times - July 10, 2007
Plane Crashes in Florida, Killing 5
A small plane registered to a company linked to NASCAR?s late chairman crashed into two houses while trying to make an emergency landing Tuesday, killing five people and starting fires that seriously burned three others, authorities said...
New York Times - July 10, 2007
Ex-Convict Sought in Police Shooting, Official Says
Dexter Bostic, 34, worked at the auto dealership from which the BMW sport utility vehicle that the two officers had stopped had been stolen, an official said...
New York Times - July 10, 2007
Pepsi Bottling Posts Higher Net, Raises Outlook
NEW YORK (Reuters) - Pepsi Bottling Group Inc. reported higher-than-expected profit on Tuesday, helped by cost controls and price increases, and raised its full-year forecast, sending its shares up more than 4 percent...
New York Times - July 10, 2007
Sears Sees Lower Quarterly Profit; Shares Plunge
CHICAGO (Reuters) - Sears Holdings Corp. on Tuesday forecast lower quarterly profit and said it needs to better control its costs and stock more items that its shoppers demand, sending shares down more than 8.7 percent...
New York Times - July 10, 2007
Home Depot Trims 2007 Outlook
ATLANTA (AP) -- The Home Depot Inc., the world's largest home improvement store chain, warned Tuesday that its earnings will decline this year more than previously expected because of weak conditions in the housing market and the sale of its wholesale distribution business...
New York Times - July 10, 2007
Stocks Decline on Retailer Outlooks
NEW YORK (AP) -- Stocks retreated Tuesday as Wall Street, nervously awaiting a speech from Federal Reserve Chairman Ben Bernanke, reacted to troubling forecasts from the retailers Home Depot and Sears...
New York Times - July 10, 2007
Former MCI and Compaq Chief to Head First Data
Michael D. Capellas will become chief executive officer of credit card transaction processor First Data after the company is acquired by Kohlberg Kravis Roberts & Co...
New York Times - July 10, 2007
Chief of Capital One Applies Hockey Strategies to Banking
Richard D. Fairbank, the chairman of Capital One Financial, keeps his eye on the ?Gretzky Concept? as he moves into retail banking...
New York Times - July 10, 2007
U.S. Wholesale Inventories Rose 0.5 Percent in May
Inventories of unsold goods where up in May, while separate data showed consumers cut back on spending amid higher gasoline prices and continued troubles in the housing market...
New York Times - July 10, 2007
U.S.-China Trade Gap Hits New Record
The trade surplus surged to $26.9 billion, potentially heightening tensions with the U.S. and increasing pressure on Beijing to allow its currency to appreciate...
New York Times - July 10, 2007
China Executes Former Food Regulator
The execution was meant to show that Beijing is serious about improving the safety of Chinese products...
New York Times - July 10, 2007
Colombian model for Afghans?
The US is sponsoring counter-narcotics training for Afghan police, based on the Colombian 'model'...
BBC News - July 10, 2007
The migrant trail through Mexico
The BBC's Duncan Kennedy joins illegal immigrants from Central America on their journey through Mexico to the US...
BBC News - July 10, 2007
Home Depot hit by house slowdown
DIY chain Home Depot blames the slowdown in the US housing market for its second profit warning in two months...
BBC News - July 10, 2007
Plane crashes into Florida homes
Two people die and at least three are hurt after a small aircraft crashes into houses near Orlando airport in Florida...
BBC News - July 10, 2007
Canadian teen killed her family
A 13-year old girl is found guilty of involvement in the killing of her parents and younger brother...
BBC News - July 10, 2007
French Official Chosen to Lead I.M.F.
The European Union today selected Dominique Strauss-Kahn to head the International Monetary Fund...
New York Times - July 10, 2007
China?s Trade Surplus Hits New High
China?s trade surplus rose to $26.9 billion in June, showing that demand for the country?s goods remains strong despite concerns about their safety...
New York Times - July 10, 2007
Chilean copper firm strikes widen
Chilean copper production suffers as industrial action across the country widens in a row over pay...
BBC News - July 10, 2007
Winning Springfield to be named
Fourteen towns named Springfield are about to learn which of them will host the film premiere of The Simpsons...
BBC News - July 10, 2007
Galaxy bemoan Beckham hype
Los Angeles Galaxy president Alexi Lalas believes David Beckham's imminent arrival has had an "adverse effect" on the MLS side...
BBC News - July 10, 2007
US warns tourists of Naples waste
The US embassy warns American tourists about the health risks of visiting rubbish-ridden Naples...
BBC News - July 10, 2007
Cuba sets date for municipal vote
Cuba's acting head Raul Castro sets municipal polls in October starting moves that could clarify Fidel's role...
BBC News - July 10, 2007
Amazon dams get go-ahead
Brazil gives an initial green light to the construction of two hydro-electric dams on the Amazon River...
BBC News - July 10, 2007
US senator admits 'serious sin'
A Louisiana senator publicly apologises for "a serious sin" after his name is linked to an alleged Washington prostitution ring...
BBC News - July 10, 2007
Canada 'to reclaim Arctic waters'
Canada announces plans for naval vessels and a deep-water port to assert its claim to Arctic territorial waters...
BBC News - July 10, 2007
Buenos Aires sees rare snowfall
A cold snap grips parts of South America, and snow falls on Argentina's capital for the first time since 1918...
BBC News - July 10, 2007
Memories of a Mob Past Are Dusted Off for a Trial
In the biggest organized crime trial in Chicago in years, the son of a reputed mob leader offered a rare how-to lesson about growing up in the ?Chicago Outfit.?...
New York Times - July 10, 2007
Bush Won?t Deliver Aides in Prosecutor Case
The president invoked executive privilege to defy subpoenas from Congress for testimony on the firings of prosecutors...
New York Times - July 10, 2007
Car Stop Leaves 2 Officers Wounded, One Gravely
The three suspects in the shooting escaped the scene, setting off a widespread search...
New York Times - July 10, 2007
Public Schools Feed Multitudes in the Summer
The New York City school system has become one of the nation?s largest summer soup kitchens...
New York Times - July 10, 2007
Spitzer Says Feuds Take Toll on Family
The governor said his wife is questioning whether his job is worth the personal attacks that come with it...
New York Times - July 10, 2007
A State Finds No Easy Fixes on Health Care
Gov. Edward G. Rendell of Pennsylvania, who campaigned as a health care reformer, is learning that to contain costs is to pluck dollars from someone?s pocket...
New York Times - July 10, 2007
Memo Pad
The latest travel news from around the globe...
New York Times - July 10, 2007
Shareholders Approve Merc?s Buyout of CBOT
The Chicago Board of Trade got the final approval from shareholders to merge with the Merc in an $11.9 billion deal...
New York Times - July 10, 2007
Frequent Flier: Airline War Stories, Expert Division
I?ve been traveling for years, and complaints about stale pretzels, late planes and lost luggage are the province of fledgling travelers...
New York Times - July 10, 2007
Trading-Floor Changes Hurt LaBranche
LaBranche & Company has hired an investment bank to explore the company?s options as electronic trading renders market makers on the floor obsolete...
New York Times - July 10, 2007
Parts Maker Acquired
The Carlyle Group said on Monday that it would buy the Sequa Corporation, a maker of aircraft and auto parts, for $2 billion...
New York Times - July 10, 2007
Stocks & Bonds: Investors Give Market Cautious Nudge Up
Investors were reassured by a drop in Treasury bond yields yet remained wary as second-quarter earnings season kicks off this week...
New York Times - July 10, 2007
Hedge Fund Takes Stake in Beazer Homes
Moore Capital Management has taken a 5.1 percent stake in the home builder Beazer Homes USA, according to a regulatory filing...
New York Times - July 10, 2007
Lexmark Reduces Earnings Outlook
The computer printer maker cited disappointing revenue from inkjet printers and cartridges, and its shares fell as much as 12 percent...
New York Times - July 10, 2007
One Suitor Sweetens Bid for Huntsman
The private equity firm Apollo Management raised its offer for the chemical company Huntsman by 2.8 percent, to $6.5 billion...
New York Times - July 10, 2007
Asset Sales by Limited
Limited Brands said that it had agreed to sell 75 percent of its namesake clothing chain to a buyout firm, Sun Capital Partners...
New York Times - July 10, 2007
Alcoa Reports Mixed Results and Extends Bid for Rival
The aluminum maker extended its takeover offer to rival Alcan and said second-quarter profit slipped by nearly 4 percent...
New York Times - July 10, 2007
Consumer Credit Rate Rose Sharply in May
Consumer borrowing posted an increase of 6.4% in May, reflecting the biggest jump in credit card debt in six months...
New York Times - July 10, 2007
Nielsen Revises Its Gauge of Web Page Rankings
The online measurement service will scrap rankings based on the longtime industry yardstick of page views and begin tracking how long visitors spend at the sites...
New York Times - July 10, 2007
Gemstar-TV Guide to Look at Options, Including Sale
The company, which publishes TV Guide magazine, hired UBS Investment Bank as a financial adviser. It gave no timeline for making a decision...
New York Times - July 10, 2007
Doctors Balk at Cancer Ad, Citing Lack of Evidence
Some doctors are questioning a cancer society ad campaign on sunscreen because most skin cancer is not life-threatening...
New York Times - July 10, 2007
Icahn-Led Group Raising Lear Bid
A group led by the investor Carl C. Icahn has agreed to increase its bid for the Lear Corporation, the automotive supplier, by about 3.5 percent, to roughly $2.9 billion...
New York Times - July 10, 2007
ConocoPhillips and Johnson & Johnson Announce Large Buybacks of Stock
ConocoPhillips and Johnson & Johnson announced they had approved stock buybacks of as much as $15 billion and up to $10 billion respectively...
New York Times - July 10, 2007
A Blogger?s Blend of Prayer and Politics Gains Influence
David Brody, who writes a blog and covers politics for the Christian Broadcasting Network, occupies a position of influence in the 2008 presidential campaign...
New York Times - July 10, 2007
On The Road: Even a Pilot Thinks It?s Time to Crack Down on Airlines
Pilot Vance Atkinson says it?s time for the federal government to do something about passengers being stranded on parked airplanes for long periods of time...
New York Times - July 10, 2007
700 Tubes of Toothpaste Are Seized in Connecticut
State inspectors said the counterfeit Colgate toothpaste contained diethylene glycol, a chemical used in some antifreeze products...
New York Times - July 10, 2007
As Sales Slip, Ford Extends Incentives and G.M. Adds to Discounts
Automakers are trying to increase sales to individuals as they reduce low-profit business with fleet customers like rental car companies...
New York Times - July 10, 2007
Paid Event for Education Officials Sets One-on-One Sales Meetings
On the heels of a student loan scandal, some higher education officials have called a conference?s format deeply troubling...
New York Times - July 10, 2007
Condé Nast to Close Jane, Ending Effort at Revival
Despite a turnaround effort that had shown signs of progress, Jane magazine will close this month after a nearly 10-year run...
New York Times - July 10, 2007
Danone to Pay $16.8 Billion for Dutch Baby Food Maker
Groupe Danone, the world?s largest yogurt products company, said it planned to buy Royal Numico for 12.3 billion euros ($16.8 billion)...
New York Times - July 10, 2007
Getting Your Shows on the Road
Entertainment technology in hotels and on airplanes is finally catching up to what travelers are accustomed to at home...
New York Times - July 10, 2007
Advertising: Subaru Turns to the Land of Forbidden Secrets
The company will promote the 2008 Impreza WRX by invoking the history, heritage and popular culture of its home country, Japan...
New York Times - July 10, 2007
Rise in World Oil Use and a Possible Shortage of Supplies Are Seen in the Next 5 Years
A new report says that pressures on fuel supplies are growing, in part, because booming Asian economies are using more fuel to power their manufacturing industries...
New York Times - July 10, 2007
Fox Picks Up Executive Ousted at NBC
Kevin Reilly, the new president of Fox?s entertainment division, will be called on to shore up the weak months in the fall...
New York Times - July 10, 2007
Costs Surge for Building Power Plants
As talk of building new power plants rises sharply, a new fleet of coal-fired power plants and a revival of nuclear construction are both looking tougher due to rising costs...
New York Times - July 10, 2007
Delphi Drops Finance Plan but Expects Another Soon
The Delphi Corporation said that it had terminated a $3.4 billion financing plan to bring the company out of bankruptcy protection but that it expects to sign a new deal this month...
New York Times - July 10, 2007
Ex-Partner at Milberg Pleads Guilty to Conspiracy
The guilty plea is the latest blow to a powerhouse firm that once dominated the landscape for class-action securities lawsuits...
New York Times - July 10, 2007
Full-Contact Banking
Richard D. Fairbank, the chairman of Capital One Financial, has applied hockey strategies to business...
New York Times - July 10, 2007
Google Buys a Manager of E-Mail
Taking further aim at one of Microsoft?s core franchises, Google said that it would acquire Postini for $625 million in cash...
New York Times - July 10, 2007
A Maverick of Industry in Canada
As the chairman of the auto parts maker Magna International, Frank Stronach?s management style has both enriched and alienated shareholders...
New York Times - July 10, 2007
Racial slur 'buried' by US group
A leading US rights group symbolically buries a racial slur generally referred to as the "N-word"...
BBC News - July 10, 2007
Cold weather hits South America
A cold snap grips several South American nations, with three reported killed in Argentina and Chile...
BBC News - July 10, 2007
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