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US News Archive for August 2005:
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Pirro sets sights on Clinton
A potential Republican challenger to Sen. Hillary Rodham Clinton's re-election bid said Wednesday the former first lady is using New York as a doormat to return to the White House. In a speech formally launching her Senate campaign, Jeanine Pirro said, "New York deserves a senator who will give her all to the people of New York for a whole term, full time."...
CNN - August 10, 2005
Mickelson Blames His Performance, Not His Plan
Phil Mickelson has arrived at the 87th P.G.A. Championship as a popular golfer in search of a defining moment to his 2005 season...
New York Times - August 10, 2005
Pirro Begins Her Senate Campaign by Assailing Clinton
Charging that Senator Hillary Rodham Clinton had "shortchanged New York," Jeanine F. Pirro's campaign got off to a fiery if somewhat rocky start today...
New York Times - August 10, 2005
Bush Signs $286.4 Billion Transportation Bill
The president signed the bill, which includes money for thousands of projects across the country, in a ceremony in Illinois...
New York Times - August 10, 2005
Fox helps boost News Corp profits
Rupert Murdoch's News Corp reports a 67% rise in profits, led by higher revenues at its Fox subsidiaries...
BBC News - August 10, 2005
Summer clothing boosts Federated
Federated Department Stores reports a 90% jump in profits thanks to strong summer clothing sales...
BBC News - August 10, 2005
Clinton rival launches Senate bid
A high-profile prosecutor says she hopes to challenge Hillary Clinton for her Senate seat in 2006...
BBC News - August 10, 2005
Unocal shareholders back offer
Shareholders of US oil firm Chevron give preliminary approval to a $17.3bn takeover offer from Chevron...
BBC News - August 10, 2005
Bahamas runner takes 400m gold
Tonique Williams-Darling powers her way to the women's 400m title at the World Championships...
BBC News - August 10, 2005
Hospitals alerted for 'Bonnie and Clyde'
Tennessee police were alerting hospitals Wednesday to be on the lookout for a married couple who may be seeking medical attention after a deadly courthouse escape...
CNN - August 10, 2005
U.S. alert for 'Bonnie and Clyde'
U.S. police have alerted hospitals to be on the lookout for an inmate and his wife who may be seeking medical attention after a deadly courthouse escape...
CNN - August 10, 2005
Huge highway bill now law
President Bush signed today a whopping $286.4 billion, six-year transportation bill that lawmakers stuffed with plenty of cash for some 6,000 pet projects in their districts. Critics say the legislation was slanted to the lawmakers with the most influence. Alaska, the third-least populated state, for instance, got the fourth most money for pet projects -- $941 million...
CNN - August 10, 2005
Butts in the Street? The Least of Their Problems
In Flint, Mich., where the unemployment rate is 13.9 percent, efforts to clean up the city have been superseded by more pressing concerns...
New York Times - August 10, 2005
Stones 'slate Bush' in album song
The Rolling Stones attack the so-called "neo-conservative" movement on their new album, Newsweek says...
BBC News - August 10, 2005
Iran breaks seals at nuclear plant
Iran breaks the seals on equipment at an atomic processing facility amid Western fears Tehran could use its technology to build a nuclear bomb. The move opens the uranium conversion plant at Isfahan in central Iran for full operation, a state-run news agency reported...
CNN - August 10, 2005
Attacks kill 4 Iraqis, 4 U.S. troops
Insurgent attacks in Baghdad killed four Iraqi police officers following an overnight ambush north of the capital that killed four U.S. soldiers. Meanwhile, U.S. Defense Secretary Donald Rumsfeld said weapons recently found in Iraq were "clearly, unambiguously from Iran."...
CNN - August 10, 2005
Highway bill to become law
President Bush will sign today a whopping $286.4 billion, six-year transportation bill that lawmakers stuffed with plenty of cash for some 6,000 pet projects in their districts. Critics say the legislation was slanted to the lawmakers with the most influence. Alaska, the third-least populated state, for instance, got the fourth most money for pet projects -- $941 million...
CNN - August 10, 2005
Hurdles for High-Tech Efforts to Track Who Crosses Borders
The government's effort to collect biometric data to track foreigners visiting the U.S. has fallen far short of its goals...
New York Times - August 10, 2005
Yahoo 'closes in' on China deal
Yahoo is reportedly close to acquiring a major stake in China's biggest e-commerce firm, Alibaba...
BBC News - August 10, 2005
Mexico vow after turtle killings
Mexico promises greater protection for its sea turtles after 80 are found slaughtered on a southern beach...
BBC News - August 10, 2005
British girls claim Belize rape
Police in Belize are hunting a man who is alleged to have raped three teenagers from the UK...
BBC News - August 10, 2005
'Choking game' a killer
Looking back, Sarah Pacatte realizes she missed the warning signs. But at the time, the mother of four thought maybe her 13-year-old son, Gabriel Mordecai, was smoking marijuana. She never imagined he was putting a rope around his neck and choking himself for a rush -- a "choking game" that some kids are playing. For Gabriel, it was fatal...
CNN - August 10, 2005
IAEA seeks solution to Iran issue
The International Atomic Energy Agency is expected to press Iran on Wednesday to reverse its decision to resume a uranium conversion program...
CNN - August 10, 2005
Bush: Economy is strong
President Bush said Tuesday the U.S. economy is strong and the foundation for steady growth has been established. Bush said there were still "challenges to the economy" and told reporters he was concerned about energy and health-care costs. The president met with his economic advisers, making plans for dealing with his Social Security agenda...
CNN - August 10, 2005
Shuttle Glides to Safe Landing; Problems Ahead
The somewhat rocky start to the resumption of shuttle flights could end up speeding the nation's shift to the post-shuttle era...
New York Times - August 10, 2005
Colombia Unearthing Plight of Its 'Disappeared'
The families of the victims of right-wing paramilitary groups have finally begun speaking out, despite lingering dangers...
New York Times - August 10, 2005
Why Baghdad Must Make Do With Takeout
The proprietor of Baghdad's first authentic Chinese restaurant in the new Iraq is a remarkable study in tenacity...
New York Times - August 10, 2005
A $50 Million Price Tag, and Still a Fixer-Upper?
At $50 million, the Duke Semans Mansion, a 20,000-square-foot Beaux-Arts residence in Manhattan, could be the most expensive private residence ever sold in the city...
New York Times - August 10, 2005
Ferrer's Bid Mines Anxieties and Hopes of an Ethnic City
As Fernando Ferrer pursues a mayoral bid for the third time, polls suggest that the stars are finally aligned in his favor...
New York Times - August 10, 2005
May Department Stores Profit Tumbles
By Bloomberg News...
New York Times - August 10, 2005
Consortium to Pool Radio-Tag Patents
A consortium of companies that make radio-based identification tags and related software plan to pool their patents in a venture that would provide one-stop licensing...
New York Times - August 10, 2005
Microsoft in Spam Settlement
Scott Richter, who was once accused of being one of the world's top three spammers, has agreed to pay $7 million in a settlement with Microsoft...
New York Times - August 10, 2005
S.E.C. Begins Informal Inquiry of Kodak's Results Restatement
The Eastman Kodak Company said yesterday that the Securities and Exchange Commission was conducting an informal inquiry into its restatement of earnings for 2003 and the first three quarters of 2004...
New York Times - August 10, 2005
MCI Posts Profitable Quarter, First Since End of Bankruptcy
MCI Inc. said that it earned $64 million, or 19 cents a share, in the second quarter, beating Wall Street's expectations...
New York Times - August 10, 2005
First Data Buys Card Unit
CHICAGO, Aug. 9 (Reuters) - The First Data Corporation said on Tuesday that it had agreed to buy Citibank's merchant services unit, which provides credit- and debit-card processing services to about 15,000 businesses. The purchase price was not disclosed...
New York Times - August 10, 2005
United Edges Closer to Exiting Chapter 11
By Bloomberg News...
New York Times - August 10, 2005
Ruling Upholds Disney's Payment in Firing of Ovitz
A judge ruled that Disney was within its rights to send Michael Ovitz away with a $140 million severance package...
New York Times - August 10, 2005
A Tax Benefit Helps EchoStar to Quarterly Gain
ENGLEWOOD, Colo., Aug. 9 (AP) - EchoStar Communications, the nation's second-largest satellite television provider after DirecTV, said Tuesday that its second-quarter profit had soared because of a large one-time tax gain and growth in revenue and subscribers...
New York Times - August 10, 2005
M.B.A. Students Bypassing Wall Street for a Summer in India
Graduate students from some of the top business schools in the U.S. are vying for internships at India's biggest private companies...
New York Times - August 10, 2005
Amid Boston Glut, Office Projects Shift to Condos
BOSTON - Construction activity is brisk among the downtown high-rises here. But with occupancy poor in the office market for the fifth consecutive year, the activity is centered on developing luxury condominiums in new and existing buildings rather than producing new office space...
New York Times - August 10, 2005
A Roof Garden? It's Much More Than That
New York City's largest green roof, a thin layer of plants topping a building, has become a test for the environment and the bottom line...
New York Times - August 10, 2005
UBS Quarterly Profit Rises 5.4% but Still Falls Short of Estimates
Profits for UBS missed analysts' estimates, as a decline in fixed-income trading weighed on record earnings from private banking...
New York Times - August 10, 2005
Fannie Mae to Delay 2nd-Quarter Report
WASHINGTON, Aug 9 (Reuters) - The mortgage finance company Fannie Mae, whose accounting problems are expected to result in a multibillion-dollar profit restatement, said on Tuesday that it would not file its second-quarter earnings on time...
New York Times - August 10, 2005
Parmalat to Pursue Parts of Lawsuit
A federal judge has allowed Parmalat to proceed with its $10 billion lawsuit against Bank of America, but dismissed most of its claims...
New York Times - August 10, 2005
Charter Selects a Chief
Charter Communications named an executive from a rival cable TV operator, Time Warner, as its chief executive on Tuesday...
New York Times - August 10, 2005
Makers Seek New Review of M.S. Drug
DUBLIN, Aug. 9 (Reuters) - The Elan Corporation and Biogen Idec said on Tuesday that they had not found additional cases of a brain disease that prompted the companies to withdraw their multiple sclerosis drug Tysabri from the market, sending their shares sharply higher...
New York Times - August 10, 2005
WorldCom Figure Is Sentenced
By Reuters...
New York Times - August 10, 2005
Delta Air Lines Discloses Additional Financial Problems
Delta Air Lines, struggling to avoid bankruptcy protection, was hit by a fresh crisis yesterday when it delayed a regulatory filing so it could conclude critical talks to reach a deal with a new credit card processing company...
New York Times - August 10, 2005
Clear Channel Profit Falls 13% in Quarter
Clear Channel Communications reported that profit declined 13 percent in the second quarter after it reduced commercial time to attract listeners...
New York Times - August 10, 2005
Cablevision Returns to Profit in Quarter, With Revenue Up 6%
Helped by a one-time gain, Cablevision Systems reported second-quarter net income of $222 million, in contrast to a loss of $187.1 million a year earlier...
New York Times - August 10, 2005
Shares Advance Broadly on Fed Statement on Rates
By The Associated Press...
New York Times - August 10, 2005
Cisco's 4th-Quarter Numbers Meet Wall Street Expectations
Cisco Systems, the Internet equipment maker, said on Tuesday that fourth-quarter sales rose 11 percent and profit increased 19 percent...
New York Times - August 10, 2005
Disney Profits Rise, Pushed by Television as Its Films Lag
On the same day that a Delaware judge ruled in its favor in a shareholder lawsuit, the Walt Disney Company posted a better-than-expected third-quarter profit, as strength in its broadcast and cable television networks outweighed a continued slump in its movie division...
New York Times - August 10, 2005
Blockbuster Posts Loss, and Shares Plunge
DALLAS, Aug. 9 (AP) - Shares of Blockbuster, the movie-rental chain, dropped sharply Tuesday after it posted a $57.2 million loss in the second quarter. Its chief executive blamed...
New York Times - August 10, 2005
A.I.G. Earnings Rise, Largely From Booking Accounting Gains
By The Associated Press...
New York Times - August 10, 2005
E*Trade to Acquire Investment Company
The online brokerage firm E*Trade Financial said that it was buying Kobren Insight Management as part of its consolidation strategy...
New York Times - August 10, 2005
Ordeal of Disney's Board Could Herald Changes in Pay Perks
Directors of the Walt Disney Company may have dodged a bullet, but battles over executive compensation are here to stay...
New York Times - August 10, 2005
Suggesting No Letup, Fed Raises Rate Again
Saying that the economy was still getting stronger, the Federal Reserve raised interest rates again...
New York Times - August 10, 2005
Icahn Tries to Form a Team to Take On Time Warner
Carl C. Icahn, who has made a career out of agitating for change at corporations, has set his sights on an incredibly large new target: Time Warner...
New York Times - August 10, 2005
Merrill Settles Brokers' Suit for Overtime in California
Merrill Lynch & Company agreed last week to pay $37 million to settle a claim that it had been shortchanging its stockbrokers on overtime pay...
New York Times - August 10, 2005
Investors Hint at Higher Bid for Maytag
The takeover battle for Maytag, the appliance maker, has taken another turn...
New York Times - August 10, 2005
2 Auto Parts Companies Go Outside the Old-Boy Culture
The men running Delphi and Visteon, two of the auto industry's most troubled parts companies, are both outsiders to the corporate cultures they inhabit...
New York Times - August 10, 2005
The Persistence of the News-and-Cocktail Hour
The changing of the guard among news anchors could accelerate the shifts in audience that have already led Madison Avenue to reconsider how advertising dollars are spent...
New York Times - August 10, 2005
Big French Utility Offers a Full Buyout in Belgium
The French utility Suez offered $13.8 billion in cash and stock Tuesday to buy Belgium's largest power company, Electrabel...
New York Times - August 10, 2005
Hijackers 'identified pre-9/11'
A year before 9/11 a US intelligence unit had identified four of the future hijackers as likely linked to al-Qaeda, a US congressman says...
BBC News - August 10, 2005
Strong sales boost Cisco profits
Cisco Systems, the world's largest maker of internet equipment, sees a 12% rise in profits thanks to strong sales...
BBC News - August 10, 2005
Maradona 'agrees to movie biopic'
Footballer Diego Maradona agrees to let Marco Risi make a movie about his life, the director says...
BBC News - August 10, 2005
Walt Disney secures court victory
Walt Disney wins a long-running court case on the day it announces a 41% increase in profits...
BBC News - August 10, 2005
Hollywood bad guys 'smoke more'
Evil or poor characters are more likely to smoke in movies than the rich and heroic, a US medical study suggests...
BBC News - August 10, 2005
Woods in 'better form than 2001'
Tiger Woods believes his iron play is better than when he held all four major titles in 2001...
BBC News - August 10, 2005
Tennis: Roddick out in first round
Andy Roddick loses in the first round of the Montreal Masters to Paul-Henri Mathieu...
BBC News - August 10, 2005
Fed raises interest rates to 3.5%
The US Federal Reserve raises interest rates to 3.5% as it moves to stamp out inflation and cool the housing market...
BBC News - August 10, 2005
CIA 'let atomic expert Khan go'
The CIA told the Dutch not to arrest Pakistani nuclear weapons expert AQ Khan, it is claimed...
BBC News - August 10, 2005
Wife kills guard in US jailbreak
An inmate escapes after his wife shoots a guard escorting him outside a Tennessee courthouse...
BBC News - August 10, 2005
Bush weighs into evolution debate
President George Bush starts a national debate in the US by suggesting that intelligent design be taught in schools...
BBC News - August 10, 2005
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