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US News Archive for August 2007:
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Monsoon death toll reaches 2,000
India asked doctors to cancel vacations Friday and rushed food and medicine to flooded regions where disease has stricken thousands of people. A wild storm hit Pakistan's largest city, pushing the death toll from a particularly calamitous South Asia monsoon season past 2,000. full story...
CNN - August 10, 2007
Comverse Ex-C.E.O. Continues Extradition Fight
Jacob Alexander is trying to fight extradition from Namibia to the United States where he is wanted in an options fraud case...
New York Times - August 10, 2007
Renaissance Hedge Fund Down 7 Percent
The $26 billion-plus hedge fund managed by mathematician James Simons is down ?in the order of 7 percent? for the year through Aug. 8, according to a letter the fund sent to investors...
New York Times - August 10, 2007
Drill may have missed trapped miners
A narrow hole drilled into a Utah mine may have missed a cavity where six miners are trapped. Oxygen readings taken from the hole drilled into the Crandall Canyon Mine do not show levels expected in the area where the miners have been trapped since Monday full story...
CNN - August 10, 2007
Sources: U.S. checking future of Pakistan nukes
U.S. military intelligence officials are urgently assessing how secure Pakistan's nuclear weapons would be if President Musharraf were replaced as the nation's leader, CNN has learned. Key questions in the assessment include who would control Pakistan's nuclear weapons after a shift in power. full story...
CNN - August 10, 2007
White House goes it alone on immigration
A crackdown on illegal immigration will have to go forward without help from Congress, the Bush administration said Friday, asserting that an executive-branch-only approach is better than doing nothing. full story...
CNN - August 10, 2007
Man Charged in Newark Deaths Pleads Not Guilty
Jose Carranza, who was charged in the slayings, had been out on bail pending trial on two separate indictments...
New York Times - August 10, 2007
Taliban Plan Hostage Talks
GHAZNI, Afghanistan (AP) -- Two top Taliban leaders and four South Korean officials met face-to-face for the first time Friday to negotiate the fate of 21 members of a church group held hostage for three weeks, an Afghan official said...
New York Times - August 10, 2007
No Sound From 6 Trapped Utah Miners
A microphone found no evidence that six miners were still alive, but air samples showed enough oxygen to breathe...
New York Times - August 10, 2007
Tour de France Winner?s Team Will Disband
Alberto Contador?s team failed to retain its sponsor, the Discovery Channel, due to the cloud of doping allegations...
New York Times - August 10, 2007
U.S. Deems Wyeth Schizophrenia Drug Not Approvable
The decision was the second setback in less than a month for Wyeth, which saw its shares fall 6 percent in afternoon trading...
New York Times - August 10, 2007
U.S. Import Prices Rise for 6th Straight Month
July?s rise in import prices exceeded the 1 percent increase that Wall Street economists were expecting...
New York Times - August 10, 2007
China?s July Trade Surplus Soared 67 Percent
China?s trade surplus for July?s totaled $24.4 billion, despite recalls and warnings targeting faulty or tainted Chinese goods...
New York Times - August 10, 2007
Royal Bank of Scotland Shareholders Approve Bid for ABN
The 71 billion euro ($97.24 billion) takeover of ABN AMRO was approved against a backdrop of steep falls in the share price of banks around the world...
New York Times - August 10, 2007
Stocks Are Volatile After Global Sell-Off
The ups and downs in U.S. markets followed sharp declines in Asia and Europe, as fears of losses in the American housing loan market widened...
New York Times - August 10, 2007
Pressure for Bolivian president
Bolivian leader Evo Morales faces mounting challenges to his plans to reform the country and its institutions, writes Lola Almudevar in Sucre...
BBC News - August 10, 2007
Cycling: Discovery disband
Lance Armstrong's former team Discovery is to disband at the end of the season after failing to find a new sponsor...
BBC News - August 10, 2007
Global stocks take another slide
Asian and European stocks have take another tumble, as investors dump risky assets amid a global credit squeeze, while Asian central banks weigh in to calm jittery money markets or prop up their currencies. full story...
CNN - August 10, 2007
Democratic hopefuls pressed on gay issues
Democratic presidential hopefuls stressed their common ground with the gay and lesbian community in a televised forum, but one significant exception loomed -- same-sex marriage. full story...
CNN - August 10, 2007
Drill Reaches Depth of Utah Miners
Although the drilling had intersected the cavern where the men are believed to be, it had not been determined whether the men were alive...
New York Times - August 10, 2007
For Missouri, Stem Cell Amendment Changes Little
A voter-approved expansion of stem cell research in the state has run into political and financial roadblocks, putting the future of the research in doubt...
New York Times - August 10, 2007
Asian Markets Fall as Credit Fears Spread
Central banks around Asia joined efforts in the U.S. and Europe to stave off a credit crunch today, as stocks in Japan and Hong Kong fell by more than 2.5 percent...
New York Times - August 10, 2007
Mortgage Losses Echo in Europe and on Wall Street
On Thursday, stocks on Wall Street suffered their biggest one-day decline since February. Indexes fell more than 2 percent across Asia in early trading today...
New York Times - August 10, 2007
Beckham makes Major League debut
David Beckham makes his Major League Soccer debut, but is unable to prevent LA Galaxy losing 1-0...
BBC News - August 10, 2007
Canada-Syria papers released
Canadian officials suspected that the US sent a Syrian-born Canadian to Syria to be tortured, declassified papers show...
BBC News - August 10, 2007
Chavez pushes energy projects
Venezuelan President Hugo Chavez is in Bolivia on the last leg of a regional tour focusing on energy projects...
BBC News - August 10, 2007
Alleged 9/11 mastermind closer to trial
Fourteen "high-value detainees" -- including Khalid Sheikh Mohammed, the alleged mastermind behind the September 11, 2001, attacks on the United States -- have been designated as enemy combatants, placing them in line to be charged and put on trial by the U.S. military, Pentagon officials said. full story...
CNN - August 10, 2007
Bush Speaks Against Rise in Gas Tax
The president?s statement that Congress should ?examine how they set priorities? prompted angry volleys from Democrats...
New York Times - August 10, 2007
Romney Pushed on Conservative Credentials
Mitt Romney is undergoing the stiffest test yet of his effort to win over conservatives wary of his ideological credentials in the days leading up to the Iowa Straw Poll...
New York Times - August 10, 2007
Man and Youth Held in Killings of 3 in Newark
At least three other suspects were still being sought in the murder of three young people and the wounding of a fourth...
New York Times - August 10, 2007
Divers Find More Remains in Wreckage of Bridge
The death toll in the bridge collapse in Minneapolis is now seven, with at least six people still missing...
New York Times - August 10, 2007
In a Crisis, Subway Riders Get Little Guidance
The storm this week highlighted yet again deficiencies in how the M.T.A. gets information to people...
New York Times - August 10, 2007
For Missouri, Stem Cell Act Changes Little
A voter-approved expansion of stem cell research has run into political and financial roadblocks...
New York Times - August 10, 2007
Education Dept. Seeks Early Compliance on Loan Rules
The agency is asking for voluntary compliance with its proposed rules banning certain marketing practices by loan companies before the rules take effect next year...
New York Times - August 10, 2007
World Business Briefing: Germany: Shoemaker?s Sales Fall
Puma said that its second-quarter profit slipped nearly 10 percent as rising sales in Europe were offset by a 15 percent sales decline in the Americas and a slide in orders for shoes in the United States...
New York Times - August 10, 2007
F.D.A. Is Reviewing Heartburn Drugs After Studies Find Possible Heart Risk
Officials played down worries surrounding the popular heartburn drugs Prilosec and Nexium after two disturbing studies...
New York Times - August 10, 2007
World Business Briefing: Canada: Profit at Parts Maker
Magna International, an auto parts maker, reported a 36 percent rise in second-quarter profit as sales increased worldwide...
New York Times - August 10, 2007
World Business Briefing: Germany: Strike Affects Telecom
Deutsche Telekom, the largest phone company in Europe, reported a fifth consecutive decline in quarterly profit after a strike led to more fixed-line customer losses...
New York Times - August 10, 2007
World Business Briefing: New Zealand?s Jobless Rate Falls to Record Low
New Zealand?s jobless rate fell to a record low in the second quarter, adding to inflation pressure and increasing the prospect that the central bank would keep interest rates at a record high until at least June next year...
New York Times - August 10, 2007
World Business Briefing: South Korea: Interest Rate Raised
The Bank of Korea unexpectedly raised its benchmark interest rate for a second time in two months to curb lending that may fuel asset-price bubbles...
New York Times - August 10, 2007
The Churn: People in the News
People...
New York Times - August 10, 2007
Kodak Restates 2nd-Quarter Results
Eastman Kodak said its second-quarter loss from continuing operations was wider than originally reported...
New York Times - August 10, 2007
Democratic Commissioner to Leave S.E.C.
Roel C. Campos, a Democratic member of the Securities and Exchange Commission, will depart in a month for the private sector...
New York Times - August 10, 2007
Campbell Soup Considering Sale of Godiva
Analysts said there could be many suitors for the well-known luxury brand, which could fetch more than $1 billion...
New York Times - August 10, 2007
Vonage Reduces Loss, but Subscriber Growth Slows
The Internet telephone company Vonage Holdings said second quarter losses dropped significantly, but so did the number of new subscribers...
New York Times - August 10, 2007
Bear Stearns Sued Over Collapse of Fund
A limited partner in a failed hedge fund run by Bear Stearns says that the investment bank took only ?meager steps? to prevent the fund?s collapse...
New York Times - August 10, 2007
H&R Block May Delay Sale of Option One Mortgage Unit
Shares of Block, the largest tax-return preparation company in the United States, fell nearly 4 percent on the news...
New York Times - August 10, 2007
Former Johnson & Johnson Executive to Lead ImClone
John H. Johnson will become C.E.O. of ImClone Systems, maker of the colon cancer drug Erbitux...
New York Times - August 10, 2007
Home Depot Redoing Deal
The home improvement retailer Home Deport said it was renegotiating the sale of its supply unit, probably for a lower price...
New York Times - August 10, 2007
Video-Sharing Site Sues Universal Music
Veoh, an online video-sharing site, asked a judge for pre-emptive protection from a potential copyright infringement suit by Universal Music Group...
New York Times - August 10, 2007
Censoring of Song Was an Error, AT&T Says
AT&T blamed a vendor for cutting two lines criticizing President Bush from a Webcast of a Pearl Jam concert last weekend...
New York Times - August 10, 2007
Importer Recalls 255,000 Chinese Light-Truck Tires
Foreign Tire Sales, a New Jersey importer, issued the recall after two deaths in a rollover accident involving the tires, saying that the tire treads or belts might separate...
New York Times - August 10, 2007
More Apply for Jobless Benefits
The number of newly laid-off people signing up for jobless benefits rose more than expected last week, but employment conditions remained good...
New York Times - August 10, 2007
Universal Music Will Sell Songs Without Copy Protection
The move is seen by many to be part of the industry?s wider push to increase competition to iTunes and shift leverage away from Apple...
New York Times - August 10, 2007
Deal to Simplify the Business of Implanted Identity Chips
Applied Digital Solutions, maker of radio identification tags, said Thursday that it intended to acquire complete ownership of a subsidiary...
New York Times - August 10, 2007
Advertising: For Many Campaigns, the Little i?s Have It
Little ?i?s have proliferated in product names and commercial brands like the iPod and iVillage...
New York Times - August 10, 2007
Indians Protest Wal-Mart?s Wholesale Entry
Fearing that Wal-Mart could eventually undermine small retailers, some Indians are protesting the company?s plans to open 15 large wholesale outlets...
New York Times - August 10, 2007
To Curb Risk, Boston Scientific to Sell Device Maker It Bought in ?04
The medical equipment maker said it will sell Advanced Bionics to avoid future payouts that could have amounted to $2.6 billion over the next six years...
New York Times - August 10, 2007
Even Chrysler Officials Were Surprised at New Owner?s Leadership Choice
Chrysler officials were planning to announce that Wolfgang Bernhard would become the chairman of Chrysler, before learning that the position would be filled by Robert L. Nardelli...
New York Times - August 10, 2007
Retailers Report Disappointing Sales Figures for July
Analysts say that economic conditions cannot take all the blame for the disappointing July numbers reported by retailers on Thursday...
New York Times - August 10, 2007
As Credit Tightens, Investors Grow Wary of Bank?s Reliance on Debt
Macquarie Bank of Australia had become something of a model over the last few years, but now investors are questioning the bank?s debt-heavy approach...
New York Times - August 10, 2007
The Feud Behind the Sale of Barneys New York
Behind what seemed like a well-orchestrated triumph in the apparent deal to sell Barneys New York was a bitter rift between the C.E.O. and board of its owner, Jones Apparel Group...
New York Times - August 10, 2007
Product Packages Now Shout to Get Your Attention
Consumer goods companies are now using the packages for their products to grab shoppers? attention...
New York Times - August 10, 2007
Size Doesn?t Keep Goldman Fund From Gyrating With Market
Exposure at Goldman Sachs to volatile fixed-income markets may well make the bank the latests symbol of overreaching on Wall Street...
New York Times - August 10, 2007
Shaky Markets Prompt Rumors of Who?s in Trouble
Amid a volatile market, rumors of shaky hedge funds or overexposed private equity firms are running rampant as investors try to guess which will fall next...
New York Times - August 10, 2007
News Analysis: A New Kind of Bank Run Tests Old Safeguards
Savers used to respond to financial panics with runs on banks. Now the targets are the securities that have replaced banks as the prime generators of credit...
New York Times - August 10, 2007
Mortgage Losses Echo in Europe and on Wall St.
The Dow Jones industrial average lost 387 points after the European Central Bank and the Fed took action to ease the tightening credit markets. Indexes fell more than 2 percent across Asia in early trading Friday...
New York Times - August 10, 2007
Golf: Woods stumbles in Tulsa
Tiger Woods suffers a late slump as the defence of his USPGA title got under way with a one-over 71 on a steamy day at Southern Hills...
BBC News - August 10, 2007
Bodies found in US bridge rubble
Divers trawling the Mississippi river find at least two more bodies as they examine a collapsed bridge...
BBC News - August 10, 2007
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