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US News Archive for April 2007:
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Philadelphia School Sells a Second Eakins
An Arkansas museum has quietly purchased a Thomas Eakins painting from a Philadelphia medical school...
New York Times - April 11, 2007
North Korea Offers to Admit Nuclear Inspectors
It would be the first time in more than four years that North Korea has allowed U.N. nuclear inspectors...
New York Times - April 11, 2007
Defending Iraq War, McCain Assails Democrats
Senator John McCain today accused his Democratic presidential rivals of playing politics in opposing the war...
New York Times - April 11, 2007
Pentagon Orders Longer Tours for Soldiers in Iraq
All active-duty Army troops now in Iraq or Afghanistan or headed to either country will serve 15-month tours of duty...
New York Times - April 11, 2007
Former Duke Players Cleared of All Charges
Attorney General Roy Cooper of North Carolina announced today that he is dropping all of the remaining charges against three former Duke students accused of sexually assaulting a stripper more than a year ago...
New York Times - April 11, 2007
Two Top Sponsors Pull Ads From Imus Show
General Motors and American Express were reacting to controversial remarks by the radio host last week...
New York Times - April 11, 2007
As Subprime Market Implodes, a Contrarian Prospers
As the markets rise and fall, the owner of United Capital Markets has been able to profit handsomely by taking advantage of the wide swings...
New York Times - April 11, 2007
Race row US DJ loses advertisers
Two big firms pull their advertising from a US DJ's show as a row over his racist comments continues...
BBC News - April 11, 2007
US lacrosse 'abuse' case dropped
Prosecutors drop all charges over sex abuse claims against three ex-lacrosse players at a top US university...
BBC News - April 11, 2007
North Korea Offers to Admit Inspectors Promptly
It would be the first time in more than four years that North Korea has invited U.N. nuclear inspectors...
New York Times - April 11, 2007
U.S. General in Iraq Sees Wider Use of Iran Arms
A U.S. general says Iranian-made arms, used by Shiite militia members, have been found in a Sunni area...
New York Times - April 11, 2007
Islamists Bring Fight to Capital of Algeria
Two bombings in Algeria, one targeting the prime minister?s office in the country?s capital, killed at least 23 people today, marking a sharp escalation in the Qaeda-linked violence that has been spreading across North Africa in recent months...
New York Times - April 11, 2007
Citigroup to Cut 17,000 Jobs and Move 9,500
The banking giant announced a major overhaul to reduce costs and streamline operations, including the loss of 1,600 positions in New York City...
New York Times - April 11, 2007
Nuclear goals spark uranium deals
France's Areva is taking 18% in uranium firm Summit, just one sign of a growing interest in nuclear energy...
BBC News - April 11, 2007
Tennis: Serena injury ends hopes
An injury which forces Serena Williams to retire from her match ends hopes of a clash with sister Venus at the Family Circle Cup in Memphis...
BBC News - April 11, 2007
Cricket: Lara quits one-day team
West Indies captain Brian Lara confirms he is retiring from one-day internationals after the World Cup...
BBC News - April 11, 2007
Arrests in Mexico reporter murder
Police in Mexico arrest two men over the killing of a journalist last week in violence-hit Acapulco...
BBC News - April 11, 2007
Red Cross: Iraq situation 'ever-worsening'
The situation for civilians in Iraq is "ever-worsening," even though security in some places has improved as a result of stepped-up efforts by U.S.-led multinational forces, the international Red Cross said Wednesday...
CNN - April 11, 2007
Ex-Duke Players Await an Announcement
The three defendants in the Duke lacrosse sexual assault case were expecting an announcement from the North Carolina attorney general clearing them of all charges...
New York Times - April 11, 2007
No Stella, No Stanley, but a Streetcar Named Desire Visits New York City
A streetcar parked in Times Square is part of a promotion by a tourist board to get more people to visit New Orleans...
New York Times - April 11, 2007
TV Watch: Don Imus, Suspended, Still Talking
NBC had time to showcase its disgraced star on ?Today? and wring every last drop of attention from the latest ado about verbal insensitivity...
New York Times - April 11, 2007
China Conveys ?Regret? Over Trade Complaints
The American decision to complain to the World Trade Organization will ?seriously undermine? relations on trade, the Chinese government said...
New York Times - April 11, 2007
Maradona released from hospital
Argentine ex-football star Diego Maradona leaves hospital after two weeks' treatment for alcohol abuse...
BBC News - April 11, 2007
US bodies taken out of N Korea
The US governor of New Mexico succeeds in securing the remains of US soldiers killed in the Korean war...
BBC News - April 11, 2007
Macau frees N. Korea funds
Macau's Monetary Authority says holders of North Korean accounts frozen at a bank blacklisted by the United States can withdraw or transfer their money...
CNN - April 11, 2007
On Puget Sound, Criminalizing Cutting in Line
A bill that would impose a fine and a trip to the back of the queue on drivers who cut into ferry lines is one proposal intended to preserve Northwest nice...
New York Times - April 11, 2007
Columbia to Receive $400 Million for Student Aid
The gift, from billionaire John Werner Kluge, is to be one of the largest ever to an American university...
New York Times - April 11, 2007
Some in G.O.P. Express Worry Over ?08 Hopes
Party leaders are concerned about dissatisfaction with the president and political fallout from the war in Iraq...
New York Times - April 11, 2007
Sea?s Rise in India Buries Islands and a Way of Life
Thirty-one square miles of river delta islands near the Bay of Bengal have vanished in the last 30 years...
New York Times - April 11, 2007
Panel Said to Alter Finding on Voter Fraud
The revised findings echoed complaints made by Republican politicians of widespread voter fraud...
New York Times - April 11, 2007
A Lost ?Boris Godunov? Is Found and Staged
A theatrical production of Pushkin?s work, originally conceived by Sergei Prokofiev and Vsevolod Meyerhold, will debut at Princeton 70 years after being stamped out in Stalinist Russia...
New York Times - April 11, 2007
World Business Briefing | Asia: Japan: Orders for Machinery Drop More Than Expected
Machinery orders at Japanese companies fell more than expected in February from the previous month, but the figures did little to change the view that corporate investment remains strong. Core private sector machinery orders, an important gauge of corporate capital spending in the coming six to nine months, fell 5.2 percent in February from January. The figure was below economists? median forecast of a 0.2 percent fall, and followed a 3.9 percent rise in January, the biggest gain since last August, when orders jumped 6.7 percent. The market reacted little, as the data did not alter the view that the Bank of Japan would raise interest rates gradually after lifting them to a decade-high 0.5 percent in February. In separate data, the government said that Japan?s current-account surplus rose to 2.4175 trillion yen ($20.31 billion) in February, 4.9 percent more than a year earlier...
New York Times - April 11, 2007
World Business Briefing | Australia: Higher Bid for Coles Is Expected From K.K.R. Group
The Coles Group, a retail chain, said a consortium led by Kohlberg Kravis Roberts might top a takeover bid of 19.7 billion Australian dollars ($16.1 billion) made by Wesfarmers, possibly triggering a bidding war and pushing Coles shares to a record high. The bid by Wesfarmers, a conglomerate with operations ranging from home improvement sales to fertilizer manufacturing, is already the biggest ever in Australia. The chairman of Coles, Richard H. Allert, left, said in a statement that Kohlberg Kravis was confident it could equal or beat the Wesfarmers bid for Coles, which put itself up for sale in February. Wesfarmers bid 16.47 Australian dollars a share...
New York Times - April 11, 2007
World Business Briefing | Asia: South Korea: Loss Continues for L.C.D. Maker
The LG.Philips LCD Company, the world?s second-largest manufacturer of liquid-crystal displays, posted a loss in the first quarter amid a steep decline in prices. LG.Philips said it lost 169 billion won ($182 million) in the three months ended March 31, down from a profit of 48 billion won a year earlier. It was the fourth consecutive loss for the company, a joint venture between LG Electronics of South Korea and Royal Philips Electronics of the Netherlands. Sales in the quarter rose 10 percent, to 2.72 trillion won. Displays for flat-screen televisions accounted for 45 percent of the company?s revenue in the quarter, LG.Philips said...
New York Times - April 11, 2007
World Business Briefing | Europe: France: Real Estate Company Pursues Dutch Rival
A real estate company, Unibail Holding, said it had offered $15 billion in stock for a Dutch rival, Rodamco Europe, and that the board and a key shareholder of Rodamco had endorsed the deal. The companies estimated their combined real estate portfolios, focused primarily on European shopping malls, would have been worth 21.7 billion euros ($29 billion) in 2006 with rental income of 974 million euros. Unibail is offering 0.53 share of Unibail for each share of Rodamco. The deal requires regulatory approval. Unibail?s chief executive, Guillaume Poitrinal, will become chief executive of the combined company...
New York Times - April 11, 2007
Bidders Are Lining Up for a Chance to Own the Cubs
Last week, the Tribune Company put the Chicago Cubs up for sale as part of an $8.2 billion transaction in which the media company would go private...
New York Times - April 11, 2007
Celebrity: Ever-Changing Fame, as Fluid as It Is Fleeting
Anna Nicole Smith?s posthumous fame reveals the continuing American fascination with the messy celebrity story...
New York Times - April 11, 2007
Levi Profit Rose 61% in First Quarter
A long-suffering jeans maker appears to finally be on the mend...
New York Times - April 11, 2007
Merck Reports Risk of Its New Pain Pill
WASHINGTON, April 10 (Reuters) ? A study by Merck of its pain reliever Arcoxia showed similar risks of heart attacks and other cardiovascular problems compared with another painkiller, diclofenac, federal reviewers said in an analysis made public Tuesday...
New York Times - April 11, 2007
Office Rents at Record High in Manhattan
Office rents in Manhattan reached record highs in the first three months of 2007, as constrained supply more than offset a dip in leasing activity, the real estate brokerage firm Cushman & Wakefield said yesterday...
New York Times - April 11, 2007
ImClone?s Drug Fails in Pancreatic Cancer Study
ImClone Systems said yesterday that its cancer drug Erbitux failed to help pancreatic cancer patients live longer in a study, a setback for the company?s plan to expand the market for its only product...
New York Times - April 11, 2007
Orders Off at Builder
D. R. Horton, the largest United States home builder, said yesterday that orders for new homes tumbled 37 percent last quarter and that the spring selling season had begun more slowly than usual...
New York Times - April 11, 2007
Viacom to Use Yahoo in Many Ad Searches
Viacom said the partnership with Yahoo covered sites for MTV, VH1, Comedy Central and Nickelodeon and could be expanded...
New York Times - April 11, 2007
Euro Rises on Signs of Faster European Growth
The euro advanced to a record against the yen and a two-year high against the dollar as signs of faster economic growth in Europe prompted traders to increase their bets on higher interest rates...
New York Times - April 11, 2007
Defense Asserts Black?s Use of Hollinger Jet Was Encouraged by Board
The media magnate Conrad M. Black was urged by his company to use a corporate jet to travel to the Pacific island of Bora Bora on vacation because of safety concerns, his lawyers suggested...
New York Times - April 11, 2007
Profits Soar at Alcoa on Strong Demand and Higher Prices
Alcoa reported its most profitable first quarter ever as rising metal demand from China and the aerospace industry bolstered prices...
New York Times - April 11, 2007
Stocks & Bonds: Uptick as Street Awaits Quarterly Results
Stocks edged higher, giving the Dow Jones industrial average an eighth consecutive increase, though a modest one, for its longest streak since 2003...
New York Times - April 11, 2007
Rutgers Women Send Imus an Angry Message
Rutgers? players were defending their honor at a news conference Tuesday after Don Imus, the radio talk show host, had derided them as ?nappy-headed hos? on the air...
New York Times - April 11, 2007
[TS] Sports of The Times: A First-Class Response to a Second-Class Put-Down
Whatever the label, women are always first to be part of the gag when sexism and misogyny are publicly sanctioned and celebrated ? particularly in sports...
New York Times - April 11, 2007
Economix: A Word of Advice During a Housing Slump: Rent
For years, homeownership made more sense than renting. But now it is clear that people who chose renting over buying in the last two years made the right move...
New York Times - April 11, 2007
A Studio Head Who Resigned Is Back
In a surprise move, Henry Winterstern, who abruptly resigned as chairman of the independent studio First Look in March, has been named co-chairman of the studio, the company announced...
New York Times - April 11, 2007
Group Questions Cellphone Fund-Raising
A consumer group contends that a program that allows donations to the Red Cross via text messages is a business development strategy masquerading as charity...
New York Times - April 11, 2007
Tied to a City, a Farmers? Market Proves Hardy
Until last summer, a 136-year-old building had been an eyesore at the center of Portland, Me. You would never know it now...
New York Times - April 11, 2007
Senate Inquiry in Loan Case Is Studying Stock Transfer
Financial aid directors at three universities received stock in a student loan company in what may have been a violation of securities law...
New York Times - April 11, 2007
Minding the Store in a Condo
The market for retail condominiums in Manhattan has skyrocketed in recent years. More than 560,000 square feet of retail condo space sold last year, a sharp increase from 28,000 square feet in 2003...
New York Times - April 11, 2007
Advertising: Where on the Web Is Matt Lauer?
As NBC?s ?Today? prepares for this year?s ?Where in the World Is Matt Lauer?? Hyundai will sponsor a Web site following the host...
New York Times - April 11, 2007
Romania, a Poor Land, Imports Poorer Workers
Romania?s low wages and recent membership in the European Union is fueling a wave of emigration that threatens to slow an economic boom in recent years...
New York Times - April 11, 2007
French Luxury Retailer Makes a Friendly Bid for Puma
PPR bid about $7 billion for Puma, promising to keep its chief executive, Jochen Zeitz, at the helm of the company he turned around...
New York Times - April 11, 2007
Jailed Adviser Is Sentenced and Fined in Fraud Case
Martin A. Armstrong was sentenced to five years in prison and ordered to pay $80 million for running what prosecutors said was a $3 billion Ponzi scheme...
New York Times - April 11, 2007
Closing Arguments Begin in Trial of Ex-Qwest Chief
Joseph P. Nacchio faces 42 counts of insider trading related to his sale of more than $100 million in Qwest stock in 2001...
New York Times - April 11, 2007
Take-Two?s Mr. Fix-It Inherits a Handful
Strauss Zelnick has taken on risky corporate restructurings before, but he says none have been as complex as at Take-Two Interactive Software, where he was named chairman two weeks ago...
New York Times - April 11, 2007
Imus Struggling to Retain Sway as a Franchise
Whether Don Imus can use a meeting with the Rutgers women?s basketball team to save his career is unclear...
New York Times - April 11, 2007
Galapagos Islands 'facing crisis'
Ecuador's president says the unique environment of the Galapagos Islands is at risk and declares it a national priority...
BBC News - April 11, 2007
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