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US News Archive for May 2007:
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Bittersweet grad day at Virginia Tech
Some families of the 32 shooting victims couldn't bear to attend Virginia Tech's graduation on Friday. Others said they had no choice but to come. "We have to. This is right for us," said Peter Read, whose freshman daughter Mary Karen Read was among those killed in the April 16 attack...
CNN - May 11, 2007
Pakistani city feels like Taliban enclave
Quetta looks and feels like Afghanistan in the 1990s -- when the country was ruled by strict Islamic Taliban fundamentalists -- with men in traditional turbans and long beards all around. Hundreds of thousands of Afghan refugees mix with the locals, but there is also a concern that Taliban supporters and fighters are there too -- going as far as setting up havens...
CNN - May 11, 2007
In Houston, Giuliani Defends Abortion Stance
Rudolph W. Giuliani said that he favors abortion rights, certain restrictions on gun ownership and gay rights...
New York Times - May 11, 2007
Mixed Mood on Campus at Va. Tech Graduation
Today, as parents arrived for graduation ceremonies, it was hard to tell the tears of joy from those of sadness...
New York Times - May 11, 2007
Pope Canonizes Brazil?s First Native-Born Saint
After the ceremony, Benedict XVI called for more forceful evangelization efforts throughout Latin America...
New York Times - May 11, 2007
Thomson to Sell Educational Group
The $7.75 billion deal comes as the Canadian information company ponders a merger with Reuters...
New York Times - May 11, 2007
US 'terror alert' for Germany
US officials play down a media report warning of an imminent terror threat to US targets in Germany...
BBC News - May 11, 2007
Golf: Sawgrass leaderboard
Leading scores from Sawgrass...
BBC News - May 11, 2007
'Hostages held' at Russia embassy
An armed man seizes hostages at the Russian embassy in Costa Rica's capital, San Jose, police say...
BBC News - May 11, 2007
U.S. general seeks more troops
The U.S. military commander in charge of northern Iraqi operations says he has insufficient troops to stem rising insurgent violence in Diyala province. Army Maj. Gen. Benjamin R. Mixon did not specify whether more U.S. or Iraqi forces were needed...
CNN - May 11, 2007
Catalina burns, tourists flee
A wildfire burned several homes on the edge of Avalon, Santa Catalina Island's main city, as residents and visitors fled the resort isle more than 20 miles off the Southern California coast...
CNN - May 11, 2007
6 Charged in Fort Dix Plot Held Without Bail
The men, charged with plotting to attack Fort Dix, were arrested on Tuesday after a 15-month investigation...
New York Times - May 11, 2007
Wildfire Threatens a California Resort Island
Firefighters struggled today to prevent a wildfire from reaching homes on the edge of Santa Catalina Island...
New York Times - May 11, 2007
On Carrier in Gulf, Cheney Warns Iran
From an aircraft carrier in the Persian Gulf, Vice President Dick Cheney today warned that the U.S. would not let Iran obtain nuclear weapons or dominate the region...
New York Times - May 11, 2007
Yukos Headquarters Is Bought for $3.9 Billion
A mystery company outbid the state-controlled Rosneft for assets belonging to what was once Russia?s biggest oil producer...
New York Times - May 11, 2007
Alcatel-Lucent Has Losing Quarter but Sees Better Days Ahead
Effects of the merger weighed on the bottom line, but the company said it expected full-year revenue growth of 4 to 6 percent...
New York Times - May 11, 2007
US consumers curb their spending
US retailers stumble in April as rising petrol prices take their toll on consumer spending, figures show...
BBC News - May 11, 2007
Cycling: Landis Armstrong claim
Floyd Landis claims he has been offered a softer sentence for doping if he provides evidence against Lance Armstrong...
BBC News - May 11, 2007
LA riot probe gets Belfast lesson
A senior policeman in Los Angeles is demoted and 60 others are reassigned after May Day clashes...
BBC News - May 11, 2007
US admits Afghan civilians killed
US-led forces admit civilians were killed in fighting with the Taleban in Afghanistan's Helmand province...
BBC News - May 11, 2007
US general warns against torture
The top US commander in Iraq writes a letter to troops warning them against torturing or abusing Iraqi detainees...
BBC News - May 11, 2007
UK police face no action on shooting
Uk officers involved in the shooting of Brazilian Jean Charles de Menezes face no disciplinary action...
BBC News - May 11, 2007
Brown launches UK leadership bid
Gordon Brown has launched his campaign to become Britain's next prime minister a day after Tony Blair ended weeks of speculation by announcing he would stand down in June. Earlier, Blair delivered a ringing endorsement of Brown, who has served as his finance minister...
CNN - May 11, 2007
War bill's future uncertain
U.S. President George W. Bush might not get a chance to follow through on his vow to veto a House-passed $96 billion war spending bill that would tie war funding past July to a progress report. The House's approval on Thursday sends the bill to the Senate, where it faces an uncertain future...
CNN - May 11, 2007
Fire threatens city on California resort island
A wildfire burned several homes on the edge of Santa Catalina Island's main city as residents and visitors fled the resort isle more than 20 miles off the Southern California coast...
CNN - May 11, 2007
War-funding bill faces uncertain future in Senate
President Bush might not get a chance to follow through on his vow to veto a $96 billion war spending bill passed by the House that would tie war funding past July to a progress report...
CNN - May 11, 2007
Caracas Journal: Vendors? Removal Brings a Venezuelan Gem Back to Life
The local government has cleaned up a boulevard that once symbolized effervescent intellectual life in Caracas...
New York Times - May 11, 2007
Bush and Democrats in Accord on Trade Deals
The administration reached agreement with Democrats to attach environmental and worker protections in several pending trade pacts...
New York Times - May 11, 2007
US deal on free trade standards
The US Congress and the White House agree on new standards for countries with free trade deals with the US...
BBC News - May 11, 2007
UK police face no action on shooting
Uk officers involved in the shooting of Brazilian Jean Charles de Menezes face no disciplinary action...
BBC News - May 11, 2007
U.S. House defies Bush veto threat
The U.S. House of Representatives approves a war spending bill that would make continued funding of the Iraq war dependent on a July progress report -- defying President George W. Bush's threat to veto the bill a second time...
CNN - May 11, 2007
Wildfire scorches island off California
A 400-acre wildfire erupted on the getaway spot of Santa Catalina Island, forcing evacuations just as firefighters were mopping up a blaze at another Southern California playground, Los Angeles' sprawling Griffith Park...
CNN - May 11, 2007
War funding vote ignores veto threat
The House approved a $96 billion bill that would tie continued funding of the Iraq war to a July progress report -- defying a threat from President Bush to issue a second veto...
CNN - May 11, 2007
Pope urges youths to resist 'snares of evil'
Pope Benedict XVI on Thursday urged tens of thousands of young Catholics packing a soccer stadium to resist the temptations of wealth, power and other "snares of evil." He also touched on sexual themes with a call for fidelity between spouses and chastity "both within and outside marriage" -- church language for responsible sex...
CNN - May 11, 2007
Democrats Push Gonzales on Attorney Dismissals
Attorney General Alberto R. Gonzales stuck to his past assertions that the firings were appropriate...
New York Times - May 11, 2007
Wildfire Threatens a California Resort Island
A 500-acre wildfire erupted on Santa Catalina Island in California, forcing evacuations as more than 150 firefighters battled the blaze...
New York Times - May 11, 2007
Highway Debris, Long an Eyesore, Grows as Hazard
California is beginning to address the issue of deaths caused by accidents involving objects on highways...
New York Times - May 11, 2007
Romney Works to Put Skeptics? Doubts to Rest
Many conservative Christians are concerned about Mitt Romney?s religion and his recent shift on abortion rights...
New York Times - May 11, 2007
Interpublic?s Quarterly Loss Is Wider Than Forecast
The Interpublic Group of Companies posted a larger-than-expected quarterly loss yesterday as it struggled with high salary costs and weak revenue in Europe and Asia...
New York Times - May 11, 2007
Profit Nearly Triples at Sara Lee
DOWNERS GROVE, Ill., May 10 (AP) ? The food and household products maker Sara Lee Corporation said Thursday that its third-quarter profit nearly tripled on revenue growth in its international beverage, bakery, household and body care segments...
New York Times - May 11, 2007
Subscriber Growth Pushes Earnings Up 7% at EchoStar
EchoStar Communications, parent of the Dish Network satellite television service, said yesterday that its quarterly profit rose 7 percent as subscriber growth helped overcome higher marketing costs in the face of tough competition...
New York Times - May 11, 2007
Ex-BP Chief Leaves Goldman Board
The Goldman Sachs Group said yesterday that John Browne, who quit as chief executive of BP on May 1 after it emerged that he had lied during legal proceedings about how he met a former lover, had resigned from the Goldman board...
New York Times - May 11, 2007
Tyco Named in Bondholders? Lawsuit
The American International Group has filed a bondholders? lawsuit against Tyco International to stop the conglomerate?s planned bond tender offer, saying Tyco was offering a below-contract price for its debt...
New York Times - May 11, 2007
The Churn: People
People...
New York Times - May 11, 2007
ABN Amro Executive Resigns
LONDON, May 10 ? ABN Amro, the Dutch bank that is the target of one of the world?s largest takeover battles, said Thursday that Hugh Y. Scott-Barrett, its chief financial officer, had handed in his resignation, amid other departures from the bank...
New York Times - May 11, 2007
A.I.G. Reports 29% Increase in Profit
The American International Group, one of the world?s largest insurers, said yesterday that its profit rose more than 29 percent in the first quarter on strong growth in underwriting results and investment income...
New York Times - May 11, 2007
$45 Million Invested in Internet TV Venture
Joost, a start-up that delivers television programming over the Internet, said that it had received $45 million in financing...
New York Times - May 11, 2007
A Big Decline as Investors Take Profits
Stocks plunged yesterday, slicing nearly 150 points off the Dow Jones industrial average after weak sales heightened concerns about a slowdown in consumer spending...
New York Times - May 11, 2007
Dairy Council to End Ad Campaign That Linked Drinking Milk With Weight Loss
A national advertising campaign that associates dairy products with weight loss will be curtailed because research does not support the claim...
New York Times - May 11, 2007
Rate in Europe Held Steady; Currency Rise Stirs Concern
The European Central Bank signaled that it would lift borrowing costs as early as June to prevent a robust European economy from stoking inflation...
New York Times - May 11, 2007
Earnings Down 36% at Viacom as Expenses Rise
The media conglomerate Viacom said that its first-quarter profit fell 36 percent, dragged down by revamping charges and higher costs at its MTV Networks...
New York Times - May 11, 2007
Out of Chaos, Order. Or So Google Says.
A strategy announcement by Google is less a shift than a new message ? a way for the company to talk about its initiatives in a way shareholders can readily understand...
New York Times - May 11, 2007
Punishing Court Day for Black?s Ex-Deputy
David Radler, the chief witness against the media baron Conrad M. Black, endured more withering cross-examination and was again called a liar...
New York Times - May 11, 2007
Ex-Comverse Lawyer Going to Jail in Options Backdating Plan
The former top lawyer at the software maker Comverse Technology became the first corporate executive to be sentenced for options-related crimes...
New York Times - May 11, 2007
At Vonage, Sales Increase as Litigation Clouds Future
Vonage said that its quarterly loss narrowed and sales rose 64 percent amid a fierce legal battle with Verizon Communications that has left its future in question...
New York Times - May 11, 2007
Advertising: After Scandal, Cycling Struggles for Sponsors
With the Tour de France approaching this summer, the sport of cycling is taking brutal spills in corporate suites...
New York Times - May 11, 2007
V.C. Nation: Some Unrest Is Bubbling Beneath the Top Tier
Some limited partners say the venture capital industry is far less healthy than it advertises...
New York Times - May 11, 2007
NBC Orders Five Dramas for Next Season
NBC took the first steps toward rebuilding its prime-time schedule by ordering five new hours of drama programs, which will be part of the fall schedule...
New York Times - May 11, 2007
Shareholders Give Ex-Chief the Blame for Ford Woes
Ford shareholders criticized every decision that the company?s executive chairman, William Clay Ford Jr., had made, except one: his choice of successor...
New York Times - May 11, 2007
Europeans Press Wolfowitz to Quit as Bank Chief
European leaders said that Paul D. Wolfowitz would face a no confidence vote next week by the World Bank?s board...
New York Times - May 11, 2007
Canadian Pension Funds Becoming Buyout Players
The Canadian Pension Plan Investment Board is heading up a consortium that has been in talks on a possible $45 billion buyout of the parent of Bell Canada...
New York Times - May 11, 2007
Guilty Pleas and Charges Filed in 2 Couples? Insider Cases
A former Morgan Stanley employee and her husband pleaded guilty to insider trading charges, while another couple was arrested and charged in a separate case...
New York Times - May 11, 2007
A Nuclear Reactor Reborn
The Tennessee Valley Authority plans to reopen its Browns Ferry 1 nuclear reactor this month, 22 years after it was shut for safety reasons...
New York Times - May 11, 2007
Facebook to Offer Free Classifieds
The social networking Web site will offer ads to compete with Craigslist, MySpace and newspapers...
New York Times - May 11, 2007
6 Former Workers at a Day Trading Firm Are Acquitted
A federal jury in Brooklyn acquitted two former stockbrokers and four former employees of securities fraud charges in what became known as the ?squawk box? case...
New York Times - May 11, 2007
Retail Sales Fell Sharply Last Month
Sales were dismal, suggesting that rising gas prices and the flagging housing market are starting to weigh on consumers...
New York Times - May 11, 2007
Drug Maker to Plead Guilty to Making False Statements
Bristol-Myers Squibb said that it would plead guilty to criminal charges that it made false statements to the government...
New York Times - May 11, 2007
[TS] High & Low Finance: $350 Liquor? Just Spreading the Wealth
Private enterprise is stepping in as the government no longer fills a role it once did: income redistribution...
New York Times - May 11, 2007
Puffing Away That PG Rating
Smoking would be considered alongside sex and violence in assessing the suitability of movies for young viewers...
New York Times - May 11, 2007
Panel to Look at Conflicts in Consulting
Congress is looking into potential conflicts among executive compensation consulting firms that do lucrative work for companies whose pay they help devise...
New York Times - May 11, 2007
JetBlue?s Leader Is Giving Up Chief Executive Title
After months of being beaten up over a service meltdown at the company he founded, David G. Neeleman reluctantly agreed to step aside...
New York Times - May 11, 2007
Bush in Accord With Democrats on Trade Deals
The Bush administration reached agreement with Democrats to attach environmental and worker protections in several pending trade accords...
New York Times - May 11, 2007
Trade Deficit Hits a Six-Month High
The price of oil and a surge of imports in March widened the imbalance, though exports continued to rise...
New York Times - May 11, 2007
Narcotic Maker Guilty of Deceit Over Marketing
The company that makes the painkiller OxyContin pleaded guilty to criminal charges that the firm had misled doctors and patients...
New York Times - May 11, 2007
Golf: Mickelson leads at Sawgrass
Phil Mickelson and Rory Sabbatini share the first-round lead at the Players' Championship but Tiger Woods is eight shots adrift...
BBC News - May 11, 2007
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