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US News Archive for August 2006:
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Deal nears as tanks rumble
The U.S. and France said Friday they have agreed on the text of a deal to end fighting between Israel and Hezbollah. As Israeli forces massed along its border with Lebanon, Israeli Foreign Ministry spokesman Mark Regev told AP that Israel was still open to a negotiated solution...
CNN - August 11, 2006
U.N. to vote on Lebanon cease-fire resolution
France and the United States said Friday they have agreed on a final text of a resolution that could end the fighting between Israel and Hezbollah in southern Lebanon...
CNN - August 11, 2006
U.S. fliers throwing out lip gloss and wine
Loads of liquid goods discarded by airline passengers at security checkpoints will end up in the trash, not in the pockets of airport employees or others, officials at airports across the country promised Friday...
CNN - August 11, 2006
Can the GOP use terrorism to win -- again?
Could there be political fallout in the United States from the terror arrests in Britain? Polls suggest that the Republicans may not be able to use terrorism as an issue against the Democrats during the midterm elections...
CNN - August 11, 2006
Mike Douglas, Genial TV Host, Dies at 81
His show was a beacon of popular culture, with Robert Frost one day, Richard Pryor the next...
New York Times - August 11, 2006
U.S. Embassy Warns of Bomb Attacks in India
The embassy urged American citizens living and working in India to “maintain a low profile.”...
New York Times - August 11, 2006
3 G.I.’s and 1 NATO Troop Killed in Afghanistan
U.S. soldiers have encountered fierce resistance since moving into Nuristan province to establish bases...
New York Times - August 11, 2006
Israeli Leader Backs Deal Set for Approval by U.N. Council
Prime Minister Ehud Olmert of Israel agreed to recommend that his government approve a resolution to halt the fighting in Lebanon...
New York Times - August 11, 2006
U.S. Air Travel Appears Nearly Normal
Long security waits at airports resulting from the imposition of the new restrictions were all but gone...
New York Times - August 11, 2006
Boeing in Deal with Russians on Its 787 Dreamliner
The Ural Mountain factory will likely fall under United States sanctions against companies that have exported military technology to Iran...
New York Times - August 11, 2006
Airport Retailers Are Left With Uncertain Future
Merchants are facing the possibility that they will again become unintended victims of enhanced airport security...
New York Times - August 11, 2006
Inco targeted by $17bn buyout bid
Brazilian mining group CVRD tables a $17bn takeover offer for Canadian rival Inco...
BBC News - August 11, 2006
Gatlin offered way to reduce ban
Justin Gatlin could escape a life ban for doping if he testifies against his coach, the US Anti-Doping Agency says...
BBC News - August 11, 2006
NFL: Roethlisberger back
Ben Roethlisberger will start for Pittsburgh in their pre-season opener two months after a serious motorcycle crash...
BBC News - August 11, 2006
Chile miners begin pay row talks
Striking workers at the world's largest copper mine in Chile resume talks with management over a wage dispute...
BBC News - August 11, 2006
Dell sued over 'false' ads claims
Computer giant Dell is sued in China over allegations of false advertising surrounding one of its laptop models...
BBC News - August 11, 2006
Israel: Troops to expand offensive
Israel's prime minister has ordered the Israeli military to expand its ground offensive into Lebanon, according to the Israeli Defense Ministry. Word the new push came after U.S. Ambassador to the U.N. John Bolton said diplomats were close to a cease-fire deal...
CNN - August 11, 2006
U.S. fliers face more searches
Tight new security measures that caught passengers unaware Thursday were still evolving at U.S. airports early Friday, with a second layer of security checkpoints being added at airport gates and National Guard troops arriving to patrol major airports in New York, California and Massachusetts...
CNN - August 11, 2006
The Morning Grind: The politics of terrorism
It took no time for the war on terrorism to become the hot political issue of the week, three months before voters head to the polls and choose which party is going to control Congress next year...
CNN - August 11, 2006
Muslim tipoff 'led to arrests'
A British intelligence official has told CNN that the original information about a plot to down commercial jetliners in mid-Atlantic with explosives came from a tip from the Muslim community in Britain...
CNN - August 11, 2006
US consumers spend more in July
US shoppers show more willingness to spend in July - pushing retail sales up by 1.4% on June levels...
BBC News - August 11, 2006
Canada premiere for Branagh
Kenneth Branagh's film of Mozart's The Magic Flute will premiere at the Toronto Film Festival...
BBC News - August 11, 2006
Earthquake shakes Mexican capital
A strong earthquake rocks Mexico City prompting the evacuation of a number of buildings...
BBC News - August 11, 2006
Suspects left 'martyrdom tapes'
Two men recorded tapes to be played after attacks, sources say"Terrorists" were planning dry run, U.S. sources sayUndercover UK agent told authorities to swoop on gangBank of England freezes funds of 19 people...
CNN - August 11, 2006
'Martyrdom tapes' made
Terrorists were in the "final stages" of a plot to simultaneously blow up as many as 10 jets leaving Britain for the U.S., sending the planes and thousands of passengers into the Atlantic Ocean, U.S. Homeland Security Secretary Michael Chertoff said. Two of the suspects had made "martyrdom tapes."...
CNN - August 11, 2006
Quandary for Office Tenants: Downtown or Jersey City?
Office leasing at ground zero is on the rise, but is also getting hot in Jersey City, where a forest of office towers grew up on the waterfront in the 1990’s...
New York Times - August 11, 2006
Foreign Briefing: Phelps Dodge Offer for Inco Advances in Canada
A judge in Ontario approved Inco’s plan to be bought by the Phelps Dodge Corporation and allow shareholders to vote on the proposal on Sept. 7, even as Inco considers a rival offer from Teck Cominco. Judge Colin Campbell of Ontario Superior Court issued an interim order approving the company’s plan after a hearing in Toronto, Inco’s chief legal officer, Simon Fish, said. The sale to Phelps Dodge, based in Phoenix, can be scuttled if enough stockholders tender their shares to Teck by Aug. 16. Teck, which already owns about 4.5 percent of Inco, needs two-thirds of the shares to move ahead with the takeover. Inco, which is based in Toronto, supports Phelps’s bid, although the company said it would be willing to consider Teck’s proposal if it were improved. Teck’s chief executive, Donald Lindsay, said Tuesday that a higher bid was “unlikely.”...
New York Times - August 11, 2006
The Churn: People
People...
New York Times - August 11, 2006
Foreign Briefing: South Korea’s Central Bank Raises Interest Rate
South Korea’s central bank unexpectedly raised its benchmark interest rate a quarter percentage point to a five-year high to quell inflation. The Bank of Korea governor, Lee Seong Tae, and his fellow policy makers lifted the overnight call rate to 4.5 percent, the highest since September 2001. “Price pressures will strengthen,” Mr. Lee told reporters in Seoul after the fifth increase in less than a year. The central bank is plagued by concerns that prices could get out of hand,” said Lee Sang Jae, an economist at the Hyundai Securities Company in Seoul. “The rate increases will reduce chances of a nasty price spiral, and the yearlong tightening cycle appears to be over with today’s rise.”...
New York Times - August 11, 2006
Foreign Briefing: Telstra’s Earnings Show 26% Decrease
Australia’s dominant telecommunications company, Telstra, said its net profit in the year that ended June 30 fell 26 percent, to 3.18 billion Australian dollars ($2.44 billion), its lowest in nine years, as customers continued to drop its fixed-line service for competitors’ cellular phones. Revenue rose 2.7 percent, to 22.75 billion Australian dollars. Australia’s government has plans to sell its remaining 51.8 percent stake in the company, but Telstra’s declining fortunes have wiped roughly 6.7 billion Australian dollars off the value of the stake since last year. That was when the former chief executive of US West, Solomon D. Trujillo, was named Telstra’s chief executive and began battling regulators’ demands that Telstra guarantee service across the Australian outback and open its networks to competitors...
New York Times - August 11, 2006
Foreign Briefing: Sales of Beef From U.S. Are Brisk in Japan
Sales of American beef in Japan are off to a fast start with 500 tons sold since the market reopened July 27 and three stores in Tokyo selling out this week, meat industry officials said. The United States Meat Export Federation, which develops overseas markets, said five tons at three Costco stores in the Tokyo area sold out on the first day. “That initial shipment sold out in one day, and Costco is awaiting additional shipments,” said Cheryl Kamenski, a spokeswoman for the federation. Japan closed its border to United States beef in December 2003 when a case of mad cow disease was discovered in a Washington State cow. Japanese officials accepted measures to verify the safety of United States beef two weeks ago...
New York Times - August 11, 2006
Pace of Economic Growth Slackens in Japan
Economists also said that moderate expansion and a gradual rise in interest rates remained intact...
New York Times - August 11, 2006
Foreign Briefing: Profit Falls at Deutsche Telekom
Deutsche Telekom said that its second-quarter profit fell 14 percent because of the loss of traditional phone users, and it cut its profit outlook for the rest of this year and 2007, setting off a 7 percent decline in its share price. Deutsche Telekom blamed intense competition in Europe’s telecommunications industry for the decline. The chief executive, Kai-Uwe Ricke, left, hinted that more job cuts and streamlining of operations were likely. The company earned 1.01 billion euros ($1.3 billion) in the period compared with 1.17 billion euros a year earlier. Sales rose 2.6 percent, to 15.1 billion euros ($19.3 billion), helped in part by better international sales, which rose 12.3 percent. Domestic sales were down 4.4 percent...
New York Times - August 11, 2006
Andrew Corp. Says That It Is Not for Sale
The announcement sent its shares down on fears that the company had missed a chance to gain strength in a consolidating market...
New York Times - August 11, 2006
Movie Gallery Posts Loss; Shares Tumble
The film rental chain said that it had hired an investment bank and turnaround specialists to help it revamp...
New York Times - August 11, 2006
Judge Orders $1 Million Cash Added to Media Baron’s Bond
A federal judge raised the bond for Conrad M. Black by $1 million saying he had lied about how much he was worth...
New York Times - August 11, 2006
EchoStar Profit Is Off 80%
The satellite television service said second-quarter profit fell 80 percent, but sales exceeded analysts’ estimates...
New York Times - August 11, 2006
Energy Sales Lift Canada’s Surplus
Canada’s trade surplus grew to 4.75 billion Canadian dollars ($4.24 billion), from 4.11 billion dollars in May...
New York Times - August 11, 2006
Penney and Target Exceed Expected Profits
Penney’s profit surged on improving sales of jewelry, accessories and women’s apparel, while Target overcame a sales slowdown in July...
New York Times - August 11, 2006
Brocade Officers Settle Suits Over Options
Officers of the software maker agreed to pay $525,000 to settle shareholder lawsuits over stock-option backdating...
New York Times - August 11, 2006
Unit of Citigroup Fined $1.1 Million
The fine settles charges that Citigroup allowed brokers to submit false disability claims to avoid paying mutual fund fees...
New York Times - August 11, 2006
Glaxo to Pay $70 Million to Settle Suits on Drug Prices
Civil lawsuits accused the pharmaceutical company of inflating costs of several medicines...
New York Times - August 11, 2006
Shares Tumble After ImClone Decides to Stay Independent
ImClone said that it was searching for a new chief executive and that it had invited the billionaire investor Carl C. Icahn to join its board...
New York Times - August 11, 2006
Bain Capital Nears Deal to Buy a Maker of Insurance Software
Bain Capital’s deal for Applied Systems ends a months-long auction among rival private equity firms...
New York Times - August 11, 2006
Despite Terror Plot, Shares Rise on Oil and Earnings
European markets tumbled Thursday, but strong earnings reports from a Dow component and others provided support for Wall Street...
New York Times - August 11, 2006
BP mulls Alaska oilfield future
BP is set to decide whether to close the whole Prudhoe Bay oilfield, which accounts for 8% of US oil output...
BBC News - August 11, 2006
Betonsports to close US business
Gaming website Betonsports is to close US-facing operations after it is prevented from taking US bets...
BBC News - August 11, 2006
US warns of India terror attacks
The US warns of possible terror attacks in Delhi and Mumbai in the run-up to India's Independence Day celebrations...
BBC News - August 11, 2006
Tennis: Serena Williams through
Serena Williams joins top seed Maria Sharapova in the quarter-finals of the JPMorgan Chase Open in Los Angeles...
BBC News - August 11, 2006
Katrina jail 'horror' condemned
Thousands of New Orleans prisoners were abandoned in the wake of Hurricane Katrina, a US civil rights group says...
BBC News - August 11, 2006
Violence flares in south Mexico
One man is killed as gunmen fire on striking teachers marching through the Mexican city of Oaxaca...
BBC News - August 11, 2006
Agent 'infiltrated terror cell'
"Terrorists" were planning dry run, U.S. sources sayUndercover UK agent told authorities to swoop on gangSuspects trawled Internet for flights with similar departure timesBank of England freezes funds of 19 people...
CNN - August 11, 2006
Agent infiltrated terror cell, U.S. says
Terrorists were in the "final stages" of a plot to simultaneously blow up as many as 10 jets leaving Britain for the U.S., U.S. Homeland Security Secretary Michael Chertoff has said...
CNN - August 11, 2006
Panel’s Report Urges Higher Education Shake-Up
A federal commission’s report calls for standardized tests, federal monitoring of quality and financial aid changes...
New York Times - August 11, 2006
Auburn Ousts 2, but Doesn’t Fault Athletics
The resignations came after reports that athletes got high grades in classes that required little work...
New York Times - August 11, 2006
Blast Kills 35 at Shiite Shrine in Najaf
The attacker set off his bomb at a police checkpoint near the holiest shrine of Shiite Islam during a patdown search...
New York Times - August 11, 2006
Weapons: Israel Asks U.S. to Ship Rockets With Wide Blast
Some officials have sought to delay the approval because of concerns over the likelihood of civilian casualties...
New York Times - August 11, 2006
For Californians, Deadly Heat Cut a Broad Swath
A death toll in last month’s heat wave of roughly 140, the highest since 1955, has shocked and unnerved officials...
New York Times - August 11, 2006
2 Editors Resign at Web Site Linked to Journalism Review
The managing editor of CJRDaily.org, an online adjunct of The Columbia Journalism Review, and his deputy quit after they were told the site’s budget would be cut in half...
New York Times - August 11, 2006
I.B.M. to Buy Content Software Maker for $1.6 Billion
The acquisition of FileNet is a move by I.B.M. to strengthen its position in the market for content management software...
New York Times - August 11, 2006
Across the Nation: Crackdown Costs Travelers Water, Lipstick and Time
The most mundane, comforting things joined the list of items banned from carry-on baggage for travelers in the United States...
New York Times - August 11, 2006
[TS] Atmel’s Mess: You’re Fired. No, You Are.
The situation at the Atmel Corporation never could have happened without Sarbanes-Oxley and the other reforms that followed the Enron scandal...
New York Times - August 11, 2006
Legal Beat: A Wall Street Rush to Patent Profit-Making Methods
An intellectual property arms race is escalating on Wall Street where firms are building up stockpiles of patents for all sorts of financial dealings...
New York Times - August 11, 2006
BetOnSports, After Indictment, Folds Its Hand and Decides to Move to Asia
BetOnSports told 800 employees in Costa Rica and Antigua, where the virtual casino has its operations, that they would be losing their jobs...
New York Times - August 11, 2006
A Brief Recovery and Now This
The foiled terrorist plot in London throws into doubt whether the U.S. airline industry will be able to continue its nascent recovery...
New York Times - August 11, 2006
Economy Often Defies Soft Landing
Many economists warn that the Fed is either too rosy about the looming slowdown or naïve about the difficulty of reaching its goal for inflation...
New York Times - August 11, 2006
U.S. Trade Gap Narrowed in June
The trade deficit reached $64.8 billion in June, modestly below the $65 billion deficit recorded for May...
New York Times - August 11, 2006
Hedge Fund Manager Who Plays His Cards Right
After entering the World Series of Poker on a whim, David Einhorn won more than $650,000 and gave all his winnings to charity...
New York Times - August 11, 2006
Advertising: Out With the Cashmere, in With the Variety
Saks Fifth Avenue’s new fall campaign, “Want It!,” indicates that the broader the appeal, the better...
New York Times - August 11, 2006
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