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US News Archive for Octomber 2006:
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U.S. pushes swift NK sanctions
Despite concerns from China and Russia for more diplomacy, the United States is pushing the U.N. Security Council to pass a strong resolution against North Korea this week after Pyongyang's reported nuclear test Monday...
CNN - October 12, 2006
Warner Rules Out Run for White House in 2008
The ex-governor of Virginia was widely regarded as an attractive candidate because he is a centrist Democrat...
New York Times - October 12, 2006
Parolee Convicted of Murdering Actress
The jury convicted Rudy Fleming of murdering of Nicole duFresne, an actress, during a mugging in 2005...
New York Times - October 12, 2006
Times Editorial Page Editor Steps Down
Gail Collins, the first woman to run the page, is stepping down and will be succeeded by Andrew Rosenthal...
New York Times - October 12, 2006
Slain Reporter’s Last Story Bares Chechen Torture
Anna Politkovskaya’s last column presented new allegations of torture by government security forces...
New York Times - October 12, 2006
Investigators Piece Together Clues From Crash Site
Federal aviation investigators said today they have not yet determined who was piloting the plane...
New York Times - October 12, 2006
Turkish Writer Wins Nobel in Literature
Orhan Pamuk, whose work explores the tensions between Muslims and the west, is a divisive figure in Turkey...
New York Times - October 12, 2006
Aide testifies in US e-mail row
A top aide to disgraced ex-Congressman Mark Foley has testified before a House of Representatives inquiry...
BBC News - October 12, 2006
US warned on petrol complacency
The US leader welcomes the fall in petrol prices but says he does not want it to distract from work on alternative fuels...
BBC News - October 12, 2006
Red Cross sees top terror suspects
The International Red Cross has met for the first time this week with 14 suspected al Qaeda operatives being held in Guantanamo Bay in Cuba, including the reputed mastermind of the 9/11 attacks, knowledgeable sources say...
CNN - October 12, 2006
Ex-governor wants 'real life,' not Oval Office
Former Virginia Gov. Mark Warner will not seek the Democratic presidential nomination for 2008, he said in a statement on his political action committee Web site, explaining he wanted "a real life."...
CNN - October 12, 2006
Landis Opts To Make His Case On the Web
Floyd Landis, the winner of this year’s Tour de France who was accused of using a performance-enhancing drug during the race, posted his defense online...
New York Times - October 12, 2006
Area Returning to Normal After Plane Crash
Some residents of the building on 72nd Street that was hit by an airplane were back in their apartments today...
New York Times - October 12, 2006
U.S. Trade Gap Widens to $69.9 Billion
The figure set a new record for the ever-growing disparity between what Americans import and export...
New York Times - October 12, 2006
Bush approval rating tracker
Track George W Bush's popularity over the last five years in relation to key events of his presidency...
BBC News - October 12, 2006
Still drinks put sparkle in Pepsi
Pepsico sees profits jump 71%, as strength in non-carbonated drinks offsets a slip in cola sales in the US...
BBC News - October 12, 2006
US trade deficit surges in August
The US trade deficit widens by more than expected in August, raising concerns about the economy...
BBC News - October 12, 2006
Guantanamo unacceptable - UK
The controversial US detention camp is "unacceptable" in terms of human rights, says the foreign secretary...
BBC News - October 12, 2006
Peru oil staff trapped by protest
Oil workers are trapped after indigenous communities surround facilities Peru to protest about pollution...
BBC News - October 12, 2006
White House hopeful drops out
The centrist former Democrat governor of Virginia pulls out of the 2008 US presidential race...
BBC News - October 12, 2006
Amish killings school demolished
Workers demolish the school in Pennsylvania where five Amish girls were shot dead on 2 October...
BBC News - October 12, 2006
Clues sought in New York crash
Authorities don't yet know what caused a small plane carrying New York Yankees pitcher Cory Lidle and another person to slam into a 50-story Manhattan condo building, killing both...
CNN - October 12, 2006
U.S. to propose NK sanctions
The U.S. ambassador to the United Nations is expected on Thursday to propose to the organization's security council a resolution that would punish North Korea for its reported nuclear test, an action bound to draw strong opposition from China...
CNN - October 12, 2006
Workers raze school where Amish girls slain
Workers with machines moved in before dawn Thursday and demolished the one-room Amish schoolhouse where five girls were shot to death and five others were injured on October 2...
CNN - October 12, 2006
It’s Good Advice, and the Price Is Right
More small businesses are turning to M.B.A. programs for consulting services as a way to save on costs and provide students with more hands-on experience...
New York Times - October 12, 2006
Tigers rally to defeat A's again
Detroit rally from 3-1 down to win 8-5 at Oakland and take a 2-0 lead in the American League Championship Series...
BBC News - October 12, 2006
NFL: Ravens player in hospital
Baltimore interrupt the flight home from their 13-3 loss in Denver to get cornerback Corey Ivy to hospital...
BBC News - October 12, 2006
Al Gore picks up literary prize
Former US presidential candidate Al Gore wins a Quill award for his book The Inconvenient Truth...
BBC News - October 12, 2006
N.Y. plane crash stirs 9/11 fears
Even in a place accustomed to the murmur of terror alerts -- New Yorkers have accepted their city's subways and skyscrapers as targets -- the crash of a star athlete's small plane into a Manhattan high-rise apartment building sent the adrenaline of people racing...
CNN - October 12, 2006
Ballplayer died pursuing his other passion
New York Yankees pitcher Cory Lidle once said about flying: "[Up] here, you don't think about baseball. It's something that takes you away from everyday life." On Wednesday, the 34-year-old died doing what gave him peace and freedom...
CNN - October 12, 2006
U.S. to propose NK sanctions
The U.S. ambassador to the United Nations is expected on Thursday to propose to the organization's security council a resolution that would punish North Korea for its reported nuclear test, an action bound to draw strong opposition from China...
CNN - October 12, 2006
The Road to Albany: A Gilded Path to Political Stardom, With Detours
Eliot Spitzer stands at the brink of taking over the famously dysfunctional New York State government...
New York Times - October 12, 2006
Lidle Had Passion for Flying, and for Speaking His Mind
Flying was a recent passion of the Yankees pitcher, who knew the risks of his hobby but seemed not to worry...
New York Times - October 12, 2006
Foley Case Snags Incumbent in Ohio Race for House Seat
Since Mark Foley quit, the internal polls of his friend Representative Deborah Pryce of Ohio have measured a steady drop in support...
New York Times - October 12, 2006
Alzheimer’s Drugs Offer No Help, Study Finds
Drugs to soothe agitation in people with Alzheimer’s are no more effective than placebos for most patients...
New York Times - October 12, 2006
Manhattan Plane Crash Kills Yankee Pitcher
Cory Lidle and his flight instructor were killed when their single-engine plane smashed into a 42-story building on the Upper East Side...
New York Times - October 12, 2006
World Business Briefing: Profit Almost Triples at Sony Ericsson
Sony Ericsson Mobile Communications, the mobile phone maker, said third-quarter profit almost tripled on sales of handsets with high-resolution cameras and Walkman music players. Net income rose to 298 million euros ($374 million) from 104 million euros a year earlier. Sales rose to 2.91 billion euros, with 19.8 million phones sold in the quarter...
New York Times - October 12, 2006
It’s Good Advice, and the Price Is Right
More small businesses are turning to M.B.A. programs for consulting services, as a way save on costs and provide students with more hands-on experience...
New York Times - October 12, 2006
A Newspaper Investigates Its Future
The Manhattan Project at The Los Angeles Times has dedicated reporters and editors to finding new ideas to re-engage readers...
New York Times - October 12, 2006
World Business Briefing: China Reports Near-Record Trade Surplus in September
China reported its second-largest ever trade surplus, undermining efforts by the government to cool an investment boom. The gap narrowed to $15.3 billion last month from a record $18.8 billion in August, the customs bureau said. For the first nine months, China’s trade surplus reached $110 billion, exceeding last year’s total. Premier Wen Jiabao calls the soaring surplus one of China’s biggest economic “problems” because it has strained trade ties with the United States and Europe and flooded the economy with cash, complicating his efforts to slow investment...
New York Times - October 12, 2006
World Business Briefing: Italy’s Crédit Agricole Acquires Bank Branches
Crédit Agricole, the French bank, agreed to buy about 650 branches in Italy from Banca Intesa for about 6 billion euros ($7.5 billion), giving it customers in the country’s wealthy northern regions. The chief executives, Georges Pauget, left, of Crédit Agricole and Corrado Passera of Intesa, have been negotiating a deal since Intesa bought an Italian rival, Sanpaolo IMI. Crédit Agricole, which is Intesa’s biggest shareholder, said it would back the takeover as long as a way was found to safeguard its interests in Italy...
New York Times - October 12, 2006
World Business Briefing: A London Airport Is Sold to Investors
The American International Group and a team of investors agreed to buy London City Airport, taking over a terminal serving almost two million regional business travelers a year. Terms were not disclosed. AIG, the world’s largest insurer, and an investment fund run by General Electric and the Credit Suisse Group are buying the airport from an Irish billionaire, Dermot Desmond, City Airport said. “The airport has tremendous potential,” Joseph Cassano, head of AIG’s financial products unit, said. AIG and the fund will each own 50 percent of the airport. The airport is about three miles from Canary Wharf, a financial center...
New York Times - October 12, 2006
Housing Glut’s Impact
Prices of new houses will fall this year for the first time since 1991, and existing homes will have the smallest gain ever...
New York Times - October 12, 2006
World Business Briefing: Hitachi Raises Stake in Clarion
Hitachi, the Japanese electronics conglomerate, said it would take a majority stake in Clarion, a maker of electronic devices like stereos and navigation guides for automobiles, for up to $465 million. Hitachi, which is already Clarion’s largest shareholder, with a 14 percent stake, is bidding 230 yen a share, a 52 percent premium to Clarion’s closing price on Tuesday, to raise its holdings to more than 50 percent...
New York Times - October 12, 2006
Intel Sued Over Patents
The Transmeta Corporation, a chip designer, filed a lawsuit claiming that Intel infringed on 10 of its patents...
New York Times - October 12, 2006
Monsanto Says Its Quarterly Loss Widened
Lower sales of seeds and related products offset higher sales of Roundup and other herbicides...
New York Times - October 12, 2006
Jacuzzi Brands Is Going Private
The private equity firm Apollo Management said it would pay $990 million for the well-known maker of whirlpool baths...
New York Times - October 12, 2006
Stocks & Bonds: Shares Are Broadly Lower; Talk of Rate Cut Is Damped
Blue-chip stocks fell for the first time in three days after Alcoa had begun the quarterly earnings season by missing analysts’ estimates...
New York Times - October 12, 2006
Drought in Australia Helps Push Wheat Prices to a 10-Year High
A worsening drought in Australia increased the chances that the country’s wheat crop would be cut by more than half...
New York Times - October 12, 2006
Yum Brands Says Profit Rose on Higher International Sales
The operator of the Taco Bell, Pizza Hut and KFC chains, said profit rose on increased international sales, particularly in China...
New York Times - October 12, 2006
Soft Ad Sales Lead to a Cut in Earnings at Gannett
Shares fell 2.6 percent for the nation’s largest newspaper company as it performed worse than Wall Street forecast...
New York Times - October 12, 2006
Trader Is Fined for Violating Settlement
A former hedge fund trader at Millennium Partners received a stiff penalty after regulators found that he violated a settlement he reached three years ago...
New York Times - October 12, 2006
Sanofi Says It Did Not Bid for ImClone
The drug maker said it was not the mystery bidder that offered $36 a share for the biotechnology company ImClone Systems Inc...
New York Times - October 12, 2006
Bell Canada’s Parent to Dissolve and Create a Big Income Trust
The decision was partly prompted by last month’s conversion by Telus of Vancouver, the chief competitor of Bell Canada...
New York Times - October 12, 2006
Longtime Chief of Sovereign Bancorp Resigns
Jay S. Sidhu resigned amid criticism of a deal he engineered that bypassed shareholder approval...
New York Times - October 12, 2006
Bank to Offer Free Stock Trades
Bank of America, seeking to attract new clients, said it was offering free online stock trades to customers with accounts of at least $25,000...
New York Times - October 12, 2006
Profit Rises 53% at Infosys, a Top Indian Outsourcing Company
Profit at Infosys surpassed expectations and reflected a strong demand for technology and services from Western customers...
New York Times - October 12, 2006
After Barbs, Australian Phone Chief Starts to Get Some Respect for Revamping
Analysts now credit Telstra’s chief with uprooting the company’s entrenched bureaucracy and overhauling its antiquated systems...
New York Times - October 12, 2006
Justice Dept. Approves AT&T-BellSouth Deal
The decision angered consumer groups who said the companies would control too much of the country’s telecommunications networks...
New York Times - October 12, 2006
Investor Pushes DreamWorks to Sell Shares in Offering
The offering is estimated at around $300 million, 40 percent less than the offering DreamWorks canceled last year after it missed its projections on DVD sales...
New York Times - October 12, 2006
A Company Researching Cleaner Fuels Draws Backers
Amyris Biotechnologies, a start-up focusing on ethanol, is expected to announce it has secured $20 million from venture capitalists...
New York Times - October 12, 2006
San Francisco Hedge Fund Invested in YouTube
Artis Capital Management is also poised to score big when Google completes its $1.65 billion buyout of YouTube...
New York Times - October 12, 2006
Economic Scene: In the New China, Banks Still Cling to Old Ways
The behavior of Chinese banks seems closer to the 1990’s crony capitalism of Indonesia and Thailand which engendered financial panics...
New York Times - October 12, 2006
Visa Plans an Initial Public Offering as Soon as Next Year
The decision highlights the company’s intense rivalry with MasterCard, whose shares surged after it went public in May...
New York Times - October 12, 2006
2 More Executives Resign Over Options
Chiefs at McAfee and CNet are stepping down, as casualties from investigations of stock option grants continued to mount...
New York Times - October 12, 2006
Genentech Caps Cost of Cancer Drug for Some Patients
Genentech announced it would cap the total cost of its drug Avastin at $55,000 a year for patients below a certain income level...
New York Times - October 12, 2006
No Hurry to Cut Rates at the Fed
Most monetary policy makers expect the economy to slow “in the near term” but pick up speed later...
New York Times - October 12, 2006
Advertising: Seeing Stars
An increasing number of A-list celebrities have come to see television spots as a good career move...
New York Times - October 12, 2006
State of the Art: Trying Again to Make Books Obsolete
The new Sony Reader distinguishes itself from all the other failed e-book readers with its sleek, portable screen...
New York Times - October 12, 2006
Discounters Go on Road to Find New York Style
Kohl’s will open an office in New York, a symbol of excess that is squarely at odds with its frugal corporate culture...
New York Times - October 12, 2006
Insurers Get an Earful From Senator
Senator Trent Lott, whose insurance claim for hurricane losses was rejected, is fighting back in Congress...
New York Times - October 12, 2006
With YouTube, Grad Student Hits Jackpot Again
Jawed Karim, one of YouTube’s three founders, hit the equivalent of the Powerball when Google bought the site...
New York Times - October 12, 2006
Childhood cancer 'long-term risk'
Survivors of childhood cancer may go on to face long-term health problems, according to research...
BBC News - October 12, 2006
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