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US News Archive for April 2007:
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White House Says It May Be Missing Attorney E-Mails
Senator Patrick J. Leahy, who issued subpoenas for the documents, was skeptical that the e-mails are indeed missing...
New York Times - April 12, 2007
Prosecutor Apologizes to Former Duke Players
The apology by Michael B. Nifong came one day after the state attorney general called him as a ?rogue prosecutor.?...
New York Times - April 12, 2007
Italy Calls for Standards in Dealing With Kidnappings
Italy proposed international standards for confronting the rising number of high-profile kidnappings in war zones...
New York Times - April 12, 2007
World Bank Chief Apologizes for Arranging Job
Paul D. Wolfowitz apologized for his role in arranging a highly paid job at the State Department for a woman with whom he has a personal relationship...
New York Times - April 12, 2007
Ground Broken Yet Again for 2nd Avenue Subway
The ceremony was haunted by past failures, as every official who spoke alluded to the line?s history of starts and stops ? mostly stops...
New York Times - April 12, 2007
F.D.A. Panel Rejects Merck Pain Pill in 20-1 Vote
The F.D.A. rejected Arcoxia because of concerns that the drug could cause as many as 30,000 heart attacks a year if widely used...
New York Times - April 12, 2007
Nielsen to Get Off Sofa, Into Bars and Gyms
The company will measure viewing habits using cellphone tracking devices that recognize the sound of TV...
New York Times - April 12, 2007
Germany?s Export-Led Economy Finds Global Niche
A small town in eastern Germany showcases the strengths of a resurgent economy...
New York Times - April 12, 2007
CBS Drops Imus Radio Show Over Racial Remark
CBS brought the week-long crisis over remarks by the radio host Don Imus to an end late this afternoon when it canceled the ?Imus in the Morning? program, effective immediately...
New York Times - April 12, 2007
Qwest jury begins deliberations
A jury begins its deliberations about their verdict in the insider trading trial of former Qwest boss Joseph Nacchio...
BBC News - April 12, 2007
US man accused of al-Qaeda link
A US citizen in Ohio is accused of joining al-Qaeda and plotting to bomb targets in the US and overseas...
BBC News - April 12, 2007
CBS to launch online TV network
US TV network CBS is to launch an online video channel after agreeing deals with 10 distributors, including Joost...
BBC News - April 12, 2007
NBC News Drops Imus Show Over Racial Remark
The move came after several days of widening calls for Don Imus to lose his show both on MSNBC and CBS Radio...
New York Times - April 12, 2007
Kurt Vonnegut, Counterculture?s Novelist, Dies
Kurt Vonnegut?s dark comic talent and urgent moral vision caught the temper of his times. He was 84...
New York Times - April 12, 2007
All Charges Dropped in Duke Case
North Carolina?s attorney general said an overzealous district attorney had wrongly accused lacrosse players of sexual assault...
New York Times - April 12, 2007
MedImmune Puts Itself Up for Sale and Hires Goldman Sachs
...
New York Times - April 12, 2007
Nestlé Buys Gerber From Novartis for $5.5 Billion
The deal fits with Nestlé?s focus on wellness and Novartis?s strategy of selling its noncore businesses...
New York Times - April 12, 2007
Toyota Promotes an American to Its Board
A management reshuffling would make James Press, the director of North American operations, the highest ranking non-Japanese in the company?s history...
New York Times - April 12, 2007
Vonage?s Chief Executive Steps Down
The successor immediately announced plans to restructure the company and slash marketing costs...
New York Times - April 12, 2007
Zoom launches £129 New York trip
A price war transatlantic flights looms after an airline offers a London to New York service for £129 one-way...
BBC News - April 12, 2007
Wolfowitz apology over pay row
World Bank President Paul Wolfowitz says he is sorry for "mistakes" made over the pay and promotion of his partner...
BBC News - April 12, 2007
Nestle to buy Gerber for $5.5bn
Nestle, the world's largest food group, is to buy US baby food firm Gerber from Novartis for $5.5bn...
BBC News - April 12, 2007
Web transforms US race
From attack ads to intimate web chats, the internet is transforming the way US presidential candidates campaign...
BBC News - April 12, 2007
US sees no trade 'breakthrough'
The US warns that it expects no "breakthrough" as four-day world trade talks begin...
BBC News - April 12, 2007
McCain defends Iraq war support
Republican presidential hopeful John McCain says the US-led war in Iraq was "necessary and just"...
BBC News - April 12, 2007
Writer Kurt Vonnegut dies
Author Kurt Vonnegut, best known for his 1969 novel Slaughterhouse Five, dies at the age of 84...
BBC News - April 12, 2007
MSNBC drops race row disc jockey
US cable TV company MSNBC drops its simulcast of disc jockey Don Imus's radio show over racist remarks...
BBC News - April 12, 2007
Massachusetts Offers Details on Health Coverage
The proposal sets a sliding scale of affordability standards for health insurance premiums based on income...
New York Times - April 12, 2007
Bush Advisers? Approach on E-Mail Draws Fire
Advisers to the president may have improperly used R.N.C. e-mail accounts to conduct government business...
New York Times - April 12, 2007
Panel on Walter Reed Woes Issues Strong Rebuke
An independent panel issued a sweeping indictment of leadership failures, inadequate training and staffing shortages at Walter Reed Army Medical Center...
New York Times - April 12, 2007
In 5-Year Effort, Scant Evidence of Voter Fraud
The Justice Department has turned up virtually no evidence of any organized effort to skew federal elections...
New York Times - April 12, 2007
Kurt Vonnegut, Novelist Who Caught the Imagination of His Age, Is Dead at 84
Kurt Vonnegut?s dark comic talent and urgent moral vision caught the temper of his times...
New York Times - April 12, 2007
Duke Prosecutor Throws Out Case Against Players
The attorney general said the players had been wrongly accused by an ?unchecked? and ?overreaching? district attorney...
New York Times - April 12, 2007
World Business Briefing | Americas: Canada: Ex-Officer Returns to Parts Maker
Magna, the Canadian auto parts manufacturer, said that a former president, Belinda Stronach, left, the daughter of the company?s founder and controlling shareholder, Frank Stronach, would be returning to the company to be the executive vice chairwoman. The company said that Ms. Stronach would not seek re-election to the Canadian Parliament, where she has served since 2004. Magna has been discussed by auto analysts as a possible bidder for the Chrysler division of the DaimlerChrysler Corporation. ?My father is looking to the future, the company is facing important strategic decisions, and the Canadian and global auto sector and economy are in a period of great challenge,? Ms. Stronach said in a statement...
New York Times - April 12, 2007
World Business Briefing | Europe: Tighter Limits Likely on Cellphone Fees
A panel of the European Parliament is set to recommend that fees Europeans pay for making and receiving mobile phone calls outside their home markets be lowered by more than originally expected, dealing a setback to the telecommunications industry. Members of the Industry, Research and Energy Committee are expected to approve a proposal today to reduce so-called roaming charges to a maximum 0.40 euro for outgoing calls, and 0.15 euro for incoming calls, plus the value-added tax. Leaders of all major political parties on the 52-member panel except the Greens have endorsed the plan, according to a copy of their agreement obtained by The International Herald Tribune. If it receives the committee?s support, the proposal will go before the full Parliament on May 9...
New York Times - April 12, 2007
World Business Briefing | Europe: Britain: Suitor Ends Sainsbury Offer
The buyout firm CVC Capital Partners scrapped a £10 billion ($19.7 billion) bid for J Sainsbury, the British grocery chain, after CVC was abandoned by its bidding partners and Sainsbury?s founding family held out for more money. The family, which owns about 18 percent of the retailer, wanted more than the 582 pence ($11.46) that CVC bid for each share. ?It became clear that the consortium would be unable to make a proposal? that would succeed, CVC said in a statement. The Blackstone Group, the Texas Pacific Group and Kohlberg Kravis Roberts & Company all left the bidding consortium in the last week. Selling to the private equity group would have risked damaging the company?s ?strong balance sheet and a largely freehold property base,? said John Sainsbury, former chief executive of the company. ?Eroding these attributes would make the company more vulnerable to competitive pressures.?...
New York Times - April 12, 2007
World Business Briefing | Europe: Switzerland: Mine Company Sells U.S. Unit
The mining company Xstrata said it would sell its aluminum business to Apollo Management for $1.15 billion. The business being sold, known as Noranda Aluminum, includes a primary smelter and three rolling mills in Tennessee, North Carolina and Arkansas along with other operations, the company said. Xstrata, based in Switzerland, won control of the Canadian mining company Falconbridge last year after a battle against Inco and the copper miner Phelps Dodge Corporation. The $18.8 billion deal allowed Xstrata to diversify into nickel and aluminum and enter the North American market. Apollo Management is a private equity and capital markets investor with holdings in a range of industries in the United States and internationally...
New York Times - April 12, 2007
An Alert for Agent Cool Blue
Johnson & Johnson recalled a Listerine rinse marketed primarily for use by children after testing revealed contamination by microorganisms...
New York Times - April 12, 2007
Ford Recalls Escape S.U.V.?s
Ford Motor Company is recalling more than 500,000 Escape small sport-utility vehicles after 50 reports of engine fires caused by corroded brake parts...
New York Times - April 12, 2007
Gay by Design, or a Lifestyle Choice?
Is your car gay? Taking a closer look at the logic behind the tagline, ?You are what you drive.?...
New York Times - April 12, 2007
Magical Mystery Tour Ends for Apple Corps Executive
Neil Aspinall?s departure as the head of Apple, the Beatles? company, ends an association that dates to 1961...
New York Times - April 12, 2007
Retailer?s Net Up 4%
Bed Bath & Beyond said that fourth-quarter profit climbed 4 percent as the company used discount coupons to lure customers...
New York Times - April 12, 2007
Genentech Profit Increases 68%
Genentech said that first-quarter profit rose 68 percent, driven by sales of its cancer drugs Avastin and Rituxan...
New York Times - April 12, 2007
NovaStar May Put Itself Up for Sale
The struggling subprime lender said it was exploring strategic alternatives, including a possible sale of the company...
New York Times - April 12, 2007
New Comcast Venture
The nation?s largest cable operator said it was buying the online movie ticketing service Fandango and starting a new Web site for watching TV and movies...
New York Times - April 12, 2007
MySpace Blocks Some Photobucket Content
The popular online hangout says it?s trying to stop an ad-supported slideshow...
New York Times - April 12, 2007
MGM Will Offer Its Films on iTunes
Apple?s online catalog will now have more than 500 movies, including some popular MGM classics...
New York Times - April 12, 2007
BlackBerry Maker?s Sales and Profit Jump
Research in Motion said that its fourth-quarter profit increased sharply as sales jumped 66 percent...
New York Times - April 12, 2007
FedEx Settles Racial Discrimination Suit
FedEx agreed to settle a racial discrimination lawsuit against its express unit, FedEx Express, for $53.5 million...
New York Times - April 12, 2007
New Chief at Troubled Software Maker
Comverse Technology named a new chief executive to succeed Jacob Alexander, who fled the U.S. last year to escape arrest over an options scandal...
New York Times - April 12, 2007
Stocks & Bonds: Market Falls on Hints of a Fed Rate Rise
Minutes from the Fed?s most recent meeting indicated the central bank was not ruling out an interest rate increase to curb inflation...
New York Times - April 12, 2007
No Proof That Board Approved Black Payments, Lawyer Says
A Hollinger internal investigation found no proof that the board approved most noncompete payments to Conrad M. Black or two others on trial...
New York Times - April 12, 2007
I.M.F. Cuts U.S. Growth Forecast for Year to 2.2%
The International Monetary Fund cut its forecast for economic growth, citing a weakening housing market...
New York Times - April 12, 2007
Amgen Delays on Earnings to Include Study Data
Earnings will be delayed until Monday to include data from a study of its anemia drug among patients with small-cell lung cancer...
New York Times - April 12, 2007
Realtors Expect Home Prices to Show First Annual Decline
The National Association of Realtors said the problems in the subprime loan market will cause home prices to fall this year for the first time on record...
New York Times - April 12, 2007
Fed Chief Backs Current Hedge Fund Rules
Ben S. Bernanke said light regulation has worked well and seems appropriate given the benefits the funds provide to the financial system...
New York Times - April 12, 2007
Canadian Rail Workers Reject Contract Offer
Workers at the Canadian National Railway have resumed picketing after overwhelmingly rejecting a tentative contract...
New York Times - April 12, 2007
Doubts Cloud Takeover Talk for Gold Fields
A report that said the South African mining company Gold Fields was the target of a buyout offer may have been a hoax...
New York Times - April 12, 2007
Defense Closes Arguments in Trial of Ex-Qwest Chief
Defense lawyers for Joseph P. Nacchio said he never exaggerated the company?s growth rates to enhance the value of his personal stock...
New York Times - April 12, 2007
Advertising: Procter and Gillette Learn From Each Other?s Marketing Ways
For years, Gillette knew how to talk to men and Procter & Gamble knew women. Now both sides say they have learned from each other?s methods...
New York Times - April 12, 2007
Economic Scene: In the Real World of Work and Wages, Trickle-Down Theories Don?t Hold Up
The claim that higher taxes would cause top earners to work less and take fewer risks is supported neither by theory nor evidence...
New York Times - April 12, 2007
Beyond Grades: Business Students Put Their Start-Up Ideas to the Test
For many students in start-up competitions, the No. 1 spot is not the ultimate prize. Having a successful business is...
New York Times - April 12, 2007
Deal Expected From Nestlé to Buy Gerber for $5 Billion
Nestlé is expected to announce that it is buying the baby food giant currently owned by Novartis, a Swiss-based company...
New York Times - April 12, 2007
Shell Settles With Europe on Overstated Oil Reserves
Shell agreed to pay about $450 million to help resolve legal disputes stemming from its overstatement of oil reserves...
New York Times - April 12, 2007
State of the Art: A Faster Wi-Fi World Is Coming
Makers of Wi-Fi routers boast of 5 times the speed and 15 times the range, but be sure to read the footnotes...
New York Times - April 12, 2007
Rising Inflation May Mean More Fed Rate Increases
Federal Reserve officials also expressed concern that the economy could slow more than forecast...
New York Times - April 12, 2007
Some Suspect Chemical Mix in Pet Food
U.S. regulators are investigating whether melamine, the chemical linked to recent pet deaths, was mixed into wheat gluten in China...
New York Times - April 12, 2007
Films From the Weinsteins Falter, but the Brothers Stay Focused
The Weinstein Company is facing the kind of difficulties that would sink a less tenacious start-up...
New York Times - April 12, 2007
NBC News Drops Imus Show Over Racial Remark
The move came after several days of widening calls for Mr. Imus to lose his show both on MSNBC and CBS Radio...
New York Times - April 12, 2007
Citigroup to Eliminate 17,000 Jobs
Citigroup announced a restructuring plan that eliminates 17,000 jobs and shifts another 9,500 positions overseas...
New York Times - April 12, 2007
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