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US News Archive for July 2005:
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White House Silence on Rove's Role in Leak Enters 2nd Day
President Bush and the press secretary passed up chances today to answer questions about new evidence of Karl Rove's role in a C.I.A. leak...
New York Times - July 12, 2005
On Eve of Sentencing, WorldCom Founder Loses Bid for Retrial
Bernard J. Ebbers, who was convicted of fraud in the $11 billion WorldCom accounting scandal, lost his bid for a new trial and is to be sentenced on Wednesday...
New York Times - July 12, 2005
CBS News Revamps Web Site, Adding Critical Blog and Videos
CBS said today that it would introduce a Web log to comment on CBS's newscasts, both online and on air...
New York Times - July 12, 2005
Oil fuelled by fresh storm fears
The price of oil shoots back above $60 a barrel on Tuesday on fears that a new tropical storm in the Gulf of Mexico could halt production...
BBC News - July 12, 2005
Costa Rica hospital fire kills 18
Costa Rica declares national mourning after at least 18 people die in a blaze at a hospital in the capital, San Jose...
BBC News - July 12, 2005
Bush and Senators Discuss Vacancy on Supreme Court
The senators said today they discussed the possibility that a nominee could come from outside of the federal circuit court system...
New York Times - July 12, 2005
How Two Firings Upended Army-M.T.A. Security Program
The failure of the joint program to develop novel security measures resulted in a year and a half lost...
New York Times - July 12, 2005
Toronto-Dominion Unit to Buy Hudson United Bancorp
Toronto-Dominion Bank said today that its American banking division had agreed to buy New Jersey-based Hudson United Bancorp for $1.9 billion...
New York Times - July 12, 2005
Cycling: Armstrong leads Tour
Lance Armstrong is back in the leader's yellow jersey after stage 10 of the Tour de France...
BBC News - July 12, 2005
Tennis: Graf making brief return
Tennis great Steffi Graf is poised to make a return to the court on Tuesday...
BBC News - July 12, 2005
Eight arrests in US polygamy sect
Eight members of a polygamous community in the US are indicted on sexual misconduct charges...
BBC News - July 12, 2005
Speedy Growth in Career Schools Raises Questions
Questions exist about the quality of education at a raft of lesser-known commercial institutions often advertised on city subways...
New York Times - July 12, 2005
New York tunnel phone links cut
Mobile phone services in four New York tunnels were disabled after the London bombings, officials say...
BBC News - July 12, 2005
Letterman 'kidnap plot' deal made
A handyman accused of plotting to kidnap TV host David Letterman's young son admits lesser charges...
BBC News - July 12, 2005
The Old Shuttle, New Again
Once again, the future of the space shuttle program will be carried on the wings of the Discovery...
New York Times - July 12, 2005
Most Floridians Find Branches Down but Properties Blessedly Whole
Damage from Hurricane Dennis was bad, but nothing like last year's devastating Hurricane Ivan...
New York Times - July 12, 2005
At White House, a Day of Silence on Rove's Role in C.I.A. Leak
Officials faced a barrage of queries about whether a top adviser disclosed an undercover operative's identity...
New York Times - July 12, 2005
Evangelicals Are a Growing Force in the Military Chaplain Corps
The rising number of chaplains from evangelical and Pentecostal churches increases tension over their role in the armed services...
New York Times - July 12, 2005
Forget Legroom. Our Backs Are Killing Us.
So just how uncomfortable is the average seat in economy class? It is clear that conditions in the back of the plane have never been worse...
New York Times - July 12, 2005
Attacks Create Only a Brief Pause in the Tourist Swarm to London
After a dip on Friday, attendance at London tourist attractions soon returned to normal levels...
New York Times - July 12, 2005
Bear Stearns Sets Aside $100 Million as Investigations Loom
Bear Stearns said yesterday that it was setting aside an additional $100 million in legal reserves in connection with an investigation into improper mutual fund trading...
New York Times - July 12, 2005
The Team From Zippo Goes to Washington
Note to air travelers whose lighters were confiscated from checked bags at airports: it's now O.K. to pack unfueled lighters...
New York Times - July 12, 2005
McKesson to Buy D&K
SAN FRANCISCO, July 11 (AP) - The McKesson Corporation, the national drug distributor, said on Monday that it had agreed to acquire a regional drug distributor, D&K Healthcare Resources, for about $206.8 million to expand in the Midwest and the South...
New York Times - July 12, 2005
Longtime Schwab Executive Is Named Chief of Visa USA
Visa USA named a chief executive yesterday whose experience with credit and debit cards has consisted largely of swiping them at restaurants and stores. The executive, John Philip Coghlan, the former vice chairman of the Charles Schwab Corporation, succeeds Carl F. Pascarella, Visa's longtime chief executive who said last summer that he was planning to depart for a job in investment banking...
New York Times - July 12, 2005
Brooks to Buy Helix Technology
Brooks Automation, a supplier of equipment used in semiconductor factories, has agreed to buy the Helix Technology Corporation for $454 million...
New York Times - July 12, 2005
Paying More to Stay in New York
PAYING MORE TO STAY IN NEW YORK The most expensive hotels in New York City - the ones that generate $300 or more a night for a room - are increasingly becoming even more expensive. PKF Consulting says that room rates paid in May averaged $386.15 in the top-luxury category in Manhattan, a 15.1 percent increase over May 2004. Occupancy in that category was 88.6 percent - up 4 percent. It can be difficult to find a hotel room in New York at any price. For Manhattan hotels in all price categories, the average occupancy rate was 89.6 percent in May (up 4.5 percent from May 2004). The average rate paid for a room was $240.23, up 12.6 percent from $213.30 in May 2004...
New York Times - July 12, 2005
A Possible Bid for Westinghouse
Mitsubishi Heavy Industries is considering buying Westinghouse Electric, the builder of nuclear power plants, from British Nuclear Fuels...
New York Times - July 12, 2005
U.S. Officials in Beijing Press China on Trade Gap
China agreed to increase prosecution of the illegal copying of films and other products that Washington believes is skewing the trade balance in China's favor...
New York Times - July 12, 2005
A Lending Intermediary Sues Michael Jackson
Michael Jackson, who was acquitted on child-molesting charges last month, is facing accusations that he failed to pay his bills...
New York Times - July 12, 2005
Ebbers's Settlement Is Approved by Court
By The Associated Press...
New York Times - July 12, 2005
Hands-Free Cellphone Devices Don't Aid Road Safety, Study Concludes
A study found that drivers using cellphones were four times as likely to be involved in a serious crash regardless of whether they used hands-free devices or speaker phones...
New York Times - July 12, 2005
Insurance Executive Resigns Over Subpoena
By Bloomberg News...
New York Times - July 12, 2005
The Oil Uproar That Isn't
The energy crises of the 1970's and 80's prompted anger and inflation, but the latest escalation in oil prices has produced a much more limited response...
New York Times - July 12, 2005
Coke Is Urging Youths to Get Physical
In a program called Live It, Lance Armstrong and other sport figures will appear in posters encouraging children to be active...
New York Times - July 12, 2005
Deal for Speaker Maker
The headset maker, Plantronics Inc., has agreed to buy Altec Lansing Technologies, a maker of speakers for personal computers, for about $166 million in cash...
New York Times - July 12, 2005
Chief of Stock Trading at Fidelity Is Reassigned
Fidelity Investments said yesterday that it had reassigned Scott DeSano, its chief of stock trading, to a new position within its new business development group...
New York Times - July 12, 2005
Billed, and Then a Bit More
Hotel overbilling is a growing problem for American businesses, but experts say that blaming the lodging industry is oversimplifying the problem...
New York Times - July 12, 2005
Audit Firm Settles U.S. Suit on Overbilling
WASHINGTON, July 11 (AP) - PricewaterhouseCoopers, the accounting firm, has agreed to pay $41.9 million to settle claims that it overbilled the federal government for travel over 11 years, the Justice Department said Monday...
New York Times - July 12, 2005
Omnicare Acquires Hospice Drug Service
Omnicare Inc., which provides drugs for nursing homes, said yesterday that it had agreed to buy the privately held hospice pharmacy services company excelleRx Inc. for $269 million in cash...
New York Times - July 12, 2005
WellPoint Agrees to Settle a Long Dispute With Doctors
Seeking peace in a long-running war between doctors and insurers, WellPoint, the nation's largest health insurer, announced a settlement yesterday with 700,000 doctors who had accused the company of interfering in medical decisions and of routinely underpaying hospitals and physicians...
New York Times - July 12, 2005
Profit Outlook Lifts Shares; Nasdaq Hits 6-Month High
By Reuters...
New York Times - July 12, 2005
VNU to Buy a Specialist in Tracking Health Care
VNU, the Dutch market research company, said that it would buy IMS Health, a provider of health care research and data, for about $6.4 billion...
New York Times - July 12, 2005
Enron Settles Pension Claims
WASHINGTON, July 11 (Reuters) - The Enron Corporation agreed to settle government and employee claims against its retirement plans for $356.25 million, the Labor Department said on Monday...
New York Times - July 12, 2005
Cancer Drug Buoys Sales
By Bloomberg News...
New York Times - July 12, 2005
Departing Morgan Exec Takes Home $32 Million for Short Stint
Morgan Stanley's co-president left the firm on Monday, taking home a severance package that is particularly unusual because he was co-president for only three months...
New York Times - July 12, 2005
Animator Warns on Profit
Shares of DreamWorks Animation SKG tumbled 13.2 percent on Monday after the company lowered its earnings estimates because of disappointing DVD sales...
New York Times - July 12, 2005
Secrecy Is Lifted in Some Tax Court Trials
The United States Tax Court announced that it would end a 20-year-old practice of keeping secret reports prepared by its hearing judges...
New York Times - July 12, 2005
Is Wachovia Deal-Averse or Is It Just Picky?
Investors are wondering whether Wachovia is finally poised to join the hunt and do a big acquisition...
New York Times - July 12, 2005
With Sierra Club's Help, Ford Pushes a New Hybrid
The Sierra Club, long a a nemesis of Detroit automakers, is teaming up with Ford to promote the company's second hybrid vehicle...
New York Times - July 12, 2005
Unocal to Sell Canadian Oil and Gas Unit
Unocal agreed to sell its main Canadian oil and gas unit to the Pogo Producing Company, a Houston oil and gas exploration company, for $1.8 billion...
New York Times - July 12, 2005
Cancer Drugs Offer Hope, but Expense Worries Doctors and Patients
At $10,000 or more per month, new cancer therapies may further fuel runaway health care costs and block some people from being treated...
New York Times - July 12, 2005
Explosion rocks Trinidad capital
Two people are in critical condition after an explosion in the capital of Trinidad and Tobago, officials say...
BBC News - July 12, 2005
US hails progress in China talks
The US welcomes progress at trade talks with China, but warns hard work is needed to end a textile impasse...
BBC News - July 12, 2005
Chile unveils new 'paternity law'
A new law in Chile gives the courts powers to order men to undergo DNA testing in paternity disputes...
BBC News - July 12, 2005
'Cash-laden' Brazil MP detained
Police in Brazil hold an opposition MP and six others after finding more than $2.5m in their suitcases...
BBC News - July 12, 2005
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