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US News Archive for July 2006:
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Israel backs 'severe' response
Israel's Cabinet has authorized a "severe and harsh" response to the capture Wednesday of two soldiers by Lebanon's Hezbollah guerrillas and said Lebanon was responsible for their safe release, Prime Minister Ehud Olmert's office said...
CNN - July 12, 2006
Review ordered after Big Dig tunnel collapse
The head of the agency overseeing Boston's Big Dig highway project ordered a review of the entire highway system Wednesday after investigators looking into the fatal collapse of concrete ceiling slabs found 60 more questionable areas inside the same tunnel...
CNN - July 12, 2006
Chairman: Pentagon must remain tough on detainees
The House Armed Services chairman, who advocates a tough stance on terrorist suspect prisoners, warned Wednesday against being too lax in prosecuting detainees...
CNN - July 12, 2006
Zidane Offers Explanation for Head-Butting
The French star, banished at the end of the World Cup final, apologized for his red card but blamed provocation...
New York Times - July 12, 2006
Investigation Continues at N.Y. Town House
Investigators are seeking a pipe that they believe was used to move gas from the front to the back of the building...
New York Times - July 12, 2006
Putin Rips Cheney With Hunting Quip
Russia’s President, in an interview on NBC today, fired back at Vice President Dick Cheney over his recent remarks about the Russian government...
New York Times - July 12, 2006
New North Korea Resolution Offered
The proposal by China and Russia was offered in place of a tougher Japanese-sponsored resolution they both object to...
New York Times - July 12, 2006
Man Uses Chip to Control Robot With Thoughts
The development offers hope that people with impaired movements might be able to better control their world...
New York Times - July 12, 2006
Ex-Mayor of Houston Collapses at Service for Lay
Bob Lanier collapsed just as a memorial service for Kenneth Lay, who died last week, was getting underway...
New York Times - July 12, 2006
Chinese Company Intends to Build MG’s in Oklahoma
Nanjing Automobile Group's announcement today put the company on the road to being the first Chinese carmaker to open a factory in the United States...
New York Times - July 12, 2006
Europe Fines Microsoft $356 Million
The commission also signaled that the long cat-and-mouse game between regulators and Microsoft may be ending...
New York Times - July 12, 2006
Violence mars Seoul trade talks
Protesters clash with riot police in Seoul during the third day of trade talks between the US and South Korea...
BBC News - July 12, 2006
US wildfire hits movie location
A wildfire displaces 1,000 people in southern California, damaging a town used for filming Hollywood westerns...
BBC News - July 12, 2006
US Army to end Halliburton deal
The US Army announces its multi-billion dollar deal with conglomerate Halliburton will end later this year...
BBC News - July 12, 2006
Israel: Attacks an act of war
Hezbollah guerrillas have killed seven Israeli soldiers and captured two more, prompting Israeli airstrikes and military raids inside southern Lebanon, Israeli officials say...
CNN - July 12, 2006
'Timers found' at India bomb sites
Timers hidden in pencils are discovered in at least three of the seven sites where bombs exploded on commuter trains in India's financial capital, killed 185 people, according to police...
CNN - July 12, 2006
Wildfire threatens Hollywood sets
Firefighters evacuated dozens more people from their homes early Wednesday as a wildfire raced across the desert and consumed several structures in a desert locale where dozens of Hollywood Westerns were filmed...
CNN - July 12, 2006
Security funding list: Bean fest, but not Times Square?
A Homeland Security database of vulnerable terror targets in the United States, which includes an insect zoo but not the Statue of Liberty, is too flawed to determine allocation of federal security funds, the department's internal watchdog found...
CNN - July 12, 2006
Rice Is Frustrated by Iran's Response
After Iran failed to definitively respond to an offer to end its nuclear program, Rice suggested that the U.S. would not push for sanctions...
New York Times - July 12, 2006
Barbaro Has Serious Infection in Leg
Although this year’s Kentucky Derby winner, Barbaro, was “continuing to rest comfortably today,” veterinarians said, his condition was described as “guarded.”...
New York Times - July 12, 2006
Former Mayor of Houston Collapses at Service for Ex-Chairman of Enron
HOUSTON, July 12 — Bob Lanier, the former mayor of Houston, collapsed in a Houston church just as a memorial service for Kenneth Lay, the founder and former chairman of Enron who died last week, was getting underway...
New York Times - July 12, 2006
Nation's Trade Deficit Widened in May
The report also showed that the U.S. trade deficit with China grew by 4 percent in May...
New York Times - July 12, 2006
US trade shortfall widens in May
The US trade deficit widened by less than expected in May, despite a surge in the price of crude oil, figures show...
BBC News - July 12, 2006
American factory plan for MG cars
The company which bought MG Rover announces it is to produce the car in the US...
BBC News - July 12, 2006
Uribe in Colombia diplomats' row
Colombia's envoy to the US quits in protest over the naming of a disgraced ex-president to the Paris post...
BBC News - July 12, 2006
Pinochet son files libel lawsuit
The son of Chile's ex-leader Augusto Pinochet sues over claims he and his father profited from drug-trafficking...
BBC News - July 12, 2006
Brazil hit by upsurge in violence
Five die as police stations, shops and buses are attacked in a wave of violence in the Brazilian state of Sao Paulo...
BBC News - July 12, 2006
Ohio execution under new rules
The US state of Ohio carries out its first execution by lethal injection under revised rules...
BBC News - July 12, 2006
Mumbai police suspect militants
Police investigating the highly coordinated bombings on Mumbai's rail network that killed 183 people say the attacks bear the hallmarks of a Kashmiri militant group. As commuters in the Indian financial capital boarded trains a day after the blasts, police said officials had known for months that the city was a target...
CNN - July 12, 2006
Israeli troops enter Lebanon
Israeli troops entered southern Lebanon Wednesday, following reports that Hezbollah guerrillas had abducted two Israeli soldiers along the border with Lebanon, according to the Israel Defense Forces...
CNN - July 12, 2006
NBA: James signs until 2010
LeBron James agrees a three-year extension to his contract with Cleveland Cavaliers...
BBC News - July 12, 2006
Golf: Wie lines up bid for Open
Teenage star Michelle Wie could qualify for golf's oldest major if she performs well at this week's John Deere Classic...
BBC News - July 12, 2006
Derailment blocks Chicago metro
Hundreds are evacuated after a train derails on Chicago's metro system, and about 120 people suffer minor injuries...
BBC News - July 12, 2006
Cuban dissidents warned over US aid
Cuba warns dissidents not to accept funds from a new US plan to speed political transition in the island...
BBC News - July 12, 2006
Microsoft hit with $357m fine
The European Commission fines Microsoft for not complying with an anti-competition ruling...
BBC News - July 12, 2006
Mumbai blasts: Terror links probed
A series of seven explosions has killed at least 174 people on crowded commuter trains and stations in the Indian financial capital of Mumbai. Analysts are comparing the attack with the mass transit bombings in Madrid in 2004 and London last year, saying they all involved a series of mutiple blasts and were well-coordinated...
CNN - July 12, 2006
Israel hits Gaza with new strikes
An Israeli airstrike killed at least seven Palestinians and wounded 15 others as Israeli troops moved into new areas of central Gaza early Wednesday, Palestinian sources said. Two missiles were fired, according to Palestinian sources. One targeted a car, and the other killed seven and wounded 15 at a home belonging to a professor at the Islamic University, the sources said...
CNN - July 12, 2006
Chicago subway train derails
A northbound Chicago subway train derailed Tuesday during rush hour, forcing the evacuations of hundreds of soot-covered commuters, a transit official said. More than 100 people were taken to nearby hospitals...
CNN - July 12, 2006
Novak Told Prosecutor His Sources in Leak Case
The journalist who first identified a C.I.A. officer said that he revealed his three sources voluntarily but reluctantly...
New York Times - July 12, 2006
Boston’s Big Dig Accident Kills Woman in Car
Elected officials sought the firing of the head of the Massachusetts Turnpike Authority and started a criminal investigation...
New York Times - July 12, 2006
Syd Barrett, a Founder of Pink Floyd, Dies at 60
Syd Barrett was an erratically brilliant songwriter and singer who created the psychedelic rock of Pink Floyd only to leave the band in 1968 with mental problems...
New York Times - July 12, 2006
U.S. Terror Targets: Petting Zoo and Flea Market?
A database of targets is so flawed, inspectors said, that it lists more sites in Indiana than in New York or California...
New York Times - July 12, 2006
Once an Enemy, Health Industry Warms to Clinton
The health care industry is providing support for Hillary Rodham Clinton’s Senate re-election bid...
New York Times - July 12, 2006
American League 3, National League 2: Rewriting the End of the Same Old Story
The National League was one out away from its first All-Star Game victory since 1996 when Michael Young’s two-run triple gave the A.L. a victory...
New York Times - July 12, 2006
News Analysis: Terror and Presidential Power: Bush Takes a Step Back
The White House acknowledgment that the Geneva Conventions apply to Qaeda detainees is part of a gradual erosion of an aggressive legal stance...
New York Times - July 12, 2006
World Business Briefing | Europe: Britain: Marks & Spencer’s Sales Rise
The Marks & Spencer Group, the largest clothing retailer in Britain, said sales at stores open at least a year rose for a fourth consecutive quarter as the company won back shoppers with new fashion designs, brighter stores and increased advertising. Sales rose 8.2 percent in the first quarter, which ended July 1, including gains of 11 percent for clothing and home products and 5.8 percent for food, the company said...
New York Times - July 12, 2006
World Business Briefing | Americas: Canada: Central Bank Holds Rates Steady
The Bank of Canada held its overnight interest rate steady at 4.25 percent, as expected, and gave no sign that it was considering more increases, mentioning instead the damping effect on the economy of the strong Canadian dollar. The bank said its outlook for inflation and growth remained “largely unchanged” from forecasts it made in April despite recent reports showing higher-than-expected inflation and gross domestic product growth...
New York Times - July 12, 2006
News Analysis: Bush Steps Up Effort to Focus on Strength of Economy
In a barrage of public appearances, President Bush has been making the case that his tax cuts have brought jobs and prosperity to Americans...
New York Times - July 12, 2006
World Business Briefing | Europe: South Korea: Loss at LG.Philips LCD
The LG.Philips LCD Company, one of the world’s biggest makers of liquid-crystal displays, reported that it swung to a loss in the second quarter as high inventories drove average selling prices lower. The company, based in Seoul, South Korea, said it lost 322 billion won ($340 million) in the three months ended June 30, compared with a profit of 41 billion won a year earlier. The result was slightly worse than expectations. Sales rose 0.3 percent, to 2.32 trillion won ($2.49 billion), compared with analysts’ forecast of 2.31 trillion won. The company, which makes thin-film transistor liquid-crystal displays used in flat-screen televisions and computers, is a joint venture of LG Electronics of South Korea and Philips Electronics of the Netherlands. LG.Philips, like other flat-panel display makers in Asia, suffered from sharp price declines as sales of TV’s using the technology during the World Cup soccer tournament failed to meet expectations...
New York Times - July 12, 2006
World Business Briefing | Europe: France: Eurotunnel Seeks Court Protection
Eurotunnel, the British-French tunnel operator, said that it sought protection in a French court as it pursued talks to avert bankruptcy because of £6.2 billion ($11.5 billion) in debts. Eurotunnel announced the move after hours of meetings with major creditors aimed at securing a debt restructuring plan that the Channel Tunnel operator says is essential to its survival. A spokeswoman, Mady Chabrier, said that the filing could be withdrawn if a debt restructuring agreement was reached. The chairman of Eurotunnel, Jacques Gounon, wants a deal with creditors that he can put before shareholders at a meeting in Calais on July 27. If not, he has said he plans to file for bankruptcy...
New York Times - July 12, 2006
World Business Briefing | Europe: France: G.E. Sells Electrical Supplies Unit
General Electric said it had agreed to sell its electrical products distributor, GE Supply, to a French electrical supplies distributor, Rexel, for $725 million. The deal is expected to close in the third quarter, and is part of G.E.’s strategy to focus on higher-return business segments. G.E. plans to use proceeds from the sale to reinvest in core operations and pay for restructuring. G.E. Supply will continue to distribute G.E. products. GE Supply, based in Shelton, Conn., had about 2,500 employees and $2.4 billion in revenue in 2005. Rexel plans to operate GE Supply as a stand-alone company reporting to a newly created holding company...
New York Times - July 12, 2006
World Business Briefing | Europe: Switzerland: Reinsurer to Cut More Jobs
The Swiss Reinsurance Company, the largest reinsurer in the world, will cut as many as 2,000 jobs, or 17 percent of its work force, after the purchase of the reinsurance unit of General Electric. Swiss Re, which is based in Zurich, said the reductions would affect employees in Zurich; London; Munich; Armonk, N.Y.; and Kansas City, Mo. In January, the company said the purchase of GE Insurance Solutions, based in Kansas City, would result in the loss of as many as 1,700 jobs. Swiss Re surpassed Munich Re as the largest reinsurer last month after completing the $7.4 billion purchase of the G.E. unit...
New York Times - July 12, 2006
Former Chief Resigns From Sears Post
By Bloomberg News...
New York Times - July 12, 2006
House Approves a Crackdown on Gambling
The crackdown on Internet wagering would ban not only sports bets but also online poker and other games...
New York Times - July 12, 2006
World Business Briefing | Asia: Japan: Marketing Executive Leaves Apple
Apple Computer said its vice president for marketing in Japan, Yoshiaki Sakito, one of the company’s top executives in Japan, had stepped down. Mr. Sakito resigned Monday after he and Apple reached an agreement, the company said, but declined to give details. Mr. Sakito has been credited with leading a successful marketing push for Apple’s iPod portable digital music player in Japan. Phil Schiller, above, the senior vice president overseeing worldwide marketing at Apple, will be the interim successor to Mr. Sakito ...
New York Times - July 12, 2006
World Business Briefing | Asia: Japan: New President at Coca-Coca Unit
Coca-Cola promoted Dan Sayre to president of its Japan unit to succeed Masahiko Uotani after first-quarter sales in the country fell 2 percent. Mr. Uotani was named to the newly created position of chairman of the Japanese division and will no longer oversee daily operations, the company said. Coca-Cola is struggling to turn around sales in Japan, where it gets 20 percent of its profits, after an advertising campaign for its Georgia brand canned coffee failed to attract younger drinkers...
New York Times - July 12, 2006
Genentech’s Profit Rises 79%, Yet Shares Fall
By Reuters...
New York Times - July 12, 2006
Three Are Indicted in Coke Secrets Case
ATLANTA, July 11 (AP) — A federal grand jury indicted three people on Tuesday on a charge that they conspired to try to sell Coca-Cola trade secrets to PepsiCo and were willing to give the information to the “highest bidder.”...
New York Times - July 12, 2006
Pepsi Bottling Profit Rises, but Not on Pepsi
By Reuters...
New York Times - July 12, 2006
Florida Bank Acquired in $1.1 Billion Deal
CLEVELAND, July 11 (AP) — The National City Corporation, a Midwestern bank holding company, said Tuesday that it had agreed to acquire Harbor Florida Bancshares for $1.1 billion in stock to establish its first retail presence in Florida...
New York Times - July 12, 2006
Williams-Sonoma Chief Retires Suddenly
By Reuters...
New York Times - July 12, 2006
Wired Magazine Regains Web Sites
The publication that helped popularize the Internet is poised to recover the online business it lost when the company was divided...
New York Times - July 12, 2006
President Is Stepping Down at Old Navy
Old Navy is working to regain its reputation for trendy and inexpensive clothes after customers complained the store was offering too many basics...
New York Times - July 12, 2006
HealthSouth Sentence Rejected Again
By Bloomberg News...
New York Times - July 12, 2006
Levi Strauss Profit Rose 50% in Quarter
By The Associated Press...
New York Times - July 12, 2006
Yeah, They Torture Jeans. But It’s All for the Sake of Fashion.
Sales of jeans with the beat-up look are booming on both sides of the Atlantic, making battered jeans a case study of global competition...
New York Times - July 12, 2006
Advertising: How Many See the Spots? Soon, Ad Buyers Will Know
New ratings from Nielsen that will show how many people are actually watching commercials, not just programs...
New York Times - July 12, 2006
Saudis Protest Pipeline Built by the Emirates
The Saudis say that the undersea line crosses Saudi territory and “cannot be constructed without the agreement of the kingdom.”...
New York Times - July 12, 2006
Financial Times Revamps Web Operation
The Financial Times plans to merge its newspaper and Web desks, a move that could lead to the layoffs of about 50 staff members...
New York Times - July 12, 2006
S.E.C. Looks to Cut Costs of Meeting Audit Rule
The Securities and Exchange Commission is scrambling to cut the costs of complying with the Sarbanes-Oxley Act without gutting the act...
New York Times - July 12, 2006
Russians and U.S. Push Hard on Trade
Russia and the United States are racing to reach a deal this week that would allow Moscow into the World Trade Organization...
New York Times - July 12, 2006
White House Forecasts Drop in the Deficit
A big jump in tax revenue will reduce the federal budget deficit this year, the Bush administration said. But budget analysts warned that the long-term outlook remained bleak...
New York Times - July 12, 2006
A Pot of Tax-Free Bonds for Post-9/11 Projects Is Empty
The federal Liberty Bonds program, which critics say has benefited developers and high-profile corporations, is almost depleted...
New York Times - July 12, 2006
2 Big New York Deals for Boston Developer
Beacon Capital Partners has acquired a billion-dollar Manhattan office tower and the tallest office building in White Plains...
New York Times - July 12, 2006
Giuliani Capital Is Close to Forming Alliance With 2 European Firms
The investment banking arm of Giuliani Partners is expected to announce an alliance with French and German firms...
New York Times - July 12, 2006
Europe Is Expected to Fine Microsoft Hundreds of Millions
The European Commission is expected to fine Microsoft hundreds of millions of euros for failing to provide information to its competitors...
New York Times - July 12, 2006
Swiss Raise Bid for Nickel-Mining Company
The Swiss mining conglomerate Xstrata intensified the fight for Falconbridge, Canada’s second-largest nickel-mining company...
New York Times - July 12, 2006
Small Gains as Earnings Season Gets Off to Rough Start
Disappointments from Alcoa and Lucent dragged the major indexes sharply lower before they rebounded late in the session...
New York Times - July 12, 2006
Chinese Company Intends to Build MG’s in Oklahoma
Nanjing Automobile Group plans to resurrect the fabled MG marque in a tricontinental demonstration of the global automotive industry...
New York Times - July 12, 2006
Market Place: U.S. Finance Pulls Biotech Across Seas
Some European biotechnology companies consider their science second to none, while conceding the superiority of American financial markets...
New York Times - July 12, 2006
Fire hits Chicago's metro system
Hundreds are evacuated after a fire on Chicago's metro system, but no serious injuries are reported...
BBC News - July 12, 2006
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