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US News Archive for July 2007:
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Top Riders Injured in Tour de France Crash
Filippo Pozzato of Italy won the fifth stage of the Tour de France on Thursday which featured a crash involving top riders Alexandre Vinokourov and Andreas Kloden...
New York Times - July 12, 2007
Miers Faces Possible Contempt Charges
A congressional panel moved toward seeking contempt charges against former the White House counsel Harriet Miers today after she refused to appear at a hearing...
New York Times - July 12, 2007
Surgeon General Nominee Defends Himself
Dr. James W. Holsinger Jr. told a Senate panel today that he would resign before putting politics over science...
New York Times - July 12, 2007
Ex-Mayor of Newark Indicted in Corruption Case
Sharpe James was indicted today on 33 counts of fraud and depriving government of honest services...
New York Times - July 12, 2007
Apollo to Buy Huntsman for $6.5 Billion
The $28-per-share cash bid by Apollo Management?s Hexion Specialty Chemicals trumped an earlier bid for the U.S. chemicals company by Basell. Huntsman?s board unanimously approved the $28 per share cash bid from Apollo, the private equity firm founded by Leon Black, after Basell said late on Wednesday it would not raise its earlier bid of $25.25 per share...
New York Times - July 12, 2007
Marriott Earnings Rise but Shares Fall on Outlook
The top U.S. hotel operator said second-quarter profit rose 11 percent, but concerns about slowing growth in North America led to a decline in its shares...
New York Times - July 12, 2007
Stores Post Modest Sales in June
NEW YORK (AP) -- Consumers were eager to buy iPhones and flat-screen TVs in June, but their reluctance to purchase clothing and other non-essentials has retailers worried about the success of the back-to-school shopping season...
New York Times - July 12, 2007
S.&P. and Dow Set New Records
Wall Street soared today, propelling the Standard & Poor?s 500 index and Dow Jones industrials to record highs...
New York Times - July 12, 2007
Alcan Endorses $38.1 Billion Bid From Rio Tinto
The $101-a-share Rio Tinto bid represents a 32.8 percent premium to Alcoa?s hostile offer of $76.03 a share, potentially making it difficult for Alcoa to increase its bid...
New York Times - July 12, 2007
Dow Jones hits yet another record
The Dow Jones share index closes at yet another record high, lifted by strong retail sales and takeover talk...
BBC News - July 12, 2007
Bush denies al-Qaeda 'as strong'
US President George W Bush denies that al-Qaeda is as strong as it was at the time of the 9/11 attacks...
BBC News - July 12, 2007
Peru challenges Fujimori ruling
Peru appeals against a Chilean judge's decision to block the extradition of former President Alberto Fujimori...
BBC News - July 12, 2007
Lord Black jury finishes 11th day
The jury in the Lord Black fraud trial finishes its 11th day of deliberations without being able to reach a verdict...
BBC News - July 12, 2007
Spain seizes ship in treasure row
Spain's Civil Guard seizes a boat operated by a US company amid a row over treasure from a shipwreck...
BBC News - July 12, 2007
Senators reject Bush Iraq claims
US senators challenge US President George W Bush over his response to an interim report on Iraq progress...
BBC News - July 12, 2007
Mexico genocide trial suspended
A Mexican court suspends the genocide trial of former president Luis Echeverria over student killings in 1968...
BBC News - July 12, 2007
Nominee Says Politics Won?t Trump Science
President Bush?s nominee to become the next surgeon general said today he would resign rather than allow politics to push aside science...
New York Times - July 12, 2007
Israeli Soldier Killed in Gaza
JERUSALEM (AP) -- Israeli forces moved into the Gaza Strip early Thursday in a hunt for weapons and wanted militants, sparking a fierce battle with Hamas militants that killed one Israeli soldier. It was the first time a soldier has died in battle since November, the army said...
New York Times - July 12, 2007
3rd Suspect Is Arrested in Shooting of Officers
The suspect, Robert Ellis, who the police say was one of the shooters, was arrested today near Pocono Township, Pa...
New York Times - July 12, 2007
Stocks Surge on Retail Sales Reports
NEW YORK (AP) -- Stocks surged Thursday, pushing the Dow Jones industrials into record territory as bright spots among retailers' generally sluggish June sales reports allowed investors to toss aside concerns about the health of the economy that have for weeks dogged Wall Street...
New York Times - July 12, 2007
Stores Post Lackluster Sales in June
NEW YORK (AP) -- Retailers' hopes for a successful back-to-school shopping season grew dim Thursday after they reported generally modest sales gains for June, extending a string of disappointments that began last winter...
New York Times - July 12, 2007
Rio Tinto Offers $38.1 Billion for Alcan
The mining giant has offered to buy the Canadian aluminum company in a friendly takeover that exceeds a $28 billion bid by U.S.-based Alcoa...
New York Times - July 12, 2007
Trade Gap Grew 2.3 Percent in May
The nation?s trade deficit widened to $60 billion as oil prices jumped and the volume of foreign oil coming into the United States rose...
New York Times - July 12, 2007
Oil imports hike US trade deficit
The US trade deficit rises to $60bn in May, fuelled by increased demand for foreign oil and cheap Chinese goods...
BBC News - July 12, 2007
US grassroots on climate change
The BBC's Sam Wilson profiles three grassroots ventures to combat climate change in the state of California...
BBC News - July 12, 2007
Royalty fee 'to damage net radio'
Hundreds of US net radio stations face potential closure from Monday when a new royalty fee begins...
BBC News - July 12, 2007
US concern at al-Qaeda strength
Al-Qaeda has regrouped and is at its strongest since before the 9/11 attacks, according to leaks of a US intelligence report...
BBC News - July 12, 2007
False alarm diverts US-UK flight
A flight from Los Angeles to London has been diverted to New York amid concern about one of the passengers...
BBC News - July 12, 2007
Venezuela TV set for cable launch
Venezuela's opposition-aligned RCTV says it will start cable broadcasts from Monday after losing its terrestrial licence...
BBC News - July 12, 2007
Potter film breaks record in US
The latest Harry Potter film takes a record-breaking $12m (£6m) at midnight screenings in the US...
BBC News - July 12, 2007
Lady Bird Johnson, 94, Dies; Eased a Path to Power
Mrs. Johnson was a calm and steadying force for her often moody or volatile husband, President Lyndon B. Johnson...
New York Times - July 12, 2007
For Parking Space, the Price Is Right at $225,000
As real estate elsewhere languishes, Manhattan property is still escalating in price, and that includes parking spots...
New York Times - July 12, 2007
Facing a Lawsuit, Corzine Swears Off E-Mail
Gov. Jon S. Corzine of New Jersey has stopped using e-mail in response to a lawsuit seeking e-mail messages he exchanged with the state union president who is also a former companion...
New York Times - July 12, 2007
Rio Tinto Bids 65% Premium for Alcan
Rio Tinto?s $38.1 billion bid exceeds a $28 billion offer from Alcoa Inc. that Alcan?s board roundly rejected...
New York Times - July 12, 2007
Rio Tinto in $38.1bn Alcan bid
Anglo-Australian mining group Rio Tinto agrees to buy Canadian aluminium group Alcan for $38.1bn...
BBC News - July 12, 2007
Refco advisers in legal spotlight
Advisers to Refco may be sued for professional negligence for their alleged role in its collapse, a legal expert says...
BBC News - July 12, 2007
Motorola issues profits warning
Motorola warns it will make a loss in the second quarter of the year, blaming weak mobile sales in Asia and Europe...
BBC News - July 12, 2007
Argentina to meet Brazil in Copa America final
Argentina beat Mexico 3-0 - including a stunning Lionel Messi goal - to set up a Copa America final against Brazil...
BBC News - July 12, 2007
Pele tells Beckham to expect test
Brazil legend Pele tells David Beckham not to expect an easy ride when he starts playing in the United States...
BBC News - July 12, 2007
US flight diverted over 'concern'
A flight from Los Angeles to London is diverted to New York after a suspicious passenger is reported, officials say...
BBC News - July 12, 2007
Facing Suit, Corzine Quits Realm of E-Mail
Gov. Jon S. Corzine of New Jersey has stopped using e-mail in response to a lawsuit seeking e-mail messages he exchanged with the state union president who is also a former girlfriend...
New York Times - July 12, 2007
The Money?s in the Mattress
For $15,500, you?re promised a good night?s sleep; for $59,750, a brass nameplate...
New York Times - July 12, 2007
National Archives Release 11 Hours of Nixon Tapes
The newly released recordings provide a fresh glimpse of the political Richard M. Nixon as the Watergate clouds were just beginning to form...
New York Times - July 12, 2007
2nd Arrest Made in Shooting of Police Officers
The suspect, Dexter Bostic, who the police say shot a police officer, was arrested near Stroudsburg, Pa...
New York Times - July 12, 2007
McCain Call Raises an Ethics Question
Senator John McCain of Arizona made a cell phone call to his top fund-raisers from the Capitol, raising ethics questions...
New York Times - July 12, 2007
House Passes Overhaul Plan on Student Aid
The House voted to cut federal subsidies to student lenders and halves interest rates on federally backed loans...
New York Times - July 12, 2007
Lady Bird Johnson, 94, Is Dead
Lady Bird Johnson, whose helped President Lyndon B. Johnson?s road to the White House, has died at 94...
New York Times - July 12, 2007
Patchwork City: Road to New Life After Katrina Is Closed to Many
More than two years after Hurricane Katrina hit, going home to New Orleans has become a receding dream for thousands of evacuees...
New York Times - July 12, 2007
A Nuclear Ruse Uncovers Holes in U.S. Security
Investigators set up a bogus company and obtained a license that would have allowed them to buy the radioactive materials needed for a so-called dirty bomb...
New York Times - July 12, 2007
Some Chronically Ill Adults Wait for Medicare
The researchers studied what happened when people who had not had insurance suddenly could have their health care paid for by the federal government...
New York Times - July 12, 2007
For Parking Spot, the Price Is Right at $225,000
Property in Manhattan continues to escalate in price, and that includes parking spaces...
New York Times - July 12, 2007
World Business Briefing: Canada: Alcan Moves to Avert Takeover
Alcan, the Canadian aluminum producer, said it had signed agreements with third parties to evade a hostile $28.8 billion takeover bid from Alcoa...
New York Times - July 12, 2007
World Business Briefing: China: Growth Stronger Than Thought
China revised its 2006 economic growth data to a 12-year high of 11.1 percent, from 10.7 percent...
New York Times - July 12, 2007
World Business Briefing: Japan: Inflation Up, Confidence Down
Japan?s wholesale inflation accelerated in June as oil and other commodity prices rose, prompting food and packaging companies to pass on costs to clients...
New York Times - July 12, 2007
World Business Briefing: Canada: Steel Maker Acquiring a Rival
Chaparral Steel has accepted a $4.22 billion takeover offer from Gerdau Ameristeel in the latest consolidation move in the steel industry...
New York Times - July 12, 2007
Ending a Limit on Kennedy Flights Increases Passengers and Delays
A federal decision to remove the limit at the airport on the number of arrivals and departures between 3 p.m. and 8 p.m. is seen as the main cause...
New York Times - July 12, 2007
A Women?s Magazine That Tried to Be Otherwise
A love-hate relationship between a magazine and its readers ends...
New York Times - July 12, 2007
Skin Deep: Black for Me, Light for My Hips
Caffeine-filled products are creating a buzz at the drug store...
New York Times - July 12, 2007
Liz Claiborne to Cut Jobs and Review Brands
The apparel company Liz Claiborne said that it planned to cut 600 to 800 jobs and that it might sell 16 brands...
New York Times - July 12, 2007
Sales in China Help Lift Yum Brands? Profit
Yum Brands reported a 12 percent rise in quarterly net earnings and nudged up its profit forecast for the year...
New York Times - July 12, 2007
Q & A: Dial Up the Web With a Cellphone
How do I use my cellphone as a modem?...
New York Times - July 12, 2007
AOL Settles Case Over Tactics to Keep Customers
AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement...
New York Times - July 12, 2007
Hollywood Officials Seek End to System of Paying Residuals
Several Hollywood executives called for the end of the entertainment industry?s system of paying so-called residuals for the reuse of movie and television programs...
New York Times - July 12, 2007
Stocks & Bonds: Awaiting Earnings With Mild Optimism
Wall Street bounced back yesterday from its sharp decline a day earlier, lifted by takeover activity ahead of a majority of second-quarter earnings reports...
New York Times - July 12, 2007
Ventana Spurns Offer
Ventana Medical Systems said that its board had rejected an unsolicited $3 billion cash tender offer from the Swiss drug maker Roche Holding...
New York Times - July 12, 2007
Attacks in Britain Worry India Muslims
The foiled terrorist attacks in Britain have prompted anxiety and soul searching in India, whose economy is bolstered by its citizens? ability to work overseas...
New York Times - July 12, 2007
Sales of Cancer Drugs Give Genentech Profit a Lift
Genentech, the biotechnology company, posted a 41 percent increase in second-quarter profit on sales of its cancer drugs, continuing a positive earnings streak...
New York Times - July 12, 2007
October Start Is Set for Fox Business Network
The News Corporation announced that its all-business news cable channel, to be called the Fox Business Network, will start on Oct. 15...
New York Times - July 12, 2007
China Prohibits Poisonous Industrial Solvent in Toothpaste
China banned manufacturers from making toothpaste with diethylene glycol, a poisonous solvent used in some antifreeze, the state news agency, Xinhua, reported...
New York Times - July 12, 2007
Making a Little Company Look Big
Thanks to technological advances, it may be easier today to pull off the impression that a company is bigger...
New York Times - July 12, 2007
Nintendo Says Its Wii Game Will Remain in Short Supply
Nintendo expects its popular Wii game machine will continue to be in short supply, while Sony said it is seeing increased PlayStation 3 sales after announcing a price cut...
New York Times - July 12, 2007
Economic Scene: A Way for Resource-Rich Countries to Audit Their Way Out of Corruption
Governments should be made more accountable in spending their money, but how can that be done?...
New York Times - July 12, 2007
Ruling on Lawsuits in Refco Bankruptcy
An examiner reviewing the 2005 bankruptcy of Refco said that two law firms and two accounting firms could be sued in connection with the firm?s collapse...
New York Times - July 12, 2007
Advertising: Bayer Goes Viral in Web Pitch for Painkiller
To attract a younger customer, Bayer HealthCare is starting an online game today for Aleve Liquid Gels, a product that was introduced in March...
New York Times - July 12, 2007
Game Theory: It?s Nice to Have Minions, Whether for Good or Evil
Jackie Estacado has to wait a little while before any minions show up in The Darkness, a first-person shooter from Starbreeze Studios...
New York Times - July 12, 2007
Ratings Cut Near for Debt Products
Moody?s Investors Service may reduce the ratings of $5 billion of collateralized debt obligations after lowering the ratings of subprime mortgage bonds that make up the securities...
New York Times - July 12, 2007
Shift in Health-Cost Focus Is Said to Show Promise
By coordinating care and keeping their patients out of the hospital, doctors can help reduce overall health care spending, Medicare officials said...
New York Times - July 12, 2007
G.E. and Abbott Call Off Deal for Diagnostics Units
General Electric will not go through with a deal to buy two Abbott Laboratories diagnostic units for $8.1 billion in cash, the two companies said...
New York Times - July 12, 2007
Bush Official Opposes Raising Taxes on Private Equity
The Bush administration warned lawmakers not to raise the tax rate of private equity and hedge funds or their managers, maintaining that it would injure the economy...
New York Times - July 12, 2007
S.E.C. Sets Hedge Fund Constraint
The Securities and Exchange Commission has adopted rules ensuring that it can sue hedge funds for misleading investors...
New York Times - July 12, 2007
Sallie Mae?s Suitors Say the Deal Is at Risk
A consortium planning to buy the student loan giant Sallie Mae said that legislation aimed at reducing subsidies to lenders might harm the $25 billion deal...
New York Times - July 12, 2007
Mileage Bill Draws Fire From Buyer of Chrysler
John W. Snow, the chairman of the firm that is buying Chrysler, said that a bill to raise fuel economy standards could devastate the American auto industry...
New York Times - July 12, 2007
Motorola Says It Will Post a Loss as Sales Fall Short
Motorola?s troubles worsened on Wednesday when it announced that sales and profits would fall considerably short of earlier projections...
New York Times - July 12, 2007
Still Brown, but Going High Tech
The United Parcel Service has embraced the latest methods to improve deliveries and air safety...
New York Times - July 12, 2007
China Not Sole Source of Dubious Food
Federal records suggest that China is not the only country that has problems with its exports...
New York Times - July 12, 2007
Whole Foods Executive Used Alias
For seven years, John P. Mackey, the co-founder of Whole Foods Market, had an online alter ego...
New York Times - July 12, 2007
BBC delves into Brazilians' roots
Nine famous Brazilians undergo DNA tests organised by BBC Brasil to trace their origin - with surprising results for all...
BBC News - July 12, 2007
Bush aide testifies in firing row
A former White House aide tells senators President Bush was not involved in the firing of federal prosecutors...
BBC News - July 12, 2007
Water found on distant planet
Astronomers find water in the atmosphere of a giant planet outside our Solar System...
BBC News - July 12, 2007
Ecuadorian doctors 'stole twin'
The parents of twin girls separated at birth in Ecuador sue doctors who they say kidnapped one of the babies...
BBC News - July 12, 2007
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