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US News Archive for August 2007:
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New Orleans Lawmaker Guilty in Bribe Case
The vice president of the City Council pleaded guilty today to taking $15,000 in bribes from a prominent businessman...
New York Times - August 13, 2007
Reader Q&A: Floyd Norris Answers Questions About the Markets
The Times?s chief financial correspondent on the markets, mortgage troubles and the credit squeeze...
New York Times - August 13, 2007
Elderly Organize to Meet Problems of Aging
Communities run by residents could make ?aging in place? safe and affordable for elderly people, experts say...
New York Times - August 13, 2007
Brooke Astor, New York?s First Lady of Philanthropy, Dies at 105
By night Brooke Astor reigned over New York society with a disdain for pretension and by day devoted her time and considerable resources to New York?s unfortunate...
New York Times - August 13, 2007
Deutsche Bank Brings in Greenspan as Adviser
The former U.S. Federal Reserve chairman has been hired as an adviser to Deutsche Bank?s corporate and investment banking unit, the bank said today...
New York Times - August 13, 2007
Accredited Home Sues Lone Star to Complete Merger
The lender is seeking to force Lone Star to close the merger, or else pay money damages. Accredited said this month that its survival was in doubt and a bankruptcy filing was possible...
New York Times - August 13, 2007
TPG and Northwest in Takeover Bid for Midwest Air
Midwest, which had been fending off hostile suitor AirTran Holdings, has accepted a higher bid of more than $400 million from TPG Capital and Northwest Airlines...
New York Times - August 13, 2007
Imperial Chemical Agrees to Takeover Offer
The British company that makes Dulux paints said it accepted a $16 billion takeover bid from Akzo Nobel...
New York Times - August 13, 2007
Qualcomm General Counsel Resigns
The resignation of Lou Lupin comes as Qualcomm faces multiple legal battles with rivals such as Broadcom Corp and a U.S. government ban on importing some wireless phones using its chips...
New York Times - August 13, 2007
Blackstone?s Profit Triples, but Challenges Continue
The private equity firm reported strong second quarter results, but acknowledged that the freeze in the credit markets could drag on its future earnings...
New York Times - August 13, 2007
Credit Squeeze Puts Europe?s Bank in Spotlight
On Monday, the European Central Bank provided the financial system with another 47.7 billion euros ($65 billion) to keep European money markets from drying up...
New York Times - August 13, 2007
Head of Chinese Toy Company Said to Kill Himself
Zhang Shuhong?s company was behind the recall earlier this month of more than a million Mattel toys...
New York Times - August 13, 2007
Goldman and Investors to Put $3 Billion Into Fund
Goldman Sachs and a group of investors are injecting $3 billion of capital into one of its flailing hedge funds...
New York Times - August 13, 2007
US church shooting murder charges
A man is charged with three counts of murder in connection with a shooting at a church in the US state of Missouri...
BBC News - August 13, 2007
Brazil Amazon destruction slows
Brazil's President Lula welcomes figures showing destruction of the Amazon rainforest decreasing by 25%...
BBC News - August 13, 2007
Church gunman yelled "liars," opened fire
A man with a machine pistol stormed into a southwestern Missouri church where his relatives were praying, shouting "liars, liars" as he opened fire and killed three people, police said. Eiken Elam Saimon, 53, was charged with three counts of murder. full story...
CNN - August 13, 2007
Two female Korean hostages freed
Two female South Korean hostages, abducted by the Taliban along with 21 others in Afghanistan more than three weeks ago, have been released, an Afghan official tells CNN. Nineteen other hostages -- 18 of them female -- are still being held. full story...
CNN - August 13, 2007
Emotional Rove announces departure
An emotional Karl Rove characterized his tenure in the White House as a "witness to history" as he announced his resignation as President Bush's senior political adviser at the end of this month. "It's not been an easy decision," Rove said, his voice breaking. full story...
CNN - August 13, 2007
Judge to Rule on Noriega Extradition
MIAMI (AP) -- Former Panamanian dictator Manuel Noriega wants U.S. officials to send him back to his home country when he finishes his drug trafficking and racketeering sentence next month, but American prosecutors are pushing for him to be extradited to France to face another trial...
New York Times - August 13, 2007
Latest Updates From The Lede Blog
?Karl Rove is moving on down the road,? President Bush told reporters on the White House lawn today...
New York Times - August 13, 2007
Karl Rove, Top Strategist, Is Leaving the White House
Mr. Rove, the mastermind behind President Bush?s two presidential campaigns, delivered an emotional statement today on the lawn at the White House...
New York Times - August 13, 2007
Imperial Chemical Agrees to Takeover Offer
The British company that makes Dulux paints said it accepted a $16 billion takeover bid from Akzo Nobel...
New York Times - August 13, 2007
Qwest Communications Names New C.E.O.
The international communications company said it has appointed Edward Mueller as its chairman and chief executive officer...
New York Times - August 13, 2007
DealBook Blog: Blackstone?s Profit Triples, but Challenges Continue
Blackstone Group posted quarterly earnings of $744.4 million as its private-equity and real-estate businesses showed strong gains...
New York Times - August 13, 2007
Inflation Surges in China
Steeply rising food prices pushed inflation in China to 5.6 percent last month, the fastest pace in a decade, government figures showed today...
New York Times - August 13, 2007
July Retail Sales Rise 0.3 Percent
Sales at U.S. retailers rose slightly more than expected in July and they were even stronger once car and gasoline sales were stripped out...
New York Times - August 13, 2007
Head of Chinese Toy Company Said to Commit Suicide
The head of a Chinese company that was behind the recall this month of more than a million Mattel toys committed suicide over the weekend, China?s state-controlled media reported today...
New York Times - August 13, 2007
Goldman Hedge Fund Gets $3 Billion Bailout
Goldman Sachs Group said today it will lead a group of investors, including Maurice '?Hank?' Greenberg and Eli Broad, who will sink $3 billion into one of its biggest hedge funds...
New York Times - August 13, 2007
Most Global Markets Spring Back From Plunge
If there is a crisis in global financial markets, it was not apparent in Asia and Europe today. And in morning trading on Wall Street, the week was off to a relatively calm start...
New York Times - August 13, 2007
Arctic neighbours begin scramble
The BBC's Lee Carter in Toronto looks into why countries are suddenly scrambling to stake a claim in the Arctic...
BBC News - August 13, 2007
Goldman leads $3bn fund bail-out
Investment bank Goldman Sachs is leading a group of investors in spending $3bn to bail out a hedge fund, following market turmoil...
BBC News - August 13, 2007
Bush-Sarkozy lunch 'not summit'
US President Bush hosts his French counterpart, Nicolas Sarkozy, for informal talks at his family home in Maine...
BBC News - August 13, 2007
Astronauts inspect shuttle
Astronauts begin a spacewalk outside the space station as Nasa decides whether to repair a gouge on the space shuttle...
BBC News - August 13, 2007
Teenager sues over porn picture
A teenager sues a US porn film company after it uses a photo of her aged 14 on the front of a DVD...
BBC News - August 13, 2007
US retail sales rebound in July
US retail sale rebound more than expected, as consumers shrug off ongoing housing market woes, figures show...
BBC News - August 13, 2007
Bridge death toll rises to nine
Rescuers find a ninth body in the wreck of a Minnesota highway bridge which collapsed 11 days ago...
BBC News - August 13, 2007
Karl Rove Says He Is Leaving the White House
Karl Rove, President Bush?s political adviser, intends to resign at the end of this month to return to Texas, according to an interview published this morning in The Wall Street Journal...
New York Times - August 13, 2007
Motor City Memo: Importing Chiefs, Detroit Reflects on Its ?Car Guys?
As a former Home Depot chief heads Chrysler, Detroit has completed a new-model changeover of the executive suite...
New York Times - August 13, 2007
Small Investors Seen as Safer in Stock Slide
The excesses in the financial markets are not in the traditional stocks and bonds where average Americans put their money...
New York Times - August 13, 2007
Gunman kills three in US church
Three people are killed in a shooting at a church service in the US state of Missouri...
BBC News - August 13, 2007
New efforts to rescue Utah miners
Rescuers searching for six trapped Utah miners are to drill a third hole in another attempt to locate them...
BBC News - August 13, 2007
Low-key birthday for Fidel Castro
Cuba breaks with tradition and is not holding official events to mark President Fidel Castro's 81st birthday...
BBC News - August 13, 2007
Tommy Thompson abandons presidential bid
Former Wisconsin Gov. Tommy Thompson is abandoning his presidential bid, his campaign announced Sunday night. Thompson, who also served in the Bush Cabinet, did not meet the expectations he set for himself in the Ames Republican straw poll held Saturday. full story...
CNN - August 13, 2007
Elizabeth Murray, 66, Artist of Vivid Forms, Dies
Elizabeth Murray was a New York painter who reshaped Modernist abstraction into a high-spirited, cartoon-based language of form...
New York Times - August 13, 2007
Workers at Mine Plan a Third Rescue Hole
Emergency workers searching for six coal miners who have been trapped for a week in a deep underground shaft announced that they would begin drilling a third hole...
New York Times - August 13, 2007
Woods Wins P.G.A. Championship
With a one-under-par 69 in the final round Sunday, Tiger Woods snared a two-shot victory over Woody Austin to claim his first major championship of the season and the 13th of his career...
New York Times - August 13, 2007
Inspection Finds Debris Penetrated Shuttle?s Tiles
A close-up laser inspection by astronauts on the space shuttle Endeavour revealed a three-and-a-half-inch gouge...
New York Times - August 13, 2007
Merv Griffin, Television Innovator, Dies at 82
One of TV?s most popular talk-show hosts, Merv Griffin also created some of the most successful game shows...
New York Times - August 13, 2007
Urban Migrants Moving Careers to Resort Towns
As technology enables people to work wherever they want, many are clustering in resort playgrounds...
New York Times - August 13, 2007
For a Joke-Telling Candidate, a Second-Place Finish
Mike Huckabee, the Republican who took second place in the Iowa Straw Poll, has distinguished himself as a candidate of considerable humor...
New York Times - August 13, 2007
The Week Ahead
THE CREDIT SQUEEZE The main focus will be on the credit crisis and its effect on the markets. Wednesday will be the 45th day before the end of the quarter, the deadline by which most hedge fund investors must notify the funds if they want to redeem investments...
New York Times - August 13, 2007
Treasury Auctions Set for This Week
The Treasury?s schedule of financing this week included today?s regular weekly auction of new three- and six-month bills and an auction of four-week bills tomorrow...
New York Times - August 13, 2007
Drilling Down: A Stock Soars After a Spam Swarm
Last Thursday, inboxes around the world were flooded with crude PDF documents promoting the stock of the Prime Time Group...
New York Times - August 13, 2007
In Third Chapter, No Box Office Rush on ?Rush Hour?
The last big-budget movie of the summer, ?Rush Hour 3,? opened in United States theaters with a middling $50.2 million in ticket sales...
New York Times - August 13, 2007
Advertising: A Variation on the DVR, Without Ad Skipping
Time Warner Cable is about to offer its customers a free recording feature for their televisions ? one that will not allow them to zap through the commercials...
New York Times - August 13, 2007
Formerly at Voice, Editor Takes a Job at the Competition
Manhattan Media named former Village Voice editor David Blum as the editor in chief of the New York Press...
New York Times - August 13, 2007
U.S. Market Seen for Iraqi-Made Clothes
Iraqi and American officials are in talks with major U.S. retailers to have clothing from Iraqi state-owned factories on sale in the U.S. by the holiday season...
New York Times - August 13, 2007
New British Men?s Magazine, but No Nudity, Please
Short List, a new men?s magazine in Britain, will not follow the traditional industry formula of bare-breasted B-listers and bawdy jokes...
New York Times - August 13, 2007
Ad Seeking Portfolio Web Host Suggests, ?Think Tina Fey?
In April, the business magazine Portfolio arrived with breathless anticipation. Last week, the run-up to the second issue took a decidedly less reverent turn...
New York Times - August 13, 2007
Ann Taylor Said to Plan Boomer Unit
Ann Taylor, known for its prim clothing for career women in their 30s and 40s, is developing a new casual apparel chain for the older, baby-boomer generation...
New York Times - August 13, 2007
A Filing by Gannett Has Set Off Alarms, and Reassurances
The nation?s largest newspaper company filed papers that included a new change-of-control plan that would accelerate payments to top executives in the event of a corporate takeover...
New York Times - August 13, 2007
From Housing Haven to Foreclosure Leader
Once considered a safe alternative to the overheated Bay Area real estate market, Stockton, Calif., is now filled with ?For Sale? signs and evidence of foreclosures...
New York Times - August 13, 2007
A Coming of Age at Nickelodeon: Noggin and the N Will Get Their Own Channels
The split, planned for the end of the year, will resonate particularly in the intense competition for the 9- to 14-year-olds and 12- to 17-year-olds...
New York Times - August 13, 2007
E-Commerce Report: Manufacturers Find Ways to Navigate Web Retailing
Manufacturers have realized that they can sell more aggressively to consumers online, which puts them in stronger financial positions and allows them to serve consumers more effectively...
New York Times - August 13, 2007
In Study Abroad, Gifts and Money for Universities
As overseas study has become a prized credential of the undergraduate experience, a competitive industry has emerged...
New York Times - August 13, 2007
Dutch Company Bets on Interactivity to Make G.P.S. Devices More Useful in the U.S.
TomTom, the world?s largest maker of car navigation devices, wants to build its United States presence and create a constantly updating digital map...
New York Times - August 13, 2007
If Thompson Runs for President, Don?t Look for Him in Reruns
NBC said it was ready to stop showing reruns of the episodes former Senator Fred D. Thompson appears in because of federal equal time regulations for presidential candidates...
New York Times - August 13, 2007
Regulator in Europe Proposes a Superagency to Wield Power Over Its Phone Markets
The European Commission is weighing a plan that could force some former phone monopolies in Europe to open their networks to greater competition...
New York Times - August 13, 2007
Xbox 360 Out of Order? For Loyalists, No Worries
Owners of the Microsoft Xbox 360 have watched their machines break down. But the game Halo 3 could redeem the company going into the holiday selling season...
New York Times - August 13, 2007
Names in the News Get a Way to Respond
Google, whose Google News is among the largest news aggregators, is asking the people or companies mentioned in news articles to comment on those reports...
New York Times - August 13, 2007
China, Filling a Void, Drills for Riches in Chad
China is investing heavily in poor African countries like Chad, raising Western concerns...
New York Times - August 13, 2007
NBC Making a Clean Start in a House of Mixed Media
After it bought the Web site iVillage.com last year, NBC Universal bragged that it had landed a digital darling. But few people are boasting about iVillage now...
New York Times - August 13, 2007
Small Investors Seen as Safer as Stocks Slide
The excesses in the financial markets are not in the traditional stock and bond markets where average Americans put their money...
New York Times - August 13, 2007
Motor City Memo: Detroit Reflects on ?Car Guys? as It Imports Executives
With the appointment of Robert L. Nardelli, the former Home Depot chief executive, to run Chrysler, Detroit has completed a new-model changeover of the executive suite...
New York Times - August 13, 2007
Pack Mentality Among Hedge Funds Fuels Market Volatility
As the credit markets have dried up, some quantitative funds could potentially have their worse year on record...
New York Times - August 13, 2007
Calm stock exchange opening
Markets in Asia open to calm and modest rallies as Japan's central bank makes a cash injection of $5bn...
BBC News - August 13, 2007
Marine freed in Iraq killing case
Clemency for US marine jailed for eight years for his role in the murder of an Iraqi civilian in Hamdaniya...
BBC News - August 13, 2007
Thompson ends US presidential bid
Tommy Thompson quits after a poor showing in an Iowa straw poll of Republican US presidential hopefuls...
BBC News - August 13, 2007
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