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US News Archive for March 2007:
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Taliban hostage makes video appeal
An Italian reporter kidnapped by the Taliban in Afghanistan on March 5 appealed to Italy's government to secure his release in a video distributed on Wednesday that proved for the first time he was alive...
CNN - March 14, 2007
GOP senator calls for Gonzales' head
Sen. John Sununu of New Hampshire on Wednesday became the first Republican lawmaker to call for Gonzales' resignation...
CNN - March 14, 2007
New York City Council Approves Ban on Metal Bats
The bill passed today with enough votes to override a potential veto by Mayor Michael R. Bloomberg...
New York Times - March 14, 2007
Bush Defends Gonzales in Firing of Prosecutors
President Bush said today that he was pleased that Attorney General Alberto R. Gonzales had acknowledged mistakes surrounding the dismissals...
New York Times - March 14, 2007
Wall Street Rebounds After Asian Stocks Plunge
Most markets in Asia fell by between 2 and 3 percent today as Wall Street fluctuates...
New York Times - March 14, 2007
Google Changes Policy on Search Records
Google said it would start to make search logs anonymous after 18 to 24 months. Under current practices, the company keeps the logs indefinitely...
New York Times - March 14, 2007
Judge Drops Case Against Former H.P. Chairwoman
Charges against Patricia Dunn were dismissed in the corporate spying case. Three other defendants were ordered to perform community service...
New York Times - March 14, 2007
State of the Art: One Number That Will Ring All Your Phones
GrandCentral?s motto, ?One number for life,? pretty much says it all...
New York Times - March 14, 2007
Pope warns liberation theologian
The Vatican criticises El Salvador's Father Jon Sobrino, who emphasises Jesus Christ's mortality...
BBC News - March 14, 2007
Bush 'not happy' at US sackings
President George W Bush says he is "not happy" over the sacking of eight US federal prosecutors...
BBC News - March 14, 2007
Cricket: Canada lose to Kenya
Kenya captain Steve Tikolo hits an unbeaten 72 as they cruised to a seven-wicket win over Canada...
BBC News - March 14, 2007
Castro 'says he is feeling well'
Cuba's President Castro told his Haitian and Venezuelan counterparts he is "very well" state media reports...
BBC News - March 14, 2007
Jury vetted in Lord Black trial
Jury selection begins in the trial of media tycoon Lord Conrad Black at a US federal court in Chicago...
BBC News - March 14, 2007
Mugabe critic 'has cracked skull'
Zimbabwe's main opposition leader Morgan Tsvangirai is in intensive care with a fractured skull sustained in a violent attack in police custody, his spokesman said...
CNN - March 14, 2007
Sex offender, 3 others held as police seek boy
Police on Wednesday named a convicted sex offender, his parents and a family friend as suspects in the disappearance of a Georgia boy, 6, who has been missing since last week. Police and volunteers continue to search for Christopher Barrios, missing since Thursday from a trailer park...
CNN - March 14, 2007
Bush irked by 'mistakes' in attorney firings
President Bush said Wednesday he is "not happy" about mistakes surrounding the decision to fire eight U.S. attorneys, but his faith in his attorney general is unwavering...
CNN - March 14, 2007
Microsoft to Buy Voice-Recognition Company
...
New York Times - March 14, 2007
Asian Stocks Plunge on Fears Over U.S. Economy
Most markets in Asia fell by between 2 and 3 percent today as Wall Street was steady after yesterday?s losses...
New York Times - March 14, 2007
G.M. Posts Fourth-Quarter Profit on Cost Cuts
G.M. showed its largest quarterly profit in more than two years as its restructuring plan drastically cut expenses...
New York Times - March 14, 2007
F.D.A. Issues Warning on Sleeping Pills
The F.D.A. ordered makers of commonly used sleep medications to print label warnings about risks and side effects like driving and eating while asleep...
New York Times - March 14, 2007
Record US trade deficit in 2006
The US current account deficit jumped by 8.2% to a record $856.6bn in 2006, figures show...
BBC News - March 14, 2007
US carmaker GM returns to profit
General Motors posts a profit for the final three months of 2006, on cost cuts and better performance at its auto unit...
BBC News - March 14, 2007
Body found 18 months after Rita
The body of a recluse is found in his bed 18 months after Hurricane Rita struck his town in south-east Texas...
BBC News - March 14, 2007
Bolivian oil bill to go to senate
Bolivia's lower house passes legislation that increases taxes on foreign oil companies...
BBC News - March 14, 2007
Bush vows migration reform drive
US President George W Bush says a reform of immigration laws is essential to improving ties with Mexico...
BBC News - March 14, 2007
New fears rekindle global sell-off
Concerns over a weak housing market in the United States, coupled with worries about growth in the world's biggest economy, have rekindled another global sell-off of stocks...
CNN - March 14, 2007
Mugabe critic 'has cracked skull'
Zimbabwe opposition leader Morgan Tsvangirai was in intensive care with a broken skull on Wednesday following what he says was a brutal police attack while in custody, his spokesman said...
CNN - March 14, 2007
2 New York City Police Officers Seriously Injured
One officer was shot twice in a gunfight in Harlem last night, and another officer was stabbed in Brooklyn...
New York Times - March 14, 2007
Asian Stock Markets Plunge After Wall St. Losses
Most markets in Asia were down between 2 and 3 percent today, their biggest drops since the sell-off two weeks ago...
New York Times - March 14, 2007
Group Advocating for Muslims in U.S. Gets More Scrutiny
A debate rages behind the scenes in Washington about the financing and motives of the Council on American- Islamic Relations...
New York Times - March 14, 2007
World Business Briefing | Asia: China: Government Approves Plans for Intel Plant
The Intel Corporation has received approval to build a $2.5 billion chip plant in China amid the country?s booming demand for chips used in personal computers and cellphones. The factory is planned for the northeastern city of Dalian, according to the cabinet?s National Development and Reform Commission, the country?s top economic planning agency. Intel officials in Beijing and at the company headquarters in Santa Clara, Calif., declined to comment, saying no formal announcement had been made...
New York Times - March 14, 2007
World Business Briefing | Americas: Canada: Bank Acquires New Jersey Money Manager
The Royal Bank of Canada agreed to buy a money manager J. B. Hanauer & Company of New Jersey, in its sixth acquisition in the United States in the last year. Details of the purchase, which is expected to be completed in May, were not disclosed, Royal Bank said. J. B. Hanauer, created in 1931, specializes in fixed-income and wealth management services. The company, based in Parsippany, has five offices in three states, with about 300 employees including 147 financial consultants, and almost $10 billion in assets under administration...
New York Times - March 14, 2007
World Business Briefing | Americas: Canada: Agloma Steel and German Suitor Part Ways
Algoma Steel said it had failed to reach agreement on a takeover by Salzgitter of Germany and had scheduled preliminary discussions with other potential buyers. Algoma said in mid-February that it might be acquired by Salzgitter at a price lower than where the company?s shares were trading at the time. Algoma negotiated with potential buyers in 2005 and renewed negotiations in February 2006 without reaching an agreement...
New York Times - March 14, 2007
World Business Briefing | Europe: Ireland: Aer Lingus Reports Loss for Year
Aer Lingus reported a loss in 2006 because of a pension fund shortfall, higher fuel prices and the cost of repelling a takeover attempt by Ryanair. Aer Lingus, which found itself under siege by Ryanair almost immediately after listing on the Irish and British stock exchanges in September, reported a net loss of 69.9 million euros ($92 million) for the year that ended Dec. 31, in contrast to a profit of 88.9 million euros in 2005. Exceptional expenses included a 104 million euros ($137 million) payment to the employees? pension fund and 16 million euros ($21 million) to lawyers, stockbrokers and other advisers hired to thwart Ryanair?s bid. Fuel costs also rose by 75 percent, to 234 million euros ($308 million). Sales rose 11.3 percent...
New York Times - March 14, 2007
World Business Briefing | Europe: Germany: Bid to Acquire Drug Maker?s Generic Unit
An Indian drug maker, Ranbaxy Laboratories, said it had submitted a bid for the generics unit of the German drug maker Merck but did not disclose how much it was offering. Analysts say Merck?s generics unit could be worth as much as 5 billion euros ($6.6 billion). Merck said last month that it had started contacting companies that might be interested in acquiring its generics drugs unit. Two companies, Ranbaxy and the Actavis Group of Iceland, have publicly expressed an interest. Merck is based in Darmstadt...
New York Times - March 14, 2007
World Business Briefing | Europe: Britain: Cadbury Shares Climb as Investor Buys Stake
Cadbury Schweppes said a group led by the billionaire Nelson Peltz had ac-quired a 2.98 percent stake in the company, leading to speculation about a takeover. The company?s shares rose more than 10 percent. Mr. Peltz, left, has a record as a shareholder activist, buying stock in companies he sees as undervalued then agitating for change from within, and analysts said the market would be watching closely to see if he tried to gain a seat on the Cadbury board. Cadbury, which is based in London and makes Dairy Milk chocolate, Dr Pepper soft drinks and Trident gum, declined to comment beyond a brief statement to the London Stock Exchange acknowledging the Peltz investment...
New York Times - March 14, 2007
Stocks & Bonds: Markets Sag as Mortgage Anxiety Spreads
Stocks plunged yesterday as the Dow Jones industrial average fell more than 240 points and troubles piled up for subprime lenders...
New York Times - March 14, 2007
F.D.A. Approves Glaxo Cancer Drug
GlaxoSmithKline won permission yesterday from the Food and Drug Administration to sell a tumor-growth inhibitor called Tykerb to treat breast cancer...
New York Times - March 14, 2007
Marriott Chief Received $8.58 million in 2006
J.W. Marriott Jr.?s compensation included perks such as use of the company?s private jet and company paid life insurance and tax services...
New York Times - March 14, 2007
Microsoft to Open Its Online Gaming Service to Windows Users
Xbox Live, Microsoft?s gaming network that serves some six million Xbox users, is scheduled to be opened to PC gamers on May 8...
New York Times - March 14, 2007
Cricket: Dujon cautious after win
Ex-West Indies star Jeffrey Dujon says they have "a long way to go" before they can be considered potential World Cup winners...
BBC News - March 14, 2007
US general regrets gay comments
The top military commander in the US expresses regret after saying homosexual acts are "immoral"...
BBC News - March 14, 2007
Poll: No victory seen in Iraq
Less than half of Americans believe the United States can win the war in Iraq, according to a CNN poll. The results mark the first time since the war began four years ago that a majority did not say the United States can win...
CNN - March 14, 2007
Mugabe opponent taken to hospital
Zimbabwe's most prominent opposition leader, his face swollen and a large gash on his head, was taken to a hospital Tuesday under police guard after appearing briefly in court along with about 50 activists arrested while trying to attend a prayer meeting...
CNN - March 14, 2007
Betty Hutton, Film Star of ?40s and ?50s, Dies at 86
Betty Hutton was a singer and actress celebrated as a ?blonde bombshell? of Hollywood musicals and comedies in the 1940s and 50s...
New York Times - March 14, 2007
Top General Explains Remarks on Gays
Gen. Peter Pace had said that he believed homosexual conduct was immoral and akin to adultery...
New York Times - March 14, 2007
At a Harlem Reunion, a Rancher From Missouri Meets His ?DNA Cousins?
A genetic test brings about an unlikely pairing of two cousins ? one from a cattle ranch in the Midwest, the other from the stages and church choirs of the Northeast...
New York Times - March 14, 2007
Wives United by Husbands? Post-N.F.L. Trauma
Neither the league nor the players? union consider dementia a football-related condition...
New York Times - March 14, 2007
?Mistakes? Made on Prosecutors, Gonzales Says
Attorney General Alberto R. Gonzales insisted that he would not resign, but said, ?I acknowledge that mistakes were made here.?...
New York Times - March 14, 2007
Scrutiny Increases for a Group Advocating for Muslims in U.S.
A debate rages behind the scenes in Washington about the financing and motives of the Council on American-Islamic Relations...
New York Times - March 14, 2007
J. Crew Records a Profit
The clothing retailer J. Crew Group reported a profit in the fourth quarter yesterday, in contrast to a loss a year ago, as sales rose...
New York Times - March 14, 2007
GMAC to Receive $1 Billion from G.M.
DETROIT, March 13 (Reuters) ? The General Motors Acceptance Corporation, the former financing arm of the General Motors Corporation, said on Tuesday that it would receive $1 billion more from G.M. under the terms of its spinoff and warned that it would be affected by the weakening market for mortgages...
New York Times - March 14, 2007
Icahn Makes Bid for Florida Home Builder
The investor Carl C. Icahn bid $955.9 million yesterday for WCI Communities, the Florida builder of condominiums and single-family homes, after saying he wanted to oust the board because the stock was undervalued...
New York Times - March 14, 2007
Discounts Stimulate Sales, Helping Kroger to 36% Increase in Profit for 4th Quarter
The Kroger Company, the nation?s biggest supermarket chain, said fourth-quarter profit rose more than analysts had anticipated as discounts spurred sales...
New York Times - March 14, 2007
Retail Sales Barely Rise; Cold Weather Gets Blame
Retail sales rose less than forecast in February as cold weather kept shoppers home...
New York Times - March 14, 2007
Treasury Reportedly Set to Act to Free North Korean Money
American officials see the step by the Treasury as a crucial part of the recent deal to disarm North Korea?s nuclear program...
New York Times - March 14, 2007
Clear Channel Postpones Vote on Sale
Clear Channel Communications, the largest United States radio broadcaster, postponed a shareholder vote on its $19 billion sale by a month yesterday to improve the deal?s chances for approval...
New York Times - March 14, 2007
Adviser Urges Caremark To Accept CVS Bid
The influential proxy advisory firm Institutional Shareholder Services reversed its stance yesterday and said that it would recommend that shareholders of Caremark Rx support a takeover proposal from the CVS drugstore chain...
New York Times - March 14, 2007
Square Feet: Paying Up to See a Long, Long Way
The need for sweeping views of Central Park has caught on among companies searching for offices, especially in the financial services industry...
New York Times - March 14, 2007
Paulson, at Talks on Regulation, Suggests Pendulum Has Swung Too Far
The treasury secretary questioned whether egulators had ?struck the right balance between investor protection and market competitiveness.?...
New York Times - March 14, 2007
House Panel Ponders the Growth and Risk of Hedge Funds
While investment banks are scrambling to get into the hedge fund business, officials say they need to know more about the industry...
New York Times - March 14, 2007
Citigroup Raises Its Bid for Brokerage in Japan
If successful, Citigroup?s takeover of Nikko Cordial would be the biggest foreign acquisition of a Japanese securities company...
New York Times - March 14, 2007
Russian Company Accused of Buying Press Coverage
A Norwegian cellphone company claims that a Russian telecommunications company paid journalists in Ukraine to publish negative articles...
New York Times - March 14, 2007
For Citigroup?s C.E.O., It Was a Very Good Year
Charles O. Prince was paid $25.98 million for his work in 2006, which represented an increase of about 13 percent increase over 2005...
New York Times - March 14, 2007
Microsoft Toolbar to Go on Lenova Computers
The agreement between Lenovo, the world?s third-largest PC maker, and Microsoft replaces a similar deal the Chinese computer maker had with Google...
New York Times - March 14, 2007
Advertising: Critics to Marketers: Suicide Is No Joke
A backlash over a spate of advertising with suicide themes has raised questions about ads that are deliberately provocative...
New York Times - March 14, 2007
Square Feet: Houston, the Oil Town, Is Sharing in a Boom
Galvanized by the record profits at energy companies, the city has shaken off the effects of the Enron implosion...
New York Times - March 14, 2007
Ex-Siemens Executives on Trial for Bribery
The trial is one of a host of legal difficulties facing Siemens that has shaken the country unlike any other recent business scandal...
New York Times - March 14, 2007
Earnings at Goldman Were Up 29% in Quarter
Goldman Sachs reported profit of $3.2 billion, setting a record amid growing concern over falling stock prices and an imploding subprime mortgage market...
New York Times - March 14, 2007
Medical Data on Empire Blue Cross Members May Be Lost
A compact disc holding vital medical and other personal information of about 75,000 members of Empire Blue Cross and Blue Shield has disappeared...
New York Times - March 14, 2007
A U.S. Alliance to Update the Light Bulb
A coalition of industrialists, environmentalists and energy specialists is banding together to try to eliminate the incandescent light bulb in about 10 years...
New York Times - March 14, 2007
Decaf Being Joined by De-Heartburn
Folgers has opened a new flank in the coffee war: a ?stomach friendly? coffee for Americans who think they can no longer handle the hard stuff...
New York Times - March 14, 2007
Mutual Funds at Some Risk on Mortgages
The turmoil tearing through the residential mortgage market will probably harm everyday investors...
New York Times - March 14, 2007
H.P. Restarts as Spy Case Lingers On
The revelations that a dysfunctional board spied on its members and on journalists still casts a shadow on a company that by most measures is performing well...
New York Times - March 14, 2007
Bad Loans Put Wall St. In a Swoon
Stocks fell broadly and sharply after a report on mortgage defaults indicated that the troubled housing market will weaken further...
New York Times - March 14, 2007
Viacom Sues Google Over Video Clips on Its Sharing Web Site
Accusing Google and its YouTube site of ?massive copyright infringement,? Viacom said it was seeking more than $1 billion in damages...
New York Times - March 14, 2007
Start-Up Fervor Shifts to Energy in Silicon Valley
Former dot-com entrepreneurs have found a new purpose in transforming the $1 trillion domestic energy market...
New York Times - March 14, 2007
Tennis: Sharapova crashes out
Maria Sharapova loses her cool and her fourth-round match at Indian Wells to Vera Zvonareva...
BBC News - March 14, 2007
Anti-Bush protests in Mexico City
Protesters riot outside the US embassy in Mexico, in the latest protest against President Bush's regional tour...
BBC News - March 14, 2007
MPs clash with police in Ecuador
Sacked Ecuadorean legislators clash with police, amid an escalating power struggle with the president...
BBC News - March 14, 2007
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