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US News Archive for June 2007:
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U.S. Open: At U.S. Open, Woods Spends First Round in the Bunkers
The two-time U.S. Open champion Tiger Woods spent the first round at Oakmont weaving in and out of trouble and leaning on his putter to save him...
New York Times - June 14, 2007
Six Men Charged in Fort Dix Plot Plead Not Guilty
The six men were arrested last month after prosecutors said two of them tried to buy weapons to attack Fort Dix...
New York Times - June 14, 2007
Bid to Ban Gay Marriage Fails in Massachusetts
Same-sex marriage will remain legal in Massachusetts, as its proponents won a pitched months-long battle today...
New York Times - June 14, 2007
Kurt Waldheim, Former U.N. Chief, Is Dead at 88
Kurt Waldheim, who was elected Austrian president despite his military service for the Nazis, died today...
New York Times - June 14, 2007
Judge Won't Delay Libby Prison Term
The ruling could send the former White House aide to prison within weeks...
New York Times - June 14, 2007
Music Review | Paul McCartney: Back in the U.S.A.: Paul McCartney Plays a ?Secret? Show
The gig at the Highline Ballroom was a promotion for his new album, ?Memory Almost Full? (Hear Music)...
New York Times - June 14, 2007
Indian Tycoon Considers Another Deal
Vijay Mallya is in talks to acquire a stake in SpiceJet, a publicly traded Indian airline backed by a Dubai investment fund and a group big banks including Goldman Sachs and HSBC...
New York Times - June 14, 2007
[TS] High & Low Finance: A Tower of Babel in Accounting?
The S.E.C. next week is expected to propose a rule that would allow foreign companies using international accounting standards to stop reconciling their financial statements to American rules...
New York Times - June 14, 2007
Wholesale Prices Up, but Consumers May Be Spared
Rising energy prices pushed wholesale prices up in May, but the measure of core producer prices registered a small increase, suggesting that high gasoline prices are not affecting the cost of other goods...
New York Times - June 14, 2007
J.&.J. Says It Is Cleared to Offer New Products
Johnson & Johnson said Thursday that its Cordis unit has resolved its issues with the F.D.A., clearing the way for the introduction of new cardiovascular devices...
New York Times - June 14, 2007
Home Foreclosures and Delinquencies Higher
Mortgage problems among homeowners with weak credit moved higher in the first three months of the year...
New York Times - June 14, 2007
Argentina vows Falklands' return
Argentine President Kirchner says Britain won an unacceptable "colonial victory" in the Falklands...
BBC News - June 14, 2007
US confirms missile shield plans
The US defence secretary confirms plans for a controversial missile defence shield in eastern Europe...
BBC News - June 14, 2007
Ex-Cheney aide 'must go to jail'
Ex-White House aide Lewis Libby is told he cannot delay going to jail while he appeals against a perjury conviction...
BBC News - June 14, 2007
Funds Released in North Korea Deal
The release by banking authorities of about $25 million in funds to North Korea is part of a nuclear deal...
New York Times - June 14, 2007
Computer Problem on Space Station Persists
The Russian computers that help keep the space station in orbit were out of commission for a second day...
New York Times - June 14, 2007
Subprime Problems Hit Both Goldman and Bear Stearns
Turmoil in the subprime mortgage market took its toll on two Wall Street investment banks today, as second-quarter profit at Bear Stearns dropped 33 percent and Goldman Sachs squeezed out a modest 1 percent rise in profit...
New York Times - June 14, 2007
Fed could lose mortgage authority
A senior US lawmaker calls on the Federal Reserve to protect US house buyers against unfair home loans...
BBC News - June 14, 2007
Paris Hilton leaves medical ward
Paris Hilton leaves a medical ward and returns to the detention centre where her jail term began...
BBC News - June 14, 2007
Fuel pushes up US prices
Wholesale prices in the US surge ahead in May, rising 0.9%, adding to concerns over continuing inflation risks...
BBC News - June 14, 2007
Ground Zero bank gets subsidy
JP Morgan Chase is to be paid hundreds of millions of dollars for relocating near the World Trade Center, reports say...
BBC News - June 14, 2007
Services mark Falklands conflict
The 25th anniversary of the end of the Falklands war is marked by events in the UK and south Atlantic...
BBC News - June 14, 2007
Ex-Cheney aide seeks prison delay
Ex-White House aide Lewis Libby asks a judge not to send him to jail for perjury before his appeal is heard...
BBC News - June 14, 2007
Brazil police mount Rio crackdown
A big police operation continues in a group of Rio shanty towns, as Brazilian police confront drug dealers...
BBC News - June 14, 2007
Computer crash hits space station
Russian computers controlling the
International Space Station's position and supply of oxygen and water fail...
BBC News - June 14, 2007
Arrest Uncovers Divide in Hmong-Americans
Many older Hmong-Americans were shocked by the arrest of Vang Pao, who was accused of conspiring to overthrow the government in Laos, because they felt American prosecutors were turning their backs on a war hero...
New York Times - June 14, 2007
Family Forestry
Large tracts of private forest are at risk of falling into mismanagement, subdivision or being sold for development...
New York Times - June 14, 2007
Mexico City hosts Kahlo showcase
The largest ever exhibition of artist Frida Kahlo's work goes on display in Mexico City...
BBC News - June 14, 2007
News Corp to sell US TV stations
Global media group News Corporation announces plans to sell nine of its Fox-affiliated TV stations in the US...
BBC News - June 14, 2007
Boxing: Toney gets steroids ban
Three-time world champion James Toney tests positive for steroids and has been given a one-year suspension...
BBC News - June 14, 2007
Abbas warns of 'collapse'
The Palestinian President warned of possible collapse in Gaza as Hamas launched new attacks on Palestinian Authority security forces in the south Wednesday after declaring northern Gaza a "closed military area."...
CNN - June 14, 2007
Blast kills anti-Syrian lawmaker
A member of the Lebanese parliament died in a Beirut bomb blast Wednesday -- the latest anti-Syrian politician to be killed in the country. Lawmaker Walid Eido, his son, Khalid, and two of his bodyguards were killed, Lebanese media reports said...
CNN - June 14, 2007
70 Million Years Ago, Birdlike Giant in China
Scientists have uncovered the fossil skeleton of a robust bird-like dinosaur that lived 70 million years ago...
New York Times - June 14, 2007
House Votes to Bolster Database on Gun Buyers
The bill would close the loophole in gun control laws that allowed the Virginia Tech gunman to buy firearms...
New York Times - June 14, 2007
An Obama Patron and Friend Until an Indictment
As Barack Obama runs for president, a once-beneficial relationship with an entrepreneur becomes problematic...
New York Times - June 14, 2007
Security Is Focus of Revised Effort on Immigration
The White House and senators from both parties mapped out possible changes to the stalled immigration bill...
New York Times - June 14, 2007
Brooklyn Waterfront Called Endangered Site
Today the National Trust for Historic Preservation plans to sound the alarm by declaring Brooklyn?s industrial waterfront one of America?s 11 most endangered historic places...
New York Times - June 14, 2007
Justice Dept. Reshapes Its Civil Rights Mission
The Bush administration has refocused the government?s role on religion-oriented cases instead of racial issues...
New York Times - June 14, 2007
World Business Briefing: China: Retail Sales Surged in May
Retail sales unexpectedly accelerated at the fastest rate in three years, lifted by rising incomes and a stock market that has doubled this year. Sales rose 15.9 percent from a year earlier to 715.8 billion yuan ($94 billion) after gaining 15.5 percent in April, the statistics bureau said. The gain was the biggest since May 2004 after adjusting for distortions caused by China?s Lunar New Year holidays...
New York Times - June 14, 2007
World Business Briefing: Japan: Current-Account Surplus Rises
The current-account surplus widened at the fastest rate in three years in April as exports rose and a weaker yen increased the value of investments abroad. The surplus expanded 50.3 percent, to 1.99 trillion yen ($16 billion), from a year earlier, as growth in exports to Asia and Europe helped offset a decline in shipments to the United States, the Ministry of Finance said. The trade balance climbed 34.7 percent. Exports climbed 7.3 percent from a year earlier, and imports advanced 3.2 percent...
New York Times - June 14, 2007
World Business Briefing: Germany: VW Narrows American Loss
Volkswagen narrowed its North American first-half loss by reducing discounts and warranty claims and concentrating on sales of the most profitable models, the company said. Volkswagen?s sales have fallen this year in the United States as the company prepares new models for 2008. The company sold 91,743 vehicles in the United States in the first five months, a 4.4 percent drop from a year earlier. Sales in 2007 will be flat, Mr. Hallmark said...
New York Times - June 14, 2007
World Business Briefing: China: Automaker Acquires Two Ventures
The Shanghai Automotive Company, China?s largest carmaker, agreed to buy out its partners in a truck maker and an auto-parts venture for 1.48 billion yuan ($194 million) to combine and expand its commercial-vehicle operations. The operations being taken over, the Shanghai Huizhong Automotive Manufacturing Company and the Shanghai Wanzhong Automotive Components Company, will become part of a Shanghai Automotive unit, the SAIC Motor Corporation, Shanghai Automotive said. The automaker already owns half of both ventures. The move is in line with a government plan to combine the country?s automakers...
New York Times - June 14, 2007
Ceridian to Weigh Plans to Sell Itself
The human resources company whose biggest shareholder regards a $5.3 billion takeover bid as too low, said it would be prepared to consider other plans to sell itself...
New York Times - June 14, 2007
Upfront TV Market Starts With NBC Universal Deal
The deal with the media agencies owned by the WPP Group is valued at $800 million to $900 million in commercial time...
New York Times - June 14, 2007
The Times Promotes Circulation Official
Yasmin Namini, senior vice president for circulation at the New York Times Media Group, has been promoted to senior vice president for marketing and circulation...
New York Times - June 14, 2007
News Corporation to Sell 9 TV Stations
The stations are generally in the smallest markets served by the News Corporation?s 35-station television group...
New York Times - June 14, 2007
Wall St. Journal Will Raise Price to $1.50
The Wall Street Journal will raise its weekday newsstand price from $1 to $1.50, starting July 16...
New York Times - June 14, 2007
A.I.G. Sues Ex-Officers Over Deals and Earnings
Maurice R. Greenberg and Howard I. Smith were sued, becoming the sole plaintiff in a case seeking more than $1 billion in damages...
New York Times - June 14, 2007
Refinery Considered for South Dakota
Hyperion Resources, a closely held Dallas investment firm, said it might build an oil refinery in South Dakota to capitalize on record gasoline prices...
New York Times - June 14, 2007
Stocks & Bonds: Markets Soar on Upbeat Economic Data
The bond market rallied and a government report on retail sales exceeded economists? estimates...
New York Times - June 14, 2007
Google Gives Up on Competing With eBay?s Big Boston Party
Google got into a tussle with eBay when it invited the auction site?s sellers to a party to promote Google Checkout, a service that competes with eBay?s PayPal...
New York Times - June 14, 2007
Lehman to Merge Two Residential Mortgage Units
The investment bank said BNC Mortgage will be combined with Aurora Loan Services into a single residential mortgage business, cutting 400 jobs...
New York Times - June 14, 2007
Wall Street to Get Guidelines on E-Mail
The ever-expanding number of ways to communicate has raised concerns about the spread of confidential information through unsecure devices...
New York Times - June 14, 2007
Family Forestry
Large tracts of private forest are at risk of falling into mismanagement, subdivision or being sold for development...
New York Times - June 14, 2007
Advertising: Another Spin for ?Buy American?
General Motors has decided to use its heritage as a competitive advantage in its advertising, rather than a weakness...
New York Times - June 14, 2007
Trial Ordered in Italy for 4 Big Banks in Parmalat?s Failure
Citigroup, Deutsche Bank, Morgan Stanley and UBS have been ordered to stand trial on charges of market manipulation...
New York Times - June 14, 2007
Economic Scene: The Loose Reins on U.S. Teenagers Can Produce Trouble or Entrepreneurs
The success of young entrepreneurs is rooted in the commercial, competitive, nonegalitarian and open nature of American society...
New York Times - June 14, 2007
Chase Bank Set to Build Tower by Ground Zero
JPMorgan Chase is expected to announce today that it has struck a deal to build a skyscraper near ground zero...
New York Times - June 14, 2007
A Small Rebound in the 2nd Quarter
A Federal Reserve report found that the economy was lusterless overall but quickening in some regions...
New York Times - June 14, 2007
F.D.A. Panel Rejects Drug for Obesity
A federal advisory panel cited concerns that Acomplia increases the risk of neurological and psychiatric problems, including suicide...
New York Times - June 14, 2007
State of the Art: Headphones to Shut Out the World
A test of 10 pairs of noise-canceling headphones reveals some unexpected stars...
New York Times - June 14, 2007
S.E.C. Ends Decades-Old Price Limits on Short Selling
Investors seeking to sell a share that they do not own will no longer be barred from doing so because the price of the stock is falling...
New York Times - June 14, 2007
Fighting the Web, Sports Teams Seek to Control Ticket Resales
Teams are controlling the resale market for their tickets to cut down on counterfeiting and the high prices demanded by scalpers...
New York Times - June 14, 2007
Baron Guy de Rothschild, Leader of French Arm of Bank Dynasty, Dies at 98
The heir to the House of Rothschild banking family twice rebuilt and expanded its Paris bank after it was seized by France during World War II...
New York Times - June 14, 2007
Kellogg to Phase Out Some Food Ads to Children
The company will phase out ads aimed at children under 12 unless the products meet nutrition guidelines...
New York Times - June 14, 2007
4 in Senate Seek Penalty for China
Four leading Democratic and Republican senators proposed legislation aimed at penalizing China over its export practices...
New York Times - June 14, 2007
Barneys Could Be Sold to Dubai Firm
The Jones Apparel Group is near an agreement to sell Barneys New York for about $825 million to the investment arm of the Dubai government...
New York Times - June 14, 2007
In Health Care, Cost Isn?t Proof of High Quality
A new study presents stark evidence that high medical payments do not buy high-quality patient care...
New York Times - June 14, 2007
Shoppers help US stocks rebound
US share prices on Wall Street move higher on strong economic data, pulling up the main European markets...
BBC News - June 14, 2007
Astronauts end second spacewalk
US astronauts finish their second spacewalk, folding up old solar panels on the International Space Station...
BBC News - June 14, 2007
End of Falklands War to be marked
The 25th anniversary of the end of the Falklands War will be marked by events in the UK and south Atlantic...
BBC News - June 14, 2007
US hands back artefacts to Peru
The US hands over more than 400 Incan and pre-Columbian artefacts to the government of Peru...
BBC News - June 14, 2007
Chavez: Castro near recovery
Venezuelan President Hugo Chavez says Fidel Castro is almost fully recovered after intestinal surgery...
BBC News - June 14, 2007
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