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US News Archive for August 2006:
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Air terror: New suspect arrested
British anti-terror police make a new arrest in the investigation into an alleged plot to detonate bombs aboard trans-Atlantic airliners, bringing the number of people in detention to 24...
CNN - August 15, 2006
Israel sets timetable for Lebanon pullout
Israeli forces will leave southern Lebanon within 10 days, giving way to U.N. and Lebanese forces, Israel's army chief of staff, Lt. Gen. Dan Halutz, said Tuesday...
CNN - August 15, 2006
Verbal Gaffe From a Senator, Then an Apology
WASHINGTON, Aug. 15 — If Senator George Allen of Virginia is thinking of running for president in 2008, as is widely believed, what he said in a little town in southwestern Virginia several nights ago may haunt him...
New York Times - August 15, 2006
Bloomberg Gives Millions to Anti-Smoking Efforts
The move is an indication of how New York City's mayor plans to amplify his work in office as he begins building his charitable foundation...
New York Times - August 15, 2006
Experts Cite Distribution as Key in Fighting H.I.V.
As new ways to prevent H.I.V. emerge, the world seems unprepared to make them widely available, experts said...
New York Times - August 15, 2006
Porsche Challenges German Government Over Volkswagen Voting Rights
The luxury car manufacturer wants a voice in Volkswagen equal to its investment, even if it means driving the German government out of the car business...
New York Times - August 15, 2006
Update on Prices Seems to Bolster Fed Decision
Wholesale prices rose only a tiny amount in July, the government reported...
New York Times - August 15, 2006
Wal-Mart Posts First Earnings Drop in 10 Years
The world’s largest retailer and a bellwether for the industry attributed the drop to difficulties in two foreign markets...
New York Times - August 15, 2006
US house market 'at 15-year low'
Optimism among US house builders falls to its lowest level in 15 years, the latest sign the market is slowing...
BBC News - August 15, 2006
Police ring off Mexico parliament
Mexican police ring Congress with steel barriers as protests against the presidential poll result turn violent...
BBC News - August 15, 2006
Fury as flight chaos continues
Airline officials have accused the British government and airport authorities of mishandling new security measures in the wake of an alleged terrorist plot...
CNN - August 15, 2006
'Explosion of diversity' sweeps U.S.
America's growing diversity has reached nearly every state, a new Census Bureau report shows. West Virginia is the exception, with its struggling economy and little history of attracting immigrants. Immigration policy is a big issue in this year's midterm congressional elections, and the new data help explain why...
CNN - August 15, 2006
Off-hand remark by senator causes flap
A volunteer of Indian descent working for Democrat Jim Webb's U.S. Senate campaign said Monday he felt insulted when Sen. George Allen called him a name that sounded like "Macaca" during a rally in western Virginia...
CNN - August 15, 2006
News Analysis: With Relations at a Low, India and Pakistan Mark Independence
In a fitting measure of this year’s discord, India and Pakistan refused to celebrate on the same day: Pakistan on Monday, India today...
New York Times - August 15, 2006
Blast That Killed 63 in Iraq Is Now Called an Attack
The U.S. military retreated from earlier assertions that an explosion was the result of an accidental gas leak...
New York Times - August 15, 2006
Census Shows Growth of Immigrants
The number of immigrants living in U.S. households rose 16 percent over the last five years, fueled largely by recent arrivals from Mexico...
New York Times - August 15, 2006
Israel Reduces Ground Forces in Lebanon
As the truce appeared to be holding on its second day, Lebanese civilians streamed back today to the homes they fled during the war between Israel and Hezbollah...
New York Times - August 15, 2006
Update on Prices Appears to Bolster Fed Decision
Wholesale prices rose only a tiny amount in July, the government reported today...
New York Times - August 15, 2006
US wholesale prices slow in July
Wholesale prices in the US see their smallest rise in five months, after a dip in food costs offset high energy bills...
BBC News - August 15, 2006
Mining giant eyes Australian deal
Copper producer Antofagasta makes a $400m offer for Australian business Equatorial Mining, sparking a bid battle...
BBC News - August 15, 2006
Staff costs widen Delphi losses
Struggling US car parts firm Delphi sees its losses widen 251% due to charges related to cost-cutting efforts...
BBC News - August 15, 2006
Witter handed world title chance
Junior Witter will fight for the WBC light welterweight title next month...
BBC News - August 15, 2006
Uribe warns fighters to confess
Colombia's President Uribe warns paramilitaries they must comply with tougher terms of the peace process...
BBC News - August 15, 2006
Minorities rise in most US states
The number of US immigrants increases to more than 35 million, says the US Census Bureau...
BBC News - August 15, 2006
Cease-fire holding despite clashes
A tense, tenuous cease-fire between Israeli troops and Hezbollah militants appears to be holding, despite a number of clashes and mortars fired inside south Lebanon...
CNN - August 15, 2006
Koizumi Further Deepens Debate Over Shrine
Prime Minister Junichiro Koizumi of Japan prayed at the Yasukuni Shrine despite warnings from Asian neighbors...
New York Times - August 15, 2006
Wal-Mart unveils drop in profits
US retail giant Wal-Mart reports its first drop in profits for 10 years as a result of selling its German business...
BBC News - August 15, 2006
Toyota top of US motoring survey
Toyota tops a survey gauging the satisfaction of US customers for the second year in a row...
BBC News - August 15, 2006
Landis' team to be disbanded
The former team of disgraced Tour de France winner Floyd Landis will be wound up at the end of the season...
BBC News - August 15, 2006
Empty chair marks Brazil debate
Hopefuls in Brazil's presidential elections take part in a TV debate marked by the absence of the president...
BBC News - August 15, 2006
Call for widespread HIV testing
Experts are urging the Experts are calling for a massive increase in routine testing for HIV to try to combat the spread of the virus...
BBC News - August 15, 2006
US recalls 300 soldiers to Iraq
Some 300 soldiers who had recently arrived home after a year in Iraq are ordered to return to the war zone...
BBC News - August 15, 2006
Refugees stream back to Lebanon
Thousands of civilians forced from their homes by more than a month of fighting are pouring back into war-ravaged southern Lebanon. Highways into the area are packed with displaced civilians...
CNN - August 15, 2006
Piles of concrete, twisted girders
Villagers are returning home after the 34-day conflict that cut a jagged swath of devastation through southern Lebanon. In many border villages, gunmen emerged from collapsed buildings and hugged one another...
CNN - August 15, 2006
Democrats See Security as Key Issue for Fall
After being outmaneuvered in the politics of national security, Democrats are determined not to cede the issue...
New York Times - August 15, 2006
Governors Resist Shifting Authority Over Guard
Governors are opposing legislation to let the president federalize National Guard troops in a disaster without local authorities’ consent...
New York Times - August 15, 2006
Travel: Tighter Security Is Jeopardizing Orchestra Tours
With new concerns about carry-on baggage, it has gotten tougher to be a classical musician...
New York Times - August 15, 2006
When Elevators Fail, City’s Enforcement Falters
Frustrated residents turn to the city for help and find that its enforcement effort can be alarmingly ineffective...
New York Times - August 15, 2006
Where Bel Canto Meets Paintbrush
Opening a new gallery, the Met paints a picture of it’s new season using the borrowed brushes of some heavy-hitting contemporary artists...
New York Times - August 15, 2006
New Data Shows Immigrants’ Growth and Reach
There are more immigrants in America, and they are settling in areas that until recently saw little immigrant activity...
New York Times - August 15, 2006
World Business Briefing | Americas: U.S. Developer to Sell Foreign Malls
The Mills Corporation, the mall developer, said that it would sell its interest in three foreign-based malls for $981 million as it seeks a way out of financial troubles. The company, which is based in Chevy Chase, Md., is selling the properties to Ivanhoe Cambridge, a mall developer based in Montreal. The properties to be sold are Vaughan Mills in Vaughan, Ontario,; the St. Enoch Center in Glasgow; and Madrid Xanadu in Madrid. Mills and Ivanhoe each currently own 50 percent of Vaughan Mills and St. Enoch Center, while Madrid Xanadu is wholly owned by Mills. The deal values the three properties jointly at $1.5 billion. Last week, the shares of Mills shares plunged after auditors questioned the company’s financial viability and after the company announced a series of accounting write-downs and problems with its Xanadu entertainment and retail development under construction at the Meadowlands in New Jersey. The Securities and Exchange Commission has been investigating the company’s accounting practices since March...
New York Times - August 15, 2006
World Business Briefing | Asia: India: Oracle Raises Stake in I-Flex
The Oracle Corporation, a software maker, said it would invest another $125 million in I-flex Solutions, a maker of financial software based in Mumbai. Last year, Oracle bought a controlling stake in I-flex for about $800 million. The new investment raises Oracle’s stake in I-flex to 55.1 percent, from 52.5 percent. Indian laws require that Oracle, of Redwood City, Calif., offer to buy up to 20 percent of the remaining shares of I-flex. Oracle’s investment will help I-flex pay for its purchase of Mantas, an American company based in Herndon, Va., that makes software that blocks money laundering. I-flex is paying about $123 million to acquire Mantas...
New York Times - August 15, 2006
World Business Briefing | Asia: China: Retail Sales Rise More Than 13%
Retail sales in China increased 13.7 percent in July as rising incomes spurred spending on clothes, furniture and cellphones. Retail sales rose to 601.2 billion yuan ($75 billion) from a year earlier after climbing 13.9 percent in June, the statistics bureau said. It was the fifth straight month that sales growth topped 13 percent. China has raised minimum salaries and welfare payments to encourage consumption and increase the sustainability of economic growth, which is being led by exports and investment. Rising consumer spending may allow the country to tighten curbs on investment without choking the economy, currently the fastest growing in the world. Sales of clothing and textiles rose 18.2 percent in July after gaining 18.1 percent in the first half. Purchases of building materials and home decoration goods rose 29.2 percent last month, accelerating from 24.4 percent in the first half...
New York Times - August 15, 2006
World Business Briefing | Europe: The Netherlands: Ahold Breakup Sought
Two shareholders of Royal Ahold, the grocery store chain, have called for drastic changes to the company’s structure, including the sale of the Ahold assets in the United States, which represent the bulk of the company. The shareholders, the investment funds Paulson & Company and Centaurus Capital, said they held 6.4 percent of Ahold’s shares. Two-thirds of Ahold’s business is in the United States, where it operates grocery chains like Stop & Shop, Tops and Giant. It also operates a bulk food distributor, U.S. Foodservice. Paulson and Centaurus called on Ahold to sell operations in the United States and focus on European retail, where Ahold operates the dominant Dutch chain Albert Heijn, among others. A spokesman for Ahold, Walter Samuels, said the company had no comment. Stock in Ahold, which is based in Amsterdam, rose 3 percent, to 7.33 euros ($9.33) a share...
New York Times - August 15, 2006
Sysco’s Profit Falls on Fuel and Options
By Reuters...
New York Times - August 15, 2006
Dillard’s Beat Expectations in 2nd Quarter
By Bloomberg News...
New York Times - August 15, 2006
Shares Are Modestly Higher After Paring Early Gains
By Reuters...
New York Times - August 15, 2006
Billionaire Investor Buys Tribune Stake
Nelson Peltz, who is in a proxy fight with the H. J. Heinz Company, has bought a stake in the Tribune Company, the newspaper publisher...
New York Times - August 15, 2006
Agilent Profit Doubled in Third Quarter
By Bloomberg News...
New York Times - August 15, 2006
Software Maker, Struggling With Turnaround, to Cut 1,700 Jobs
CA Inc., the world’s second-largest maker of mainframe computer software, said that it would cut about 11 percent of its work force, after first-quarter profit tumbled...
New York Times - August 15, 2006
Vote for Control of Heinz Keeps Pittsburgh on Edge
Residents fear that if an investment group gains more seats on the Heinz board, the venerable company will be the latest to leave the city...
New York Times - August 15, 2006
HealthSouth to Sell Its Clinics and Focus on Inpatient Care
HealthSouth's inpatient business accounted for about 58 percent of its operating revenue for the last quarter...
New York Times - August 15, 2006
ON THE ROAD: Start-Up Aims at $1,900 for Business Class to London
Silverjet will soon be the third all-business-class airline to begin service in the last year or so on the lucrative New York-London route...
New York Times - August 15, 2006
Frequent Flier: Appearance Isn’t Everything but It’s a Good Place to Start
I believe in looking my best — especially when I’m on the road...
New York Times - August 15, 2006
News Corp. to Start Selling Video Online
The company would start selling 20th Century Fox movies and television programs on its Web sites, for the increasing number of users who watch video online...
New York Times - August 15, 2006
Senators Voice Concern on S.E.C. Hedge Fund Case
Two senators said they are troubled by the agency’s handling of accusations that political considerations impeded the investigation of a prominent hedge fund...
New York Times - August 15, 2006
Advertising: Agencies Are Watching as Ads Go Online
Ad agencies are becoming used to having their work transformed from a polished spot into a mock ad on YouTube...
New York Times - August 15, 2006
Market Place: Real Money Rides on Bet on Basics of Investing
The gloves have come off in a debate over how investors can best capture the returns of the stock market...
New York Times - August 15, 2006
U.S. Wants Ex-Enron Chief to Pay Lay’s Share, Too
Federal prosecutors say Jeffrey K. Skilling is liable not only for his own ill-gotten gains but also for those of the late Kenneth L. Lay...
New York Times - August 15, 2006
Economy Grows Nearly 1% in Europe
The development is expected to fortify the resolve of the European Central Bank to raise interest rates again this year...
New York Times - August 15, 2006
New at Google: Local Coupons
Google will let any business offer discount coupons to people who use its Google Maps service, which also acts as an online yellow pages...
New York Times - August 15, 2006
A Surge in Flights-by-the-Hour
Companies that sell time cards that allow customers to fly a certain model of jet by the hour saw a surge in demand last week...
New York Times - August 15, 2006
A Woman to Be Chief at PepsiCo
Indra K. Nooyi’s promotion will make PepsiCo the largest United States company by market capitalization led by a woman...
New York Times - August 15, 2006
Maybe the Toughest Job Aloft
Flight attendants, whose profession was once considered glamorous, have seen workloads and stress levels rise, but not their pay...
New York Times - August 15, 2006
Move in India to Ban Coke and Pepsi Worries Industry
Industry groups are concerned that the bans could harm the country’s image as an attractive place for foreign investment...
New York Times - August 15, 2006
A Generic Drug Tale, With an Ending Yet to Be Written
The Justice Department is investigating a deal involving Bristol-Myers Squibb, Sanofi-Aventis and their big-selling drug Plavix...
New York Times - August 15, 2006
Auction Off for a Leader in Apparel
The Jones Apparel Group plans to abandon its months-long auction after failing to find a buyer willing to meet its price...
New York Times - August 15, 2006
Dell Will Recall Batteries in PC’s
Dell is recalling 4.1 million notebook computer batteries because they could erupt in flames. It will be the largest safety recall in the industry’s history...
New York Times - August 15, 2006
Advertisers Trace Paths Users Leave on Internet
Internet companies are analyzing records of what their users search for to target advertising directly to them...
New York Times - August 15, 2006
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