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US News Archive for November 2007:
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The Caucus Blog: Questions About Carville and CNN
After Thursday?s debate, James Carville was on CNN, but he wasn?t introduced as an informal adviser to Hillary Clinton?s campaign...
New York Times - November 16, 2007
Ruling Blocks Challenge to Wiretapping
The complex federal appeals court ruling signaled trouble for civil rights groups trying to show that the eavesdropping program was unconstitutional...
New York Times - November 16, 2007
FedEx Shares Slump on Lowered Outlook
The company?s shares sank nearly 5 percent in morning trading as it cut its earnings forecast for the second quarter and full year, citing fuel costs and a troubled freight market...
New York Times - November 16, 2007
Industrial Production Plunged in October
The Federal Reserve said that output at the nation?s factories, mines and utilities fell by 0.5 percent last month, a much worse outcome than had been expected...
New York Times - November 16, 2007
Abu Dhabi Takes 8% Stake in Advanced Micro
Advanced Micro Devices said that an investment arm of Abu Dhabi?s government had taken an 8 percent stake in the chip company for $622 million...
New York Times - November 16, 2007
Stocks End Volatile Day With Comeback
Wall Street staged a late-day comeback after investors set aside some concerns about the banking sector and the health of the overall economy...
New York Times - November 16, 2007
Fed Official Hints at No Rate Cut
A Federal Reserve governor warned today that another interest rate cut would probably offer few benefits to the economy...
New York Times - November 16, 2007
High Oil Prices Confound OPEC
As leaders of the Organization of the Petroleum Exporting Countries meet in Saudi Arabia, there are signs that high oil prices are a mixed blessing for producers...
New York Times - November 16, 2007
Japan PM in Afghanistan pledge
PM Yasuo Fukuda tells President Bush he will push to resume Japanese support for US-led operations in Afghanistan...
BBC News - November 16, 2007
US seeks end to Pakistan crisis
America's John Negroponte goes to Pakistan to boost "moderate forces" and speaks to ex-PM Benazir Bhutto...
BBC News - November 16, 2007
Turkey Moves to Ban Kurdish Party
ANKARA, Turkey (AP) -- Turkish authorities on Friday took steps to ban the country's leading pro-Kurdish political party and expel several of its lawmakers from parliament on charges of separatism...
New York Times - November 16, 2007
Sports of the Times: The Truth Could Have Set Bonds Free
Barry Bonds could have avoided Thursday?s indictment by parceling out just enough truth to satisfy a grand jury...
New York Times - November 16, 2007
Koreas Announce New Cooperation
The prime ministers of North and South Korea announced a significant package of cross-border economic projects...
New York Times - November 16, 2007
Election Observer Cancels Russian Mission
The group has decided not to monitor parliamentary elections, citing restrictions imposed by the Kremlin...
New York Times - November 16, 2007
War Bills From Both Parties Fail in Senate
The Senate today blocked an effort by Democrats to act on a war spending bill that would have required that troop withdrawals. A Republican bill also failed...
New York Times - November 16, 2007
Industrial Production Plunged in October
The Federal Reserve said that output at the nation?s factories, mines and utilities fell by 0.5 percent last month, a much worse outcome than had been expected...
New York Times - November 16, 2007
FedEx Shares Slump on Lowered Outlook
The company?s shares sank nearly 5 percent in morning trading as it cut its earnings forecast for the second quarter and full year, citing fuel costs and a troubled freight market...
New York Times - November 16, 2007
Market Edges Up as Energy and Tech Shares Rise
Stocks advanced today as gains in energy company shares and positive news in the tech sector offset declines in financial company shares on credit market concerns...
New York Times - November 16, 2007
Abu Dhabi Company Buys A.M.D. Stake
A company owned by the Abu Dhabi government, Mubadala Development, said today that it had bought 8.1 percent of Advanced Micro Devices...
New York Times - November 16, 2007
Fed Official Hints at No Rate Cut
A Federal Reserve governor warned today that another interest rate cut would probably offer few benefits to the economy, an explicit hint that the Fed plans to hold rates steady next month...
New York Times - November 16, 2007
Iran calls for US nuclear apology
Iran's president says the US should apologise for the way it has treated Tehran over its nuclear programme...
BBC News - November 16, 2007
Domestic Disturbances: Ritalin Wars
The author wonders if everything she learned about children and attention deficit disorders is wrong...
New York Times - November 16, 2007
Clinton?s in Thick of Barbed Democratic Debate
Senator Hillary Rodham Clinton warned her rivals that they risked playing into the hands of Republicans...
New York Times - November 16, 2007
On Baseball: Indictment Deepens Baseball?s Shame
Barry Bonds is not likely to be stripped of his home run record for now, but it will be harder for him to play again...
New York Times - November 16, 2007
Cyclone Sidr Kills 240 in Bangladesh
The cyclone that swept across the edges of southern Bangladesh downed trees and swept away homes...
New York Times - November 16, 2007
People in the News
Comings and goings in the finance and legal businesses...
New York Times - November 16, 2007
As Bank Profits Grew, Warning Signs Went Unheeded
There were signs that banks were either lying about their results or were taking large risks that were not fully disclosed, but investors were oblivious...
New York Times - November 16, 2007
Persistent Worries Cool Investor Activity
Stocks fell sharply on Thursday as investors grappled with concerns about consumer spending and the overall economy after downbeat comments from J.C. Penney and Wells Fargo...
New York Times - November 16, 2007
Writers? Strike Opens New Window on Hollywood
Much of what is said and done in Hollywood is meant to give the impression of solidity. But in reality, one tug on a card can make an entire production implode...
New York Times - November 16, 2007
Michael J. Biondi, Banker and Deal Maker, Dies at 50
Mr. Biondi was a prominent investment banker who advised clients in some of the biggest deals in the last few years...
New York Times - November 16, 2007
Concert Company Deal
Live Nation, the world?s largest live-concert promoter, said that it had reached a deal to acquire a major manufacturer of concert T-shirts and other music merchandise...
New York Times - November 16, 2007
Kraft to Sell Its Post Cereals Line to Ralcorp
The $1.7 billion stock deal will make Ralcorp, a private-label food maker, a major player in the cereal market...
New York Times - November 16, 2007
Tadahiro Sekimoto, Electronics Executive, Dies at 80
Mr. Sekimoto presided over NEC, the Japanese electronics firm, during its rise into a top global computer maker before resigning in a military procurement scandal...
New York Times - November 16, 2007
Gap Campaigns Against Child Labor
After a damaging child-labor scandal in India, Gap made efforts to rebuild its reputation by taking measures to prevent the use of children in the making of its goods...
New York Times - November 16, 2007
J.C. Penney and Kohl?s Report Slide in Earnings
The retailers, whose middle-income customers are struggling amid a souring economy, offered a bleak outlook for the holiday quarter...
New York Times - November 16, 2007
BEA Tries to Prove Its Worth to Oracle
The software-maker BEA Systems reported increases in net income and revenue, stoking its arguments that Oracle?s takeover offer is too low...
New York Times - November 16, 2007
Barclays to Make $2.7 Billion Write-Down
Barclays announced on a lower-than-expected write-down, calming investors who had recently sold shares of the bank amid fears that it would post a loss...
New York Times - November 16, 2007
British Bank?s Debt Complicates Its Sale
Northern Rock currently owes the Bank of England about £23 billion ($47 billion), and the bill is growing as customers continue to withdraw money...
New York Times - November 16, 2007
Panel Drops Immunity From Eavesdropping Bill
By a 10 to 9 vote, the Senate Judiciary Committee approved an overhaul of the Foreign Intelligence Surveillance Act that dropped a key provision...
New York Times - November 16, 2007
What the Auditor Is Told, a Plaintiff Could Exploit
Companies are increasingly concerned that auditors could be required to turn over confidential records to outsiders, exposing corporations and executives to lawsuits...
New York Times - November 16, 2007
Johnson & Johnson Plans an Overhaul
The health care products maker Johnson & Johnson, faced with lagging sales of some products, said Thursday that it would create three units to increase prospects...
New York Times - November 16, 2007
Cerberus Offers to Redo United Rentals Deal
Cerberus Capital Management, the private equity firm, has offered to negotiate new terms with United Rentals after abandoning a $4 billion buyout this week...
New York Times - November 16, 2007
S.E.C. Says Foreign Companies Do Not Have to Adjust to U.S. Accounting
Companies outside the U.S. that use international accounting standards will no longer be required to adjust their financial statements to comply with American accounting rules...
New York Times - November 16, 2007
CBS Asks Court to Dismiss Suit Filed by Rather
CBS said that Dan Rather?s allegations were ?far-fetched? and denied that the network has ever been ?out to get Dan Rather.?...
New York Times - November 16, 2007
Price Rise at Starbucks Cuts Visits and Shares
Starbucks, the world?s largest chain of coffee shops, lowered its profit and sales forecasts after reporting its first decline in customer visits...
New York Times - November 16, 2007
House Votes to Rein in Certain Mortgage Lending Practices
The House voted to crack down on mortgage lenders by enacting federal licensing and to fine them for steering people to subprime loans when other options are available...
New York Times - November 16, 2007
Web Videos Stealing TV Viewers, and Marketers
The growing prevalence of video programming on the Internet is catching the attention of consumers ? not to mention marketers and media companies...
New York Times - November 16, 2007
Ford Scraps Plans for New Assembly Plant
Ford said that it scrapped plans to build a futuristic, ?low cost? assembly plant that it had promised to put somewhere in North America...
New York Times - November 16, 2007
Wal-Mart?s Environmental Report Card
Wal-Mart Stores released a ?comprehensive report of its sustainability efforts? on Thursday. But the document could more accurately be described as a citizenship report...
New York Times - November 16, 2007
German Rail Strike Disrupts Travel and Freight
A strike by train drivers in Germany has stranded hundreds of thousands of passengers in what has become the German state rail system?s largest work stoppage...
New York Times - November 16, 2007
In ID Theft, Some Victims See Opportunity
After a personal experience with identity theft, a Silicon Valley executive began looking for tools to protect the millions of Americans who have been touched by the crime...
New York Times - November 16, 2007
Inflation Was Tame in October
Inflation remains contained despite high oil prices and a record low dollar, a government report showed on Thursday...
New York Times - November 16, 2007
Late Shows Move to Help the Workers Not on Strike
With no end in sight to the writers strike, several hosts of late-night shows have begun taking steps to ensure that their nonwriting staffs receive some portion of their pay...
New York Times - November 16, 2007
Commercial Airlines Given Priority in Military?s Space
President Bush announced that airlines would make fuller use of military airspace to relieve congestion and cut delays in anticipation of the Thanksgiving travel period...
New York Times - November 16, 2007
Tokyo Seeking a Top Niche in Global Finance
As Japan?s focus on manufacturing wanes, planners are trying to reverse engineer another source of the United States? economic strength: Wall Street...
New York Times - November 16, 2007
Washington Scrutinizes Nursing Homes
Congressional hearings were prompted in part by concerns that quality at nursing homes was declining as large chains were acquired by private investment groups...
New York Times - November 16, 2007
Betting an Estate on Inhaled Insulin
Alfred E. Mann is betting nearly $1 billion of his own money that he can succeed where Pfizer failed...
New York Times - November 16, 2007
China Stand on Imports Upsets U.S.
A recent pattern in which China issues regulations aimed at favoring Chinese industries over foreign competitors has raised concerns among U.S. officials...
New York Times - November 16, 2007
Court Rejects Fuel Standards on Trucks
A federal appeals court said that new fuel-economy standards for light trucks, including S.U.V.?s, didn?t thoroughly assess the impact of greenhouse gases...
New York Times - November 16, 2007
Baseball star Jeter in tax battle
One of the most famous and best-paid baseball stars in the US is involved in a tax dispute which could cost him million of dollars...
BBC News - November 16, 2007
Thanksgiving dinner cost 'up 11%'
US consumers will pay 11% more for a traditional Thanksgiving meal than they did last year, a report says...
BBC News - November 16, 2007
US backs home lending rules
The US House of Representatives votes to license mortgage brokers and ban predatory lending...
BBC News - November 16, 2007
Japanese PM set for Bush summit
North Korea and a controversial naval mission are on the agenda as Japan's PM arrives in the US for talks...
BBC News - November 16, 2007
Wheels Blog: L.A. Auto Show Is Still Crazy
History was on display at the L.A. Auto Show...
New York Times - November 16, 2007
A Cowlike Dinosaur Comes Into Focus
It has been 60 years since French paleontologists first found the dinosaur?s bones in Saharan Africa. Now, question about the dinosaur?s peculiar anatomy are answered...
New York Times - November 16, 2007
Floyd Norris Blog: Unhappy Birthday, Dennis Kozlowski
An unhappy birthday present for Dennis Kozlowski...
New York Times - November 16, 2007
Patients Were Not Told of Misuse of Syringes
County and state officials traded blame Thursday over the delay in notifying the patients of a doctor who used improper procedures for preventing the spread of blood-borne diseases...
New York Times - November 16, 2007
McCain Finds Sympathy on Torture Issue
Voters are often captivated by Senator McCain?s speeches on torture, even though many don?t agree with him...
New York Times - November 16, 2007
Recovering Addicts Find Home on the Florida Coast
Delray Beach is the epicenter of the country?s largest and most vibrant recovery community...
New York Times - November 16, 2007
Little Progress for City Schools on National Test
New York City?s eighth graders have made no significant progress in reading and math since Mayor Michael R. Bloomberg took control of the city schools, scores show...
New York Times - November 16, 2007
Clinton Takes Aggressive Tack at Debate
Senator Hillary Rodham Clinton challenged her rivals? positions and warned them that they risked playing into the hands of Republicans by attacking a fellow Democrat...
New York Times - November 16, 2007
Bonds Charged With Perjury in Steroids Case
Barry Bonds was indicted on five felony charges for telling a grand jury that he never used performance enhancing drugs...
New York Times - November 16, 2007
Poor Are Lagging in Hurricane Aid From Mississippi
The state is the only one for which the Bush administration has waived the rule that 50 percent of its federal grants be spent on low-income programs...
New York Times - November 16, 2007
The Churn: People in the News
Comings and goings in the finance and legal businesses...
New York Times - November 16, 2007
Los Angeles Journal: Writers? Strike Opens New Window on Hollywood
Much of what is said and done in Hollywood is meant to give the impression of solidity. But in reality, one tug on a card can make an entire production implode...
New York Times - November 16, 2007
Concert Company Deal
Live Nation, the world?s largest live-concert promoter, said that it had reached a deal to acquire a major manufacturer of concert T-shirts and other music merchandise...
New York Times - November 16, 2007
Persistent Worries Cool Investor Activity
Stocks fell sharply on Thursday as investors grappled with concerns about consumer spending and the overall economy after downbeat comments from J.C. Penney and Wells Fargo...
New York Times - November 16, 2007
Tadahiro Sekimoto, Electronics Executive, Dies at 80
Mr. Sekimoto presided over NEC, the Japanese electronics firm, during its rise into a top global computer maker before resigning in a military procurement scandal...
New York Times - November 16, 2007
Michael J. Biondi, Banker and Deal Maker, Dies at 50
Mr. Biondi was a prominent investment banker who advised clients in some of the biggest deals in the last few years...
New York Times - November 16, 2007
Kraft to Sell Its Post Cereals Line to Ralcorp
The $1.7 billion stock deal will make Ralcorp, a private-label food maker, a major player in the cereal market...
New York Times - November 16, 2007
BEA Tries to Prove Its Worth to Oracle
The software-maker BEA Systems reported increases in net income and revenue, stoking its arguments that Oracle?s takeover offer is too low...
New York Times - November 16, 2007
J.C. Penney and Kohl?s Report Slide in Earnings
The retailers, whose middle-income customers are struggling amid a souring economy, offered a bleak outlook for the holiday quarter...
New York Times - November 16, 2007
British Bank?s Debt Complicates Its Sale
Northern Rock currently owes the Bank of England about £23 billion ($47 billion), and the bill is growing as customers continue to withdraw money...
New York Times - November 16, 2007
Barclays to Make $2.7 Billion Write-Down
Barclays announced on a lower-than-expected write-down, calming investors who had recently sold shares of the bank amid fears that it would post a loss...
New York Times - November 16, 2007
Panel Drops Immunity From Eavesdropping Bill
By a 10 to 9 vote, the Senate Judiciary Committee approved an overhaul of the Foreign Intelligence Surveillance Act that dropped a key provision...
New York Times - November 16, 2007
What the Auditor Is Told, a Plaintiff Could Exploit
Companies are increasingly concerned that auditors could be required to turn over confidential records to outsiders, exposing corporations and executives to lawsuits...
New York Times - November 16, 2007
Johnson & Johnson Plans an Overhaul
The health care products maker Johnson & Johnson, faced with lagging sales of some products, said Thursday that it would create three units to increase prospects...
New York Times - November 16, 2007
Cerberus Offers to Redo United Rentals Deal
Cerberus Capital Management, the private equity firm, has offered to negotiate new terms with United Rentals after abandoning a $4 billion buyout this week...
New York Times - November 16, 2007
S.E.C. Says Foreign Companies Do Not Have to Adjust to U.S. Accounting
Companies outside the U.S. that use international accounting standards will no longer be required to adjust their financial statements to comply with American accounting rules...
New York Times - November 16, 2007
CBS Asks Court to Dismiss Suit Filed by Rather
CBS said that Dan Rather?s allegations were ?far-fetched? and denied that the network has ever been ?out to get Dan Rather.?...
New York Times - November 16, 2007
Price Rise at Starbucks Cuts Visits and Shares
Starbucks, the world?s largest chain of coffee shops, lowered its profit and sales forecasts after reporting its first decline in customer visits...
New York Times - November 16, 2007
House Votes to Rein in Certain Mortgage Lending Practices
The House voted to crack down on mortgage lenders by enacting federal licensing and to fine them for steering people to subprime loans when other options are available...
New York Times - November 16, 2007
Advertising: Web Videos Stealing TV Viewers, and Marketers
The growing prevalence of video programming on the Internet is catching the attention of consumers ? not to mention marketers and media companies...
New York Times - November 16, 2007
Ford Scraps Plans for New Assembly Plant
Ford said that it scrapped plans to build a futuristic, ?low cost? assembly plant that it had promised to put somewhere in North America...
New York Times - November 16, 2007
V.C. Nation: In ID Theft, Some Victims See Opportunity
After a personal experience with identity theft, a Silicon Valley executive began looking for tools to protect the millions of Americans who have been touched by the crime...
New York Times - November 16, 2007
Wal-Mart?s Environmental Report Card
Wal-Mart Stores released a ?comprehensive report of its sustainability efforts? on Thursday. But the document could more accurately be described as a citizenship report...
New York Times - November 16, 2007
German Rail Strike Disrupts Travel and Freight
A strike by train drivers in Germany has stranded hundreds of thousands of passengers in what has become the German state rail system?s largest work stoppage...
New York Times - November 16, 2007
Inflation Was Tame in October
Inflation remains contained despite high oil prices and a record low dollar, a government report showed on Thursday...
New York Times - November 16, 2007
Late Shows Move to Help the Workers Not on Strike
With no end in sight to writers strike, several hosts of late-night shows have begun taking steps to ensure that their nonwriting staffs receive some portion of their pay...
New York Times - November 16, 2007
Tokyo Seeking a Top Niche in Global Finance
As Japan?s focus on manufacturing wanes, planners are trying to reverse engineer another source of the United States? economic strength: Wall Street...
New York Times - November 16, 2007
Commercial Airlines Given Priority in Military?s Space
President Bush announced that airlines would make fuller use of military airspace to relieve congestion and cut delays in anticipation of the Thanksgiving travel period...
New York Times - November 16, 2007
Washington Scrutinizes Nursing Homes
Congressional hearings were prompted in part by concerns that quality at nursing homes was declining as large chains were acquired by private investment groups...
New York Times - November 16, 2007
Betting an Estate on Inhaled Insulin
Alfred E. Mann is betting nearly $1 billion of his own money that he can succeed where Pfizer failed...
New York Times - November 16, 2007
China Stand on Imports Upsets U.S.
A recent pattern in which China issues regulations aimed at favoring Chinese industries over foreign competitors has raised concerns among U.S. officials...
New York Times - November 16, 2007
Court Rejects Fuel Standards on Trucks
A federal appeals court today said that new fuel-economy standards for light trucks, including S.U.V.?s, didn?t thoroughly assess the impact of greenhouse gases...
New York Times - November 16, 2007
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