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US News Archive for May 2007:
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Judge Lifts Seal on Police Spy Files on Convention
Civil liberties groups are still seeking the raw intelligence reports upon which the summaries were based...
New York Times - May 16, 2007
Britain?s Prince Harry Will Not Be Heading to Iraq
LONDON, May 16 ? He had been cast as the warrior prince, the royal who, like a Shakespearean namesake, would lead his troops ?unto the breach? of southern Iraq...
New York Times - May 16, 2007
Billions of Dollars Pledged to Cut Urban Energy Use
Under the plan, lenders would provide up to $1 billion each in loans to upgrade energy-hungry systems...
New York Times - May 16, 2007
Square Feet: Vornado Goes Both East and West for a Deal
In order to enter the California market, Vornado Realty Trust has engaged in a partnership ? and not an entirely harmonious one ? with Donald J. Trump...
New York Times - May 16, 2007
New Producer at ?Nightly News? Seeks to Regain NBC Dominance
Alexandra Wallace, the executive producer of ?NBC Nightly News With Brian Williams,? is trying to find a way to reverse a season-long exodus of viewers from the broadcast...
New York Times - May 16, 2007
As the Networks Order New Shows, Fox Moves to Consolidate Its Gains
Tthe Fox network has ordered a new slate of programming intended to consolidate recent overall gains and shore up the network?s weak point, the early months of the television season...
New York Times - May 16, 2007
Magazine Suspends Its Run in History
The publishers of American Heritage have decided to put the next issue on indefinite hold...
New York Times - May 16, 2007
Google Revamps Its Search System
In a new approach, citations from news reports, images and video will be combined in results of a single query...
New York Times - May 16, 2007
Economic Scene: Why Is Income Inequality in America So Pronounced? Consider Education
American lower education does not prepare enough people to receive gains from American higher education...
New York Times - May 16, 2007
Charles Gibson Enjoys a Second Wind on ABC
Mr. Gibson was scheduled to leave ABC News in June after a 32-year career. But now he presides over the most-watched of the three network newscasts...
New York Times - May 16, 2007
State of the Art: Kodak Enters Inkjet Printer Market and Holds Its Own
It?s war in the world of inkjet printers and cartridges as Kodak gets into the business...
New York Times - May 16, 2007
Computer Sales Lead H.P. to Strong Revenue
Led by surging computer sales, Hewlett-Packard reported a 12.8 percent increase today in its quarterly revenues...
New York Times - May 16, 2007
Bausch & Lomb Accepts $4.5 Billion Takeover Bid
The eye-care company received an offer from investors controlled by the private equity firm Warburg Pincus...
New York Times - May 16, 2007
Google wins adult photos appeal
A judge overturns a ruling preventing Google displaying thumbnail pictures from an adult website...
BBC News - May 16, 2007
US Senate rejects Iraq move
The US Senate rejects legislation ending funds for operations in Iraq in 2008, but presidential hopefuls back it...
BBC News - May 16, 2007
Prince Harry will not go to Iraq
Britain's Prince Harry will not be sent to Iraq because the risk to him and his regiment is too great, the country's top general said Wednesday...
CNN - May 16, 2007
Baby 'Bubba' gets a gun permit
"Bubba" Ludwig can't walk, talk or open the refrigerator door -- but he does have his very own Illinois gun permit...
CNN - May 16, 2007
Sarkozy pledges new era of change
France's new president, Nicolas Sarkozy, reached out to his political opponents in his inaugural speech, pledging to reunite the country as he was formally sworn in Wednesday in an elaborate ceremony at the Elysee Palace in Paris...
CNN - May 16, 2007
Taking Office, Sarkozy Vows to Bring Change
Nicolas Sarkozy was inaugurated as France?s 23rd president today, saying he had a mandate for change in France...
New York Times - May 16, 2007
Senate Rejects Iraq Funding Cutoff
Today?s vote was a stinging defeat for Democrats who are highly critical of President Bush?s Iraq war strategy...
New York Times - May 16, 2007
Strong Winds May Spread New Jersey Wildfire
The fire forced authorities to shut down parts of major highways and evacuate about 2,500 homes...
New York Times - May 16, 2007
Modest Gains Seen in U.S. Students? History Scores
Test scores improved, officials reported, but many high school seniors still showed poor command of basic facts...
New York Times - May 16, 2007
China Urges U.S. Not to Punish All Food Exporters
Beijing is addressing the damage done by the pet food scandal and concerns about the quality of China?s agricultural products...
New York Times - May 16, 2007
Bausch & Lomb to Be Acquired by Warburg Pincus
The deal values the eye-care company at $4.5 billion...
New York Times - May 16, 2007
Amazon to Sell Music Without Copy Protection
The online store, which will be introduced later this year, will allow customers to play music on virtually any personal device...
New York Times - May 16, 2007
Sony Expects Recovery After Big Quarterly Loss
Sony hopes strong TV sales and films like ?Spider Man 3? will help its earnings by the end of the year...
New York Times - May 16, 2007
New job for Alan Greenspan
Alan Greenspan, 81-year-old former chairman of the US Federal Reserve, signs up giant bond fund Pimco as a client...
BBC News - May 16, 2007
US home construction accelerates
US house building picked up pace in April, figures show, though there are fears that it will slow later in the year...
BBC News - May 16, 2007
Ivy League Admissions Crunch Brings New Cachet to Next Tier
Second-tier colleges are becoming more selective because of the heated competition at the top...
New York Times - May 16, 2007
Lampert Fund Takes Stake in Citigroup
The hedge fund acquired a 15.24 million-share stake in Citigroup, raising speculation that the fund might push for changes...
New York Times - May 16, 2007
Microsoft's Vista sales power up
Microsoft, the world's largest software firm, has sold 40 million copies of its new Vista system, Bill Gates says...
BBC News - May 16, 2007
Colombia 'militia link' alleged
A Colombian ex-paramilitary leader claims current members of the government conspired with his group...
BBC News - May 16, 2007
LA church sale to fund sex claims
The Catholic archbishop of Los Angeles plans to sell the archdiocese's main office to settle sexual abuse claims...
BBC News - May 16, 2007
Gunmen raid Fatah official's home
The Islamic militant group Hamas urges Palestinians to ratchet up attacks against Israel after nine Palestinians were killed in a surge of fighting over the weekend...
CNN - May 16, 2007
Giuliani to Paul: 'Take back' 9/11 comments
In Tuesday night's GOP presidential debate, former New York Mayor Rudy Giuliani demanded that fellow candidate Rep. Ron Paul retract a comment that the U.S. military presence in the Middle East lead to the September 11, 2001, attacks...
CNN - May 16, 2007
Rothko Breaks a Record for Contemporary Art as the Market Continues to Boom
A mysterious bearded collector paid $72.8 million for Mark Rothko?s ?White Center (Yellow, Pink and Lavender on Rose)? at Sotheby?s on Tuesday...
New York Times - May 16, 2007
Among the Rich, a New Dispute Over Air Rights
Bono, the lead singer of U2 and a globetrotting activist for social causes, has become involved in a Manhattan co-op dispute...
New York Times - May 16, 2007
Bush Picks General to Coordinate War Policy
A top operations officer for the Joint Chiefs of Staff has been asked to carry out Iraq and Afghanistan policy...
New York Times - May 16, 2007
Ivy League Crunch Brings New Cachet to Next Tier
Second-tier colleges have seen their cachet climb because of the heated competition at the top...
New York Times - May 16, 2007
Terror Attack Scenario Exposes Deep Differences Among G.O.P. Hopefuls
The debate showed the three leading G.O.P. candidates maneuvering to emphasize their credentials on national security...
New York Times - May 16, 2007
Bush Pick Gets Extra Payment From Old Job
A lobbyist for manufacturers chosen to enforce consumer laws called his severance an ?extraordinary payment.?...
New York Times - May 16, 2007
Jerry Falwell, Moral Majority Founder, Dies at 73
The preacher helped bring the language and passions of religious conservatives into American politics...
New York Times - May 16, 2007
President Intervened in Dispute Over Eavesdropping
President Bush stepped in after top officials threatened to resign over the N.S.A.?s domestic spying program, according to testimony...
New York Times - May 16, 2007
World Business Briefing: France: Vivendi Profit Increases 32
Vivendi said its first-quarter profit rose 32 percent, spurred by demand for its World of Warcraft video game and subscriber growth at the pay-television unit. Net income rose to 932 million euros ($1.27 billion) from 707 million euros ($957.5 million) a year earlier, Vivendi said. First-quarter sales rose 5.3 percent, to 5.02 billion euros ($6.8 billion) from 4.77 billion euros ($6.47 billion) a year earlier. Profit at Vivendi Games surged to 107 million euros ($145 million) from 23 million euros ($31.1 million) a year earlier. The unit sold almost 2.4 million copies of the expansion pack to World of Warcraft the first day it went on sale in January. Profit at the pay-television unit Canal Plus jumped fivefold, to 164 million euros ($222.1 million). Profit at the mobile phone unit SFR, Vivendi?s largest business, slipped 3.5 percent, to 643 million euros ($871 million). Profit was down at the Universal Music Group, hurt by falling CD sales...
New York Times - May 16, 2007
Robert S. Oelman, 97, Chief Who Led NCR to Automation, Dies
Robert S. Oelman was chief executive of the NCR Corporation for 17 years and moved in the circles of leaders of business, politics and golf...
New York Times - May 16, 2007
World Business Briefing: U.S. Imposes Duties on Polyester Fiber
A trade panel in Washington gave final approval to antidumping duties ranging up to 44.30 percent on imports of polyester fiber from China used to make ski jackets, pillows and sleeping bags. The panel, the International Trade Commission, voted 6-to-0 that low-priced imports of the fiber from China had materially injured American producers. The vote clears the way for the Commerce Department to issue a final antidumping order this month. China exported nearly $111 million worth of the fiber to the United States in 2006, up from about $30 million in 2004...
New York Times - May 16, 2007
World Business Briefing: Canada: Lionore Board Backs a New Bid
The Swiss mining company Xstrata increased its offer for LionOre Mining International of Canada to 6.2 billion Canadian dollars ($5.6 billion), trumping a bid from Norilsk Nickel of Russia. Xstrata?s bid, worth 25 Canadian dollars ($22.54) a share, is 16 percent more than the 21.50 Canadian dollars ($19.38) offered on May 3 by Norilsk, the world?s largest nickel miner. A statement on LionOre?s Web site said it?s board recommended shareholders accept the offer by Xstrata, which is based in Zug, Switzerland. Norilsk, based in Moscow, would not say whether it planned to raise its offer...
New York Times - May 16, 2007
World Business Briefing: Canada: Iamgold?s Profit Falls as Costs Rise
The Iamgold Corporation, a Canadian gold producer, said first-quarter net income fell 43 percent on losses from derivatives and higher mining costs. Profit declined to $11.3 million from $19.9 million a year ago, Iamgold said. Profit per share fell to 4 cents, from 13 cents, as Iamgold issued shares to pay for its acquisition last November of its rival Cambior for $1.1 billion. Sales more than tripled, to $146.4 million. Iamgold?s cash cost of producing an ounce of gold rose 54 percent, to $416, from a year ago on higher labor and fuel costs...
New York Times - May 16, 2007
Hedge Fund Proposal
Hedge fund advisers would be required to register with the S.E.C. under a new bill intended to oversee the fast-growing industry...
New York Times - May 16, 2007
Oracle Buys Agile Software
The business software maker made yet another acquisition with a $495 million deal to buy Agile Software...
New York Times - May 16, 2007
World Business Briefing: Germany: Concrete Maker Buys a Supplier
HeidelbergCement, a German concrete maker, has agreed to buy Hanson, a British supplier of building materials, for £7.85 billion ($16 billion). HeidelbergCement will pay £11 ($21.80) a share for Hanson, a premium of 29 percent over Hanson?s share price on May 2 when HeidelbergCement first said it might bid. With the purchase, HeidelbergCement will increase its revenue by two-thirds, expanding in the United States and bolstering output of aggregates, pipes and bricks. ?The companies are a perfect fit and overlaps are minimal,? HeidelbergCement?s chief executive, Bernd Scheifele, above, said in a conference call with analysts. ?Hanson strengthens our operations in the U.S., U.K. and Europe and adds a business in Australia.? Hanson has 26,000 workers in 14 nations and derives half its sales from North America...
New York Times - May 16, 2007
Suit Contending Bribery in China Is Settled
A Taiwanese firm had accused Fidelity National Information Services of breaching a contract and bribing officials...
New York Times - May 16, 2007
Tainted-Feed Pigs Cleared
Roughly 56,000 pigs that were fed contaminated pet food scraps are safe to be eaten, the Agriculture Department said...
New York Times - May 16, 2007
Visa Names Chief Ahead of I.P.O.
Visa named Joseph W. Saunders as chairman and chief executive to oversee a planned initial public offering...
New York Times - May 16, 2007
Stocks & Bonds: Dow Inches Up to a Record as Broader Measures Sag
A snapshot of the housing market unsettled investors, but the Dow Jones industrial average eked out a record close...
New York Times - May 16, 2007
Ban on Sale of an ABN Amro Unit Is Appealed
The Bank of America filed an appeal with the Dutch Supreme Court over a ruling that froze the company?s $21 billion purchase of LaSalle Bank from ABN Amro...
New York Times - May 16, 2007
Two Nominated for Fed
President Bush plans to nominate a central bank governor and two financial service company executives to the Federal Reserve Board...
New York Times - May 16, 2007
Yahoo Hires a Banker as Financial Chief
The Internet company?s hiring of Blake Jorgensen indicates that Yahoo is interested in expanding through acquisitions...
New York Times - May 16, 2007
Limited to Sell Interest in a Unit and Explore the Sale of Another
The retailer will sell a 67 percent interest its Express chain to affiliates of Golden Gate Capital for $548 million...
New York Times - May 16, 2007
Judge Scolds Central Witness in Conrad Black?s Fraud Trial
Defense lawyers in Conrad M. Black?s criminal fraud trial continued to peck away at the credibility of the government?s star witness...
New York Times - May 16, 2007
[TS] About New York: Unkind Cut for Janitors at Hilfiger
The Tommy Hilfiger company, which was bought for what was reported to be $1.6 billion last year, recently laid off nine cleaning workers who made about $19 an hour...
New York Times - May 16, 2007
Dim Outlook at Wal-Mart and Home Depot
Wal-Mart Stores and Home Depot posted quarterly results that presented a troubled outlook for retailers...
New York Times - May 16, 2007
Reuters Trustees Say Sale Won?t Hurt Journalism
Some Reuters employees fear that the merger with Thomson could undermine the quality of the company?s journalism...
New York Times - May 16, 2007
Square Feet: Art Dealers Scramble for Space in Chelsea
The art market is red-hot and many prominent New York dealers are in desperate need of more gallery space...
New York Times - May 16, 2007
Nonprofits Face Threat to a Tax Loophole
Congress is looking at hedge-fund fund income that is sheltered offshore...
New York Times - May 16, 2007
MySpace Gives Details of Its Plan to Reveal Known Sex Offenders
The online social network will work with state attorneys general who have requested the identities of members who are known sex offenders...
New York Times - May 16, 2007
Microsoft to Release New Version of Halo Video Game on Sept. 25
The company is hoping that Halo 3 will increase the Xbox 360?s momentum in the gaming market...
New York Times - May 16, 2007
Nigerian Oil Production Falls After a Pipeline Hub Is Overrun
Young protesters overran an oil pipeline hub in the volatile Niger Delta, cutting Nigeria?s oil production by about 30 percent...
New York Times - May 16, 2007
Greenspan Finds a Client in Bond Management Firm
Alan Greenspan, the former Federal Reserve chairman, has signed a consulting deal with Pimco, the giant bond management firm...
New York Times - May 16, 2007
Square Feet: Vornado Goes Both East and West for a Deal
In order to enter the California market, Vornado Realty Trust has engaged in a partnership - and not an entirely harmonious one - with Donald J. Trump...
New York Times - May 16, 2007
Inflation and Wages Show Slower Growth
Businesses kept a lid on prices last month and wage gains were scant, signs consistent with an economy in the midst of a slowdown...
New York Times - May 16, 2007
Advertising: Gauging Viewer Tastes: A New Dose of Escapism
ABC is replacing darker, complicated series that viewers and advertisers disdained with more upbeat, accessible fare...
New York Times - May 16, 2007
Shares of Anemia Drug Makers Slide as Medicare Threatens to Cut Reimbursement
Medicare proposed to sharply curtail reimbursement for Amgen?s biggest selling product, the anemia drug Aranesp...
New York Times - May 16, 2007
Now Departing: Airline Careers
Many of the airline industry?s longtime workers have begun to look elsewhere to revive their interest in going to work...
New York Times - May 16, 2007
Economix: Sometimes, What?s Needed Is a Nudge
In areas like health care and education, innovative people are starting to devise policies based on the economics of nudging...
New York Times - May 16, 2007
Auto Union Leader Finds Comfort Level
Ron Gettelfinger is striking a fine balance between the needs of automakers and his union, the United Automobile Workers...
New York Times - May 16, 2007
Thomson Adds Reuters in $17 Billion Bid to Be Giant
The new company will compete with Bloomberg in selling data services, analytical and trading tools to Wall Street...
New York Times - May 16, 2007
Proxy Fights More Muted, for Most Part
Fireworks have so far been rare at shareholder meetings this year. But today?s meeting of shareholders of AMR, may be an exception...
New York Times - May 16, 2007
Tyco to Pay $3 Billion to Settle Investor Lawsuits
The settlement, described as the largest payment in such a suit, seeks to put to rest a famous corporate excess case...
New York Times - May 16, 2007
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