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US News Archive for July 2007:
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Deal Accepted in Los Angeles Abuse Cases
The settlement is the largest yet in any Catholic diocese ? amounting to about $1.3 million per person involved...
New York Times - July 16, 2007
Lear Shareholders Reject $2.9 Billion Icahn Deal
Icahn?s American Real Estate Partners had improved its offer in the past week to $37.25 a share, but some shareholders said Lear was worth far more...
New York Times - July 16, 2007
Dow Hits Record on Possible Verizon Deal
NEW YORK (AP) -- Blue chip stocks rose Monday as news of a potential big telecom deal involving Verizon pushed the Dow Jones industrials to a new record close, and put the index closer to 14,000. Overall, stocks traded were mixed as investors digested the market's huge gains of last week...
New York Times - July 16, 2007
UBS to Pay $23.3 Million in New York Settlement
UBS agreed to the payments to resolve accusations it steered inappropriate customers into fee-based accounts, the state Attorney General?s office said...
New York Times - July 16, 2007
Internet Phone Company Halts Operations
SunRocket, an Internet telephone company, has ceased operations, according to a person briefed on its status...
New York Times - July 16, 2007
Houghton Mifflin to Buy Harcourt Units
Houghton Mifflin agreed to buy the Harcourt education and trade publishing units from the publisher Reed Elsevier for $4 billion in cash and stock...
New York Times - July 16, 2007
Charges Dropped Against 13 in KPMG Tax-Shelter Case
A federal judge?s sharply worded ruling blaming prosecutors was the latest twist in what the government has billed as its showpiece tax shelter case...
New York Times - July 16, 2007
US Senate locked in Iraq battle
The US Senate resumes debate on the Iraq war, as it considers legislation that could lead to a troop withdrawal...
BBC News - July 16, 2007
Man shot in US governor's office
An armed man is shot dead at the offices of Colorado Governor Bill Ritter, officials say...
BBC News - July 16, 2007
Venezuela TV makes comeback
Venezuela's opposition-aligned RCTV has started cable broadcasts after losing its terrestrial licence...
BBC News - July 16, 2007
University Chief Fired Over Handling of Crime
The president of Eastern Michigan University was dismissed last night, following a scandal involving the university?s handling of the rape and murder of a student...
New York Times - July 16, 2007
250 Palestinian Prisoners to Be Freed
JERUSALEM (AP) -- Israel will free 250 Palestinian prisoners later this week -- nearly all of them from the Fatah faction of Palestinian President Mahmoud Abbas, a spokesman for the Israeli prime minister said Monday...
New York Times - July 16, 2007
Using the Sun?s Heat, Not Light
Scientists have struggled for years to make electricity from the sun?s light, at a cost competitive with other power sources. Now they are close, using the sun?s heat instead...
New York Times - July 16, 2007
Storing Sunshine
Technologies used to store solar energy are emerging, though none are in common use and all have disadvantages...
New York Times - July 16, 2007
Stocks Trade Mostly Flat While Dow Rises
NEW YORK (AP) -- Blue chips stocks jumped Monday as news of a potential big telecom deal involving Verizon gave a boost to the Dow and put the index closer to 14,000. Broadly, stocks traded largely flat as investors digested the market's huge gains of last week...
New York Times - July 16, 2007
The Energy Challenge: Solar Power Wins Enthusiasts but Not Money
Experts say that moving solar energy from niche to mainstream is unlikely without big breakthroughs...
New York Times - July 16, 2007
Mattel Second-Quarter Profit Rises
The toy maker reported a 15 percent increase in its second-quarter profit on global sales of Barbie dolls and Hot Wheels toy cars that offset U.S. declines...
New York Times - July 16, 2007
Blackstone Unit to Buy DJO
The knee and ankle brace maker said it agreed to be bought by the medical device maker ReAble Therapeutics for about $1.6 billion including debt...
New York Times - July 16, 2007
EADS Taps Airbus Chief as New President
The parent of Airbus is abandoning its twin-chief executive structure, with Louis Gallois taking the company?s reins, Tom Enders, co-chief of EADS, said...
New York Times - July 16, 2007
IHOP Plans to Buy Applebee?s for $2.1 Billion
The all-cash offer for the struggling bar-and-grill chain represents a 4.6 percent premium to Applebee?s closing price on Friday, the companies said...
New York Times - July 16, 2007
Group Raises Cash Bid for ABN Amro
A consortium of banks led by the Royal Bank of Scotland increased the cash portion of its bid for ABN Amro to 93 percent from 79 percent...
New York Times - July 16, 2007
Obstacles Abound for Auto Builders in India
Indian automakers are plagued by a shortage of skilled workers, inferior product quality and deficient highway infrastructure, among other challenges, according to a new study...
New York Times - July 16, 2007
Charges Dropped in KPMG Tax Case
The dismissal of charges against 13 defendants from the accounting firm is a defeat for prosecutors in a long-running case...
New York Times - July 16, 2007
New Populism Is Spurring Democrats on the Economy
The more populist tone is one indication of a broader debate among Democrats over how much they should break with the centrism of the Clinton years...
New York Times - July 16, 2007
Group Raises Cash Bid for ABN Amro
The consortium led by Royal Bank of Scotland raised the cash component of its offer to 93 percent from 79 percent...
New York Times - July 16, 2007
Casinos Boom in Katrina?s Wake as Cash Pours In
Business in the gambling halls of Biloxi, Miss., has reached an all-time high in recent months, and a similar story has been unfolding in New Orleans...
New York Times - July 16, 2007
Galaxy rule out Premier club bid
Los Angeles Galaxy's owners say they will not invest in a Premier League club because of the lack of a salary cap...
BBC News - July 16, 2007
Football: Heinze keen exit Man U
Man Utd boss Sir Alex Ferguson reveals defender Gabriel Heinze wants to leave Old Trafford...
BBC News - July 16, 2007
Blast outside UK embassy in Chile
A small explosion takes place outside the British and Israeli embassies in Chile, but there are no reports of casualties...
BBC News - July 16, 2007
Security alert at Miami airport
Miami's main airport terminal is evacuated after authorities found what "a possible explosive device"...
BBC News - July 16, 2007
The Detailed Life of DiMaggio, Minus Juicy Details
Steiner Sports is expected to announce on Monday that they will auction off nearly 2,500 pages of personal journal entries of Joe DiMaggio...
New York Times - July 16, 2007
After Abuse Settlement, an Apology to Victims
A day after agreeing to a record settlement with 508 victims of sexual abuse by members of the clergy in the Archdiocese of Los Angeles, Cardinal Roger Mahony apologized...
New York Times - July 16, 2007
New Populism Spurs Democrats on the Economy
The more populist tone is one indication of a broader debate among Democrats over economic policy and how much they should break with the centrism of the Clinton years...
New York Times - July 16, 2007
Drilling Down: How a Discount Sets Up Price Expectations
Discounts can permanently condition consumers to expect the product for less, hurting sales when it bounces back to full price...
New York Times - July 16, 2007
Looking Ahead
COMPANY REPORTS Earnings season gets into full swing, particularly for technology, financial and drug companies. Reports will come from Charles Schwab and Mattel (Monday); Coca-Cola, I.B.M., Intel, Johnson & Johnson, Merrill Lynch, Novartis, Wells Fargo and Yahoo (Tuesday); Abbott Laboratories, Altria, AMR, Delta Air Lines, eBay, JPMorgan Chase, Pfizer, Southwest Airlines and United Technologies (Wednesday); Advanced Micro Devices, Bank of America, Bank of New York Mellon, Continental Airlines, Dow Jones, First Data, Google, Honeywell, Microsoft, Motorola and Wyeth (Thursday); and Boston Scientific, Caterpillar and Citigroup (Friday)...
New York Times - July 16, 2007
Hurled Into Dirty River, Logo Floats Gently Away
?Missing: Esquire Logo,? begins a cryptic item posted to Esquire.com on July 12. ?Several days ago, in a burst of enthusiasm during a photo shoot, Benicio del Toro tossed our logo into the Los Angeles River in downtown L.A. It was last seen floating toward the Pacific Ocean at about 8 knots. Sentimental value. Possible reward.?...
New York Times - July 16, 2007
Treasury Auctions Set for This Week
The Treasury?s schedule of financing this week included today?s regular weekly auction of new three- and six-month bills and an auction of four-week bills tomorrow...
New York Times - July 16, 2007
Using the Sun?s Heat, Not Light
Scientists have struggled for years to make electricity from the sun?s light, at a cost competitive with other power sources. Now they are close, using the sun?s heat instead...
New York Times - July 16, 2007
Storing Sunshine
Technologies used to store solar energy are emerging, though none are in common use and all have disadvantages...
New York Times - July 16, 2007
Court TV Tilts to Tabloid Side in Ratings Quest
Reflecting a new emphasis on reality shows, the Court TV cable network is taking on a new name as of Jan. 1: truTV...
New York Times - July 16, 2007
For Sheryl Crow, a Broad Menu of Product Endorsements
Between her touring schedule and the newborn son she adopted, musician Sheryl Crow still manages to fit in a good deal of reading, if her product endorsements are to be believed...
New York Times - July 16, 2007
A PC That Uses Less Energy, but Charges a Monthly Fee
Subscription-based personal computers are not a new idea ? and never popular ? but Grégoire Gentil and Alain Rossmann have devised a green twist...
New York Times - July 16, 2007
Fishnets and All, Bratz Image Gets a Hollywood Polish
Negative public perception has prevented Bratz, the overtly sexy dolls, from blossoming into a full-scale entertainment phenomenon. But that may change...
New York Times - July 16, 2007
A Price for Steamy Photos, Not for Publication
OK! Magazine may have guaranteed its access to a celebrity couple by purchasing, but not publishing, photos of them in a sex act...
New York Times - July 16, 2007
Young Adults Are Giving Newspapers Scant Notice
Most teenagers and adults 30 and younger are not following the news closely at all, according to a recent report...
New York Times - July 16, 2007
German Ad World Declares the End of a Catchy Slogan
The German electronics retailer, Saturn, is winding down an advertising campaign that introduced the slogan ?Stinginess is cool!?...
New York Times - July 16, 2007
The Washington Post to Trade in Hyperlocal News on the Web
The Washington Post is introducing a Web site with news and other information for a rarefied group: people in Loudoun County, Va...
New York Times - July 16, 2007
For News Buffs, World Events on Instant DVDs
ABC Television, Amazon.com and a subsidiary, CustomFlix Labs, a DVD manufacturer, are going to make shows from the archives of ABC News available on demand...
New York Times - July 16, 2007
E-Commerce Report: Reaching More Customers With a Simple Text Message
When it comes to advertising on the mobile Web, online retailers are treading carefully. But some say they have found enticing success from early marketing efforts...
New York Times - July 16, 2007
Black?s Wife, an Image of Loyalty and Maybe Liability
Barbara Amiel, the wife of the former newspaper magnate Conrad M. Black, has been a notable presence both in the courtroom and during testimony in his trial...
New York Times - July 16, 2007
A Sony Web Site to Offer Videos by Aspiring Filmmakers
Sony is trying to edge into Internet videos with a Web site called Crackle that will feature short segments by aspiring filmmakers...
New York Times - July 16, 2007
Last-Minute Deal Is Said to Seek Simpler Structure at EADS
French government negotiators were in talks late Sunday with the two main private shareholders of EADS seeking to complete a deal on simplifying the company?s management structure...
New York Times - July 16, 2007
The Media Equation: High Wattage at Sun Valley, but No Deals
At Allen & Company?s rarefied annual summit for media moguls, the titans arrived, the guest list shimmered, but the deals didn?t happen...
New York Times - July 16, 2007
Advertising: With Condoms in Particular, Local Stations Can Say No
Controversy over a new advertising campaign by Trojan, the condom maker, has trickled down to the local level...
New York Times - July 16, 2007
The Hand That Controls the Sock Puppet Could Get Slapped
A handful of prominent individuals have been caught creating fake online identities to praise, defend or create the illusion of support for themselves or their companies...
New York Times - July 16, 2007
A Professor Begets ...Penguins
Last year, John P. Kotter rewrote his 1996 book about organizational change, recasting it as a fable about penguins. Since then it has sold some 224,000 copies...
New York Times - July 16, 2007
Ford Is Said to Be Open to Volvo Sale
The decision to talk to interested buyers comes as Ford also is trying to sell its two other European luxury brands, Jaguar and Land Rover...
New York Times - July 16, 2007
Chief of Universal Finds Success at the Back of the Pack
Though profitable for the last nine years, Universal has been noticeably short on blockbusters to call its own. And that is largely by design...
New York Times - July 16, 2007
Casinos Booming in Katrina?s Wake
Business in the gambling halls of Biloxi, Miss., has reached all-time highs in recent months, and a similar story has been unfolding in New Orleans...
New York Times - July 16, 2007
Solar Power Captures Imagination, Not Money
Some experts say that moving solar energy from niche to mainstream is unlikely without big breakthroughs...
New York Times - July 16, 2007
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