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US News Archive for July 2007:
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Planning for Epidemics Still Challenges U.S.
The federal government still has limited capacity to detect a disease outbreak and track its progress across the country...
New York Times - July 17, 2007
Chief of Veterans Affairs Resigns
R. James Nicholson?s term was marked by the theft of a laptop computer that compromised the personal information of tens of millions of people...
New York Times - July 17, 2007
Tour Rookie Tops Mountain Stage
Juan Mauricio Soler Hernandez, a 24-year-old Colombian, became the second Tour de France rookie to win a stage in three days of racing, winning the difficult mountain route by 38 seconds...
New York Times - July 17, 2007
New Potter Book May Have Made Its Way to Web
What appear to be pages from the eagerly awaited final installment in the series have been circulating online...
New York Times - July 17, 2007
Libya Lifts H.I.V. Case Death Sentence
The death sentence of five Bulgarian nurses and a Palestinian doctor accused of infecting hundreds of Libyan children with HIV has been commuted to life in prison, a top Libyan official said Tuesday...
New York Times - July 17, 2007
U.S. Bancorp Profit Declines Slightly
U.S. Bancorp said its second-quarter profit declined 3.7 percent after a strong gain a year ago...
New York Times - July 17, 2007
Microsoft Game Chief Moves to Electronic Arts
After overseeing the rising fortunes of the Xbox 360 game console, Peter Moore will run the sports division of the leading game publisher...
New York Times - July 17, 2007
Federal Reserve and States to Step Up Scrutiny of Lenders
A pilot program by the Federal Reserve and state banking regulators will examine firms that account for the majority of subprime loans...
New York Times - July 17, 2007
New Effort Seeks to Salvage Trade Talks
The World Trade Organization called on the United States and Europe to lower their farm barriers in return for greater access to India, Brazil and other parts of the developing world for exports...
New York Times - July 17, 2007
Yahoo Profits Steady; Revenue Up 8%
Yahoo said its net income for the second quarter was $161 million, or 11 cents a share, almost unchanged from the same period a year ago, as revenues rose to $1.7 billion...
New York Times - July 17, 2007
Dow Falls Short of 14,000 at Close
The Dow Jones industrial average climbed above 14,000 for the first time today before giving up much of its gains late in the trading session...
New York Times - July 17, 2007
Intel Earnings Exceed Expectations
The chip maker, a closely watched indicator of the overall health of the technology industry, reported net income of $1.3 billion, on revenue of $8.7 billion in the second quarter...
New York Times - July 17, 2007
NYC congestion charge is blocked
New York City Mayor Michael Bloomberg all but concedes defeat on his plan to introduce a congestion charge...
BBC News - July 17, 2007
Doping Inspectors Test Tour Leader and His Team
Tour de France leader Michael Rasmussen, his team and two other cycling teams were subject to a surprise blood test Tuesday before the 9th stage of the race...
New York Times - July 17, 2007
Chief of Veterans Affairs Resigns
During Jim Nicholson?s watch, the VA was embarrassed by revelations of poor care at Walter Reed medical center...
New York Times - July 17, 2007
Bloomberg Lashes Out at Lawmakers on Congestion Plan
New York Mayor Michael R. Bloomberg accused Albany lawmakers of failing to take action against climate change and air pollution...
New York Times - July 17, 2007
Weak J&J Forecast Sours Strong Quarterly Results
NEW YORK (Reuters) - Johnson & Johnson on Tuesday stuck with its 2007 earnings forecast despite surprisingly strong second-quarter results, sending shares down more than 1.7 percent...
New York Times - July 17, 2007
Wells Fargo 2nd-Quarter Earnings Rise 9 Percent
NEW YORK (Reuters) - Wells Fargo & Co. , the fifth-largest U.S. bank, said on Tuesday second-quarter profit rose 9 percent, as growth in several fee categories offset a decline in mortgage banking income...
New York Times - July 17, 2007
Novartis Cuts Outlook, Faces U.S. Tasigna Delay
ZURICH (Reuters) - Novartis AG cut its full-year results outlook as generic competition pressured sales of a key blood-pressure drug, and said U.S. regulators had delayed the approval process for an important cancer treatment...
New York Times - July 17, 2007
Sallie Mae 2Q Earns Up 33 Percent
SLM Corp., the nation?s largest student lender, said Tuesday that second quarter earnings rose 33 percent on an increase in derivative and hedging activity...
New York Times - July 17, 2007
The Energy Challenge: In the Desert, Harnessing the Power of the Sun by Capturing Heat Instead of Light
Scientists have struggled for years to make electricity from the sun?s light at a cost competitive with power from coal or natural gas. The challenges are formidable...
New York Times - July 17, 2007
Chemical Maker to Buy Houston Company
Basell, owned by Access Industries, said it would buy Lyondell Chemical for about $12.14 billion, expanding its commodity assets and refining capacity...
New York Times - July 17, 2007
Merrill Lynch Profit Jumps 30 Percent
The nation?s largest retail brokerage said stronger investment banking results and fees from stock transactions helped boost profit to $2.07 billion...
New York Times - July 17, 2007
Coca-Cola Reports Earnings Up 1 Percent
The Atlanta-based company said it earned $1.85 billion, or 80 cents a share, in the second quarter on a solid 19 percent gain in sales...
New York Times - July 17, 2007
U.S. Overall Producer Prices Fall in June
The producer price index declined by 0.2 percent last month after shooting up by 0.9 percent in May, the Labor Department said, citing cheaper energy...
New York Times - July 17, 2007
Dow Crosses 14,000, Then Recedes
The Dow Jones Industrials continued their climb, crossing 14,000 at one point, rising on a relatively mild inflation report and better-than-expected profit reports from blue chip names...
New York Times - July 17, 2007
US inflation slips back in June
US wholesale prices rise slower in June as a result of falling food and energy prices, official figures show...
BBC News - July 17, 2007
Big rise in Merrill Lynch profits
Merrill Lynch announces better than expected results as investment banking offsets sub-prime mortgage problems...
BBC News - July 17, 2007
Violence flares in Mexican state
Police and protesters clash in the Mexican state of Oaxaca in the worst violence there since unrest in 2006...
BBC News - July 17, 2007
Japan Quake Overturned Drums of Nuclear Waste
Officials said a series of stacked drums containing low-level nuclear waste fell over during Monday?s earthquake and some of the lids were found open, Kyodo News agency reported...
New York Times - July 17, 2007
Russia to Respond to British Expulsions
Russia said it would deliver a response today to Britain?s decision to expel four of its diplomats, amid signs that it will not allow the diplomatic row to affect booming economic ties...
New York Times - July 17, 2007
Indianapolis to host MotoGP race
Indianapolis will host a round of the MotoGP world championship in 2008...
BBC News - July 17, 2007
US convict gets stay of execution
A US death row inmate wins a reprieve just before his scheduled execution amid reports witnesses changed their story...
BBC News - July 17, 2007
Canada settles disputes with Cree
Canada's government announces a major settlement with the Cree native people in the province of Quebec...
BBC News - July 17, 2007
Poland firm on US missile defence
The Polish president says a new US missile defence system will be based in Poland, despite Russian objections...
BBC News - July 17, 2007
Facial paralysis treatment hailed
A new technique is helping re-animate the faces of patients with severe long-term facial paralysis, doctors say...
BBC News - July 17, 2007
Payout Is Bittersweet for Victims of Abuse
Outside the courthouse where a judge approved a $660 million settlement on Monday, sexual abuse victims shared feelings of betrayal...
New York Times - July 17, 2007
The Voice of Harry Potter Can Keep a Secret
Jim Dale, who has already recorded an audio version of ?Harry Potter and the Deathly Hallows,? really believes that readers should discover the end for themselves...
New York Times - July 17, 2007
Obama?s Camp Cultivates Crop in Small Donors
Senator Barack Obama?s campaign has employed novel tactics, like counting sales of $4.50 key chains as contributions, to pump up numbers and cultivate support...
New York Times - July 17, 2007
Albany Rebuffs City Traffic Plan
Lawmakers have shelved Mayor Michael R. Bloomberg?s plan to charge motorists in some parts of Manhattan...
New York Times - July 17, 2007
McDonald?s to Report a Rare Loss
The company said it expects to post its second quarterly loss in more than 50 years because of a hefty one-time charge...
New York Times - July 17, 2007
Lear Holders Reject Icahn?s Buyout Bid
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 17, 2007
Orthopedics Maker Buys DJO to Expand
ReAble Therapeutics, the orthopedic-device maker controlled by the private equity company Blackstone Group, agreed to purchase DJO for $1.6 billion...
New York Times - July 17, 2007
Citigroup Agrees to Settlement in New Jersey
Citigroup agreed to pay $978,000 to settle an investigation into accusations that it failed to supervise brokers whose trading strategies cost clients more than $3 million...
New York Times - July 17, 2007
Mattel Profit Up as Sales Abroad Offset U.S. Drop
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 17, 2007
UBS and New York Reach a Settlement On Brokerage Fees
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 17, 2007
IHOP to Buy Applebee?s and Emphasize Franchising
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 17, 2007
G.M. Buys Stake in Maker of Diesel Engines
General Motors said it was buying 50 percent of the Italian diesel engine maker VM Motori from Penske Corporation...
New York Times - July 17, 2007
Alliance Bancorp, a Mortgage Lender, Files for Liquidation
The company listed assets and debts of more than $100 million each in its bankruptcy petition, which was filed Friday in Delaware...
New York Times - July 17, 2007
Stocks & Bonds: Talk of Verizon Deal Gives the Dow a Lift
Broader market indexes showed slight declines, but the notion of a Verizon deal appeared to inject Wall Street with fresh optimism...
New York Times - July 17, 2007
Frequent Flier: Clothes Shopping in Port au Prince, Unexpectedly
With a soapy hand, I fumbled around for my cellphone in the dark, pushing a random key so the display screen would light the concrete walls of the tiny bathroom in Cherident, Haiti...
New York Times - July 17, 2007
Memo Pad
BACK TO BACK Domestic airlines are expected to post an aggregate profit of about $4 billion this year, which would make 2006-7 the first back-to-back years of profitability since 1999-2000, the Air Transport Association said in a recent outlook for 2007. Debt levels remain high, however, ?leaving the airlines vulnerable to fuel spikes, recession or exogenous shocks? like terrorist attacks and natural disasters, said John Heimlich, the trade group?s chief economist. True financial health for the industry, including the ability to add new-model aircraft to fleets, will require ?many years of profitability,? Mr. Heimlich said...
New York Times - July 17, 2007
How to Get Sick Overseas (if You Must)
When it comes to business travel, you can never be too careful or prepared...
New York Times - July 17, 2007
Warhol Foundation Accused of Dominating the Market
A filmmaker contends that the Andy Warhol Foundation for the Visual Arts has waged a 20-year conspiracy to bend the art world to its will...
New York Times - July 17, 2007
On The Road: Lauding Cool-Headed Travelers Amid the Maddening Delays
It?s not a happy summer in the skies, to put it mildly. Still, passengers have been remarkably composed...
New York Times - July 17, 2007
Tobacco Bill Includes Compromise and Criticism
Health advocates predict that this may be the year tobacco regulation is made law, but many reject some of the bill?s provisions...
New York Times - July 17, 2007
Ad Downturn Threatening the Survival of Business 2.0
Business 2.0, a seven-year-old Time Inc. publication that covers start-ups, technology trends and changes in the new economy, might publish its final issue in September...
New York Times - July 17, 2007
Ford Celebrates Its Growth and Success in Russia
Ford?s fortunes may be less than glittering elsewhere, but in Russia ? Europe?s fastest-growing car market ? there is reason to celebrate...
New York Times - July 17, 2007
Bank Group Raises Cash Portion of Bid for ABN Amro
The move by the consortium of banks, which is led by the Royal Bank of Scotland Group, is intended to help it prevail in a bidding war with Barclays...
New York Times - July 17, 2007
France and Germany Agree to Streamline Airbus?s Parent
The deal would end seven years of political infighting that have led to the crises plaguing its Airbus subsidiary...
New York Times - July 17, 2007
Study Cites Problems of Indian Auto Industry
Indian automakers are plagued by a shortage of skilled workers, inferior product quality and deficient highway infrastructure, among other challenges...
New York Times - July 17, 2007
New Boss Aims to Apply Some 7-Eleven Tactics to Blockbuster
If Blockbuster is a company in desperate need of a script doctor, the man it has chosen for the task, James W. Keyes, could perhaps be described as a master of rewrite...
New York Times - July 17, 2007
Advertising: Missing a Larynx, He?s Become the Voice of Antismoking Efforts
The image of a smoker who speaks through an artificial voice box, was scary enough to prompt thousands of New Yorkers to quit cigarettes last year...
New York Times - July 17, 2007
In Battle of Consoles, Nintendo Gains Allies
Momentum is building for the Wii from Nintendo among its crucial allies: game developers and publishers...
New York Times - July 17, 2007
Lawsuit Says Teachers Are Overcharged on Annuities
The suit, filed against the National Education Association, reflects heightened concern among retirement plan participants that excessive fees are diminishing their savings and enriching financial services firms...
New York Times - July 17, 2007
Ford Seeking a Future by Going Backward
With its recent decision to entertain bids for Volvo, Ford appears to be dismantling the collection of luxury auto companies that it once assembled with such confidence...
New York Times - July 17, 2007
Market Place: A Company?s Stock Suffers, but Mostly in Silence
By its own measures, everything looks good at ACA Capital Holdings. But other numbers do not look so good, the stock price is falling rapidly and the company will not comment on what is going on...
New York Times - July 17, 2007
Dow Jones and Murdoch Said to Move Close to Deal
Dow Jones & Company tentatively agreed to be acquired by Rupert Murdoch?s News Corporation on Monday...
New York Times - July 17, 2007
Judge Rejects Charges for 13 on Tax Shelter
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 17, 2007
What next for 'Lord Fraud'?
Conrad Black faces a lengthy prison sentence and potential bankruptcy after being found guilty on fraud charges...
BBC News - July 17, 2007
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