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US News Archive for Octomber 2006:
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Fighting the Iraq insurgency
"The past weekend, U.S. and Iraqi forces engaged militias, or members of an illegal militia, during a mission to capture a high-value target," U.S. President George W. Bush said last week. "The reason I bring this up is that we're on the move; we're taking action; we're helping this young democracy succeed."...
CNN - October 18, 2006
Israelis Find 5 Smuggling Tunnels Along Gaza
Israeli troops uncovered five smuggling tunnels today as the forces advanced along the Gaza Strip’s southern border with Egypt...
New York Times - October 18, 2006
Bloomberg Employee Attacked in Carjacking
A personal employee of Mayor Michael R. Bloomberg was assaulted today in Hackensack, N.J., by two thieves who forced him out of a Lexus owned by the mayor...
New York Times - October 18, 2006
J. P. Morgan Chase Profits Rise 30%
A surge in advisory fees helped offset lower revenues from credit-card and mortgage-lending businesses...
New York Times - October 18, 2006
Declining Energy Costs Lower Consumer Prices
Investors responded by bidding stocks briskly upward early in the day, briefly pushing the Dow Jones industrial average above 12,000 for the first time...
New York Times - October 18, 2006
Tennis: Blake ousted in Madrid
Sweden's Joachim Johansson beats Russian fifth seed Nikolay Davydenko in a day of upsets at the Madrid Masters...
BBC News - October 18, 2006
iPod demand ups Apple profits
Apple Computer's fourth quarter profits rise 27% as the firm ships more than eight million iPod music players...
BBC News - October 18, 2006
Chilean police and students clash
Chilean police clash with high school students protesting in the capital, Santiago, over education reform...
BBC News - October 18, 2006
10,000 refugees from Burundi coming to U.S.
The United States plans to take in about 10,000 Burundian refugees -- many of whom fled their landlocked Central African nation as far back as 1972 -- from Tanzania, the U.S. State Department said on Tuesday...
CNN - October 18, 2006
Poll: Most Americans say Congress out of touch
Just weeks before November's crucial midterm elections, a new poll says nearly three-quarters of Americans see Congress as out of touch, much as they did in 1994 -- the last time the minority party took the reins on Capitol Hill...
CNN - October 18, 2006
Moscow Music Site to Give Away Thousands of Albums
The U.S. has branded AllofMP3 as the world’s highest-volume online seller of pirated music...
New York Times - October 18, 2006
In Postman’s Death, a Mystery of Mail Left Behind
Authorities found thousands of circulars and hundreds of letters in drawers and closets in the apartment of a mail-carrier where he was found dead...
New York Times - October 18, 2006
Fire Still Burns Inside Smokin’ Joe Frazier
Once he was half of one of the greatest rivalries in sports. But Smokin’ Joe Frazier has lost a fortune and lives alone in an apartment above a gym in a run-down part of Philadelphia...
New York Times - October 18, 2006
Sri Lankan Rebels Stage Attack With Boat Bombs
The Sri Lankan navy said 15 rebels were killed in the explosion of the two boats, along with one sailor...
New York Times - October 18, 2006
Dow Jones Briefly Passes 12,000, a First
A drop in consumer prices and a report showing further signs of weakness in the housing market sent stocks surging this morning...
New York Times - October 18, 2006
Microsoft to Give Away Software to Enable Multiple Operating Systems
Microsoft is accelerating its efforts to convince European lawmakers that it is changing the way it does business...
New York Times - October 18, 2006
Universal Music sues video sites
The world's biggest record firm is suing two websites which it says allowed users to trade pirated music videos...
BBC News - October 18, 2006
US prices ease on energy
US inflation falls 0.5% last month, the first fall in nearly a year, in an apparent signal price pressures are easing...
BBC News - October 18, 2006
Cricket: Windies stun Australia
Jerome Taylor takes a hat-trick as West Indies beat Australia by 10 runs in the Champions Trophy...
BBC News - October 18, 2006
Spain-Venezuela plane deal 'off'
Plans to sell 12 Spanish military aircraft to Venezuela - opposed by the US - are dropped as too expensive...
BBC News - October 18, 2006
US shows signs of net addiction
More than one in eight adults in the US show signs of internet addiction, according to a study...
BBC News - October 18, 2006
Bloodshed buries Iraq hopes
Early in the Iraq conflict, Defense Secretary Donald Rumsfeld dismissed insurgents as "dead-enders." In 2005, Vice President Dick Cheney said the insurgency was in its "last throes." Now, those descriptions lie buried beneath thousands of bodies -- U.S. troops, Iraqi police, and everyday citizens slain simply because of their religious sect...
CNN - October 18, 2006
The Road to Albany: An Ill-Timed Candidate Believes His Time Is Now
John Faso, who is running for New York governor, has has become the Republican Party’s standard-bearer at an unfortunate time...
New York Times - October 18, 2006
Sudanese Soldiers Flee War to Find a Limbo in Chad
Interviews with Sudanese soldiers held in Chad provide a rare glimpse into the hidden world of Sudan’s secretive military...
New York Times - October 18, 2006
Square Feet: Young, Idealistic and Now Developers
Three college friends follow their dream of turning a vacant lot into a mixed-use building...
New York Times - October 18, 2006
World Business Briefing | Europe: France: Profit Rises at Luxury Goods Group
The French luxury group LVMH Moët Hennessy Louis Vuitton posted an 11 percent increase in nine-month revenue, but shares fell on slower-than-expected growth in sales of leather goods, wines and spirits. LVMH, owner of some of the world’s best-known champagnes, perfumes and fashion labels, said its revenue rose to 10.6 billion euros ($13.3 billion) in the first nine months of this year from 9.6 billion euros a year earlier. The figures were broadly in line with market expectations, but analysts expressed disappointment with the third-quarter performance in wines and spirits and leather goods. Revenue rose 13 percent for wine and spirits and 10 percent for the fashion and leather goods division. Stock in the company, which is based in Paris, fell 2 percent...
New York Times - October 18, 2006
World Business Briefing | Europe: France: Danone Reports Revenue Growth
Faster sales of bottled waters and teas in Asia helped Danone to a 9 percent increase in revenue in the first nine months of the year, the company said. Danone, which is based in Paris, posted revenue of 10.77 billion euros ($13.5 billion) in the January-September period, up from 9.85 billion euros a year earlier. The company, which produces Dannon yogurts and Evian bottled water, said sales were helped by a particularly strong performance in the beverages division in Asia...
New York Times - October 18, 2006
World Business Briefing | Asia: Japan: Sony Reviews Its Outlook
Sony said it might change its full-year earnings forecast because of costs related to recalls of its batteries and a price cut for its new PlayStation 3 video game console. Sony also said it would recall 90,000 of its Vaio laptop computer batteries in Japan and China, adding its name to the list of PC vendors recalling Sony batteries, which the company has said can overheat and catch fire. Other computer makers are already recalling about eight million Sony batteries, potentially straining Sony’s battery supplies...
New York Times - October 18, 2006
World Business Briefing | Europe: Germany: Investor Confidence Falls
German investor confidence unexpectedly fell to the lowest level in 13 years in October as the prospect of higher taxes and interest rate increases dragged down expectations for the economy next year. The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations dropped to minus 27.4 from minus 22.2 in September, the lowest since March 1993. Economists had expected the index to climb to minus 20. Germany’s economy may cool next year from the fastest pace since 2000 as a global slowdown curbs exports and as Chancellor Angela Merkel’s plan to increase the sales tax threatens consumer spending...
New York Times - October 18, 2006
KLA Chairman Retires Over Stock Options
SAN FRANCISCO, Oct. 17 (AP) — The chairman of the KLA-Tencor Corporation, which supplies computer chips, retired Tuesday with a less-valuable stock-option package, becoming the latest insider swept up in the efforts to clean up an accounting problem expected to cost up to $400 million...
New York Times - October 18, 2006
World Business Briefing | Americas: Canada: Genzyme to Acquire Anormed
Genzyme, the biotechnology company, agreed to buy AnorMed for $580 million to add an experimental therapy, Mozobil, for patients with blood cancer, ending a bidding contest with Millennium Pharmaceuticals. Genzyme raised its offer for Vancouver-based AnorMed last week to $13.50 a share, topping Millennium’s $12 bid. Millennium said yesterday that it would not raise its price and was now entitled to receive a $19.5 million termination fee from AnorMed. Acquiring AnorMed will help Genzyme expand its product line outside its core treatments for rare genetic diseases. Genzyme, based in Cambridge, Mass., is the world’s biggest maker of enzyme replacement treatments for hereditary disorders...
New York Times - October 18, 2006
Morgan Stanley Settles Case Over Supervision of a Broker
Morgan Stanley agreed to pay more than $1 million to settle a case in which it was accused of failing to supervise a broker who defrauded 15 clients...
New York Times - October 18, 2006
General Re Not Target of a U.S. Inquiry
Berkshire Hathaway, the insurance and investment company run by Warren E. Buffett, said yesterday that its General Reinsurance subsidiary was not a target of the federal investigation into the collapse of the insurer Reciprocal of America...
New York Times - October 18, 2006
Lawyers Called to Grand Jury in Pellicano Wiretap Case
Prosecutors are investigating Bertram H. Fields, the Hollywood superlawyer, for ties to the sprawling case against his favorite private eye, Anthony Pellicano...
New York Times - October 18, 2006
Viacom to Send Video to China’s Internet
The alliance between Viacom’s MTV Networks and Baidu.com is the biggest effort so far to introduce American entertainment into China...
New York Times - October 18, 2006
Battleground for Consoles Moves Online
With the arrival of its PlayStation 3 nearing, Sony is aiming at its rival's sweet spot: Internet-based gaming...
New York Times - October 18, 2006
Weak results hit Motorola shares
Shares in Motorola fall 8% after the US giant's latest results fail to meet Wall Street targets...
BBC News - October 18, 2006
St Louis close in on World Series
The Cardinals take a 3-2 lead in the National League Championship Series after coming from behind to beat New York Mets...
BBC News - October 18, 2006
Arrest warrant for actor Snipes
Actor Wesley Snipes faces eight charges of defrauding the Internal Revenue Service in the US...
BBC News - October 18, 2006
Narrow lead for Ecuador's Correa
Ecuador's left-wing presidential candidate Rafael Correa holds a razor-thin lead over his rival, as counting continues...
BBC News - October 18, 2006
Sri Lanka navy base under attack
Suspected Tamil Tiger rebels attacked a Sri Lankan navy base and an adjoining port in the southern city of Galle on Wednesday, police and military officers said. The attack on the navy is the second in three days...
CNN - October 18, 2006
U.S. spies 3 potential nuke sites
The intelligence community has observed potential preparations for a nuclear test at at least three sites in North Korea, a U.S. intelligence analyst has told CNN, but it is not known what the reclusive communist nation may do at any of them...
CNN - October 18, 2006
Foley will name alleged abuser
Former Florida Rep. Mark Foley will tell the Archdiocese of Miami the name of the priest he says abused him as a young man, his attorney said Tuesday. Gerald Richman added Foley will not press criminal charges against the clergyman because of the difficulties the case would face...
CNN - October 18, 2006
Report Spells Out Abuses by Former Congressman
Randy Cunningham pressured House staff members to steer $70 million in business to favored defense contractors, an investigation found...
New York Times - October 18, 2006
Labor Leader Accused of Taking $2.2 Million
Brian M. McLaughlin, head of the nation’s biggest municipal labor council, was arrested on federal racketeering charges...
New York Times - October 18, 2006
Geriatrics Lags in Age of High-Tech Medicine
The population is aging, but the relatively low-paid specialty is of little interest to medical students...
New York Times - October 18, 2006
Alarm Bells for G.O.P. in a Battleground State
Ohio voters are strongly favoring Democrats on many issues, according to a new Times/CBS News poll...
New York Times - October 18, 2006
N.L.C.S. Game 5 - Cardinals 4, Mets 2: Mets Return Home Down and Needing Some Offense
The Mets, down three games to two in the N.L.C.S. and one game from elimination, will have two chances at Shea Stadium to come back against the Cardinals...
New York Times - October 18, 2006
Ex-House Clerk May Be a Key in Foley’s Case
Jeff Trandahl’s account will be crucial in determining whether Republican leaders acted with enough urgency...
New York Times - October 18, 2006
$5.4 Billion Bid Wins Complexes in New York Deal
Jerry I. Speyer signed the largest American real estate deal ever, for Stuyvesant Town and Peter Cooper Village...
New York Times - October 18, 2006
News Chains Post Mixed Results, and Their Share Prices Drop
McClatchy and E. W. Scripps posted third-quarter profits yesterday that sustained analysts? estimates, but their stock prices fell anyway...
New York Times - October 18, 2006
A Lesson From Europe on Health Care
Strangely, we talk about medical spending as if it were nothing more than a drag on the economy, rather than an investment in the most important thing of all...
New York Times - October 18, 2006
Strong Sales of Drugs Raise Profit 9% at J.& J.
Profits were lifted by strong sales of prescription drugs and consumer products overseas as well as lower tax rates...
New York Times - October 18, 2006
Profit Up 21% at United Technologies
The United Technologies Corporation, the maker of Pratt & Whitney jet engines and Carrier air-conditioners, said third-quarter profit increased 21 percent, driven by sales of aircraft parts and elevators...
New York Times - October 18, 2006
Motorola Says Profit Fell 45% in Third Quarter
The cellphone maker's earnings met analysts’ estimates, but revenue came in far below forecasts...
New York Times - October 18, 2006
Wells Fargo Profit Up
Wells Fargo & Company, one of the nation’s largest banks, said that its profit rose 11 percent...
New York Times - October 18, 2006
Eli Lilly to Buy Partner and Get 100% of Cialis
Eli Lilly will gain full ownership of the impotence treatment Cialis with a $2.1 billion acquisition of the Icos Corporation...
New York Times - October 18, 2006
Universal Sues Music Web Sites, Charging Illegal Sharing of Files
The suit against the sites, Grouper and Bolt, seeks damages of as much as $150,000 for each incident of copyright infringement...
New York Times - October 18, 2006
Citigroup Makes Deal to Expand in Turkey
Wall Street barely batted an eye when Citigroup said it would pay $3.1 billion for a 20 percent stake in Akbank, a premier Turkish bank...
New York Times - October 18, 2006
An OPEC Meeting May Provide a Show of Unity, Without Agreement
The meeting will be an attempt to demonstrate unity against the drop in oil prices, but there is skepticism on how to allocate the cuts among its members effectively...
New York Times - October 18, 2006
Ex-F.D.A. Chief Pleads Guilty in Stock Case
Lester M. Crawford pleaded guilty Tuesday to lying and conflict-of-interest charges in connection with stock he and his wife owned...
New York Times - October 18, 2006
Equities Business Fuels a Surge in Profit at Merrill Lynch
Fueled by its debt and equity markets business, Merrill Lynch's quarterly earnings were up 23 percent...
New York Times - October 18, 2006
Yahoo Profit Falls Sharply on Weakness in Advertising
Yahoo posted a 37 percent drop in quarterly profits, amid weak sales of online corporate advertising...
New York Times - October 18, 2006
An Indian Company Wants to Be Everywhere
The Tata Group tries to build a brand like G.E. with a bid to acquire a company seven times its size, the Corus Group of Britain...
New York Times - October 18, 2006
Judge Throws Out Kenneth Lay’s Conviction
The decision prevents the government from seizing more than $43.5 million from his estate that prosecutors claimed he stole from Enron...
New York Times - October 18, 2006
Merck Wins U.S. Approval for a New Diabetes Drug
Januvia, a once-daily pill, is expected to become a blockbuster used by millions of people worldwide...
New York Times - October 18, 2006
Wholesale Prices Fall, but Some Signs of Inflation Persist
A sharp drop in the price of gasoline helped push wholesale prices down in September at the fastest pace in three years...
New York Times - October 18, 2006
Stocks & Bonds: Concerns About Data and Earnings Dampen Market
Stocks retreated as investors expressed concern that earnings from technology companies would be disappointing...
New York Times - October 18, 2006
Advertising: A Question of Eyeballs
Nielsen Media Research's project to monitor if people were actually watching commercials set off a battle in the TV industry worthy of a “Survivor” episode...
New York Times - October 18, 2006
Profit Falls, but Intel Looks Up
Intel's quarterly profit fell 35 percent due to a price war with Advanced Micro Devices but is optimistic about its future...
New York Times - October 18, 2006
Acquisitions Lift Earnings 47% at I.B.M.
Income soared on robust software sales, a business helped by nearly $4 billion in acquisitions this year...
New York Times - October 18, 2006
Not Coming Soon to a Lot Near You: Chinese Cars
Chinese auto executives admit it could be 2020 before they will be ready to take on the world market...
New York Times - October 18, 2006
2 Exchanges in Chicago Will Merge
The $8 billion merger between the Chicago Mercantile Exchange and the Chicago Board of Trade would create the largest market for financial derivatives contracts in the world...
New York Times - October 18, 2006
Video Game Wars Moving Online
With the arrival of its PlayStation 3 nearing, Sony is aiming at its rival's sweet spot, Internet-based gaming...
New York Times - October 18, 2006
Venezuela 'fights on' for UN seat
Venezuela leader Hugo Chavez says he will continue to fight in the fierce battle for a UN Security Council seat...
BBC News - October 18, 2006
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