|
|
|
|
US News Archive for Octomber 2006:
|
 |
Priest admits fondling Foley, denies abuse
A priest whom former Rep. Mark Foley reportedly has accused of molestation almost four decades ago said Thursday that he fondled the lawmaker as a teen but it wasn't abuse because Foley "seemed to like it." ...
CNN - October 19, 2006
Judge Orders Grasso to Pay Back Money
A judge ruled today that Richard A. Grasso, the former chairman of the New York Stock Exchange, would have to return a significant portion of his compensation package...
New York Times - October 19, 2006
Dow Closes Above 12,000 for the First Time
The milestone suggests that investors believe the economy can perform the rare feat of slowing without stalling...
New York Times - October 19, 2006
Red Cross lambasts US terror law
The Red Cross expresses concern over a newly-approved US anti-terrorism law...
BBC News - October 19, 2006
Key aide heard in US e-mail row
A key witness testifies in a US inquiry over lurid e-mails sent by ex-Republican congressman Mark Foley...
BBC News - October 19, 2006
Baghdad attacks force U.S. rethink
The U.S.-led military operation aimed at cracking down on insurgent attacks in Baghdad, is being re-evaluated after a "disheartening" rise in violence...
CNN - October 19, 2006
Katrina survival story ends in grisly killing, suicide
After Hurricane Katrina, Zackery Bowen and his girlfriend Adriane Hall appeared in news stories as examples of young people who had pressed on in the battered city despite evacuation orders and a lack of power and water...
CNN - October 19, 2006
Priest: Report of Foley relationship 'exaggerated'
A priest acknowledged Thursday that he used to go naked in saunas with Mark Foley decades ago when the former congressman was a boy in Florida, but denied that the two had sex...
CNN - October 19, 2006
Catholic Priest Claims Relationship With Foley
An intimate two-year relationship took place while the former congressman was a teenage altar boy...
New York Times - October 19, 2006
Ad Sales Continue to Sag at Major Newspapers
The New York Times Company and the Tribune Company released earnings reports today...
New York Times - October 19, 2006
Passenger rise boosts US airlines
US carriers Continental and Southwest both see their revenues rise thanks to higher passenger numbers...
BBC News - October 19, 2006
HP computer sales 'overtake Dell'
Hewlett-Packard overtakes Dell to become the world's largest seller of personal computers, according to a study...
BBC News - October 19, 2006
Jumping stingray stabs US boater
A Florida man is left critically ill after being stabbed in the chest by a stingray which leapt on board a boat...
BBC News - October 19, 2006
'Car bomb' explodes in Colombia
An apparent car bomb near a military school in Bogota, the Colombian capital, injures five people, police say...
BBC News - October 19, 2006
Bush: 'Grave consequence' for nuke transfer
President Bush said Wednesday that the United States would stop North Korea from transferring nuclear weapons to Iran or al Qaeda and that the communist regime would then face "a grave consequence."...
CNN - October 19, 2006
N.L.C.S. Game 6 - Mets 4, Cardinals 2: Mets Beat Cards to Set the Stage for a Game 7
The Mets beat St. Louis to force a deciding game on Thursday in the National League Championship Series...
New York Times - October 19, 2006
Panel Suggests Brown U. Atone for Ties to Slavery
Documenting Brown University’s 18th-century ties to slavery, a panel called for the institution to make amends by creating a center for the study of slavery and increasing efforts to recruit minorities...
New York Times - October 19, 2006
Preschoolers Grow Older as Parents Seek an Edge
Hoping to give their children an academic edge, parents are strategizing more than ever to keep their children out of kindergarten until they are nearly, or already, 6 years old...
New York Times - October 19, 2006
The Hard Part: A New Mayor Tests His Promises on Newark’s Reality
After 100 days, Cory A. Booker has found running New Jersey’s largest city more challenging than he ever expected...
New York Times - October 19, 2006
US sell-off costs hit Sportingbet
Sportingbet says it will take a charge of £200m following its withdrawal from the US internet gaming market...
BBC News - October 19, 2006
Mets win takes series to decider
The Mets beat the St Louis Cardinals to level the National League Championship Series...
BBC News - October 19, 2006
Migrants' pay buoys L America
Latin American immigrants in the US will send more than $45bn to relatives back home this year, a reports says...
BBC News - October 19, 2006
Protest teacher killed in Oaxaca
A man in Mexico's troubled Oaxaca City has been shot dead by unidentified gunmen in the latest attack on striking teachers...
BBC News - October 19, 2006
Iraq's insurgency shows no letup
Steps by Iraq's government to build peace in the country seem to have little impact. Sunni and Shiite militias continue to turn many Iraqi streets into war zones. Iraqis say they see no sign the militias will be disarmed any time soon...
CNN - October 19, 2006
Rice: U.S. stands by Asia allies
U.S. Secretary of State Condoleezza Rice met with Japanese leaders Wednesday as the world awaited a possible second nuclear test by North Korea. Meanwhiule, a U.S. intelligence analyst told CNN potential preparations for a nuclear test at three or more sites in North Korea had been observed...
CNN - October 19, 2006
Bob Ney, Guilty but Still at Capitol
The Congressional office of Representative Bob Ney, who headed to prison after pleading guilty to charges of accepting tens of thousands of dollars in illegal gifts, is open for business...
New York Times - October 19, 2006
The Hard Part: A New Mayor Tests His Promises on Newark’s Harsh Reality
After 100 days in office, Cory A. Booker has found running New Jersey’s largest city more challenging than he ever expected...
New York Times - October 19, 2006
New Laws and Machines May Spell Voting Woes
Officials are bracing for an Election Day with long lines and an increase in the number of contested results...
New York Times - October 19, 2006
Tables Turned for the G.O.P. Over Iraq Issue
With three weeks until Election Day, Republican candidates are barely mentioning Iraq, while Democrats have seized on the issue...
New York Times - October 19, 2006
Addenda
Another Reorganization...
New York Times - October 19, 2006
Advertising: Nimble and Edgy? There?s a Group for You, Partner
New entrepreneurial ad agencies are portraying themselves as more nimble and responsive than giant advertising companies...
New York Times - October 19, 2006
Entrepreneurial Edge: Making Money by Matching Surfers to Marketers
Oversee.net is profiting from a very hot field called search engine optimization that is attracting venture capital from investors...
New York Times - October 19, 2006
World Business Briefing: China’s Economic Output Rises 10.7%
The country?s economic output grew 10.7 percent in the first nine months compared with the same period of 2005, the government announced on Thursday, saying controls imposed to cool off sizzling growth ?should be further enhanced.? The growth rate was 2 percentage points lower than for the first six months, the National Bureau of Statistics said. The government has raised interest rates twice this year and imposed curbs on construction in an effort to cool off growth. The agency also said that inflation stayed low, with consumer prices rising just 1.3 percent in the first nine months of the year...
New York Times - October 19, 2006
World Business Briefing: NEC to Postpone Earnings Announcement
The NEC Corporation said it would postpone its first-half earnings announcement until mid-November because of a delay in filing its 2005-6 results to the United States Securities and Exchange Commission. NEC, one of Japan?s largest electronics conglomerates, planned to report its interim results on Oct. 26. The company said last month that it would miss the S.E.C.?s Oct. 2 deadline to file its results for the business year ended March 31 because auditors had asked for more data on technology system support services from April 2003 to March 2006. An NEC spokesman said the company was still not sure when it would be able to submit its 2005-6 reports to the S.E.C. NEC filed restated reports to the Japanese authorities in June after it found that an employee had inflated sales by $200 million with false deals...
New York Times - October 19, 2006
World Business Briefing: Australian Media Shake-Up Begins Under New Laws
Media moguls began jockeying for position as Australia?s Parliament passed laws on foreign ownership and on mergers that foreshadow one of the biggest shake-ups in the industry in decades. Within hours of the laws? passage, the media and gambling company Publishing and Broadcasting, which is controlled by the Australian billionaire James D. Packer, left, announced it would sell half its stake in media assets to a private equity alliance for 4.5 billion Australian dollars ($3.4 billion). And the television broadcaster Seven Networks said it had bought 8.4 percent of West Australian Newspapers Holdings for 200 million Australian dollars ($150 million) and wanted to increase its stake to 14.9 percent. The new laws lift a ban on foreign companies controlling more than 15 percent of a television company or more than 25 percent of a newspaper publisher. They also relax bans on newspaper companies owning television stations, and vice versa, in the same city or regional market...
New York Times - October 19, 2006
World Business Briefing: Russia’s Lukoil Reports 65% Profit Increase
Russia?s biggest oil producer, Lukoil, said its profit rose 65 percent in the second quarter of 2006 as a result of high world oil prices, rising output and better cost management. The company said profit increased to $2.32 billion, from $1.41 billion in the year-earlier period, topping the $2.17 billion expected by analysts. Revenue rose 35 percent, to $18.38 billion, from $13.63 billion. Production rose 6.8 percent, to 1.92 million barrels a day, from 1.8 million in the year-earlier period. The company also said it planned to invest up to $112 billion to double its production to four million barrels a day...
New York Times - October 19, 2006
World Business Briefing: Samsung and Hynix Officials Charged on Prices
Two executives of Samsung Electronics and a Hynix Semiconductor official were accused in a United States grand jury indictment of conspiring to fix prices for computer memory chips. Rha Young Bae, Samsung?s former head of worldwide sales and marketing; Kim Il Ung, a senior vice president in Samsung?s chip division; and Gary Swanson, senior vice president of memory sales at Hynix, were accused of participating in a conspiracy to artificially bolster prices of dynamic random access memory from April 1999 to June 2002, according to the indictment. Lawyers for the three men denied the allegations...
New York Times - October 19, 2006
Viacom’s Ex-Chief Getting $85 Million
Viacom plans to pay $84.8 million to former chief Tom Freston who was ousted last month after less than a year in the top job...
New York Times - October 19, 2006
Stocks & Bonds: Dow Flirts With 12,000 and Then Demurs
The Dow briefly swept past the 12,000 mark for the first time as investors showed optimism, then pulled back before closing...
New York Times - October 19, 2006
Verizon’s Board Approves Spinoff of Directories
The spinoff included its print and online directories business to stockholders as a new public company named Idearc Inc...
New York Times - October 19, 2006
Increase in Fares and Drop in Fuel Price Help AMR Post a Profit
It was the first time since 2000 that AMR, the parent company of American Airlines, reported consecutive quarterly profits...
New York Times - October 19, 2006
Profits Down 9% at Largest S.& L.
Washington Mutual said its third-quarter profit slid as it continued to cut costs amid a slowdown in the home loan market...
New York Times - October 19, 2006
SafeNet Is Roiled by Options Inquiry
The information-security company said its top officers had resigned as a result of the investigation into past stock option grants...
New York Times - October 19, 2006
Boston Scientific Reports a Profit
The medical device maker said it had a $76 million profit in the third quarter, a result that narrowly beat Wall Street estimates...
New York Times - October 19, 2006
A.M.D. Posts Higher Profit, but Price War Hits Margins
The company did not explain the sharp drop in its profit margins but analysts said it probably resulted from the price war with Intel...
New York Times - October 19, 2006
Contractor?s Net Rises
General Dynamics, the military contractor, reported a 17 percent increase in earnings with higher sales in its major business units...
New York Times - October 19, 2006
Earnings Climb 5% at Abbott Laboratories
Helped by tax-related items, the sales gain was also highlighted by 20 percent growth in medical products...
New York Times - October 19, 2006
Income Rises at Dow Jones; Journal’s Ads Are Weaker
The publisher of The Wall Street Journal said its third-quarter profit increased 57 percent, buoyed by a tax benefit...
New York Times - October 19, 2006
Economic Scene: Why Old Media and Tom Cruise Should Worry About Cheaper Technology
As technology advances, more creative and inexpensive content will be available via the Internet, vying for people’s attention...
New York Times - October 19, 2006
EBay Reports That Profit Jumped 10% in Quarter
The Internet auction giant said its profit was helped in part by a lower tax rate and strong sales at its online payments unit...
New York Times - October 19, 2006
Time Warner to Sell Shares in Cable Unit
The shares would be equal to 16 percent of the company and would be used to pay off shareholders in Adelphia...
New York Times - October 19, 2006
3rd-Quarter Profits Rose 30% at J. P. Morgan Chase
A surge in investment banking advisory fees helped offset lower revenue in its credit card and mortgage-lending businesses...
New York Times - October 19, 2006
Wal-Mart to Expand Discount Drug Plan
Wal-Mart is expected to announce plans to expand the program to more than a dozen states months ahead of schedule...
New York Times - October 19, 2006
Allstate Rebounds With Storm-Free Summer
Analysts said the results were a harbinger for a record performance by the property casualty insurance industry in 2006...
New York Times - October 19, 2006
NBC Says Cost-Cutting Will Include Some Layoffs
NBC is said to be planning a series of cost-cutting measures in its TV division that include some layoffs and the relocation of MSNBC...
New York Times - October 19, 2006
3 Doctors Assail Lilly Study of Sepsis Drug
The doctors said that Lilly manipulated treatment guidelines to promote its drug at the expense of cheaper and equally effective treatments...
New York Times - October 19, 2006
Microsoft Looks Within to Design and Test Chips
Microsoft is exploring hardware design now in part because of a new set of tools that will make it possible to test ideas quickly...
New York Times - October 19, 2006
Lower Energy Prices Help Consumer Price Index Decline 0.5%
Wall Street saw the latest evidence as an encouraging sign that the Fed will keep interest rates unchanged for now...
New York Times - October 19, 2006
A Virtual World but Real Money
An online service called Second Life is fast becoming a three-dimensional test bed for corporate marketers...
New York Times - October 19, 2006
Bloomberg Dismisses Talk of Sale
Mayor Michael R. Bloomberg said although he has been approached by potential buyers, he will not sell his multibillion-dollar company...
New York Times - October 19, 2006
State Of The Art: A New Gadget on Campus. Who’s It for?
The new Mylo, Sony’s wireless pocket communicator, could be the first cousin of the T-Mobile Sidekick...
New York Times - October 19, 2006
Apple Profit Rises 27%; Stock Jumps
Strong sales of its Macintosh computers and iPod music players led to better-than-expected results...
New York Times - October 19, 2006
Music Companies Grab a Share of the YouTube Sale
Three major music companies are said to have acquired small stakes in YouTube prior to its sale, and now stand to receive as much as $50 million collectively...
New York Times - October 19, 2006
|
|
|
| |
|
|
|
 |
| Keep up with Steve, join our G-Mail List to receive Gill Show updates and Steve's weekly column... |
|
|
|
 |
|
| |
|
|
|
|
|
