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US News Archive for August 2007:
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Boys survive attack that kills woman, girls
Two boys survived an attack Wednesday that left a woman and her two daughters dead in a suburban home outside Atlanta, Georgia, authorities said. full story...
CNN - August 1, 2007
Whoopi Goldberg Joins ?The View?
The arrival of Ms. Goldberg as Rosie O?Donnell?s replacement is intended to restore some calm and civility to the show while still keeping it provocative...
New York Times - August 1, 2007
Republicans Shun Debate, and Right Cries Out
The Republican candidates? failure to embrace a Sept. 17 YouTube debate has prompted a public soul-searching in the blogosphere by some loyal supporters...
New York Times - August 1, 2007
Getty Agrees to Return 40 Antiquities to Italy
A statue usually identified as Aphrodite, one of the Getty?s prized pieces, is among the works to be returned, but it will remain at the museum until 2010...
New York Times - August 1, 2007
Congress Moves Closer to Spying Renewal
WASHINGTON (AP) -- Senate Democrats agreed Wednesday to give the government greater authority to spy on foreign terror suspects, but only temporarily and with court review of the attorney general's role in deciding how the power is used...
New York Times - August 1, 2007
Obama Calls for U.S. to Shift Focus on Terrorism
If Pakistan fails to eradicate terror operations, the U.S. should strike targets there itself, the senator said today...
New York Times - August 1, 2007
Man Regains Speech After Brain Stimulation
A man whose brain was stimulated with electric current is talking after spending years in a barely conscious state...
New York Times - August 1, 2007
Rumsfeld Denies Cover-Up Attempt in Tillman Case
Former Pentagon leaders testified before a House committee over the false account of the death of Cpl. Pat Tillman in Afghanistan...
New York Times - August 1, 2007
Campaign Puts Giuliani and Ailes in Uncharted Territory
With Rudolph W. Giuliani running for president, his friendship with Roger Ailes, the head of Fox News, has come under closer scrutiny...
New York Times - August 1, 2007
Jones Apparel Posts Loss on Declining Sales
The owner of Jones New York and Nine West posted a quarterly net loss on declining sales, discontinued operations and one-time restructuring costs, and it cut its full-year earnings outlook...
New York Times - August 1, 2007
OfficeMax Earnings Stay Steady but Beat Expectations
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New York Times - August 1, 2007
Starbucks 3rd-Quarter Earnings Rise
LOS ANGELES (Reuters) - Starbucks Corp reported a 9 percent rise in quarterly earnings on Wednesday, helped by more than 1,000 new stores, and stood by its full- year profit outlook, sending its shares up 2.2 percent...
New York Times - August 1, 2007
State Of the Art: Get Your Free Net Phone Calls Here
David Pogue explores the ins and outs of making free phone calls through the Internet...
New York Times - August 1, 2007
British Airways and Korean Air Lines Fined in Fuel Collusion
The two airlines will pay fines totaling nearly $850 million for their roles in conspiracies to fix the prices of passenger and cargo flights...
New York Times - August 1, 2007
AOL Slows Decline but Faces Challenges
Although AOL managed to slow down its decline by boosting its quest for advertising dollars, the disclosure that ad growth has cooled suggests its road back to prosperity will be rough...
New York Times - August 1, 2007
Disney Acquires Web Site for Children
Aiming to solidify its position in online entertainment, the company acquired Club Penguin in a deal that could total $700 million...
New York Times - August 1, 2007
Amgen Challenges New Medicare Policy
Amgen said it was concerned that a portion of a new coverage policy will limit cancer patients? access to drugs that fight anemia...
New York Times - August 1, 2007
Judge Allows Class-Action Bias Suit Against Novartis
Female drug sales workers claim the company discriminated against them in pay, promotions and personnel evaluations...
New York Times - August 1, 2007
Stocks Close Higher After Late Rally
The Dow reversed course from a slump yesterday that led to a sell-off in Asia and carried over into Europe...
New York Times - August 1, 2007
Detroit Is Outsold by Imports in U.S.
American companies lost their leadership of the domestic car market for the first time ever in July, a dismal month for sales...
New York Times - August 1, 2007
Falling US sales hit Ford and GM
Both Ford and GM suffer sharp falls in US car sales in July as the housing slump makes consumers more cautious...
BBC News - August 1, 2007
Oil prices pull back from record
Oil prices fall back after hitting a record high of $78.77 a barrel amid worries about supply capacity...
BBC News - August 1, 2007
Colombian man ends protest trek
The father of a soldier kidnapped by Colombian rebels a decade ago completes a march across the country...
BBC News - August 1, 2007
Brazil pilots' last words aired
Pilots' final exchanges before Brazil's worst aviation disaster are revealed to a congressional hearing...
BBC News - August 1, 2007
Baghdad gas station blast kills 50
A fuel tanker packed with explosives detonated at a gas station Wednesday, killing at least 50 people and wounding 60 others in western Baghdad, the Interior Ministry said. full story...
CNN - August 1, 2007
Rumsfeld: No cover-up in Tillman's death
Former Defense Secretary Donald Rumsfeld said Wednesday there was no evidence of a cover-up of the circumstances of Army Ranger Cpl. Pat Tillman's death. full story...
CNN - August 1, 2007
Rumsfeld Says Weeks Passed Before He Was Told How Tillman Was Killed
Former Defense Secretary Donald H. Rumsfeld testified that he was not notified until many weeks after the fact that Cpl. Pat Tillman was killed by fire from his own side...
New York Times - August 1, 2007
Martha Stewart Loss Widens; Shares Fall
NEW YORK (Reuters) - Martha Stewart Living Omnimedia Inc. reported a wider quarterly loss on Wednesday, due in part to weak sales of its products at retailer Kmart...
New York Times - August 1, 2007
Visteon Reports $67 Million Quarterly Loss
The auto parts maker posted a net loss of $67 million in the 2nd quarter as it continued restructuring and grappled with production cuts by North American automakers...
New York Times - August 1, 2007
Jones Apparel Posts Loss; OKs New Barneys Offer
NEW YORK (Reuters) - Jones Apparel Group Inc. on Wednesday posted a quarterly net loss on declining sales, discontinued operations and one-time restructuring costs, and it cut its full-year earnings outlook...
New York Times - August 1, 2007
Alltel Profit Falls but Revenue Beats Forecasts
The wireless carrier reported 2nd-quarter profit of $195 million, down 54 percent from year-ago results that were lifted by income from a phone business that has been spun off...
New York Times - August 1, 2007
Owens Corning Profit Down 88 Percent
Owens Corning reported that 2nd-quarter net income fell to $29 million, saying the decline in U.S. residential construction weakened demand for its building materials...
New York Times - August 1, 2007
Kraft Profit Up on Lower Charges and Higher Sales
The company posted higher quarterly profit of $707 million, helped by lower restructuring charges, a lower tax rate and higher sales...
New York Times - August 1, 2007
Cigna 2nd-Quarter Profit Declines on Charge
The health insurer reported a 27 percent drop in second-quarter profit after boosting reserves to handle an increase in unfavorable claims related to its reinsurance business...
New York Times - August 1, 2007
Qwest 2Q Earnings Soar to $246 Million
The company said net income rose to $246 million, from $117 million in the year-ago period, as sharply reduced operating expenses offset weak sales...
New York Times - August 1, 2007
MasterCard Swings to Profit
The world?s No. 2 credit card franchise said profit in the second quarter, excluding items, was $195 million, helped by higher card usage and the dollar?s weakness...
New York Times - August 1, 2007
BNP Paribas Quarterly Net Up 20 Percent
The bank said net profit rose to $3.13 billion, beating forecasts, as it benefited from record earnings at its investment bank arm...
New York Times - August 1, 2007
Deutsche Bank Profit Jumps to $2.43 Billion
Deutsche Bank sidestepped the U.S. sub-prime mortgage lending crisis to beef up profit in the second quarter on the back of strong sales and trading...
New York Times - August 1, 2007
Lazard Posts 2.2% Profit Decline
Lazard said its asset management business kept growing while its mergers and acquisitions advisory work dropped slightly...
New York Times - August 1, 2007
Time Warner Quarterly Profit Up 5 Percent
Quarterly profit rose to $1.07 billion as the media conglomerate reported particular strength in its cable unit and exceeded Wall Street?s forecasts...
New York Times - August 1, 2007
Stocks Open Flat After Sell-Offs in Asia and Europe
The main indexes were fluctuating between gains and losses today after continuing concerns about the mortgage industry rattled global markets...
New York Times - August 1, 2007
The Media Equation: Murdoch?s Journal: Don?t Expect ?Hedgeless Funds? Headlines
Rupert Murdoch is buying another paper because he is a sentimentalist, not because he has great skill at making money with them...
New York Times - August 1, 2007
News Analysis: In Murdoch?s Past, Clues to The Journal?s Future
Rupert Murdoch is likely to try to lure readers and ads away from The Wall Street Journal?s rivals, taking losses at first to win the long-term war...
New York Times - August 1, 2007
Strong card use helps Mastercard
Mastercard sees quarterly profits jump 70% on increased card usage and the weakness of the dollar...
BBC News - August 1, 2007
Asian Stocks Fall on Mortgage Fears
Asian markets fell Wednesday after Wall Street resumed its slide over woes in the U.S. housing loan market...
New York Times - August 1, 2007
Saudis Plan Upgraded Relations With Iraq
Saudi Arabia?s foreign minister also rebuffed calls from the Bush administration to do more to halt Saudis from crossing the border to join the insurgency in Iraq...
New York Times - August 1, 2007
Readers of The Journal May Be Wary of Murdoch, but Advertising Executives Are Not
In the advertising community, executives expressed optimism that Mr. Murdoch would invest resources in The Journal, making it more attractive to advertisers...
New York Times - August 1, 2007
Oil Prices Continue to Rise, With a Close Above $78
The great oil rally shows no sign of slowing down, as light, sweet crude oil futures ended at $78.21 a barrel, up $1.38...
New York Times - August 1, 2007
Dow Jones Deal Gives Murdoch a Coveted Prize
Dow Jones & Company, the publisher of The Wall Street Journal, said today it had signed a merger agreement with Rupert Murdoch?s News Corporation...
New York Times - August 1, 2007
Faith-based toys to hit stores
A range of action figure toys based on the Bible are to be sold by the US retail giant Wal-Mart, aimed at Christian families...
BBC News - August 1, 2007
Rice seeks Mid-East peace boost
US Secretary of State Condoleezza Rice is due to hold talks with Israeli and Palestinian leaders...
BBC News - August 1, 2007
Castro vows to fight for recovery
Cuba's Fidel Castro says he will fight for his health after the first anniversary of his handover of power...
BBC News - August 1, 2007
Woman tries to help sect members gain freedom
When polygamous sect leader Warren Jeffs appeared in a Las Vegas courtroom last August, Kathy Jo Nicholson, a former member of Jeffs' sect, felt fearful even though she was only watching him on television. full story...
CNN - August 1, 2007
U.N. triples Darfur peacekeepers
The U.N. Security Council has more than tripled an existing African Union-led force for the Sudanese province of Darfur by authorizing a 26,000-member peacekeeping mission. full story...
CNN - August 1, 2007
House, 411-8, Passes a Vast Ethics Overhaul
The House approved sweeping ethics rules that would impose new restrictions on gifts and require lawmakers to disclose the names of certain lobbyists...
New York Times - August 1, 2007
No. 500 Eludes A-Rod as Yankees Bomb Sox
On the night the Yankees tied a franchise record by hitting eight home runs in a 16-3 rout of the Chicago White Sox, Alex Rodriguez had none...
New York Times - August 1, 2007
Retired General Is Censured Over Tillman Case
The Army censured a retired general for deceptions and apologized profusely for the mishandling of the friendly fire death of Cpl. Pat Tillman...
New York Times - August 1, 2007
Roberts Facing Medical Option on 2nd Seizure
Because the seizure that Chief Justice John G. Roberts Jr. suffered was his second, he meets the criteria for epilepsy...
New York Times - August 1, 2007
A Mayor Who Takes the Subway ? by Way of S.U.V.
Mayor Michael R. Bloomberg?s commute is not your average straphanger?s ride...
New York Times - August 1, 2007
Edwards?s Campaign Tries to Harness Internet
John Edwards has a central goal for his presidential campaign: to utilize the energy of Democrats online...
New York Times - August 1, 2007
Voting Officials Face New Rules to Bar Conflicts
The state officials who run the nation?s elections are facing efforts to limit what have been criticized as political and financial conflicts of interest...
New York Times - August 1, 2007
Bill Would Extend Lawsuit Window
The House passed a bill that would give workers more time to file wage discrimination lawsuits...
New York Times - August 1, 2007
Decline in Expenses Lifts Profit at Northwest
CHICAGO, July 31 (Reuters) ? Northwest Airlines, which exited Chapter 11 bankruptcy protection in May, said on Tuesday that its quarterly profit, excluding reorganization items, rose 53 percent as its operating expenses tumbled...
New York Times - August 1, 2007
Shares of Apple Fall on Cutback Rumors
Shares of the company fell close to 7% percent on, among other things, talk of production cuts in iPhones and iPods...
New York Times - August 1, 2007
Second Quarterly Loss in a Row for Alcatel-Lucent After Merger
The telecommunications equipment make reported a net loss of 586 million euros ($800.3 million) related to its recent merger and an unfavorable product mix...
New York Times - August 1, 2007
Profit Up 83% at MetLife
The life insurer MetLife said yesterday that second-quarter profit ballooned 83 percent on robust investment income and strong earnings growth in the individual life insurance business...
New York Times - August 1, 2007
Earnings Plummet at CBS, but Still Beat Expectations
The company delivered adjusted earnings that beat Wall Street expectations, even as revenue fell at both television and radio stations...
New York Times - August 1, 2007
IAC Posts Earnings Below Expectations
The company cited lower revenue at its HSN shopping channel and unexpected weakness at its Ticketmaster box office service as reasons for the disappointing results...
New York Times - August 1, 2007
Prison Term for Ex-Merrill Broker
A former Merrill Lynch broker was sentenced yesterday in federal court in Brooklyn to a year and a day in prison for witness tampering and making false statements in connection with an alleged scheme to misuse information broadcast over brokerage ?squawk boxes.?...
New York Times - August 1, 2007
Liz Claiborne Surpasses Expectations, and Shares Rise
Liz Claiborne posted better-than-expected quarterly profit yesterday on higher sales of Lucky Brand Jeans, Juicy Couture and Mexx, sending its shares up...
New York Times - August 1, 2007
ImClone Reports Lower Earnings
BOSTON, July 31 (Reuters) ? ImClone Systems said on Tuesday that second-quarter earnings fell as competition eroded sales of its cancer drug Erbitux...
New York Times - August 1, 2007
DreamWorks Rides ?Shrek? to Higher Profit
The company expects its third-quarter results to be primarily driven by the international box office performance of ?Shrek the Third.?...
New York Times - August 1, 2007
Subscriber Gain Helps Sirius Narrow Loss
Sirius, which broadcasts the talk-show host Howard Stern, added 561,500 net subscribers during the period, about 80,000 more than analysts estimated...
New York Times - August 1, 2007
A Rise in Confidence Amid Mild Inflation
Personal spending rose at its slowest rate in nine months in June while inflation moderated, but consumers? mood brightened considerably in early July...
New York Times - August 1, 2007
Private Equity Warns Against Raising Taxes
WASHINGTON, July 31 (AP) ? Private equity, hedge fund and real estate executives warned senators on Tuesday that raising taxes on their firms would harm a range of companies that benefit from their investments, including developers in poor urban areas...
New York Times - August 1, 2007
Lone Defendant Acquitted in 1990s Gold Mining Hoax
John Felderhof, former vice chairman of Bre-X, was found not guilty of insider trading and misleading investors in the Bre-X gold fraud case in Canada...
New York Times - August 1, 2007
Advertising: Campaign for a Yogurt Enlists Stylish Partners
A new campaign for Fage Total yogurt places magazine advertisements opposite ads for Tourneau watches and Honora jewelry, suggesting that the expensive goods have been sitting in the yogurt...
New York Times - August 1, 2007
Lender Agrees to Contribution of $2 Million to a Student Fund
Nelnet, a student loan company, agreed to pay into a fund to educate high school students about financing college, settling an inquiry into its business practices...
New York Times - August 1, 2007
Norma Gabler, Leader of Crusade on Textbooks, Dies at 84
Norma Gabler became the public face of a crusade with her husband to rid schoolbooks of content they considered antifamily, anti-American and anti-God...
New York Times - August 1, 2007
Square Feet: New Interest in Bridgeport?s Neglected Neighborhoods
Two major companies are vying to invest in Bridgeport, a sign that there is plenty of money to be made in inner-city neighborhoods that developers have ignored for decades...
New York Times - August 1, 2007
To Ford, a Disaster. To Edsel Owners, Love.
In Kingston, N.Y., a man recently celebrated the birthday of his car, a 1958 Edsel, the ugly duckling of its industry...
New York Times - August 1, 2007
Manhattan Media Buys a Weekly
The New York Press, the city?s second-largest free weekly newspaper, is expected to be sold to Manhattan Media, a publisher of weekly newspapers...
New York Times - August 1, 2007
Square Feet: Peekskill Finds New Use for an Old Landfill
The struggling city has formed a partnership with a private developer to cap a former landfill and build the city?s first Class A office space in decades...
New York Times - August 1, 2007
Father and Son Restaurateurs in New York City Plead Guilty to Tax Evasion
Two members of the Cipriani family, renowned for its opulent restaurants in New York and Venice, pleaded guilty to tax evasion Tuesday...
New York Times - August 1, 2007
I?ll Have the Fish Paste Sushi With the Green Tea Rice
If you believe the vendors at the annual Institute of Food Technologists convention, you may soon be able to eat and drink your way to better health...
New York Times - August 1, 2007
Oil Prices Continue to Rise, with a Close Above $78
The great oil rally shows no sign of slowing down, as light, sweet crude oil futures ended at $78.21 a barrel, up $1.38...
New York Times - August 1, 2007
Johnson & Johnson Plans to Cut 4,800 Jobs
The cuts, along with other streamlining efforts, would save the company $1.3 billion to $1.6 billion a year...
New York Times - August 1, 2007
Ford and G.M. Expect a July Sales Drop
General Motors and Ford posted strong second-quarter profits, but both are expected to report double-digit declines in July auto sales...
New York Times - August 1, 2007
Jittery Stock Market Drops as Mortgage Fallout Spreads
With little respite on the horizon, the mortgage market was hit with another wave of a bad news Tuesday...
New York Times - August 1, 2007
Dow Jones Deal Gives Murdoch a Coveted Prize
Rupert Murdoch has enough support from the Bancroft family for his News Corporation to buy the publisher of The Wall Street Journal...
New York Times - August 1, 2007
Somali suspect in US plea bargain
A Somali man accused of plotting to bomb a shopping centre in the US state of Ohio pleads guilty ahead of his trial...
BBC News - August 1, 2007
Latin American young 'lack water'
More than a third of children and teenagers in Latin America lack access to safe drinking water in their homes, a UN report says...
BBC News - August 1, 2007
Tillman case general is censured
A US army report heavily criticises an ex-general over the handling of the death of a sport star-turned-soldier...
BBC News - August 1, 2007
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