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US News Archive for December 2006:
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Hussein: Don't hate invaders
Saddam Hussein calls on Iraqis not to hate the U.S.-led forces that invaded Iraq in 2003 in a farewell letter posted on a Web site. "I call on you not to hate because hate does not leave space for a person to be fair and it makes you blind and closes all doors of thinking," the letter says...
CNN - December 27, 2006
Hussein loyalists warn against hanging
The Baath Party, the political movement that ruled Iraq during the Saddam Hussein era, is warning there will be "grave consequences" if former Iraqi leader Saddam Hussein is executed...
CNN - December 27, 2006
Tributes for Ford Recall His Leadership
He was praised as a devoted public servant who helped steer the nation through some of its most difficult periods...
New York Times - December 27, 2006
Dow Hits New High as Sales of New Homes Pick Up
Sales of new homes jumped last month after a big drop in October, helping push the Dow above 12,500...
New York Times - December 27, 2006
Edwards to launch presidency bid
Democrat John Edwards is set to announce a new bid for the White House in 2008...
BBC News - December 27, 2006
Bush remembers 'gentleman' Ford
Former U.S. President Gerald Ford, who died Tuesday, was "a great man" and a "true gentleman," President George W. Bush said in an address to the nation. The 93-year-old Ford, the oldest surviving former U.S. president, sought to restore faith in American politics in the wake of Richard Nixon's 1974 Watergate scandal resignation...
CNN - December 27, 2006
Former President Gerald Ford dies at 93
Gerald Ford was the unlikeliest of presidents. He came to power without seeking the office at a time when Americans were disillusioned and reeling from the Watergate scandal. Ford, 93, died Tuesday evening at his desert home in Rancho Mirage, California...
CNN - December 27, 2006
Ethiopia troops advance on Somali capital
Ethiopian-backed troops advance on the Somali capital, Mogadishu, but a Somali government envoy says they would not attack the Islamist stronghold...
CNN - December 27, 2006
Former President Ford dies
Former President Gerald R. Ford, who pardoned Nixon after the Watergate scandal, died Tuesday at age 93, his widow, Betty Ford said...
CNN - December 27, 2006
Bush Praises Ford As ?Man of Complete Integrity?
President Bush delivered a solemn tribute, hailing Gerald R. Ford as a ?true gentleman who reflected the best in America?s character.?...
New York Times - December 27, 2006
Sales of New Homes Pick Up After a Big Drop
Sales are 15 percent lower than they were a year earlier, suggesting that the correction taking place in the housing market has not yet run its course...
New York Times - December 27, 2006
Scant festive cheer for US stores
Last-minute shoppers boost US retail sales in the run-up to Christmas, but not by as much as stores expected...
BBC News - December 27, 2006
Quakes trigger telecoms chaos
Telecommunications across the Pacific region are severely disrupted after earthquakes off Taiwan damaged undersea cables, slowing Internet services and hindering financial transactions, particularly in the currency market. Banks and businesses across the region reported problems with communications, with some telephone lines cut and Internet access slowing to a crawl...
CNN - December 27, 2006
Ethiopia 'seizes key Somali town'
Ethiopian troops have taken control of the major Somalian town of Jowhar after several hours of heavy fighting with Islamist fighters and their force of about 2,000 soldiers advanced toward Balad, about 20 miles northeast of Mogadishu, according to witnesses...
CNN - December 27, 2006
Former President Ford dies at 93
Former President Gerald Ford, who became president in 1974 after the resignation of Richard Nixon, died Tuesday at age 93...
CNN - December 27, 2006
Gerald Ford, 38th President, Dies at 93
Former President Gerald R. Ford was thrust into the presidency in the wake of the Watergate scandal but lost his own bid for election after pardoning President Richard M. Nixon. He occupied the White House for just 896 days, but it was a pivotal period of national introspection...
New York Times - December 27, 2006
Tennis: Querrey gets Open wildcard
American teenager Sam Querrey is among those given wildcards for the Australian Open...
BBC News - December 27, 2006
US to send more troops to Gulf
The US is to send up to 3,300 more troops to Kuwait, officials say, as Washington review Iraq policy...
BBC News - December 27, 2006
Vatican warns Paraguay candidate
The Holy See makes public its displeasure at the decision of a retired bishop to run in Paraguay's poll...
BBC News - December 27, 2006
Ex-U.S. President Ford dies at 93
Gerald R. Ford, who picked up the pieces of Richard Nixon's scandal-shattered White House as the 38th and only unelected president in America's history, has died, his wife, Betty, said Tuesday. He was 93...
CNN - December 27, 2006
Strategy, Not Drama, in ?I Intend to Run in ?08?
On Thursday, John Edwards will join those staging early entries into the 2008 presidential race...
New York Times - December 27, 2006
As Minds Age, What?s Next? Brain Calisthenics
Brain health programs are offering the possibility of a cognitive fountain of youth...
New York Times - December 27, 2006
Gerald R. Ford, Ex-U.S. President, Dies
Former President Gerald R. Ford, who was thrust into the presidency in the wake of the tumultuous Watergate scandal but who lost his own bid for election after pardoning President Richard M. Nixon, has died, according to a statement issued late Tuesday night by his wife, Betty Ford. He was 93...
New York Times - December 27, 2006
World Business Briefing: Iceland: Investor Raises Stake in Amr
The FL Group of Iceland said that it had bought a 5.98 percent stake in the AMR Corporation, parent of American Airlines, making it the company?s third-largest shareholder. FL Group, an investment company that owns 23 percent of the Finnish flag carrier Finnair and has made a string of investments in the airline industry, said it had been building the stake in AMR, the world?s largest carrier in terms of passenger traffic, for some time and had spent more than $400 million...
New York Times - December 27, 2006
World Business Briefing: Germany: Steel Maker Sues Over Dofasco
The German industrial conglomerate ThyssenKrupp said that it had started legal action to secure the acquisition of the Canadian steel producer Dofasco. Thyssen- Krupp lost a bidding war with Arcelor over Dofasco, but during Mittal Steel?s successful battle to acquire Arcelor, Mittal pledged to sell Dofasco to ThyssenKrupp. In November, however, Arcelor Mittal said an independent Dutch-basedtrust now controlling Dofasco had refused to allow its sale. ThyssenKrupp said that the action was intended to secure the release of Dofasco from the foundation and to allow the sale to ThyssenKrupp...
New York Times - December 27, 2006
World Business Briefing: Canada: Nortel Shareholder Deal Advances
Nortel Networks, the maker of telephone equipment, won the approval of two United States judges for cash and stock settlements valued at about $2.4 billion to resolve accounting fraud lawsuits. The two judges, Richard Berman and Loretta Preska of United States District Court in New York, endorsed class-action agreements that Nortel reached in New York with investors. Nortel agreed on Feb. 8 to pay $575 million in cash, with the balance in company shares and insurance proceeds. The investor complaints spanned various accounting manipulations, including inflating revenue from fiber-optic equipment contracts. The accord is subject to approval by Canadian judges. Nortel is based in Toronto...
New York Times - December 27, 2006
World Business Briefing: Japan: a Decline in Retail Sales
Retail sales rose less than expected in November, the Japanese government reported, an indication that consumer spending may struggle to rebound. Receipts at retailers edged up 0.1 percent in November from a month earlier, the trade ministry said. From a year earlier, sales unexpectedly slipped 0.1 percent, ending three months of gains. Sales at department store fell 0.2 percent in November from a year earlier, as unusually warm weather discouraged sales of winter clothes, the Japan Department Stores Association reported. Personal consumption fell 0.9 percent in the third quarter, the biggest decline since the second quarter of 1997, when a new sales tax knocked the wind out of consumers...
New York Times - December 27, 2006
World Business Briefing: Mexico: Trade Deficit Less Than Expected
Mexico?s trade deficit was a smaller-than-expected $1.57 billion in November, the government said. Analysts had forecast the November trade deficit at $1.91 billion, up from $1.23 billion in October. The figure brought the accumulated trade deficit for the first 11 months of 2006, to $4.71 billion. The finance ministry said exports rose 6.3 percent in November from a year ago, to $21.50 billion, while imports were up 6.4 percent, to $23.07 billion...
New York Times - December 27, 2006
World Business Briefing: France: Compensation Sought for Delay
Emirates airline confirmed that it was seeking financial compensation from Airbus, saying it had been ?badly hurt? by a two-year delay in delivery of the superjumbo A380 plane. The airline declined to discuss figures, saying the compensation clauses in the contract to purchase 45 of the planes were confidential. ?We don?t intend to say any more,? the airline said. Airbus, which is based in Toulouse, France, said that discussions with Emirates over compensation were ?nothing new.?...
New York Times - December 27, 2006
World Business Briefing: China: Auto Industry to Face Restraints
China announced measures to restrain the rapid expansion of its automobile industry, saying the sector could face a serious overcapacity problem if trends continued. The National Development and Reform Commission, the country?s top economic planner, called improving the industry?s structure an urgent task. Auto sales in China, the world?s second-largest auto market after the United States, jumped 25 percent in the first 11 months of 2006 from a year earlier, to 6.45 million vehicles...
New York Times - December 27, 2006
World Business Briefing: China: Best Buy to Open Store
The consumer electronics retailer Best Buy is opening its first outlet in China after teaming up with a local partner. Best Buy, which is based in Richfield, Minn., joined with a local electronics chain, the Jiangsu Five Star Appliance Company, to open the store in Shanghai?s busy Xujiahui shopping district. The 80,000-square-foot store, Best Buy?s biggest anywhere and its first outside North America, is to open tomorrow...
New York Times - December 27, 2006
Drug Plan Companies Failed to Tell of Changes
The prescription drug plans were required to inform Medicare beneficiaries of any changes to their costs and benefits...
New York Times - December 27, 2006
Refco Exits Bankruptcy Protection
The onetime futures and commodities broker said it had emerged from bankruptcy protection, a move that will allow the company to wind up its businesses...
New York Times - December 27, 2006
Stocks & Bonds: Absence of Reports Keeps Trading Light
Wall Street rebounded in light trading as lower oil prices encouraged investors to add to their portfolios in the final days of the year...
New York Times - December 27, 2006
Cancer Drug Fails Test, and the Company?s Stock Tumbles
Telik, a biotechnology company, said an experimental cancer treatment failed to improve survival in patients with advanced lung cancer or ovarian cancer...
New York Times - December 27, 2006
Loss at Tyson Means No Bonus for Officials
Tyson Foods has cut the pay of its chairman and chief executive by withholding bonuses after the company suffered its first yearly loss since 1994...
New York Times - December 27, 2006
U.S. Investigates UnitedHealth
The health insurer said securities regulators had started a formal investigation into its options practices...
New York Times - December 27, 2006
Anadarko Gas Fields Sold to Exco
The Anadarko Petroleum Corporation sold natural-gas fields in Louisiana to Exco Resources for $1.6 billion to help cut debt...
New York Times - December 27, 2006
Many Private Planes to Store, but Not Enough Hangars
More companies that perform maintenance for noncommercial aircraft are under increasing pressure to expand or improve the facilities they have...
New York Times - December 27, 2006
Electronics Help Amazon Post Record-Setting Holiday Orders
Web retailer Amazon.com set a single-day sales record on Dec. 11 with more than four million orders placed...
New York Times - December 27, 2006
Cardinal Health Will Settle Inquiry
Cardinal Health agreed to pay $11 million to settle an investigation into improper secondary market trading of pharmaceuticals...
New York Times - December 27, 2006
Brought to You by That Logo on the Hallmark Greeting Card
Advertisers who buy space in Hallmark Magazine can now put their logos on Hallmark flowers, gifts and cards, as part of a growing retail add-on trend...
New York Times - December 27, 2006
A SoHo for the South Boston Waterfront
Developers in Boston see a bright future for Fort Point, a dingy old warehouse district...
New York Times - December 27, 2006
Ruling Upholds Eli Lilly?s Patent on Drug
Eli Lilly won a federal appeals court ruling upholding its patent on Zyprexa, the world?s top-selling schizophrenia drug...
New York Times - December 27, 2006
(A Fading Signal)
The F.C.C.?s decision to no longer require Morse Code proficiency as a condition for an amateur radio license has shaken some ham radio operators...
New York Times - December 27, 2006
Equity Firm Buys Paper in Minnesota
In an unexpected move, The McClatchy Company said it was selling The Star Tribune of Minneapolis to a private equity firm for $530 million...
New York Times - December 27, 2006
The Biggest Private Equity Firms Are Turning Their Focus to Asia
After the extraordinary growth in private equity deals in the U.S. and Europe, more top firms are looking to Asia as the next frontier...
New York Times - December 27, 2006
Small Businesses Fight Fickle Rules
Some entrepreneurs complain that federal contracts set aside for small businesses often go to corporations, and that rules for recourse are rarely enforced...
New York Times - December 27, 2006
Underdog in Insurance Ramps Up
Willis Group Holdings has become the fastest-growing corporate insurance broker, and speculation persists that it wants to buy industry leader Marsh & McLennan...
New York Times - December 27, 2006
Ford Chief Seeks Ideas From Toyota
The discussions reportedly appeared to have centered on environmental technology and manufacturing...
New York Times - December 27, 2006
S.E.C. Changes Reporting Rule on Bosses? Pay
The S.E.C. adopted a rule that will allow companies to report lower total compensation for top executives...
New York Times - December 27, 2006
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