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US News Archive for June 2007:
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2 arrested in snatched girl case
Spanish police arrested an Italian man and Portuguese woman with possible links to Madeleine McCann, the four-year-old British girl who vanished nearly two months ago during a vacation in Portugal...
CNN - June 28, 2007
New Palestinian PM wants to work with Israel
The new Palestinian government is seeking "intensive and active cooperation" with Israel to ensure that the chaos that recently gripped Gaza does not re-emerge in the West Bank, Palestinian Prime Minister Salam Fayyad told CNN on Thursday...
CNN - June 28, 2007
Dozens of Shiites Killed in Baghdad Attacks
BAGHDAD, June 28 ? A spate of grisly attacks believed carried out by Sunni extremists killed dozens of Shiites around Baghdad over the past two days, just ahead of a planned huge march of devout Shiites through Sunni Arab heartlands to the remnants of a revered Shiite shrine...
New York Times - June 28, 2007
White House Rebuffs Congress in Firings Inquiry
The White House said today that it was invoking executive privilege to reject subpoenas for documents...
New York Times - June 28, 2007
Death Penalty for Delusional Murderer Blocked
Enforcing its edict against execution of the insane, a split Supreme Court today overturned the death sentence of Scott Louis Panetti, a delusional Texas murderer...
New York Times - June 28, 2007
Journal Reporters Protest Over Murdoch Bid
Reporters are protesting the expected sale of the newspaper?s parent, Dow Jones & Company, to Rupert Murdoch?s News Corporation, and the fact that they do not have a contract...
New York Times - June 28, 2007
Fed Keeps Interest Rates Steady
The Federal Reserve left its benchmark interest rate unchanged at 5.25 percent on Thursday and signaled that it would keep it at that level for some time...
New York Times - June 28, 2007
Justices End 96-Year-Old Ban on Price Floors
The Supreme Court ruled today that it is no longer automatically unlawful for manufacturers and distributors to agree on setting minimum prices...
New York Times - June 28, 2007
F.D.A. Issues Alert on Chinese Seafood
Catfish, basa, shrimp, dace and eel from China will be allowed into the U.S. only if proven free of contamination...
New York Times - June 28, 2007
A Trade-Off on iPhone Data Speed
Apple and AT&T defended a decision not to use a faster but more limited network for the phone?s wireless Internet connection...
New York Times - June 28, 2007
[TS] High & Low Finance: Bondholders Scream Foul as Tyco Splits
What happens if a company decides to run roughshod over the contract? Will the courts protect the bondholders?...
New York Times - June 28, 2007
Fed keeps rates steady at 5.25%
The US Federal Reserve leaves interest rates at 5.25%, saying it has concerns about inflation...
BBC News - June 28, 2007
US halts Chinese seafood imports
The US halts imports of five types of farmed Chinese seafood, claiming they contain illegal antibiotics...
BBC News - June 28, 2007
US holds rare Burma talks
A senior US official meets Burmese ministers to press for the release of democracy activist Aung San Suu Kyi...
BBC News - June 28, 2007
20 headless bodies found in Iraq
Iraqi police have discovered 20 decapitated bodies in a region southeast of Baghdad where U.S. troops have been targeting insurgent strongholds along the banks of the Tigris River, officials say...
CNN - June 28, 2007
Town mourns cheerleaders killed in fiery crash
They were giddy after a weekend of high school graduation parties, still reminiscing about their triumph at a national cheerleading contest, and were lining up a farewell summer of pool parties and sleep-overs before heading off to college...
CNN - June 28, 2007
Baghdad car bomb kills at least 20
A car bomb has exploded in southern Baghdad, killing at least 20 people and wounding 35 others, an Iraqi Interior Ministry spokesman says...
CNN - June 28, 2007
Senate vote kills immigration bill again
The Senate voted against advancing an immigration reform bill that would allow citizenship for some illegal immigrants already in the country and had been backed by President Bush...
CNN - June 28, 2007
Israeli President to Resign in Plea Bargain
Accused of sexual crimes, the Israeli president agreed today to resign under a plea bargain in which he would not face a jail term or rape charges...
New York Times - June 28, 2007
Bald Eagles No Longer Endangered, U.S. Says
Bald eagles, whose numbers dwindled in the 1960s, are once again flourishing, the interior secretary said today...
New York Times - June 28, 2007
Justices Limit Use of Race in Placement of Students
In a decision of sweeping importance, the Supreme Court today sharply limited the ability of school districts to manage the racial makeup of the student bodies in their schools...
New York Times - June 28, 2007
20 Decapitated Bodies Found Near Baghdad
The grisly discovery in a mostly Sunni village was made on a bloody day in Iraq, as a car bomb attack killed 25...
New York Times - June 28, 2007
Senate Blocks Effort to Revive Immigration Overhaul
The Senate voted today to effectively block efforts to overhaul the nation?s immigration laws, meaning that the issue is most likely dead until after the 2008 elections...
New York Times - June 28, 2007
Rato to step down from IMF post
The International Monetary Fund's managing director, Rodrigo de Rato, is to step down in October...
BBC News - June 28, 2007
Oil prices surge past $70 in US
Oil prices surge past $70, hitting their highest level in 10 months on concerns about short-term supply...
BBC News - June 28, 2007
Football: Fifa to rethink ban
Fifa could scrap its controversial ban on games played at high altitude...
BBC News - June 28, 2007
'Bullet-headache' man's wife held
A US woman faces firearms charges after doctors probing her husband's "headache" find a bullet in his head...
BBC News - June 28, 2007
Flood-hit Texas expects more rain
Central Texas is ready for more storms after heavy rains forced dozens of residents to flee flooded homes...
BBC News - June 28, 2007
Nineteen die in Rio slum battle
Fighting between Brazilian police and drug gangs in a teeming slum in Rio de Janeiro leaves 19 people dead...
BBC News - June 28, 2007
US rejects school action on race
The US Supreme Court rules that the race of a child cannot be used to determine the school he or she goes to...
BBC News - June 28, 2007
White House firm on prosecutors
The White House rejects Congressional demands for documents relating to the firing of federal prosecutors...
BBC News - June 28, 2007
Brown begins Cabinet reshuffle
Newly installed British Prime Minister Gordon Brown has started appointing members of his cabinet in a re-shuffle expected to be the biggest shake-up in government since the Labour Party came to power in 1997...
CNN - June 28, 2007
White House Is Subpoenaed on Wiretapping
The Senate Judiciary Committee sent subpoenas to the White House, the vice president?s office and the Justice Department, setting the stage for a showdown...
New York Times - June 28, 2007
Wider Sale Is Seen for Toothpaste Tainted in China
Roughly 900,000 tubes containing a poison have turned up in hospitals for the mentally ill, prisons and even some hospitals serving the general public...
New York Times - June 28, 2007
CIA's troubled past
The release of CIA documents detailing the agency's past misdeeds prompt some to draw comparisons with today, the BBC's Andy Gallacher says...
BBC News - June 28, 2007
Whisky strength boost for Diageo
Strong demand for Scotch whisky in the US and Latin America boosts trading at drinks giant Diageo...
BBC News - June 28, 2007
Brazil beaten as Copa America shocks continue
Copa America defending champions Brazil are beaten by Mexico, while Chile defeat Ecuador...
BBC News - June 28, 2007
Fujimori 'to run' in Japan poll
Former Peruvian President Alberto Fujimori, under house arrest in Chile, says he will run for office in Japan...
BBC News - June 28, 2007
Thirteen die in Rio slum battle
Fighting between Brazilian police and drug gangs in a teeming slum in Rio de Janeiro leaves at least 13 dead...
BBC News - June 28, 2007
Asia battles storms' aftermath
Pakistani rescue workers are struggling to reach villagers, some stranded in trees, after a cyclone hit the coast, while in India, snakes and scorpions hampered efforts to help storm victims...
CNN - June 28, 2007
TV Watch: Hilton Says She Is a Changed Woman
Paris Hilton read aloud her prison writings as if she had spent a lifetime on Robben Island, and that was surely the highlight of the heiress/actress?s first television interview since her release from jail...
New York Times - June 28, 2007
Lake Tahoe Fire Hits Year-Round Residents
The blaze has seemingly laid to waste that notion that all those who live on Lake Tahoe are rich and invulnerable...
New York Times - June 28, 2007
Patrons? Sway Leads to Friction in Charter School
A clash at a charter school in New York has exposed fault lines of wealth and class that are perhaps inevitable as philanthropists increasingly invest in public education...
New York Times - June 28, 2007
Supreme Court Memo: Even in Agreement, Scalia Puts Roberts to Lash
Justice Antonin Scalia has lifted the curtain a bit on the differences within the powerful five-justice conservative bloc in the Supreme Court...
New York Times - June 28, 2007
New Senators Resist Overhaul of Immigration
Three moderate Democratic freshmen are complicating efforts to pass the proposed immigration overhaul...
New York Times - June 28, 2007
Subpoenas Sent to White House on Wiretapping
The Senate Judiciary Committee sent subpoenas to the White House, vice president?s office and the Justice Department...
New York Times - June 28, 2007
Tina Brozman, 54, Former Judge and Bankruptcy Law Innovator, Dies
The former chief judge of the U.S. Bankruptcy Court for the Southern District of New York helped change international bankruptcy law...
New York Times - June 28, 2007
World Business Briefing: Poland: Central Bank Raises Benchmark Interest Rate
Poland?s central bank unexpectedly raised its benchmark interest rate, for a second time this year, on concern that wage growth will force companies to increase prices. The Monetary Policy Council, which is led by the central bank, lifted the seven-day reference rate a quarter-point, to 4.5 percent. ?It is possible that wage pressure will continue to grow, strengthening inflation pressure,? the council said after the meeting. It said inflation might temporarily slow in the third quarter, helped by the healthy financial standing of companies and growing competition among service providers and goods producers. The inflation rate, at 2.3 percent in May, is nearing the central bank?s mid-range target rate of 2.5 percent...
New York Times - June 28, 2007
World Business Briefing: China: Playboy to Open Entertainment Complex in Macao
Playboy Enterprises will open a 40,000-square-foot entertainment complex, the Playboy Mansion Macao, with dining, entertainment and retail shops, in Macao in late 2009, the chief executive, Christie Hefner, said. The complex will be part of the Macao Studio City complex, with the gambling operations run by a casino operator, Melco International Development, Ms. Hefner, left, said in an interview in Macao. Macao Studio City, a $2 billion joint venture between the Hong Kong-listed ESun Holdings and partners including Silver Point Capital, is next to the Lotus Bridge, which will link Macao and the mainland Chinese city of Zhuhai. It will include a film studio, a million-square-foot shopping mall, and gambling and convention sites...
New York Times - June 28, 2007
World Business Briefing: Japan: Industrial Production Dropped in May
Japan?s industrial production unexpectedly dropped in May for a third month, the longest losing streak in almost two years. Production fell a seasonally adjusted 0.4 percent from a month earlier, the Ministry of Economy, Trade and Industry said. Slower production diminishes hopes that economic growth will accelerate, in contrast with other reports released in the last week, which said that export growth almost doubled to 15.1 percent in May and retail sales gained for the first time in eight months. The Bank of Japan?s governor, Toshihiko Fukui, said this month that the bank needed more evidence of the economy?s strength before it raises the key interest rate from 0.5 percent...
New York Times - June 28, 2007
Equity Firm Is Acquiring Guitar Center
The Guitar Center said it had agreed to be acquired by the private equity firm Bain Capital Partners for about $1.9 billion...
New York Times - June 28, 2007
New Film Studio Planned
Two Hollywood veterans announced plans to form a new independent film company with $200 million in financing secured from a consortium of private investors...
New York Times - June 28, 2007
Best Buy to Buy Back Stock
The electronics retailer said it would immediately start a $5.5 billion buyback program and raise its quarterly dividend nearly a third...
New York Times - June 28, 2007
Movie Association Sues 2 Internet Sites
The Motion Picture Association of America sued YouTVpc and Peekvid.com, claiming they illegally post copyrighted material...
New York Times - June 28, 2007
Earnings Up 4.2% at Bed Bath & Beyond
The home-furnishings retailer said first-quarter profit rose after customers bought less bedding and curtains as home sales slowed...
New York Times - June 28, 2007
Fidelity National, a Payment Processor, Is Buying eFunds
The electronic-payment processor agreed to buy a rival, the eFunds Corporation, for about $1.8 billion to bolster its debit card business...
New York Times - June 28, 2007
CommScope to Buy Andrew Corporation
The maker of cable for communications companies has agreed to buy the Andrew Corporation for about $2.6 billion to bolster sales to mobile phone and wireless Internet companies...
New York Times - June 28, 2007
Rigases Told to Report to Prison
The founder of the Adelphia cable TV company, John J. Rigas, and his son Timothy J. Rigas were ordered to report to prison on Aug. 13...
New York Times - June 28, 2007
A State Questions UBS Ties to Hedge Funds
UBS, Europe?s largest bank by assets, was accused by Massachusetts regulators of ?dishonest and unethical? practices in dealings with hedge fund advisers...
New York Times - June 28, 2007
Blockbuster Settles Fight With Netflix
A patent dispute challenged Blockbuster?s entry into online DVD rental. The company also signaled that the new business was taking a toll on its finances...
New York Times - June 28, 2007
Stocks & Bonds: Shares Climb on Takeovers and Earnings
Investors still appeared skittish ahead of the Federal Reserve?s interest rate decision...
New York Times - June 28, 2007
Profit Triples at ConAgra
Fourth-quarter profit more than tripled at ConAgra Foods as a result of strong results from its commodities trading division...
New York Times - June 28, 2007
Capital One Says It Will Cut 2,000 Jobs
The reduction of a little more than 6 percent of its work force was part of a cost-cutting program designed to save $700 million by 2009...
New York Times - June 28, 2007
Southwest to Slow Growth
The company will add fewer planes to its fleet and will tweak its flight schedule as it grapples with a slowing economy and high fuel costs...
New York Times - June 28, 2007
F.T.C. Urges Caution on Net Neutrality
The chairwoman of the Federal Trade Commission recommended against additional regulation of high-speed Internet traffic...
New York Times - June 28, 2007
Citigroup Unit in Australia Cleared of Insider Trading
Citigroup was cleared of insider trading in Australia in a case that challenged the way investment banks operate...
New York Times - June 28, 2007
Orders Fall for High-Cost Factory Goods
The drop was the largest amount in four months as demand for aircraft, heavy machinery and metals all declined...
New York Times - June 28, 2007
Treasury Secretary Announces Broad Review of U.S. Markets
The move to start a formal review of how the U.S. regulates financial markets and hedge funds comes amid concerns over competition from overseas trading capitals...
New York Times - June 28, 2007
2 Lawsuits Against Maker of Toy Trains
Two complaints demanded the RC2 Corporation provide medical monitoring to children who may have ingested lead paint from its products...
New York Times - June 28, 2007
European Regulator Blocks Ryanair Bid for Aer Lingus
The top European regulator showed a willingness to intervene despite the overturning of past merger prohibitions in court...
New York Times - June 28, 2007
Second Company Bids for Canadian Newspapers
A chain of small newspapers that was once among Conrad M. Black?s Canadian holdings became the object of a bidding war...
New York Times - June 28, 2007
Wells Fargo and Ex-Analyst Are Fined
Wells Fargo and its former director of research were fined for failing to disclose in a research report that an analyst had taken a job with the company she was recommending...
New York Times - June 28, 2007
Jury Begins Deliberations in Black Trial
The jury of six women and six men deliberated for about two and a half hours before recessing for the day...
New York Times - June 28, 2007
Wells Fargo Gives Next Chief an Early Start
John G. Stumpf, Wells Fargo?s chief operating officer, has become chief executive a year and a half earlier than expected...
New York Times - June 28, 2007
Senators to Push for Registry of Drug Makers? Gifts to Doctors
A Senate hearing about money and gifts that drug makers routinely provide to doctors did not go well for the drug industry Wednesday...
New York Times - June 28, 2007
Building Companies the Women?s Way
Ladies Who Launch, a women?s network organization, sponsors meetings aimed at getting women with entrepreneurial ideas off on the right foot...
New York Times - June 28, 2007
Food-Safety Crackdown in China
Chinese regulators closed 180 food plants after a nationwide inspection found thousands of violations of food safety rules...
New York Times - June 28, 2007
New Commitment to Charity by Mexican Phone Tycoon
Carlos Slim Helú may be the richest man in the world. And in Mexico, where millions live in poverty, that distinction has been drawing heat...
New York Times - June 28, 2007
Liz Claiborne, Clothes Designer Who Kept the Professional Woman in Mind, Dies at 78
She defied the male-dominated ranks of the fashion industry and started her own hugely successful company...
New York Times - June 28, 2007
Asia?s Long Road to Recovery
The financial crisis that rocked Asia a decade ago is past, but in the countries most affected, a sense of loss persists...
New York Times - June 28, 2007
A New Genre on Wall St.: Bailout Blog
The blog of a Bear Stearns executive offers insights into the investment bank?s response to the near collapse of two hedge funds...
New York Times - June 28, 2007
Advertising: Nielsen Adds to Cellphone Tracking
Cellphones are becoming ubiquitous and the Nielsen Company, the longtime monitor of television consumption, wants in...
New York Times - June 28, 2007
Tentative Dow Jones Sale Pact Said to Give Murdoch Power to Hire and Fire at The Journal
It remains to be seen how the Bancrofts ? most of whom have not been told what was in the agreement ? will react...
New York Times - June 28, 2007
Alitalia Seeks Another Suitor After Aeroflot Withdraws
Aeroflot said it was withdrawing because its advisers had not been given access to what it called critical information on Alitalia?s business...
New York Times - June 28, 2007
Wider Sale Seen for Toothpaste Tainted in China
Roughly 900,000 tubes containing a poison have turned up in hospitals for the mentally ill, prisons, juvenile detention centers and even some hospitals...
New York Times - June 28, 2007
Economic Scene: An iPod Has Global Value. Ask the (Many) Countries That Make It.
If an iPod costs $299, who gets that money? You might be surprised...
New York Times - June 28, 2007
State of the Art: Often-Asked iPhone Questions
Just how much of a phone, an iPod and an Internet machine is this thing?...
New York Times - June 28, 2007
'Thirteen die' in Rio slum battle
At least 13 people are reported killed in fighting between police and gangsters in Rio de Janeiro, Brazil...
BBC News - June 28, 2007
Chavez in Russia for arms talks
Venezuelan President Hugo Chavez arrives in Russia for talks likely to focus on military co-operation...
BBC News - June 28, 2007
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