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US News Archive for November 2007:
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City Room: Quips Fly at Debate on Plastic Bags
A report from the City Council?s first hearing on a bill that would require stores of at least 5,000 square feet to allow for plastic-bag recycling...
New York Times - November 29, 2007
The Lede Blog: Somali Pirates Face 2 New Threats
If two initiatives succeed, Somali pirates could be severely constrained...
New York Times - November 29, 2007
Bush Presses Congress for Iraq Money
The White House began a new offensive against Congressional Democrats today over money for the Iraq war...
New York Times - November 29, 2007
Senator Rejects Bush Privilege Claim
A Senate chairman ruled illegal the president?s executive privilege claims protecting John Bolten and Karl Rove from subpoenas for information about the firings of U.S. attorneys...
New York Times - November 29, 2007
Broadway, Restaged
The curtains are up, the marquees are glowing, the Playbills are once again stacked in their neat little piles. Now what?...
New York Times - November 29, 2007
On Facts, Giuliani Sometimes Stretches Them
Both Rudolph W. Giuliani?s Republican rival Mitt Romney and Democrats have accused him of a pattern of misleading figures and have begun to use the issue to try to undercut his credibility...
New York Times - November 29, 2007
Settlement in Freelancers? Case Is Voided
The decision reopens an issue that was settled in 2005 after years of negotiations over claims by freelance writers that their contracts did not allow for electronic publication of their work...
New York Times - November 29, 2007
Oil Prices Recover After Pipeline Blast
U.S. oil surged more than $4 a barrel before easing back after a pipeline blast in Minnesota that killed two workers and briefly choked off imports...
New York Times - November 29, 2007
High & Low Finance: Capital Is King Once Again
The most important question for the markets now is this: With the theory of riskless risky lending thoroughly discredited, where will new financing come from?...
New York Times - November 29, 2007
Producer of Poisonous Toy Beads Issues Apology
The chairman of the Hong Kong company that manufactured millions of the toy beads said the firm had not considered the possibility that the chemicals in the beads might be poisonous...
New York Times - November 29, 2007
Regeneron?s Supermouse Lures Sanofi?s Money
Sanofi-Aventis said today that it would make significant payments to collaborate with Regeneron and use its genetically engineered mouse to develop new drugs...
New York Times - November 29, 2007
Stocks Post Moderate Gains Amid Mixed Economic Signals
Stocks finished moderately higher following two days of sharp gains and after economic readings painted a mixed picture...
New York Times - November 29, 2007
Sears Barely Shows a Profit; Stock Falls 11%
The owner of Sears and Kmart said profit for the third quarter plunged an eye-popping 99 percent as customers flocked to rival stores during the back-to-school season...
New York Times - November 29, 2007
Dell Reports 26% Rise in Quarterly Earnings
Dell reported today that third-quarter net income increased 26 percent to $766 million, or 34 cents a share, on sales of $15.6 billion...
New York Times - November 29, 2007
Morgan Stanley Announces Executive Shake-Up
Zoe Cruz, a co-president and one of the highest-ranking women on Wall Street, is leaving the investment bank in the latest management change since the summer?s credit turmoil...
New York Times - November 29, 2007
Florida Halts Withdrawals From Investment Pool
Florida officials suspended withdrawals from a state-operated investment pool today, abruptly halting a run by local governments after the downgrade of its mortgage-related holdings...
New York Times - November 29, 2007
Facebook Users Protest Online Tracking
More than 50,000 Facebook members have signed a petition objecting to a new advertising program that sends messages to users? friends about what they are buying online...
New York Times - November 29, 2007
Fed Chief Offers New Hint on a Rate Cut
Ben S. Bernanke said a ?fresh wave of investor concern? led to tougher credit conditions that posed new risks to the economy, reinforcing views that the Fed will cut interest rates at its next meeting...
New York Times - November 29, 2007
Sears quarterly profits slump 99%
Retailer Sears sees quarterly profits tumble 99%, after poor sales at its Sears and Kmart outlets...
BBC News - November 29, 2007
Dot Earth Blog: Christmas Trees Go Green
New York City?s Rockefeller Center Christmas tree, illuminated last night, shines this year not with old-style incandescent bulbs but with 30,000 electricity-sipping light-emitting diodes, powered in part with solar panels. And there are signs of spreading green tree envy...
New York Times - November 29, 2007
City Room: City Room: A Milestone for Raymond Kelly
At year's end, Raymond W. Kelly will become the longest-serving police commissioner in more than half a century. The post has had a profound influence on the reputations and legacies of New York's mayors...
New York Times - November 29, 2007
The Lede Blog: The Iraqi Spy Who Did Nothing
A judge sentences Sami Khoshaba Latchin, an Iraqi sleeper agent who "wasn't very effective."...
New York Times - November 29, 2007
Former Rep. Henry Hyde Is Dead at 83
The Illinois Republican was an opponent of abortion and a leader of the impeachment effort against Bill Clinton...
New York Times - November 29, 2007
Strike Settled, Broadway Races to Reopen Shows
The theater district buzzed today as Broadway prepared to revive a season interrupted by a 19-day strike by stagehands...
New York Times - November 29, 2007
Smithfield Foods Profit Down 61%
The meat producer said its fiscal second-quarter profit dropped 61 percent due to hefty charges related to a swine fever outbreak, higher costs and lower hog prices...
New York Times - November 29, 2007
Warner Music Profit Declines
The recording company said its fourth-quarter profit fell 58 percent to $5 million due to a challenging recorded music environment, but the results topped analyst estimates...
New York Times - November 29, 2007
Heinz Profit Up 19% on Higher Sales
The food company said 2nd-quarter profit was fueled by robust growth in Europe and infant nutrition sales. The results exceeded Wall Street estimates...
New York Times - November 29, 2007
Advertising: Once a Mainstay of Magazines, Cigarette Makers Drop Print Ads
R. J. Reynolds said that starting next year it would stop running cigarette ads in consumer magazines and newspapers for brands like Camel, Winston and American Spirit...
New York Times - November 29, 2007
Oil Soars After Fire Shuts Key Canada-U.S. Pipeline
A fire crippled the biggest pipeline supplying Canadian crude to U.S. Midwest refineries, sending crude oil prices up more than $4 a barrel to just over $95 in early trading...
New York Times - November 29, 2007
Sears Holdings Profit Plunges
The operator of Sears and Kmart stores said 3rd-quarter profit plummeted due to a $223 million drop in gross margin, reflecting lower sales and inventory-clearing markdowns...
New York Times - November 29, 2007
Economy Grew 4.9% in Summer; New-Home Sales Up Slightly
The growth was the strongest in four years, but isn?t expected to last through the current quarter. New-home sales edged up in October but sales activity still hovered near an 11-year low...
New York Times - November 29, 2007
E-Trade Gets $2.5 Billion Infusion; Chief Resigns
The discount broker disclosed the $2.5 billion capital infusion from a group led by Citadel Investment today and said Mitchell H. Caplan has stepped down as chief executive...
New York Times - November 29, 2007
White House Issues Upbeat Economic Forecast
The administration?s forecast calls for ?solid growth? through next year, a prediction that is more optimistic than those of the Federal Reserve and many Wall Street analysts...
New York Times - November 29, 2007
Stocks Mixed After 2-Day Rally
Stocks fluctuated as investors reacted to a jump in U.S. jobless claims and a profit drop at Sears ahead of a speech in the evening by the Federal Reserve chairman...
New York Times - November 29, 2007
U.S. Says China Agrees to End Some Subsidies
Bowing to U.S. pressure on the eve of economic talks, China agreed today to end a dozen trade subsidies...
New York Times - November 29, 2007
As Lenders Tighten Flow of Credit, Growth at Risk
Credit flowing to American companies is drying up at a pace not seen in decades, intensifying fears of recession...
New York Times - November 29, 2007
US reduces 2008 growth forecast
The US lowers its 2008 economic growth forecast amid ongoing housing and credit market problems.
grew more quickly than previously thought between July and September, figures show...
BBC News - November 29, 2007
China 'ends illegal tax breaks'
China ends tax breaks for local manufacturers, which the US said gave them an unfair advantage over rivals...
BBC News - November 29, 2007
More Cubans seized off US coast
The US Coast Guard says it has intercepted the highest number of Cuban migrants since 1994...
BBC News - November 29, 2007
Clinton impeacher Hyde dead at 83
Veteran congressman Henry Hyde who led efforts to impeach former US President Bill Clinton dies aged 83...
BBC News - November 29, 2007
Ecuador forum mulls key reforms
A new assembly elected to rewrite Ecuador's constitution begins work on reforms urged by President Rafael Correa...
BBC News - November 29, 2007
Dot Earth: James Hansen?s New Call for Climate Action
James E. Hansen of NASA has elaborated on what he meant when he recently described continued coal burning as akin to sending untold species to their destruction in...
New York Times - November 29, 2007
Microsoft Challenges the iPod (Again)
The new Zune photo/video/music player fixes many mistakes that made the original Zune a washout...
New York Times - November 29, 2007
The Pour-Me-Into-It Party Dress
Last year?s blobby thigh-high party dresses have been replaced with dresses that are not necessarily more conservative...
New York Times - November 29, 2007
Not Down and Out in Moscow
Fueled by an oil boom, the Russian capital seems as awash in cash as Dallas was in its heyday and all the millionaires have to shop somewhere...
New York Times - November 29, 2007
Writers? Strike Leads to End of Debate Plan
Amid labor disputes between television writers and CBS, the Democratic National Committee announced that it was canceling the debate among Democratic candidates scheduled for Dec. 10...
New York Times - November 29, 2007
Britain: Plumbing Supplier to Cut Jobs in U.S.
Wolseley, the world?s largest distributor of plumbing products, said yesterday that it was cutting 1,300 more jobs in the United States as it sought to cut costs amid the struggling housing market. Wolseley has already eliminated 1,700 jobs in the United States and said it would cut 1,300 more in its second quarter. The cuts represent about 5 percent of its total work force...
New York Times - November 29, 2007
South Africa: Phone Company Ends Takeover Talks
Telkom South Africa abandoned talks to sell its mobile and fixed-line phone assets to the Vodafone Group and the MTN Group, ending the possibility of South Africa?s biggest takeover. Vodafone, which owns 50 percent of Vodacom Group, South Africa?s largest cellphone company, was in talks to buy the other half from Telkom. The MTN Group was negotiating to buy Telkom?s fixed-line business...
New York Times - November 29, 2007
Belgium: Glass Makers Fined in Price-Fixing Case
The Guardian Industries Corporation and three other companies were fined $724 million by European regulators who said they fixed the price in Europe of flat glass used to make windows, fire-resistant glass and mirrors. The four companies were Guardian, based in Auburn Hills, Mich.; Compagnie de Saint-Gobain of France; the Pilkington Group of Britain; the Asahi Glass Company of Japan...
New York Times - November 29, 2007
Italy: Analysts Warn of Alitalia?s Valuation
Alitalia, the unprofitable airline that the Italian government is trying to sell, may have no value because labor costs remain too high compared with its peers, Deutsche Bank?s European airline analysts said. The airline, the largest carrier in Italy, will struggle to cut personnel expenses further without clashing with unions, the analysts said. Cutting labor costs will be hard for Alitalia without a bankruptcy filing, they said...
New York Times - November 29, 2007
Canada: Bombardier Names Chief and Posts Profit
Bombardier, the global airplane and train maker, said it had named Pierre Beaudoin as its chief executive, taking over from his father, Laurent Beaudoin, who will remain chairman. The move comes as Bombardier reported an almost 23 percent increase in third-quarter profit amid strong orders for trains and planes. Earnings rose to $91 million, or 5 cents a share, despite bad publicity in the quarter over several crash landings of one of its turboprop aircraft as a result of landing gear failure. Pierre Beaudoin, above, currently president and chief operating officer of the aerospace unit, will become chief executive effective with the next annual meeting on June 4...
New York Times - November 29, 2007
Fox Station Challenged on Renewal of License
More than 100 people Wednesday debated how well WWOR-TV, Channel 9, is fulfilling its mandate to provide coverage of issues important to the residents of northern New Jersey...
New York Times - November 29, 2007
Senator Criticizes Genentech?s Limits on a Cheaper Drug
Genentech?s plan to restrict the availability of Avastin so doctors cannot use it instead of a more expensive medicine for eye disease will cost taxpayers $1 billion to $3 billion a year...
New York Times - November 29, 2007
Prudential Officer Gets Chief?s Post
The vice chairman of Prudential Financial, John R. Strangfeld, will succeed Arthur F. Ryan by taking over as chief executive and will later become the board chairman...
New York Times - November 29, 2007
Subprime Woes Hit Norwegian Brokerage
The brokerage firm Terra Securities said it would file for bankruptcy protection because of accusations it made four remote towns victims of subprime problems in the United States...
New York Times - November 29, 2007
Like Marriage, Business Takes Work
For some business partners, help for a struggling relationship can come from a variation on the couple?s counselor: the business therapist...
New York Times - November 29, 2007
Court Awards Damages to Reporter Whose Home Was Raided
A European court has awarded damages to an investigative journalist whose home was raided and computers confiscated after he published articles alleging fraud within the E.U...
New York Times - November 29, 2007
Ending Dispute, Starbucks Is to Help Ethiopian Farmers
After a dispute that turned into a public relations problem, Starbucks said that it would open a center to help Ethiopian coffee farmers improve the profitability of their crops...
New York Times - November 29, 2007
Ford Agrees to Give Vouchers in Rollover Suit
The settlement, which applies to Explorers in model years 1991 through 2001, will allow vehicle owners to apply for $500 vouchers to buy Explorers or $300 vouchers to buy other Ford or Lincoln Mercury products...
New York Times - November 29, 2007
American Airlines Parent Plans to Shed Regional Carrier
The decision to shed the American Eagle regional airline unit came after an investor group called on the parent company of American Airlines to bolster its stock price by getting rid of some operations...
New York Times - November 29, 2007
Banking Giant Wachovia Settles With Regulator
The banking giant Wachovia will pay $300,000 to settle claims that it failed to disclose conflicts of interest in research reports by analysts, the Financial Industry Regulatory Authority said yesterday...
New York Times - November 29, 2007
State-Run Florida Fund Hit by Withdrawals
School districts and local governments in Florida have pulled $8 billion out of a state-run investment pool after learning that the money market fund contained more than $700 million of defaulted debt...
New York Times - November 29, 2007
Stronger Warnings Advised on Asthma Drug
Federal regulatory advisers have recommended strengthening safety warnings on GlaxoSmithKline?s asthma drug Serevent amid reports of deaths in children taking the treatment...
New York Times - November 29, 2007
China to Let Market Forces Weigh on Value of Yuan
China will allow market forces to exert more influence over the value of the yuan as the country moves toward a fully convertible currency...
New York Times - November 29, 2007
Qualcomm Chief Welcomes iPhone?s Spread
The chief executive of Qualcomm gave the iPhone credit for making consumers more eager for third-generation cellphone networks...
New York Times - November 29, 2007
Bush Economic Adviser to Be Replaced by His Deputy
Keith B. Hennessey will succeed Allan B. Hubbard as chairman of the National Economic Council...
New York Times - November 29, 2007
S.E.C. Bars Investors? Directors
The Securities and Exchange Commission ruled yesterday that public companies could block investors from putting director candidates on corporate ballots, a major setback for shareholders seeking a greater say in boardroom affairs...
New York Times - November 29, 2007
Once a Mainstay of Magazines, Cigarette Makers Are Dropping Print Ads
The R. J. Reynolds Tobacco Company disclosed this week that it would run no ads in 2008 in consumer magazines and newspapers for cigarette brands like Camel, Winston, Pall Mall and American Spirit...
New York Times - November 29, 2007
Supreme Court Weighs Maine?s Tobacco Law
The latest battleground in the federalism wars at the Supreme Court is an unlikely one: the state of Maine, which is trying to prevent underage consumers from buying cigarettes over the Internet...
New York Times - November 29, 2007
3 Bankers Plead Guilty in Case Tied to Enron
After more than two years awaiting trial in the United States on Enron-related charges, three British bankers pleaded guilty Wednesday in federal court to one count each of wire fraud...
New York Times - November 29, 2007
Bear Stearns Announces New Round of Job Cuts
The investment bank will cut 650 jobs in all departments from its work force of about 15,500...
New York Times - November 29, 2007
Lawyer Battling for Katrina Payments Is Indicted
Richard F. Scruggs, a prominent trial lawyer who has been fighting insurance companies over payments for damage from Hurricane Katrina, was indicted Wednesday on federal bribery charges...
New York Times - November 29, 2007
An Airline Shrugs at Oil Prices
Southwest Airlines could soon be standing head and shoulders above the competition because it loaded up years ago on hedges against higher fuel prices...
New York Times - November 29, 2007
$200 Billion to Invest, but in China
In contrast to other sovereign wealth funds, China?s state-run investment fund has no immediate plans to take a large stake in any foreign company...
New York Times - November 29, 2007
Dow Surges on Hints of a Cut in Interest Rates
The Dow soared to its biggest one-day gain in more than four years on Wednesday after a top Federal Reserve official hinted at another interest rate cut...
New York Times - November 29, 2007
Size Limits for Cable Look Likely
The head of the F.C.C. has proposed quick adoption of a rule that would prevent Comcast, the nation?s largest cable company, from growing larger...
New York Times - November 29, 2007
For Toddlers, Toy of Choice Is Tech Device
Laptops, digital cameras and MP3 music players are among the hottest gift items this year. For preschoolers...
New York Times - November 29, 2007
As Lenders Tighten Flow of Credit, Growth at Risk
Credit flowing to American companies is drying up at a pace not seen in decades, intensifying worries that a recession is near...
New York Times - November 29, 2007
Pipeline blaze raises oil price
Oil prices increase on news that a fire at a Minnesota oil terminal could burn for three days - trimming US supplies...
BBC News - November 29, 2007
Ford settles Explorer litigation
Car firm Ford settles a class action lawsuit about whether its Explorer vehicles were liable to rolling over...
BBC News - November 29, 2007
Bolivian strikers vow more action
Bolivian opposition leaders promise more protests after a one-day against plans for a radical new constitution...
BBC News - November 29, 2007
Yahoo to put adverts in PDF files
Yahoo and Adobe reach a deal to allow advertising to be put in PDF files listed on websites or sent by e-mail...
BBC News - November 29, 2007
Stagehands end Broadway strike
An agreement ends a strike by New York stagehands which shut down more than 20 Broadway shows...
BBC News - November 29, 2007
Republicans hold YouTube debate
US Republican presidential hopefuls Rudy Giuliani and Mitt Romney clash as people submit questions via YouTube...
BBC News - November 29, 2007
Carpetbagger Blog: Sundance Rolls Out Its Picks
Sundance announces its 2008 line-up...
New York Times - November 29, 2007
City Room: How to Avoid Open House Thefts
After two women were charged with looting expensive Upper East Side apartments during open houses, real estate agents have offered tips for keeping property safe when showing your home...
New York Times - November 29, 2007
Study Sees Signs of Obesity Rates Stalling
Obesity rates in women have leveled off and stayed steady since 1999, long enough for researchers to say the plateau appears to be real...
New York Times - November 29, 2007
America's Music: A Rural Dance Tradition in Twilight
In the isolated farmland counties of eastern Nebraska, polka helps tie people together...
New York Times - November 29, 2007
Immigration at Record Level, Analysis Finds
One in eight people living in the United States is an immigrant, a new survey found, for a total of 37.9 million people ? the highest level since the 1920s...
New York Times - November 29, 2007
G.O.P. Rivals Exchange Jabs in Testy Debate
The Republican candidates confronted one another in slashing encounters that reflected the wide-open nature of the race in the final sprint toward the Iowa caucuses...
New York Times - November 29, 2007
Concussions Leave College Players in Murky World
While the N.F.L. has adopted guidelines for concussions, no rules govern how they are treated in college football...
New York Times - November 29, 2007
Six Killers: Lung Disease: From Smoking Boom, a Major Killer of Women
Chronic obstructive pulmonary disease, a progressive illness that permanently damages the lungs, has become a major killer in women as well...
New York Times - November 29, 2007
Stagehands End Walkout on Broadway
The settlement brought to an end a strike that had shuttered most of Broadway for 19 days and disrupted the plans of thousands of theatergoers...
New York Times - November 29, 2007
The Pour-Me-Into-It Party Dress
Last year?s blobby thigh-high party dresses have been replaced with dresses that are not necessarily more conservative...
New York Times - November 29, 2007
Writers? Strike Leads to End of Debate Plan
Amid labor disputes between television writers and CBS, the Democratic National Committee announced that it was canceling the debate among Democratic candidates scheduled for Dec. 10...
New York Times - November 29, 2007
World Business Briefing | Europe: Britain: Plumbing Supplier to Cut Jobs in U.S.
Wolseley, the world?s largest distributor of plumbing products, said yesterday that it was cutting 1,300 more jobs in the United States as it sought to cut costs amid the struggling housing market. Wolseley has already eliminated 1,700 jobs in the United States and said it would cut 1,300 more in its second quarter. The cuts represent about 5 percent of its total work force...
New York Times - November 29, 2007
World Business Briefing | Africa: South Africa: Phone Company Ends Takeover Talks
Telkom South Africa abandoned talks to sell its mobile and fixed-line phone assets to the Vodafone Group and the MTN Group, ending the possibility of South Africa?s biggest takeover. Vodafone, which owns 50 percent of Vodacom Group, South Africa?s largest cellphone company, was in talks to buy the other half from Telkom. The MTN Group was negotiating to buy Telkom?s fixed-line business...
New York Times - November 29, 2007
World Business Briefing | Europe: Belgium: Glass Makers Fined in Price-Fixing Case
The Guardian Industries Corporation and three other companies were fined $724 million by European regulators who said they fixed the price in Europe of flat glass used to make windows, fire-resistant glass and mirrors. The four companies were Guardian, based in Auburn Hills, Mich.; Compagnie de Saint-Gobain of France; the Pilkington Group of Britain; the Asahi Glass Company of Japan...
New York Times - November 29, 2007
World Business Briefing | Americas: Canada: Bombardier Names Chief and Posts Profit
Bombardier, the global airplane and train maker, said it had named Pierre Beaudoin as its chief executive, taking over from his father, Laurent Beaudoin, who will remain chairman. The move comes as Bombardier reported an almost 23 percent increase in third-quarter profit amid strong orders for trains and planes. Earnings rose to $91 million, or 5 cents a share, despite bad publicity in the quarter over several crash landings of one of its turboprop aircraft as a result of landing gear failure. Pierre Beaudoin, above, currently president and chief operating officer of the aerospace unit, will become chief executive effective with the next annual meeting on June 4...
New York Times - November 29, 2007
World Business Briefing | Europe: Italy: Analysts Warn of Alitalia?s Valuation
Alitalia, the unprofitable airline that the Italian government is trying to sell, may have no value because labor costs remain too high compared with its peers, Deutsche Bank?s European airline analysts said. The airline, the largest carrier in Italy, will struggle to cut personnel expenses further without clashing with unions, the analysts said. Cutting labor costs will be hard for Alitalia without a bankruptcy filing, they said...
New York Times - November 29, 2007
Senator Criticizes Genentech?s Limits on a Cheaper Drug
Genentech?s plan to restrict the availability of Avastin so doctors cannot use it instead of a more expensive medicine for eye disease will cost taxpayers $1 billion to $3 billion a year...
New York Times - November 29, 2007
Fox Station Challenged on Renewal of License
More than 100 people Wednesday debated how well WWOR-TV, Channel 9, is fulfilling its mandate to provide coverage of issues important to the residents of northern New Jersey...
New York Times - November 29, 2007
Prudential Officer Gets Chief?s Post
The vice chairman of Prudential Financial, John R. Strangfeld, will succeed Arthur F. Ryan by taking over as chief executive and will later become the board chairman...
New York Times - November 29, 2007
Shifting Careers: Like Marriage, Business Takes Work
For some business partners, help for a struggling relationship can come from a variation on the couple?s counselor: the business therapist...
New York Times - November 29, 2007
Ending Dispute, Starbucks Is to Help Ethiopian Farmers
After a dispute that turned into a public relations problem, Starbucks said that it would open a center to help Ethiopian coffee farmers improve the profitability of their crops...
New York Times - November 29, 2007
Court Awards Damages to Reporter Whose Home Was Raided
A European court has awarded damages to an investigative journalist whose home was raided and computers confiscated after he published articles alleging fraud within the E.U...
New York Times - November 29, 2007
Ford Agrees to Give Vouchers in Rollover Suit
The settlement, which applies to Explorers in model years 1991 through 2001, will allow vehicle owners to apply for $500 vouchers to buy Explorers or $300 vouchers to buy other Ford or Lincoln Mercury products...
New York Times - November 29, 2007
American Airlines Parent Plans to Shed Regional Carrier
The decision to shed the American Eagle regional airline unit came after an investor group called on the parent company of American Airlines to bolster its stock price by getting rid of some operations...
New York Times - November 29, 2007
Banking Giant Wachovia Settles With Regulator
The banking giant Wachovia will pay $300,000 to settle claims that it failed to disclose conflicts of interest in research reports by analysts, the Financial Industry Regulatory Authority said yesterday...
New York Times - November 29, 2007
State-Run Florida Fund Hit by Withdrawals
School districts and local governments in Florida have pulled $8 billion out of a state-run investment pool after learning that the money market fund contained more than $700 million of defaulted debt...
New York Times - November 29, 2007
Stronger Warnings Advised on Asthma Drug
Federal regulatory advisers have recommended strengthening safety warnings on GlaxoSmithKline?s asthma drug Serevent amid reports of deaths in children taking the treatment...
New York Times - November 29, 2007
China to Let Market Forces Weigh on Value of Yuan
China will allow market forces to exert more influence over the value of the yuan as the country moves toward a fully convertible currency...
New York Times - November 29, 2007
Qualcomm Chief Welcomes iPhone?s Spread
The chief executive of Qualcomm gave the iPhone credit for making consumers more eager for third-generation cellphone networks...
New York Times - November 29, 2007
Bush Economic Adviser to Be Replaced by His Deputy
Keith B. Hennessey will succeed Allan B. Hubbard as chairman of the National Economic Council...
New York Times - November 29, 2007
S.E.C. Bars Investors? Directors
The Securities and Exchange Commission ruled yesterday that public companies could block investors from putting director candidates on corporate ballots, a major setback for shareholders seeking a greater say in boardroom affairs...
New York Times - November 29, 2007
Once a Mainstay of Magazines, Cigarette Makers Are Dropping Print Ads
The R. J. Reynolds Tobacco Company disclosed this week that it would run no ads in 2008 in consumer magazines and newspapers for cigarette brands like Camel, Winston, Pall Mall and American Spirit...
New York Times - November 29, 2007
Bear Stearns Announces New Round of Job Cuts
The investment bank will cut 650 jobs in all departments from its work force of about 15,500...
New York Times - November 29, 2007
Supreme Court Weighs Maine?s Tobacco Law
The latest battleground in the federalism wars at the Supreme Court is an unlikely one: the state of Maine, which is trying to prevent underage consumers from buying cigarettes over the Internet...
New York Times - November 29, 2007
3 Bankers Plead Guilty in Case Tied to Enron
After more than two years awaiting trial in the United States on Enron-related charges, three British bankers pleaded guilty Wednesday in federal court here to one count each of wire fraud...
New York Times - November 29, 2007
Lawyer Battling for Katrina Payments Is Indicted
Richard F. Scruggs, a prominent trial lawyer who has been fighting insurance companies over payments for damage from Hurricane Katrina, was indicted Wednesday on federal bribery charges...
New York Times - November 29, 2007
An Airline Shrugs at Oil Prices
Southwest Airlines could soon be standing head and shoulders above the competition because it loaded up years ago on hedges against higher fuel prices...
New York Times - November 29, 2007
$200 Billion to Invest, but in China
In contrast to other sovereign wealth funds, China?s state-run investment fund has no immediate plans to take a large stake in any foreign company...
New York Times - November 29, 2007
Dow Surges on Hints of a Cut in Interest Rates
The Dow soared to its biggest one-day gain in more than four years on Wednesday after a top Federal Reserve official hinted at another interest rate cut...
New York Times - November 29, 2007
Size Limits for Cable Look Likely
The head of the F.C.C. has proposed quick adoption of a rule that would prevent Comcast, the nation?s largest cable company, from growing larger...
New York Times - November 29, 2007
For Toddlers, Toy of Choice Is Tech Device
Laptops, digital cameras and MP3 music players are among the hottest gift items this year. For preschoolers...
New York Times - November 29, 2007
Lenders? Belt-Tightening Stifles Growth in Economy
Credit flowing to American companies is drying up at a pace not seen in decades, intensifying worries that a recession is near...
New York Times - November 29, 2007
US protest at China navy refusal
The Pentagon protests to China over its refusal to allow US ships to dock in Hong Kong at Thanksgiving...
BBC News - November 29, 2007
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