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US News Archive for June 2005:
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Democrats Mostly Cool to Bush's Speech
Some said the president had been wrong to invoke the memory of the Sept. 11 attacks as justification for the Iraq campaign...
New York Times - June 29, 2005
White House Moves to Clarify Authority Over Intelligence
John D. Negroponte, the director of national intelligence, will have authority over national security operations of the F.B.I. as well as the foreign intelligence agencies...
New York Times - June 29, 2005
Army Recruiting Improves in June
The Army met its monthly recruiting goal in June, but still faces what some senior Army officials say is a nearly insurmountable shortfall to meet the service's annual quota...
New York Times - June 29, 2005
Canada Moves to Limit Online Bulk Sales of Drugs
The government is drafting legislation to limit bulk exports of Canadian drugs in an effort to assure that online pharmacy sales to the U.S. do not cause domestic shortages...
New York Times - June 29, 2005
S.E.C., in Contentious Vote, Again Passes Mutual Fund Rule
The last public meeting at the S.E.C. presided over by its outgoing chairman, William H. Donaldson, was marked by vitriolic debate and intense emotions...
New York Times - June 29, 2005
One-off costs hit Monsanto profit
US agrochemical giant Monsanto blames an 81% drop in third quarter profits on write-offs caused by two large-scale acquisitions...
BBC News - June 29, 2005
Football: Brazil trounce Argentina
Brazil produce a scintillating display to beat Argentina 4-1 in the Confederations Cup final...
BBC News - June 29, 2005
Chevron wins regulatory approval
The US government gives Chevron final approval to buy domestic rival Unocal, hotting up a US verses China takeover battle...
BBC News - June 29, 2005
Bush Acknowledges Difficulties, Insisting on Fight to the End
In last night's speech, President Bush was more direct than usual in raising and rebutting criticism of his Iraq policy...
New York Times - June 29, 2005
New Design for Freedom Tower Calls for 200-Foot Pedestal
Officials unveiled a redesigned tower at ground zero whose appearance evokes the sky-piercing twins it is meant to replace...
New York Times - June 29, 2005
Shadows at Home: Living Where B.T.K. Killed
Six homes in Wichita, Kan., are lumped together by the same dark past and known by the same name: The B.T.K. houses...
New York Times - June 29, 2005
Homeland Security Adviser Gets High Marks in a Tough Job
Frances Fragos Townsend is a former mob prosecutor in Manhattan and now a White House favorite...
New York Times - June 29, 2005
Test Faults Processing of Passports
The names of more than 30 fugitives did not trigger any warnings in a test of the nation's passport processing system...
New York Times - June 29, 2005
Shares Rally After Crude Oil Prices Decline $2 a Barrel
By Reuters...
New York Times - June 29, 2005
The Gray Middle Market
The moderate-income elderly, who have largely been overlooked by developers of housing, often have too much income to be eligible for subsidized housing...
New York Times - June 29, 2005
John T. Walton, 58, Donor and Heir to Wal-Mart Fortune, Dies
John T. Walton, the second of three sons of Wal-Mart's founder, threw his considerable financial support behind efforts to educate low-income children...
New York Times - June 29, 2005
Sun Buys Software Maker
Sun Microsystems has agreed to buy the SeeBeyond Technology Corporation, which makes software that enables various computer systems to work together...
New York Times - June 29, 2005
Former Chief of HealthSouth Acquitted in $2.7 Billion Fraud
The federal government's string of victories in corporate corruption cases ended when a jury acquitted Richard M. Scrushy on all 36 counts...
New York Times - June 29, 2005
Bank One Is Sued by Illinois Investors Over Two Tax Shelters
A lawsuit filed this month by three Illinois investors accuses Bank One of creating and marketing two questionable tax shelters that used tax-exempt personal trusts to let wealthy investors hide hundreds of millions of dollars in income...
New York Times - June 29, 2005
Tax Protester Pleads Guilty to Filing False Claim
A California businessman who boasted that he paid no income taxes because no law required him to do so has pleaded guilty to filing a false refund claim, the latest blow to the tax protest movement...
New York Times - June 29, 2005
Judge in Italy Sentences 11 in Collapse of Parmalat
A judge in Milan convicted and sentenced 11 people on charges of market manipulation, obstructing a regulatory investigation and falsifying audits...
New York Times - June 29, 2005
Asian Reaction to Unocal Bid Is Muted
The reaction in Southeast Asia to the Chinese bid for Unocal is much more muted than the response in the United States...
New York Times - June 29, 2005
A Trial Ends, but the Tribulations and Hard Feelings at Headquarters Don't Abate
The HealthSouth board fired Richard M. Scrushy as chief executive more than two years ago, and ever since, the company has been trying to pull itself together...
New York Times - June 29, 2005
A.I.G. Posts 44% Earnings Rise Under New Leader
American International Group yesterday reported a 44 percent increase in first-quarter earnings, the company's first results under the leadership of its new chief executive, Martin J. Sullivan, and the first indication of how its insurance businesses have survived the turmoil of prolonged regulatory investigations and lawsuits...
New York Times - June 29, 2005
Court Sentences Pair in Insurance Fraud
RICHMOND, Va., June 28 (AP) - Two former executives of a failed Virginia insurer were sentenced in federal court on Tuesday as part of a fraud investigation that has helped expose troubling practices in the industry...
New York Times - June 29, 2005
Outside Investors to Control Merged Airline
The new airline that would be formed by the proposed merger of US Airways and America West will be primarily controlled by outside investors, including the federal government, a regulatory filing showed yesterday...
New York Times - June 29, 2005
Web Content by and for the Masses
The abundance of user-generated Internet content - which includes online games, desktop video and citizen journalism sites - is reshaping the debate over file sharing...
New York Times - June 29, 2005
Determined to Find Guilt, but Expecting Acquittal
BIRMINGHAM, Ala., June 28 - Willis G. Vest was convinced that Richard M. Scrushy, the former chairman of HealthSouth, broke the law. But he was not surprised on Tuesday morning to receive a phone call from the clerk of the federal court that the jury hearing the conspiracy and fraud case against Mr. Scrushy had acquitted him...
New York Times - June 29, 2005
Seeking Deterrent, U.S. Wants a Life Prison Term for Ebbers
Federal prosecutors are seeking life imprisonment for the former chief executive of WorldCom, Bernard J. Ebbers, who was convicted in March of securities fraud and submitting false filings to regulators...
New York Times - June 29, 2005
Move to Law Firm Seen
Stephen M. Cutler, the former director of enforcement at the Securities and Exchange Commission, will return to Wilmer Cutler Pickering Hale & Dorr, the law firm where he worked before joining the S.E.C. in 1999, a person briefed on his plans said last night...
New York Times - June 29, 2005
Deal Seen by Makers of Household Goods
The Jarden Corporation, which makes dozens of household products including kitchen matches and playing cards, is near a deal to acquire the Holmes Group, a consumer products company, for about $625 million in cash and stock, according to executives close to the deal...
New York Times - June 29, 2005
Yet More Setbacks for Interpublic
The Interpublic Group's troubles continue: its first-quarter revenues are likely to be down from last year and its chief financial officer is leaving...
New York Times - June 29, 2005
SBC Offering Free Services to Fight Cable
Trying to stem the loss of subscribers to cable companies, SBC is offering three free months of Internet and satellite television to customers who cancel their cable services...
New York Times - June 29, 2005
Honda Plan on Crash Data
Honda Motor said Tuesday that it would place government crash test data on window stickers in all 2006 Honda and Acura vehicles...
New York Times - June 29, 2005
Ex-Broker Guilty of Fraud in Bank Offering
NEW HAVEN, June 28 - A former Connecticut securities broker pleaded guilty to securities fraud on Tuesday in what prosecutors said was the first federal criminal prosecution in connection with an initial public stock offering in a bank conversion...
New York Times - June 29, 2005
Two Armed Men Detained Briefly
BIRMINGHAM, Ala., June 28 - In one last, odd twist at the HealthSouth trial, United States marshals guarding the federal courthouse became alarmed on Tuesday after they spotted a white sport-utility vehicle circling the courthouse with two armed occupants, one with a pistol-grip shotgun and the other with a handgun, shortly after the verdict was released...
New York Times - June 29, 2005
Consumer Sentiment Rises
By The Associated Press...
New York Times - June 29, 2005
Interest Seen in Market Union
CHICAGO, June 28 (Reuters) - CBOT Holdings, fresh from a shareholder vote giving the green light for an initial public offering, said on Tuesday that it had received "unsolicited, nonbinding expressions of interest in a business combination."...
New York Times - June 29, 2005
Apple Offers New Access to Podcasts
Apple Computer debuted a new version of its iTunes software designed for subscribing to podcasts, audio recordings that can be downloaded to an iPod for portable listening...
New York Times - June 29, 2005
A.M.D. Suit Says Intel Bullied Clients
Advanced Micro Devices Inc. is charging that Intel employed unfair tactics to prevent computer companies from buying A.M.D. microprocessors...
New York Times - June 29, 2005
Sugar Prices Are Barrier to Securing Trade Pact
President Bush ran into new problems on Tuesday as attempts to entice support from the sugar industry for a Central American trade agreement veered toward collapse...
New York Times - June 29, 2005
Wary of Stocks? Property Is an I.R.A. Option
Like many other investors, Ray Matteson, an executive at a data-processing company, was caught in the dot-com maelstrom of the late 1990's, except that his losses were on a far grander scale than most - about $3 million by his calculations and all of it in a retirement account...
New York Times - June 29, 2005
Medtronic to Acquire a Treatment for Obesity
Medtronic plans to announce on Wednesday that it will acquire Transneuronix, a start-up company that is developing an implantable stomach pacemaker...
New York Times - June 29, 2005
Bond Trades Far Too Agile Cost Citigroup $25 Million
A British regulator fined Citigroup more than $25 million on Tuesday for its rapid trades of billions of dollars of Eurobonds last summer...
New York Times - June 29, 2005
Shift Seen Atop Millennium Pharmaceuticals
Mark J. Levin, who has led Millennium Pharmaceuticals since its inception 12 years ago, is stepping down as chief executive, the company is expected to announce today. He will be succeeded by Deborah Dunsire, who has been running Novartis's cancer drug business in North America...
New York Times - June 29, 2005
House Bill Toughens Rules on Marketing to Military
The House of Representatives voted yesterday to approve a measure that would tighten rules that govern the marketing of life insurance, high-cost loans and other financial products to American military personnel...
New York Times - June 29, 2005
Economy Grew Better Than Previously Thought in 1st Quarter
The 3.8 percent growth rate in the first quarter of 2005 was better than previously thought and a fresh sign the expansion is on firm footing...
New York Times - June 29, 2005
A Style That Connected With Hometown Jurors
The decision to hold Richard M. Scrushy's trial in his hometown, Birmingham, Ala., may have given his lawyers an advantage...
New York Times - June 29, 2005
Name Goods in China but Brand X Elsewhere
Never heard of brand names like Great Wall and Hisense? Some Chinese companies are adopting widely known names to make their presence felt abroad...
New York Times - June 29, 2005
Conoco interested in Yukos plant
US oil giant ConocoPhillips has said it is interested in investing in the Baltic region's only refining complex, Mazeikiu Nafta in Lithuania...
BBC News - June 29, 2005
Peoplesoft boosts Oracle profits
US software giant Oracle thanks the "rapid integration" of former rival Peoplesoft for better-than-expected fourth-quarter profits...
BBC News - June 29, 2005
Billy Graham still pulls crowds
Christian preacher Billy Graham is holding his "last" US crusade - but did not rule out a visit to the UK later this year...
BBC News - June 29, 2005
Bush faces second term blues
President Bush is at a critical point of his leadership as he attempts to push through his domestic agenda, says the BBC's James Coomarasamy...
BBC News - June 29, 2005
Missing teen case grips US media
The disappearance of 18-year-old Natalee Holloway on the Caribbean island of Aruba is dominating the US media...
BBC News - June 29, 2005
Bush stays bullish on Iraq
US President George W Bush brushes off sceptics of the Iraq war as its new leader, Ibrahim Jaafari, visits Washington...
BBC News - June 29, 2005
Mexico hails rebel 'initiative'
Mexico welcomes the Zapatistas' apparent plan to renounce armed struggle and join the mainstream politics...
BBC News - June 29, 2005
US faces prison ship allegations
The UN has launched an inquiry into accusations that the US has secret detention camps on ships...
BBC News - June 29, 2005
Nasa 'failed' on shuttle safety
Nasa has failed to hit tough safety targets needed to fly its shuttles again after the 2003 disaster, experts say...
BBC News - June 29, 2005
Falklands ships had nuclear arms
Nuclear weapons were on Royal Navy ships dispatched from to the Falklands in 1982, the official history of the conflict reveals...
BBC News - June 29, 2005
File-sharing ruling fuels worries
Technology industry experts have expressed concerns following the US Supreme Court ruling on file-sharing...
BBC News - June 29, 2005
US cable firms see off net rivals
The US Supreme Court rules that cable firms do not have to share their lines with rival operators...
BBC News - June 29, 2005
Saudi's Washington envoy resigns
The Saudi ambassador to the US, Prince Bandar bin Sultan, resigns after more than 20 years in the post...
BBC News - June 29, 2005
Storm costs 'could rise by 66%'
The world cost of major storms will rise by two-thirds by 2080 unless there is swift action to cut global warming, a report warns...
BBC News - June 29, 2005
Australian Bogut heads NBA draft
The Milwaukee Bucks make Andrew Bogut the top pick in the 2005 NBA draft...
BBC News - June 29, 2005
Zapatista future under scrutiny
Leading newspapers in Mexico have received the news that Zapatista rebels are apparently set to announce a major political initiative with cautious optimism...
BBC News - June 29, 2005
Canada order to deport Rwandan
Canada's supreme court orders that a Rwandan man accused of inciting the 1994 genocide must be deported...
BBC News - June 29, 2005
US and India sign defence accord
India and the United States sign a 10-year agreement to strengthen bilateral defence ties...
BBC News - June 29, 2005
Canadian MPs back gay marriages
The Canadian parliament approves a bill that legalises same-sex marriage, only the third country to do so...
BBC News - June 29, 2005
Colombia war crimes probe urged
A human rights coalition asks for a war crimes investigation into Colombia's main paramilitary group...
BBC News - June 29, 2005
US growth returns to robust form
Strong exports and a demand for new homes keeps the US economy growing rapidly in the first three months of 2005, official figures show...
BBC News - June 29, 2005
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