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US News Archive for June 2007:
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London police find two cars rigged as bombs
A vehicle containing fuel, gas canisters and nails found early Friday near Trafalgar Square is "clearly linked" to another explosives-packed car found outside a nightclub near Piccadilly Circus, Metropolitan Police said...
CNN - June 29, 2007
Jankovic Advances at Wimbledon
Jelena Jankovic, the world?s third-ranked women?s tennis player, struggled in the third round before pulling out a victory...
New York Times - June 29, 2007
Democrats to renew pressure to withdraw troops
Democratic leaders vowed Friday to keep up the pressure on President Bush to end the Iraq war with more votes next month on withdrawing U.S. troops...
CNN - June 29, 2007
Long-Awaited iPhone Goes on Sale
Customers eager to buy the long-awaited cellphone waited in long lines at Apple stores in New York and other cities...
New York Times - June 29, 2007
Tentative Deal on Wall Street Journal Safeguards
A document calls for an independent group that could block hirings and firings and conduct investigations...
New York Times - June 29, 2007
Bush seeks Congress trade deal
The White House urges Congress to renew President Bush's ability to agree trade deals without interference...
BBC News - June 29, 2007
Bear Stearns replaces funds boss
Bear Stearns, which bailed out two hedge funds with $1.6bn, hires a new head of asset management...
BBC News - June 29, 2007
The full price of war in Iraq
More than two-thirds of active duty Army brigades are rated not ready for their mission because of manpower or equipment shortages. But the toll is even harder on soldiers facing multiple Iraq tours. "From when he first went in and now -- he is not the same," the wife of one soldier said...
CNN - June 29, 2007
Manhunt for London bomb suspect
Police in London say they have deactivated a bomb packed with nails and capable of creating huge casualties, raising renewed fears of a terrorist strike almost two years after the city was hit by deadly suicide bombers...
CNN - June 29, 2007
Focus turns to Bush's remaining time in office
Even though watching his immigration reform bill go down clearly hurt President Bush, he quickly turned his attention to what's next...
CNN - June 29, 2007
U.N. Inspector and North Korea in Deal
The negotiators agreed today on the logistics of shutting down and sealing the nation?s main nuclear reactor...
New York Times - June 29, 2007
5 U.S. Soldiers Killed in Iraq Attack
The soldiers killed today were conducting an operation aimed at reducing sectarian violence, the military said...
New York Times - June 29, 2007
Stoic Londoners Shrug at Latest Threat
Many people in the streets near Piccadilly Circus seemed less than troubled here today about the discovery of an explosive device...
New York Times - June 29, 2007
F.D.A. Curbs Sale of 5 Seafoods Farmed in China
The seafood can be sold in the United States only if importers prove it does not contain contaminants...
New York Times - June 29, 2007
Commerce Bancorp Chief Resigns Under Fire
Commerce Bancorp announced Friday that its chairman and chief executive, Vernon W. Hill II, would leave and that it had settled two federal regulatory inquires involving him...
New York Times - June 29, 2007
China Passes a Sweeping Labor Law
The labor law passed today strengthens protections for workers across China?s booming economy...
New York Times - June 29, 2007
Delphi Workers Accept Pay Cuts
Workers at the bankrupt Delphi Corporation approved an agreement today that would eliminate a long-time job security protection and steeply cut their hourly pay...
New York Times - June 29, 2007
Union approves Delphi rescue plan
Delphi workers pass a rescue plan the car parts firm says is vital for it to emerge from bankruptcy protection...
BBC News - June 29, 2007
Petrol pressure drives oil price
Oil prices rally, adding almost $1 amid concerns that more crude will need to be refined to boost US petrol reserves...
BBC News - June 29, 2007
Bald eagle soars again
The US takes the bald eagle off the endangered species list, but questions remain over its future protection...
BBC News - June 29, 2007
Chavez vows deeper Russia ties
Venezuelan President Hugo Chavez invites Russian companies to help develop his country's oil industry...
BBC News - June 29, 2007
Tribal arrests at US reservation
Tribal police in South Dakota arrest Native Americans who blocked a road to keep alcohol out of a reservation...
BBC News - June 29, 2007
Police accused over Rio killings
Rio shanty town residents say innocent people were among the 19 killed by Brazilian police during a raid on drug gangs...
BBC News - June 29, 2007
Suspected bomb defused in London
Police say they have deactivated a suspected bomb in the center of London, raising renewed fears of a terrorist strike almost two years after the city was hit by deadly suicide bombers...
CNN - June 29, 2007
Justices Limit the Use of Race in School Plans for Integration
Voting 5 to 4, the Supreme Court declared that public school systems cannot seek integration through measures that take explicit account of a student?s race...
New York Times - June 29, 2007
Century-Old Ban Lifted on Minimum Retail Pricing
The Supreme Court?s decision will give producers significantly more, though not unlimited, power to dictate retail prices and to restrict discounter sellers...
New York Times - June 29, 2007
Football: Galaxy's Beckham date
David Beckham will officially become a Los Angeles Galaxy player on Friday 13 July...
BBC News - June 29, 2007
Tevez nets in Argentina victory
Favourites Argentina fight back to beat the USA, while Paraguay thrash Colombia...
BBC News - June 29, 2007
Team claims synthetic life feat
A leading human genome scientist says he has taken a major step towards creating life from scratch in the lab...
BBC News - June 29, 2007
Chavez aims to boost Russian ties
Venezuelan President Hugo Chavez continues a visit to Moscow focusing on energy and military co-operation...
BBC News - June 29, 2007
US split over school race verdict
Democrats criticise a US Supreme Court ruling against racial quotas in schools, but advocacy groups are split...
BBC News - June 29, 2007
Canada natives in day of protests
Aboriginal groups in Canada block roads as part of protests to raise awareness of poverty in their communities...
BBC News - June 29, 2007
Bush defeated over immigration bill
U.S. President George W. Bush's immigration plan to legalize as many as 12 million unlawful immigrants while fortifying the border collapsed in the Senate and crushed both parties' hopes of dealing with the volatile issue before next year's elections...
CNN - June 29, 2007
Death of Benoit's wife posted before body found
Investigators are looking into who altered pro wrestler Chris Benoit's Wikipedia entry to mention his wife's death hours before authorities discovered the bodies of the couple and their 7-year-old son...
CNN - June 29, 2007
With Lofty Expectations, Portland Selects Oden
As expected, the Portland Trail Blazers took Greg Oden and the Seattle Supersonics took Kevin Durant with the first two picks of the N.B.A. draft...
New York Times - June 29, 2007
Scientists Transplant Genome of Bacteria
Scientists say they have made a major step toward creating synthetic forms of life...
New York Times - June 29, 2007
Democrats Stress Domestic Programs in Debate
The Democratic presidential candidates agreed on a number of domestic issues as they addressed an audience largely comprised of African-Americans...
New York Times - June 29, 2007
Bush Asserts Executive Privilege on Subpoenas
The White House asserted executive privilege in refusing to comply with Congressional subpoenas related to the dismissal of federal prosecutors...
New York Times - June 29, 2007
Immigrant Bill Dies in Senate; Defeat for Bush
President Bush?s effort to overhaul the nation?s immigration policy collapsed in the Senate...
New York Times - June 29, 2007
Justices Block Execution of Delusional Killer
Amplifying on its ban against execution of the insane, the Supreme Court overturned the death sentence of a Texas man convicted of murder...
New York Times - June 29, 2007
Mrs. McCain Is Speaking Up in a Steely Tone
On the campaign trail in 2000, Cindy McCain was mostly a cheerful sidekick to her husband. Not anymore...
New York Times - June 29, 2007
Supreme Court Votes to Limit the Use of Race in Integration Plans
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 29, 2007
The Churn: People
People...
New York Times - June 29, 2007
World Business Briefing: Canada: Top Court Upholds Limits on Tobacco Ads
Canada?s highest court upheld a law limiting tobacco advertising, ruling that although the restrictions limited the rights of cigarette companies to free speech the curbs were justified by the need to improve public health. The Supreme Court judges said there was nothing wrong with the 1997 law that banned broadcast commercials and advertising aimed at young people and that obliged companies to put large graphic warning labels on cigarette packages. Canada?s three big tobacco companies had argued the limitations unfairly infringed their right of free expression. But in a unanimous decision, the court said the need to protect public health took precedence...
New York Times - June 29, 2007
World Business Briefing: Britain: House Prices Show a Surge
British house prices advanced this month at the fastest pace since December, bolstering the case for an interest rate increase by the Bank of England next week. The average cost of a home rose 1.1 percent from May, to £184,070 ($368,000), according to the Nationwide Building Society, the biggest mortgage lender in Britain. ?The bounce-back in June is a bit stronger than expected,? said Fionnuala Earley, chief economist at Nationwide. ?It looks like the bank will bring forward the decision to increase interest rates, and increase the risk that rates get to 6 percent this year.?...
New York Times - June 29, 2007
World Business Briefing: Germany: Unemployment Rate Declined in June
Germany?s unemployment rate slipped to 8.8 percent in June, from 9.1 percent in May, in a sign of better times for the country?s economy. The number of unemployed people fell to 3.687 million from 3.812 million in May, according to the state jobs agency. The agency said that 711,000 fewer people were jobless compared with a year ago. Some German officials have even warned about labor shortages for high-demand skills like engineers, a sign of how far the economy has come in reducing the jobless rate from above 12 percent in early 2006...
New York Times - June 29, 2007
World Business Briefing: Russia: Gazprom?s Profit Doubled in 2006
Gazprom, Russia?s natural gas export monopoly, said 2006 profit doubled, to a record $22.6 billion, beating estimates, as it sold more fuel at higher prices. Net income surged 97 percent, to 613.3 billion rubles, from 311.1 billion rubles a year earlier, the state-run company said. The profit equals $22.6 billion at the average ruble rate for the period and is 8.2 percent higher than the median estimate of six analysts in a Bloomberg survey. Rising prices in Europe, where Gazprom has a quarter of the market, and increased shipments to former Soviet nations drove the gain in earnings, the highest ever reported by a Russian company. Gazprom, based in Moscow, relies entirely on exports for profit because it loses money on sales in Russia, where prices are capped...
New York Times - June 29, 2007
Constellation?s Profit Exceeds Forecasts
The beer, wine and spirits company posted a quarterly profit far above Wall Street estimates, sending its shares up sharply...
New York Times - June 29, 2007
World Business Briefing: Brazil: Airline Agrees to Buy 26 Airbus Planes
TAM, Brazil?s largest airline by passengers carried, agreed to purchase 26 Airbus planes for around $5.4 billion to expand its international routes. The airline, based in São Paulo, said it signed a deal to buy 22 Airbus A350 planes and exercised an earlier option to buy 4 A330 models. The company secured an option to buy 10 additional A350s in the future. The A330s will be delivered in 2010 and 2011. TAM operates direct flights to Paris, London, Milan, New York and Miami...
New York Times - June 29, 2007
World Business Briefing: Switzerland: Watchmakers Seek Stricter Content Rules
Switzerland?s main watchmaking group urged the government to tighten the rules on what can be called a Swiss watch to stop timepieces with too many foreign parts from reaching the market. Under a proposal by the Federation of the Swiss Watch Industry, at least 80 percent of a mechanical watch or 60 percent of an electronic one would have to be made in Switzerland for it to be called ?Swiss made,? the group said. The proposal, approved by 87 percent of the federation?s members, will be sent to the government for consideration. The existing ordinance says at least 50 percent must be Swiss made...
New York Times - June 29, 2007
Palm?s Quarterly Profit Falls, While Rival Posts an Increase
The maker of Treo smartphones reported a 43 percent decline profit, while Research In Motion, the maker of the BlackBerry, posted a 73 percent increase in profit...
New York Times - June 29, 2007
Dollar Store Says Margins May Suffer in Quarter
Family Dollar Stores reported an increase in third-quarter profit but warned that margins in the current quarter would be pressured by markdowns...
New York Times - June 29, 2007
Monsanto Net Up 71%; Corn Seed Cited
Monsanto said that quarterly earnings rose 71 percent, largely because of surging sales of its genetically modified corn...
New York Times - June 29, 2007
First-Quarter Economic Growth Was Slowest Since Late 2002
The economy grew at a 0.7 percent annual rate in the first three months of this year, the weakest in more than four years...
New York Times - June 29, 2007
KB Home Reports Loss for Quarter
One of the nation?s largest home builders posted a loss for its most recent quarter as it wrote down the value of its inventory...
New York Times - June 29, 2007
I.M.F.?s Chief Will Resign 2 Years Early
Rodrigo de Rato will quit his post in October, two years before his term ends, citing ?personal reasons.?...
New York Times - June 29, 2007
Editor Steps Down in Los Angeles
Douglas Frantz said he would leave The Los Angeles Times after less than two years as managing editor...
New York Times - June 29, 2007
General Mills Says Its Costs Pinch Its Profit
Profit in the fourth quarter rose less than 1 percent, hurt by soaring grain costs, despite a 7 percent increase in sales...
New York Times - June 29, 2007
Pension Advisers? Roles Questioned
Pension plans may have lower investment gains when they use consultants who have undisclosed conflicts of interest, according to a new report...
New York Times - June 29, 2007
Bank Settles Claims Over Lost Tax Papers
Mellon Bank has agreed to pay $16.5 million to the federal government to settle claims that it allowed overwhelmed employees to destroy thousands of federal tax returns and payments in 2001...
New York Times - June 29, 2007
Beazer Shares Fall After Executive?s Firing
Shares fell as much as 9.5 percent, the most since March, after the company fired its chief accounting officer...
New York Times - June 29, 2007
Lower Costs Help Rite Aid to Double Profit
The drugstore chain said that quarterly profit more than doubled, helped by lower costs for store closings and labor...
New York Times - June 29, 2007
Stocks & Bonds: Shares End Flat After Cautious Fed View
The Federal Reserve said the economy appeared to be growing at a ?moderate? pace but offered a somewhat cautious reading on inflation...
New York Times - June 29, 2007
Federal Court Freezes Assets Of Hedge Fund in Chicago
A federal court froze the assets of Lake Shore Asset Management, after regulators said it overstated its holdings...
New York Times - June 29, 2007
Britain Won?t Extradite New York Hotelier in Fraud and Tax Evasion Case
Prosecutors want to bring Stanley S. Tollman to trial on charges relating to a $100 million bank fraud and tax evasion scheme...
New York Times - June 29, 2007
Attracting Private Equity Becomes a National Sport in Europe
Private equity markets in Europe have faced the same issue of private equity taxation with fiery debate and quiet lobbying...
New York Times - June 29, 2007
G.M. Selling Allison Transmission Unit
The $5.6 billion deal is part of an effort by G.M. to raise money and focus on its core business...
New York Times - June 29, 2007
Chiefs Defend Slow Network for the iPhone
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 29, 2007
U.S. Reaches Tentative Deal With Europe on Bank Data
The agreement will allow the U.S. to continue a once secret program to obtain banking records from a consortium for use in counterterrorism investigations...
New York Times - June 29, 2007
Fed Leaves a Key Rate Unchanged
The central bank left its benchmark interest rate unchanged at 5.25 percent and signaled that it would keep it at that level for some time...
New York Times - June 29, 2007
Salvaging a Prudent Name
James E. Cayne, Bear Stearns? chief, has seen the firm?s carefully honed reputation suffer from the near collapse of two hedge funds...
New York Times - June 29, 2007
F.D.A. Curbs Sale of Five Seafoods Farmed in China
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 29, 2007
Supreme Court Lifts Ban on Minimum Retail Pricing
The decision will give producers significantly more, though not unlimited, power to dictate retail prices and to restrict discounter sellers...
New York Times - June 29, 2007
Advertising: Cadbury Bets on Protein to Promote Its New Sports Drink
A new sports drink brand, Accelerade, will battle Gatorade and Powerade for the hearts and mouths of thirsty athletes...
New York Times - June 29, 2007
On the Web, EMI to Offer More Choices
EMI Music and Snocap will announce that Snocap will sell the label?s music in its MyStores, online shops that can be added to various sites on the Internet...
New York Times - June 29, 2007
Still Another View of Role of Panel Proposed for Wall St. Journal
An independent committee would have the power to approve or reject the hiring and firing of top editors, contradicting what another person close to the talks has said...
New York Times - June 29, 2007
VC Nation: Door Is Open to High-Tech Offerings That Meet Thresholds
The initial public offering window, largely shut to technology firms for years, is beginning to creak open...
New York Times - June 29, 2007
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