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US News Archive for November 2007:
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Chevron Profit Falls by More Than $1 Billion
Net income for the third quarter fell more than expected as tighter U.S. refining margins took a big bite out of earnings...
New York Times - November 2, 2007
Trump Casino Earnings Up 14%
The casino operator reported a jump of nearly 14 percent in its third-quarter profit despite a small drop in revenues due to increased competition...
New York Times - November 2, 2007
Blockbuster?s Loss Widens as Company Plans Job Cuts
Blockbuster?s third-quarter loss widened as the movie-rental company lost a half-million online customers and absorbed costs for layoffs and store closings...
New York Times - November 2, 2007
Electronic Arts Swings to 2nd-Quarter Loss
The video-game software publisher posted a net loss of $195 million as sales fell...
New York Times - November 2, 2007
Unilever Earnings Up 37%
The company reported net profit of 1.01 billion euros ($1.46 billion) on modest growth and lower financing costs...
New York Times - November 2, 2007
Viacom Surprises Analysts With a Strong Quarter
Viacom said that its third-quarter revenue rose 24 percent, to $3.27 billion...
New York Times - November 2, 2007
Ford and U.A.W. in Marathon Contract Talks
After five days of intense talks, the two sides had resolved most of their differences and were down to ?a few key issues,? said one person briefed on the talks...
New York Times - November 2, 2007
Writers Say Strike to Start Monday
Hollywood?s movie and television writers plan to embark on an industrywide strike for the first time since 1988...
New York Times - November 2, 2007
Oil Rises on Jobs Data and Talk of Iran Sanctions
The prospect of a stronger economy and word of possible new U.N. sanctions against Iran sent crude oil futures back above $96 a barrel today...
New York Times - November 2, 2007
Wall Street Ends Volatile Session Higher
Wall Street was mixed after a surprisingly strong October jobs report failed to alleviate escalating worries about the beleaguered financial sector...
New York Times - November 2, 2007
Employment Report Shows Gain of 166,000 Jobs
Payrolls grew in the service sector, a Labor Department report said. But a separate survey showed that fewer Americans were employed over all last month...
New York Times - November 2, 2007
Dollar at fresh low against euro
Encouraging US employment data fails to stem the falls in the US dollar, as it hits a new record low against the euro...
BBC News - November 2, 2007
Chevron sees profits tumble 25%
US oil firm Chevron sees quarterly profits tumble 25%, hit by a wider industry trend of lower gas prices and declining margins...
BBC News - November 2, 2007
Democrats end Colbert vote bid
South Carolina Democrats thwart US TV comedian Stephen Colbert's bid to enter their presidential primary...
BBC News - November 2, 2007
US envoy defends Iraq postings
The US ambassador to Iraq defends the decision to force diplomats to serve in the country...
BBC News - November 2, 2007
Nazi stolen art books given to US
Two photo albums documenting art looted b the Nazis are donated to the US National Archives...
BBC News - November 2, 2007
Hurricane Noel heads north-east
Hurricane Noel, the storm that claimed at least 116 lives in the Caribbean, heads north...
BBC News - November 2, 2007
Assembly backs Chavez reforms
Venezuela's parliament gives final approval to constitutional changes that strengthen President Chavez's powers...
BBC News - November 2, 2007
US TV reveals Iraq war source
A US network reveals the key Iraq war source codenamed Curveball and says he lied to support his asylum claim...
BBC News - November 2, 2007
Bomb scare at US nuclear facility
The largest US nuclear plant is put into "lockdown" after a suspicious device is found in a worker's lorry...
BBC News - November 2, 2007
Rice subpoenaed in spying trial
US Secretary of State Condoleezza Rice is ordered to testify in the spying trial of two pro-Israel lobbyists...
BBC News - November 2, 2007
Hollywood writers go for strike
Some of the world's top TV shows stand to suffer as US screenwriters call a strike over royalty fees...
BBC News - November 2, 2007
Dot Earth: How Dry You Are (Check www.drought.gov)
To track drought in your region, you can now go to www.drought.gov...
New York Times - November 2, 2007
Domestic Disturbances: Seventies Something
A look at a new book for ?tween? girls and what it says about ... the 1970s...
New York Times - November 2, 2007
Tamil Tigers Political Leader Announced Dead
A Sri Lankan air strike on a meeting of rebel officials killed the Tamil Tigers? political chief, the group announced...
New York Times - November 2, 2007
Musharraf Is Asked to Resist Emergency Rule
American diplomats have been urging the president to refrain from imposing emergency rule, a diplomat said...
New York Times - November 2, 2007
The Churn
People...
New York Times - November 2, 2007
CA Profit Rises, Margins Widen and Shares Rally
Software maker CA reported that quarterly profit more than doubled as cost cutting efforts allowed the company to grow profits faster than revenue...
New York Times - November 2, 2007
Lenovo Reports a Jump in 3rd-Quarter Profit
Lenovo said its profits in the latest quarter jumped 178 percent as it captured a bigger share of the global market for personal computers after a reorganization...
New York Times - November 2, 2007
Kodak Posts a Profit as Digital Revenue Nearly Triples
ROCHESTER, Nov. 1 (AP) ? Eastman Kodak, rounding the final bend in a four-year digital overhaul, swung to a $37 million profit in the third quarter Thursday as digital revenue almost tripled and wider profit margins overshadowed a slight drop in overall sales...
New York Times - November 2, 2007
TV Sports: Channeling the Bigger Games to the Lesser Networks
Cable contracts are leaving gaps in distribution of college football games and causing consternation among local fans who can?t watch their home team on television...
New York Times - November 2, 2007
Sprint Nextel Reports 77% Drop in Earnings
Sprint Nextel?s quarterly profit fell 77 percent as its mobile service lost subscribers, and it withdrew its 2008 profit growth forecast, sending shares down 3 percent yesterday...
New York Times - November 2, 2007
Cisco Systems Plans to Expand in China
Cisco Systems announced a multiyear $16 billion expansion in China with planned investments in manufacturing, venture capital and education...
New York Times - November 2, 2007
Write-Downs Hit Credit Suisse Results
Credit Suisse Group?s third-quarter profit fell 31 percent, hurt by write-downs caused by the housing market downturn in the U.S. and lower demand for buyout loans...
New York Times - November 2, 2007
Street Scene: Life After Securities Fraud
When he was put in prison for securities fraud, Michael L. Smirlock wondered if his life was over. Looking back, he says he does not miss Wall Street, but he does miss his friends...
New York Times - November 2, 2007
Sales at Ford Decrease for the 12th Month in a Row
Even as Ford posted its 12th consecutive monthly U.S. sales decline, General Motors and Toyota each gained market share in October on higher truck sales...
New York Times - November 2, 2007
Citing Oil Prices, Asia Starts Reducing Fuel Subsidies
Consumers in Asia are feeling the heat of skyrocketing oil prices as governments start rolling back subsidies that have kept costs for gasoline and other fuel artificially low...
New York Times - November 2, 2007
Government Cannot Halt Oil Incentives, Judge Rules
A federal court ruling could free the energy industry from paying the government up to $60 billion in royalties for oil and gas produced in publicly owned waters of the Gulf of Mexico...
New York Times - November 2, 2007
Writers Set to Strike, Threatening Hollywood
Movie and television writers declared that they would embark on a strike for the first time since 1988...
New York Times - November 2, 2007
Mexico in record cocaine seizure
Mexican authorities find 23.5 tons of cocaine at the port of Manzanillo, one of their largest drug seizures...
BBC News - November 2, 2007
The Caucus Blog: S.C. Democrats Say No to Colbert
The South Carolina Democratic Party decided he wasn?t a serious candidate and turned down his application to get on the ballot...
New York Times - November 2, 2007
Bats: The Most Amazing Stat You?ll Ever See
OK, so that’s exaggerating. Maybe. This factoid in a column by Bruce Jenkins of the San Francisco Chronicle is simply astounding: “Since Game 4 of the 2004 ALCS — the night Boston began its epic comeback from three games down against the Yankees — (Alex) Rodriguez has come to the plate with 38 runners on base, [...]...
New York Times - November 2, 2007
From Brooklyn to Los Angeles: Dodgers Hire Torre
Two weeks after leaving the Yankees, Joe Torre agreed to a three-year contract for about $13 million in Los Angeles...
New York Times - November 2, 2007
Rules Lower Prison Terms in Sentences for Crack
Shorter terms for crack cocaine offenders are estimated to reduce the federal prison population by 3,800 in 15 years...
New York Times - November 2, 2007
Effort to Save Everglades Falters as Funds Dwindle
Seven years into an $8 billion effort to rescue the Florida Everglades, federal financing has slowed to a trickle...
New York Times - November 2, 2007
Theater Review | 'Cyrano de Bergerac': Rapier Wit and a Nose for Poetry
David Leveaux?s disarming revival, starring Kevin Kline and Jennifer Garner, is sweet but surprisingly potent...
New York Times - November 2, 2007
Bush, Defending Justice Nominee, Sees Unfairness
Caught off guard by the fight over Michael B. Mukasey, the White House has begun a campaign to salvage his candidacy...
New York Times - November 2, 2007
Blockbuster?s Loss Widens as Company Plans Job Cuts
Blockbuster?s third-quarter loss widened as the movie-rental company lost a half-million online customers and absorbed costs for layoffs and store closings...
New York Times - November 2, 2007
Trump Casino Earnings Up 14%
The casino operator reported a jump of nearly 14 percent in its third-quarter profit despite a small drop in revenues due to increased competition...
New York Times - November 2, 2007
Eastman Kodak Swings to Profit
An increase in digital revenue and better profit margins overshadowed a slight revenue decline, said the company, which report third-quarter profit of $37 million...
New York Times - November 2, 2007
Unilever Earnings Up 37%
The company reported net profit of 1.01 billion euros ($1.46 billion) on modest growth and lower financing costs...
New York Times - November 2, 2007
Sprint Profit and Revenue Fall Sharply
The mobile phone company said profit was down on lost subscribers and it warned of continued weakness in the fourth quarter...
New York Times - November 2, 2007
Credit Suisse Profit Drops 31 Percent
Write-downs caused by the U.S. housing market slowdown and lower demand for buyout loans weighed on third-quarter profit, the bank said...
New York Times - November 2, 2007
CA Profit Rises, Margins Widen, Shares Rally
Software maker CA reported that quarterly profit more than doubled as cost cutting efforts allowed the company to grow profits faster than revenue...
New York Times - November 2, 2007
Electronic Arts Swings to 2nd-Quarter Loss
The video-game software publisher posted a net loss of $195 million as sales fell...
New York Times - November 2, 2007
China Raises Fuel Prices Amid Shortage
China raised gasoline and diesel prices to curb demand amid shortages that have caused long lines at filling stations and disrupted trucking in key export areas...
New York Times - November 2, 2007
CBS Earnings Increase 8%, Beating Analysts? Estimates
Boosted by gains in its TV and outdoor advertising businesses, CBS reported that earnings rose 8 percent in the third quarter, beating Wall Street expectations...
New York Times - November 2, 2007
High and Low Finance: Being Kept in the Dark on Wall Street
Every financial disaster deserves a scapegoat. This time it could be the credit rating agencies...
New York Times - November 2, 2007
Verizon to Put Executive Pay to Shareholder Vote
Under fire over executive pay, Verizon announced plans to put its compensation plans to an annual vote by investors starting with its general meeting in 2009...
New York Times - November 2, 2007
Exxon Mobil Profit Drops as Costs Rise for Refining
Hurt by lower refining margins, Exxon Mobil saw shares decline almost 4 percent after posting earnings that fell 10 percent in the third quarter, below Wall Street expectations...
New York Times - November 2, 2007
Income Data Hints at Underlying Economic Strength
A report on personal income and spending pointed to continued strength in the economy even as analysts feared widespread troubles in the next few months...
New York Times - November 2, 2007
MySpace Joins Google Alliance to Counter Facebook
The alliance presents a powerful counterweight to Facebook, which has persuaded thousands of developers to create programs for its users...
New York Times - November 2, 2007
Advertising: F.T.C. Member Vows Tighter Controls of Online Ads
Because of the increased tracking of people?s Internet activities by marketing firms, a member of the Federal Trade Commission vowed to exert more controls over online ads...
New York Times - November 2, 2007
New York Says Appraiser Inflated Value of Homes
The state?s attorney general has accused an appraisal firm of inflating the value of homes under pressure from Washington Mutual, one of the nation?s largest lenders...
New York Times - November 2, 2007
Canadian Exporters Hurt by a Soaring Currency
The Canadian dollar?s rise has strained the country?s exporters, its strength coming at a time of high oil prices and intense competition from Asian manufacturers...
New York Times - November 2, 2007
A War Game Supposes Scarce and Risky Oil
In an effort to push energy reform to the top of America?s agenda, two groups staged a complex role-playing game that dramatizes the impact of American dependence on imported oil...
New York Times - November 2, 2007
China Bars Exports by 750 Toy Makers
The move was announced just days after U.S. legislators moved to bolster consumer protections and impose tougher penalties on companies that sell tainted or hazardous goods...
New York Times - November 2, 2007
2 Winning Drug Tests, One Expected and One a Surprise
In test results eagerly awaited by doctors and Wall Street, Vertex Pharmaceuticals plans to release data that shows its experimental drug to treat hepatitis C has a 60 percent cure rate...
New York Times - November 2, 2007
Hollywood Writers Say They Will Go on Strike
Television and movie screen writers said that they would go on strike for the first time in nearly 20 years...
New York Times - November 2, 2007
Tapped Out, but Hopeful: A Break in Texas?s Oil Decline
As oil approaches $100 a barrel, there is plenty of incentive to find more American oil, but even with new investment, the nation?s oil fields are mostly tapped out...
New York Times - November 2, 2007
A Bitter Rift When a Boss Is the Buyer
An internal battle at Affiliated Computer Services highlights the tensions that can occur when a founder or chief executive leads a deal to acquire a company...
New York Times - November 2, 2007
Job Cuts at Chrysler Go Even Deeper Than Expected
Thursday?s cuts, together with a previously announced elimination of 13,000 positions, represent a 30 percent reduction in Chrysler?s 2006 work force...
New York Times - November 2, 2007
In Wild Swing, Stocks Give Up Rate-Cut Gains
Many investors appeared to have second thoughts about their initial reaction to the Federal Reserve?s move this week to lower interest rates...
New York Times - November 2, 2007
The Mexican way of death
As Mexico holds its annual Day of the Dead celebrations, the BBC's Duncan Kennedy tours a museum dedicated to the subject of death...
BBC News - November 2, 2007
Noel reaches hurricane strength
A storm that claimed at least 108 lives in the Caribbean is upgraded to hurricane strength as it heads north...
BBC News - November 2, 2007
Hollywood writers close to strike
Negotiators for Hollywood screenwriters announce they are recommending a strike over royalty payments...
BBC News - November 2, 2007
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