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US News Archive for March 2007:
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Army chief quits in hospital scandal
U.S. Army Secretary Francis Harvey resigned Friday in the wake of recent reports of substandard conditions at Walter Reed Army Medical Center, a key facility treating troops wounded in Iraq...
CNN - March 2, 2007
Twister blew through school like 'big explosion'
Enterprise High School students thought it was a standard tornado drill. But then the school went black and glass from a skylight shattered to the ground. "Everyone got really quiet -- we knew it was serious," said one student who was injured when a tornado struck southeastern Alabama...
CNN - March 2, 2007
I'm one of you, Giuliani tells conservatives
Rudy Giuliani spoke to a convention of conservatives Friday. Isn't that like a vegetarian speaking to a convention of cattle ranchers? Not exactly...
CNN - March 2, 2007
Taliban deputy leader 'captured'
Pakistani security forces captured one of the Taliban's three most senior leaders just hours after U.S. Vice President Dick Cheney's unannounced visit to Pakistan earlier this week, a senior security official and Taliban sources said...
CNN - March 2, 2007
Ryan Howard, No Asterisk
Last year, he hit 58 home runs in his first full season in the majors. He?s modest, polite and widely considered to be steroid-free...
New York Times - March 2, 2007
Romney and Giuliani Make Pitch to Conservatives
Both candidates sought to address their liberal positions on social issues with speeches to conservative activists...
New York Times - March 2, 2007
Secretary of Army Resigns in Controversy
The Secretary of the Army, Francis J. Harvey, resigned today amid the fallout over revelations of shabby conditions at the Walter Reed Army Medical Center...
New York Times - March 2, 2007
[TS] Talking Business: Give Me a Double Shot of Starbucks Nostalgia
There are two Howard Schultzes. One loves the smaller, more personal chain that Starbucks once was. The other understands Wall Streets? needs...
New York Times - March 2, 2007
Your Money: How Much Should You Be Paid?
Most employees have precious little ammunition going into a meeting to talk about their pay, but a few Web sites are trying to level the playing field...
New York Times - March 2, 2007
U.P.S. Walks Away From A380 Order
The last remaining customer for the cargo version of the Airbus A380 superjumbo jet said today that it was cancelling its order for 10 planes...
New York Times - March 2, 2007
Despite a Short Past, Audi Sees a Luxurious Future
Audi has been narrowing the gap with BMW and Mercedes in the high-end market, becoming Germany?s, and the world?s, fastest-growing luxury carmaker...
New York Times - March 2, 2007
Markets End a Down Week on a Down Note
Stocks extended their slump today, finishing their worst week since January 2003...
New York Times - March 2, 2007
EU and US outline open skies deal
The EU and US take a large step towards a deal that will open the airline industry to greater competition...
BBC News - March 2, 2007
New US nuclear warhead chosen
The US government selects the design for the country's first new nuclear warhead for nearly two decades...
BBC News - March 2, 2007
Merigold Journal: At Night, Farmer Trades His Tractor for the Blues
Po? Monkey?s is considered one of the last old-style juke joints, the kind where the Delta blues once incubated...
New York Times - March 2, 2007
Widespread Storms Cause Deaths in 3 States
A storm system that stretched nearly 1,000 miles from the Midwest to the Southeast has killed at least 20 people...
New York Times - March 2, 2007
At Least Six Dead in Atlanta Bus Crash
A bus carrying college baseball players plunged off an Atlanta highway overpass early this morning...
New York Times - March 2, 2007
Veteran Care to Be Reviewed After Firing of General
President Bush has ordered an investigation into the medical care available to returning veterans, a day after the firing of the general in charge of Walter Reed Army Medical Center...
New York Times - March 2, 2007
Unease Lingers on Last Day of Wild Trading Week
After four years of strong growth, low interest rates and prosperity, investors appear to have become too complacent about risks...
New York Times - March 2, 2007
US diary: Al meets Oscar
BBC Washington correspondent Matt Frei wonders if an Oscar means America is warming to Al Gore...
BBC News - March 2, 2007
Surprise fall in US consumer data
US consumer confidence fell more than forecast in February hit by fuel prices and job concerns, figures show...
BBC News - March 2, 2007
Buffett's $48bn donation deadline
Billionaire tycoon Warren Buffett outlines a timetable by which he wants most of his $48.4bn fortune donated to charity...
BBC News - March 2, 2007
Blake out after ATP admits error
James Blake is out of the Las Vegas Open after the ATP admits an earlier decison to reinstate him was incorrect...
BBC News - March 2, 2007
Six die in US college bus crash
A bus with US college baseball team crashes in the state of Georgia, killing at least six people, officials say...
BBC News - March 2, 2007
Call to reopen Oklahoma inquiry
A former FBI man involved in the Oklahoma bomb investigation is calling for the case to be reopened...
BBC News - March 2, 2007
Google Courts Small YouTube Deals, and Very Soon, a Larger One
YouTube is set to announce a partnership with the BBC to create two entertainment channels and one news channel on YouTube...
New York Times - March 2, 2007
Dell earnings miss market targets
Dell's profits and sales miss analyst's targets and the computer firm warns earnings will remain under pressure...
BBC News - March 2, 2007
US targets $15m insider trading
The US has charged 13 people for their alleged role in a $15m insider trading racket involving top lawyers and firms...
BBC News - March 2, 2007
Bahamas funeral for Anna Nicole
The body of model Anna Nicole Smith is being flown to the Bahamas for a pink-themed funeral...
BBC News - March 2, 2007
Deadly US tornadoes damage south
At least 17 people die as tornadoes hit three southern US states, with the White House offering federal aid...
BBC News - March 2, 2007
California Enjoys Electoral Muscle
Presidential candidates are making an early and furious run at voters in delegate-rich California...
New York Times - March 2, 2007
U.S. Reviewing Safety of Children?s Cough Drugs
Federal drug regulators have started a broad review of the safety of cough and cold remedies meant for children...
New York Times - March 2, 2007
Widespread Storms Kill 11 in 3 States
Five died when an apparent tornado caused the roof to collapse at a high school in Enterprise, Ala...
New York Times - March 2, 2007
Merigold Journal: As Night Falls, Farmer Trades His Tractor for the Blues
Willie Seaberry, 65 and a farmworker by day, also runs the Po? Monkey?s juke joint, where strippers ? and Mr. Seaberry?s suits ? are the star attraction...
New York Times - March 2, 2007
Most Support U.S. Guarantee of Health Care
Americans are willing to pay higher taxes to guarantee that every one has health insurance, according to a poll...
New York Times - March 2, 2007
General Is Fired Over Conditions at Walter Reed
The dismissal followed disclosures that wounded soldiers were living in dilapidated quarters and enduring long waits for treatment...
New York Times - March 2, 2007
World Business Briefing | Europe: Switzerland: Net Income Up at Swiss Reinsurance
The Swiss Reinsurance Company, the world?s largest reinsurer, said profit nearly doubled last year because of fewer claims from natural disasters and gains from investments and acquisitions. The company earned 4.56 billion Swiss francs ($3.74 billion) for the year, up from a restated figure of 2.3 billion francs for 2005. Swiss Re also announced a 36 percent increase in its dividend, to 3.40 francs ($2.79) a share, and said it would buy back shares worth up to 6 billion francs ($4.9 billion) over the next three years. Swiss Re said it would buy half of a stake held by General Electric as part of the buyback. G.E. is selling a Swiss Re stake valued at 3.5 billion Swiss francs ($2.9 billion), half to Swiss Re and the other half on the open market. G.E. acquired the stake last year when it sold its reinsurance units to Swiss Re...
New York Times - March 2, 2007
The Churn: People
People...
New York Times - March 2, 2007
World Business Briefing | Europe: France: Airbus Suspends Freighter Work
The airplane manufacturer Airbus has stopped work on the freight version of its new A380 superjumbo jet to focus more on the troubled passenger version of the aircraft, a spokesman for its parent company said. The decision came a week after United Parcel Service, the only remaining customer for the freight aircraft, postponed taking delivery of the planes and said it might cancel the order altogether...
New York Times - March 2, 2007
World Business Briefing | Asia: Japan: Inflation Slowed as Spending Climbed
The minister of economic and fiscal policy, Hiroko Ota, said there had been little change in price trends in January, after a report showed inflation slowed to zero percent for the first time since May. ?Prices continue to be flat,? Ms. Ota said. Core consumer prices, which exclude fresh food, were unchanged from a year earlier, matching the median estimate of economists surveyed by Bloomberg News. Household spending climbed 0.6 percent in January, the statistics bureau said, the first increase since December 2005. Economists expected a 0.3 percent drop. The jobless rate was 4 percent, unchanged after the previous month?s figure was revised from 4.1 percent, the agency said...
New York Times - March 2, 2007
World Business Briefing | Europe: Russia: Labor Agreement at Ford
Ford Motor Company signed a collective bargaining agreement with the union representing its Russian employees, averting a strike in a country that has been a bright spot for the automaker. Sales in Russia are booming; Ford made 60,000 Focus cars in Russia last year and plans to produce 75,000 this year. The company agreed to raise wages 14 percent to 20 percent and to guarantee that jobs will not be lost in outsourcing to subcontractors, according to Aleksei V. Etmanov, the union president...
New York Times - March 2, 2007
Sony to Pay in Patent Dispute
Sony agreed to pay the Immersion Corporation $150.3 million to end a patent dispute over technology used in the PlayStation video-game console...
New York Times - March 2, 2007
Deloitte Nominates New Chief Executive
Deloitte nominated James. H. Quigley to succeed its chief executive, William G. Parrett, who will step down in May...
New York Times - March 2, 2007
HUD Blocks Proposed Sale of Starrett City
The federal housing secretary rejected the proposed $1.3 billion sale of the working-class enclave in Brooklyn...
New York Times - March 2, 2007
A.I.G. Profit Soars on Property Insurance
A.I.G. posted earnings nearly eight times higher than a year ago, with property and casualty insurance its star performer...
New York Times - March 2, 2007
EchoStar Reports Higher Profit on Customer Growth
The EchoStar Communications Corporation said fourth-quarter profit rose 15 percent as a result of an increase in subscribers...
New York Times - March 2, 2007
Viacom Profit Up 271%, Helped by Studio Acquisition and Strong DVD Sales
Fourth-quarter profit rose 271 percent, buoyed by the purchase of DreamWorks SKG and DVD sales of ?Over the Hedge.?...
New York Times - March 2, 2007
F.C.C. Rules That Rural Carriers Must Connect Internet Calls
The decision marks the breaking down of one of the last barriers to allowing VoIP to fully compete with traditional phone carriers...
New York Times - March 2, 2007
Sears and Kohl?s Report Stronger Profits, but Gap Still Struggles
Sears reported a 27 percent increase in earnings and Kohl?s said earnings rose 29.3 percent on strong sales of its exclusive brands...
New York Times - March 2, 2007
Paulson, Warning About Trade Barriers, Says Economy Is Slowing but Healthy
The Treasury Secretary said the economy was slowing toward sustained growth, but warned that it could be derailed if trade barriers were raised...
New York Times - March 2, 2007
Personal Incomes Up; Construction Off Sharply
Personal incomes rose in January at the fastest rate in a year, bolstered by bonuses to highly paid executives, but construction activity fell sharply...
New York Times - March 2, 2007
Regulators in Europe Will Review Sony-BMG
The European Commission will review the merger to determine whether the deal raised the price of recorded music...
New York Times - March 2, 2007
German Phone Company Reports a Loss
Deutsche Telekom posted a loss of nearly 900 million euros ($1.18 billion), prompting the company to look abroad for growth...
New York Times - March 2, 2007
Once Again, Nortel Says It Must Restate Its Financial Results
Nortel Networks will restate its results for the fourth time in four years, a move that will delay the filing of its 2006 annual report...
New York Times - March 2, 2007
A Remote Heart Monitor Fails to Impress an F.D.A. Panel
An implanted wireless device did not keep enough patients with weak hearts out of the hospital to prove its effectiveness...
New York Times - March 2, 2007
Advertising: Away From Home, TV Ads Are Inescapable
Some advertising executives think point-of-purchase advertising may yield the highest increase in sales...
New York Times - March 2, 2007
New York Law Firms Struggle With New Restrictions on Advertising
The rule change comes after complaints about the lack of taste in billboard advertisements by several upstate law firms...
New York Times - March 2, 2007
Oracle to Buy Hyperion for $3.3 Billion
The deal is the latest in a stream of takeovers for Oracle as it seeks to surpass SAP of Germany in the market for business analysis software...
New York Times - March 2, 2007
Europeans Threaten More Fines for Microsoft
The European Commission said Microsoft was demanding unreasonable royalties from rivals seeking to link their software to the Windows operating system...
New York Times - March 2, 2007
With Top-Selling Silverado, G.M. Sales Defied Trend and Rose for Month
General Motors surprised the auto industry by posting strong sales in February, bolstered by its new Chevrolet Silverado and the GMC Sierra...
New York Times - March 2, 2007
Vivendi Raises Stakes in Fight With Deutsche Telekom
Vivendi says Deutsche Telekom colluded with a Polish investor to steal its shares in a Polish cellular company, wiping out a $2.5 billion investment...
New York Times - March 2, 2007
Buffett Seeks New (and Younger) Candidate for Top Investing Position
Warren E. Buffett said he was seeking a new candidate to become chief investment officer when he steps down...
New York Times - March 2, 2007
Trying to Make ?Care? Part of the Image of Hedge Funds
Hedge Funds Care is one in a growing number of charities that have arisen within the $1.3 trillion world of hedge funds...
New York Times - March 2, 2007
Dell Posts Sharp Declines in Earnings and Revenue
Dell?s inability to capture sales in the booming notebook computer market was reflected in its fourth-quarter financial results...
New York Times - March 2, 2007
Google Courts Small YouTube Deals
Google is forming partnerships with hundreds of smaller media companies that see value in contributing to the site...
New York Times - March 2, 2007
Greenspan Is Still Able to Move Markets
Alan Greenspan jolted stock markets by uttering the word ?recession? in private remarks, upstaging efforts by his successor to calm investors...
New York Times - March 2, 2007
A Steadier Day for Stock Markets, but a Sense of Unease Lingers
After four years of strong growth, low interest rates and prosperity, investors appear to have become too complacent about risks...
New York Times - March 2, 2007
It?s Not Only About Price at Wal-Mart
After a tumultuous year of experimentation, a new, and so far internal, definition of what Wal-Mart stands for will soon become a very public strategy...
New York Times - March 2, 2007
A Cry to Limit Chinese Imports Rings at Paper Mill
U.S. paper mills are a test case for a possible confrontation with China over tariffs on imports of Chinese-made paper...
New York Times - March 2, 2007
13 Accused of Trading as Insiders
Federal authorities exposed one of the most far-reaching insider trading schemes on Wall Street in decades...
New York Times - March 2, 2007
Two survive shipwreck off Haiti
Only two survivors have so far been found after a freighter carrying 54 caught fire and sank off Haiti...
BBC News - March 2, 2007
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