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US News Archive for May 2007:
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Sarkozy, Royal clash in TV debate
French Socialist presidential candidate Segolene Royal and her rightist rival Nicolas Sarkozy exchanged verbal jabs during an ill-tempered, televised debate on Wednesday that could determine the winner of Sunday's run-off election...
CNN - May 2, 2007
KKK witness speaks from the grave
In life, FBI informant Earnest Gilbert so feared his fellow Ku Klux Klansmen that he never had the courage to testify about the 1964 killings of two black teenagers. In death, his voice is finally being heard in a courtroom...
CNN - May 2, 2007
Sarkozy, Royal spar in TV debate
French Socialist presidential candidate Segolene Royal and her rightist rival, Nicolas Sarkozy, exchanged verbal jabs Wednesday during an ill-tempered, televised debate ahead of Sunday's run-off election...
CNN - May 2, 2007
Experts: No safe Iraq exit
Pulling U.S. forces from Iraq could trigger catastrophe, CNN analysts and other observers warn, affecting not just Iraq but its neighbors in the Middle East, with far-reaching global implications...
CNN - May 2, 2007
Yankees Fire Strength Coach
After a rash of injuries, several players had opted out of Marty Miller?s strength and conditioning program...
New York Times - May 2, 2007
Wolfowitz Gets Chilly Reception in Brussels
Attending a conference, the president of the World Bank was forced to dodge questions about an intensifying ethics scandal...
New York Times - May 2, 2007
Israel?s Foreign Minister Says Olmert Should Go
The statement by Tzipi Livni added to pressure on the prime minister, but it disappointed some of his critics, who were expecting her to lead a rebellion...
New York Times - May 2, 2007
House Fails to Override Bush Veto on Iraq
The 222 to 203 vote today clears the stage for negotiations between the president and lawmakers on a new Iraq spending bill...
New York Times - May 2, 2007
How a Number Became the Latest Web Celebrity
Internet users have banded together to distribute a code used to prevent illegal copying of high-definition movies...
New York Times - May 2, 2007
A Corner Deli With International Appeal
Zingerman?s in Ann Arbor, Mich., turns 25 and continues to expand its gourmet enterprise...
New York Times - May 2, 2007
Sprint Nextel Reports a First-Quarter Loss
The company lost $211 million as high-value wireless customers defected to competitors...
New York Times - May 2, 2007
Cablevision to Sell Itself to the Dolans
The $10.5 billion deal resolves the tortured stalemate between the Dolans and the board over the future of the company...
New York Times - May 2, 2007
Card use growth lifts Mastercard
Mastercard sees quarterly profits jump 70% on increased cards useage and the weakness of the dollar...
BBC News - May 2, 2007
Founders to buy out Cablevision
Cable TV firm Cablevision Systems says it is going to be taken private in a deal valuing it at $22bn (£11.1bn)...
BBC News - May 2, 2007
Tape aired of fatal 1970 US rally
A recording is aired of a 1970 protest at a US university in which the National Guard killed four students...
BBC News - May 2, 2007
Scottish Nationalists? Lead Narrows
Britain?s ruling Labor Party registered a last-minute gain to make a crucial regional election too close to call, according to an opinion survey published in The Scotsman newspaper...
New York Times - May 2, 2007
Consolation After Thai Coup: Buying a Soccer Club
Thaksin Shinawatra, the former Thai prime minister, has taken the first step toward purchasing Manchester City...
New York Times - May 2, 2007
Israel?s Foreign Minister Says Olmert Should Resign
The statement by Tzipi Livni added to the pressure against the prime minister, but it disappointed some of his critics, who were expecting her to lead a rebellion...
New York Times - May 2, 2007
Cablevision Agrees to Sell Itself to the Dolans
The $10.5 billion deal resolved a long impasse over the company?s future...
New York Times - May 2, 2007
Stars attend funeral of Valenti
Hollywood and Washington have paid their respects to Jack Valenti, a former head of the Motion Picture Association of America...
BBC News - May 2, 2007
Bush promotes Colombia trade
US President George W Bush urges Congress to ratify a free trade deal with Colombia, stalled since November...
BBC News - May 2, 2007
Browne 'may face perjury charges'
BP's former chief executive John Browne is facing the threat of perjury charges for giving false testimony in court over his private life, British media reports said on Wednesday...
CNN - May 2, 2007
Iraq talks follow Bush veto
President Bush's veto of a war-spending bill that called for the withdrawal of most U.S. troops sparked a new round of finger-pointing and renewed talks aimed at forging a compromise. Congressional leaders were heading to the White House on Wednesday...
CNN - May 2, 2007
Poll Shows Tighter Election in Scotland
Britain?s ruling Labor Party registered a last-minute gain to make the race too close to call, according to an opinion survey published in The Scotsman newspaper...
New York Times - May 2, 2007
Bush vetoes Iraq war funding bill
U.S. President George W. Bush vetoes a $124 billion war-spending bill because it includes an Iraq pullout timetable, a provision he says sets a date for failure. Bush will invite congressional leaders to the White House on Wednesday to discuss a compromise...
CNN - May 2, 2007
Iraq office accused of having sectarian agenda
Iraq's prime minister has created an entity within his government that U.S. and Iraqi military officials say is being used to carry out an extreme Shiite agenda that is worsening the country's sectarian divide...
CNN - May 2, 2007
Bush vetoes war funding bill calling for withdrawal
Four years to the day after declaring "major combat operations" in Iraq over, President Bush vetoed a war-spending bill that calls for pulling American combat troops out of the conflict...
CNN - May 2, 2007
Yankees 10, Rangers 1: A No-Hit Bid by Hughes Ends With a Leg Injury
Working on a no-hitter in his second major league start, Phil Hughes had one out in the seventh inning when he grabbed his left hamstring and was forced from the game...
New York Times - May 2, 2007
Interior Official Steps Down Over Rules Violation
The resignation came a month after the department?s inspector general issued a report that said she violated federal rules by giving industry lobbyists internal agency documents...
New York Times - May 2, 2007
News Analysis: After Chirac, Questions on French Foreign Policy
The world outside France?s borders has mattered little throughout the presidential contest between Nicolas Sarkozy and Ségolène Royal...
New York Times - May 2, 2007
Immigrant Rights Rallies Smaller Than Last Year
Some of the largest of today?s immigrants? rights demonstrations were held in Los Angeles and in Chicago...
New York Times - May 2, 2007
Privacy Laws Slow Efforts on Gun-Buyer Data
State privacy laws have thwarted repeated efforts to improve the reporting of mental health records to the federal database used for background checks...
New York Times - May 2, 2007
Study of N.B.A. Sees Racial Bias in Calling Fouls
A study suggests that a racial bias found in other parts of American society also exists on the basketball court...
New York Times - May 2, 2007
Giuliani?s Tie to Texas Law Firm May Pose Risk
A firm that lobbies aggressively for coal-fired power plants has helped Rudolph W. Giuliani to gain support in Texas...
New York Times - May 2, 2007
World Business Briefing: Canada: Loblaw Profit Falls
The Loblaw Companies, a supermarket chain, reported a decline in first-quarter profit, hurt by restructuring charges. Loblaw said it earned 54 million Canadian dollars ($48 million), down from 140 million Canadian dollars a year earlier. Loblaw said it took a charge of 75 million Canadian dollars for restructuring costs in the first quarter and a charge of 14 million Canadian dollars related to the closing of stores in the Quebec and Atlantic markets. Sales in the quarter gained 3.3 percent, to 6.347 billion Canadian dollars. Sales at stores open at least a year rose 2.4 percent...
New York Times - May 2, 2007
World Business Briefing: South Korea: Trade Surplus Narrows
South Korea?s trade surplus unexpectedly narrowed in April as import costs accelerated because of price increases for oil and natural resources, the government said. The trade surplus narrowed 27 percent, to $799 million, from $1.10 billion a year earlier, the Ministry of Commerce, Industry and Energy said in a preliminary report. Exports rose 17.8 percent, to $30.15 billion, while imports jumped 19.9 percent, to $29.35 billion, the figures showed. Exports were raised by demand for semiconductors, automobiles, steel and machinery...
New York Times - May 2, 2007
World Business Briefing: Britain: Manufacturing Slows
British manufacturing slowed in April as expected, but price growth rebounded to near record levels, a survey showed. The Chartered Institute of Purchasing and Supply/Royal Bank of Scotland purchasing managers? index fell to 53.9 in April from a downwardly revised 54.2 in March. Analysts had predicted a decline to 54.0. The data is unlikely to alter expectations that the Bank of England will raise interest rates to 5.5 percent next week...
New York Times - May 2, 2007
World Business Briefing: Canada: Barrick Takes a Charge
The Barrick Gold Corporation reported a first-quarter loss as it took a $557 million charge to exit hedge positions and take advantage of strong spot gold prices. Barrick, the world?s biggest gold producer, reported a loss of $159 million, or 18 cents a share, in contrast to a year-earlier profit of $224 million, or 29 cents a share. Stripping out the charge to eliminate forward sales contracts, adjusted earnings were $398 million, or 45 cents a share, up from $263 million, or 33 cents a share. Barrick said its hedge book for current production has been completely eliminated...
New York Times - May 2, 2007
Online Video Deals
Joost, the online video network, has landed several programming deals as it prepares to introduce its service to the public this month...
New York Times - May 2, 2007
DreamWorks Profit Rises
The studio behind the ?Shrek? movies, reported a higher first-quarter profit, driven by home video sales for ?Over the Hedge.?...
New York Times - May 2, 2007
Australian Rate Is Steady
Australia?s central bank kept its benchmark interest rate unchanged...
New York Times - May 2, 2007
Proxy Adviser Opposes Clear Channel Bid
The influential proxy advisory firm Institutional Shareholder Services said the upgraded bid is still too low...
New York Times - May 2, 2007
A Retirement Set at Morgan Stanley
The company?s chief financial officer, David H. Sidwell, who helped guide the investment bank to recovery after a tumultuous 2005, will retire at the end of this year...
New York Times - May 2, 2007
Loss at Chiquita Brands Is Greater Than Expected
The company was hurt by higher costs, lower banana prices in Europe and a charge related to a decision to exit unprofitable farms in Chile...
New York Times - May 2, 2007
Archer Daniels Profit Rises, but Shares Fall
The nation?s leading producer of ethanol said that quarterly profit rose 4 percent but fell short of forecasts...
New York Times - May 2, 2007
MetLife?s Profit Rises 38%
The insurance giant said that first-quarter profit rose 38 percent compared with a year ago and that it had amassed a record $537.8 billion in total assets...
New York Times - May 2, 2007
Sirius Loss Narrows and Beats Estimates
Sirius Satellite Radio posted a narrower first-quarter loss as the company attracted more subscribers than analysts estimated...
New York Times - May 2, 2007
National City to Pay $1.9 Billion for Bank and a Chicago Presence
The National City Corporation said it would buy MAF Bancorp for $1.9 billion to expand in the Chicago area and enter Wisconsin...
New York Times - May 2, 2007
Strong Sales in Russia and China Help Avon
Avon reported quarterly profit that topped Wall Street expectations, helped by strong sales in China and Russia...
New York Times - May 2, 2007
Stocks & Bonds: Shares Rise on New Interest in Takeovers
A bid for the media company Dow Jones & Company revived enthusiasm about takeover activity...
New York Times - May 2, 2007
New Patent Trial Sought by Vonage
Vonage is seeking a retrial of its patent infringement case in light of a recent landmark patent ruling by the Supreme Court...
New York Times - May 2, 2007
Procter & Gamble Earnings Up 14% in Quarter
Quarterly earnings rose 14 percent on higher sales of its health products and razors...
New York Times - May 2, 2007
Icahn Uses Ad in Seeking Seat on Motorola
The billionaire investor Carl C. Icahn stepped up his campaign to get a seat on Motorola?s board by publishing a full-page advertisement in The Wall Street Journal...
New York Times - May 2, 2007
Hollinger Money Diverted Improperly, Ex-Director Says
Former Gov. James R. Thompson of Illinois told jurors that Hollinger executives improperly diverted more than $15 million to a holding company...
New York Times - May 2, 2007
Square Feet: Placing Bets on a Strong Manhattan Market
Speculative developers are, for the first time in almost two decades, numerous enough to rub elbows...
New York Times - May 2, 2007
Factory Work Expanding at Best Pace in 11 Months
Manufacturing expanded last month at its fastest pace in almost a year, while pending home sales in March fell to their lowest in four years...
New York Times - May 2, 2007
Try Shopping Around for Student Loans
There are many options for students loans, and those who choose smartly are at an enormous advantage...
New York Times - May 2, 2007
Cyberonics Names Chief and Says Marketing Will Shift
The troubled maker of implantable stimulators said it had recruited a senior Boston Scientific marketing executive to become its chief executive...
New York Times - May 2, 2007
In a Reversal, U.S. Says Medicare Won?t Cover Stents for Neck Arteries
The government dropped its plans to expand Medicare coverage for the use of stents to prop open neck arteries to prevent strokes...
New York Times - May 2, 2007
Teaching the Color Printer the Language of Humanity and a Palette of Precision
Xerox has introduced software that allows the user to adjust the shadings on a color printer by using simple English...
New York Times - May 2, 2007
Ex-Newsweek Editor to Join NBC as a Senior Vice President
Mark Whitaker was named senior vice president for news, a job that will make him the No. 2 executive in the network?s news division...
New York Times - May 2, 2007
BP Chief Quits Over Revelations About Sex Life
John Browne resigned after losing a court battle with a tabloid over his sexual relationship with a younger man...
New York Times - May 2, 2007
Cablevision Nears Deal With Dolans
Cablevision Systems is nearing a deal to sell itself to its founding family, the Dolans, for about $10.5 billion...
New York Times - May 2, 2007
New Accents in the U.S. Economy
A group of successful and suddenly multinational Latin American companies are mounting a broadening surge of investment in the U.S...
New York Times - May 2, 2007
Rupert Murdoch Offers $5 Billion Bid for Dow Jones
The unsolicited offer could set in motion the kind of takeover saga that readers might find in The Wall Street Journal, the flagship publication of Dow Jones...
New York Times - May 2, 2007
[TS] Talking Business: Now Murdoch Must Persuade the Family
Rupert Murdoch made a bid so high that it may well begin the process of moving the Bancroft family in his direction...
New York Times - May 2, 2007
Yum Brands Makes Gains, Mostly in Sales at China Unit
The restaurant chain which operates KFC and Taco Bell reported strong first-quarter earnings, despite public relations disasters...
New York Times - May 2, 2007
Qwest Net Nearly Triples as Costs Fall and Internet Unit Gains
The surge in profit was not accompanied by sales growth, a sign that the company was still struggling to transform itself...
New York Times - May 2, 2007
Square Feet: A Warning on Risk in Commercial Mortgages
Bond rating agencies are beginning to crack down on what they see as risky lending practices in commercial real estate...
New York Times - May 2, 2007
Advertising: Like a Politician, Delta Hits the Comeback Trail
Delta is attempting to restore luster to its tarnished brand image by hiring an agency known for their work with political candidates...
New York Times - May 2, 2007
A Crossover Helps Ford, but Not Enough to Hold Its No. 2 Spot
The Edge crossover vehicle is meeting its sales expectations, but it could not prevent Toyota from replacing Ford as the second-largest seller of vehicles in the U.S...
New York Times - May 2, 2007
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