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US News Archive for August 2007:
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At least 7 killed in Minnesota bridge collapse
At least seven people were killed when an interstate bridge in Minneapolis, Minnesota, collapsed Wednesday evening, in what the governor called a "catastrophe of historic proportions." full story...
CNN - August 2, 2007
Gonzales: 'I may have created confusion'
With potential perjury accusations hanging over him, embattled Attorney General Alberto Gonzales sent a letter to Senate leaders Wednesday acknowledging he "may have created confusion" in his previous testimony. full story...
CNN - August 2, 2007
Rice Meets With Palestinian Cabinet
RAMALLAH, West Bank (AP) -- Secretary of State Condoleezza Rice assured Palestinian leaders Thursday that a U.S.-sponsored Mideast peace conference this fall is meant to get them closer to establishing an independent state and that Israel is ready now to discuss fundamental issues...
New York Times - August 2, 2007
Safety Violations Cited for Deaths in Subway Work
Flawed safety procedures and lax ?organizational culture? led to the deaths of two workers in April, reports found...
New York Times - August 2, 2007
Education Dept. Criticized as Lax in Policing Loans
The department still has no system to detect misconduct by lenders and protect student borrowers, a new government report says...
New York Times - August 2, 2007
Bridge Collapse in Minneapolis Kills at Least 7
An Interstate highway bridge in downtown Minneapolis loaded with rush-hour traffic dropped more than 60 feet into the Mississippi River...
New York Times - August 2, 2007
Markets uneasy despite US rally
Global stock markets remain highly volatile despite a late rally on Wall Street which saw shares close ahead...
BBC News - August 2, 2007
Obama warns Pakistan on al-Qaeda
US presidential hopeful Barack Obama says he would order a strike on al-Qaeda in Pakistan even without Pakistan's consent...
BBC News - August 2, 2007
Bush orders Rove not to testify
US President Bush orders close adviser Karl Rove not to testify before Congress on the sacking of federal attorneys...
BBC News - August 2, 2007
US marine guilty over Iraq plot
A US marine is found guilty of kidnapping and conspiring to murder an Iraqi civilian near Baghdad in 2006...
BBC News - August 2, 2007
Black must await sentence in US
Conrad Black cannot travel to Canada while he awaits sentencing in his fraud trial, a US judge rules...
BBC News - August 2, 2007
Highway bridge falls into Mississippi River
A four-lane interstate bridge spanning the Mississippi River collapsed Wednesday during evening rush hour in Minneapolis, Minnesota, sending vehicles crashing into the water. At least seven people are confirmed dead. full story...
CNN - August 2, 2007
Sunni bloc leaves Iraq government
Upset over being "marginalized," Iraq's largest Sunni political bloc Wednesday made good on a threat to leave the cabinet. The move, which will likely further cripple the embattled Shiite-dominated government of Prime Minister Nuri al-Maliki, came on the same day as a wave of bombings shook Baghdad and left dozens of people dead. full story...
CNN - August 2, 2007
Gonzales Offers a Defense to Senate Panel
Attorney General Alberto R. Gonzales said he had been truthful in denying that there had been disagreements about a wiretapping program...
New York Times - August 2, 2007
House Passes Children?s Health Plan 225-204
The Children?s Health Insurance Program would be financed with increases in tobacco taxes and cuts in subsidies to private Medicare insurance plans...
New York Times - August 2, 2007
In Fox News, Giuliani Finds a Friendly Stage
Rudolph W. Giuliani is facing increased scrutiny over his friendship with Roger Ailes, the head of Fox News...
New York Times - August 2, 2007
Congressional Memo: Senate May End an Era of Cloakroom Anonymity
The Senate hold has been used to tie the chamber in knots by allowing senators to anonymously block legislation...
New York Times - August 2, 2007
G.A.O. Study Cites Loose Oversight of College Loans
The federal Department of Education still has no system to detect and uncover misconduct by lenders and protect student borrowers, a new government report says...
New York Times - August 2, 2007
Bridge Collapse in Minneapolis Kills at Least 7
An Interstate highway bridge in downtown Minneapolis loaded with rush-hour traffic dropped more than 60 feet into the Mississippi River tonight, sending at least 50 cars and passengers into the water below...
New York Times - August 2, 2007
Marvin Zindler, 85, Crusader in ?Whorehouse in Texas? Case, Is Dead
Marvin Zindler was an antic and a television crusader who became known when he had ?the best little whorehouse in Texas? closed on corruption grounds...
New York Times - August 2, 2007
World Business Briefing: South Korea: Exports Surge
South Korea?s exports grew at the fastest rate in six months in July, as global demand was strong enough to counter the effects of a stronger won...
New York Times - August 2, 2007
Elle Has a Little Work Done
A fashion magazine in need of a makeover elbows aside its longtime creative team...
New York Times - August 2, 2007
World Business Briefing: Luxembourg: Profit Up at Steel Maker
Arcelor Mittal, the world?s biggest steel maker, reported a 50 percent increase in second-quarter profit, more than analysts had estimated, after raising prices in Europe and the Americas and accelerating cost savings...
New York Times - August 2, 2007
World Business Briefing: Germany: Unit Gives Bank a Lift
Deutsche Bank said its second-quarter profit surged 31 percent as its investment banking business proved to be solid amid global market jitters over the subprime mortgage crisis in the United States...
New York Times - August 2, 2007
World Business Briefing: Japan: Land Values Rise
Japanese land prices rose 8.6 percent last year, more than nine times faster than in 2005, when a 16-year property slump ended as the country?s economy rebounded...
New York Times - August 2, 2007
World Business Briefing: Italy: Airline Names Chairman
The troubled Italian airline Alitalia named a new chairman and postponed a decision on a long-awaited business plan...
New York Times - August 2, 2007
Panel Approves China Bill
The Senate Banking Committee approved legislation that seeks to force China to raise the value of its currency against the dollar...
New York Times - August 2, 2007
Sales Buoy Software Firm
CA Inc., which makes management software, said first-quarter profits were up sharply...
New York Times - August 2, 2007
Cigna Profit Slips on Enrollment Decline
The health insurer Cigna saw net income drop to $198 million due in part to a decline in enrollment in its health plans...
New York Times - August 2, 2007
MasterCard Meets Most Estimates
MasterCard saw its second-quarter profit nearly double, but shares slid after the company fell short of the most optimistic analyst estimates...
New York Times - August 2, 2007
Jones Apparel Posts Net Loss, Sending Shares Down Sharply
Falling sales, discontinued operations and one-time restructuring costs led the apparel company to post a net loss of $47.1 million in the second quarter...
New York Times - August 2, 2007
Electronic Arts Beats Expectations Despite Wider Loss
Video game-maker Electronic Arts managed to beat expectations despite an ongoing reorganization and continued losses...
New York Times - August 2, 2007
Qwest Says Its Profit Doubled in 2nd Quarter
The communications company said that it has been adding customers for its bundled packages of Internet, phone and TV services...
New York Times - August 2, 2007
9% Rise in Profit for Starbucks
Starbucks opened 668 new stores in the second quarter and said it plans to continue expanding at a rapid pace next year...
New York Times - August 2, 2007
Sales and Profits Climb for E.D.S.
The technology-services company Electronic Data Systems saw a rise in second-quarter profits but offered a tepid outlook for the third quarter...
New York Times - August 2, 2007
Time Warner Gains Are Led by Cable TV
Strong results from cable TV were clouded by a slowdown in advertising growth at Time Warner?s AOL Internet unit...
New York Times - August 2, 2007
Manufacturing Grows, but Slowly
Manufacturing in the U.S. grew for the sixth consecutive month in July, but expansion was the slowest since March...
New York Times - August 2, 2007
Murdoch and Dow Jones Pick 5 to Safeguard Wall St. Journal
Five people were named to a committee intended to protect the editorial independence of the Wall Street Journal when it becomes part of News Corporation...
New York Times - August 2, 2007
Martha Stewart Extends Losses
A drop off in sales at Kmart and expenses related to a redesign of the company?s website led to a net loss of $6.74 million in the second quarter...
New York Times - August 2, 2007
F.D.A. Suspends Plan to Close Many of Its Field Laboratories
The F.D.A. will not proceed until it receives a special panel report on how to better guarantee the safety of imported foods and other products...
New York Times - August 2, 2007
As Ex-Leader Awaits Sentencing, Hollinger Files for Bankruptcy
Bankruptcy papers were filed in U.S. and Canadian courts while a judge blocked Conrad Black?s request to travel to Canada while he awaiting sentencing on his fraud conviction...
New York Times - August 2, 2007
High Sales and Share Buybacks Help Lift Kraft?s Quarterly Profit
The nation?s biggest food and beverage maker said profits rose 3.7 percent in the second quarter and raised their fiscal year guidance...
New York Times - August 2, 2007
Alan M. Pottasch, 79, Dies; Creator of ?Pepsi Generation?
Mr. Pottasch led the team at BBDO that created iconic Pepsi commercials in the 1960s and ?70s and became known as the ?father of the Pepsi Generation.?...
New York Times - August 2, 2007
Stocks & Bonds: A Last-Minute Rally Saves the Day, if Not the Week
The Dow Jones industrial average closed up 150.38 on Wednesday after a late rally, with technology stocks among the biggest gainers...
New York Times - August 2, 2007
House to Leave Fuel Efficiency Out of Debate on Energy Bill
House Speaker Nancy Pelosi decided not to allow a vote on an amendment that would have required cars and light trucks to achieve a fleet average of 35 miles per gallon by 2019...
New York Times - August 2, 2007
Lazard Posts 2.2% Profit Decline
Lazard says its assert management business keeps growing while its mergers and acquisitions advisory work dropped slightly...
New York Times - August 2, 2007
Content Makers Are Accused of Exaggerating Copyright
An association of companies, including Google and Microsoft, allege that overstated copyright warnings may intimidate consumers from making legal used of copyrighted material...
New York Times - August 2, 2007
Novartis Faces Class Action Over Sex Bias
The suit, brought on behalf of female drug sales workers at Novartis, claim the company discriminated against them in pay, promotions and personnel evaluations...
New York Times - August 2, 2007
You See Duct Tape, They See a Moneymaker
Dozens of small businesses are thriving by making products like handbags, wallets and jewelry out of duct tape...
New York Times - August 2, 2007
Advertising: CNBC Admirers Talk About Their Climb Up the Ladder
CNBC has launched a new advertising campaign that features prominent executives describing their views on business and leadership...
New York Times - August 2, 2007
Foreign Automakers Pass Detroit in Monthly Sales
American companies lost their leadership of the domestic car market in July, a dismal month for sales...
New York Times - August 2, 2007
Surviving Without Subsidies
Despite dire forecasts when the New Zealand government ended agricultural subsidies in the 1980s, the farming business there is now thriving...
New York Times - August 2, 2007
The Side Deal in the Deal for Dow Jones
Did the last-minute side deal for News Corporation to pay the Bancroft family?s advisers? fees influence the advice the family received?...
New York Times - August 2, 2007
Lead Paint Prompts Mattel to Recall 967,000 Toys
The maker of Barbie dolls and Hot Wheels cars is recalling the toys because of lead paint...
New York Times - August 2, 2007
Baseball Gets Into Resale of Tickets
Major League Baseball has struck a revenue-sharing deal with StubHub to allow fans to resell or buy tickets online...
New York Times - August 2, 2007
Getty to return Italian treasures
The Getty Museum in Los Angeles agrees to hand back priceless antiquities which Italy says were looted...
BBC News - August 2, 2007
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