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US News Archive for November 2007:
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City Room: Something (in Yellow) for a Rainy Day
In a show of customer appreciation, some Park Slope stores are letting people borrow yellow umbrellas when they need them...
New York Times - November 30, 2007
DealBook Blog: Trying Times for Wall Street?s Women
When Zoe Cruz, who headed Morgan Stanley's trading and risk operations, was forced into early retirement Thursday, an era quietly closed. In the course of her 25-year career at Morgan Stanley, Ms. Cruz, 52, had risen to become the most senior woman executive at any Wall Street firm. Her departure can be seen as [...]...
New York Times - November 30, 2007
Injuries Reported in Train Crash
At least five people were critically injured today when an Amtrak passenger train collided with a freight train on Chicago?s South Side...
New York Times - November 30, 2007
Google to Join Spectrum Auction
Google could use the frequencies to offer nationwide wireless broadband access, competing with DSL and cable...
New York Times - November 30, 2007
Evel Knievel, Daredevil, Dies at 69
Evel Knievel was the hard-living motorcycle daredevil whose exploits made him an international icon in the 1970s...
New York Times - November 30, 2007
Suspect Is Arrested in Clinton Office Standoff
A man suspected of holding at least four people hostage at a campaign office of Senator Hillary Rodham Clinton in Rochester, N.H., is in custody...
New York Times - November 30, 2007
Slumping Motorola Replaces Its Chief
Motorola said Edward J. Zander would be succeeded by Greg Brown, the company?s chief operating officer...
New York Times - November 30, 2007
3 Held in Killing of Sean Taylor
The suspects, including two teenagers, were all from the Fort Myers, Fla., area, according to a newspaper report...
New York Times - November 30, 2007
Big Lots Profit Up But Cuts Sales View; Shares Fall
The closeout retailer reported a better-than-expected quarterly profit on improved cost controls, but said it now expects same-store sales to fall in the holiday quarter...
New York Times - November 30, 2007
Tiffany?s Posts Higher Profit and Raises Outlook
The jewelry and luxury goods retailer?s third-quarter earnings more than tripled on strong sales growth and a hefty gain on the sale and leaseback of its Tokyo flagship store...
New York Times - November 30, 2007
Roger Smith, Former G.M. Chief, Dies
The executive who tried to modernize the automaker but instead became a scapegoat for its decline is dead at 82...
New York Times - November 30, 2007
Oil Prices Fall Ahead of OPEC Meeting
Crude oil prices dipped to their lowest level in a month today, falling below $90 a barrel as investors sold amid signs of weakening demand and expectations OPEC will lift production...
New York Times - November 30, 2007
Stocks Flat After Giving Up Early Gains
After a strong opening that sent the Dow up more than 150 points, shares gave up their gains amid weaker-than-expected data on personal income and spending...
New York Times - November 30, 2007
U.S. Leans on Subprime Lenders to Freeze Rates
Treasury officials said they were pleased by the progress in persuading mortgage lenders to agree to a temporary rate freeze on subprime loans to avert foreclosures...
New York Times - November 30, 2007
Google to Join Spectrum Auction
Google could use the frequencies to offer nationwide wireless broadband access, competing with DSL and cable...
New York Times - November 30, 2007
Slumping Motorola Replaces Its Chief
Motorola said Edward J. Zander would be succeeded by Greg Brown, the company?s chief operating officer...
New York Times - November 30, 2007
TierneyLab: TierneyLab: New Debate on Female Circumcision
Should African women be allowed to engage in the practice sometimes called female circumcision? Are critics of this practice, who call it female genital mutilation, justified in trying to outlaw it, or are they guilty of ignorance and cultural imperialism? Those questions will be debated Saturday morning in Washington at the American Anthropological Association's annual [...]...
New York Times - November 30, 2007
City Room: City Room: Eau de Chien? Yes, Fragrances for Dogs
Now $60-a-bottle luxury dog scents make pets more palatable for the workplace...
New York Times - November 30, 2007
The Lede Blog: The Lede: Clarence Thomas?s Case for Shutting Up
The Supreme Court justice's case for shutting up...
New York Times - November 30, 2007
DealBook Blog: DealBook: Motorola?s Consolation Prize for Icahn
He may not have won a board seat at Motorola, but Carl Icahn seems to have gotten a consolation prize. Some might even call it revenge. After waging — and handily losing — a proxy fight with the cell-phone maker and its chief executive, Ed Zander, Mr. Icahn was probably none too sad to learn that [...]...
New York Times - November 30, 2007
Big Lots Profit Up But Cuts Sales View; Shares Fall
The closeout retailer reported a better-than-expected quarterly profit on improved cost controls, but said it now expects same-store sales to fall in the holiday quarter...
New York Times - November 30, 2007
Tiffany?s Posts Higher Profit and Raises Outlook
The jewelry and luxury goods retailer?s third-quarter earnings more than tripled on strong sales growth and a hefty gain on the sale and leaseback of its Tokyo flagship store...
New York Times - November 30, 2007
Oil Prices Fall Ahead of OPEC Meeting
Crude oil prices dipped to their lowest level in a month today, falling below $90 a barrel as investors sold amid signs of weakening demand and expectations OPEC will lift production...
New York Times - November 30, 2007
Roger Smith, Former G.M. Chief, Dies
The executive who tried to modernize the automaker but instead became a scapegoat for its demise is dead at 82...
New York Times - November 30, 2007
Chief Executive of Motorola to Step Down
Ed Zander will step down as chief executive of the troubled cell phone maker on Jan. 1. Greg Brown, president and chief operating officer, will replace him, the company said...
New York Times - November 30, 2007
Google Says It Will Bid for Wireless Spectrum
Google covets the ?C Block? of the spectrum, which carries a reserve price of $4.6 billion...
New York Times - November 30, 2007
Stocks Up After Fed Chief?s Remarks
Ben S. Bernanke reinforced the view that the Fed is likely to cut interest rates again next month, sending stocks up in early trading...
New York Times - November 30, 2007
Colt sees shares surge on report
Colt Telecom shares surge after a press report says it might be the target of a takeover by AT&T...
BBC News - November 30, 2007
Oil below $90 as supply fear dips
Oil prices fall below $90 a barrel for the first time this month on expectations that Opec will increase supply...
BBC News - November 30, 2007
Fall in home building in the US
US construction spending falls sharply, led by a large fall in the building of private homes...
BBC News - November 30, 2007
Chavez backers rally for reforms
Venezuela's President Hugo Chavez is due to address a rally to urge a vote for constitutional changes in Sunday's election...
BBC News - November 30, 2007
Brazil's Lula makes Rio slum trip
Luiz Inacio Lula da Silva makes his first visit as Brazilian president to a Rio de Janeiro shanty town...
BBC News - November 30, 2007
The Fifth Down: Is Romo the Next Favre?
Packers fans learned that the backup quarterback Aaron Rodgers can move the chains...
New York Times - November 30, 2007
Bits : The Evolution of Facebook?s Beacon
The controversial advertising program has gone through several changes since it was introduced earlier this month...
New York Times - November 30, 2007
Corzine Is Set to Revamp School Aid Formula
Gov. Jon S. Corzine of New Jersey will propose to give money to poor children outside inner-city school districts...
New York Times - November 30, 2007
Another Shanghai Figure Falls From Grace
Zhou Zhengyi was pronounced guilty on five charges, including misappropriation of funds, bribery and forging tax receipts, state media reported...
New York Times - November 30, 2007
New Look for the New Museum
The New Museum succeeds on a spectacular range of levels: as a hypnotic urban object, as a subtle critique of the art world and as a refreshingly unpretentious place to view art...
New York Times - November 30, 2007
Capital Is King Once Again
The most important question for the markets now is this: With the theory of riskless risky lending thoroughly discredited, where will new financing come from?...
New York Times - November 30, 2007
Some Essential Hardware (Even Away From the Street)
On the road for business or commuting from the suburbs, games, gadgets and high-tech devices have caught the attention of businesspeople...
New York Times - November 30, 2007
New York TV Station Takes Chance on Liquor Ads
Liquor commercials began appearing on WNBC-TV in New York, Channel 4, last Friday, without fanfare...
New York Times - November 30, 2007
No Longer a Secret, Paterno?s Base Coaching Salary Is $512,664
Penn State Coach Joe Paterno?s salary, long a secret, was released by the Pennsylvania State Employees? Retirement System after The Patriot-News of Harrisburg won a five-year court case...
New York Times - November 30, 2007
Book on Bonds Case to Become Film
HBO Films is planning to turn a best-selling book about Barry Bonds?s alleged steroid use and the government?s probe into the use of performance-enhancing drugs in sports, into a film...
New York Times - November 30, 2007
Smithfield Foods Profit Down 61%
The meat producer said its fiscal second-quarter profit dropped 61 percent due to hefty charges related to a swine fever outbreak, higher costs and lower hog prices...
New York Times - November 30, 2007
Warner Music?s Profit Slips 58% as Industry Struggles
The Warner Music Group said yesterday that its fourth-quarter profit slipped 58 percent amid a softer international market and a decline in compact disc sales...
New York Times - November 30, 2007
Heinz Earnings Rise 18% on Weak Dollar and Price Increases
The H. J. Heinz Company posted an 18 percent increase in quarterly profit yesterday as the weak dollar improved results in Europe and in emerging markets, and price increases helped offset rising ingredient costs...
New York Times - November 30, 2007
Drop in Sales of a Drug Leads to a Write-Down
Johnson & Johnson said last night that it would record a $440 million write-down to account for declining revenue from its heart-failure infusion treatment, Natrecor...
New York Times - November 30, 2007
The Rally Continues, but Just Barely
Wall Street extended its rally with modest gains in the major indexes after two days of sharp advances, despite economic readings that painted a mixed picture of the economy...
New York Times - November 30, 2007
TV Host to Pay Some of His Staff
Conan O?Brien has agreed to pay nonwriting staff members on his show their regular salaries if the strike by scriptwriters against networks and studios is not resolved...
New York Times - November 30, 2007
Dell Raises Earnings and Sales; Shares Fall
Dell, undergoing a transformation to reach consumers worldwide and a broader base of business customers, reported improved financial results that nevertheless disappointed Wall Street...
New York Times - November 30, 2007
Federal Panel Backs Abbott Heart Stent
Abbott Laboratories moved closer to joining the American market for drug-coated heart stents on Thursday as an advisory panel backed the company?s experimental device...
New York Times - November 30, 2007
Citadel Throws E*Trade a $2.55 Billion Lifeline
Citadel Investment agreed on Thursday to inject $2.55 billion into E*Trade, bolstering the company?s capital two weeks after many customers withdrew assets from the firm...
New York Times - November 30, 2007
Hedge Fund to Nominate Four for Brink?s Board
Millbrook Capital, the activist hedge fund seeking a breakup or sale of the Brink?s Company, is expected to announce its four nominees for directors of the security company...
New York Times - November 30, 2007
Appeals Court Voids Agreement to Pay Freelancers for Work Published on the Web
A federal appeals court yesterday threw out a hard-fought agreement between publishers and freelance writers to pay the writers for electronic reproduction of their work...
New York Times - November 30, 2007
Producer of Poisonous Toy Beads Issues Apology
The chairman of the Hong Kong company that manufactured millions of the toy beads said the firm had not considered the possibility that the chemicals in the beads might be poisonous...
New York Times - November 30, 2007
Sprint Is Said to Reject Offer by Investors and SK Telecom
Sprint Nextel has rejected an offer from Providence Equity Partners and SK Telecom of South Korea to replace management and invest $5 billion in the company...
New York Times - November 30, 2007
Fed Chief Offers New Hint on a Rate Cut
Ben S. Bernanke said a ?fresh wave of investor concern? led to tougher credit conditions, reinforcing views that the Fed will cut interest rates at its next meeting...
New York Times - November 30, 2007
Study Details How U.S. Could Cut 28% of Greenhouse Gases
A new report says the country is brimming with opportunities to reduce carbon dioxide emissions, while saving money at the same time...
New York Times - November 30, 2007
China Agrees to Remove Certain Export Subsidies
China agreed Thursday to terminate a dozen different subsidies and tax rebates that promote its own exports and discourage imports of steel, wood products, information technology and other goods...
New York Times - November 30, 2007
Economy Surged in Summer; Trend Isn?t Expected to Last
The economy?s performance was the strongest in four years but is not expected to last through the current quarter amid the housing slump and credit squeeze...
New York Times - November 30, 2007
Sears Profit Plunges; Cost Cuts Get Blame
Sears Holding, the owner of the Sears and Kmart chains, said profit for the third quarter plunged a startling 99 percent, from $196 million last year to just $2 million...
New York Times - November 30, 2007
Morgan Stanley Executive Ousted After Trading Loss
Morgan Stanley said Zoe Cruz, a co-president who oversaw all the firm?s trading and risk operations, would retire, effective immediately...
New York Times - November 30, 2007
Venezuela?s Fateful Choice
Western officials are concerned that Venezuela, under the leadership of President Hugo Chávez, is becoming increasingly opaque in its finances...
New York Times - November 30, 2007
Striking Screenwriters Dismiss New Proposals
Striking screenwriters on Thursday night dismissed a new set of proposals from producers as ?a massive rollback,? and called on their members to continue their walkout...
New York Times - November 30, 2007
Facebook Retreats on Online Tracking
Faced with its second mass protest by members in its short life span, Facebook is reining in some aspects of a controversial new advertising program...
New York Times - November 30, 2007
Florida Freezes Its Fund as Governments Pull Out
Seeking to stem a multibillion-dollar run on an investment pool for local governments, top Florida officials voted to suspend withdrawals from the fund...
New York Times - November 30, 2007
Oxygen Suppliers Fight to Keep a Medicare Boon
Medicare spends billions of dollars each year on products and services that are available at far lower prices...
New York Times - November 30, 2007
Dell profits up but under target
Dell sees quarterly profits rise on stronger laptop sales, but narrowly misses analyst forecasts...
BBC News - November 30, 2007
Tennis: Russia face US
Russia omit top player Nikolay Davydenko from the opening singles matches in the Davis Cup final against the USA...
BBC News - November 30, 2007
Ecuador bids to quell oil protest
Ecuador's president declares a state of emergency in an Amazon province after protests hit oil production...
BBC News - November 30, 2007
Brazil's Lula to visit Rio slum
Luiz Inacio Lula da Silva is to make his first visit as Brazilian president to a Rio de Janeiro shanty town...
BBC News - November 30, 2007
Morgan Stanley boss leaves
Morgan Stanley co-president Zoe Cruz is to retire, seen as the latest casualty of the US sub-prime crisis...
BBC News - November 30, 2007
The Lede Blog: Somali Pirates Face 2 New Threats
If two initiatives succeed, Somali pirates could be severely constrained...
New York Times - November 30, 2007
The Caucus: CNN Debate Draws Fire From Blogs
Republican-leaning bloggers find much at fault with the CNN/YouTube debate...
New York Times - November 30, 2007
A New Push to Roll Back ?Don?t Ask, Don?t Tell?
Twenty eight retired generals and admirals plan to release a letter on Friday urging Congress to repeal a law that allows gay men and lesbians to serve in the military but only if they keep their orientation secret...
New York Times - November 30, 2007
Polishing Sets and Lines, Broadway Comes Back
After a strike that shut down Broadway theaters for 19 days, some shows raced the clock to get the curtain up...
New York Times - November 30, 2007
Food Banks, in a Squeeze, Tighten Belts
Food banks around the country are reporting critical shortages that have forced them to ration supplies...
New York Times - November 30, 2007
Cowboys 37, Packers 27: Romo, T.O. Stand Tall as Injuries Fell Favre
Terrell Owens, Tony Romo and the Cowboys stamped their claim to N.F.C. supremacy after Green Bay lost Brett Favre, who injured his right arm in the second quarter...
New York Times - November 30, 2007
Citing Statistics, Giuliani Misses Time and Again
Both Mitt Romney and Democrats have accused Rudolph W. Giuliani of a pattern of misleading figures and have begun to use the issue to try to undercut his credibility...
New York Times - November 30, 2007
Advertising: New York TV Station Takes Chance on Liquor Ads
Liquor commercials began appearing on WNBC-TV in New York, Channel 4, last Friday, without fanfare...
New York Times - November 30, 2007
No Longer a Secret, Paterno?s Base Coaching Salary Is $512,664
Penn State Coach Joe Paterno?s salary, long a secret, was released by the Pennsylvania State Employees? Retirement System after The Patriot-News of Harrisburg won a five-year court case...
New York Times - November 30, 2007
Some Essential Hardware (Even Away From the Street)
On the road for business or commuting from the suburbs, games, gadgets and high-tech devices have caught the attention of businesspeople...
New York Times - November 30, 2007
Book on Bonds Case to Become Film
HBO Films is planning to turn a best-selling book about Barry Bonds?s alleged steroid use and the government?s probe into the use of performance-enhancing drugs in sports, into a film...
New York Times - November 30, 2007
Smithfield Foods Profit Down 61%
The meat producer said its fiscal second-quarter profit dropped 61 percent due to hefty charges related to a swine fever outbreak, higher costs and lower hog prices...
New York Times - November 30, 2007
Warner Music?s Profit Slips 58% as Industry Struggles
The Warner Music Group said yesterday that its fourth-quarter profit slipped 58 percent amid a softer international market and a decline in compact disc sales...
New York Times - November 30, 2007
Heinz Earnings Rise 18% on Weak Dollar and Price Increases
The H. J. Heinz Company posted an 18 percent increase in quarterly profit yesterday as the weak dollar improved results in Europe and in emerging markets, and price increases helped offset rising ingredient costs...
New York Times - November 30, 2007
Drop in Sales of a Drug Leads to a Write-Down
Johnson & Johnson said last night that it would record a $440 million write-down to account for declining revenue from its heart-failure infusion treatment, Natrecor...
New York Times - November 30, 2007
The Rally Continues, but Just Barely
Wall Street extended its rally with modest gains in the major indexes after two days of sharp advances, despite economic readings that painted a mixed picture of the economy...
New York Times - November 30, 2007
TV Host to Pay Some of His Staff
Conan O?Brien has agreed to pay nonwriting staff members on his show their regular salaries if the strike by scriptwriters against networks and studios is not resolved...
New York Times - November 30, 2007
Dell Raises Earnings and Sales; Shares Fall
Dell, undergoing a transformation to reach consumers worldwide and a broader base of business customers, reported improved financial results that nevertheless disappointed Wall Street...
New York Times - November 30, 2007
Citadel Throws E*Trade a $2.55 Billion Lifeline
Citadel Investment agreed on Thursday to inject $2.55 billion into E*Trade, bolstering the company?s capital two weeks after many customers withdrew assets from the firm...
New York Times - November 30, 2007
Federal Panel Backs Abbott Heart Stent
Abbott Laboratories moved closer to joining the American market for drug-coated heart stents on Thursday as an advisory panel backed the company?s experimental device...
New York Times - November 30, 2007
Hedge Fund to Nominate Four for Brink?s Board
Millbrook Capital, the activist hedge fund seeking a breakup or sale of the Brink?s Company, is expected to announce its four nominees for directors of the security company...
New York Times - November 30, 2007
Appeals Court Voids Agreement to Pay Freelancers for Work Published on the Web
A federal appeals court yesterday threw out a hard-fought agreement between publishers and freelance writers to pay the writers for electronic reproduction of their work...
New York Times - November 30, 2007
Sprint Is Said to Reject Offer by Investors and SK Telecom
Sprint Nextel has rejected an offer from Providence Equity Partners and SK Telecom of South Korea to replace management and invest $5 billion in the company...
New York Times - November 30, 2007
Study Details How U.S. Could Cut 28% of Greenhouse Gases
A new report says the country is brimming with opportunities to reduce carbon dioxide emissions, while saving money at the same time...
New York Times - November 30, 2007
China Agrees to Remove Certain Export Subsidies
China agreed Thursday to terminate a dozen different subsidies and tax rebates that promote its own exports and discourage imports of steel, wood products, information technology and other goods...
New York Times - November 30, 2007
Economy Surged in Summer; Trend Isn?t Expected to Last
The economy?s performance was the strongest in four years but is not expected to last through the current quarter amid the housing slump and credit squeeze...
New York Times - November 30, 2007
Sears Profit Plunges; Cost Cuts Get Blame
Sears Holding, the owner of the Sears and Kmart chains, said profit for the third quarter plunged a startling 99 percent, from $196 million last year to just $2 million...
New York Times - November 30, 2007
Morgan Stanley Executive Ousted After Trading Loss
Morgan Stanley said Zoe Cruz, a co-president who oversaw all the firm?s trading and risk operations, would retire, effective immediately...
New York Times - November 30, 2007
Venezuela?s Fateful Choice
Western officials are concerned that Venezuela, under the leadership of President Hugo Chávez, is becoming increasingly opaque in its finances...
New York Times - November 30, 2007
Striking Screenwriters Dismiss New Proposals
Striking screenwriters on Thursday night dismissed a new set of proposals from producers as ?a massive rollback,? and called on their members to continue their walkout...
New York Times - November 30, 2007
Facebook Retreats on Online Tracking
Faced with its second mass protest by members in its short life span, Facebook is reining in some aspects of a controversial new advertising program...
New York Times - November 30, 2007
Florida Freezes Its Fund as Governments Pull Out
Seeking to stem a multibillion-dollar run on an investment pool for local governments, top Florida officials voted to suspend withdrawals from the fund...
New York Times - November 30, 2007
Golden Opportunities: Oxygen Suppliers Fight to Keep a Medicare Boon
Medicare spends billions of dollars each year on products and services that are available at far lower prices, according to a New York Times analysis of federal data...
New York Times - November 30, 2007
Ecuador forum dissolves Congress
A new assembly elected to rewrite Ecuador's constitution begins work by dissolving the opposition-led Congress...
BBC News - November 30, 2007
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