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US News Archive for August 2007:
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Final S. Korean hostages freed by Taliban
Taliban kidnappers Thursday released the seven remaining South Korean hostages and handed them over to Red Cross officials, Afghan and Taliban officials said. full story...
CNN - August 30, 2007
Craig alleges entrapment on tape
Sen. Larry Craig denied in his arrest interview he was trying to engage in lewd behavior in an airport bathroom and suggested he was entrapped by the arresting officer, according to audiotape of the interview released Thursday. full story...
CNN - August 30, 2007
US Open Blog: Roddick Beats Acasuso in 3 Sets
Andy Roddick. (Kevin Lamarque/Reuters) Andy Roddick, the fifth-seeded American, celebrated his 25th birthday today by advancing to the third round when Jose Acasuso retired from their match with the score at 4-6, 6-2, 6-1. Acasuso, an Argentinian ranked 70th, limped off the Ashe Stadium court with his left thigh heavily taped. He had dictated play early, [...]...
New York Times - August 30, 2007
City Room: Iraqi Chemical Agent Is Found at U.N.
The substance, recovered from an Iraqi munitions factory in 1996, was removed today by a Haz-Mat team...
New York Times - August 30, 2007
The Caucus Blog: Thompson Finally Sets a Date
For all those G.O.P. supporters-in-waiting, the announcement is just a week away...
New York Times - August 30, 2007
The Caucus: More Calls for Sen. Craig to Resign
Calls for the resignation of Senator Larry Craig continued and the Minneapolis Police Department released a recording of his arrest...
New York Times - August 30, 2007
Virginia Tech Criticized for Actions in Shooting
While families of the victims voiced frustration that the report held no one accountable, Gov. Tim Kaine said he was satisfied with the findings...
New York Times - August 30, 2007
Man Sentenced to Death Wins a Reprieve
Hours before his scheduled execution as an accomplice to murder, Kenneth Foster won a rare commutation today...
New York Times - August 30, 2007
Yankees 5, Red Sox 0: Yankees Sweep Red Sox Behind Wang and Cano
Chien-Ming Wang worked seven scoreless innings while Boston?s Curt Schilling pitched six innings, allowing two runs, both on opposite-field home runs by Robinson Cano...
New York Times - August 30, 2007
Testimony by Gonzales Is Subject of Inquiry
The Justice Department?s inspector general said today that he is investigating whether Alberto R. Gonzales misled Congress...
New York Times - August 30, 2007
Thornburg Common Stock Jumps After Sells Preferred Shares
Thornburg Mortgage said it raised $500 million by selling convertible preferred stock, a move that will boost funding and allow it to resume making new loans after getting hit by a credit squeeze...
New York Times - August 30, 2007
Toys ?R? Us Recalls Coloring Cases
Toys '?R?' Us is recalling thousands of art sets made in China due to excessive levels of lead in some black watercolor paints...
New York Times - August 30, 2007
Boston Scientific Subsidiaries to Pay $16.75M in Settlement
Boston Scientific said that three of its subsidiaries agreed to pay $16.75 million and extend the warranty on some of its heart devices...
New York Times - August 30, 2007
[TS] High and Low Finance: New Worries for Small Banks
Smaller banks find problems in some commercial real estate loans...
New York Times - August 30, 2007
Judge Rejects Bankruptcy for Bear Stearns Funds
A federal judge denied Bear Stearns bankruptcy protection for two failed hedge funds it managed, but granted the investment bank 30 days to refile before investors can seize assets...
New York Times - August 30, 2007
Stocks Fluctuate Amid Economic Worries
Shares were mixed as investors grappled with weaker-than-expected economic data and weighed the chances of the Federal Reserve lowering interest rates...
New York Times - August 30, 2007
Dell Posts 46 Percent Gain in Quarterly Earnings
The personal computer maker said its net income increased to $733 million, benefiting from lower costs for disk drives, microprocessors and other components...
New York Times - August 30, 2007
Gay sprints to second Worlds gold
Tyson Gay storms to gold in the 200m to clinch a sprint double at the World Championships after his earlier success in the 100m...
BBC News - August 30, 2007
RIM shares up on Microsoft talk
Shares in Blackberry-maker RIM touch new highs on talk that Microsoft is contemplating a bid for the firm...
BBC News - August 30, 2007
US primaries scramble hots up
Michigan comes a step closer to moving its primary election forward, as states jostle to be first in the calendar...
BBC News - August 30, 2007
Nasa ex-astronaut wins court plea
An US ex-astronaut charged with attempted kidnap can remove a tracking device from her ankle, a court says...
BBC News - August 30, 2007
US marine in Iraq deaths hearing
A hearing begins to decide if a US marine accused of killing Iraqi civilians in Haditha should be tried for murder...
BBC News - August 30, 2007
Texas clemency for death row man
A man facing execution in Texas for driving the car a murderer escaped in has his sentence commuted to life...
BBC News - August 30, 2007
US targets Colombia traffickers
The US freezes the assets of four alleged drug traffickers, threatening a peace deal in Colombia...
BBC News - August 30, 2007
'Eight dead' in Rio train crash
Two trains collide in a suburb of Rio de Janeiro, Brazil, leaving eight people dead, rescue services say...
BBC News - August 30, 2007
'Pay-or-die' bomb scam spreads to 12 states
Federal investigators are looking overseas for clues and suspects in a scam that uses bomb threats to extort money from banks and stores, law enforcement officials told CNN. full story...
CNN - August 30, 2007
Greece: one major fire remains
After a week of battling raging wildfires that cut off villages, killed 64 people and burned nearly 500,000 acres of land, Greek fire department officials said Thursday that just one major blaze remained to bring under control. full story...
CNN - August 30, 2007
Embattled senator sees home-state support wane
Sen. Larry Craig is under increasing pressure to resign, with support in his home state of Idaho apparently eroding in the wake of his arrest in an airport men's room and subsequent guilty plea. The Idaho Statesman newspaper on Thursday added its voice to those calling for the Republican's resignation. full story...
CNN - August 30, 2007
US Open Blog: Gasquet Withdraws, So Young Advances
Richard Gasquet, the 13th-seeded Frenchman, withdrew from his match against the American Donald Young today because of an illness. Young, the junior champion who is having his breakout summer on the Tour, advances to the third round against the winner of the match between No. 39 Igor Andreev of Russia and Feliciano Lopez, the 60th-ranked [...]...
New York Times - August 30, 2007
City Room: What?s Your Advice for Freshmen?
Do you have tips for college students coming to live in New York for the first time?...
New York Times - August 30, 2007
The Lede: A More Pessimistic Report on Iraq
A draft of a progress report requested by Congress from the Government Accountability Office is...
New York Times - August 30, 2007
The Caucus Blog: McCain?s ?No Retreat? Bio-Video
The 12-minute segment begins on a note of survival...
New York Times - August 30, 2007
Strong Economic Growth Reported
The gross domestic product expanded at an annual rate of 4 percent in the April-June quarter, significantly higher than the government had estimated, the Commerce Department said...
New York Times - August 30, 2007
Musharraf Spokesman Says No Deal Yet
...
New York Times - August 30, 2007
Italian Police Crack Down on Mafia
ROME (AP) -- Hundreds of police raided a small town in southern Italy on Thursday and arrested more than 30 suspected members of organized crime clans believed to be involved in a feud that killed six Italians in Germany earlier this month...
New York Times - August 30, 2007
One Dead and Two Wounded in Bronx Shooting
A disgruntled former employee shot three men in succession in the Co-op City housing complex today...
New York Times - August 30, 2007
Doctors Offering No-Interest Loans to Patients
Zero-interest financing for medical procedures has become one of the fastest-growing segments of consumer credit...
New York Times - August 30, 2007
Sears 2nd-Quarter Profit Down 40 Percent
The retailer cited lower overall sales and weaker operating results from Kmart and its domestic Sears operations...
New York Times - August 30, 2007
Tiffany Profit Falls 10 Percent on Charge
The jeweler said 2nd-quarter net income fell to $37 million, hurt by a charge related to selling its Little Switzerland retail business, but sales beat expectations...
New York Times - August 30, 2007
H&R Block Posts Loss on Mortgage Woes
The company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit...
New York Times - August 30, 2007
House Price Appreciation Slowest Since ?97
U.S. house prices rose 3.2 percent in the second quarter from a year ago, representing the slowest appreciation in a decade, the housing finance company regulator said...
New York Times - August 30, 2007
Freddie Mac Profit Down 45 Percent
The nation?s second-largest buyer of home mortgages said its second-quarter profit declined partly as a result of larger provisions for bad loans...
New York Times - August 30, 2007
Strong Economic Growth Reported
The economy grew at its strongest pace in more than a year during the spring as international trade and business investment helped offset weakness in housing, the government said...
New York Times - August 30, 2007
Stocks Recover Early Losses
Stocks recovered from a sharp dip as weaker-than-expected economic data led Wall Street to believe chances are improving for the Federal Reserve to lower interest rates...
New York Times - August 30, 2007
Scooter answer to NYC jams?
As New York's Mayor Bloomberg seeks to impose a congestion fee on the city, scooter riders argue two wheels are the way forward...
BBC News - August 30, 2007
Toys R Us recalls Chinese crayons
US branches of Toys R Us recall 27,000 crayon and paint sets after the wooden packaging was found to contain lead...
BBC News - August 30, 2007
Boeing lands £3bn aircraft order
Nordic airline Norwegian Air Shuttle agrees to buy 42 of Boeing's "green" 737-800 passenger jets for more than $3bn...
BBC News - August 30, 2007
Amnesty urges Guatemala calm
Amnesty International urges all candidates in Guatemala's elections to renounce violence after a wave of killings...
BBC News - August 30, 2007
Texas to execute getaway driver
Human rights group ask for clemency for a man facing execution in Texas for driving the car a murderer escaped in...
BBC News - August 30, 2007
Virginia Tech: Lives could have been saved
More timely and more specific information by officials might have saved lives in a shooting spree on campus at Virginia Tech that left 33 people dead, a high-profile independent panel investigating the deadliest school shooting in U.S. history said in a report issued late Wednesday. full story...
CNN - August 30, 2007
Job opening: Attorney general with credibility
The next attorney general must carry enough stature to push White House anti-terrorism policies, combined with the charm and credibility to win over congressional Democrats, a former Justice Department official said. full story...
CNN - August 30, 2007
Overseas sales give Diageo a lift
Drinks giant Diageo sees a small rise in annual sales, as rising global demand offsets a decline in Europe...
BBC News - August 30, 2007
Australian hedge fund goes under
An Australian hedge fund has become the latest casualty of the upheaval in the credit markets, filing for bankruptcy in New York...
BBC News - August 30, 2007
Gay on course for sprint double
American 100m champion Tyson Gay reaches the semi-finals of the 200m at the World Championships in Osaka...
BBC News - August 30, 2007
Bhutto: 'Musharraf to quit as military chief'
Pakistan's President, Gen. Pervez Musharraf, has agreed to step down as the country's military chief during negotiations on a power-sharing deal with Pakistan's former prime minister and opposition leader Benazir Bhutto, she told CNN on Wednesday. full story...
CNN - August 30, 2007
Are Your Jeans Sagging? Go Directly to Jail.
A hip-hop style helps bring a generation gap into full view...
New York Times - August 30, 2007
Richard Jewell, 44, Hero of Atlanta Attack, Dies
The transformation of Mr. Jewell from heroic security guard to Olympic bombing suspect and back again came to symbolize the excesses of law enforcement and the news media...
New York Times - August 30, 2007
Idaho Senator?s Colleagues Say He Should Resign
Party leaders ousted Senator Larry E. Craig from his committee leadership posts amid the fallout over his arrest in a men?s room and his guilty plea in the case...
New York Times - August 30, 2007
Abroad: It Wouldn?t Be Opera Without an Outrage
Every opera season demands a scene-chewing scandal to feed fans? appetites for outsize drama, and this summer that niche has been filled in Europe by the new production here of Wagner?s ?Meistersinger.?...
New York Times - August 30, 2007
Hilly Kristal, 75, Catalyst for Punk at CBGB, Dies
Hilly Kristal founded CBGB, the Bowery bar that became the cradle of New York punk and art-rock in the 1970s...
New York Times - August 30, 2007
No Evidence of Drunken Astronauts, NASA Says
An internal investigation has found no evidence of heavy drinking or drunkenness among astronauts before space missions, NASA officials said...
New York Times - August 30, 2007
Commemorations for a City 2 Years After Storm
New Orleans hardly needs an anniversary to help it recall a disaster that upended the life of almost every resident...
New York Times - August 30, 2007
Clinton Donor Under a Cloud in Fraud Case
Senator Hillary Rodham Clinton?s campaign said it would give away thousands that it received from a Democratic donor who is considered a fugitive in California...
New York Times - August 30, 2007
Virginia Tech Criticized for Actions in Shooting
A state panel said university officials last April could have saved lives by notifying students and faculty members that there had been killings on campus...
New York Times - August 30, 2007
F.B.I. Checks Into Threats and Transfers of Money
The Federal Bureau of Investigation is looking into a spate of bomb threats phoned in to businesses that resulted in employees? wiring thousands of dollars overseas...
New York Times - August 30, 2007
World Business Briefing: France: Funds Affected by Subprime Loans Reopen
BNP Paribas, the French bank, said it reopened two investment funds it had frozen amid problems in the subprime mortgage sector in the United States...
New York Times - August 30, 2007
World Business Briefing: Canada: Bombardier Posts Loss on Write-Off
Bombardier, the commercial aircraft maker, posted a quarterly loss after writing off its investment in the Metronet Rail subway unit in Britain...
New York Times - August 30, 2007
World Business Briefing: Germany: Bank Inquiry Reaches Executives
Prosecutors in Düsseldorf are investigating seven current and former executives of WestLB, a bank owned by the German government, a spokesman said...
New York Times - August 30, 2007
World Business Briefing: China: Earnings Decline 11% at Oil Producer
Cnooc, a Chinese offshore oil producer, said first-half profit declined 11 percent, less than analysts had expected, as the company reined in operating costs...
New York Times - August 30, 2007
Investors Buy Stake in Global Hyatt
A group of investors, including Goldman Sachs Capital Partners, is taking a minority stake in the hotel company for $1 billion...
New York Times - August 30, 2007
Arthur Jones, 80, Invented Exercise Machine, Dies
Mr. Jones?s Nautilus fitness machines helped transform the fitness industry and the way ordinary people exercises...
New York Times - August 30, 2007
Wariness Urged in Using Credit Cards for Medical Bills
Although special financing plans for health care carry risks, using regular credit cards to pay medical bills may be even more dangerous to household finances...
New York Times - August 30, 2007
Hedge Fund Seeks Bankruptcy Abroad
Citing losses that could exceed 80 percent in one of its hedge funds, the Australian firm Basis Capital Fund Management filed for bankruptcy protection on Wednesday...
New York Times - August 30, 2007
A Top Executive Resigns at Delta
James M. Whitehurst, C.O.O. at Delta Air Lines, resigned on Thursday a week after being passed over for a promotion to the top post...
New York Times - August 30, 2007
Williams-Sonoma Tops Expectations
Home furnishings retailer Williams-Sonoma reported higher than expected second-quarter profits on Wednesday...
New York Times - August 30, 2007
TiVo Reports a Loss; Inventory a Factor
The maker of digital video recorders reported a net loss of $17.7 million in the second quarter, which included an $11.2 million inventory write-off...
New York Times - August 30, 2007
Kraft Appoints Finance Chief
Kraft Foods said Wednesday that Timothy R. McLevish, currently C.F.O. of Ingersoll-Rand, would take the same position at Kraft in October...
New York Times - August 30, 2007
Gap Losing Chief Financial Officer to Visa
Byron H. Pollitt Jr. will leave the struggling retailer to become C.F.O. at Visa. He will be succeeded at Gap by one of his top deputies, Sabrina Simmons...
New York Times - August 30, 2007
Altria Plans to Spin Off Overseas Unit
The spinoff, the latest step in a restructuring process begun in March when Altria spun off its stake in Kraft Foods, would free the international tobacco business from domestic legal and regulatory constraints...
New York Times - August 30, 2007
After 4 Years, Last Charges Dropped in Quattrone Case
Four years after Frank Quattrone was accused of obstructing justice in an investigation in to possible I.P.O. kickbacks, a judge on Friday approved a request to drop all remaining charges against him...
New York Times - August 30, 2007
Judge Orders a Web Site Selling Tax-Evasion Advice to Close
A federal judged ruled that the Web site was not protected by the First Amendment because it incited criminal conduct...
New York Times - August 30, 2007
Chrysler Operated at a Loss in Its Final Quarter as a Part of Daimler
The automaker, now owned by the private equity firm Cerberus Capital Management, refused to state the size of the loss...
New York Times - August 30, 2007
Yahoo?s New President Oversees a Shake-Up
Susan L. Decker, Yahoo?s new president, is reorganizing the company?s management ranks with a new division responsible for generating the bulk of the company?s revenue...
New York Times - August 30, 2007
An Investor Activism Uncommon in Japan
After 31 years as a civil servant, Tomomi Yano began to take on Japan?s corporate culture, and has become an unlikely and remarkably successful advocate for shareholder rights...
New York Times - August 30, 2007
Advertising: Mending a Bruised Image
Worried by the growing image of athletes gone wild, the N.F.L. is embarking on an advertising effort that highlights the positive aspects of the lives of its players...
New York Times - August 30, 2007
Organic Dairy Agrees to Alter Some Practices
Colorado?s Aurora Organic Dairy agreed Wednesday to stop applying the organic label to some of its milk and to make major changes in its operations after its organic certification was threatened...
New York Times - August 30, 2007
Stocks Rally as Investors Chase Deals
Ben S. Bernanke said the Federal Reserve was ?prepared to act as needed? to prevent market woes from spreading, while the Dow closed up nearly 250 points as investors went bargain-hunting...
New York Times - August 30, 2007
Hawaii tells Japan: 'OK to smoke'
A marketing campaign to reassure Japanese tourists that they can still smoke in Hawaii lights up a public health row...
BBC News - August 30, 2007
Hundreds arrested at Chile demo
Police in Chile detain more than 400 people, at a violent protest over the government's economic policies...
BBC News - August 30, 2007
Brazil reveals military rule list
Brazil publishes an official list of atrocities allegedly committed during two decades of military rule...
BBC News - August 30, 2007
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