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US News Archive for July 2007:
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Cheney: Attorneys firing flap 'a witch hunt'
Vice President Dick Cheney Tuesday dismissed congressional investigations into the firings of nine U.S. attorneys as "a bit of a witch hunt." full story...
CNN - July 31, 2007
Girls Sold as Sex Slaves Are AIDS Risk, Study Says
Young girls who have been trafficked abroad into prostitution are emerging as an AIDS risk in their home countries...
New York Times - July 31, 2007
Chief Justice Released From Hospital
Looking jovial, John G. Roberts Jr. today walked out of a hospital in Maine, where he had been vacationing...
New York Times - July 31, 2007
Retired General Is Reprimanded in Tillman Case
A ?failure of leadership? was cited in the chain of errors following the 2004 death of Army Ranger Pat Tillman...
New York Times - July 31, 2007
Michelangelo Antonioni, Director, Dies at 94
The director?s chilly depictions of alienation were cornerstones of international filmmaking in the 1960s...
New York Times - July 31, 2007
Nominees for Joint Chiefs Are Questioned on Iraq
President Bush?s choices to lead the Joint Chiefs of Staff told senators that the United States could still win in Iraq...
New York Times - July 31, 2007
With Few Dissents, House Passes Fund-Raising Bill
The House overwhelmingly approved a bill today requiring greater disclosure of fund-raising information and measures to fund pet projects...
New York Times - July 31, 2007
DreamWorks Animation Profit Soars
"Shrek the Third" proved to be a charm for DreamWorks Animation SKG, contributing nearly half of the company's revenue in the second quarter...
New York Times - July 31, 2007
MetLife Posts Sharply Higher Earnings
MetLife said net income nearly doubled in the second quarter as total assets and U.S. annuity deposits rose...
New York Times - July 31, 2007
Economic Scene: Keep Your Eyes on Adjustable-Rate Mortgages
The pool of people falling behind on their house payments is starting to widen, and adjustable-rate mortgages are the main reason...
New York Times - July 31, 2007
Former Executive Acquitted in Gold Fraud
John Felderhof, former vice chairman of Bre-X, was found not guilty of insider trading and misleading investors in the Bre-X gold fraud case in Canada...
New York Times - July 31, 2007
Wall Street Skids on Subprime Anxiety
Concerns about soured home loans and the solvency of some lenders shot down a two-day recovery on Wall Street, causing stocks to give up sharp gains and move lower...
New York Times - July 31, 2007
Mortgage Lender Says It May Liquidate
American Home Mortgage said it could no longer provide funds for home loans and has hired advisers to explore options, including a possible ?orderly liquidation of its assets.?...
New York Times - July 31, 2007
F.C.C. Hands Google a Partial Victory
The Federal Communications Commission moved cautiously toward creating an open wireless broadband network as it weighed the interests of cellphone carriers and other contenders...
New York Times - July 31, 2007
Oil Futures Close at Record Level
The great oil rally shows no sign of slowing down, as light, sweet crude oil futures ended at $78.21 a barrel, up $1.38...
New York Times - July 31, 2007
G.M. Is Lifted to a Profit by Global Business
The automaker earned $891 million in the second quarter, compared with a loss of $3.4 billion a year earlier, but its problems in North America persisted...
New York Times - July 31, 2007
News Analysis: Guessing Murdoch?s Strategy for The Journal
Rupert Murdoch?s history with other newspapers may provide clues on his plans for The Wall Street Journal...
New York Times - July 31, 2007
Murdoch Seen Winning in Bid for Dow Jones
Rupert Murdoch appears to have enough support from the divided Bancroft family for his News Corporation to buy The Wall Street Journal and the rest of Dow Jones for $5 billion...
New York Times - July 31, 2007
BAE concludes major US takeover
Defence firm BAE Systems concludes its £2.2bn takeover of US military manufacturer Armor Holdings...
BBC News - July 31, 2007
Doctor on organ harvest charge
A San Francisco transplant surgeon is accused of speeding up the death of a patient to obtain his organs...
BBC News - July 31, 2007
Police dig for more tiny corpses
Backhoes, shovels and cadaver dogs are being used to search a home in Ocean City, Maryland, where four tiny corpses have been found in the past week. Genetic tests will determine if the woman charged with murdering one of the babies is the mother of all four. full story...
CNN - July 31, 2007
Families losing hope for hostages
The families of the remaining 21 South Korean hostages being held in central Afghanistan say they have all but lost hope for the survival of their loved ones after a second hostage's body was recovered. full story...
CNN - July 31, 2007
Committee wants details of NSA data-mining
A House committee is requesting Justice Department documents on a data-mining project that identified the senders and recipients of calls and e-mails intercepted via the National Security Agency's eavesdropping program. full story...
CNN - July 31, 2007
Primed for a Second Stint as First Daughter
If her mother wins the presidency Chelsea Clinton could be in a historic position: the first first child twice over...
New York Times - July 31, 2007
Michelangelo Antonioni, 94, Italian Director, Dies
The director?s chilly canticles of alienation were cornerstones of international filmmaking in the 1960s...
New York Times - July 31, 2007
The Lede Blog: Chief Justice Is Released From the Hospital
John G. Roberts Jr. has ?fully recovered? from the second seizure of his life, the Supreme Court?s communications office said...
New York Times - July 31, 2007
Waste Management Profit Falls 20 Percent
The nation?s largest garbage hauler said 2nd-quarter profit fell to $338 million, down 20 percent from a year ago when it benefited from a large tax-audit settlement...
New York Times - July 31, 2007
Coach Quarterly Profit Up Sharply
...
New York Times - July 31, 2007
Avon's 2Q Profit Falls Amid Charges
The direct seller of beauty products reported it earned $112.7 million in the quarter, down from $150.9 million in the year-ago period...
New York Times - July 31, 2007
ImClone 2nd-Quarter Earnings Fall
...
New York Times - July 31, 2007
Entergy Profit Slips 5 Percent
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New York Times - July 31, 2007
IAC/InterActiveCorp Profit Below Expectations
The Internet conglomerate reported second-quarter net profit increased to $95.97 million, but said weakness at Ticketmaster weighed on results...
New York Times - July 31, 2007
Sirius Satellite Radio Posts $134.1 Million Loss
The broadcaster said its net loss fell substantially in the second quarter as it added more than a half-million new subscribers and revenue grew by about 50 percent...
New York Times - July 31, 2007
Hilton Profit Rises Ahead of Blackstone Deal
...
New York Times - July 31, 2007
CBS 2nd-Quarter Earnings Fall Sharply
CBS, which produces '?60 Minutes?' and '?CSI??, said net income plunged to $404 million from $781.7 million in the year-ago period...
New York Times - July 31, 2007
Alcatel-Lucent Posts Loss
The telecommunications equipment maker reported a net loss of 586 million euros, or $800.4 million, for the quarter...
New York Times - July 31, 2007
American Electric Profit Edges Up 3 Percent
...
New York Times - July 31, 2007
Northwest Posts Profit of $273 Million
Northwest?s finances benefited from $1.94 billion in reorganization items during the quarter, which included two months operating under bankruptcy protection...
New York Times - July 31, 2007
Energy Bill Aids Expansion of Atomic Power
A provision buried in a recent Senate bill could make new nuclear plants eligible for tens of billions of dollars in loan guarantees...
New York Times - July 31, 2007
Stocks Jump After GM Earnings
NEW YORK (AP) -- Wall Street showed further signs of stability Tuesday, rising sharply on strong earnings at General Motors Corp. and Sun Microsystems Inc. even as investors grappled with a batch of mixed economic data...
New York Times - July 31, 2007
Mixed Data for the Economy
Consumer spending in June edged up just 0.1 percent, the Commerce Department reported, but the Conference Board said its Consumer Confidence Index jumped in July...
New York Times - July 31, 2007
G.M. Lifted to a Profit by Global Business
The automaker earned $891 million in the second quarter, but problems in North America persisted...
New York Times - July 31, 2007
Johnson & Johnson to Cut Jobs
The health care conglomerate announced plans today to eliminate up to 4,800 jobs in a restructuring that it said would save $1.3 billion to $1.6 billion a year...
New York Times - July 31, 2007
Bancrofts Back Dow Jones Sale to Murdoch
Rupert Murdoch?s News Corporation has tentatively gained enough support from the deeply divided Bancroft family to buy the publisher of The Wall Street Journal...
New York Times - July 31, 2007
The Media Equation: Murdoch Wanted Dow Jones More
The unthinkable is often doable, given the loot and the will...
New York Times - July 31, 2007
Global boost returns GM to profit
General Motors returns to profit for the April to June period, helped by improved sales in overseas markets...
BBC News - July 31, 2007
Brazil submits 2014 World Cup bid
Brazil formally submits a bid to stage the 2014 World Cup finals and is the sole candidate...
BBC News - July 31, 2007
Bre-X scandal man is not guilty
A Canadian court clears geologist John Felderhof in the only case to arise from the huge Bre-X mining scandal...
BBC News - July 31, 2007
US border fences 'an eco-danger'
Mexico urges the US to alter plans for expanded fences along their border, saying the barriers threaten wildlife...
BBC News - July 31, 2007
Afghan Police Find Body of 2nd South Korean
The Taliban also threatened to kill more hostages if their demands were not met by the latest of several deadlines...
New York Times - July 31, 2007
Chief Justice Is Hospitalized After Seizure
Chief Justice John G. Roberts Jr. was ?fully recovered? from the seizure, the Supreme Court said...
New York Times - July 31, 2007
Beckham to miss Dallas game
David Beckham will not travel with LA Galaxy for Tuesday's game at Dallas because of his ankle problem, BBC Sport has learned...
BBC News - July 31, 2007
Japan firm in final Barneys bid
Japan's Fast Retailing finalises its $900m offer to buy US upmarket department store chain Barneys New York...
BBC News - July 31, 2007
News Corp's Dow bid faltering
News Corp says it is now "highly unlikely" it will proceed with its Dow Jones bid after shareholder opposition...
BBC News - July 31, 2007
Colombia admits army infiltrated
Colombia's armed forces have been infiltrated "at a very high level" by drug cartels and rebels, officials say...
BBC News - July 31, 2007
FBI searches US senator's house
US agents search the Alaska home of Republican Senator Ted Stevens as part of a corruption probe in the state...
BBC News - July 31, 2007
Rice: Arms deals promote stability
The United States is cutting new arms and military assistance deals with Middle Eastern countries in an effort to counter terrorism and improve stability in the region, U.S. Secretary of State Condoleezza Rice said. full story...
CNN - July 31, 2007
FBI searches U.S. senator's home
FBI and Internal Revenue Service agents searched the Alaska home of veteran Sen. Ted Stevens on Monday amid a corruption probe that has already snared two oil-company executives and a state lobbyist. full story...
CNN - July 31, 2007
Tom Snyder, TV Talk Host, Dies at 71
Tom Snyder was the idiosyncratic, cigarette-waving interviewer who was one of the pioneers of the late-night television talk show...
New York Times - July 31, 2007
Bill Walsh, Former 49ers Coach, Dies at 75
Mr. Walsh coached San Francisco to three Super Bowl titles and was one of pro football?s most influential figures...
New York Times - July 31, 2007
Path to Parole Becomes Issue in Murder Case
A suspect in a triple murder in Connecticut suffered from learning disabilities and several personality-altering concussions, according to court transcripts...
New York Times - July 31, 2007
Alaska Home of Senator Is Raided by U.S. Agents
The Federal Bureau of Investigation and the Internal Revenue Service raided the Alaska home of Senator Ted Stevens on Monday, officials said...
New York Times - July 31, 2007
Chief Justice Is Admitted to Hospital After Seizure
Chief Justice John G. Roberts Jr. was hospitalized after suffering a seizure, the Supreme Court announced...
New York Times - July 31, 2007
A Second Stint as First Daughter?
If her mother manages to become the first female president of the United States, Chelsea Clinton could be in a historic position: the first first child twice over...
New York Times - July 31, 2007
Humana Earnings Soared in Quarter
LOUISVILLE, Ky., July 30 (AP) ? The health insurer Humana Inc. reported Monday that its second-quarter profit more than doubled from a year ago on the strength of improved cost controls and sharply higher income from its government business...
New York Times - July 31, 2007
Mortgage Loss at CNA Limits Loews Gain
The Loews Corporation said yesterday that improved results in tobacco and drilling operations helped increase second-quarter profit 15 percent, but its shares fell after its insurance unit, CNA Financial, lost money from investments, including subprime mortgages...
New York Times - July 31, 2007
Ex-Prudential Executive Settles S.E.C. Complaint
BOSTON, July 30 (Dow Jones/AP) ? A former senior executive with Prudential Securities is paying $100,000 to settle accusations by the Securities and Exchange Commission that he had failed to supervise registered advisers who the S.E.C. says allowed favored clients to make improper ?market timing? mutual fund trades...
New York Times - July 31, 2007
Bausch & Lomb Allows Rival to Discuss Bid
ROCHESTER, July 30 (AP) ? Bausch & Lomb said on Monday that it would give Advanced Medical Optics limited permission to discuss its $4.2 billion bid with certain shareholders, although it was sticking with its $3.67 billion buyout deal with a private equity firm...
New York Times - July 31, 2007
Tyson Profit Rises as Turnaround Continues
Tyson Foods Inc., the world?s largest meat processor, reported yesterday a bigger-than-expected profit for its third fiscal quarter and raised its profit forecast for the year as it rebounds from losses last year...
New York Times - July 31, 2007
Overseas Sales Help Wrigley Post a Profit
The world?s largest maker of chewing gum posted higher second-quarter profit on Monday, raised by sales gains in Asia and Europe and the weakness of the dollar...
New York Times - July 31, 2007
Memo Pad
NORTHWEST CANCELLATIONS MOUNT Northwest Airlines is again canceling large numbers of flights as the end of a month nears. The airline canceled 526 flights from Friday through Sunday (out of a total 4,187). Yesterday alone, Northwest canceled 117 flights as of 6 p.m. In a memo to Northwest employees on Friday, the chief executive officer, Douglas M. Steenland, blamed ?pilot absenteeism? for the mounting delays. Northwest canceled more than 1,000 flights in the last week of June. Northwest then ?thinned the July schedule in anticipation of staffing challenges,? Mr. Steenland told employees. The Northwest branch of the Air Line Pilots Association said in late June that Northwest was unfairly blaming pilots for problems caused primarily by insufficient staff in a system with ?no slack.? Northwest crews have been routinely reaching their maximum monthly limits on work hours near the end of a month. The pilots? union said that cutbacks had left about 400 pilots on furlough. In his memo last week, Mr. Steenland said that ?all furloughed pilots wishing to return to Northwest? have been notified of their dates to report for retraining...
New York Times - July 31, 2007
Frequent Flier: In Planned Layovers, Delight in Discovering America
I started my firm in New York back in 1990. My work involves a lot of travel, mostly short-hop domestic trips at least once a week. But about five years ago, after nearly three decades of living in this town, I decided to move to Palm Springs, Calif...
New York Times - July 31, 2007
Wary of Dow Jones, the Financial Times Is Looking for a Media Partner
Pearson, the owner of The Financial Times, said Monday that it was talking to a number of potential partners about new ways to display the newspaper?s journalism...
New York Times - July 31, 2007
A.D.M. Reports Doubled Profit
CHAMPAIGN, Ill., July 30 (AP) ? The agricultural processor Archer Daniels Midland said Monday that its fiscal fourth-quarter profit more than doubled, pushed up by more than $600 million in asset sales...
New York Times - July 31, 2007
RadioShack?s Profit Rises as Sales Slump
The electronics retailer swung to a second-quarter profit, but a yearlong turnaround effort at the company appeared to falter...
New York Times - July 31, 2007
Peltz Gives Wendy?s a Price and a Deadline
LOS ANGELES, July 30 (Reuters) ? The investor Nelson Peltz said on Monday that his Triarc Companies could offer up to $41 a share for Wendy?s International, but would consider other alternatives if the struggling hamburger chain did not sign his confidentiality agreement by Wednesday...
New York Times - July 31, 2007
Cavaliers File Suit Against Ticketmaster
The lawsuit by the Cleveland Cavaliers contends that Ticketmaster is trying to prevent the team?s Flash Seats secondary-ticketing Web site from competing with it...
New York Times - July 31, 2007
Stocks & Bonds: After a Weak Start, an Afternoon Recovery
Wall Street found some stability Monday as investors, still anxious that a credit crunch will crimp growth, took advantage of low prices after last week?s steep losses...
New York Times - July 31, 2007
Verizon Earnings Rise 4.5% for the Quarter
The increased earnings stemmed from growth in the company?s wireless and advance Internet and video services...
New York Times - July 31, 2007
A Conversation With Heidi Cullen: Into the Limelight, and the Politics of Global Warming
Heidi Cullen is the only climatologist with a Ph.D. in the country who has her own weekly show, a half-hour-long video-magazine focused on climate and the environment...
New York Times - July 31, 2007
States Export Their Inmates as Prisons Fill
Prison overcrowding has corrections officials in at least eight states looking across state lines for scarce prison beds...
New York Times - July 31, 2007
On The Road: Indian Airline Makes Its Case as a Premier-Class Contender
Most Americans have never heard of Jet Airways, the airline Naresh Goyal founded in India 14 years ago. That will change...
New York Times - July 31, 2007
Once Stodgy, Hotel Bars Revitalize Image
Once seen as the province of weary businessmen at the end of the day, hotel bars are being remodeled and updated...
New York Times - July 31, 2007
Buttonwillow Journal: Unusual Culprits Cripple Farms in California
Theft of scrap metal, mostly copper, has vexed many areas of American life and industry for the last 18 months...
New York Times - July 31, 2007
Developers Accused of Stealing Millions in a Mortgage Fraud
Two real estate developers accused of bilking dozens of people out of more than $27 million in an elaborate mortgage fraud scheme were arrested yesterday...
New York Times - July 31, 2007
State Warns Companies In Tax Deals
Over 3,000 companies across New York State could lose tax breaks because they have failed to create jobs or invest in areas as promised...
New York Times - July 31, 2007
United Parcel Service Agrees to Benefits in Civil Unions
The company has reversed its decision not to honor a New Jersey law recognizing the legal status of civil unions...
New York Times - July 31, 2007
A Banker?s Last Day at the Office, in a Bank He Built Aggressively
Vernon W. Hill II, an influential figure in New Jersey business and politics, has been forced out of his position at Commerce Bancorp...
New York Times - July 31, 2007
Music From Independent Labels to Be Sold via Cellphones
EMusic plans to announce a deal with AT&T that will allow people to buy songs from independent labels through their cellphones, without going through a personal computer...
New York Times - July 31, 2007
Sun Has Profit for Third Straight Quarter
The computer server maker beat Wall Street?s estimates and provided evidence that its turnaround plan was working...
New York Times - July 31, 2007
Diabetes Drug Backed, but With Warnings
A federal drug advisory committee voted to recommend that the diabetes drug Avandia remain on the market, despite finding that it raised the risks of heart attacks...
New York Times - July 31, 2007
Medicare Eases Proposed Restrictions on Anemia Drugs Used by Cancer Patients
The decision could provide some relief for Amgen and Johnson & Johnson, which have already experienced steep drops in sales of the drugs because of concerns that the products might be making cancer worse...
New York Times - July 31, 2007
Energy Bill Aids the Expansion Plans of Atomic Power Plants
A provision buried in a recent Senate bill could make new nuclear plants eligible for tens of billions of dollars in government loan guarantees...
New York Times - July 31, 2007
Justice Dept. and Prosecutors Are Said to Have Disagreed on OxyContin Case
Higher-ups within the Justice Department appeared initially to favor a less aggressive approach to the case against Purdue Pharma, the maker of OxyContin...
New York Times - July 31, 2007
Russian Oil Magnate Forced to Sell to Putin Loyalist, He Says
The owner of Russneft, one of Russia?s largest private oil companies, confirmed that he would sell the business to an investor loyal to the Kremlin...
New York Times - July 31, 2007
Hedge Fund Forced to Sell Its Portfolio
Sowood Capital said heavy losses in the credit market had caused the fund to lose more than half its value, prompting it to sell its portfolio to another hedge fund...
New York Times - July 31, 2007
At Liz Claiborne, a Bold Fashion Statement
The company?s chief executive has outlined a plan to make the apparel giant far less dependent on department store sales...
New York Times - July 31, 2007
More Lenders Feeling Pain From Defaults
The nation?s largest insurer of home loans said its stake in a business that underwrites and invests in mortgage securities may be worthless...
New York Times - July 31, 2007
Murdoch Awaits Decision on His Dow Offer
The News Corporation appeared tantalizingly close to succeeding in its bid to acquire Dow Jones & Company...
New York Times - July 31, 2007
US stocks lead markets rebound
US stock markets rebound strongly after acute losses last week, which were felt around the world...
BBC News - July 31, 2007
US chief justice suffers seizure
The chief justice of the United States Supreme Court suffers a seizure at his seaside summer home...
BBC News - July 31, 2007
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