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US News Archive for August 2005:
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965 dead in Baghdad stampede
At least 965 people are killed and 465 others injured in a stampede on a Baghdad bridge after a massive Shiite religious commemoration erupts into panic. Most of those killed were women and children, police sources say, and officials expect the death toll to hit 1,000...
CNN - August 31, 2005
Bush: Recovery from Katrina 'will take years'
"We are dealing with one of the worst national disasters in our nation's history," President Bush said Wednesday from the White House Rose Garden where he outlined federal recovery efforts in the wake of Hurricane Katrina's widespread destruction...
CNN - August 31, 2005
New Orleans Mayor Says Hurricane May Have Killed Thousands
NEW ORLEANS (AP) -- Hurricane Katrina probably killed thousands of people in New Orleans, the mayor said Wednesday -- an estimate that, if accurate, would make the storm the nation's deadliest natural disaster since at least the 1906 San Francisco earthquake...
New York Times - August 31, 2005
White House to Ask Congress for Relief Funds
President Bush was meeting with his aides today on relief measures and was expected to hold a news briefing this afternoon...
New York Times - August 31, 2005
Bank of America Dismisses Interpublic From Its Ad Account
The troubled Interpublic Group was dealt a serious blow today when one of its largest clients, Bank of America, dismissed Interpublic and shifted its consolidated advertising account...
New York Times - August 31, 2005
MasterCard Plans Initial Public Offering of Its Stock
MasterCard, the world's second-largest credit-card brand that can be found in consumer's wallets worldwide, announced plans to pursue an initial public offering...
New York Times - August 31, 2005
U.S. and China Fail to Reach Agreement in Textile Talks
China and the United States failed to reach agreement in textile trade negotiations in Beijing today, deepening the dispute over China's surging clothing exports...
New York Times - August 31, 2005
Tennis: Hewitt crushes Costa
Lleyton Hewitt demolishes Albert Costa in the first round of the US Open...
BBC News - August 31, 2005
Cuban militant denies Castro plot
Cuban exile Luis Posada Carriles denies plotting to kill Fidel Castro, at an immigration hearing in the US...
BBC News - August 31, 2005
841 dead in Baghdad stampede
At least 841 people are killed and 323 others injured in a stampede on a Baghdad bridge after a massive Shiite religious commemoration erupts into panic. Most of those killed were women and children, police sources say, and officials expect the death toll to hit 1,000...
CNN - August 31, 2005
Feds fan out for storm recovery efforts
Authorities were desperately trying to stop floodwaters from drowning New Orleans on Wednesday as more federal disaster officials arrived along the storm-slammed Gulf Coast...
CNN - August 31, 2005
Bush taps oil reserves
Energy Secretary Samuel W. Bodman said Wednesday the Bush administration has decided to release oil from federal petroleum reserves to help refiners affected by Hurricane Katrina. An announcement was expected later in the day...
CNN - August 31, 2005
Convoy to Move Thousands From Superdome to Astrodome
The refugees will make the 350-mile trip from New Orleans to Houston on 475 buses to be provided by the FEMA...
New York Times - August 31, 2005
Surviving the Maelstrom Was Only the Beginning for Some
METAIRIE, La., Aug. 30 - During the long, hot afternoon and into the humid night, the crowd of refugees on the edge of Interstate 10 here swelled to 2,000 hungry, flood-weary people, residents of New Orleans' northern neighborhoods and St. Bernard Parish to the northeast, who had been plucked from their roofs and attics as the waters of Lake Pontchartrain rose to cover cars, stop signs and one-story houses...
New York Times - August 31, 2005
Pentagon Rescue Teams Are Sent to Region
The Pentagon ordered five Navy ships and eight maritime rescue teams to bolster hurricane relief operations as worsening conditions overwhelmed the initial response...
New York Times - August 31, 2005
U.S. Decision to Release Oil Sends Prices Below $70
The move is designed to give refineries in the Gulf Coast area a temporary supply of crude oil to take the place of shipments interrupted by the hurricane...
New York Times - August 31, 2005
Mastercard planning share float
US credit card giant Mastercard says it plans to float 49% of its stock which will provide it with cash to finance possible legal battles...
BBC News - August 31, 2005
In search of Iraq exit strategy
Justin Webb visits a peace camp outside President Bush's ranch and asks if US public feeling is changing towards an Iraq withdrawal...
BBC News - August 31, 2005
US growth revised lower
The US economy grew at an annual rate of 3.3% in the April to June period, less than initial estimates...
BBC News - August 31, 2005
Storm blogs offer Katrina insight
People turn to the web for the latest hurricane updates as net news once again proves invaluable...
BBC News - August 31, 2005
Path of destruction
Chart Hurricane Katrina's path of destruction along the Gulf Coast of the United States and see where the storm is headed...
BBC News - August 31, 2005
US-China textile trade talks fail
The US and China fail to reach agreement in trade talks about surging Chinese clothing exports...
BBC News - August 31, 2005
Desperation in New Orleans
As parts of flooded New Orleans slip into chaos and Gulf Coast communities struggle to deal with the devastation left by Hurricane Katrina, Louisiana's governor is declaring Wednesday a day of prayer...
CNN - August 31, 2005
Stampede in Baghdad: 648 dead
At least 648 people are killed and 322 injured -- most of the dead women and children -- after Shiite pilgrims stampede while on a bridge near a mosque in northern Baghdad, police say. Witnesses said there was panic after screams there was a suicide bomber...
CNN - August 31, 2005
Peru's glaciers in retreat
Climate change is making Peru's glaciers retreat at a fierce pace - setting up problems for future generations, writes Hannah Hennessy...
BBC News - August 31, 2005
Microsoft plans telephone service
Microsoft is preparing to allow computer users to make a normal telephone call from their PC...
BBC News - August 31, 2005
Conditions worsen in New Orleans
Deteriorating conditions in New Orleans in the wake of Hurricane Katrina are forcing authorities to evacuate the thousands of people who sought refuge at shelters in the city amid reports of looting and shootings in the flooded metropolis. The storm is blamed for at least 70 deaths and widespread destruction on the U.S. Gulf Coast...
CNN - August 31, 2005
Katrina's pain gets worse
New Orleans resembled a war zone more than a modern American metropolis on Tuesday, as Gulf Coast communities struggled to deal with the devastating aftermath of Hurricane Katrina...
CNN - August 31, 2005
Much of Gulf Coast Is Crippled; Death Toll Rises After Hurricane
Floodwaters were still rising as much as three inches an hour in parts of New Orleans late Tuesday...
New York Times - August 31, 2005
Face to Face With Death and Destruction in Biloxi
Death was only part of the devastation along the Gulf Coast. There were also the hunger, the thirst and the homelessness...
New York Times - August 31, 2005
In Search of a Place to Sleep, and News of Home
Hundreds of thousands of evacuees who had packed limited provisions grappled with the new reality of long-term evacuation...
New York Times - August 31, 2005
Disease and Coordination Vie as Major Challenges
Federal officials warned that the public health consequences of Hurricane Katrina were likely to be enormous and long term...
New York Times - August 31, 2005
Fed Panel Saw Higher Risks of Inflation
WASHINGTON, Aug. 30 (AP) - Surging energy prices and a strengthening jobs climate have raised the risk that inflation could worsen, in the opinion of Federal Reserve policy makers, who cited those concerns in a meeting this month in support of continued raising of short-term interest rates...
New York Times - August 31, 2005
At Grand Central, Business Is Booming
Having to close up shop for a couple of years while Grand Central Terminal was being renovated turned out to be a fortunate turn of events for Scott Stein, owner of Grand Central Optical, which had been doing business in a corridor just off Lexington Avenue since 1964. During the renovation, the Metropolitan Transportation Authority, which owns the station, moved the optical shop temporarily to a ground-floor shop in its nearby Madison Avenue headquarters...
New York Times - August 31, 2005
Eyesore to Upscale, One Brownfield at a Time
A developer is turning old industrial sites in Rhode Island into resort-style living...
New York Times - August 31, 2005
Markets Assess Hurricane Damage, and Shares Fall
By The Associated Press...
New York Times - August 31, 2005
Outback Steakhouse Hires Kaplan Thaler
Outback Steakhouse...
New York Times - August 31, 2005
Jude Wanniski, 69, Journalist Who Coined the Term 'Supply-Side Economics,' Dies
Jude Wanniski was a fierce and unconventional partisan who marshaled intellect and salesmanship to promote big tax cuts as the best cure for an ailing economy...
New York Times - August 31, 2005
Federated Will Sell 26 Stores as Part of Antitrust Agreement
By Bloomberg News...
New York Times - August 31, 2005
Civil Penalties for 4 in Kmart Investigation
WASHINGTON, Aug. 30 (Reuters) - Four former Kmart and Newell Rubbermaid executives have settled allegations that they helped Kmart improperly account for vendor allowances for promotional and marketing activities before Kmart filed for bankruptcy protection in 2002, federal regulators said on Tuesday...
New York Times - August 31, 2005
MCI Called Close to a Deal on Back Taxes
MCI Inc. is close to an agreement to pay a total of $315 million in back taxes to 15 states and the District of Columbia, according to a person briefed on the negotiations...
New York Times - August 31, 2005
Carriers Are Stricken by Cancellations and Lack of Fuel
The airline industry felt the brunt of Hurricane Katrina yesterday, with some airports running low on jet fuel and carriers canceling hundreds of flights. Meanwhile, Wall Street feared that the financial problems of the sickest airlines could grow worse...
New York Times - August 31, 2005
Payouts Hinge on the Cause of Damage
As a member of the national catastrophe team at Allstate Insurance, Bill Mellander follows hurricanes for a living. And Katrina looks different from other hurricanes he has seen...
New York Times - August 31, 2005
Icahn's Time Warner Goal Could Be a Stake of 10%
A consortium of hedge funds led by Carl C. Icahn is discussing whether to ratchet up its pressure on Time Warner by raising its stake in the company...
New York Times - August 31, 2005
Bayou Troubles Cast Shadow on Consultancy
The apparent collapse of the Bayou Group, the Connecticut hedge fund manager, has attracted scrutiny to the Hennessee Group, one of the oldest consultants in the hedge fund business...
New York Times - August 31, 2005
Damage to Economy Is Deep and Wide
Economists warn that Hurricane Katrina is likely to leave a deeper mark on the economy than previous hurricanes because of its disruption to the energy supply network...
New York Times - August 31, 2005
A Growing Passion for the Latino Market
Several fresh developments underscore the intensifying ardor among agencies and advertisers in the booming Latino market...
New York Times - August 31, 2005
Microsoft to Acquire Teleo, an Internet Phone Company
Microsoft is expected to announce on Wednesday that it is acquiring a San Francisco-based Internet phone company, Teleo, to add features to its MSN Internet portal service...
New York Times - August 31, 2005
A Turnaround Specialist With an Unusual Strategy
A former chairman of Allied Domecq, Sir Gerry Robinson, is shaking up the London market's summer doldrums with an unorthodox buyout attempt...
New York Times - August 31, 2005
Europe Leaves Trade Talks in China; U.S. Arrives
The United States pressed Beijing to reduce the flow of cheap textiles while Europe sought to pick up the pieces of its failed quota deal...
New York Times - August 31, 2005
Consumer Confidence Rises Unexpectedly
By Reuters...
New York Times - August 31, 2005
G.M. Reports Progress in Returning to Profitability but Also Sees Problems
General Motors executives told financial analysts yesterday that they were making progress in their efforts to become profitable again, but that rising gas prices and continuing negotiations over labor costs were complicating the company's comeback bid...
New York Times - August 31, 2005
U.S. Gets Lift in Lumber Fight With Canada
The World Trade Organization ruled in an interim decision that the imposition of duties on Canadian softwood lumber did not violate international law...
New York Times - August 31, 2005
Sprint Nextel Buys Affiliates to Ease Conflicts
Sprint Nextel will buy two small wireless affiliates, resolving legal issues arising from Sprint's purchase of Nextel Communications...
New York Times - August 31, 2005
Boeing Says Offer to Union Is Final
SEATTLE, Aug. 30 (AP) - The Boeing Company presented on Tuesday what it called its final contract offer to more than 18,000 members of the machinists union, whose leaders urged workers to reject the proposal and strike...
New York Times - August 31, 2005
Security Trust Guilty Pleas
By Reuters...
New York Times - August 31, 2005
Casino Owners Look Toward Rebuilding
As Hurricane Katrina blew a destructive path through Biloxi, Miss., on Monday, the Grand Casino Biloxi, owned by Harrah's Entertainment, came unmoored and washed across U.S. 90. The giant casino, with its 134,200 square feet of gambling space, is probably a total loss, the company said...
New York Times - August 31, 2005
No Quick Fix for Gulf Oil Operations
After Hurricane Katrina's passage, gasoline futures jumped on concerns it would take months to restore production to prestorm levels...
New York Times - August 31, 2005
Big Account in Arizona May Hold Bayou Cash
In the first hopeful sign for investors in the Bayou hedge fund, Arizona authorities say that $101 million they seized from a bank account could be from the fund...
New York Times - August 31, 2005
2 at Citigroup Share Duties and, So Far, Stay Friends
Although the process of remaking Citigroup has been bloody, the bank's newly named co-directors of the global consumer banking group are getting along...
New York Times - August 31, 2005
Chinese Apparel Makers Increasingly Seek the Creative Work
For garment makers in the U.S. and Europe, the next shake-up is likely to come not from China's semiskilled seamstresses, but from its ambitious would-be designers...
New York Times - August 31, 2005
Tennis: Roddick's stunning defeat
Gilles Muller beats former champion Andy Roddick in the first round of the US Open...
BBC News - August 31, 2005
Canada recognises 'gay adultery'
A Canadian woman wins a legal battle to divorce her husband for having an affair with another man...
BBC News - August 31, 2005
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