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US News Archive for April 2007:
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One dead after CNN shooting
A woman is dead and a man in "extremely critical condition" after a shooting Tuesday at CNN's headquarters in Atlanta, Georgia, a hospital spokeswoman confirmed...
CNN - April 3, 2007
Woman shot to death at CNN Center
A woman died after being shot Tuesday at Atlanta's CNN Center and a man is in "extremely critical" condition, a hospital spokeswoman said. The gunman shot the woman twice, according to witnesses. He was then shot by a security officer...
CNN - April 3, 2007
Tsunami death toll rises higher
Survivors got their first boatloads of aid in the Solomon Islands tsunami zone Tuesday as more bodies were found amid the rubble triggered by a massive undersea earthquake. Flights over remote coastal villages in the stricken Western Province of the islands on Tuesday reported widespread destruction, a local official said...
CNN - April 3, 2007
Flashy Wrestling Shows Grab the World by the Neck and Flex
In Detroit and around the world, WrestleMania, a smorgasbord of hairspray, cleavage and monster body slams, remains as popular as ever...
New York Times - April 3, 2007
Economix: One Safety Net Is Disappearing. What Will Follow?
Layoffs at Circuit City last week suggest that experience isn?t as valuable as we would like to think...
New York Times - April 3, 2007
U.S. Sues Five Jackson Hewitt Tax Franchise Firms
Federal investigators said the companies, which operate retail preparation stores, defrauded the Treasury out of more than $70 million...
New York Times - April 3, 2007
Russia Challenges the U.S. Monopoly on Satellite Navigation
The Russian space agency plans to launch eight navigation satellites to nearly complete a network that will compete with the Global Positioning System operated by the United States...
New York Times - April 3, 2007
US carmakers see March sales dip
US automakers including GM and Ford come under greater pressure from foreign rivals, and see sales dip in March...
BBC News - April 3, 2007
Paraguay hunt for Japan hostages
Police in Paraguay mount a huge search operation for two Japanese nationals who were abducted at gunpoint...
BBC News - April 3, 2007
Warning of bad hurricane season
As many as 17 named tropical storms are forecast for 2007, with at least one major storm expected to hit the US...
BBC News - April 3, 2007
Fatal shooting at CNN Atlanta HQ
A woman is dead and the suspected gunman critically injured after a shooting at the CNN Center complex in Atlanta...
BBC News - April 3, 2007
US reporter ends record jail term
Journalist Josh Wolf is freed after serving the longest jail time in US history for failing to reveal information...
BBC News - April 3, 2007
Maradona's health 'improving'
Argentine ex-football star Diego Maradona's health is improving but he will stay in hospital for two more weeks...
BBC News - April 3, 2007
Bush: 'Unacceptable' bill threatens troops
President Bush today said that not having a war funding bill that he can sign will extend troops in Iraq and Afghanistan longer and cut back on training. "Congress says it supports the troops," Bush said, "now they need to show that support in deeds as well as words."...
CNN - April 3, 2007
Iranian Diplomat Is Said to Be Released in Iraq
Jalal Sharafi, who was seized two months ago, will return to Tehran today, Iran?s official news agency reported...
New York Times - April 3, 2007
Bush Criticizes Democrats on War Funds
President Bush today repeated his warning that he would veto any bill that contains a timetable for withdrawing from Iraq...
New York Times - April 3, 2007
French Train Breaks Rail Speed Record
A high-speed French train with a souped-up engine and wheels broke the world speed record for conventional rail trains, reaching 357 m.p.h...
New York Times - April 3, 2007
Cricket: Windies 'need Irish spirit'
Former West Indies all-rounder Phil Simmons says Ireland could teach the World Cup hosts a lesson in motivation...
BBC News - April 3, 2007
Gators snap up basketball title
Florida retain the US college basketball title with an 84-75 win over Ohio State...
BBC News - April 3, 2007
Mexico police seize 'cartel head'
Police in Mexico arrest a man they say is a leader of one of the country's biggest drug cartels...
BBC News - April 3, 2007
Bush rival breaks Syria boycott
Top US Democrat Nancy Pelosi arrives in Damascus for a visit criticised by the White House undermining US policy...
BBC News - April 3, 2007
Venezuela arrests over jailbreak
Venezuela police arrest 59 people after a former governor awaiting trial on corruption charges escapes from jail...
BBC News - April 3, 2007
Next 48 hours critical, says Blair
British Prime Minister Tony Blair says the way is open for diplomatic efforts to secure the release of 15 sailors captured by Iran but warns "the next 48 hours will be fairly critical." His comments come after Iranian chief negotiator, Ali Larijani, said Iran did not plan to put the detainees on trial...
CNN - April 3, 2007
National strike begins in Zimbabwe
Zimbabwean police and troops fanned out through impoverished townships Tuesday on the first day of a two-day national strike called to protest deepening economic hardships blamed on the government...
CNN - April 3, 2007
Memo Pad
AIR TAXIS ADVANCE DayJet, a Florida-based company, took delivery of three Eclipse 500 very light jets on Saturday as it geared up to start air taxi service by the summer. With 239 orders for the $1.5 million jets, DayJet is Eclipse?s largest customer. DayJet plans to begin its on-demand service on routes of 300 to 600 miles in Florida, and expand later throughout the Southeast, using regional and community airports rather than major commercial airports. Eclipse, with more than 2,500 orders for its 500 model, is one of more than half a dozen manufacturers making very light jets. About 5,000 of the new planes will be operating within 10 years, the Federal Aviation Administration has said...
New York Times - April 3, 2007
Chicagoan Puts Up $315 Million to Win $8.2 Billion Tribune Co.
Tribune has joined forces with Samuel Zell to take the company private and pay shareholders $34 a share...
New York Times - April 3, 2007
US attacks unfair trade practices
The US says that more than 60 of its main trading partners are still engaging in unfair practices...
BBC News - April 3, 2007
Peru to bomb Amazon drug labs
President Alan Garcia orders the use of warplanes to destroy drug laboratories in Peru's Amazon jungle...
BBC News - April 3, 2007
Solomons: 'Today will be telling'
At least 20 people were killed in the Solomons and neighboring Papua New Guinea, and officials said the toll was likely rise further on Tuesday...
CNN - April 3, 2007
Ukraine president calls early elections
President Viktor Yushchenko dissolved Ukraine's parliament and called early elections Monday, but parliament refused to acknowledge the order and vowed to continue meeting as the country slipped further into political turmoil...
CNN - April 3, 2007
Supreme Court Denies Guantánamo Appeal
The Supreme Court declined to hear urgent appeals from 45 detainees at Guantánamo Bay, Cuba who have been held for more than five years and have not been charged...
New York Times - April 3, 2007
Florida 84, Ohio State 75: Gators Repeat as National Champions
With an emphatic and definitive victory over Ohio State, the Florida Gators left one final mark for their legacy as one of the great teams in college basketball...
New York Times - April 3, 2007
Obama Built Donor Network From Roots Up
In his 2004 Senate race, Barack Obama systematically built a sophisticated, and in many ways quite conventional, money machine...
New York Times - April 3, 2007
The Climate Divide: Reports From Four Fronts in the War on Warming
There is a growing consensus that the first world owes the third world a climate debt...
New York Times - April 3, 2007
World Business Briefing | Asia: Japan: Vehicle Sales Keep Falling
Vehicle sales fell for a 21st straight month, led by Nissan and Toyota, capping their worst business year in three decades. Sales of cars, trucks and buses, excluding minicars, fell 12.6 percent, to 487,738 vehicles in March from a year earlier, the Japan Automobile Dealers Association said. Nissan?s sales fell 16 percent, while Toyota?s dropped 12 percent. Sales of vehicles excluding minicars dropped 8.3 percent, to 3.59 million units, the lowest level in 29 years, in the 12 months ended March 31...
New York Times - April 3, 2007
Foundations? Giving Is Said to Have Set Record in ?06
Giving by foundations climbed past $40 billion last year, according to estimates by the Foundation Center, breaking a record of $36.4 billion set in 2005...
New York Times - April 3, 2007
World Business Briefing | Australia/new Zealand: Australia: Coles Stake Acquired
Wesfarmers, Australia?s biggest home-improvement retailer, said it had bought an 11.3 percent stake in the Coles Group, the country?s second-biggest retailer, and is seeking talks with the company. Wesfarmers paid 16.47 Australian dollars ($13.40) a share for its stake, information from the Australian Stock Exchange shows, valuing Coles at 19.7 billion Australian dollars, or $16 billion. Coles, Australia?s second-biggest retailer, put itself up for sale in February, after saying it would not meet profit forecasts that had been cited to reject a bid of 18.2 billion Australian dollars by the private equity firm Kohlberg, Kravis, Roberts & Company...
New York Times - April 3, 2007
Bank Said to Weigh Spinoff of a Unit
The Metavante Corporation would become its own company under a deal being completed by its parent company, the Milwaukee bank Marshall & Ilsley, and the private equity firm Warburg Pincus...
New York Times - April 3, 2007
World Business Briefing | Australia/new Zealand: Australia: Credit Checker Sold
Merrill Lynch & Company?s buyout fund and Pacific Equity Partners agreed to buy Veda Advantage, the biggest credit-checking company in Australia and New Zealand, for 814 million Australian dollars ($659 million). Veda, which is based in Sydney, said its directors endorsed the bid, which was for 3.61 Australian dollars a share. The deal comes as record household debt has spurred demand for Veda?s data...
New York Times - April 3, 2007
World Business Briefing | Americas: Canada: Maker of Cleaners Acquired
A maker of bleach and other household products, the KCP Income Fund, said it would be acquired by a private equity firm, Caxton-Iseman Capital of New York, in a deal worth about 493 million Canadian dollars ($423 million). The companies said shares of KCP would be redeemed for 10 Canadian dollars each, a 25 percent premium to the closing price of 8 Canadian dollars on Friday. Shareholders of KCP said in November it had retained TD Securities and Genuity Capital Markets to help it review strategic alternatives. KCP said the move was set off by the Canadian government?s decision to start taxing income trusts...
New York Times - April 3, 2007
Hotel Chain Chief Resigns in Clash With Board
Starwood Hotels said Steven J. Heyer had resigned, surprising analysts who said the company?s overall strategy was sound...
New York Times - April 3, 2007
Factory Growth Slows
Manufacturing growth slowed more than forecast last month and the cost of raw materials jumped, reinforcing concerns that inflation is not being reduced as the economy cools...
New York Times - April 3, 2007
Goodby, Silverstein Wins Sprint Account
Sprint Nextel selected Goodby, Silverstein & Partners in San Francisco, part of the Omnicom Group, for its creative account...
New York Times - April 3, 2007
AirTran Raises Bid
The low-fare carrier increased its hostile takeover offer for the Midwest Air Group by 13 percent, to $389 million...
New York Times - April 3, 2007
Takeover Deals Give Shares a Modest Lift
A spate of takeover deals outweighed a report showing that manufacturing activity was more sluggish than expected in March...
New York Times - April 3, 2007
Ex-Qwest Official Testifies on Stock Buyback
Joseph P. Nacchio called for a repurchase of $1 billion in company stock in 2001, a former Qwest president testified...
New York Times - April 3, 2007
Charges Dismissed for Ex-Enron Trader
A federal judge dismissed charges against Christopher Calger who admitted to participating in the fraud that destroyed the company...
New York Times - April 3, 2007
Tenet Healthcare to Pay $10 Million Civil Fine
Two former executives also will pay fines to settle charges that the company exploited a Medicare loophole...
New York Times - April 3, 2007
Xerox to Buy an Office Supplier in Move to Serve Small Business
Xerox will buy Global Imaging Systems, a provider of office technology products, for $1.5 billion...
New York Times - April 3, 2007
Payments Examined Again at Black?s Trial
The president of a Kentucky company conceded he may have received ?some legal protection? from Hollinger Inc...
New York Times - April 3, 2007
Comcast, Cash in Mind, Ends Partnership
Comcast and Insight Communications have agreed to end a cable partnership in four states because Comcast wants to add a source of cash flow...
New York Times - April 3, 2007
AT&T and Mexican Affiliate Seek Stake in Italian Company
AT&T and its Mexican affiliate, América Móvil, have bid more than $6 billion for control of Italy?s largest cellphone company, Telecom Italia...
New York Times - April 3, 2007
Frequent Flier: Holes in His Socks and Shoe Polish on His Suit
I am a self-confident guy. So I?m really surprised at the inordinate amount of time I spend worrying about my socks...
New York Times - April 3, 2007
German Suitor Makes Deal With Rivals and Ends Its Bid for Endesa, a Spanish Utility
E.On withdrew its offer in exchange for a promise from rival bidders to sell it part of Endesa?s assets...
New York Times - April 3, 2007
Justices Say E.P.A. Has Power to Act on Harmful Gases
The Supreme Court?s ruling that the Clean Air Act expressly authorizes the E.P.A. to regulate carbon dioxide emissions was a strong rebuke to the Bush administration...
New York Times - April 3, 2007
Grant Thornton Resigns as Fremont?s Auditor
The auditor of Fremont General resigned with a complaint that the company had failed to provide information when promised...
New York Times - April 3, 2007
Aeroflot Surprises With Bid for Alitalia
If successful, Aeroflot?s bid for the Italian flag carrier would be its first large investment outside the former Soviet Union...
New York Times - April 3, 2007
K.K.R. Offer of $26 Billion Is Accepted by First Data
The takeover is the second-largest leveraged buyout ever and the latest in a string of buyouts by Kohlberg Kravis in an era of easily accessible financing...
New York Times - April 3, 2007
Millions to Be Repaid After College Loan Inquiry
Citibank and five universities will pay $5.2 million to resolve an investigation into student loan practices...
New York Times - April 3, 2007
Employee Owners Don?t Necessarily Have a Say in Management
Employee stock ownership plans of the sort being used by the Tribune Company have not always worked out as hoped...
New York Times - April 3, 2007
On the Road: Stuck in an Airplane and in an Overloaded System
More people and more airplanes are being squeezed into an infrastructure that wasn?t built to accommodate such a load...
New York Times - April 3, 2007
Advertising: Master of Search Seeks Mastery of the TV Dial
Google plans to begin selling TV ads on the satellite programming channels distributed by EchoStar?s DISH Network...
New York Times - April 3, 2007
3 Patents on Stem Cells Are Revoked in Initial Review
If the decision stands, some scientists and consumer groups say it could ease limits on research in the field...
New York Times - April 3, 2007
Verdict Backing Oil-Royalty Whistle-Blower Is Overturned
A federal judge overturned a verdict in favor of a whistle-blower at the Interior Department who charged that the Kerr-McGee Corporation cheated the government out of millions...
New York Times - April 3, 2007
News Analysis: The Cycle Turns, and Airline Shares Have Fans Again
If everything goes perfectly ? and that is a big if ? the airline industry could report record profits this year...
New York Times - April 3, 2007
Home Lender Is Seeking Bankruptcy
New Century Financial became the biggest, and most prominent, corporate failure in the subprime mortgage business...
New York Times - April 3, 2007
Lost and Very Rarely Found
Small electronic gadgets are the items most easily left behind, but travelers leave all sorts of things on planes and in hotel rooms...
New York Times - April 3, 2007
For Tribune Buyer, a Storm to the West
The Los Angeles Times was nothing but trouble for Tribune and it may prove even more of a challenge for Samuel Zell...
New York Times - April 3, 2007
The Media Equation: A New Owner Who Is Hedging His Bets
Taking Tribune private will ease quarterly earnings pressures but operational challenges will remain...
New York Times - April 3, 2007
EMI to Drop Digital Locks in Web Sales
In a significant shift, EMI will sell songs online through Apple?s music service without copy protection...
New York Times - April 3, 2007
Chicagoan Puts Up $315 Million to Win Tribune Co.
Tribune has joined forces with Sam Zell to take the company private and pay shareholders $34 a share...
New York Times - April 3, 2007
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