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US News Archive for May 2007:
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U.S.: Bombs built into Iraqi school
A girls' school being built north of Baghdad had become an explosives-rigged "death trap," the U.S. military said Thursday. Troops found explosives beneath the floor and above the ceiling. It was a "sophisticated and premeditated attempt to inflict massive casualties on our most innocent victims," Maj. Gen. William Caldwell said...
CNN - May 3, 2007
Republicans gather to debate in Reagan's shadow
For Republicans, the Ronald Reagan Library is sacred ground. That's why it's the ideal setting for the first Republican presidential debate of this campaign cycle...
CNN - May 3, 2007
Obama Placed Under Secret Service Protection
The decision to assign agents to protect Senator Barack Obama is the earliest in campaign that the Secret Service has ever issued security detail to a presidential candidate...
New York Times - May 3, 2007
Scientists Urge Energy Changes to Slow Warming
The world powers will need to divert from today?s main energy sources, the top body studying climate change is poised to conclude...
New York Times - May 3, 2007
House Votes to Expand ?Hate Crime? Protections
The bill, extending ?hate crime? protections to include sexuality, is likely to face a veto from President Bush...
New York Times - May 3, 2007
Protesters Gather to Urge Olmert to Resign
The protests follow a damning report on Ehud Olmert?s leadership during Israel?s war with Lebanon...
New York Times - May 3, 2007
Common Gene Raises Heart Risk, Studies Find
Scientists hope a test for the variant will enable physicians to assess patients at risk more accurately...
New York Times - May 3, 2007
Norway Keeps Nest Egg From Some U.S. Companies
After amassing a fortune in excess of $300 billion over the last decade, Norway has started pulling investments for what it claims are ethical failings...
New York Times - May 3, 2007
Top managers blamed for BP blast
A report into a fatal blast at BP's Texas City oil refinery says four executives should be sacked over the incident...
BBC News - May 3, 2007
Bush, Democrats locked on Iraq
President Bush and Congress leaders say they seek common ground on Iraq, but a funding impasse remains...
BBC News - May 3, 2007
Harrington in early Wachovia lead
Padraig Harrington shoots 66 for an early lead at the Wachovia Championship in North Carolina...
BBC News - May 3, 2007
Starbucks strikes Ethiopia deal
Starbucks and Ethiopia reach an agreement which could help end a dispute over coffee bean trademarks...
BBC News - May 3, 2007
Bank rules to blame - Wolfowitz
World Bank President Paul Wolfowitz blames 'unclear' bank rules for the scandal over his girlfriend's pay...
BBC News - May 3, 2007
Chavez targets Venezuela banks
President Hugo Chavez threatens to take over Venezuela's private banks and largest steel firm...
BBC News - May 3, 2007
US astronaut dies aged 84
Walter Schirra, a US space pioneer who was the only man to fly on Mercury, Gemini and Apollo missions, dies...
BBC News - May 3, 2007
Rice meets Syrian foreign minister
U.S. Secretary of State Condoleezza Rice met Syria's foreign minister Thursday in the first high-level talks between the two countries in years...
CNN - May 3, 2007
LAPD's crowd control tactics probed
Three investigations have been launched into LAPD officers' tactics in dispersing a crowd at an immigration rally, where police fired rubber bullets into crowds. Police Chief William Bratton says the barrage of 240 rubber bullets shouldn't have happened...
CNN - May 3, 2007
GOP strategist: Tonight's debate is 'batting practice'
Ten Republicans, one stage, 90 minutes -- just enough time for Rudy Giuliani, John McCain or Mitt Romney to make a major gaffe as underdog rivals scramble for relevancy during the first GOP presidential debate Thursday...
CNN - May 3, 2007
Qaeda Figure in Iraq Killed, U.S. Military Says
The senior minister of information for Al Qaeda in Iraq was killed in a firefight during a raid north of Baghdad...
New York Times - May 3, 2007
Rice Meets Syrian Foreign Minister
The meeting at a conference in Egypt today was the first diplomatic contact at such a high level between the two countries in years...
New York Times - May 3, 2007
G.M. Profit Down 90% From 2006
G.M. improved its performance in North America but was weighed down by heavy losses in its financing arm...
New York Times - May 3, 2007
China Makes Arrest in Pet Food Case
The head of a company accused of selling tainted wheat gluten to U.S. suppliers is being held by authorities...
New York Times - May 3, 2007
The Times Names Public Editor
Clark Hoyt, the former Washington editor at Knight-Ridder, begins on May 14...
New York Times - May 3, 2007
Wielding the presidential veto
As George W Bush uses his veto for only the second time, the BBC News website takes a historical perspective and asks what the step means...
BBC News - May 3, 2007
Sub-prime lending crisis hits GM
Car giant General Motors is hit by the problems in the US housing market, as its finance arm sinks into the red...
BBC News - May 3, 2007
US more productive than thought
US productivity grows faster than expected in the first quarter of 2007, while wages rise by less than forecast...
BBC News - May 3, 2007
Woods poised for emotional return
Tiger Woods starts his first event since the Masters on Thursday - exactly a year after the death of his father...
BBC News - May 3, 2007
Crime 'risk' to Caribbean growth
Violence and crime in the Caribbean are undermining growth and investment, a World Bank report says...
BBC News - May 3, 2007
Experts warn over Iraq withdrawal
With the debate heating up over the withdrawal of U.S. forces in Iraq, CNN analysts and other observers warn of the potential consequences of leaving the country too soon: An international terror hub for the al Qaeda network, extreme sectarian violence, and the potential for a larger regional conflict that draws in Saudi Arabia, Iran and others...
CNN - May 3, 2007
Iraq exit could spell disaster, experts warn
Observers warn of the potential consequences of leaving too soon: an international terror hub for al Qaeda, extreme sectarian violence, and the potential for a larger regional conflict that draws in Saudi Arabia, Iran and others...
CNN - May 3, 2007
Concern Is High and Unity Hopes Are Nil at Talks on Iraq
Competing agendas amongst the 60 countries expected to attend suggest that cobbling together an effective, widely accepted strategy will be hard...
New York Times - May 3, 2007
US rape suspect held in HK
One of America's most wanted suspected sex offenders, Kenneth Freeman, is caught in Hong Kong...
BBC News - May 3, 2007
Queen begins US trip in Virginia
Britain's Queen Elizabeth II is starting her first trip to the US for 16 years with a visit to Virginia...
BBC News - May 3, 2007
US denies curb on UK Pakistanis
The US embassy denies reports that Washington wants to tighten visa curbs on Britons of Pakistani origin...
BBC News - May 3, 2007
Defeat for Bahamas government
Voters in the Bahamas oust the government in favour of the opposition FNM party, unofficial results show...
BBC News - May 3, 2007
Man who allegedly raped daughter captured
A man accused of raping his daughter and posting the video online was arrested in Hong Kong, authorities said Wednesday. The now 17-year-old daughter of the former sheriff's reserve deputy in Benton County, Washington, told her story on "America's Most Wanted" in December...
CNN - May 3, 2007
Yankees, Hurting, See Culprit: The Fitness Coach
After an alarming run of hamstring injuries, the Yankees fired strength and conditioning coach Marty Miller...
New York Times - May 3, 2007
Justice Dept. Announces Inquiry Into Its Hiring
The inquiry focuses on whether a former a top aide to the attorney general sought to determine the political affiliations of job applicants...
New York Times - May 3, 2007
Feeling Warmth, Subtropical Plants Move North
Many experts agree that climate change has meant a longer growing season and a more robust selection...
New York Times - May 3, 2007
G.O.P. Contenders Ponder What to Say About Bush
The Republican field is wrestling with how to deal with the president as they gather for their first debate...
New York Times - May 3, 2007
World Business Briefing: Switzerland: Quarterly Profit Up 5% at Credit Suisse
Credit Suisse said first-quarter profit rose 5 percent, helped by favorable markets for trading stocks and bonds and more commissions from wealthy clients. Profit was 2.7 billion Swiss francs ($2.23 billion), compared with 2.6 billion francs a year earlier. Overall revenue rose 6 percent, to 11.62 billion francs ($9.61 billion). The private banking arm benefited from healthy markets, with commissions and fees up 18 percent. Oswald J. Grübel, 63, is stepping down as chief executive tomorrow, and will be succeeded by Brady W. Dougan. Mr. Dougan, 47, is chief of Credit Suisse?s investment bank...
New York Times - May 3, 2007
World Business Briefing: Japan: Fujitsu to Acquire French Company
Fujitsu plans to buy GFI Informatique of France for 419 million euros ($569 million) to add computer-services clients and reduce its reliance on Japan. Fujitsu, based in Tokyo, intends to offer 8.50 euros for each GFI share and 3.15 euros for each warrant of the company, a computer consultant based in Paris. The companies have no formal agreement, Fujitsu said...
New York Times - May 3, 2007
World Business Briefing: Canada: Real Estate Concern Plans Spinoff
Brookfield Asset Management said it would focus on its real estate holdings, which include the World Financial Center in Manhattan, by spinning off about $1 billion in infrastructure assets to shareholders. The assets, which will be held by a newly created company, Brookfield Infrastructure Partners, include 1.2 million acres of timberlands in Canada and the United States, as well as electrical transmission facilities in Canada, Brazil and Chile. Brookfield Asset, based in Toronto, will hold a 40 percent stake in the new company. Brookfield Asset also said it would split its shares 3-for-2...
New York Times - May 3, 2007
Factory Orders Show Strength While Jobs Market Is Mixed
Orders at U.S. factories rose 3.1 percent in March, the biggest gain in a year and above the 2.1 percent analysts were expecting...
New York Times - May 3, 2007
World Business Briefing: Canada: Earnings Rise at Telephone Giant
BCE, the parent of Bell Canada, said first-quarter profit rose 4.6 percent, to 499 million Canadian dollars ($450 million) because of lower restructuring costs and an extraordinary gain. Poor performance in the wireless unit meant that Bell Canada revenue rose just 0.4 percent over the same quarter a year earlier, reaching 3.58 billion Canadian dollars ($3.22 billion). Bell Mobility signed up just 13,000 cellphone subscribers during the period compared with 76,000 a year earlier. Recent price increases by Bell Mobility have not been matched by competitors. BCE said last month that it was in talks with Canadian pension funds and private equity investors that might lead to its going private...
New York Times - May 3, 2007
World Business Briefing: South Korea: Net Income Down Again at Hyundai
The Hyundai Motor Company said profit fell for a fifth straight quarter as sales fell on labor strikes, a stronger South Korean won and intense competition in China. Hyundai said first-quarter profit fell 10.2 percent, to 307.4 billion won ($329.22 million), from 342.39 billion won a year earlier. Sales fell 2.6 percent, to 6.684 trillion won ($7.16 billion). The company said sales improved in April, and its shares rose 4 percent...
New York Times - May 3, 2007
Stocks & Bonds: Factory Orders Rise, and So Does the Dow
The Dow jumped past 13,200 for the first time after a strong reading on factory orders helped spur investor optimism...
New York Times - May 3, 2007
Judge Approves $1.53 Billion Verdict Against Microsoft
The verdict was in favor of Alcatel-Lucent in a digital music patent dispute against Microsoft...
New York Times - May 3, 2007
Deal Is Made to Sell U.S. Foodservice
Royal Ahold said it had agreed to sell the U.S. Foodservice distributor to a consortium of private equity firms for $7.1 billion...
New York Times - May 3, 2007
Time Warner Lifts Forecast on Growing Cable Earnings
The media company raised its 2007 forecast after surging cable-television earnings helped first-quarter profit beat analysts? estimates...
New York Times - May 3, 2007
Citigroup Will Acquire Bisys Group in Cash Deal
The $1.45 billion deal is part of a push by Citigroup to serve hedge fund and private equity customers...
New York Times - May 3, 2007
Mortgage Unit Produces Loss for GMAC
General Motors? former finance arm, GMAC, posted a loss as pressure on the mortgage market forced the company to take charges at its housing finance unit...
New York Times - May 3, 2007
Global Transactions Aid MasterCard Net
International transactions helped lift first-quarter net income by nearly 70 percent, topping analyst expectations...
New York Times - May 3, 2007
Blockbuster Widens Loss; Movie Rentals Remain Weak
The movie rental company said its first-quarter loss had widened because of a soft market for movie rentals and heavy spending on its online program...
New York Times - May 3, 2007
Biogen Profit Rises 7%
Profit increased on strong sales of its two leading drugs, Rituxan and Avonex, though the company fell short of Wall Street?s expectations...
New York Times - May 3, 2007
Ex-Governor Assailed as Inept in Trial of Conrad Black
Defense lawyers questioned the memory, business acumen and integrity of the former governor of Illinois, James R. Thompson in the trial of Conrad M. Black...
New York Times - May 3, 2007
Fannie Mae Reports 26% Increase in Profit for ?05
The company also expected to report lower earnings for 2006 and named a new chief financial officer...
New York Times - May 3, 2007
Heavy Options Activity Stirs Suspicions
Severally unusually large trades in shares of Dow Jones indicate that some investors may have known about the acquisition offer ahead of time...
New York Times - May 3, 2007
A Change in Control Could Mean Big Payouts for Executives
A deal for Dow Jones could allow thousands of its employees to cash out their stock options for a tidy profit...
New York Times - May 3, 2007
AOL Slips to No. 3 on Internet
AOL has given up its title as the leading Internet service provider, a reflection of changing consumer habits and its own strategic shift...
New York Times - May 3, 2007
Economic Scene: Sometimes the Stock Does Better Than the Investor That Buys the Stock
Have investors in the stock market done as well as stocks? Surprisingly, the answer is no...
New York Times - May 3, 2007
Committee Is Likely to Say Wolfowitz Broke Rules
Such a conclusion by members of the World Bank board would increase pressure on Paul D. Wolfowitz to resign...
New York Times - May 3, 2007
I.R.S. Curtails Many Audits in Tax Havens
Stalling tactics have made it hard to complete the audits within the required three years, investigators say...
New York Times - May 3, 2007
China Food Mislabeled, U.S. Says
U.S. regulators said a Chinese company avoided inspections partly because it did not correctly disclose its shipping contents to Chinese authorities...
New York Times - May 3, 2007
First the Bid, Now the Jockeying
The board of Dow Jones left enough room for Rupert Murdoch to work his powers of persuasion on the Bancroft family...
New York Times - May 3, 2007
In Web Uproar, Antipiracy Code Spreads Wildly
Sophisticated Internet users have joined up to distribute a code used to prevent piracy of high-definition movies...
New York Times - May 3, 2007
Wall Street Journal Weighs Life Under Rupert Murdoch
The media baron is known to take a hands-on approach to his politically barbed and sometimes racy properties...
New York Times - May 3, 2007
Major Parts Maker in Talks With Auto Unions
Magna International is in talks with Canadian and U.S. auto unions about adding its tens of thousands of workers to their ranks...
New York Times - May 3, 2007
Sprint Nextel Posts a Loss Amid Concern About Market Share
The loss fueled concern that the company was losing market share to its rivals as it struggles to achieve a turnaround...
New York Times - May 3, 2007
Same Goal, Two Very Different Bankers
The fight for control of ABN Amro brings head to head two very different personalities atop Europe?s banking world...
New York Times - May 3, 2007
I.B.M. to Announce an Advance in Making Chips Faster and More Energy-Efficient
I.B.M. scientists have designed a new material that could increase the speed of semiconductors and reduce their energy consumption...
New York Times - May 3, 2007
Advertising: Avoiding Ads With TiVo? TiVo Strikes Back
A new TiVo ad campaign is aiming to be ?TiVo-proof? ? compelling enough so that viewers will watch the commercials rather than zip past them...
New York Times - May 3, 2007
Cablevision Deal Remains Very Much Up in the Air
The deal is still subject to approval of shareholders and many analysts and investors are concerned that the offer may be too low...
New York Times - May 3, 2007
State of the Art: Your Life, in a Movie of Top Quality
New camcorders from Sony and JVC give home movies the same kind of clarity as Hollywood releases...
New York Times - May 3, 2007
Cricket: W Indies drop Samuels
West Indies leave Marlon Samuels out of the party to tour England this summer...
BBC News - May 3, 2007
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