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US News Archive for July 2007:
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Alinghi Holds On to America?s Cup
The Swiss team won a thrilling photo finish over Team New Zealand and clinched the America?s Cup on Tuesday, becoming only the third yacht to retain the 156-year-old trophy...
New York Times - July 3, 2007
Clashes at Mosque in Pakistani Capital
Several people were killed in fighting at a mosque run by radical clerics who have challenged the government...
New York Times - July 3, 2007
Iraqi Cabinet Approves Part of Oil Law
The cabinet has yet to deal with how the oil revenue would be shared among various groups in the country...
New York Times - July 3, 2007
Zimbabwe Price Controls Cause Chaos
Merchants reported huge losses as crowds descended on stores to buy goods at government-ordered prices...
New York Times - July 3, 2007
Palestinian Civil Servants to Be Paid
Workers loyal to the new emergency government will be paid; employees who remain allied with Hamas will not...
New York Times - July 3, 2007
Patient?s TB Is Less Severe Than Thought
Doctors said that the man who caused an health scare would still require as much as two years of treatment...
New York Times - July 3, 2007
On Money, Romney and Giuliani Trail Top Democrats
Mitt Romney?s campaign brought in $14 million in the second quarter, while Rudolph W. Giuliani raised $17 million...
New York Times - July 3, 2007
Bush Does Not Rule Out a Libby Pardon
?As to the future, I rule nothing in or nothing out,? the president said, though his spokesman indicated that he thought it unlikely...
New York Times - July 3, 2007
Economix: The Tricky Part of an E-ZPass Economy
An economist has found that after an electronic system is put in place, tolls start rising sharply...
New York Times - July 3, 2007
U.S. Auto Sales Wobble; GM Plunges
GM on Tuesday posted a 24 percent decline in June sales, as U.S. automakers lost share and overall monthly sales sputtered in the face of high fuel prices and a weak housing market...
New York Times - July 3, 2007
Ford and GM see US sales decline
Struggling US carmakers Ford and General Motors both see another sharp drop in monthly US sales...
BBC News - July 3, 2007
Mexican 'world's richest person'
Mexican tycoon Carlos Slim has overtaken Bill Gates to become the world's richest person, a financial website says...
BBC News - July 3, 2007
KKR announces float plan
Private equity group KKR is to float on the New York Stock Exchange, saying it aims to raise as much as $1.25bn...
BBC News - July 3, 2007
'Slave' labourers freed in Brazil
More than 1,000 labourers are found by government officials on a plantation, working 14 hours a day...
BBC News - July 3, 2007
Alinghi Holds On to America?s Cup
The Swiss team won a thrilling photo finish over Team New Zealand and clinched the America?s Cup on Tuesday, becoming only the third yacht to retain the 156-year-old trophy...
New York Times - July 3, 2007
Iraq Cabinet Approves Oil Law Draft
BAGHDAD (AP) -- Prime Minister Nouri al-Maliki's Cabinet approved a draft oil law sought by the U.S. to boost reconciliation between Iraq's Sunnis and Shiites and the Iraqi parliament planned to debate the measure Wednesday...
New York Times - July 3, 2007
Doctor Arrested in Australia in Failed Car Bombings
Details were murky in the detention of the doctor, an Indian who had worked in Britain before relocating to Australia...
New York Times - July 3, 2007
Clash at Mosque in Pakistani Capital
Clashes broke out at a mosque run by radical clerics who have made headlines in recent months for openly challenging the government...
New York Times - July 3, 2007
News Analysis: For President, Libby Case Was a Test of Will
In the end, President Bush did not want to fail what had become a test of political will in the eyes of his conservative believers...
New York Times - July 3, 2007
Factory Orders Fell 0.5 Percent in May
New orders at U.S. factories fell a smaller-than-forecast 0.5 percent in May, logging the first decline in four months...
New York Times - July 3, 2007
Kraft Offers $7.2 Billion for Groupe Danone?s Biscuit Business
The sale would give Kraft a new asset in the snack food business, its fastest growing segment, and allow it to extend its global reach...
New York Times - July 3, 2007
SAP Admits Data Was Taken From Oracle
The German software company says an American subsidiary?s actions were ?inappropriate? but contests a claim of espionage...
New York Times - July 3, 2007
US home sales near a six-year low
Pending sales of existing US homes fell in May to the lowest level in almost six years, new figures show...
BBC News - July 3, 2007
Ford's US sales fall yet further
Struggling carmaker Ford reports yet another sharp drop in US sales as it continues to fail to win over buyers...
BBC News - July 3, 2007
Sailing: Alinghi win America's Cup
Switzerland's Alinghi win the 32nd America's Cup to become the first European team to defend sailing's most prestigious prize...
BBC News - July 3, 2007
Short on Money, McCain Campaign Dismisses Dozens
The campaign of Senator John McCain acknowledged that it was in crisis after it raised just $11.2 million in the last three months...
New York Times - July 3, 2007
The Ripples of Punishing One Bank
It has taken four months and complex negotiations to transfer the money, contained in accounts frozen at the bank...
New York Times - July 3, 2007
SAP admits Oracle data downloads
SAP admits one of its units made "inappropriate downloads" of documents belonging to rival Oracle...
BBC News - July 3, 2007
Argentina into last eight of Copa
Juan Roman Riquelme scores twice but Hernan Crespo is injured as Argentina win to join Paraguay in the Copa America quarter-finals...
BBC News - July 3, 2007
Arizona clamps down on illegals
Arizona Governor Janet Napolitano signs into law a bill penalising employers who hire illegal immigrant workers...
BBC News - July 3, 2007
Oil spill adds to US flood misery
An oil slick adds to flood problems for thousands of people in the US states of Kansas, Oklahoma and Texas...
BBC News - July 3, 2007
The Hard Part: Newark?s Mayor Battles Old Guard and Rumors
Cory A. Booker has enjoyed national celebrity as a rising black political star, but faces rumor and dissent at home...
New York Times - July 3, 2007
With Husband, Clinton Tries to Revive Iowa Bid
Former President Bill Clinton is trying to raise his wife?s standing in a politically important state where her bid for the presidency appears to be struggling...
New York Times - July 3, 2007
Keeping Patients? Details Private, Even From Kin
Critics say a law designed to keep medical information confidential is being overzealously applied...
New York Times - July 3, 2007
Pressed for Money, McCain Cuts Campaign Staff
After raising just $11.2 million in the last three months, aides said there were signs Senator John McCain?s campaign is hemorrhaging support among Republicans...
New York Times - July 3, 2007
Beverly Sills, the All-American Diva, Is Dead at 78
Beverly Sills, the Brooklyn-born soprano, was a genuine celebrity and an invaluable advocate for the fine arts...
New York Times - July 3, 2007
Commutation Doesn?t Equal a Full Pardon
A commutation lessens the severity of the punishment. A pardon excuses or forgives the offense itself...
New York Times - July 3, 2007
News Analysis: For Bush, Action in Libby Case Was a Test of Will
President Bush?s decision to commute the sentence of I. Lewis Libby Jr. was the act of a leader who knows he has dwindling support and just 18 months left in office...
New York Times - July 3, 2007
Bush Spares Libby 30-Month Jail Term
President Bush said that he had used his power of clemency to commute the 30-month sentence for I. Lewis Libby Jr., who was convicted of perjury in the C.I.A. leak case...
New York Times - July 3, 2007
No Deal for Trump Casinos
Trump Entertainment Resorts announced Monday it is not likely to be sold, sending shares of the company plunging in early trading...
New York Times - July 3, 2007
Carlyle Group to Buy Manor Care
Manor Care Inc. , the largest U.S. operator of homes for the elderly, said on Monday it agreed to be acquired by Carlyle Group for $4.9 billion...
New York Times - July 3, 2007
AT&T to Pay $2.8 Billion for Dobson
...
New York Times - July 3, 2007
World Business Briefing: Israel: Telecom Company Acquired
ECI Telecom, an Israeli maker of telecommunications equipment, agreed to be bought by the Swarth Group and the Ashmore Group for $1.2 billion...
New York Times - July 3, 2007
World Business Briefing: France: Store May Open on Sunday
LVMH Moët Hennessy Louis Vuitton, the luxury goods maker, can keep its Louis Vuitton flagship store in Paris open on Sundays because a visit to the outlet is a cultural experience, an appeals court ruled...
New York Times - July 3, 2007
World Business Briefing: Japan: Business Confidence Is Steady
Confidence at major Japanese companies remained unchanged from three months ago, a closely watched Bank of Japan survey showed, possibly reinforcing expectations that the central bank would raise interest rates in August...
New York Times - July 3, 2007
World Business Briefing: Macquarie Units Buy a U.S. Concern
The Macquarie Communications Infrastructure Group of Australia said its Macquarie Bank consortium had agreed to acquire a wireless tower operator in the United States, Global Tower Partners, from the Blackstone Group for $1.43 billion...
New York Times - July 3, 2007
Memo Pad
AIRLINES PROFITABLE AGAIN Domestic airlines were in the black in the first quarter of this year, the fourth consecutive profitable quarter and the first profitable January-to-March quarter since 2000, according to the Bureau of Transportation Statistics. The agency measured profit margins at the seven largest airlines in three categories: major network, low-cost and regional. Regional carriers posted the highest profit margins, 6.3 percent; the major network carriers were next at 2.5 percent and low-cost carriers posted 2.3 percent. Meanwhile, airline employment is also heading up. Domestic carriers employed 1.3 percent more workers in April than in April 2006. Network carriers employed nearly two-thirds of the total 409,600 domestic airline workers in April. By comparison, domestic airlines employed 448,200 workers in April 2003...
New York Times - July 3, 2007
Stocks & Bonds: Rally Starts Third Quarter As Treasury Yields Decline
The Dow Jones industrial average gained more than 120 points, lifted by a decline in Treasury yields, a rise in manufacturing activity and a spate of buyout news...
New York Times - July 3, 2007
World Business Briefing: Britain: Citigroup Building Sold
A British real estate group said it had agreed to buy the 42-story tower that houses Citigroup?s London headquarters for about $2 billion from the Royal Bank of Scotland Group...
New York Times - July 3, 2007
Advice on CBOT Merger
Proxy Governance said it had recommended that shareholders at CBOT Holdings approve a merger with Chicago Mercantile Exchange Holdings...
New York Times - July 3, 2007
Google Purchases Web Phone Service
Google said yesterday that it had bought GrandCentral Communications, acquiring a service that lets people use a single number for all their phones...
New York Times - July 3, 2007
Frequent Flier: Tales to Inspire the Expatriate Young
Children at International Schools overseas live out the raw material of a literature unique to them and to their experiences...
New York Times - July 3, 2007
Nursing Home Chain Sells for $4.9 Billion
Manor Care, the nursing home operator and long-term health care provider, said that it had agreed to be acquired by the Carlyle Group for $4.9 billion...
New York Times - July 3, 2007
Walgreen Has Deal to Buy Option Care
The $760.5 million purchase of the home health services provider continues Walgreen?s expansion of health-related offerings...
New York Times - July 3, 2007
Citigroup to Buy Electronic Stock Trader
The $680 million acquisition of Automated Trading Desk would expand Citigroup?s electronic stock trading capabilities...
New York Times - July 3, 2007
S.E.C. Sues 5 Ex-Executives in Veritas Software Fraud Case
The agency claimed that the defendants intentionally manipulated and distorted Veritas?s reported financial results...
New York Times - July 3, 2007
Schwab Plans Buyback and Dividend
The brokerage will buy back more than 100 million of its shares at up to $22.50 each, and will pay a one-time dividend...
New York Times - July 3, 2007
News Corp. Buys Two Weeklies, Expanding New York City Reach
The News Corporation, owner of The New York Post, bought two weekly newspapers in the Bronx, giving it a chain of neighborhood papers throughout New York City...
New York Times - July 3, 2007
Virginia Utility Sells Oil and Gas Operations
Dominion Resources said Monday that it planned to sell the properties to Linn Energy for $2.05 billion in order to focus on power generation and transmission...
New York Times - July 3, 2007
Russian Online Music Service Closes
AllofMP3.com, a Russian online music service accused of skirting copyright law, has shut down but may be back in business elsewhere, authorities said...
New York Times - July 3, 2007
Former Chief Executive of 7-Eleven Chosen to Lead Blockbuster
Blockbuster, the movie rental chain, named a former chief executive of 7-Eleven to succeed its chief executive, John F. Antioco, who is resigning...
New York Times - July 3, 2007
Virgin Media, British Cable Service, Gets Takeover Offer
Virgin Media, the British cable company whose largest investor is Richard Branson, said that it had received a takeover proposal...
New York Times - July 3, 2007
Factory Index Edges Higher Despite Costs
Activity at the nation?s factories, plants and utilities expanded modestly in June, while the prices of raw materials continued to rise...
New York Times - July 3, 2007
On The Road: Outrages Bubble Up, and Even Dampen the Aisle
Overflowing toilets and other horror stories illustrate that squeezed airlines leave not an inch of slack when something goes wrong...
New York Times - July 3, 2007
Trump Resorts Has No Suitors; Shares Fall 16%
Trump Entertainment Resorts said that it had been unable to find a buyer after a three-month search...
New York Times - July 3, 2007
In a Shift, Judge Demurs on Dismissing KPMG Case
The judge overseeing a faltering criminal tax shelter case indicated that he might not dismiss charges against indicted defendants from the accounting firm KPMG...
New York Times - July 3, 2007
In Rear-End Crash Test, Most Trucks Fail to Stop Neck Injury
No automaker got a passing grade on all its light trucks in a test administered by the Insurance Institute for Highway Safety...
New York Times - July 3, 2007
Australian Retailer Urges Acceptance of Buyout Offer
The Coles Group advised shareholders to accept a takeover bid from Wesfarmers after several private equity firms withdrew from what stands to be the biggest deal in the country?s corporate history...
New York Times - July 3, 2007
Advertising: Engaging at Any Speed? Commercials Put to Test
In new experiments for NBC, people are observed as they watch commercials in fast-forward mode...
New York Times - July 3, 2007
Happy Returns for Travel Agents
Many travel agents ? or travel specialists, as they are now known ? say they have seen an increase in business in the last year or so...
New York Times - July 3, 2007
Hedge Funds Continue Public Path
Och-Ziff Capital Management, a $26.8 billion hedge fund, filed for a $2 billion initial public offering on Monday...
New York Times - July 3, 2007
Predators Bilk Struggling Homeowners
The schemes take various forms and often involve promises to distressed homeowners of cash upfront...
New York Times - July 3, 2007
A Slippery, Writhing Trade Dispute
The Food and Drug Administration says Xulong and other Chinese companies will be restricted from selling certain types of seafood in the United States...
New York Times - July 3, 2007
Apple iPhone draws queue
The launch of the iPhone draws crowds of both geeks and hard-core queue-sitters to US Apple stores, says Laura Smith-Spark...
BBC News - July 3, 2007
US opera singer Sills dies at 78
One of America's best-known opera singers, soprano Beverly Sills, dies from lung cancer in New York...
BBC News - July 3, 2007
Colombia unions 'still in danger'
Colombia remains one of the most dangerous countries to belong to a trade union, Amnesty says...
BBC News - July 3, 2007
Brazil launches slum reform drive
Brazilian announces a major plan to improve conditions for people living in Rio's violence-hit slums...
BBC News - July 3, 2007
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