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US News Archive for August 2007:
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Woman missing in bridge collapse turns up at work
One person missing in the Minneapolis, Minnesota, bridge collapse has been found alive and well at her workplace, the Hennepin County sheriff said Friday. The woman's car was found at the disaster site, but she was not. Investigators tracked her down Friday morning, Stanek said. full story...
CNN - August 3, 2007
Talks on eavesdropping upgrade deadlocked
The White House and Congress were deadlocked Friday and up against a deadline to expand the government's power to eavesdrop on suspected foreign terrorists. full story...
CNN - August 3, 2007
Estimate of Missing Is Lowered in Bridge Collapse
As few as eight people are still missing in Minneapolis, said officials, who also announced a fifth body had been found...
New York Times - August 3, 2007
The Caucus Blog: Clinton Will Do Q&A at Blog Event
Reversing course, Senator Hillary Rodham Clinton?s camp said she will attend an individual session at the YearlyKos convention...
New York Times - August 3, 2007
[TS] Talking Business: A Family?s Benign Neglect at Dow Jones
Some Bancrofts didn?t think that their family?s ownership of Dow Jones was ever going to be in the best interest of the company...
New York Times - August 3, 2007
As the Vision Fades, the Indignities Grow
Baby boomers are now groping for reading glasses to peruse menus in dim restaurants and to review the tiny instructions on medicine bottles...
New York Times - August 3, 2007
Stocks Fall Sharply Amid Credit Fears
The stock market tumbled on fears that ills in the mortgage and debt markets will take a wider toll...
New York Times - August 3, 2007
Marine sentenced over Iraq murder
A US marine is sentenced to 15 years in prison for the murder of an Iraqi civilian during a raid near Baghdad...
BBC News - August 3, 2007
Five confirmed killed in bridge collapse
The search for bodies in the Mississippi River was painstakingly slow as divers navigated debris and coped with low visibility after Wednesday's deadly bridge collapse, officials said. full story...
CNN - August 3, 2007
Millions flee 'worst ever' floods
Monsoon rains in South Asia have driven millions from their homes and caused what the United Nations says is the worst flooding in living memory. full story...
CNN - August 3, 2007
Bush to Congress: No recess till FISA upgrade
President Bush said Friday that Congress must stay in session until it approves legislation modernizing a U.S. law governing eavesdropping on foreigners. full story...
CNN - August 3, 2007
Bush Pushes for Surveillance Law
President Bush said today that Congress must stay in session until it approves new legislation...
New York Times - August 3, 2007
Women?s British Open: Wisdom Rules the Day at the British Open
Lorena Ochoa holds the lead at St. Andrews at 6-under par, but the L.P.G.A. veterans are using their experience and guile to make a competitive push...
New York Times - August 3, 2007
Survivor Recounts Terrifying Plunge
Thuy T. Vo was stopped in traffic when she heard a loud crack and saw the road in front of her collapsing...
New York Times - August 3, 2007
Court Rules Against F.B.I. in Raid on Lawmaker
An appellate tribunal ruled today that federal agents went too far when they searched the office of Rep. William Jefferson last year...
New York Times - August 3, 2007
Officials Lower Estimate of Missing in Bridge Collapse
As few as eight people are still missing, said officials, who also announced today that a fifth body had been pulled from the wreckage...
New York Times - August 3, 2007
The Lede Blog: Latest Updates
Laura Bush at the scene; an engineering firm will investigate the collapse; the redundancy issue...
New York Times - August 3, 2007
Washington Post Quarterly Profit Falls
The newspaper publisher said second-quarter net profit fell to $68.8 million, from $78.7 million a year ago...
New York Times - August 3, 2007
Weyerhaeuser Results Beat Expectations
The timber and forest products company said net income fell to $32 million, or 15 cents a share, from $298 million, or $1.19 a share, a year earlier...
New York Times - August 3, 2007
P&G Profit Rises 19 Percent
Procter & Gamble said net income for the fourth quarter rose to $2.27 billion, from $1.9 billion a year earlier, on sales growth and improved margins...
New York Times - August 3, 2007
Cerberus Completes Deal for Chrysler
Chrysler today became the only privately held Detroit automaker after the private equity firm Cerberus Capital Management completed its $7.4 billion purchase of a majority stake...
New York Times - August 3, 2007
Job Growth in July Is the Slowest in Months
The job market lost some of its punch in July as employers added 92,000 jobs ? the fewest number in five months...
New York Times - August 3, 2007
Cerberus buys Chrysler majority
DaimlerChrysler says it has completed a deal to sell a majority stake in its ailing US Chrysler arm to Cerberus Capital Management...
BBC News - August 3, 2007
US adds fewer jobs than expected
Employers in the US add 92,000 new jobs in July, the lowest rate of new jobs since February...
BBC News - August 3, 2007
Brazil police detain Cuban boxers
Police in a small Brazilian beach town detain two Cuban boxers who defected at last month's Rio Pan Am Games...
BBC News - August 3, 2007
Democrats head to blog gathering
Seven Democrat presidential candidates are to attend a political blogging convention in the US city of Chicago...
BBC News - August 3, 2007
States urged to inspect bridges
U.S. Transportation Secretary Mary Peters notified state transportation departments Thursday to immediately inspect all bridges of the same design as the one that collapsed Wednesday in Minnesota. full story...
CNN - August 3, 2007
Monsoon floods claim more than 160
Teeming monsoon rains have inundated wide swaths of northern India and neighboring Bangladesh, killing at least 166 people and washing away villages and farmland that 19 million people depend on, officials said Thursday. full story...
CNN - August 3, 2007
Kids' insurance plan has veto-proof support
The Senate passed legislation Thursday to add 3 million lower-income children to a popular health insurance program in bipartisan defiance of President Bush's threatened veto. full story...
CNN - August 3, 2007
Senate Passes Children?s Health Bill, 68-31
The majority was more than enough to overcome a veto repeatedly threatened by President Bush...
New York Times - August 3, 2007
Congress Is Getting Ready to Debate Energy Bill
Congress is set to debate an energy bill that could be a major leap toward the twin goals of reducing reliance on dirty-burning fossil fuels and slowing global warming...
New York Times - August 3, 2007
Stunned Victim Turns Hero in Busful of Children
A 20-year-old summer program gym coordinator played a key role in saving dozens of children from a trapped bus...
New York Times - August 3, 2007
At Bridge Site, Search of River Moves Slowly
Fierce currents and giant, unsteady shards of steel and concrete repeatedly halted rescue attempts for those reported missing and feared dead in Minneapolis...
New York Times - August 3, 2007
The Caucus Blog: The Democrats Meet the Bloggers
At the second annual YearlyKos convention, liberal bloggers are being courted by almost all the Democratic presidential candidates...
New York Times - August 3, 2007
In Increments, Senate Revisits Immigration Bill
Some of the less contentious pieces of an immigration bill that failed earlier this year are returning to life...
New York Times - August 3, 2007
Congress Backs Tighter Rules on Lobbying
An overwhelming majority of senators agreed to improve policing of the relationship between lawmakers and lobbyists...
New York Times - August 3, 2007
For Young Earners in Big City, a Gap in Women?s Favor
Young women in New York and several other U.S. cities who work full time now earn more than men...
New York Times - August 3, 2007
Sports Business: Yankees? YES Network Stake Not for Sale
The YES Network is not for sale, but it could be if a buyer is willing to pay at least $3 billion, nearly four times the value of the channel at its creation...
New York Times - August 3, 2007
The Churn: People in the News
Comings and goings in the banking world...
New York Times - August 3, 2007
Chet Currier, 62, A.P. Financial Journalist, Dies
Mr. Currier?s stock market and investing articles were fixtures in newspapers across the country...
New York Times - August 3, 2007
Starwood Tops Estimates
The parent company of Sheraton, Westin, St. Regis and other hotel chains saw a better-than-expected net income of $145 million in the second quarter...
New York Times - August 3, 2007
World Business Briefing: South Korea: U.S. Beef Is Blocked
South Korea halted imports of beef from the United States after a shipment from Cargill was found to contain a bone part banned as a precaution against mad cow disease...
New York Times - August 3, 2007
World Business Briefing: Italy: Insurer?s Income Tops Estimates
Assicurazioni Generali, Italy?s largest insurer, reported first-half profit that beat analysts? estimates and agreed to sell its Nuova Tirrena unit for 1.25 billion euros ($1.71 billion)...
New York Times - August 3, 2007
World Business Briefing: China: PC Maker?s Profit Surges
The Lenovo Group, the personal computer maker, reported a twelvefold increase in quarterly profit, beating market expectations...
New York Times - August 3, 2007
World Business Briefing: France: Phone Company?s Profit Rises
France Telecom reported first-half net profit was up 41 percent, with the group showing strength in its domestic business while pursuing rapid growth in emerging markets...
New York Times - August 3, 2007
Boston Scientific Reverses on a Sale
The company said that it had decided against selling a stake in its endosurgery group, which could have raised $1 billion in cash...
New York Times - August 3, 2007
Earnings and Unit Sale Bolster Kodak
Eastman Kodak reported higher-than-expected quarterly earnings as cost-cutting and a big gain from an asset sale offset lower sales of film, cameras and developing services...
New York Times - August 3, 2007
Nortel Loses $37 Million as Sales Falter
North America?s largest telecommunications equipment-maker lost $37 million in the second quarter due to declining sales to phone companies...
New York Times - August 3, 2007
Sales in Emerging Markets Help Nokia Add to Its Cellphone Lead
Nokia beat expectations and reinforced its position as the world?s top cellphone maker with an increase in market share and surging growth in emerging markets...
New York Times - August 3, 2007
Morgan Settles a Bias Suit
Morgan Stanley has agreed to settle a class-action lawsuit that accused it of unfair treatment of black and Latino employees in the retail brokerage division since 2002...
New York Times - August 3, 2007
European Banks Report Strong Second Quarters
Both Credit Suisse and Société Générale said growth from their investment banking units fueled strong second-quarter returns...
New York Times - August 3, 2007
Victims of Katrina Floods Lose an Insurance Appeal
A federal appeals court ruled that victims of Hurricane Katrina whose homes and businesses were destroyed by floodwaters cannot recover money from their insurance companies...
New York Times - August 3, 2007
$4.2 Billion Deal for Bank Concern
Fiserv Inc. will buy the online banking company CheckFree Corporation for $4.2 billion in cash, aiming to expand its reach to larger banks...
New York Times - August 3, 2007
Jobless Claims Rise but Reflect a Stable Economy
The number of people signing up for unemployment benefits rose modestly last week and demand for manufactured goods improved in June, but came in below expectations...
New York Times - August 3, 2007
Stocks & Bonds: For Second Day, Late Rebound for Shares
Stocks staged their second consecutive late-afternoon rally today, recovering even more losses from the sharp sell-off last week...
New York Times - August 3, 2007
[TS] High & Low Finance: Without Cash, Instant Profits Were No Help
Floyd Norris explores American Home Mortgage?s financial crisis...
New York Times - August 3, 2007
Unilever to Cut 20,000 Jobs
Unilever is preparing to reduce its work force 11 percent over the next four years to speed up a recovery program aimed at narrowing the gap with Procter & Gamble...
New York Times - August 3, 2007
Viacom Profit Down Despite Solid Revenue
The owner of MTV Networks, Paramount movie studios and Nickelodeon cable channels said its second quarter profit fell less than 1 percent...
New York Times - August 3, 2007
European Bank Signals September Rate Rise
The central bank?s president, Jean-Claude Trichet, also vowed to pay ?great attention? to volatile developments in global financial markets...
New York Times - August 3, 2007
Ford Moving Closer to Sale of Car Units
Ford is hoping to complete its sale of Land Rover and Jaguar by the end of the summer, and of Volvo by the end of the year...
New York Times - August 3, 2007
Insider: Hedge Funds Are Not Profiting From Market?s Current Volatility
With the recent crunch in the credit markets, it might seem that private equity firms are in a tight spot. But things may be even tougher for hedge funds...
New York Times - August 3, 2007
Ex-Wall St. Executives Go to Bat to Help Nonprofits
Two former Goldman Sachs partners are using Wall Street methods and know-how to help charities raise funds for expansion plans...
New York Times - August 3, 2007
Advertising: Gap Tries a Somewhat Old-Fashioned Campaign
This fall, Gap will eschew TV ads in favor of a print campaign featuring black-and-white portraits shot by Annie Leibovitz...
New York Times - August 3, 2007
Eye Infections From Solution Continuing to Harm Users
More than a quarter of people who suffered serious infections linked to the recalled Complete MoisturePlus lens cleaner have required corneal transplants...
New York Times - August 3, 2007
Growing Pains for a Yearly Tribute to Classic American Cars
Complaining of crowds and commercialization, some car owners are staying away from the ?Dream Cruise,? Detroit?s weeklong classic car festival...
New York Times - August 3, 2007
Big Law Firm Embracing Bankruptcy Practice
In hiring an outside partner, Cravath, Swaine & Moore, the tradition-bound New York law firm, is both eschewing its customs and entering a once embarrassing field...
New York Times - August 3, 2007
Tough Delay for Big Game by Take-Two
The video game maker said it would delay the release of Grand Theft Auto IV until the second quarter of 2008, likely impacting the entire industry...
New York Times - August 3, 2007
Feeling the Heat, Not Breathing Fire
China?s high-profile investment in the Blackstone Group has produced an unusual backlash within China as shares in the equity firm have dropped steeply since it went public in June...
New York Times - August 3, 2007
Is the Dance Over? Citigroup Is Upbeat
Citigroup?s C.E.O., Charles O. Prince III, having confronted one crisis after another in his four years leading the bank, thinks the recent Wall Street credit problems are just another bump in the road...
New York Times - August 3, 2007
American Home Mortgage Says It Will Close
American Home Mortgage said it would cease most operations on Friday, falling victim to the continuing problems in the mortgage industry...
New York Times - August 3, 2007
Toyota Builds on Streak of Record Earnings
Toyota today reported a 32 percent rise in quarterly profits and strong sales in the North American market...
New York Times - August 3, 2007
Smooth 'transition' in Cuba
Many wondered whether communism in Cuba could survive without Fidel Castro at the helm...
BBC News - August 3, 2007
Audio slideshow: Inside AP
...
BBC News - August 3, 2007
Boxing: Holyfield world title bid
Evander Holyfield is given the chance to challenge for a fifth world title at the age of 44...
BBC News - August 3, 2007
Puerto Rico seizes 'fake doctors'
Puerto Rican officials make a wave of arrests targeting doctors who they say are practising medicine illegally...
BBC News - August 3, 2007
Oil price 'threatens US economy'
Sustained oil prices close to $80 a barrel could hit US economic growth, Energy Secretary Sam Bodman says...
BBC News - August 3, 2007
US Senate tightens lobbying rules
The US Senate votes for a bill to tighten rules on lobbying in what Democrats hail as a landmark measure...
BBC News - August 3, 2007
US mortgage lender closing down
American Home Mortgage Investment Corp announces plans to close most of its operations...
BBC News - August 3, 2007
Murder conviction for US student
A high school student is found guilty of murdering his head teacher in the US state of Wisconsin...
BBC News - August 3, 2007
Uribe offers Colombia talks zone
Colombian President Alvaro Uribe offers Farc rebels a temporary safe peace talks zone if they free hostages...
BBC News - August 3, 2007
Insurers win Katrina court case
Insurers win a court case about whether they are liable to pay for flood damage in New Orleans...
BBC News - August 3, 2007
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