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US News Archive for May 2007:
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Neighbors offer Iraq support
Iraq and its neighbors on Friday issued a declaration aimed at rallying support for the Shiite-led government of Iraqi Prime Minister Nuri al-Maliki from long-reluctant Sunni Arab countries...
CNN - May 4, 2007
Without Bush or Reagan, what's next for GOP?
Underlying all the questions about abortion, taxes and war during Thursday night's GOP debate was a simple question: What's next for the Republican Party? The answer is not so easy. The party of Ronald Reagan is now without him. And even some Reaganites say back to the future is more wishful thinking than game plan...
CNN - May 4, 2007
Reuters Approached About a Takeover
The approach, which is said to have come from Thomson Communications, came just three days after the News Corporation made a $5 billion offer for Dow Jones...
New York Times - May 4, 2007
Golf: Wachovia leaderboard
Leading scores from the first round in North Carolina...
BBC News - May 4, 2007
Tennis: Venus Williams loses
Svetlana Kuznetsova comes from a set down to defeat Venus Williams at the J&S Cup in Warsaw...
BBC News - May 4, 2007
US Iraq troops 'condone torture'
More than a third of US troops in Iraq condone torture in some circumstances, a US survey finds...
BBC News - May 4, 2007
Shining Path leader to wed lover
The leader of Peru's Shining Path rebel group will marry his second-in-command in a prison wedding...
BBC News - May 4, 2007
Iran, U.S. make evasive maneuvers
Iraq and its neighbors issued a declaration aimed at rallying support for the Shiite-led government of Iraqi Prime Minister Nuri al-Maliki from long-reluctant Sunni Arab countries...
CNN - May 4, 2007
Queen tours Jamestown with the Cheneys
The horse-drawn carriage was more ornate this time around -- and security was a lot heavier -- but Queen Elizabeth II's ride through Colonial Williamsburg was reminiscent of one she took 50 years ago. Next up: A tour of Jamestown with Dick and Lynne Cheney...
CNN - May 4, 2007
GOP debaters dismiss pullout but critical of war
The field of candidates in the first Republican debate was largely dismissive of Democratic calls for pulling troops out of Iraq, but there was criticism of the war's execution...
CNN - May 4, 2007
Israel Wary of U.S. Proposals on Palestinians
Israeli officials say that some of the American ideas, a set of modest goals to improve relations between Israel and the Palestinians, are unlikely to be implemented...
New York Times - May 4, 2007
China Now Testing Food for Chemicals
SHANGHAI, May 4 ? Responding to the sweeping recalls of pet food in the United States and to worries about contamination in its own food supply, China said today that it has begun nationwide inspections to determine whether wheat gluten is being contaminated with chemicals, according to the state-controlled Xinhua News Agency...
New York Times - May 4, 2007
Tiago Tries to Match Champion Sibling
Just two years after Giacomo?s surprise victory in the 2005 Kentucky Derby, his little brother Tiago is taking aim at horse racing?s most coveted prize...
New York Times - May 4, 2007
Reuters Approached About a Takeover
Thomson Corporation of Canada made ?a preliminary approach.? Shares of Reuters jumped 26 percent...
New York Times - May 4, 2007
Jobs Report Is Weaker Than Expected
Businesses added the fewest positions in more than two years, and the jobless rate edged up to 4.5 percent...
New York Times - May 4, 2007
US job creation at two-year low
The US economy added just 88,000 new jobs in April, the weakest rise in more than two years, official figures show...
BBC News - May 4, 2007
Kenya gets US anti-terror funds
The US announces new funding to Kenyan security forces to counter "terrorist activities" in the region...
BBC News - May 4, 2007
Haiti migrants in boat disaster
At least 20 Haitian migrants are feared dead as their boat capsizes in the West Indies, the US coastguard says...
BBC News - May 4, 2007
Climate disaster deal struck
Delegates approved the world's first roadmap for stemming mounting greenhouse gas emissions Friday, laying out an arsenal of anti-warming measures that must be rushed into place to avert a disastrous spike in global temperatures...
CNN - May 4, 2007
Deal reached on climate change
International delegates agreed Friday that the world has the technology and money to limit catastrophic global warming, but that it must act now to reduce the harmful effects of greenhouse gas emissions...
CNN - May 4, 2007
Giuliani bucks GOP field on abortion
Front-runner Rudy Giuliani broke with the other nine Republicans in the party's first debate of the presidential campaign, saying that it would be OK if the Supreme Court upheld Roe vs. Wade...
CNN - May 4, 2007
Warriors 111, Mavericks 86: 8th-Seeded Warriors Stun Mavericks
Golden State became the first No. 8 seed to beat a No. 1 seed in an N.B.A. seven-game series, dismissing Dallas in Game 6 on Thursday night...
New York Times - May 4, 2007
Seeing No Progress, Some Schools Drop Laptops
A handful of schools are abandoning one-to-one computing programs as educationally empty ? and worse...
New York Times - May 4, 2007
?08 Republicans Differ on Defining Party?s Future
The candidates offered contrasts on an array of social issues in a debate that highlighted a party in flux...
New York Times - May 4, 2007
Banker on insider trading charges
An banker at Credit Suisse in New York has been charged with insider trading offences that netted more than $7.5m...
BBC News - May 4, 2007
Wolfowitz blames bank rules
World Bank President Paul Wolfowitz blames "unclear" bank rules for the scandal over his girlfriend's pay...
BBC News - May 4, 2007
Queen sees historic US settlement
The Queen and the Duke of Edinburgh are due to visit the site of the USA's first permanent English colony...
BBC News - May 4, 2007
US issues Mid-East security plan
The US issues a detailed plan to Israel and the Palestinians for improving security and easing limits on movement...
BBC News - May 4, 2007
U.S.: Bombs built into Iraq 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 4, 2007
Her Majesty visits Virginia
Britain's Queen Elizabeth II and her husband, Prince Philip, rode in style into Colonial Williamsburg after speaking to the Virginia General Assembly in Richmond. She also met with victims of the Virginia Tech massacre...
CNN - May 4, 2007
Giuliani bucks GOP field on Roe v. Wade
Alone among 10 Republican presidential contenders, Rudy Giuliani said in campaign debate Thursday night "it would be OK" if the Supreme Court were to uphold a 1973 abortion rights ruling...
CNN - May 4, 2007
Deal reached on climate report
International delegates reached an agreement early Friday on the best ways to combat climate change despite efforts by China to water down language on cutting destructive greenhouse gas emissions...
CNN - May 4, 2007
Plan for Arabic School in Brooklyn Arouses Protests
Plans to open a public school dedicated to the study of the Arabic culture have become a test of tolerance...
New York Times - May 4, 2007
Some Schools Drop Laptop Programs
Officials saw little impact on student achievement because of the laptop programs...
New York Times - May 4, 2007
Gene Identified as Risk Factor for Heart Ills
Scientists hope a test for the variant will enable physicians to assess patients at risk more accurately...
New York Times - May 4, 2007
Republican Candidates Differ in Defining Party
The Republican candidates first debate was an occasionally vibrant competition to define the party?s ideology and agenda in a post-Bush era...
New York Times - May 4, 2007
Walter M. Schirra Jr., an Original Astronaut, Dies at 84
He was one of the original Mercury Seven astronauts and the only astronaut to fly in all three of NASA?s earliest manned space programs...
New York Times - May 4, 2007
Seeking an Edge, Florida Changes Its Primary Date
Officials in other states said Florida?s move would only create more chaos around the nominating process...
New York Times - May 4, 2007
Clinton Proposes Vote to Reverse Authorizing War
Senator Hillary Rodham Clinton?s proposal sharpens her own political positioning by confronting the White House...
New York Times - May 4, 2007
World Business Briefing: Canada: A Smaller Loss for Nortel
Nortel Networks reported a smaller first-quarter loss as sales rose and the company booked an accounting gain related to a shareholder lawsuit. Nortel, which makes telephone equipment, said it lost $103 million, or 23 cents a share, in the three months ended March 31. That was better than the loss of $171 million, or 39 cents a share, in the period a year earlier. The company said its net loss in the quarter included a $54 million gain related to an adjustment to the share portion of a class-action settlement with its investors...
New York Times - May 4, 2007
World Business Briefing: Canada: Court Rejects Wal-Mart
The Supreme Court of Canada rejected an appeal from Wal-Mart Canada over efforts to unionize another store in Quebec. As is always the case, the high court offered no reasons for its decision. The court?s move appears to open the way for the automatic certification of a store in Gatineau, a city across a river from Ottawa. ?We?re disappointed but not surprised, because the Supreme Court rarely hears cases like this,? said Yanik Deschênes, a spokesman for Wal-Mart. Wal-Mart wanted a court order requiring that Quebec?s labor board conduct a secret ballot of employees. The United Food and Commercial Workers has asked for automatic certification under Quebec law based on the number of union membership cards it signed at the outlet...
New York Times - May 4, 2007
World Business Briefing: Belgium: Small Step in News Search Dispute
Belgian French-language newspapers were back on Google after agreeing that the search engine can link to their Web sites, the first signs of a thaw in a copyright dispute. But neither has so far settled a major part of the dispute: the use of newspaper article links on Google News. In February, Google lost a lawsuit filed by the newspapers, forcing it to remove headlines and links to news articles posted on its Google News service and stored in its search engine?s cache without the copyright owners? permission. In a joint statement, Google and the newspapers? copyright group Copiepresse said they had decided that Google could once again list the newspapers on the search engine...
New York Times - May 4, 2007
World Business Briefing: The Netherlands: Unilever Profit Up
Unilever, which owns brands like Knorr soup, Dove soap and Ben & Jerry?s ice cream, reported an increase of just 1 percent in first-quarter profit, but underlying growth beat expectations. The company said net profit increased to 1.1 billion euros ($1.46 billion), from 1.06 billion euros a year earlier. Sales climbed 2.1 percent, to 3.54 billion euros ($4.82 billion). Underlying sales, excluding acquired or discontinued businesses and factoring out currency fluctuations, advanced 5.7 percent, beating the company?s target of 5 percent growth. Patrick Cescau, the chief executive, above, said that the company faced ?significant headwind from rising agricultural commodity costs,? which might require price increases. But he said he was confident that the combined benefit of internal growth and improved efficiency would put the company in a good position to reach its objectives for 2007...
New York Times - May 4, 2007
World Business Briefing: Canada: Rival Bid for Mine Company
Norilsk Nickel of Russia bid 5.3 billion Canadian dollars ($4.8 billion) for the nickel and gold producer LionOre Mining International, topping an earlier bid of 4.6 billion Canadian dollars ($4.1 billion) made by Xstrata of Switzerland. Norilsk said its bid was 21.50 Canadian dollars a share, all in cash, higher than Xstrata?s bid of 18.50 Canadian dollars. Analysts said they expected Xstrata, based in Zug, Switzerland, to respond with a new bid. LionOre, based in Toronto, has operations in Australia, Botswana and South Africa. Norilsk, based in Moscow, is one of the world?s largest producers of nickel and palladium...
New York Times - May 4, 2007
World Business Briefing: Britain: Bid for Hanson Considered
HeidelbergCement, the biggest concrete maker in Germany, said it might bid for Hanson, the world?s largest supplier of crushed rock, setting off a 20 percent gain in Hanson?s stock price. ?HeidelbergCement is currently reviewing its options with respect to its interest in Hanson, including the possibility of seeking to acquire the company,? HeidelbergCement said. Acquiring Hanson would increase HeidelbergCement?s revenue by more than two-thirds, add operations in Australia and bolster its range of products like crushed rock, concrete pipes and bricks...
New York Times - May 4, 2007
World Business Briefing: Europe: Limits on Cellphone Charges Advance
Negotiators for the European Parliament, the European Commission and the European Union?s telecommunications ministers agreed to a compromise that could limit mobile phone roaming charges for 450 million European consumers by the end of the summer. The agreement would cap roaming charges at 0.45 euro a minute for outgoing calls, 0.20 euro for incoming and 0.29 for wholesale, excluding value-added taxes...
New York Times - May 4, 2007
Stocks & Bonds: S.& P. Above 1,500, Approaching Record
The Standard & Poor?s 500-stock index closed above 1,500 for the first time since September 2000...
New York Times - May 4, 2007
Profit Climbs 5.7% at Shell Despite Falling Oil Prices
Royal Dutch Shell said that its first-quarter earnings rose 5.7 percent, despite falling oil prices and declining profit at its production and refining arms...
New York Times - May 4, 2007
Profit at Paper Maker
International Paper posted a better-than-expected first-quarter profit as pricing for its products improved...
New York Times - May 4, 2007
Starbucks Profit Rose 18% in 2nd Quarter
Starbucks said Thursday that its fiscal second-quarter profits jumped 18 percent as the company opened 560 new stores in an aggressive global expansion...
New York Times - May 4, 2007
E.D.S. Says Profit Was Sharply Higher
Electronic Data Systems, the technology services company, reported a sharply higher quarterly profit as revenue from contracts increased...
New York Times - May 4, 2007
Swedish Steel Maker Acquiring Canadian Supplier of Oil Pipes
Ipsco, a leading Canadian supplier of steel pipes to the oil and gas industry, agreed to be acquired by a Swedish steel maker, SSAB Svenskt Stal, for $7.7 billion in cash...
New York Times - May 4, 2007
Cablevision Posts Narrower Loss in Quarter
The Cablevision Systems Corporation, which has agreed to be taken private by its controlling shareholders, reported slower first-quarter subscriber growth...
New York Times - May 4, 2007
CBS Says Its Earnings Fell 6% but Still Topped Expectations
CBS said that quarterly earnings fell about 6 percent but revenue still beat expectations with help from its publishing division, Simon & Schuster...
New York Times - May 4, 2007
Clear Channel Board Rejects Sweetened Offer From Bidder
Clear Channel Communications, the nation?s largest radio broadcaster, said last night that its board had rejected a revised offer by two equity firms that had agreed to buy the company, but are now trying to keep the deal from falling through...
New York Times - May 4, 2007
Vonage Is Dealt Setback in Patent Case
A federal appeals court has denied a request by the Internet phone company Vonage Holdings that it order a retrial in the patent infringement case brought against it by Verizon Communications...
New York Times - May 4, 2007
G.M. Turnaround Gains Little Traction
DETROIT, May 3 ? General Motors has placed all of its bets on its pickup trucks, which are strong enough to pull thousands of pounds through the mud, but from the looks of G.M.?s first quarter, are unable to pull the automaker out of its financial downturn...
New York Times - May 4, 2007
UBS Closing Hedge Fund; Losses Cited on Mortgages
After turning UBS?s investment bank into one of the elite on Wall Street, John P. Costas gave up the chief executive?s post to run a hedge fund for the company...
New York Times - May 4, 2007
Rosneft Buys Yukos Assets, Including Its Oil Refineries
Rosneft, the Russian state oil company, acquired 37 subsidiaries of the bankrupt Yukos oil company at an auction on Thursday...
New York Times - May 4, 2007
Biogen Reports No New Cases of Deadly Infection From MS Drug
No new cases of a serious brain infection have been reported among patients a multiple sclerosis drug since the government allowed it back onto the market...
New York Times - May 4, 2007
British Bankers Dwell in a Strange Houston Limbo With a Trial at the End
Three British men are awaiting trial in Houston this fall on charges stemming from the collapse of Enron...
New York Times - May 4, 2007
Wolfowitz Rebuts Critics Over Tempest at World Bank
Paul D. Wolfowitz said that he had helped arrange a generous pay and promotion package for his companion as ?a settlement of her potential claims? if she sued for being relocated against her will...
New York Times - May 4, 2007
Verizon Vote on Pay Levels to Be Decided in a Recount
The results of the recount will be available within two weeks, a company spokesman said...
New York Times - May 4, 2007
The Times Names Clark Hoyt as New Public Editor
Clark Hoyt, a Pulitzer Prize-winning reporter and editor, was the Washington editor at Knight Ridder from 1999 until the company was sold last year...
New York Times - May 4, 2007
Insider: Big Names, Big Wallets, Big Cause
Even in charity, the titans of hedge funds and private equity do nothing small...
New York Times - May 4, 2007
Banker Jailed in Trading on 9 Deals
The banker is charged with illegally leaking confidential information on nine deals, including the $45 billion buyout of the Texas energy giant TXU...
New York Times - May 4, 2007
For New Chief, BP?s Problems Range From Rusted Pipes to a Tarnished Image
Tony Hayward, the newly named chief executive of BP, faces the critical task of fixing a company with a broken image and damaged morale...
New York Times - May 4, 2007
When Pennies Fail to Pay the Bill, a Bronx Man Pushes for Change
A Chinese food restaurant became a news story after a man said he was refused service when he tried to pay for his order with some pennies...
New York Times - May 4, 2007
Murdoch on Owning the Wall Street Journal
Rupert Murdoch shared his opinions on The Wall Street Journal and on the family that owns the company...
New York Times - May 4, 2007
Wal-Mart Discloses Some Compensation Details
Wal-Mart Stores disclosed for the first time its annual contributions to workers? retirement accounts, profit sharing program and stock purchase plan...
New York Times - May 4, 2007
Advertising: Next Venture From Stewart: Costco Food
The long, fastidious reach of Martha Stewart Living Omnimedia now extends to perhaps the riskiest industry of all: groceries...
New York Times - May 4, 2007
Senators Seek to Provide Aid on Mortgages
Three Democratic senators introduced a bill that would require brokers and lenders to act in the interest of borrowers...
New York Times - May 4, 2007
Lawyer Says Imus to Sue CBS, Accusing It of Breaking Contract
The lawyer for the ousted radio host Don Imus said that he would file a $40 million lawsuit against CBS next week, accusing it of breach of contract...
New York Times - May 4, 2007
U.S. Investigators Visiting Pet Food Makers
Investigators are visiting food and pet food makers that use vegetable protein concentrates imported from China to make sure that the additives are not contaminated...
New York Times - May 4, 2007
Strong Reports Lift Economy and Ease Inflation Concerns
The services sector expanded at a faster pace than expected in April and productivity in the first quarter improved more than forecast...
New York Times - May 4, 2007
Ex-Governor Denies Approval of Payments to Conrad Black
The payments, worth millions of dollars, are at the heart of a racketeering and fraud case against the media mogul Conrad M. Black...
New York Times - May 4, 2007
[TS] High & Low Finance: Should S.E.C. Act Against Lawyers?
If you are going to commit fraud, you may need a good lawyer. In some cases, you have to have a lawyer to pull off the fraud at all...
New York Times - May 4, 2007
Court Blocks Sale of an ABN Amro Unit
The sale of LaSalle Bank, a longtime Chicago institution that has suddenly become a pivotal prize in the world?s largest banking takeover battle, was blocked by a Dutch court on Thursday...
New York Times - May 4, 2007
Mexico City to teach Aztec tongue
An ancient Aztec language will be taught in Mexico City in an attempt to recapture the city's indigenous roots...
BBC News - May 4, 2007
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