Home Depot Says It Awarded Options Below Market Prices
Date: 17 June 2006
By Bloomberg News
Bloomberg News
By Bloomberg News.
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16th of June 2006 News
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News Summary
Date: 17 June 2006
INTERNATIONAL A3-8 Pentagon Finds Abuse In Old Iraq Interrogations American Special Operations troops employed a set of harsh, unauthorized interrogation techniques against detainees in Iraq during a four-month period in early 2004, long after approval for their use was rescinded, according to a Pentagon inquiry. A1 The House approved a resolution promising ''completion of the mission'' in Iraq, in a vote reflecting partisan divisions over the war. A7 Two G.I.'s were missing and one was killed after they came under attack at a traffic point southwest of Baghdad, an area with one of the most extensive strongholds of Al Qaeda in Iraq, the military said. A7 Iran Scrutinizing Incentive Plan Iran's president, Mahmoud Ahmadinejad, said his country was ''carefully considering'' an international proposal to resolve the dispute over its uranium enrichment program. A5 No Verdict in China Trial The closed trial of a researcher for The New York Times accused of disclosing state secrets and fraud ended in Beijing but a verdict may not come for a month. A3 North Korea Works on Missile North Korea appears to have stepped up preparations to test an intercontinental ballistic missile, perhaps as early as this weekend, American officials said. A8 Rebels to Join Nepalese State Maoist rebels agreed to join Nepal's new government under an accord that obliges both politicians and rebels to give up key pillars of power, in a statement issued by the Maoist leader and the interim prime minister after a meeting. A5 Palestinian Aid Plan Gains Favor The Bush administration said it would go along with a European proposal to transfer funds through the World Bank to pay stipends to poor Palestinians, some of whom had previously drawn salaries from the Palestinian government. A4 NATIONAL A9-11 As Oil Rises in Markets, Rigs Rise in Mississippi The high price of oil, hovering around $70 a barrel, has brought a nearly dormant Mississippi petroleum industry roaring to life. Wells abandoned long ago by the major oil companies are being reopened by independent operators. A9 U.S. Still Far From Prepared States and cities in hurricane zones generally have better plans to deal with disaster than do other regions, but the nation's overall level of preparedness is still far from sufficient, a new report by the Department of Homeland Security says. A10 A Memorial for Columbine Construction of a long-delayed and scaled-down memorial to the victims of the Columbine High School shootings began with a ground-breaking ceremony and a speech by former President Bill Clinton commemorating the incident. A10 Report on Death of Journalist Firefighters, ambulance technicians, police officers and the staff at a Washington hospital committed ''multiple individual failures'' in responding to the ultimately fatal beating of a journalist last January, an official inquiry concluded. A9 Democrats Unveil Platform Democratic leaders in Congress announced the platform they hope to use to regain the majority in November, including promises to raise the minimum wage, make college tuition tax deductible, negotiate lower drug prices for the prescription plan passed last year, and eliminate subsidies for oil and gas companies. A11 Constitutional Showdown A showdown between Congress and the Bush administration moved into federal court, as a judge peppered lawyers about the legal and historic significance of the F.B.I.'s search for evidence of bribery at the legislative offices of Representative William J. Jefferson, Democrat of Louisiana. A11 NEW YORK/REGION B1-5 After Years in the Hudson, The Intrepid to Get Repairs The Intrepid, a World War II-era aircraft carrier that has served as a military museum and has been docked on the West Side of Manhattan for almost 25 years, will be dragged down the Hudson River to a dry dock sometime in the next several months to be patched up and repainted, its owners have told some government officials. A1 Charges in Cliffside Suicide Victor K. Han, whose stepped out of the family minivan before his wife drove it off a cliff in Bear Mountain State Park, killing herself, has been charged with promoting a suicide attempt, the police said. B1 Drop in 5th Graders' Scores More than 8,900 New York City fifth graders are in danger of being left back as a result of failing scores on annual reading and math tests, city education officials said, a sharp contrast with last year's results. B1 Religion Journal B5 ARTS B7-17 Dan Rather Exiting CBS Having stepped down as anchor of the ''CBS Evening News'' last year, Dan Rather's contract with CBS, and ''60 Minutes,'' is not scheduled to expire until late November. But he said he and the network were close to an agreement that would end his tenure early, and that he was seriously considering other opportunities. A1 Ancient Tomb Unveiled Hoping for leniency in a coming trial, an accused tomb robber led Italian officials two weeks ago to a startling discovery on a sun-scorched hilltop less than 13 miles north of Rome: the oldest Etruscan burial chamber ever found. B7 BUSINESS DAY C1-9 Restrictions at Wikipedia Wikipedia, the online encyclopedia that ''anyone can edit,'' is not the experiment in freewheeling, collective creativity that it might seem to be. In response to well-publicized reports that certain articles are being vandalized, administrators are now protecting some entries. A1 Microsoft Faces Challenges Microsoft stands astride the computing world much as I.B.M. once did, but now its task is to avoid repeating I.B.M.'s mistakes. Microsoft's revenues have never been higher, but it has yet to profit from the array of businesses that it has entered beyond those it has already dominated. C1 G.E.'s New Appliances As a result of its commanding position in the major appliance market, General Electric has a new line of products aimed at customers far more concerned with gadgets and style than utilitarian function. C1 Business Digest C2 EDITORIAL A12-13 Editorials: A problem that can't be ignored; where did the good investments go?; keeping the faith with AmeriCorps; the art of the deal. Columns: John Tierney. Bridge B11 Crossword B16 Obituaries C10 TV Listings B17 Weather B18
Oracle Exceeds Forecasts
Date: 16 June 2006
By Bloomberg News
Bloomberg News
Oracle Corporation reports fourth-quarter profit and revenue exceeded forecasts due to rising sales of database licenses; sales rose 25 percent, to $4.85 billion in period that ended May 31 (S)
Asbestos Claims to Be Settled
Date: 16 June 2006
By Bloomberg News
Bloomberg News
Asbestos Claims to Be Settled.
Senate Judiciary Committee Approves Flag-Burning Measure
Date: 16 June 2006
By Bloomberg News
Bloomberg News
The Senate Judiciary Committee approved a constitutional amendment that would empower Congress to outlaw flag burning. The measure has already been approved by a two-thirds majority in the House. To become part of the Constitution, it must be passed by the same margin in the Senate and ratified by 38 state legislatures. In 1989, the Supreme Court voted 5 to 4 to strike a Texas law that barred flag burning, ruling that the law restricted freedom of expression guaranteed by the Constitution. Supporters argued yesterday that the proposed amendment would restore the power of Congress -- rather than unelected judges -- to decide the flag-burning issue.
Oracle Exceeds Forecasts
Date: 16 June 2006
By Bloomberg News
Bloomberg News
The Oracle Corporation said that fourth-quarter profit and revenue exceeded forecasts on rising sales of database licenses.
Heinz Plans Campaign Against Shareholder
Date: 16 June 2006
By Bloomberg News
Bloomberg News
Heinz Plans Campaign Against Shareholder.
Home Depot Says It Awarded Options Below Market Prices
Date: 17 June 2006
By Bloomberg News
Bloomberg News
Home Depot Inc says it awarded stock options to some executives at below market prices, making it largest company to disclose possible irregularities; disclosure comes after internal investigation of compensation practices; Michaels Stores receives grand jury subpoena requesting documents relating to stock options from 1996 to present; at least 50 companies face federal or internal investigations for backdating or timing option grants to coincide with dates when prices where low (M)
Senate Judiciary Committee Approves Flag-Burning Measure
Date: 16 June 2006
By Bloomberg News
Bloomberg News
The Senate Judiciary Committee approved a constitutional amendment that would empower Congress to outlaw flag burning.
BUSINESS BRIEFS
Date: 17 June 2006
By Bloomberg News
Bloomberg News
DELAY IN ENRON SENTENCING -- A federal judge has delayed the sentencing of the former Enron executives Kenneth L. Lay, left, and Jeffrey K. Skilling until October to give their lawyers more time to prepare arguments for leniency. Judge Simeon T. Lake of Federal District Court in Houston agreed to push the sentencing back to Oct. 23 because of a scheduling conflict, a defense lawyer, Daniel Petrocelli, said.
News Summary
Date: 16 June 2006
INTERNATIONAL A3-14 Congress Debates Setting Deadline to Leave Iraq The House and the Senate engaged in angry, intensely partisan debate over the war in Iraq as Republicans sought to rally support for the Bush administration's policies and exploit Democratic divisions in an election year shadowed by unease over the war. A1 American military officers released a photograph and details of the man they say succeeded Abu Musab al-Zarqawi as the leader of Al Qaeda in Mesopotamia after Mr. Zarqawi was killed in an airstrike last week. A1 Nations Urge Talks in Somalia The United States joined five other countries in calling for negotiations between Somalia's government in exile and the Islamists who have seized control in Mogadishu and swaths of southern Somalia. A6 Afghan Bus Bomb Kills Eight A bomb exploded on a bus taking workers to the United States military air base at Kandahar in Afghanistan, killing 8 people and wounding at least 16 others, officials said. A10 Britain Offers Taylor a Prison Britain said that the former Liberian president, Charles Taylor, may serve his sentence in a British prison if he is convicted at his coming war crimes trial in The Hague. A14 U.N. Extends Hariri Probe As the United Nations Security Council voted to extend the investigation into the assassination of Rafik Hariri, Syrian officials expressed a sense that Syria was no longer in imminent danger of being charged with the crime. A6 NATIONAL A18-28 Election Year Focus Shifts To Suburbs vs. Exurbs In searching for any advantage in this year's hard-fought Congressional elections, the two parties are fighting with increased intensity in the suburbs and exurbs. A24 Limits to Improper Entry Rule The Supreme Court ruled that evidence found by police officers who enter a home to execute a search warrant without first following the requirement to ''knock and announce'' can be used at trial despite that constitutional violation. A28 Catholics to Reword Prayers Roman Catholic bishops voted to change the wording of many of the prayers and blessings that Catholics have recited at daily Mass for more than 35 years. A18 Conjoined Twins Separated Ten-month-old conjoined twins became two for the first time when doctors in Los Angeles made the final incision in a long and complicated operation to separate them. A21 Miami Schools Ban Cuba Book A children's book about Cuba will be removed from Miami-Dade County school libraries because a parent said it contains deceptive information and paints an idealistic picture of life in Cuba. A24 SCIENCE/HEALTH New Bird Fossils Uncovered Scientists have dug up fossils of a bird that lived 110 million years ago and looked remarkably like a small modern-day waterfowl. A18 NEW YORK/REGION B1-7 Scarcer Housing in City For Middle-Income Families The number of apartments in New York City considered affordable to hundreds of thousands of moderate-income households plunged by nearly a fifth from 2002 to 2005, according to a report by researchers at New York University. A1 City Help for Day Laborers A panel is examining whether New York City should subsidize job centers for day laborers, most of whom are immigrants, to give them links to prospective employers and curb wage and workplace abuses. B1 New Front in Wiretap Battle The New Jersey attorney general has issued subpoenas to five telephone companies to decide whether they violated the state's laws by providing records to the National Security Agency. Experts say it is the first legal challenge by a state to the agency's efforts to compile calling records to track terrorist activities. B1 SPORTSFRIDAY D1-8 Miami Evens Finals The Heat defeated Dallas 98-74 in Game 4 of the N.B.A. finals. Dwyane Wade scored 36 points for Miami to even the series 2-2, in the best-of-seven final. D3 OBITUARIES C11 Craig Morris An archaeologist who helped transform modern knowledge of the Inca civilization, he was 66. C11 BUSINESS DAY C1-10 Bill Gates Charts New Role Three decades after he started Microsoft with the dream of placing a personal computer in every home and business, Bill Gates said that he would leave his day-to-day role there in two years, and he will shift his energies to the Bill and Melinda Gates Foundation. A1 Business Digest C2 EDITORIAL A30-31 Editorials: The don't-bother-to-knock rule; islands apart; young, bored and heading for Parliament; politics begins at home. Columns: Paul Krugman, Thomas L. Friedman. Crossword E35 TV Listings E27 Weather B8