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Articles Posted by Bayou City

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  • Quick-thinking NCOs rescue soldiers from burning tank

    03/28/2003 4:41:20 PM PST · by Bayou City · 51 replies · 323+ views
    Army Times ^ | March 28, 2003 | By Sean D. Naylor
    <p>CENTRAL IRAQ — For a few long, terrifying minutes, Pfc. Adam Small faced every armor soldier’s nightmare: the prospect of burning to death while trapped in his own disabled tank.</p> <p>He was saved, like so many soldiers before him, by a couple of squared-away, quick-thinking NCOs.</p>
  • 4th Infantry Division due to arrive in Kuwait ‘within days’

    03/26/2003 8:36:21 PM PST · by Bayou City · 50 replies · 240+ views
    ArmyTimes ^ | March 26, 2003 | Vince Crawley
    <p>4th Infantry Division due to arrive in Kuwait ‘within days’</p> <p>Leading elements of the Army’s 4th Infantry Division are set to begin arriving in Kuwait “within days,” when troops could swiftly pick up battle vehicles at ports and head north to join the fight, a defense official said Wednesday.</p>
  • Britain has never been a nation to hide at the back'(full text of Tony Blair's television address)

    03/20/2003 9:06:41 PM PST · by Bayou City · 12 replies · 175+ views
    The Guardian ^ | Friday March 21, 2003
    'Britain has never been a nation to hide at the back'This is the full text of Tony Blair's recorded television address Friday March 21, 2003The Guardian"On Tuesday night I gave the order for British forces to take part in military action in Iraq. "Tonight, British servicemen and women are engaged from air, land and sea. Their mission: to remove Saddam Hussein from power, and disarm Iraq of its weapons of mass destruction. "I know this course of action has produced deep divisions of opinion in our country. But I know also the British people will now be united in sending...
  • Bomb scare forces evacuation and street closures in downtown Houston

    11/14/2002 12:38:10 PM PST · by Bayou City · 35 replies · 4+ views
    Bomb scare forces evacuation and street closures in downtown ABC13 Eyewitness News(11/14/02) — A bomb scare is resulting in some closed streets in downtown Houston.Houston firefighters have closed streets in a five-block area around Louisiana at Dallas. It's right across from the Hyatt Downtown. There are reports of two suspicious devices found in the building directly across the street from the downtown Hyatt. That is 1201 Louisiana, also known as Louisiana Place. The fire department reports that there was a suspicious device found in a garbage can outside the second floor elevator lobby in that building. A pipe-like canister device...
  • Why is this man smiling?

    10/29/2002 3:46:20 PM PST · by Bayou City · 12 replies · 472+ views
    Pittsburgh Tribune-Review ^ | Sunday, October 27, 2002
    <p>Why is this man smiling?</p> <p>This may be one for the Guinness Book of World Records as the highest number of violent deaths caused by an election. Two weeks ago, when a socialist and a conservative vied with one another for the premiership of Jamaica, 80 people were killed. On Election Day, gangs of hoodlums seized ballot boxes at gunpoint and spirited them away.</p>
  • Stock fraud sting operation could be tip of iceberg

    08/16/2002 9:07:11 PM PDT · by Bayou City · 31 replies · 1,018+ views
    Yahoo/Reuters Company News ^ | Friday August 16, 7:46 pm Eastern Time | By Toni Clarke
    Friday August 16, 7:46 pm Eastern TimeReuters Company NewsStock fraud sting operation could be tip of icebergBy Toni Clarke NEW YORK, Aug 16 (Reuters) - A two-year federal sting operation led to a mass indictment this week of 58 stockbrokers and corporate executives on charges of stock fraud and money-laundering. It's just the tip of the iceberg, lawyers say. One of the most prominent figures caught in what investigators call the "Bermuda Short" operation was Mark Valentine, the suspended chairman of Canadian brokerage Thomson Kernaghan & Co. Ltd., according to FBI officials. The arrest of Valentine, who was detained in...
  • THE CLINTON DEAL THAT KILLED MCI

    07/02/2002 9:02:55 PM PDT · by Bayou City · 33 replies · 286+ views
    Ether Zone ^ | July 8, 2002 | Dave Franklin
    THE CLINTON DEAL THAT KILLED MCIEXCESSES OF THE 1990'S COMES FULL CIRCLEBy: Dave FranklinWhen Ronald Reagan's deregulation of the phone companies broke up "Ma-Bell", it was MCI that not only brought real competition to the long distance market but also helped establish what America depends on as modern telecommunications.  Today, having been raided by WorldCom in 1998, that major center of innovation and competition has fallen apart along with an economy it supported. In the 1970s and early 80s, long distance phone calls were an expense that average Americans tried to avoid.  So much so that middle class telephone...
  • Adelphia is filing for Chapter 11

    06/25/2002 8:35:23 PM PDT · by Bayou City · 5 replies · 242+ views
    MSNBC ^ | June 25, 2002 | By Deborah Solomon
    Adelphia is filing for Chapter 11 By Deborah Solomon THE WALL STREET JOURNAL NEW YORK, June 25 — Adelphia Communications Corp. is in the process of filing for bankruptcy court protection in New York, according to people familiar with situation. The company has secured $1.5 billion in debtor-in-possession financing. THE BANKRUPTCY FILING, which had been expected for about a week, was preceded late last week by a deal that gave Adelphia financing of as much as $1.5 billion to allow it to continue operating. The lender banks, which include J.P. Morgan Chase & Co., Citigroup Inc. and Bank of America...
  • Police: Investigation Complete In Enron Exec's Suicide

    04/23/2002 5:00:32 PM PDT · by Bayou City · 1 replies · 186+ views
    Police: Investigation Complete In Enron Exec's Suicide SUGAR LAND, Texas, 1:52 p.m. CDT April 23, 2002 - The Sugar Land Police Department announced Tuesday that it has completed the investigation into an Enron Corp. executive's suicide that occurred on Jan. 25 and is closing the case. The department said that it conducted a thorough investigation into John Clifford Baxter's death, and with the completion of tests by independent agencies, the case is closed as a suicide. "We have conducted an independent, thorough and complete investigation of this case that meets all accepted police investigative practices and are ready to...
  • Tell the Good News. Then Cash In.

    04/07/2002 10:02:10 PM PDT · by Bayou City · 1 replies · 307+ views
    The New York Times ^ | April 7, 2002 | By DAVID LEONHARDT
    April 7, 2002 Tell the Good News. Then Cash In. By DAVID LEONHARDT he profits were an illusion. The multimillion-dollar rewards for executives were real. Over the last few years, executives at some companies released inaccurate earnings statements and, before correcting them, sold large amounts of stock at inflated prices. At others, executives insisted for months that the recent recession would not much affect their businesses. By the time they acknowledged their error, some had sold millions of shares at prices that were just a memory. It happened at major technology companies like Oracle and Sun Microsystems (news/quote). It...
  • Life and death in Palestine

    04/05/2002 4:06:45 PM PST · by Bayou City · 3 replies
    Daily Star Lebanon ^ | Fri 5 Apr 2002 | Stephanie Saldana
    Lebanese news Life and death in PalestineThe Electronic Intifada publishes daily accounts of Israeli siegeStephanie SaldanaDaily Star staffWhen Israeli authorities declared Ramallah a closed military zone early this week, the army decreed that the media would also be banned from the city. What they failed to recognize is that the media is no longer limited to those with press passes. In the age of the internet, anyone can become a journalist. On April 1, a man who signed his name as Ashraf sat down at his computer and began to write his own version of history. “The worst thing...
  • Global Crossing loses exclusivity

    04/01/2002 8:56:09 PM PST · by Bayou City · 4 replies · 146+ views
    CNN/Money ^ | April 1, 2002
    <p>Global Crossing loses exclusivity Bankrupt telecom company loses exclusive contract with SWIFT financial services network.</p> <p>NEW YORK (CNN/Money) - Global Crossing and SWIFT, the bank-owned fund-transfer system, have ended their exclusive contract, Global Crossing said Monday.</p> <p>The bankrupt telecommunications company said a new, non-exclusive agreement, which is subject to certain approvals, would probably be signed later on Monday.</p>
  • Pulling the wool over our eyes

    03/30/2002 11:16:59 PM PST · by Bayou City · 4 replies · 79+ views
    Irish Independent ^ | Sunday March 31st 2002 | Ruth Dudley Edwards
    Pulling the wool over our eyes 'CYNICAL AND RUTHLESS': Bill and Hillary Clinton Sunday March 31st 2002 Ruth Dudley Edwards casts a caustic eye on the Clintons I HAD just finished gagging on reports of Senator Hillary Clinton's visit to Ireland when an American friend sent me an article on Bill which calmed me a little. Ireland and Irish-America might be suckers for the Clinton package of celebrity and cynicism, but in the US, many people now recognise the charming fraud and his ruthless wife for what they are. Why does it not churn the Irish stomach that Senator...
  • Global Crossing Execs to Testify

    03/17/2002 8:22:10 PM PST · by Bayou City · 7 replies · 104+ views
    NY Times ^ | March 17, 2002
    March 17, 2002 Global Crossing Execs to Testify By THE ASSOCIATED PRESS Filed at 9:35 p.m. ETMADISON, N.J. (AP) -- Global Crossing Ltd. (news/quote)'s chief executive and chief financial officer will testify before the House of Representatives this week about how the company's bankruptcy has affected workers, investors, and financial markets.Chief executive John Legere and CFO Dan Cohrs are scheduled to appear Thursday before the Committee on Financial Service's Subcommittee on Oversight and Investigations, the company said Sunday.In letters to Legere and Cohrs, Rep. Sue Kelly, R-N.Y., said the hearing would ``examine the effects of the Global Crossing bankruptcy on...
  • Buyout Firm May Join Lineup of Suitors for Global Crossing

    03/15/2002 9:48:02 PM PST · by Bayou City · 13 replies · 21+ views
    THE NEW YORK TIMES ^ | March 9, 2002
    March 9, 2002 Buyout Firm May Join Lineup of Suitors for Global Crossing By THE NEW YORK TIMES he Texas Pacific Group, a private investment partnership, is considering a bid for Global Crossing Ltd. (news/quote), the fiber optic cable company that filed for Chapter 11 bankruptcy protection in January, a person close to Texas Pacific said yesterday. Texas Pacific, which is led by David Bonderman, James G. Coulter and William S. Price, is best known for turning around Continental Airlines (news/quote) and Oxford Health Plans (news/quote). It also owns stakes in Ducati Motor and Del Monte Foods (news/quote). Last month,...
  • House Panel to Seek Global Crossing Documents

    03/08/2002 2:09:32 PM PST · by Bayou City · 13 replies · 372+ views
    NY Times ^ | March 8, 2002
    March 8, 2002 House Panel to Seek Global Crossing Documents By REUTERS Filed at 4:31 p.m. ET WASHINGTON (Reuters) - The U.S. House Energy and Commerce Committee plans to seek a wide range of documents from bankrupt Global Crossing Ltd., which filed for bankruptcy and is being probed for alleged accounting improprieties, a panel spokesman said on Friday. The committee plans to seek the documents from the company in a letter to be sent on Monday, said Ken Johnson, a spokesman for the panel, which is delving into the company. He declined to provide further details. The company declined to ...
  • Global Crossing Head Under Scrutiny

    03/05/2002 6:44:36 PM PST · by Bayou City · 47 replies · 665+ views
    NY Times ^ | March 4, 2002
    March 4, 2002 Global Crossing Head Under Scrutiny By THE ASSOCIATED PRESS Filed at 5:33 p.m. ET LOS ANGELES (AP) -- John D. Rockefeller took 25 years to make his first billion. Gary Winnick needed only 18 months. Yet nearly five years after he took bold steps to create the world's most advanced fiber optic network, Winnick is at the center of a spectacular implosion of shareholder wealth. The descent of Global Crossing Ltd. (news/quote), of which Winnick was founder and chairman, was just as precipitous as the ride up. Losing almost $50 billion in market capital, on Jan. 28 ...
  • The Rise and Fall of Global Dreams

    03/03/2002 3:46:10 PM PST · by Bayou City · 22 replies · 193+ views
    NY Times ^ | March 3, 2002 | By SIMON ROMERO and GERALDINE FABRIKANT
    March 3, 2002 The Rise and Fall of Global Dreams By SIMON ROMERO and GERALDINE FABRIKANT ARY WINNICK knew it was a dinner fit for a king when one showed up. Constantine of Greece was among the 240 luminaries who dined on tournedos of Aberdeen Angus that November evening in 1999 at Claridge's Hotel in London. The elaborate event, paid for by Global Crossing, the communications company founded by Mr. Winnick, included a stirring speech on the role of a late-20th-century superpower by William S. Cohen, then the United States secretary of defense, who had flown 16 hours from Chile ...
  • Several Strands Seem to Twist Around Global and Investors

    03/01/2002 10:09:25 AM PST · by Bayou City · 22 replies · 100+ views
    NY Times ^ | February 27, 2002 | By SIMON ROMERO and GERALDINE FABRIKANT
    February 27, 2002 Several Strands Seem to Twist Around Global and Investors By SIMON ROMERO and GERALDINE FABRIKANT he financial relationship between a group of Singapore investors and two Global Crossing directors became more extensive in the days after Global Crossing filed for bankruptcy protection. The relationship of the directors with the Singapore investors, whose full scope has not been previously disclosed, is significant because the investors have links to Singapore Technologies Telemedia, which has made an offer to buy Global Crossing. Separately, Global Crossing delayed reporting its full financial results yesterday because it said its auditor, Arthur Andersen, had ...
  • NYSE Suspends Trading of Asia Global Crossing

    02/28/2002 7:53:44 AM PST · by Bayou City · 7 replies · 44+ views
    SmartMoney ^ | February 28, 2002
    February 28, 2002 NEW YORK -(Dow Jones)- Asia Global Crossing Ltd. (AX) faces possible delisting from the New York Stock Exchange after the Big Board suspended trading the company's stock, following a recent disclosure of ongoing liquidity problems and restructuring issues. In a press release Thursday, the exchange said it also suspended trading because the Hamilton, Bermuda-based company's Class A stock was trading at an "abnormally low selling price." The stock last changed hands at 36 cents a share. In a press release late Tuesday evening, the Asian unit of troubled fiber-optic carrier Global Crossing Ltd. (GBLXQ) said it ...