July 20, 2001

Australia's Woodside Petroleum Ltd says sales in second quarter rose 9.7 percent; revenue increased to 552.3 million Australian dollars ($283.3 million), from 503.5 million Australian dollars ($259 million) year earlier (S)

Colin Montgomerie leads after first round of British Open golf tournament; photo (M)

President of New York City School Construction Authority Milo E Riverso says members of Board of Education had data available that would allow them to track authority's progress in building new schools and should not have been surprised to learn of shortfall in capital budget; testifies at hearing that cost of completing some projects is running 10 times original estimates; Schools Chancellor Harold Levy told Council members that board failed to amend capital plans to account for rising costs and shifting prioritites, apparently in violation of state law; photo (M)

Hostels, bed-and-breakfasts and guesthouses have opened in revitalized Harlem, catering to backpackers, professionals and artists in New York for work or tourists seeking to immerse themselves in Harlem's history and culture; bulk of guests are European; boutique hotel signs lease for property, and two hotel chains have expressed interest; there is some trepidation about effect on economy; photo (M)

Hynix Semiconductor says it had pretax loss of $976 million for second quarter, compared with pretax loss of $360 million in first quarter; also reports operating loss of $203 million in second quarter after posting profit of $52 million in first quarter; photo (S)