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 May 11, 2011 Afternoon Update |
 TOP NEWSDealBookGalleon Fund Chief Guilty of Fraud and ConspiracyBy PETER LATTMAN and AZAM AHMEDRaj Rajaratnam, the billionaire chief of the Galleon Group hedge fund, is the most prominent figure convicted in the government crackdown on Wall Street insider trading. DealBook | AnalysisProsecutors Hope for Deterrent EffectBy PETER LATTMAN and AZAM AHMEDThe use of hardball tactics has gotten Wall Street's attention, but whether it will permanently change the culture is debatable. Syrians Report Shelling of City and Mass ArrestsBy ANTHONY SHADIDAt least 10,000 protesters have been detained in the past several days, and a residential neighborhood in Homs was shelled again on Wednesday, activists said. Libyan Rebels Seize Control of Misurata's AirportBy C.J. CHIVERSTaking control of the airport in Libya's third-largest city was one of the most major rebel victories in the conflict. Catholic Professors Criticize Boehner in LetterBy LAURIE GOODSTEINThe budget that John A. Boehner shepherded through the House would hurt the vulnerable, the letter says. |
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BUSINESSChina's Economy Slows SlightlyBy KEITH BRADSHERPolicy makers must decide how much more currency appreciation the surging export industry can withstand. Japan Ponders Its New NormalBy HIROKO TABUCHIJapan knows that the status quo, such as it was, is gone. It is now looking to what kind of economy it wants to cultivate for the future. Bits BlogGoogle's Chrome Laptops on Sale in JuneBy CLAIRE CAIN MILLERGoogle introduced its long-awaited Chromebooks, along with hardware and software subscriptions for businesses and schools. Merkel Signals Her Support for Italian to Lead E.C.B.By STEPHEN CASTLE and JACK EWINGChancellor Angela Merkel said in a newspaper interview that Mario Draghi embodies German ideas about economic stability. DealBookA.I.G. Outlines Share Sale PlanBy DEALBOOKThe American International Group and the Treasury Department will sell roughly 300 million shares, in the insurer's latest step toward regaining its independence from the government. |
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