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 June 22, 2011 Afternoon Update |
 TOP NEWSObama Opts for Faster Afghan PulloutBy HELENE COOPER and MARK LANDLERPresident Obama plans to announce Wednesday that he will order 10,000 troops to pull out of Afghanistan this year, and another 20,000 troops by the end of next summer. House Opens New Challenge to Obama Over Libya MissionBy CHARLIE SAVAGERepublican leaders unveiled two resolutions meant to address the tensions over President Obama's authority to continue the military mission in Libya.
As Economy Slowly Recovers, Fed Says It Has Done EnoughBy BINYAMIN APPELBAUMThe Federal Reserve said Wednesday that it would complete the planned purchase of $600 billion in Treasury securities next week as scheduled. 8 Bahrain Activists Get Life SentencesBy LARA EL GIBALY and DAVID JOLLYThe activists, most of them leaders of the majority Shiite community, were convicted of conspiring to overthrow the government during protests. Dissident Chinese Artist Is ReleasedBy EDWARD WONGThe state news agency reported the release of Ai Weiwei, whose prosecution had become a focal point of criticism of China's human rights record. |
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BUSINESSDealBookMorgan Keegan Settles Mortgage Securities Case and Is Put on the BlockBy PETER LATTMANThe brokerage firm will pay $200 million to resolve allegations that it and two of its executives defrauded investors by inflating the value of mortgage-backed securities. Contracts Cloud Who Has Exposure in Greek CrisisBy LOUISE STORYRegulators worry that derivatives that insure against a default may have dangerously concentrated the risks. Greece's New Finance Minister Faces Daunting TaskBy LANDON THOMAS Jr.The Socialist party heavyweight Evangelos Venizelos is responsible for persuading skittish investors that Greece can reform its economy and make good on its debts. DealBookHedge Funds Face New Reporting RequirementsBy BEN PROTESSThe S.E.C. approved rules imposing sweeping requirements on large hedge funds and other private investment advisers, but delayed the effective date for nearly nine months. High-Speed Rail Poised to Transform ChinaBy KEITH BRADSHERBeyond controversies and cost concerns, high-speed trains are reducing hurdles posed by China's size, bringing benefits in tow and posing challenges for the country's competitors. |
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