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 June 29, 2011 Afternoon Update |
 TOP NEWSObama Scolds G.O.P. Leaders for Not Acting Sooner on DebtBy MICHAEL D. SHEARPresident Obama in a news conference said he believed Republicans would accept more taxes to avoid default and voiced exasperation at the pace of negotiations between the administration and Congress leaders. Greek Parliament Approves Austerity PlanBy RACHEL DONADIO and NIKI KITSANTONISParliament voted in favor of an austerity plan required by the country's foreign lenders before it could receive additional funds. Syria Pulls Armed Forces Back From Some AreasBy ANTHONY SHADIDThe military's withdrawal from Hama has surprised even some activists and diplomats, who differ on whether the departure points to a government strategy or weakness. Bank of America to Set Aside $14 Billion in Mortgage DealBy NELSON D. SCHWARTZ and ERIC DASHThe charge, which will drive the company to a multibillion-dollar loss in the second quarter, is the biggest single settlement tied to the subprime mortgage boom. France Admits to Arming Libyan RebelsBy DAVID JOLLY and MAÏA DE LA BAUMEOpposition forces were provided with "assault rifles, machine guns and rocket-propelled grenades and launchers," according to Col. Thierry Burkhard, a spokesman for the French military. |
MultimediaOpinion |
BUSINESSDealBookNew Investment Strategy: Preparing for End TimesBy AZAM AHMEDIn return for small losses now, some funds offer to protect portfolios against events that are unlikely or unthinkable. Prescriptions BlogF.D.A. Again Rejects Avastin for Breast CancerBy ANDREW POLLACKAdvisers found that the drug was neither effective nor safe for treatment of metastatic breast cancer. DealBookLondon and Toronto Exchanges Call Off MergerBy IAN AUSTENThe exchange companies said that they believed they were unlikely to get the required two-thirds of TMX shareholders to approve their deal. Markets Rise on Optimism Over Greek VoteBy CHRISTINE HAUSER and MATTHEW SALTMARSHStocks rose both before and after the approval as investors registered confidence that Greece would pass austerity measures to win another installment of aid. Media Decoder BlogNews Corp. Sells MySpace to Specific Media for $35 MillionBy BRIAN STELTERMySpace, bought by the News Corporation six years ago for $580 million, has been sold to Specific Media for about $35 million, two executives with knowledge of the sale said Wednesday. |
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