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 July 22, 2011 Afternoon Update |
 TOP NEWSBlasts and Gun Attack in Norway; 7 DeadBy ELISA MALA and J. DAVID GOODMANThe explosions, apparently bomb attacks, shook central Oslo on Friday, blowing out the windows of several government buildings. Shortly after the blasts, a man opened fire on a youth political meeting 25 miles from Oslo. Senate Rejects House Budget Plan; Obama Calls for DealBy CARL HULSE and HELENE COOPERThe Senate on Friday voted along party lines against the proposal to cut spending and raise the debt limit. President Obama pressed for compromise during a town hall meeting. Debt Ceiling Uncertainty Puts States at RiskBy MICHAEL COOPERStates that rely on the federal government for assistance with Medicaid, unemployment and highway construction may be faced with tough choices if there is no agreement on the debt ceiling. News AnalysisE.C.B. May Be Winner in Debt TalksBy JACK EWINGJean-Claude Trichet appeared to have gotten governments to reclaim the task of preventing collapse of the Greek economy, as well as wider responsibility for fiscal performance of the euro area. Murdoch Testimony on Hacking Comes Under New ScrutinyBy JO BECKER and DON VAN NATTA Jr.Prime Minister David Cameron said that James Murdoch still had "questions to answer," and a lawmaker called for an inquiry after his testimony was contradicted. |
MultimediaOpinion |
BUSINESSEconomix BlogEconomist Q.&A. on Europe's Debt AccordBy ECONOMIX EDITORSSimon Johnson, Carmen M. Reinhart and Laura D'Andrea Tyson answer questions on the move to help Greece and save the euro. G.E. Profit Exceeds ForecastBy STEVE LOHRThe second-quarter results from General Electric are seen as evidence of an improving outlook overall for major industrial companies. IPhone Bolsters Verizon ResultsBy JENNA WORTHAMNet income and revenue surpassed analysts' expectations in the second quarter, helped by new iPhone 4 subscriptions. Court Rules Against S.E.C. on Proxy MaterialsBy EDWARD WYATTThe ruling was the third time in six years that a court threw out a new S.E.C. rule because the agency failed to adequately assess its economic effects. Dow Retreats on U.S. Debt UncertaintyBy CHRISTINE HAUSERShares were mixed after Thursday's big lift from the European debt deal. |
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