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 July 27, 2011 Afternoon Update |
 TOP NEWSBoehner Issues Blunt Warning to Dissenters to Back PlanBy JENNIFER STEINHAUER and CARL HULSEThe House speaker moved to shore up support on Wednesday as both parties fine-tuned their debt-ceiling proposals after Congress's budget office released reports on the plans. Debt Impasse Fuels Gloomy TradingBy THE ASSOCIATED PRESSStocks were weighed down by worries that the United States could default on its debt or see its credit rating cut. Credit Agency Tells Congress a Default Is UnlikelyBy EDWARD WYATTOfficials from the two largest rating agencies told a House panel that the American credit rating could be lowered. FiveThirtyEightIt's All Over But the Face-Saving?By NATE SILVERThe negotiations and discussions about the proposals on cutting the deficit and raising the debt ceiling looks to be mostly a matter of face-saving. Norway Killings Shift Debate on Islam in EuropeBy NICHOLAS KULISHPolitical leaders fear such tragedies could drive changes in public opinion as far-right parties react. |
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BUSINESSGreek and Cyprus Credit Ratings Cut in Latest E.U. DowngradeBy JULIA WERDIGIERGreece's rating, already in junk territory, was cut further by Standard & Poor's, while Moody's Investor Service cut the rating for Cyprus. British Police Say They Arrested Hacker Group MemberBy SOMINI SENGUPTAThe police announced the arrest of a 19-year-old man who they said was the spokesman of the group Lulz Security, which has claimed responsibility for a string of hacking attacks. G.M. C.E.O. Squelches Opel RumorsBy NICK BUNKLEYDaniel F. Akerson, the chief executive, appeared to put to rest recent speculation about a possible sale of the European unit. DealBookSweet Debut for Dunkin' BrandsBy DEALBOOKThe owner of Dunkin' Donuts, which priced its offering at $19, opened at $25 in a robust trading debut. Affluent Buyers Reviving Market for Miami HomesBy DAVID STREITFELDIn a market that many expected to be depressed for a decade, there are plans of building even more high-rise condominiums. |
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