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 July 15, 2011 Afternoon Update |
 TOP NEWSBrooks Quits and Murdoch Apologizes to Slain Girl's KinBy JOHN F. BURNS and ALAN COWELLRupert Murdoch apologized to the family of a murdered girl whose voice mail was hacked by a tabloid as Rebekah Brooks resigned as chief executive of his British newspaper operations. U.S. Recognizes Rebels in LibyaBy SEBNEM ARSU and STEVEN ERLANGERThe move allows the United States to fund the opposition with some of the assets frozen in American banks. Obama Reiterates Call for Broad Plan to Cut DeficitBy MICHAEL D. SHEARPresident Obama on Friday continued to push for a grand bargain that would deal with the nation's long-term debt problems. House Votes to Block Funds for Light Bulb StandardsBy SEAN COLLINS WALSHAfter losing a bid to repeal efficiency standards earlier this week, Republicans eliminated funding to enforce the regulations. The 6th Floor BlogLong Story Shortlist: Rockets, Robots and ArethaBy THE STAFFFor the second week running, we've collected the best long-form journalism in the Times. A new shortlist will be posted every Friday afternoon on The 6th Floor blog, as well as on our Longreads page. If you follow #Longreads on Twitter, you'll be able to find our picks that way, too. |
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BUSINESSEuropean Banks Urged to Bolster Reserves Following Stress TestsBy JULIA WERDIGIER AND JACK EWINGEight banks failed and an additional 16 barely passed the much-anticipated stress tests, which measured whether they would be able to survive economic shocks. DealBookCitigroup Beats Forecast Despite Sluggish EconomyBy ERIC DASHAfter two and half years of clawing itself back from the brink, Citigroup said that earnings rose 24 percent. As Gulf Tourism Rebounds, BP Seeks to Lower PaymentsBy CAMPBELL ROBERTSONBP says the formula used to determine compensation for businesses hurt in last year's spill is too generous. Your MoneyWhat the New Consumer Bureau Thinks of Your IdeasBy RON LIEBERThe Consumer Financial Protection Bureau has been soliciting ideas from the public, and the public has responded with an explosion of ideas, four of which seem to have real potential. DealBookDealBook Portraits: Elizabeth WarrenBy BEN PROTESS and MAC WILLIAM BISHOPElizabeth Warren, tasked with setting up the Consumer Financial Protection Bureau, recently sat down with DealBook to discuss the attacks on the bureau, the delay in naming its director, and her dog Otis. |
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