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 July 13, 2011 Afternoon Update |
 TOP NEWSIn Retreat, Murdoch Drops TV TakeoverBy JOHN F. BURNS AND ALAN COWELLRupert Murdoch's News Corporation announced on Wednesday that it was withdrawing a $12 billion bid, hours after members of Britain's Parliament had urged him to do so in a rancorous session. The Lede BlogLatest Updates on British Phone-Hacking ScandalBy ROBERT MACKEYOn Wednesday, The Lede is following developments in the phone hacking scandal in Britain. DealBookBSkyB Move Might Not End the Pain for News Corp.By MICHAEL J. DE LA MERCEDThe media giant may still have to take further action, like spinning off its troubled British newspaper unit. McConnell Warns of Risk to Party, and Country, of DefaultBy JACKIE CALMESThe Senate Republican leader predicted that his party would be punished if they did not allow the debt ceiling to be raised. Irish Report Finds Abuse Persisting in Catholic ChurchBy RACHEL DONADIO and NICHOLAS KULISHThe government released a scathing new report saying that the church was still covering up abuse by priests as recently as 2009. |
MultimediaOpinion |
BUSINESSDealBookUnearthing Exotic Provisions Buried in Dodd-FrankBy BEN PROTESSAimed at changing how Wall Street does business, the Dodd-Frank Act is also peppered with little-known items on issues like so-called conflict minerals and mining safety - the pet concerns of lawmakers. Bernanke Says Fed Would Consider New Stimulus EffortBy BINYAMIN APPELBAUMBen S. Bernanke said on Wednesday that the Federal Reserve is reconsidering its decision to refrain from new stimulus measures. AdvertisingFor Luxury Automakers, a New Marketing Frontier: GolfBy JACK EWINGMercedes-Benz's sponsorship of the British Open, which begins on Thursday, is part of a stepped-up effort to reach affluent consumers. European Leaders Delay Summit Meeting Over GreeceBy STEPHEN CASTLE AND JACK EWINGScrambling to contain the euro zone debt crisis, European leaders put off a meeting in order to bridge differences over private investors' role in a second Greek bailout. E.U. Proposes Overhaul of Fisheries PolicyBy DAVID JOLLYCritics said the plan does not address the most pressing issue: too many boats chasing too few fish. |
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