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 July 7, 2011 Afternoon Update |
 TOP NEWSMurdoch to Close Tabloid Amid Fury Over HackingBy SARAH LYALL and BRIAN STELTERThe News of the World, the tabloid at the center of the British phone hacking scandal, is to be closed after a final edition on Sunday, James Murdoch said. At the Paper: Shock, Anger and a Retreat to the PubBy RAVI SOMAIYAThere was shock among employees at the News of the World offices as it became clear that the newspaper would be shuttered and their jobs were at best uncertain. Woman Rises to Top in Male Tabloid CultureBy SARAH LYALL and JO BECKERRebekah Brooks, the chief executive of News International, Rupert Murdoch's British newspaper subsidiary, has used a winning combination of charm, effrontery, audacity and tenacity to thrive. Obama Calls Debt Talks Constructive, but Big Gaps RemainBy MARK LANDLER and CARL HULSEPresident Obama said on Thursday that the two sides, "still far apart on a wide range of issues," would meet again on Sunday. FiveThirtyEightVoter Trends Drive G.O.P. Budget StanceBy NATE SILVERRepublicans are reliant on the enthusiasm of conservative voters. |
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BUSINESSEuropean Central Bank Raises Rates as ExpectedBy JACK EWING and JULIA WERDIGIERThe bank is continuing to nudge the cost of money back to pre-crisis levels, despite heightened fears about Greek debt. Data Point to Growth in Jobs in JuneBy CHRISTINE HAUSERA day ahead of the government's monthly unemployment report, surveys of jobless benefit claims and new-job creation give economists some reason for optimism. Stocks Gain on Potential Jobs ImprovementBy THE ASSOCIATED PRESSThe Dow Jones industrial average advanced after two reports signaled optimism on the jobs front before Friday's release of unemployment data for June. Retailers Beat Expectations for JuneBy STEPHANIE CLIFFORDConsumers were spending well, despite gas prices, the economy and the weather, analysts said. DealBookOne Vote Down, One to Go for N.Y.S.E. and Deutsche Borse MergerBy MICHAEL J. DE LA MERCEDNYSE Euronext shareholders approved the deal with Deutsche Borse. But the German exchange operator must still wait for its investors to tender their shares. |
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