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 August 18, 2011 Afternoon Update |
 TOP NEWSAnxiety About the Economy Sends Stocks Down SharplyBy CHRISTINE HAUSERStocks on Wall Street declined steeply Thursday, following Asia and Europe, amid new signs that the debt crisis in Europe was affecting the financial sector and the economy. Obama Calls for Syrian President to Step DownBy STEVEN LEE MYERSPresident Obama for the first time on Thursday explicitly called for Bashar al-Assad to leave office, and European leaders followed him with a joint statement. U.S. Inquiry Is Said to Focus on S.&P. RatingsBy LOUISE STORYThe Justice Department is investigating whether Standard & Poor's rated mortgage securities improperly leading up to the financial crisis. Bucks BlogMortgage Rates Hit 50-Year LowBy ANN CARRNSThe 30-year fixed-rate mortgage reached a 50-year low this week of 4.15 percent, before points. The CaucusPerry Parries Hecklers in PortsmouthBy ASHLEY PARKERGov. Rick Perry of Texas took his popovers with a side of hecklers Thursday morning, when he stopped into a cafe in New Hampshire to greet voters. |
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BUSINESSFears Grow in Europe That Banks Need CashBy JACK EWINGConcerns about the banking system rose after a report that an unnamed bank turned to the European Central Bank for a $500 million loan. Greece Bailout Faces New ObstacleBy STEPHEN CASTLEDemands for collateral by several euro zone nations could complicate negotiations on the Greek aid package. H.P. Plans Big Shift Toward Business CustomersBy VERNE G. KOPYTOFFHewlett-Packard said it may spin off its personal computer business and will stop making its TouchPad tablet and webOS phones. Strong Yen Is a Two-Edged Sword for JapanBy HIROKO TABUCHIWhile finance officials meet to calm jittery markets, the currency has bolstered the country's purchasing power overseas, as shown by Asahi's $1.3 billion purchase of a New Zealand company. New Hacking Arrest: Hollywood Reporter for British TabloidBy SARAH LYALLThe British police arrested James Desborough, the Hollywood reporter for the defunct News of the World tabloid, on Thursday, bringing the number of arrests in the phone hacking case to 13. |
Video: Stocks Tumble
Statements on Syria
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