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 August 15, 2011 Afternoon Update |
 TOP NEWSDealBookGoogle to Buy Motorola Mobility for $12.5 BillionBy EVELYN M. RUSLI and CLAIRE CAIN MILLERThe $12.5 billion offer - by far Google's largest acquisition - represents a premium of 63 percent to the closing price of Motorola Mobility shares on Friday. Motorola is a Google Android partner. Wave of Attacks in Iraq Leaves at Least 68 DeadBy MICHAEL S. SCHMIDT and YASIR GHAZIInsurgents used suicide bombers, car bombs and gunmen to attack civilians and Iraqi security forces, killing at least 68 and wounding more than 300. Low Rates May Do Little to Entice Nervous ConsumersBy MOTOKO RICH and TARA SIEGEL BERNARDLow interest rates, which usually persuade consumers to spend, are not working this time for reasons including anxiety over jobs and tighter lending standards. Bits BlogAnonymous to BART: We Hack. We Organize, TooBy JOSHUA BRUSTEINAnonymous, which has become known for audacious online attacks, is planning a physical demonstration against Bay Area Rapid Transit. The Lede BlogTunisian Protesters Watch Mubarak Trial With EnvyBy J. DAVID GOODMANTunisians who had hoped for a public trial of their former leader, watch jealously as Egypt's former president, Hosni Mubarak, lays flat on a gurney in the corner cage of a Cairo courtroom. |
MultimediaOpinion |
BUSINESSIn Texas, Perry Has Ridden an Energy BoomBy CLIFFORD KRAUSSSome economists and skeptics of Gov. Rick Perry of Texas said the flourishing oil and gas industry - not his political leadership - had kept the state afloat. U.S. Stocks Extend Gains in Late Trading, Led by Financial and Energy SharesBy CHRISTINE HAUSERAcquisitions fueled optimism, and major indexes gained more than 1 percent as volatility and volume declined. DealBookBank of America Sells Canadian Credit Card BusinessBy BEN PROTESSThe bank is shifting its focus to credit cards in the United States while still struggling with the hefty losses in its troubled mortgage division. A Gold Rush Beckons in the Australian OutbackBy MATT SIEGELIn Australia, more and more people are giving up lucrative day jobs in the city to start prospecting for gold in the countryside. DealBookFormer FrontPoint Manager Pleads Guilty to Insider TradingBy AZAM AHMEDJoseph Skowron admitted that he had avoided $30 million in losses by trading on tips leaked by a consultant for an expert network about the results of a clinical drug trial. |
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