TOP NEWS By CHRISTINE HAUSER Stocks fluctuated wildly after the announcement by the Fed, first shedding the day's gains, then rising sharply as the market headed toward its close. By BINYAMIN APPELBAUM In an announcement awaited by investors, the Federal Reserve said the risk of a downturn had increased and job creation would likely be slow. The Lede Blog By THE NEW YORK TIMES Oil prices slipped back after rising earlier; markets react to the announcement by the Federal Reserve. By RAPHAEL MINDER Three months after the approval of a bailout for Portugal, officials fear the country's recovery efforts could be undercut by the debt crisis in Europe and a global economic slowdown. By JACK EWING AND RAPHAEL MINDER After succeeding in pushing down the interest rates on Spanish and Italian government debt, the European Central Bank still needs to convince investors that it has the stamina to withstand turmoil. |
Multimedia The Federal Reserve says it will hold interest rates; Britain deploys 10,000 more police officers as rioting widens; and Tim Pawlenty woos evangelical Christian voters in Iowa. Opinion Opinionator | Disunion A new map changed the way Northerners saw the Civil War. |
BUSINESS By KEITH BRADSHER Rising prices could make it harder for China to cut interest rates or take other measures to stimulate the economy if weakness in the U.S. and European economies causes a slowdown in Chinese exports. DealBook By KEVIN ROOSE The mutual fund manager Jeffrey Gundlach is facing allegations that he and three colleagues stole confidential data and proprietary trading systems from their old employer to start a competing firm. DealBook By MICHAEL J. DE LA MERCED The bank confirms negotiations, and a deal with Capital One Financial for the $30 billion portfolio is said to be near. Bits Blog By NICK BILTON Apple became the most valuable company in the world in terms of market capitalization on Tuesday, passing Exxon Mobil. By THE ASSOCIATED PRESS The Labor Department said productivity dropped 0.3 percent in the April-June quarter, following a decline of 0.6 percent in the first three months of the year. |
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