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 August 10, 2011 Afternoon Update |
 TOP NEWSU.S. Stocks Drop Sharply Amid Fears About EuropeBy CHRISTINE HAUSERFinancial stocks exposed to European banks were especially hard hit, as the broader market showed concern that big European countries might be called upon to bail out their banks. Anxiety Hits Shares of French BanksBy LIZ ALDERMANFears mounted that France's credit rating could be cut because of the cost of cleaning up the debt crisis. The Lede BlogLatest Updates on the Financial MarketsBy THE NEW YORK TIMESBig bank stocks are among the leading decliners; fears about European banks drive latest sell-off. After 4th Night of Violence, Cameron Pledges Police 'Fightback'By ALAN COWELL and JOHN F. BURNSWith 10,000 additional police officers deployed across London, looting and arson dipped sharply, even as violence ticked up outside of the British capital. Bits BlogCooking Classes, Live on Google+By JENNA WORTHAMA technology consultant is using Google's new videochat service to offer cooking lessons from his apartment -- and turning them into a business. |
U.S.Opinion |
BUSINESSGreece Feels Push Toward Euro ExitBy JACK EWING AND LIZ ALDERMANProminent German economists are advancing arguments that Athens' departure from the currency union would benefit all involved. Italians More Perplexed Than Anxious Over Latest Debt CrisisBy ELISABETTA POVOLEDOConscious that their country's public finances have long been on shaky ground, Italians are bewildered by how quickly Italy has been targeted as the latest weak link in the euro zone. Dark Clouds Gathering on British Economy, Central Banker SaysBy JULIA WERDIGIERThe governor of the Bank of England, Mervyn A. King, gave a gloomy outlook for the British economy, but refrained from making a U.S.-style pledge on short-term interest rates. DealBookCapital One to Buy HSBC's U.S. Card Unit for $2.6 BillionBy MICHAEL J. DE LA MERCEDThe deal will bolster Capital One's portfolio of credit card loans, while allowing HSBC to further slim down its consumer banking operations in the United States. DealBookGroupon Drops Criticized Yardstick, but Shows More GrowthBy MICHAEL J. DE LA MERCEDGroupon dropped a much-criticized accounting metric from its latest prospectus, but continued to show strong growth in both net revenue and subscribers. |
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