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 September 12, 2011 Afternoon Update |
 TOP NEWSThe CaucusPerry on Defense Over Social Security Before DebateBy MICHAEL D. SHEARGov. Rick Perry has sparked a high-stakes political fight over the program, and the Republican presidential candidates are likely to find themselves in a feud at Monday night's debate.
The CaucusWhite House Would Cut Deductions to Pay for Its Jobs PlanBy HELENE COOPERThe White House said that it would cover most of the cost of his $447 billion jobs package by limiting the deductions that can be claimed on the tax returns of wealthier taxpayers. Fresh Worries About Europe Shake Global Stock MarketsBy CHRISTINE HAUSER and LIZ ALDERMANAmerican markets turned mixed on Monday after global indexes were battered, with French bank shares hit especially hard. Scores Dead in Kenyan Pipeline FireBy JEFFREY GETTLEMANKenyan police officials said at least 73 people were killed on Monday after a leaking pipeline exploded in a crowded slum. Detroit Sets Its Future on a Foundation of Two-Tier WagesBy BILL VLASICOnce viewed as a desperate move by the Big Three automakers, a two-tier wage system for longtime employees and new hires is being seen as important to Detroit's future. |
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BUSINESSTurmoil Ensnares Big French BanksBy LIZ ALDERMANFrench banks moved toward the center of the European debt storm Monday amid the possibility the government might need to take steps to strengthen the banks' financial positions. Bits BlogArrington Is Out at AOL and TechCrunchBy CLAIRE CAIN MILLER and VERNE G. KOPYTOFFAOL and Michael Arrington, the founder of TechCrunch, said they had parted ways, after a controversy over Mr. Arrington's new venture capital fund. Federal Officials Extend E. Coli BanBy WILLIAM NEUMANThe Department of Agriculture will include six additional strains of E. coli bacteria in new rules for banning ground beef sales. Bank of America Confirms 30,000 Jobs to GoBy NELSON D. SCHWARTZAbout 30,000 jobs will be eliminated over the next few years as part of $5 billion in cuts planned by the chief executive, Brian T. Moynihan. DealBookBroadcom to Buy NetLogic for $3.7 BillionBy MICHAEL J. DE LA MERCED and EVELYN M. RUSLIBroadcom agreed on Monday to buy NetLogic Microsystems, a maker of chips for wireless devices for $50 a share, a roughly 57 percent premium. |
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