الأربعاء، 19 أكتوبر 2011

Afternoon Update: Accused of Deception, Citi Agrees to Pay $285 Million

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TOP NEWS

Accused of Deception, Citi Agrees to Pay $285 Million

By EDWARD WYATT

Citigroup was accused of misleading investors in a $1 billion derivatives deal, then betting against them as the housing market in the United States began to show signs of distress.

The Caucus

Perry to Propose a National Flat Tax

By ADAM NAGOURNEY

Gov. Rick Perry of Texas said he would propose a flat tax next week as part of a tax overhaul, signaling a new effort to separate himself from Mitt Romney.

U.S. Solar Panel Makers Accuse Chinese of Trade Violations

By KEITH BRADSHER

The trade case accuses Chinese makers of "dumping" panels for less the cost of making them, and seeks tariffs of more than 100 percent of the wholesale import price.

New U.S. Envoy to Talk With North Koreans Next Week

By BRIAN KNOWLTON and

A new full-time envoy devoted to North Korean nuclear issues is expected to be appointed, and talks with Pyongyang are likely to resume soon, officials said.

Police Kill Dozens of Animals Freed From Ohio Preserve

By GREG BISHOP and TIMOTHY WILLIAMS

Officials say they killed at least 25 animals that escaped from an exotic animal preserve after the owner released the animals before killing himself.

Multimedia

Video: TimesCast | October 19, 2011

Huge protests in Athens as a two-day strike begins; the Mitt Romney and Rick Perry campaigns put the spin on Tuesday's heated debate; and the World Series begins Wednesday night.

Opinion

Room for Debate

The Psychology of Occupy Wall Street

There's a common thread in the Occupy protests worldwide: everyone is mad. Do they have more in common than anger?

BUSINESS

Listeria Outbreak Traced to Cantaloupe Packing Shed

By WILLIAM NEUMAN

The outbreak, the deadliest incident of foodborne illness in the last 25 years, has been traced to Jensen Farms in Holly, Colo.

DealBook

Morgan Stanley Posts $2.15 Billion Profit

By SUSANNE CRAIG

Morgan Stanley, buoyed by solid performances in all its core divisions and a one-time accounting gain, announced third-quarter earnings of $2.15 billion, compared with a loss of $91 million a year ago.

U.S. Consumer Inflation Subdued, Housing Starts Up

By CHRISTINE HAUSER

The rising cost of gasoline helped push up the price index, but the pressure expected to ease in the months ahead.

Leaders in Europe Take Time From a Farewell to Negotiate a Bailout Deal

By JACK EWING, STEPHEN CASTLE AND RAPHAEL MINDER

Key figures in addressing the debt crisis gathered under intense pressure to deliver a response, but tried to dampen expectations for a grand gesture.

DealBook

Abbott to Split in Two

By MICHAEL J. DE LA MERCED

By breaking off its research pharmaceutical business, Abbott Laboratories will follow a string of companies that have turned to corporate breakups to bolster shareholder value.

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