الأربعاء، 9 نوفمبر 2011

Afternoon Update: As Italy's Cost of Borrowing Surges, Europe Shudders

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As Italy's Cost of Borrowing Surges, Europe Shudders

By GRAHAM BOWLEY, NELSON D. SCHWARTZ and LOUISE STORY

As Italian bond rates crossed a crucial level of 7 percent on Wednesday, analysts questioned whose pockets are deep enough to bail out the nation, if necessary.

Fear of Contagion Rocks Markets

By CHRISTINE HAUSER

Losses on Wall Street deepened in afternoon trading after borrowing costs for Italy cracked a key barrier.

Voters Defeat Many G.O.P.-Sponsored Measures

By KATHARINE Q. SEELYE

The efforts included an anti-abortion initiative in Mississippi and a crackdown on voting rights in Maine.

Ahead of Egypt's Vote, Parties and Skepticism Grow

By NEIL MacFARQUHAR

The question shadowing Egypt's parliamentary elections is whether a robust enough Parliament will emerge to challenge the military's 60-year grip on power.

Paterno Wants to Retire at End of Season

By MARK VIERA

Joe Paterno announced Wednesday that he plans to retire at the end of the football season, but it remained unclear if Penn State would allow him to coach that long in the wake of a sexual abuse scandal.

Multimedia

Video: TimesCast | November 9, 2011

Investors remain skeptical Italy can tackle its financial crisis; Wednesday is the first G.O.P. debate since allegations against Herman Cain surfaced; and N.B.A. owners give players a 5 p.m. deadline.

Opinion

Opinionator | Home Fires

On War and Redemption

By TIMOTHY KUDO

It's not the sights, sounds, adrenaline and carnage of war that linger. It's the morality.

BUSINESS

U.S. and China on Brink of Trade War Over Solar Power Industry

By KEITH BRADSHER

Chinese solar panel manufacturers, which had virtually no presence in the U.S. market three years ago, now hold more than half of it.

E.U. Poised to Overtake U.S. as Biggest Oil Importer

By JULIA WERDIGIER

In its annual report, the International Energy Agency said the European Union would become the world's biggest oil importer in 2015, but would be surpassed by China by 2020.

G.M. Profit Falls on Rising Costs

By NICK BUNKLEY

Higher costs outweighed an increase in global sales for the third quarter.

U.S. Indicts 7 in Online Ad Fraud Scheme

By JENNA WORTHAM

Federal prosecutors charged seven men with orchestrating a vast Internet scheme that infected more than 4 million computers with malicious software and generated profits through online advertisements.

E.U. to Tighten Web Privacy Law, Risking Trans-Atlantic Dispute

By KEVIN J. O'BRIEN

The changes would require non-E.U. companies like Google and Facebook to abide by Europe's stricter rules on data collection or face fines and prosecution.

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