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November 21, 2011 Afternoon Update |
TOP NEWSEgypt's Civilian Government Submits Offer to ResignBy DAVID D. KIRKPATRICK and LIAM STACKAfter three days of increasingly violent demonstrations, Egypt's interim civilian government submitted its resignation to the country's ruling military council. Death of Deficit Deal Opens Up New Campaign of BlameBy JENNIFER STEINHAUER and HELENE COOPERAs the deficit committee met for what appeared to be the last time, Republican presidential candidates framed its failure as a lack of leadership by President Obama. Suspect in New York Bomb Plot Left an Online TrailBy JAMES BARRON and JOSEPH GOLDSTEINJose Pimentel, accused of plotting to set off bombs in New York, praised Osama bin Laden on his blog and cited bomb-making articles from Al Qaeda's magazine. A Hard Turn: Steering Away From Bad DietsBy ABBY ELLINBeset by insurance costs and desperate to make ensure that drivers pass health tests, trucking companies and industry groups are working to persuade them to change their habits. Campus Police Chief Put on Leave in Pepper Spray IncidentBy BRIAN STELTERThe chancellor at the University of California, Davis, asks the district attorney to investigate campus police tactics after officers pepper sprayed seated protesters. |
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BUSINESSWall St. Slides on Pessimism Over Europe and DeficitBy CHRISTINE HAUSER and DAVID JOLLYEuro zone markets were also weighed down by a warning from Moody's that France would have to fight to retain its top rating. Greenberg Sues U.S. Over A.I.G. TakeoverBy GRETCHEN MORGENSONMaurice R. Greenberg, the former chief of A.I.G., contends that the takeover of the insurer in the fall of 2008 was improper and that the Fed breached its duty to A.I.G. shareholders. DealBookMF Global Trustee Says Shortfall Could Exceed $1.2 BillionBy MICHAEL J. DE LA MERCED and BEN PROTESSThe court-appointed trustee overseeing the liquidation of MF Global's brokerage now estimates that the shortfall in the firm's customer funds could be more than $1.2 billion - double previous estimates. China Bends to U.S. Complaint on Solar Panels but Plans RetaliationBy KEITH BRADSHERPreparations to redesign supply chains, and then retaliate against U.S. exports, come after the U.S. Department of Commerce opened an anti-dumping and anti-subsidy case. DealBookGilead to Buy Pharmasset for $11 BillionBy ANDREW POLLACK and MICHAEL J. DE LA MERCEDUnder the terms of the deal, Gilead Sciences will pay $137 a share in cash for Pharmasset, 89 percent above its closing share price on Friday. |
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