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November 11, 2011 Afternoon Update |
TOP NEWSA Gold Rush of Subsidies in the Search for Clean EnergyBy ERIC LIPTON and CLIFFORD KRAUSSRenewable energy has received exceptional help from the government, mostly as part of the 2009 stimulus bill. That is ending, but some say it has been unnecessary. Markets Rally as Italy and Greece Move on AusterityBy GAIA PIANIGIANI and NIKI KITSANTONISUnder mounting pressure, the Italian Senate passed an austerity bill, a first step toward the exit of Prime Minister Silvio Berlusconi, and a new Greek cabinet was sworn in. Europe's Banks Found Safety of Bonds a Costly IllusionBy LIZ ALDERMAN and SUSANNE CRAIGThe debt crisis was fed by governments that borrowed too much, regulators that let banks treat the bonds as without risk and investors who viewed the bonds of all countries as solid. Abuse Inquiry Set Tricky Path for a GovernorBy JO BECKERFor months, Gov. Tom Corbett of Pennsylvania had reason to suspect a sexual abuse scandal was going to explode at Penn State University. He also had no way to talk about it, or to prepare for it. U.F.C. Dips a Toe Into the MainstreamBy BARRY BEARAKThe Ultimate Fighting Championship, criticized for its brutal nature, will appear for the first time on network television with a title fight on Saturday on Fox. |
MultimediaOpinion |
BUSINESSEurope to Propose Restrictions on Ratings AgenciesBy STEPHEN CASTLE and LIZ ALDERMANThe European Commission joined calls for an inquiry into an erroneous e-mail sent by Standard & Poor's suggesting that it had lowered the rating on France's sovereign debt. DealBookAhead of New Rules, Europe's Banks Go on a Selling SpreeBy MARK SCOTTEuropean banks are shedding assets to cut their exposure to debt and refocus on their home markets as they prepare to follow new financial rules. DealBookMF Global Lays Off Vast Majority of Broker-Dealer EmployeesBy MICHAEL J. DE LA MERCED and BEN PROTESSThe court-appointed trustee overseeing the liquidation of MF Global's broker-dealer unit laid off 1,066 employees on Friday, keeping only a skeleton staff to assist in the dissolution of the business. DealBookVivendi in $1.9 Billion EMI DealBy ERIC PFANNERVivendi's Universal Music will get the recorded-music assets, while Sony/ATV Music Publishing is near a $2.2 billion deal for the music publishing business of EMI. Thanksgiving as Day to Shop Meets RejectionBy STEPHANIE CLIFFORDRetailers eager to be the first to draw customers on Black Friday have crossed a line for some shoppers with plans to open stores on Thanksgiving Day. |
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