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 November 25, 2011 Afternoon Update |
 TOP NEWSWhite House Urges Egypt's Military to Yield PowerBy DAVID D. KIRKPATRICKThe Obama administration on Friday threw its weight behind Egypt's resurgent protest movement, urging for the first time the handover of power by the interim military rulers. Black Friday Is Busy, but Are Holiday Shoppers Spending?By STEPHANIE CLIFFORDFor stores, the day after Thanksgiving can be the highest sales day of the year and is a barometer for what to do the rest of the season.
Uncertainty on Wall Street, but Stocks Rise in EuropeBy DAVID JOLLYMajor indexes in New York closed slightly lower on a shortened trading day, even after Italy's borrowing costs soared and Hungary's credit rating was cut. As Hydrofracking Decision Nears, Industry Spending SkyrocketsBy THOMAS KAPLANEnergy companies that drill for natural gas have spent unprecedented amounts of money lobbying the Cuomo administration as environmentalist groups have struggled to be heard. Now ArrivingIn New York, Mexicans Lag in EducationBy KIRK SEMPLEMexicans, the fastest-growing major immigrant group in the city, have the highest dropout rate: about 41 percent of Mexicans ages 16 to 19 have dropped out of school. |
BusinessOpinion |
BUSINESSMoody's Downgrades HungaryBy DAVID JOLLYThe rating agency also hinted that further cuts could come. News AnalysisAs Crisis Deepens, E.C.B. Stands FirmBy JACK EWINGThe European Central Bank may have the power to snuff out the European debt crisis, but its reluctance to use it runs deep. Tense Time at Olympus as Ex-Chief Meets BoardBy HIROKO TABUCHIMichael C. Woodford, who remains a director of the company but who left Japan after he was fired, returned this week to meet with investigators looking into the scandal surrounding the company. With Economy Slowing, Indian Rupee FallsBy VIKAS BAJAJThe rupee, which has fallen nearly 14 percent against the dollar since August, rose only slightly after the Cabinet voted Thursday to allow foreign retailers to invest in stores in the country. AT&T Merger With T-Mobile Faces SetbacksBy EDWARD WYATT and JENNA WORTHAMThe companies said they had withdrawn their application to the F.C.C. to join their cellular phone operations but still plan to contest a federal antitrust lawsuit and pursue their $39 billion deal. |
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