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 December 27, 2011 Afternoon Update |
 TOP NEWSArchitect of Putin's System of Politics Is ReassignedBy ELLEN BARRYThe Kremlin announced a new role for Vladislav Y. Surkov, the "gray cardinal" who has overseen Russia's domestic political scene for more than a decade. Embattled City in Syria Simmers as Monitors EnterBy KAREEM FAHIMThe Syrian government pulled tanks from the streets of Homs on Tuesday as Arab League observers arrived to monitor government pledges to withdraw forces. Obama to Nominate Two for Vacancies on Fed BoardBy BINYAMIN APPELBAUMPresident Obama will nominate a Harvard economist, Jeremy C. Stein, and a former private equity executive, Jerome H. Powell, to the Federal Reserve board of governors. Iran Threatens to Block Oil if West Sets New SanctionsBy RICK GLADSTONEIran said it would close off the world's most important oil transit point, the Strait of Hormuz, if Western powers try to restrict the sale of Iran's oil because of its nuclear program. The CaucusFor Republicans in Iowa, the Campaign Begins, ReallyBy MICHAEL D. SHEARThe presidential candidates' flurries of activity may seem similar. But each is pursuing a different strategy to woo supporters to the caucuses on Jan. 3. |
U.S.Opinion |
BUSINESSSlicing Costs, and Still ServingBy WILLIAM NEUMANKept open by bankrupt chains, zombie restaurants make just enough to cover basic costs, resulting in a glut of eateries chasing after scarce dining dollars. Home Prices Declined in OctoberBy CHRISTINE HAUSERHome prices in the United States fell by more than 1 percent in October, a private survey showed on Tuesday, and analysts expect the downward trend will continue in the months ahead. DealBookLampert's Hit-or-Miss PortfolioBy AZAM AHMEDWhile Sears has been an albatross for hedge fund investor Edward S. Lampert, his other holdings like Auto Nation and Auto Zone are faring well. Japan Recommends Temporary State Control for Tokyo ElectricBy HIROKO TABUCHIThe order came after the utility requested 689.4 billion yen, or $8.8 billion, in government aid to help pay for its response to the nuclear accident at its Fukushima site. DealBookEDF of France to Increase Stake in Italian UtilityBy ERIC SYLVERSThe French utility EDF, Europe's biggest power generator, said Tuesday it would raise its stake in the Italian energy company Edison as it seeks to secure a bigger foothold in the country. |
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