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 December 22, 2011 Afternoon Update |
 TOP NEWSU.S. Concedes Error, but Says Pakistan Fired First at BorderBy MATTHEW ROSENBERGMistakes by both American and Pakistani forces led to airstrikes against Pakistani border posts that killed 26 Pakistani Army soldiers last month, according to the findings of a United States military investigation. Senate G.O.P. Chief Weighs In With Plan for Payroll Tax DealBy JENNIFER STEINHAUER and JACKIE CALMESSenator Mitch McConnell proposed that the House pass an extension while Senate Democrats commit to forming a negotiating committee to reach a long-term agreement. Explosions Rock Baghdad Amid Iraqi Political CrisisBy JACK HEALY, MICHAEL S. SCHMIDT AND TIM ARANGOA series of explosions shook Baghdad early Thursday, killing at least 63 a day after Prime Minister Nuri Kamal al-Maliki of Iraq threatened to abandon a power-sharing government created a year ago. Family Intrigue Shadows North Korea's Secretive DynastyBy CHOE SANG-HUNExperts said the way in which the country choreographs the mourning of Kim Jong-il could give early insight into the regime's new power structure. New Newt's Biggest Rival May Be Old NewtBy TRIP GABRIELThose closest to him say Newt Gingrich's late-life maturity and mellowness help explain how he has avoided the self-destructiveness that undermined him in the past. |
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BUSINESSBanks Retrench in Europe While Keeping Up AppearancesBy LANDON THOMAS Jr.Santander and other European banking giants are trying to preserve their brands while dealing with government austerity and tighter rules that threaten to plunge the Continent back into recession. Italy Passes $40 Billion Austerity PlanBy RACHEL DONADIOItaly's Senate voted overwhelmingly in favor of a package aimed at eliminating Italy's budget deficit by 2013 and stimulating its economy as part of a broader plan to stabilize the euro. DealBookJustice Approves Merger of NYSE Euronext and Deutsche BorseBy MICHAEL J. DE LA MERCEDThe Justice Department requires the sale of the German exchange's stake in Direct Edge Holdings within two years. Still, the biggest obstacle left is winning approval from the European Union. New Jobless Claims Are Lowest Since '08By REUTERSA weekly unemployment figure suggested that the American labor market recovery was gaining speed, but economic growth in the third quarter was revised downward. N.R.C. Clears Way for Nuclear Plant ConstructionBy MATTHEW L. WALDThe Nuclear Regulatory Commission's decision, affecting projects in Georgia and South Carolina, is a milestone in the much-delayed revival of nuclear plant construction sought by the industry. |
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