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 December 16, 2011 Afternoon Update |
 TOP NEWSDealBookU.S. Suit Says 6 Executives at Loan Giants Misled MarketBy AZAM AHMED and BEN PROTESSThe Securities and Exchange Commission has sued six former executives at Fannie Mae and Freddie Mac, saying they did not adequately disclose their firms' exposure to risky mortgages. City RoomStanford Drops Bid to Build High-Tech Campus in CityBy RICHARD PÉREZ-PEÑAA leader in a competition intended to make New York an engineering powerhouse was frustrated with the city's attempts to negotiate new terms after Stanford had submitted its bid, said people who were briefed on the matter. U.S. Transfers Last Prisoner to Iraqi GovernmentBy CHARLIE SAVAGEAli Musa Daqduq is accused of helping to orchestrate a January 2007 raid that killed five American soldiers.
On PoliticsCentrist Group Clears Path for a Third-Party TicketBy RICHARD W. STEVENSONCourtesy of a group called Americans Elect, an independent candidate could enter the race with all but guaranteed nationwide ballot access. Bonds Avoids Prison Time for Giving Evasive TestimonyBy JASON TURBOWBarry Bonds, baseball's home run champion, avoided a prison term on Friday when he was sentenced to 30 days' house arrest and probation for providing evasive testimony to a federal grand jury eight years ago. |
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BUSINESSAngry Salvos on Euro Pact Sail Across the ChannelBy LIZ ALDERMANAs ratings agencies raise heat on France, a cross-Channel spat has escalated into a full-blown war of words, with Paris turning its wrath on Britain. R.I.M. Stock Hits Eight-Year LowBy IAN AUSTENShares in Research in Motion fell 12 percent following the company's announcement that it will delay the launch of a new series of BlackBerry phones. 100-Watt Bulb on Its Way Out, Despite BillBy DIANE CARDWELLA rider on the omnibus spending bill prohibits the Energy Department from enforcing new efficiency standards on light bulbs. But the industry is unlikely to change course now. DealBookZynga's Modest DebutBy EVELYN M. RUSLIZynga's shares rose 10 percent on Friday, before dipping below its offering price. In the coming months, Zynga will be a critical test for the fragile I.P.O. market. W.T.O. Grants Russia MembershipBy DAVID JOLLYMembership will end the anomaly of having a leading oil and gas exporter and permanent member of the United Nations Security Council outside the world trade system. |
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