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 January 25, 2012 Afternoon Update |
 TOP NEWSFed Signals That a Full Recovery Is Years AwayBy BINYAMIN APPELBAUMThe Federal Reserve said it was not likely to raise interest rates until the end of 2014, adding 18 months to the expected duration of its response to the slump. U.S. Military Frees 2 Western Hostages From Somali PiratesBy JEFFREY GETTLEMAN, ERIC SCHMITT, THOM SHANKERAmerican commandos staged a daring raid in Somalia on Wednesday morning, rescuing two hostages, including an American woman, who had been kidnapped by pirates and held for months. Obama Weaves Well-Versed Theme Into Case for Re-ElectionBy JACKIE CALMESThe president is framing the 2012 election as a choice between a communal sense of shared responsibility, or a stark survival-of-the-fittest approach to reshaping the nation's economy. Will Israel Attack Iran?By RONEN BERGMANFor the first time since the Iranian nuclear threat emerged, the conditions for an Israeli assault have been met. Egyptians Gather on First Anniversary of RevoltBy DAVID D. KIRKPATRICKIn a mix of celebration and agitation on Wednesday, tens of thousands of Egyptians gathered in Tahrir Square, the crucible of the revolution that overthrew former President Hosni Mubarak. |
MultimediaOpinion |
BUSINESSJ.C. Penney to Revise Pricing Methods and Limit PromotionsBy STEPHANIE CLIFFORDRon Johnson, the company's chief executive, said the company would adopt a three-tiered pricing structure and cut down on promotions. DealBookEuropean Banks Raise $53 Billion to Appease RegulatorsBy MARK SCOTTSince the third quarter of last year, financial institutions have raised at least 40.7 billion euros, or $52.8 billion, in new capital toward a combined target of 115 billion euros, according to Citigroup estimates. DealBookHedge Funds Scramble to Unload Greek DebtBy LANDON THOMAS Jr.Hedge funds that in the last month or so have purchased an estimated $5.2 billion of beaten down Greek bonds that mature on March 20 are now trying to unload their positions. Economic Reports Surprise in Britain and GermanyBy JULIA WERDIGIERThe U.K. economy shrank more than expected in the fourth quarter, while German business confidence rose in January, indicating the economy is growing. DealBookBritish Regulator Fines Einhorn in Insider Trading CaseBy JULIA WERDIGIERThe Financial Services Authority says that David Einhorn and Greenlight Capital used inside information in the trading of the shares of the British pub chain Punch in 2009. |
State of the Union Address
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