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 January 26, 2012 Afternoon Update |
 TOP NEWSPentagon Plan Includes Base Closings and Smaller RaisesBy ELISABETH BUMILLER and THOM SHANKERThe Pentagon says it wants to limit pay raises, increase health insurance fees for retirees and close bases as part of its plan to shrink in size after a decade of war. Egypt Bars Son of U.S. Official From LeavingBy DAVID D. KIRKPATRICK and STEVEN LEE MYERSSam LaHood, son of the transportation secretary, Ray LaHood, and other American employees of the International Republican Institute were prevented from flying out of Egypt last week. At Euro Talks, a Calm Arm-Twister From WashingtonBy ANNIE LOWREYLael Brainard, a Treasury under secretary who is America's top financial diplomat, is trying to coax European leaders to contribute to a financial firewall. Judge Orders Arizona Candidate Struck From BallotBy MARC LACEYA judge said Alejandrina Cabrera, who is seeking a City Council seat in the border community of San Luis, Ariz., did not know enough English for the job. A Ballot Push to Legalize Marijuana, With Alcohol as the Role ModelBy KIRK JOHNSONIn Colorado, a proposal to legalize possession of marijuana in small amounts is likely to be on the ballot this fall, backed by the Campaign to Regulate Marijuana Like Alcohol. |
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BUSINESSAT&T's Net Loss Tied to T-Mobile Merger FeesBy JENNA WORTHAMAT&T posted a substantial $6.68 billion loss for the fourth quarter, primarily from the breakup fees incurred after the company's failed bid to buy T-Mobile USA. One-Billion-Euro Loss and a Silver Lining for NokiaBy KEVIN J. O'BRIENTrying to regain its luster, not to mention market share, Nokia said it had sold a million of its new Windows smartphones since October. Markets Flag After Report on Home SalesBy THE ASSOCIATED PRESSStocks declined, despite the Federal Reserve's promise Wednesday to keep interest rates low until late 2014. Merger Costs Weigh on United ContinentalBy JAD MOUAWADThe nation's top carrier narrowed its fourth-quarter net loss to $138 million from a year ago, but still blamed 2010's merger for much of the red ink. French Police Detain Founder of Breast Implant MakerBy MAÏA DE LA BAUME and DAVID JOLLYJean-Claude Mas, the founder of a French company that made hundreds of thousands of breast implants from industrial-grade silicon, was detained early on Thursday. |
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