Afternoon Update: Romney, With a Tight Win, Goes to N.H.

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January 4, 2012 Afternoon Update

TOP NEWS Romney, With a Tight Win, Goes to N.H. By KATHARINE Q. SEELYE and JEFF ZELENY The quest for the Republican presidential nomination moved to New Hampshire on Wednesday, as Senator John McCain endorsed Mitt Romney. Video: On to New Hampshire The Caucus Bachmann Says She Will Not Continue in the Race By SARAH WHEATON Michele Bachmann said on Wednesday morning that she would not continue her campaign for the Republican presidential nomination. Perry to Remain in Race Defying G.O.P., Obama Names Head of Consumer Agency By HELENE COOPER and JENNIFER STEINHAUER President Obama's decision to install Richard Cordray defied deep opposition. He also plans to use his recess powers to fill vacancies to the National Labor Relations Board, a move certain to infuriate Republicans. Cuomo Delivers State of the State Address By THOMAS KAPLAN Gov. Andrew M. Cuomo will unveil his second-year agenda in the speech held in a state convention center in Albany. PayPal Executive Named Chief of Yahoo By STEVE LOHR The Yahoo board said that Scott Thompson, who has been running the online payments unit of eBay since early 2008, would replace Carol Bartz, who was dismissed in September. Bits: Yahoo's Gain Is eBay's Loss 2:30 PM ET • NYTimes.com Home Page »

Multimedia Video: TimesCast | January 4, 2012 The Republican presidential field narrows, and candidates head to New Hampshire | The historical precedents of a Republican insurgency. Opinion Opinionator | The Conversation Apocalypse Iowa By DAVID BROOKS and GAIL COLLINS The scene at the caucuses brings to mind a scene from a movie.

BUSINESS U.S. Auto Sales Ended 2011 With Strong Gains By NICK BUNKLEY The Big Three carmakers posted double-digit increases in sales for the year as December finished with a flourish. Boeing to Shut Wichita Plant By THE ASSOCIATED PRESS The company plans to close the massive defense operation and eliminate 2,100 jobs there by the end of 2013 in a bid to cut costs. Swiss Central Bank Chief Faces Accusations of Improper Currency Trades By JACK EWING Philipp M. Hildebrand, head of the Swiss National Bank, did not immediately comment on reports that he profited from trades made before and after he oversaw steps to prevent the Swiss franc from becoming too strong. Stocks Little Changed After Rally By THE ASSOCIATED PRESS Stock markets were flat Wednesday after a firm start to the new year, as a report on factory orders gave a mixed picture of the United States economy. Europe Wins Modest Respite From Debt Crisis 9:41 AM ET U.K. Auditor Clears Newspaper of Impropriety in Circulation Deal By ERIC PFANNER Auditor said The Wall Street Journal Europe had "circuitious" arrangements but found no evidence it didn't comply with standards. • More Business News »

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