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 February 29, 2012 Afternoon Update |
 TOP NEWSNorth Korea Agrees to Curb Nuclear Work; U.S. Offers AidBy STEVEN LEE MYERS and CHOE SANG-HUNNorth Korea will suspend nuclear weapons tests and uranium enrichment at its main facility as part of a deal that includes an American food aid package. Americans From Nonprofits May Leave, Egypt SaysBy DAVID D. KIRKPATRICK and STEVEN LEE MYERSEgyptian officials said they would lift a travel ban after weeks of diplomatic wrangling, apparently resolving a crisis for the alliance between Egypt and the United States. Syrian Troops Reportedly Pushing Into HomsBy ALAN COWELL and J. DAVID GOODMANDespite diplomatic pressure for a cease-fire, the Syrian military continued to bomb opposition strongholds. James Murdoch Gives Up Role at British UnitBy JULIA WERDIGIER and ALAN COWELLJames Murdoch's role at News International has come under scrutiny amid a phone-hacking scandal. Storms in the Midwest Kill at Least 9By THE ASSOCIATED PRESSA powerful system that produced multiple reports of tornadoes early Wednesday laid waste to small towns in Illinois and Kansas while also roughing up the resort town of Branson, Mo. |
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BUSINESSBernanke Sees Modest Growth for EconomyBy BINYAMIN APPELBAUMBen S. Bernanke, the Federal Reserve chairman, told Congress that the recent rise in oil prices had not affected the Fed's view that the economy would expand at from 2.2 to 2.7 percent this year. DealBookAs Bank Profits Plunge, Wall Street Bonuses Fall ModestlyBy KEVIN ROOSEWhile annual payouts to finance industry employees in New York are forecast to drop only 14 percent during the bonus season, profits plunged in 2011, falling 51 percent, according to a report by the state comptroller, Thomas P. DiNapoli. G.M. to Take 7% Stake in PeugeotBy NICK BUNKLEYGeneral Motors and France's PSA Peugeot Citroën, both struggling in Europe, said they were forming an alliance to share car platforms and purchasing power. European Banks Flock to 2nd Round of Cheap LoansBy JACK EWINGThe European Central Bank said 800 banks snapped up 530 billion euros, or $713 billion, in new three-year loans, more than the last round, easing fears of a credit crunch. News analysisEurope's Need to Reconcile Rules and RealityBy STEPHEN CASTLEThe European Union's strict new rulebook, designed to ensure stability, may be too harsh when it comes to dealing with member states that are struggling with recession. |
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