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 February 21, 2012 Afternoon Update |
 TOP NEWSSupreme Court Agrees to Hear Affirmative Action CaseBy ADAM LIPTAKThe court's decision in the new case holds the potential to undo an accommodation on affirmative action in higher education reached by the court in 2003. News AnalysisNew Bailout Is a Reprieve for Greece, but Doubts PersistBy LANDON THOMAS Jr.Longer-term doubts over Greece's ability to repay its staggering debts remain, raising questions about whether even more rescue money will eventually be needed. To Ease Shortage, F.D.A. Lets 2 Cancer Drugs Be ImportedBy GARDINER HARRISDoxil, used for ovarian cancer, and methotrexate, for a common form of childhood leukemia, are among scores of drugs whose shortfall is threatening lives in the United States. Iran Warns of Pre-emptive Action in Nuclear DisputeBy ALAN COWELLIran reportedly stated on Tuesday that it would take pre-emptive action against perceived foes as tension rose in the dispute with the West over its suspected nuclear program. Dollar-Cost Averaging: An Emotional Insurance PolicyBy CARL RICHARDSEven if dollar-cost averaging doesn't necessarily promise better returns, it may make it easier to get a lump sum invested at all given general fears of putting a pile of money to work. |
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BUSINESSDealBookIn Latest Greek Bailout, Warning Signs for EuropeBy PETER EAVISGreece's 130 billion euro bailout highlights the weaknesses in Europe's response to the sovereign debt crisis, problems that could flare up and undermine recovery efforts in countries like Italy, Spain, Ireland and Portugal.
Dow Hits 13,000, a Mark Last Reached in 2008By CHRISTINE HAUSERThe Dow Jones industrial average exceeded 13,000 points in late morning trading, but then fell back, as investors weighed a bailout deal for Greece and the latest corporate earnings reports. Channels From Magic Johnson and Diddy Among Those Blessed by ComcastBy BRIAN STELTERFollowing through on a pledge to carry more minority-owned cable channels, the cable company indicated support for four: two led by African-Americans and two led by Hispanic-Americans. Wal-Mart's Higher Sales Came at a CostBy STEPHANIE CLIFFORDThe giant retailer reported net income of $5.16 billion, down from $6.06 billion a year earlier, although revenue climbed at Walmart stores in the United States. DealBookAlibaba Offers to Take Subsidiary PrivateBy KEVIN ROOSEAlibaba offered on Tuesday to buy the remaining shares of Alibaba.com for 13.50 Hong Kong dollars a share, roughly the same price at which the unit went public in 2007. |
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