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April 23, 2012 Afternoon Update |
TOP NEWSNews AnalysisEurope Caught in Vise as Austerity Weakens EconomyBy JACK EWING and LIZ ALDERMANBudget-cutting pain is fueling support for far-left and nationalist parties, but many European leaders simply cannot afford to spend more. Police Chief in Trayvon Martin Case Expected to ResignBy SERGE F. KOVALESKIOfficials in Sanford, Fla., say Chief Bill Lee Jr. will resign after his department was criticized over its handling of the shooting death of Trayvon Martin. BitsFacebook Arms for Patent Fight With $550 Million DealBy NICK WINGFIELDLess than two weeks after Microsoft paid AOL more than $1 billion for a trove of its patents, Microsoft is selling or licensing those same patents to its online ally, Facebook, for $550 million. Edwards Trial on Campaign Finance BeginsBy KIM SEVERSONThe political corruption trial is likely to come down to whom the jurors believe: John Edwards or his former campaign aide, Andrew Young. Who's Rocking to the Music? That's the ChefBy JEFF GORDINIERFor a new generation of chefs, music inspires the way they cook, becoming a pivotal part of their creative process. |
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BUSINESSDealBookChina's Biggest Banks Are Squeezed for CapitalBy NEIL GOUGHMainland Chinese banks are turning to markets to raise funds, even as they report strong profits and say their balance sheets are solid. Global Markets Veer Lower on Turbulence in EuropeBy VICTORIA SHANNONWall Street declined after market indexes in Europe sank 3 percent on a collision of negative political and economic indicators. U.S. Car Parts Makers Gain Ground in RussiaBy ANDREW E. KRAMERExports of U.S. automotive components like leaf springs and lead-acid batteries rose 98 percent last year, according to the U.S. Department of Commerce. Bits BlogUnder Scrutiny, Google Spends Record Amount on LobbyingBy NICOLE PERLROTHGoogle spent $5.03 million on lobbying between January and March of this year, a record for the company, and a 240 percent increase from the same quarter a year ago, according to disclosures filed Friday. DealBookNestle to Buy Pfizer's Infant Nutrition Unit for $11.9 BillionBy MARK SCOTTThe Swiss food giant Nestlé agreed on Monday to buy Pfizer's infant nutrition business for $11.9 billion to expand its presence in the global baby food market. |
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