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 May 14, 2012 Afternoon Update |
 TOP NEWSSlowly, as Student Debt Rises, Colleges Confront CostsBy ANDREW MARTINWith the balance of student debt topping $1 trillion, college presidents are recognizing that they must handle the costs of education through methods other than tuition increases.
Leaders in Greece Remain Resistant to Unity CoalitionBy RACHEL DONADIO and NIKI KITSANTONISPresident Karolos Papoulias prepared to make a last-ditch appeal on Monday for Greece's sharply divided political parties to form a unity government as new elections loomed. DealBookJPMorgan Chase Executive Retires After Trading LossBy KEVIN ROOSEIna R. Drew, the chief investment officer who presided over the firm's $2 billion trading loss that was announced last week, will be replaced by Matt Zames. A Once-Unthinkable Choice for AmputeesBy ALEXIS OKEOWOInstead of doing everything possible to preserve whatever is left of their limbs, some are opting to amputate more extensively to regain something more akin to normal function. Ex-Senator Espada Guilty of Embezzling From Health Care NetworkBy MOSI SECRETPedro Espada Jr., the former state senator who staged a power grab to become one of the top leaders in the Legislature, was convicted of some charges, but the jury is continuing to deliberate others. |
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BUSINESSDealBookBanks Tread a Fine Line in TradingBy PETER EAVISWidespread trading practices are creating a headache for regulators who are trying to devise rules to prevent another financial crisis. Greek Crisis Hurts MarketsBy DAVID JOLLYThe dollar rose and stocks fell as politicians fumbled for a way forward in a crisis that has put Greece's continued euro membership into serious doubt. DealBookDewey's Bienenstock Discusses Law Firm's DemiseBy PETER LATTMANThe bankruptcy lawyer Martin J. Bienenstock acknowledged that the guaranteed long-term pay contracts given to partners were at the core of Dewey & LeBoeuf's problems. Chairman of Best Buy to Step DownBy STEPHANIE CLIFFORDThe company's audit committee said Richard Schulze, also the chain's founder, failed to report an inappropriate relationship between the former chief executive and an employee. DealBookFalcone's LightSquared Files for BankruptcyBy KEVIN ROOSE and AZAM AHMEDLightSquared, a broadband wireless company that aimed to connect millions of customers in a far-reaching satellite network, filed for bankruptcy protection on Monday. |
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