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Apr 13, 2012

NYT Global Update: Rocket Failure Is Setback for North Korea's New Leader



TOP NEWS

Rocket Failure Is Setback for North Korea's New Leader

By CHOE SANG-HUN
For Kim Jong-un, North Korea's failure to put a satellite into orbit, after drawing international condemnation over the attempt, was a $1 billion humiliation.

Protests Follow Cease-Fire in Syria

By NEIL MacFARQUHAR
For a second day, a fragile cease-fire seemed to prevail in much of Syria, but some clashes were reported and activists said some areas were under virtual martial law.

At Iran Talks, Inspection of Nuclear Sites Is a Goal

By STEVEN ERLANGER
Iran's resumption of talks with six major world powers is raising hopes that it might be ready to strike a deal.
Multimedia

Video: TimesCast

The 100th anniversary of the Titanic's sinking, and more.
Opinion

Op-Ed Contributors

Toward a World Without Nukes

By HELMUT SCHMIDT and SAM NUNN
America and Europe should show the way on nuclear threat reduction.
WORLD

Journalists in Pyongyang Scooped by Launch Failure

By RICK GLADSTONE
The journalists, cloistered in a hotel press room, did not see the launching Friday morning, or its spectacular failure minutes later.

3 Decades Later, Ex-Hostages Press On for Damages From Iran

By MATTHEW L. WALD
As successive administrations have honored an accord with Iran, the hostages have not given up their efforts in courts and in Congress.

U.S. Condemns Prison Term for Ex-Defense Chief in Ukraine

By MICHAEL SCHWIRTZ
The American Embassy called the imprisonment of Valery Ivashchenko, an ally of former Prime Minister Yulia V. Tymoshenko, politically motivated.
BUSINESS

Russian Lender Building Its Own Bloc in Eastern Europe

By ANDREW E. KRAMER
An acquisition campaign that expands Sberbank in eight Eastern European countries might seem like a banker's version of rebuilding the old Soviet bloc.

Some Investors Seek to Turn Diamonds Into Must-Have Commodity

By NATHANIEL POPPER
Some investment professionals are competing to turn the gem into a commodity that would become available to investors in exchange-traded funds the way gold has in recent years.

Times of London Sued in Hacking Scandal

By ALAN COWELL AND RAVI SOMAIYA
The suit involves e-mail hacking for which the newspaper has apologized.
TECHNOLOGY

Google Announces 2-for-1 Stock Split

By DAVID STREITFELD
The search giant also reported first-quarter revenue that rose 24 percent and earnings that slightly beat analysts' expectations.

Whistle-Blower Claiming Visa Fraud Keeps His Job, but Not His Work

By JULIA PRESTON
Jack B. Palmer says he has been harassed, given no work and denied bonuses since accusing his employer, Infosys, of misusing visitor visas.
DealBook

The Instagram Deal: A Mark Zuckerberg Production

By EVELYN M. RUSLI
Mark Zuckerberg is said to have had a large role in Facebook's $1 billion purchase of Instagram, but he has not always played a heavy hand in the company's acquisitions.
SPORTS

Bahrain Grand Prix Splits the Kingdom

By SOUAD MEKHENNET
Protests in the Gulf kingdom are gathering strength while the government and Formula One hope to use the event to display tranquillity.

Pole Position Is Falling Behind

By BRAD SPURGEON
It used to be that the man who scored pole position in Grand Prix qualifying was almost certain to win the race, but now the fastest driver on Saturday is not necessarily the winner on Sunday.

Setting the Tone for Tennis's Much Bigger Stars

By CHRISTOPHER CLAREY
Ivan Ljubicic, who is about to play his last tournament, has encouraged other players to become involved in the game's governance.
U.S. NEWS

Obamas Paid 20.5% in Income Taxes, 2011 Returns Show

By MARK LANDLER
The president and his wife reported adjusted gross income of $789,674 in 2011 and paid just over 20 percent of it to the federal government in taxes.

Collision Over Roles of Women Sets Off Combative Debate Along the Trail

By MICHAEL D. SHEAR and SUSAN SAULNY
The Romney and Obama campaigns spent the day weighing in on Hilary Rosen's remark that Ann Romney had "never worked a day in her life."

Mammoth Lakes, Calif., Faces Bankruptcy

By NORIMITSU ONISHI
The town is considering bankruptcy because of its inability to pay a $43 million legal judgment in a development dispute dating back to 1997.
OPINION
Op-Ed Contributor

A Precarious Crossroads for Afghan Women

By MICHELLE BACHELET
In some ways the pace of change on women's issues has gone into reverse.
Op-Ed Contributor

Don't Give Up on Mideast Peace

By JIMMY CARTER
The current focus of leaders in Washington and Jerusalem on Iran has obscured the near-death of the Israeli-Palestinian peace negotiations.
Op-Ed Contributors

How to Tell if the Iran Talks Are Working

By MARK HIBBS, ARIEL LEVITE and GEORGE PERKOVICH
Though talks since 2004 on Iran's nuclear program have produced no real progress, recent developments suggest some grounds for cautious optimism.

Marketwatch | Personal Finance Daily: 10 of the fastest supercars in the World



By MarketWatch
Don’t miss these top stories:
You thought we were going to bombard you with tax stories today, didn’t you? Nope. We’ve got some car stories for you, instead. We’ll have more tax news on Monday.
In the meantime, take a look at Jennifer Waters’s column on the true costs associated with car ownership. The price tag on the car is not necessarily proportional to the other expenses, such as maintenance, fuel, depreciation and insurance. You might be surprised to learn that a less-expensive economy car might cost you more in the end that a sedan with a higher sticker price.
And it you’re anticipating a really huge tax refund, well, we’ve got a slide show on 10 of the fastest and most expensive production cars in the world, starting with the renowned Bugatti Veyron — which will cost you a couple of million dollars, but which also can go 268 mph. Dream on.
On a more practical note, our Weekend Investor feature takes a look at how stocks are topping bonds in the hunt for yield. Many companies are now paying dividends well in excess of their own bond yields. The yield spread of U.S. BAA-rated corporate bonds over the Standard & Poor’s 500 Index dividend yield is near its lowest level in almost 45 years.
Anne Stanley Managing Editor, Personal Finance

10 of the fastest super cars in the world

From the Bugatti Veyron Super Sport to the famed McLaren F1, take a look at some of the fastest and most expensive super cars in the world.
Read more: 10 of the fastest super cars in the world.

Surprise: Cars cost a lot more than you think

Before you buy that “cheaper” car, calculate the true cost of ownership. You might be surprised by what you find.
Read more: Surprise: Cars cost a lot more than you think.

How to deal with a hostile tenant

Much is written about how tenants have been victimized by landlords, but sometimes the landlords are the victims.
Read more: How to deal with a hostile tenant.
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Reuters - Daily Investor Update: Apple rejects e-book pricing collusion charge

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Wall Street ends worst two weeks since November
NEW YORK (Reuters) - U.S. stocks closed their worst two-week slide since November with a selloff on Friday as disappointing China growth data sparked worries the global recovery was flagging.
JPMorgan gets boost from better economy, trading
(Reuters) - An uptick in trading and dealmaking lifted JPMorgan Chase & Co's first-quarter profits out of the funk of late 2011, but the recovery fell short of the good times the largest U.S. bank enjoyed a year ago.
Inflation outpaces earnings, threatens spending
WASHINGTON (Reuters) - Consumer prices rose modestly in March amid signs a spike in gasoline costs was ebbing, but inflation still outpaced workers' earnings and threatened to undermine spending.
Apple rejects e-book pricing collusion charge
(Reuters) - Apple Inc has rejected the U.S. Justice Department's allegations that it colluded with publishers over electronic book pricing, calling the charges "simply not true."
Murdoch's Times faces email hacking damages claim
LONDON (Reuters) - Rupert Murdoch's Times of London is facing a claim for exemplary damages after admitting hacking into the email of an anonymous police blogger to expose his identity, lawyer Mark Lewis told Reuters on Friday.
Goldman Sachs CEO gets $16.2 million pay package
(Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein's compensation increased 14.5 percent to $16.2 million in 2011 despite a sharp decline in profits and share price during the year, leaving the bank open to more attacks on its pay policies.
U.S. sees long-term profit on financial rescue
WASHINGTON (Reuters) - The U.S. Treasury Department said on Friday that the many programs that it, the Federal Reserve and banking authorities implemented during the darkest hours of the 2007-2009 financial crisis likely will end up making a profit for taxpayers.
Next wave of Merrill departures seen legacy BofA brokers
NEW YORK (Reuters) - Hundreds of legacy Bank of America brokers may form the next wave of departures from Merrill Lynch after many recently pocketed their retention bonuses, recruiters and former brokers say.
Wells Fargo profit rises, but expense concerns weigh
(Reuters) - A surge in mortgage banking income helped lift Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concerns that the bank is falling behind on its drive to cut expenses.
P&G raising dividend by 7 percent
(Reuters) - Procter & Gamble Co said on Friday it will raise its quarterly dividend by 7 percent, after raising it 9 percent a year ago.