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Jun 27, 2012

NYT Global Update | Top News: In Brazen TV Raid, Syria and Rebels Differ Over Attackers

Global Update



TOP NEWS

In Brazen TV Raid, Syria and Rebels Differ Over Attackers

By ROD NORDLAND, NICK CUMMING-BRUCE and ALAN COWELL
Syria said that rebels stormed a pro-government television station, but opposition fighters said the attackers were in fact defectors from the loyalist Republican Guard.
DealBook

Barclays to Pay Over $450 Million in Regulatory Deal

By BEN PROTESS and MARK SCOTT
The British bank struck a deal to resolve accusations that it tried to manipulate key interest rates, the first settlement in a sprawling global investigation.
Euro Watch

Merkel Refuses to Yield on Eve of Summit Meeting

By STEPHEN CASTLE
As pressure mounted from other European leaders, Angela Merkel, the German chancellor, reiterated that she would oppose greater burden-sharing without a stronger political framework.
Movies

Nora Ephron | 1941-2012

Writer and Filmmaker With a Genius for Humor

By CHARLES McGRATH
Among Ms. Ephron's best-known films were "When Harry Met Sally...," "Sleepless in Seattle" and "Julie & Julia."
Opinion

Latitude

Surviving Spain's Rush to Ruin

By JONATHAN BLITZER
Those implicated in Spain's economic meltdown have rebranded themselves as exponents of financial responsibility. This is rhetorical bait and switch.
WORLD

Afghan Rape Case Turns Focus on Local Police

By ALISSA J. RUBIN
A young woman's accusation of rape and abduction against a local police unit highlights persistence of tribal custom, the fragility of newly legislated protections for women, and the power of armed men.

Macau Gambling Figure Is Beaten in His Own Casino

By KEITH BRADSHER and NEIL GOUGH
The high-profile attack on investor Ng Man-sun by by six men bore all the signs of an attack by triads, or Chinese criminal societies, experts said.

Queen Elizabeth Shakes Hands With Former I.R.A. Commander

By DOUGLAS DALBY and ALAN COWELL
The gesture was a remarkable sign of reconciliation for both figures, since the queen is the titular head of Britain's armed forces - the sworn enemy of the Irish Republican Army.
BUSINESS

Google Tries Something Retro: Made in the U.S.A.

By JOHN MARKOFF
Etched into the base of Google's wireless Nexus Q home media player is its most intriguing feature.

Prescription Drug to Aid Weight Loss Wins F.D.A. Backing

By ANDREW POLLACK
Belviq is the first new prescription diet pill in 13 years to get Food and Drug Administration approval.

Euro Zone Riddled With Shaky Banks

By JACK EWING and DAVID JOLLY
Spain and Cyprus may be the current locus of European anxiety, but many other banks are in a weakened state, cut off from money markets because investors do not trust them.
TECHNOLOGY

Sweeping Effects as Broadband Moves to Meters

By BRIAN STELTER
Broadband companies are moving toward a strategy called usage-based billing, which will charge tiers of pricing based on how much people use their Internet at home.

In European Court, a Small Victory for Microsoft

By JAMES KANTER
A European Union court on Wednesday upheld a 2008 decision to impose a penalty on Microsoft for violating antitrust laws but said it had been calculated improperly.

U.S. Judge Orders Halt to Samsung Sales of Galaxy Tab

By THE ASSOCIATED PRESS
A judge late Tuesday ordered Samsung Electronics Co. to halt sales of its Galaxy 10.1 tablet computer while the court considers Apple's claim the South Korean tech giant illegally copied the design of the popular iPad.
SPORTS

Measuring the Preciseness of Service Speed

By CHRISTOPHER CLAREY
With fluctuating speeds and a pecking order, statistics are hard to pinpoint.

Two Players Control the Fate for Italy and Germany

By ROB HUGHES
Andrea Pirlo and Mesut Ozil will be the key players to watch when Italy and Germany meet in their Euro 2012 semifinal on Thursday.
On Soccer

Spain Deserves Appreciation, Not Criticism

By ROB HUGHES
Critics are piling on Spain for its tactics, but the statistics speak loud and clear: The team has not lost yet, and it has scored eight goals, while conceding only one.
U.S. NEWS

Helpful Hands on Life's Last Segregated Journey

By KIM SEVERSON
When a black person dies in one of the rural counties around Madison, Ga., chances are the body will end up in the hands of Charles Menendez.

Supporters Slow to Grasp Health Law's Legal Risks

By PETER BAKER
Early confidence in the law's constitutionality, based on Supreme Court precedents, proved to be a miscalculation that put the White House on the defensive as its legal strategy evolved over the last two years.

With Wild West Spirit, Tombstone Fights for Its Water

By FERNANDA SANTOS
When the government placed restrictions on repairs to pipes on federal land, a volunteer posse set out to do the work by hand and make a point about a storied Arizona town.
OPINION
Op-Ed Contributor

Turning Back or Moving On?

By ALAN RIDING
The party that corruptly ran Mexico until 2000 may be voted back to power on Sunday. But can the PRI change its spots?
Op-Ed Columnist

The Fear Factor

By THOMAS L. FRIEDMAN
The Arab awakenings happened because the Arab peoples stopped fearing their leaders, but they stalled because the Arab peoples still fear each other.
Op-Ed Contributor

Arguing, Learning, Waiting

By GORDON MATHEWS
My students are Muslim and Christian men, well-educated and caught in the asylum-seeking process in Hong Kong.

NYT Afternoon Business News: Google Tries Something Retro: Made in the U.S.A.





BUSINESS

Google Tries Something Retro: Made in the U.S.A.

By JOHN MARKOFF
Etched into the base of Google's wireless Nexus Q home media player is its most intriguing feature.

Euro Zone Riddled With Shaky Banks

By JACK EWING and DAVID JOLLY
Spain and Cyprus may be the current locus of European anxiety, but many other banks are in a weakened state, cut off from money markets because investors do not trust them.
Euro Watch

Merkel Refuses to Yield on Eve of Summit Meeting

By STEPHEN CASTLE
As pressure mounted from other European leaders, Angela Merkel, the German chancellor, reiterated that she would oppose greater burden-sharing without a stronger political framework.

Airbus Said to Plan First U.S. Plant

By NICOLA CLARK
The European plane maker is expected to build its first assembly line in the United States in Mobile, Ala., in a bid to win market share in the United States.

DealBooK | DealB%K Afternoon Edition | Highlights: The Trade: Challenging the Long-Held Belief in 'Shareholder Value


Wednesday, June 27, 2012


TOP STORY
S.E.C. Files Civil Charges Against Falcone
S.E.C. Files Civil Charges Against Falcone The Securities and Exchange Commission alleged that Philip A. Falcone took a loan from his firm and gave preferential treatment to Goldman Sachs.
  • DEALBOOK »
  • DEALBOOK HIGHLIGHTS
    The Trade: Challenging the Long-Held Belief in 'Shareholder Value' Jesse Eisinger of ProPublica examines a book from Lynn A. Stout, a professor at Cornell Law School, who says the idea that companies should be run for the sole purpose of returning value to shareholders has worked out horribly.
    The Things Traders Say Regulators quote e-mails between traders and those who submitted rate information as part of settlements with Barclays.
    Buffett Joins Bon Jovi in a Song for Charity The Berkshire Hathaway chairman gives his ukulele a workout in a duet with Jon Bon Jovi, just six months after a breakout performance celebrating the Chinese new year.
    Tile Shop to Go Public in Merger With 'Blank Check' Company Under the terms of the deal, Tile Shop will merge with the JWC Acquisition Corporation, a special purpose acquisition company formed under the auspices of the private equity firm J.W. Childs, in a transaction valued at about $500 million.
    Barclays to Pay Over $450 Million in Regulatory Deal The British bank struck a deal to resolve accusations that it tried to manipulate key interest rates, the first settlement in a sprawling global investigation.
    Glencore's $24 Billion Deal for Xstrata Under Threat The plan is on the rocks because of mounting opposition to executive pay, and because of a request by Qatar Holding, which is one of Xstrata's largest shareholders, for the bid to be increased.
    LOOKING AHEAD
    Economic Reports Data released on Thursday will include weekly jobless claims and first-quarter gross domestic product (final).
    Corporate Earnings Companies scheduled to report results on Thursday include Nike and Research in Motion.
    In the United States A House Financial Services subcommittee will hold a hearing on the effect of regulation of housing appraisals on consumers and businesses. The House Ways and Means Committee will conduct a hearing about tax reform and the tax treatment of capital gains. A House Financial Services subcommittee will hold a hearing on fractional reserve banking and the Federal Reserve.
    Overseas European Union leaders will gather for a summit meeting in Brussels on Thursday and Friday.

    DealBook Video
    Business Day Live: Merkel Refuses to Yield
    Business Day Live: Merkel Refuses to Yield European leaders put pressure on Angela Merkel over debt. The cable industry's efforts to put a meter on your broadband bill. What happens if News Corporation splits up.
     


Stocks and Markets in the News | Wall Street at Close:

U.S. Markets

Wednesday’s biggest gaining and declining stocks MarketWatch’s daily rundown of U.S. stocks making sizable moves.


Google’s Nexus, Facebook’s losses spur tech action Technology stocks close higher, with Google Inc. rising after it unveiled its Nexus 7 tablet, but Facebook Inc. fails to join the rally after its IPO underwriters initiated coverage with mixed reports on the social-networking giant.


U.S. stock indexes rise on domestic data U.S. stocks extend gains into a second day, with investors cheering domestic economic data and a respite from headlines from Europe. 

U.S. Markets Headlines

Facebook Founder and CEO Mark Zuckerberg, shown in this image from Reuters video, rings the NASDAQ Stock Market Opening Bell remotely from
Facebook underwriters take mixed view Facebook’s IPO underwriters kicked off coverage of the social network on Wednesday, with a relatively even split between buy and neutral ratings.

U.S. stocks end higher for second day NEW YORK (MarketWatch) -- U.S. stocks on Wednesday rose for a second day, with the Dow stringing together its first two-day winning run in more than a week after positive economic data. "Most of the housing data has been another source of positive news, meeting or often beating expectations by a little bit and showing a troubled area of the economy shoring up and becoming healthier again," said Bruce McCain, chief investment strategist at Key Private Bank. The Dow Jones Industrial Average added 92.34 points, or 0.7%, to 12,627.01. The S&P 500 rose 11.87 points, or 0.9%, to 1,331.85. The Nasdaq Composite climbed 21.26 points, or 0.7%, to 2,875.32.


A technician opens a pressure gas valve inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of the western Indian city of Ahmedabad in this March 2, 2012 file photo. India is not making life easy for itself as it looks to sell-off stakes in state companies to help plug a yawning budget gap, with New Delhi's own policies battering sentiment towards government enterprises even as it readies more for market. To match story INDIA/DIVESTMENT REUTERS/Amit Dave (INDIA - Tags: BUSINESS ENERGY) - Reuters
Oil ends higher after supply, macro data Crude-oil futures end higher Wednesday after a weekly U.S. supply report showed a smaller-than-expected decline in inventories but macroeconomic data was supportive.

A one Euro coin is placed over one dollar notes in this illustrative photograph taken in Madrid November 17, 2011. European shares extended falls on Thursday, led by banks, as euro zone sovereign bond yields rose ahead of Spanish and French debt auctions, on worries of further contagion in the currency bloc's debt crisis. REUTERS/Sergio Perez (SPAIN - Tags: BUSINESS POLITICS) - Reuters
Dollar gains as hopes fade for EU summit The dollar climbs as European Union leaders’ comments on the eve of their summit dash hopes that the meeting will yield solutions to the region’s debt crisis.
 
A collection of United States debt certificates. -
Treasurys edge up in pre-EU summit malaise Treasury prices turn lower after a report shows U.S. orders for durable goods left analysts unexcited about the prospects for economic growth.
3:16 p.m. Today
ServiceNow IPO to come amid Facebook hangover Cloud-based software company seen as strong candidate to revive appetite for public stock debut offerings
2:51 p.m. Today
 
One kilogram gold bars are seen in this picture illustration taken at the Korea Gold Exchange in Seoul August 9, 2011. Bullion gained more than 3 percent on Tuesday, roaring to all-time highs for a second consecutive session to stand above $1,770 as equity markets dived on growing fears of a global recession following last week's U.S. credit downgrade. Speculators resisted the temptation to cash in on gold's rise as Asian stock markets plunged and the Swiss franc held near a record high after investors fled riskier assets on fears that political leaders are unable to tackle debt crises in Europe and the United States. REUTERS/Jo Yong-Hak (SOUTH KOREA - Tags: BUSINESS) - Reuters
Gold futures inch higher on summit’s eve Gold wavers between small gains and losses, as a big pop in price and volumes just before the U.S. equities open proves to be short-lived, and as investors continue to look ahead to a summit of European leaders.
2:45 p.m. Today
 
Bob Diamond, CEO of Barclays bank, looks on ahead of the FA Cup final soccer match between Chelsea and Liverpool at Wembley Stadium in London, May 5, 2012. Reuters/Eddie Keogh (BRITAIN - Tags: SPORT SOCCER BUSINESS) - Reuters Financials up on Goldman, JPM, housing Sector appears to take lead from surging home building sector on positive data.
2:43 p.m. Today

CBS NEWS | Political Hotsheet Top Stories: Romney campain buys "superfan" new truck

The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
Mitt Romney campaign replaces truck of Jim Wilson, who's been following campaign around country
Read full story
Romney campain buys

Congress tentatively reaches student loan deal House could vote on bill to extend low student loan interest rates by Friday, but details still need to be resolved

Biden blasts Romney over energy tax credits Vice president also mocks candidate on "outsourcing" versus "offshoring"

Poll: Romney loses advantage on economy in swing states Romney appears to have lost his advantage on the key issue of the economy in three swing states -- at least for now

GOP senator: Defense cuts will New Hampshire Republican Senator Kelly Ayotte warns that cuts would result in the loss of over one million jobs and "undermine the capability" of the military

BIV Today's Business News: MDA acquires U.S. satellite provider for US$875 million




Technology

MDA acquires U.S. satellite provider for US$875 million

Richmond-based MacDonald, Dettwiler and Associates Ltd. (TSX: MDA) announced this morning that it has acquired 100% of Space Systems/Loral, Inc.

Education and Research

 

Teachers reach tentative agreement with government

The BC Teachers' Federation (BCTF) has signed a tentative contract agreement with the government's bargaining agent, the BC Public School Employers' Association, and recommended its ratification to all members.

Mining and Energy

Vancouver potash company to buy Regina wastewater

Western Potash Corp. (WPX:TSX) will pay the City of Regina $200 million over 45 years for treated wastewater to be used at a new potash mine south of the Prairie capital.

Transportation

   
 

New signs tell motorists wait times for border crossings

Fraser Valley residents heading to the U.S. to shop will still have to wait in line at the border, but at least they’ll know in advance how long the wait may be, thanks to a new electronic display sign on Highway 1.

Rare Porsche sells for more than $400,000

Urban Garage, a West Vancouver luxury and high-performance car dealer, recently went to great lengths to bring a rare 1973 Porsche 911RS to the West Coast from New York. But don’t bother reaching for your wallet – the collector’s item has already sold for more than US$400,000. 

Film and Entertainment

Producer participants announced for CFC GO WEST Project Lab

Five producers from across Canada have been selected to participate in the sixth annual CFC GO WEST Project Lab.