|Friday, December 14, 2012|
Dec 14, 2012
December 14, 2012
By MICHAEL D. SHEAR
Fighting back tears, President Obama declared that the hearts of Americans were "broken" in the wake of the shootings in Connecticut and he said the country must "come together to take meaningful action" to prevent future tragedies.
By MARK LANDLER
In withdrawing her name, Susan E. Rice, the ambassador to the United Nations, removed a major source of tension between the White House and Congressional Republicans.
This feature follows the talks between President Obama and Congressional leaders over the so-called fiscal cliff.
December 14, 2012
Compiled 21:52 GMT
Compiled 21:52 GMT
By JOSEPH GOLDSTEIN and WILLIAM K. RASHBAUM
The gunman walked into a Connecticut school where his mother was a teacher. He shot and killed her and then shot 20 students, law enforcement officials said.
By JODI RUDOREN
Foreign Minister Avigdor Lieberman resigned on Friday after being charged with fraud and breach of trust, in a move that could have repercussions for next month's elections.
By THOM SHANKER and MICHAEL R. GORDON
Defense Secretary Leon E. Panetta on Friday ordered the deployment of 400 military personnel and two Patriot air defense batteries to Turkey as its cross-border tensions intensify with Syria.
Room for Debate
Can you really celebrate Christmas and Hanukkah without paying tribute to God?
By C.J. CHIVERS
Amar al-Dadikhi, commander of the North Storm brigade, said that he would free his hostages if the Syrian government released two prominent opposition figures and if Lebanon freed all Syrian activists in government custody.
The Lede Blog
By ROBERT MACKEY
Two Palestinian journalists working for Reuters were punched by Israeli soldiers as they tried to reach the scene of a fatal shooting at a West Bank checkpoint this week.
By THE ASSOCIATED PRESS
A man injured 22 children and one adult outside a primary school in Henan Province, the latest in a series of periodic rampage assaults against Chinese schoolchildren.
Friday, December 14, 2012
Week in Review: Rate-Rigging Scandal Keeps Growing The rate inquiry escalated. | Chinese companies shopped abroad. | The Deal Professor called for the S.E.C. to re-examine old regulations. | DealBook's special section examined business between worlds. | HSBC agreed to pay nearly $2 billion to settle charges over laundering. | Mongolia's investment prospects dimmed. | The U.S. Treasury sold its A.I.G. shares. | Amgen said it would buy a firm working on gene links to diseases.
A look back on our reporting of the past week's highs and lows in finance.
Three Arrested in Libor Investigation British authorities have arrested three men in connection with a rate-rigging inquiry, including Thomas Hayes, a former trader at Citigroup and UBS.
Deutsche Bank Says Earnings Will Be Weak A day after prosecutors raided its headquarters in a tax-evasion investigation, Deutsche Bank disclosed that earnings would be weak, but called it "guidance" rather than a "profit warning."
Top Deutsche Bank Executives Caught Up in Tax Evasion Inquiry Investigators are trying to determine whether Jürgen Fitschen, co-chief executive of Deutsche Bank, and Stefan Krause, the chief financial officer, played a role by signing certain tax forms.
Guilty Plea for One of Julian Robertson's 'Tiger Cub' Funds Bill Hwang, once a star at Tiger Management, entered a guilty plea on behalf of his fund, Tiger Asia, admitting to wire fraud by the firm.
When Wall Street Investors Favor Performance Over Ethics Another former employee of SAC Capital Advisors has been accused of insider trading, but investors don't seem to mind, as they continue to put money into the hedge fund in search of great returns.
HSBC to Pay $1.92 Billion to Settle Money Laundering Charges HSBC, the British banking giant, was accused of transferring billions of dollars for sanctioned nations and facilitating Mexican drug cartels to launder tainted money, among other offenses.
HSBC to Pay $1.92 Billion Fine to Settle Charges Over Laundering The announcement of a settlement on Tuesday came after state and federal authorities decided against indicting the British bank in a money-laundering case.
Wall Street Is Bracing for the Dodd-Frank Rules to Kick In Regulators are putting the final touches on a sprawling regulatory overhaul, leaving lawyers and compliance officials to steer banks through the new era.
Deconstructing Dodd-Frank Since the law was passed in 2010, banks and other financial institutions have sought to tone down the most onerous aspects, fearful of the threat to their businesses and their bottom line.
When Looking at Job Numbers, Add In a Changing America With growth in the American labor force slowing, in part because of demographic changes, the usual measures may not give an accurate picture of the economy's health.
Not All Companies Would Welcome a Lower Tax Rate Lawmakers on both sides of the aisle have shown an interest in reducing taxes for businesses, but there are many complications.
An Architect of Wall Street Reform Prepares for Life After Politics Representative Barney Frank says getting the Dodd-Frank Act passed was his hardest-fought battle in more than 30 years in Congress.
3 Unorthodox Ways to Solve Europe's Debt Crisis Solutions to Europe's sovereign debt crisis are mostly tried and true. Here are three plans that aren't bound by the policy makers' current orthodoxy.
Federal Regulators Stay on the Full-Court Press Expect prosecutors, aided by a steady of stream of whistle-blowers, to focus on violations that involve hedge funds and foreign bribery.
Challenging London as Europe's Financial Capital Proposals aimed at shifting power to rivals like Frankfurt and Paris reflect concerns that so much trading in the euro is done in a country that does not use the currency.
A Cooperative Approach on 'Too Big to Fail' Banks Regulators in the United States and Britain are cooperating on measures that might be used to seize an ailing financial company with global business.
Quick Defense in Insider Trading Trial of 2 Hedge Fund Managers Defense lawyers for Anthony Chiasson, a co-founder of the now-defunct Level Global Investors, and Todd Newman, a former portfolio manager at Diamondback Capital Management, called just two witnesses before resting their case.