The secrecy around Mayor Michael R. Bloomberg’s selection of Cathleen P. Black to run the city’s schools highlighted his faith in business leaders and dislike of public debate.
Starting Thursday, Wal-Mart plans to offer free shipping on its Web site, a move that may create an expectation among consumers and a threat to smaller retailers.
AP - Rebekah Brooks, the loyal lieutenant of Rupert Murdoch, resigned Friday as chief executive of his embattled British newspapers, becoming the biggest casualty so far in the phone hacking scandal at a now-defunct Sunday tabloid.
AP - Negotiations to increase the nation's debt ceiling shifted to Congress where Republican and Democratic leaders were assessing the mood of their members even as an intricate but potentially face-saving deal to avoid an unprecedented government default was taking shape in the Senate.
AP - President Barack Obama's decision to haul lawmakers in day by day to negotiate a debt deal comes down to reality: He has no other choice. The president has essentially cleared his agenda to deal with one enormous crisis.
Rebekah Brooks, ex-News of the World editor and chief executive of News International, quits in the wake of the UK phone-hacking scandal, News International said.
No formal negotiations to achieve a deficit reduction deal are planned for Friday, but President Obama will have a news conference Friday morning to offer an update.
With tempers near a boiling point and the risk growing that the United States could default on its debt obligations, it is time for a truce in the budget talks in Washington -- essentially a cease-fire in place.
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