Wednesday, December 3, 2008

Afternoon Update: Ex-U.S. Official Cites Pakistani Training for India Attackers

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  Wednesday, December 3, 2008
  Compiled 4 PM E.T.
 
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Ex-U.S. Official Cites Pakistani Training for India Attackers
By ERIC SCHMITT and SOMINI SENGUPTA
American intelligence has concluded that former Pakistani military and intelligence officers helped train the Mumbai attackers, a former Pentagon official said.

Conservatives Expected to Split Episcopal Church
By LAURIE GOODSTEIN
Conservatives disaffected over the ordination of an openly gay bishop are prepared to create a competing province.

Obama Names Richardson as Commerce Secretary
By BRIAN KNOWLTON
Barack Obama denied that the job was a “consolation” prize for Bill Richardson, considered a candidate to be secretary of state.

U.A.W. Says It Would Consider Modifying Contract
By NICK BUNKLEY
The union’s president said it would suspend its jobs bank and let carmakers delay a health-care fund payment.

Afghanistan Says It Will Sign Cluster Bomb Treaty
By WALTER GIBBS and KIRK SEMPLE
In a surprising reversal, the government of Afghanistan agreed to sign a treaty that the U.S. has rejected.

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BUSINESS

Lead Director Pins G.M.’s Hopes on Federal Rescue
By BILL VLASIC
G.M.’s lead outside director said that the board is behind the chief and does not consider bankruptcy an option.

German Automakers Brace for a Slowdown
By CARTER DOUGHERTY
As carmakers take steps to reduce inventories, an auto official has even raised the sensitive issue of potential layoffs.

Harvard Endowment Loses 22%
By GERALDINE FABRIKANT
University officials have been told to expect a 30 percent drop in the endowment’s value because of the financial turmoil.

Fed Report Shows Market Downturn After October Shocks
By MICHAEL M. GRYNBAUM
The economic downturn took a turn for the worse after the market shocks in October, and in November the problems only became worse, according to the Fed’s “beige book.”

Sharp Slowdown in Services Sector in November
By THE ASSOCIATED PRESS
In another report, worker productivity slowed in the summer while wage pressures increased.

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