BC-Business News Digest

MARKETS & ECONOMY

WALL STREET WEEK AHEAD

NEW YORK ⿿ Making a killing on initial public offerings used to be easy. At the peak of the technology boom, little more than a decade ago, a plentiful supply of companies vied to sell stock on the exchanges, and investors were assured mouthwatering returns. These days, the deals are fewer and the returns more modest. Companies are set to raise more than $45 billion through IPOs this year, the most since 2007. But scratch the surface and the market is less healthy than it appears. By Steve Rothwell. For use anytime.

INDUSTRY

MASSACHUSETTS GAS EXPLOSION

SPRINGFIELD, Mass. ⿿ A natural gas explosion that injured 18 people and damaged 42 buildings in Springfield's entertainment district was blamed Sunday on a utility worker who accidently punctured a high-pressure pipeline while looking for a leak.

AP Photos.

TECHNOLOGY & MEDIA

BOX OFFICE

LOS ANGELES ⿿ Bella Swan, James Bond and Abe Lincoln have combined to lift Hollywood to record Thanksgiving revenue at the box office.

AP Photos.

INTERNATIONAL

EGYPT

CAIRO ⿿ Supporters and opponents of Egypt's president on Sunday grew more entrenched in their potentially destabilizing battle over the Islamist leader's move to assume near absolute powers, with neither side appearing willing to back down as the stock market plunged amid the fresh turmoil.

AP Photos

EUROPE-FINANCIAL CRISIS

A top European Central Bank official says he hopes eurozone countries will clear the way Monday for Greece to receive its next aid installment, stressing that a deal will require movement from all involved. Eurozone finance ministers are trying to reach a deal after failing last week.

CLIMATE TALKS

DOHA, Qatar ⿿ As nearly 200 countries meet in oil-and-gas rich Qatar for annual talks starting Monday on slowing global warming, one of the main challenges will be raising climate aid for poor countries at a time when budgets are strained by financial turmoil. By Karl Ritter

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