AP IMPACT: SUPERSTORM-PROTECTING THE LANDNEW YORK â¿¿ Inside tunnels threading under a Houston medical campus, 100 submarine doors stand ready to block invading floodwaters. Before commuters in Bangkok can head down into the city's subways, they must first climb three feet of stairs to raised entrances, equipped with flood gates. In Washington, D.C., managers of a retail and apartment complex need just two hours to activate steel walls designed to hold back as much as a 17-foot rise in the Potomac River. If metropolitan New York is going to defend itself from surges like the one that overwhelmed the region during Superstorm Sandy, decision makers can start by studying how others have fought the threat of fast-rising water. And they must accept an unsettling reality: there's no single cure-all. By National Writer Adam Geller. AP photos, interactive. With: SUPERSTORM-LOWER MANHATTAN NEW YORK â¿¿ The hum of massive mobile generators, boilers and pumps emerges blocks from Manhattan's Financial District and turns into a steady din south of Wall Street â¿¿ the now-familiar sound of an area laboring to recover from Superstorm Sandy. "There were waves on Wall Street, and it all ended up here," says a building engineer who rode out the storm. Far away from other more spectacularly damaged areas, some of the high-rises that are home to investment banks, large law firms and luxury apartments have bounced back quickly. But others buildings remain eerily dark and vacant. By Tom Hays. AP photos. BANGLADESH-FACTORY FIRE DHAKA, Bangladesh â¿¿ The fire alarm: Waved off by managers. An exit door: Locked. The fire extinguishers: Not working and apparently "meant just to impress" inspectors and customers. That is the picture survivors paint of the garment-factory fire Saturday that killed 112 people who were trapped inside or jumped to their deaths in desperation. For Bangladesh, where such factories commonly ignore safety as they rush to produce for retailers around the world, the tragedy was unusual only in scope: More than 200 people have died in garment-factory fires in the country since 2006. About 15,000 Bangladeshi workers protested blocks from the gutted fire Monday, demanding justice for the victims and improved safety. By Farid Hossain and Julhas Alam.
AP photos, video, audio.MARKETS & ECONOMY: ANTI-TAX MAN WASHINGTON â¿¿ For decades, conservative lobbyist Grover Norquist vowed to drive Republicans out of office if they didn't pledge to oppose tax increases. Many signed on, but now, several senior Republican lawmakers are breaking ranks, willing to consider raising more money through taxes as part of a deal with Democrats and the White House to avoid a catastrophic budget meltdown. By Philip Elliott. AP photos. With: â¿¿FISCAL CLIFF-OBAMA â¿¿ White House economists warn that the uncertainty of a potential hike in taxes next year for middle class taxpayers under the looming fiscal cliff could hurt consumer confidence during the crucial holiday shopping season. â¿¿FISCAL CLIFF-SPECIAL PLEADINGS â¿¿ Fiscal compromise is fine â¿¿ for us, not them, say interest groups lobbying to protect favorable provisions. An Influence Game story. AP photos. â¿¿ WARREN BUFFETT-TAXESâ¿¿ Billionaire Warren Buffett is again calling for higher taxes on the "ultra-rich" and he's urging Congress to compromise on spending cuts and tax increases. WALL STREET NEW YORK â¿¿ Wall Street comes back to work after the Thanksgiving weekend and faces leftover worries about the "fiscal cliff" and the European debt crisis. Stocks retreat after one of their best weeks of the year. By Business Writer Christina Rexrode. AP photos. â¿¿ OIL PRICES â¿¿ The price of oil dips to below $88 per barrel. CLIMATE TALKS DOHA, Qatar â¿¿ The U.S. defends its track record on fighting climate change at U.N. talks, saying it's making "enormous" efforts to slow global warming and help the poor nations most affected by it. Other countries have accused Washington of hampering the climate talks ever since the Bush administration abandoned the Kyoto Protocol, the 1997 treaty limiting emissions of heat-trapping gases by industrialized countries. As negotiators meet for a two-week session in oil and gas-rich Qatar, U.S. delegate Jonathan Pershing suggests that America deserves more credit. By Karl Ritter.
AP photos.TWELVE DAYS COST PITTSBURGH â¿¿ If your Christmas shopping list includes seven swans, six geese, and five golden rings, expect some sticker shock this year. Prices for all those gifts have spiked this year, so purchasing every item mentioned in the carol "The Twelve Days of Christmas" now costs $107,300. That's a 6.1 percent spike over last year. By Kevin Begos. With: â¿¿ TWELVE DAYS-COST-GLANCE â¿¿ Cost of "12 Days of Christmas" items. AUTO LOANS-LATE PAYMENTS, HFR LOS ANGELES â¿¿ The rate of late payments for U.S. auto loans increased slightly in the third quarter, reflecting a seasonal uptick as some consumers fell behind while boosting spending on back-to-school shopping and other needs. The rate remained near the lowest level in more than a decade, according to credit reporting agency TransUnion. By Alex Veiga. Eds: The story may not be published, broadcast or posted online before 12:01 a.m. EST on Tuesday. â¿¿ INTRADE-CHARGES â¿¿ U.S. regulators are suing the Intrade predictions market, saying it illegally let customers bet on future economic data, gold prices and other events. INDUSTRY: INSIDER TRADING ARREST NEW YORK â¿¿ A former hedge fund portfolio manager accused of enabling a quarter of a billion dollars in profits by passing along inside information in one of the largest insider trading fraud cases in history appears in a Manhattan court for the first time and is released on $5 million bail, though his movements are restricted. By Larry Neumeister. AP photos. â¿¿ LEHMAN BROTHERS-ARCHSTONE ENTERPRISE â¿¿ Lehman Brothers Holdings Inc.'s bankruptcy estate is selling apartment-building owner Archstone Enterprise LP in a $6.5 billion cash and stock deal. â¿¿ CONOCOPHILLIPS-ASSET SALE â¿¿ ConocoPhillips is selling a minority interest in drilling sites off the coast of Kazakhstan for about $5 billion as it continues to downsize. â¿¿ BRITAIN-UBS â¿¿ Britain's financial regulator fines Swiss bank UBS $48 million for failures which allowed a rogue trader to lose $2.3 billion.
â¿¿ ONEX-ACQUISITION â¿¿ Canadian private equity firm Onex is buying U.S. insurance broker USI for $2.3B from a Goldman Sachs fund.â¿¿ ITALY-FIAT INDUSTRIAL â¿¿ The Italian heavy-duty vehicles company Fiat Industrial reaches a merger agreement with its U.S. subsidiary, the farm machine maker CNH. TECHNOLOGY & MEDIA: YAHOO-STOCK SAN FRANCISCO â¿¿ Yahoo's shares touch $19, the first time they have traded that high in more than two and half years. The latest gains extend a rally that has been gaining momentum in recent weeks as Yahoo Inc. buys back its own stock and more investors bet on CEO Marissa Mayer's ability to turn around the long-struggling company. By Technology Writer Michael Liedtke. â¿¿ MCGRAW-HILL-APOLLO â¿¿ McGraw-Hill is selling its education business to private equity firm Apollo Global Management for $2.5 billion. DUBAI-INTERNET CONFERENCE DUBAI, United Arab Emirates â¿¿ An upcoming U.N. gathering that will seek agreements on Internet oversight is raising alarms from a broad coalition of critics â¿¿ including the U.S., Google and rights groups â¿¿ concerned that changes could lead to greater efforts to censor Web content and stifle innovation in cyberspace. Tucked into more than 1,300 proposals are potential hot-button items that opponents believe could be used by in places such as Iran and China to justify their crackdowns on bloggers and other restrictions. AP photo. â¿¿ SKOREA-SAMSUNG-CHINA LABOR â¿¿ Samsung says its audit of Chinese suppliers found illegal labor practices such as excessive overtime. INTERNATIONAL: BRITAIN-BANK OF ENGLAND LONDON â¿¿ The British government has chosen Mark Carney, a Canadian, to become governor of the Bank of England, the first time a foreigner has been tapped for the position since the central bank was founded in 1694. By Robert Barr and Rob Gillies. EUROPE-FINANCIAL CRISIS BRUSSELS â¿¿ Greece is on its way to getting the next installment of its much-needed bailout loans after finance ministers from the 17 European Union countries that use the euro agreed on a program to reduce the country's debt. By Don Melvin and Raf Casert.
AP photos.CHINA-WEN FAMILY FORTUNE HONG KONG â¿¿ A New York Times investigation showing that Chinese Premier Wen Jiabao's family made a fortune from investing in Ping An Insurance after it lobbied him to waive rules requiring a breakup draws a denial from the insurer. By Business Writer Kelvin Chan. â¿¿ GERMANY-ECONOMY â¿¿ Survey shows German consumers slightly less confident amid eurozone crisis woes. â¿¿ FRANCE-STEEL SPAT â¿¿ France's new government minister for industrial recovery says he wants international steel giant ArcelorMittal out of the country, accusing the company of "lies." â¿¿ NETHERLANDS-ING â¿¿ ING says it has repaid the Dutch state â¿¬1.1 billion. ING still owes a final â¿¬1.2 billion, plus interest, from its â¿¬10 billion bailout in 2008. â¿¿ IRAN-ECONOMY â¿¿ Iran is planning to build new oil storage facilities so it can store more of the fuel it is having a hard time selling due to Western sanctions over its disputed nuclear program. ______ A sampling of Money & Markets modules is below. The full digest for AP's Money & Markets service can be found at markets.ap.org. For questions about Money & Markets content, please contact Trevor Delaney (800-845-8450, ext. 1807). For technical support: Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help. CENTERPIECE Mmm Mmm Good? Campbell Soup wants to heat up its image. After years of lukewarm sales, the company is rolling out dozens of new soups and sauces to attract a new generation of customers. A look at Campbell's soup and what investors should know about its efforts to capture market share. COMPANY SPOTLIGHT Earnings growth in 2013 UnitedHealth Group, the nation's largest health insurer, predicts 5 percent earnings growth in 2013.