Originally published on Sun November 25, 2012 8:58 am
After a week of bloodshed, Israel and fighters in the Hamas-controlled Gaza Strip agreed to "hold fire" beginning at 2 p.m. ET today, Egyptian Foreign Minister Mohamed Kamel Amr announced at a joint news conference this afternoon with Secretary of State Hillary Rodham Clinton.
Egypt had been trying to broker a truce to end the exchange of rockets and air strikes between Israel and militants in Gaza.
We'll post more on the agreement, which was announced at 12:35 p.m. ET., as the story develops.
NPR's business news starts with a costly misstep by HP.
The California-based technology giant is writing down an $8.8 billion loss. CEO Meg Whitman says much of that comes from new revelations about Autonomy, a software company HP bought last year. She says the company lied about the state of its finances. HP plans to sue, and has asked authorities in both the U.S. and the U.K. to investigate. Transcript provided by NPR, Copyright National Public Radio.
In Washington, lawmakers are trying to work out a deal to keep the economy from going over the fiscal cliff. Many economists predict those automatic tax hikes combined with deep spending cuts set to go into effect on New Year's Day would throw the economy back into recession.
A group of top CEOs has been urging lawmakers to reach a deal to keep that from happening. Mark Bertolini is one of them. He's CEO of the health insurer Aetna and he said tax increases are as important as spending cuts. We called him to talk more.
Afghan officials welcomed the release of Taliban prisoners by Pakistan in an attempt to jump-start a shaky peace process with the militant group. But many Afghans are wondering about the timing and the motive. They say mistrust born of decades of duplicity won't vanish with a few declarations or small gestures.
Secretary-General of the Afghan High Peace Council Mohammad Stanekzai was part of the delegation that recently traveled to Pakistan to discuss how the countries can cooperate and bring the Taliban to the negotiating table.
There has been a small but potentially important breakthrough in the faltering Afghan peace process. In what is considered a good-faith gesture, Pakistan last week released at least nine Afghan Taliban prisoners. The move is seen as part of an emerging new strategy by Pakistan as it eyes the looming drawdown of U.S. and Western troops in Afghanistan.