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The dome of the Capitol is reflected in a puddle in Washington February 17, 2012.REUTERS/Kevin Lamarque

Another debt ceiling debacle could sink the economy

Last year's Congressional debt standoff hurt consumer confidence more than the collapse of Lehman Brothers, Betsey Johnson and Justin Wolfers write. This time could be worse.  Read more at Counterparties  

Wall Street opens flat on economy worries

NEW YORK - Stocks traded flat at the open on Thursday, after data pointed to an economy that may have stalled while investors grapple with the euro zone's debt crisis.

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Small businesses hire fewer workers in May

WASHINGTON - Small businesses hired fewer workers in May and cut hours for those on their payrolls, an independent survey showed on Wednesday, raising prospects of another disappointing employment report.

» More Small Business News

China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

» More Green Business News

Murdoch offers board seat to Dow Jones' Bancrofts: report

The Dow Jones news ticker in New York's Times Square displays part of the headline on News Corp.'s bid to buy the Dow Jones Company, May 1, 2007. Some Bancroft family members want to meet Rupert Murdoch to discuss News Corp.'s $5 billion offer for Dow Jones & Co. Inc, the Financial Times newspaper reported on Monday. REUTERS/Brendan Mcdermid

The Dow Jones news ticker in New York's Times Square displays part of the headline on News Corp.'s bid to buy the Dow Jones Company, May 1, 2007. Some Bancroft family members want to meet Rupert Murdoch to discuss News Corp.'s $5 billion offer for Dow Jones & Co. Inc, the Financial Times newspaper reported on Monday.

Credit: Reuters/Brendan Mcdermid

NEW YORK | Mon May 14, 2007 2:41pm EDT

NEW YORK (Reuters) - Rupert Murdoch plans to offer Dow Jones & Co.'s DJ.N controlling Bancroft family a seat on the board of his News Corp. NWSa.N if News Corp's planned purchase of the publisher of The Wall Street Journal goes through, the newspaper said Monday on its Web site.

Murdoch also plans to establish an "autonomous editorial board" if the transaction is approved, the newspaper said.

News Corp. has offered $5 billion for Dow Jones, valuing the latter at $60 per share.
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