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The Washington Post Saturday, June 23, 2012
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Business
Greece tries to pay back Germany on soccer field

fifty-five minutes into the soccer game, with Germany owning the ball and Greece seeming doomed to lose, a kind of miracle happened: striker Giorgios Samaras scored to tie the match.

In an open-air bar in the central part of the city, the entire room seemed to stand up at once, wrapping themselves with Greek flags, jumping up and down in a sort of victory dance and shouting for joy. But instead of focusing on the athleticism of the shot, how a team that seemed so outclassed could somehow take back the game in a few seconds, the reaction was about something entirely different: the euro crisis.

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(Ariana Eunjung Cha, Petra Krischok)

Ritz Camera files for bankruptcy protection, again

Ritz Camera & Image, a Beltsville-based photography retail chain, filed for Chapter 11 bankruptcy protection Friday, less than three years after emerging from its first bankruptcy.

The move comes as brick-and-mortar consumer-electronics stores face increasing competition from online rivals and more and more people rely on their cellphones to take pictures instead of buying cameras and other equipment.

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(Danielle Douglas)

Aetna and Inova unveil joint venture for improved, cost-effective health care

Health insurers and hospitals often operate as rivals with clashing economic interests, but Northern Virginia's Inova Health System is teaming with Aetna to create an unusual health-care plan in which both sides will share costs and profit.

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(Sarah Kliff)

Markets rise despite downgrade of banks, global economic fears

Markets rallied Friday after a bumpy week, when major indexes tumbled amid fears of a global economic slowdown.

The Dow Jones industrial average rose 0.53 percent to close at 12,640.8 points. The broader Standard & Poor's 500-stock index rose 0.7 percent to close at 1,335.02 points and the Nasdaq composite index rose more than 1 percent to close at 2,892.42 points.

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(Amrita Jayakumar)

More Business

Economy
Ahead of Euro 2012 Germany-Greece soccer match, emotions are intense

ATHENS — Everyone knows the score before a game starts. It is 0 to 0. The playing field is level. The referee is fair. The rules favor no one. If only such principles were seen as applying to the euro currency union, the emotions over Friday's Euro 2012 soccer quarterfinals between Greece and Germany would not be so intense.

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(Howard Schneider, Ariana Eunjung Cha)

More Economy


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