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From AP News | 2009-07-05 23:26:31
Judge approves plan to sell GM assets »
From Reuters US Online Report Top News | 2009-07-06 05:08:33
NEW YORK/BANGALORE (Reuters) - A U.S. judge on Sunday approved General Motors Corp's bankruptcy sale, in a move that will allow the company's most profitable assets to exit bankruptcy protection under government ownership. Judge Robert Gerber of the U.S. bankruptcy court in Manhattan said the sale would "prevent the death of the patient on the operating table." GM, which filed for bankruptcy protection on June 1, had argued that it would be forced to liquidate if the sale was not approved. The U.S. government said ...
US bankruptcy judge approves GM's restructuring »
From AFP Global Edition | 2009-07-06 05:02:05
A US bankruptcy judge approved a restructuring plan for troubled car manufacturing giant General Motors that calls for selling its assets to a new government-backed company. "The 363 transaction is approved," Judge Robert Gerbert wrote in his ruling, referring to the plan.
Copyright 2009 AFP Global Edition
Asian stocks mixed as investors await profits »
From AP News | 2009-07-06 05:01:33
Asian stocks were narrowly mixed Monday, undermined by investor anxiety that company earnings will reflect a weaker global economy than originally hoped. Volumes were thin across the region without a cue from U.S. markets, which were closed Friday for Independence Day. Resource producers dragged on the broader market as crude oil prices fell toward $65 a barrel. Markets have slackened in recent weeks as concerns grew that the huge run-up between March and June ...
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The Ricardian Equivalence makes a comeback »
Globe and Mail, Canada 7/5/2009 10:55:28 PM
Stimulus is supposed to be the key to recovery, and governments around the world are embracing it as never before. . . But a long-forgotten theory...
EPA Wants To Cut Pollution From Large Ships »
NBC 8 Monterey (KSBW) 7/5/2009 10:42:43 PM
The Environmental Protection Agency is proposing tougher rules to reduce air pollution from large oceangoing ships, including oil tankers and cargo ...
PRECIOUS-Gold inches down as dlr eyed, ETF unchanged »
NineMSN.com.au 7/5/2009 10:38:10 PM
Gold prices inched down on Monday as the dollar edged up against the euro, but trading was subdued following a U.S. holiday, with traders looking...
One quarter of pilgrims to America left early »
Daily Telegraph, UK 7/5/2009 10:27:32 PM
Disease, an unforgiving climate and a stagnant economy in Massachusetts, forced thousands to make the dangerous three-month boat journey back to...
Stocks dragged down by miners »
Sydney Morning Herald 7/5/2009 10:22:49 PM
Losses on the Australian share market have accelerated, as miners such as BHP Billiton drop on weak metal prices and fresh doubts about the ...
The U.S. military's bureaucratic weirdness »
Foreign Policy 7/5/2009 10:20:02 PM
That's the question my old friend Col. David Maxwell asks. A fearless Special Operations officer who has commanded in the southern Philippines...
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