DEC
12
2008

Banks Put Ahead of Public in Auto Bailout Bill, Experts Say

Banks were put ahead of taxpayers for getting repaid loans to General Motors Corp. and Chrysler LLC as part of last-minute changes to the auto industry bailout bill passed by the U.S. House of Representatives, bankruptcy experts said.

DEC
10
2008

Congress to vote on car bail-out

The US House of Representatives could vote on a $15bn (£10bn) bail-out of the US car industry as soon as Wednesday.

DEC
10
2008

Governor ´tried Obama seat sale´

Mr Blagojevich, as governor, has sole authority to select a successor to Mr Obama as junior Illinois senator. FBI investigators said telephone intercepts showed he was trying to sell or trade the seat for personal benefit.

DEC
10
2008

Brazil court rules on Indian land

The Supreme Court of Brazil is expected to make a landmark judgement later on the rights of indigenous people.

DEC
10
2008

Economist Withholds Issue From Thailand on Royal Law

The Economist magazine did not distribute its most recent issue in Thailand because it contained an article that may have violated the country’s strict laws against insulting the king, a spokeswoman said.

DEC
10
2008

Panel Urges Obama to Consider Hacker-Response Plan

President-elect Barack Obama should create a new White House office to protect cyberspace from hackers, thieves and foreign agents, coordinating security efforts across U.S. military, intelligence and civilian agencies, according to a new report from a panel of leading government and industry experts.

DEC
10
2008

Iowa Gay Marriage Ban Headed to Court

The gay marriage debate moves to the Midwest this week as the Iowa Supreme Court hears arguments in a challenge to the state´s ban on same-sex marriage. Pictured in this undated handout photo released by Lamda Legal, are Dawn, left, and Jen BarbouRoske...

DEC
5
2008

Auto Executives Face a Hard Sell on Capitol Hill

The chief executives of America’s foundering automobile manufacturers returned to Capitol Hill on Thursday and found themselves confronting years of pent-up anger, the harsh politics of a recession and the realization that even their strongest supporters might not be able to muster the votes to save them.

DEC
5
2008

Discover Accuses Morgan Stanley of Secret Talks With Visa

Discover Financial Services claims in a lawsuit that it was forced to agree to a $2.75 billion legal settlement because its former parent, Morgan Stanley, held secret, unauthorized talks with Visa Inc. and MasterCard Inc.

DEC
5
2008

Starbucks expects holiday ‘weakness’

Starbucks Corp. officials said they plan further cost-savings moves — a total of more than $400 million — in fiscal 2009 and warned of a “projected weakness during the holiday period.”

DEC
5
2008

Prudential plans to sell Wachovia Securities stake

Prudential Financial Inc. says it plans to sell its minority stake in Wachovia Securities to Wells Fargo & Co. According to Reuters, Prudential said Thursday during a presentation to investors that its share of the brokerage is worth more than $3.7 billion after taxes.

DEC
5
2008

Google opts out of $4.7M grant from North Carolina

Internet giant Google has opted not to take a $4.7 million state grant to build a data center in the Caldwell County town of Lenoir – a sign the company may be slowing down its North Carolina expansion.

DEC
3
2008

Director Polanski Asks Court to Dismiss 30-Year-old Sex Case

Roman Polanski, the film director who pleaded guilty more than 30 years ago to “unlawful sexual intercourse” with a 13-year-old girl, asked a Los Angeles County court to dismiss the criminal case against him.

DEC
3
2008

Altria Makes Third High Court Bid to Limit Damages for Smokers

Twice, the U.S. Supreme Court has set aside a $79.5 million award in an Oregon smoker case against Altria Group Inc.’s Philip Morris USA unit. Twice, the Oregon Supreme Court has reinstated the damages.

DEC
3
2008

Wal-Mart Assailed on Death

Wal-Mart Stores Inc. should have had better crowd control to prevent the death of a worker who was trampled the day after Thanksgiving amid the bargain-hunting frenzy whipped up by the sales known as door-busters, according to local police and a lawyer for the worker´s family.

DEC
3
2008

High Court Debates Power Plant Regulations

The U.S. Supreme Court Tuesday sought middle ground as it debated whether to overturn a lower court ruling that could make it harder for power plants to avoid expensive updates to aging cooling tower systems.

DEC
3
2008

Congress eyes Big Three automakers´ survival plans

Detroit´s Big Three auto executives have ditched their corporate jets for hybrid cars and replaced vague pleas for federal help with detailed requests for as much as $34 billion in their second crack at persuading Congress to throw their struggling companies a lifeline.

DEC
1
2008

Obama filling out next Cabinet in record speed

President-elect Barack Obama is filling his Cabinet at record speed, choosing loyal friends and one-time foes to guide his wartime foreign policy decisions.

DEC
1
2008

Exclusive Mutual Funds Reopen for Business

Here´s one upside to a down market: a number of historically prominent mutual funds that long ago shut their doors to new investors are reopening. It´s been years since anyone without an existing account could put money into some of the best-known names in the business, like Sequoia Fund, Dodge & Cox Stock, Longleaf Partners, Fidelity Magellan, Artisan Mid Cap Value, Oakmark Equityand Income, Vanguard International Explorer and Third Avenue Small-Cap Value.

DEC
1
2008

Teva Grabs Billions Gambling on Copies of Brand-Name Drugs

Teva Pharmaceutical Industries Ltd. turned itself into the world’s biggest maker of generic medicines through a high-risk strategy of flouting drug patents. Its next target may be Eli Lilly & Co.’s Evista, an osteoporosis treatment with more than $700 million a year in U.S. sales.

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