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.
The US House of Representatives could vote on a $15bn (£10bn) bail-out of the US car industry as soon as Wednesday.
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.
The Supreme Court of Brazil is expected to make a landmark judgement later on the rights of indigenous people.
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.
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.
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...
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.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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