IBT Staff Reporter

133201-133230 (out of 154953)

Germany seals deal to save Opel, Obama helps

Germany heaved a sigh of relief on Saturday over a deal with Canadian auto parts group Magna, General Motors and the U.S. government to save carmaker Opel from the imminent bankruptcy of its U.S. parent.

Germany agrees deal with Magna, GM to save Opel

Germany reached a landmark deal with Canadian auto parts group Magna, General Motors and governments to save carmaker Opel from the imminent bankruptcy of its U.S. parent, German leaders said on Saturday.

Judge pushes ruling on Chrysler's sale to Monday

The U.S. bankruptcy judge overseeing Chrysler LLC's bankruptcy case said on Friday he would issue an opinion sometime on Monday on the automaker's proposed sale of most assets to a new company run by Italy's Fiat SpA.

Russia to discuss WTO entry

The European Union, the United States and Russia will hold detailed ministerial talks next week on Moscow's bid to join the World Trade Organization, diplomats said on Friday.

Judge to decide on Chrysler-Fiat deal on Monday

The U.S. bankruptcy judge overseeing Chrysler LLC's bankruptcy case said on Friday he would issue an opinion sometime on Monday on the automaker's proposed sale of most assets to a new company run by Italy's Fiat SpA.

GM to save Opel after striking deal with Magna

Germany reached a landmark deal with Canadian auto parts group Magna, General Motors and governments to save carmaker Opel from the imminent bankruptcy of its U.S. parent, German leaders said on Saturday.

GM bondholders urged to accept new debt deal

Advisers to General Motors Corp bondholders representing $27 billion in the automaker's debt urged investors on Friday to support a debt swap negotiated over the past week with the Obama administration.

Visteon gets bankruptcy court OK to pay wages

U.S. auto parts maker Visteon Corp received interim court approval on Friday to pay employees, parts suppliers and vendors, but it still lacks debtor-in-possession financing to keep it afloat during its restructuring.

NY AG wins court OK staying SEC pension case

A federal judge on Friday approved New York Attorney General Andrew Cuomo's request to delay the U.S. Securities and Exchange Commission's pension kickback case, rejecting defense attorneys' arguments that this could give the federal regulator an unfair advantage.

Young people face long hot summer seeking jobs

Young job-seekers face a tough time ahead looking for work as the recession deepens, with almost half of 500 firms in a survey saying they will not be taking on school-leavers or graduates this year.

Microsoft reverses Windows 7 Starter limit

Microsoft Corp said on Friday it would not limit the number of applications available at one time on the Starter edition of its upcoming Windows 7 operating system, reversing its earlier strategy of limiting its capabilities and urging users to upgrade.

Congress party allots flats to Slumdog child stars

Days after the makers of Slumdog Millionaire said they had bought an apartment for one of the child actors whose shanty had been demolished, the state's chief minister said he had allotted flats to both child stars.

Wall Street faces pay conundrum amid TARP rules

Rewarding employees for hard work, and not just for showing up, has become a key tenet of good corporate compensation policy. So why are some Wall Street firms sending a very different message?

Commodity shares, Coca-Cola lift Wall Street

Stocks rose on Friday, capping their third straight monthly advance, as rising commodity prices lifted shares of natural resource companies, while a sliding dollar boosted the allure of multinationals, including Coca-Cola Co .

Internet sensation Boyle bids to win TV show final

Internet singing sensation Susan Boyle bids to justify her favorite tag on Saturday when she competes in the final of Britain's Got Talent, a show which turned her from dowdy, unemployed church volunteer into A-list celebrity.

Report: Climate change kills 300,000 annually, costs $125 bln

Climate change accounts for more than 300,000 deaths per year around the world and $125 billion of economic losses annually, as this factor creates condition where more people feel the effects of natural disasters or suffer environmental degradation, the Global Humanitarian Forum said in a report Friday.

Prince Harry gets warm New York greeting

Britain's Prince Harry made his first official visit to New York on Friday to pay somber respects to September 11 victims and wounded veterans and was met by crowds who greeted him as a fun-loving heartthrob more than as a royal diplomat.

In northern Thailand, food gives a history lesson

If Thais are chili aficionados in the south, gourmands in the center, and food daredevils in the northeast, then those in the north, an area ruled for centuries by warring empires, are culinary mixologists.

Stocks rally before May close

U.S. stocks soared late Friday just before the close of the May month giving Wall Street a gain for a third consecutive month.

G8 discuss cooperation on organised crime and piracy

Interior ministers from G8 industrialised nations on Friday discussed closer cooperation in fighting organised crime and greater aid to African states to tackle drug trafficking cartels and rising maritime piracy.

Video game trade show seen returning to glitz

The interactive video game industry's biggest convention meets next week in Los Angeles promising a return to its glitzy past, but on the heels of weak sales and the slumping economy, the future of this fun and games business is no laughing matter.

GDP hints that recession is moderating

The U.S. economy shrank slightly less in the first quarter than initially estimated, while corporate profits rebounded, according to government data on Friday that pointed to moderation in the recession.

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