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.
Susan Boyle to sing in Britain's Got Talent final
Global Internet sensation Susan Boyle competes in the final of Britain's Got Talent on Saturday amid signs she is struggling to cope with her sudden rise to stardom and constant media intrusion.
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.
U.S. judge gives final OK for Qwest suit settlement
- A U.S. judge has given final approval to $695 million in settlements to shareholders suing Qwest Communications International Inc for securities fraud.
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.
U.S. Silver shares jump nearly 14 pct after strong 1Q profit
Shares of U.S Silver Corp. rose nearly 14 percent on Friday after the firm reported strong first quarter profits on higher silver demand and various cost savings despite the economic downturn.
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?
Swat campaign undeterred by bombs in Pakistani cities
Pakistani forces cleared a Taliban stronghold in Swat and drove militants out of a town in the northwest valley, the military said on Friday, amid worries over the return of more than 2 million displaced people.
Obama to create White House cybersecurity post
President Barack Obama said he will name a White House-level czar to coordinate government efforts to fight an epidemic of cybercrime, which even touched his presidential campaign.
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.
Electric cars aren't the short-term solution, UK group says
Electric cars are not the short-term solution in the shift to greener vehicles, a British research and advocacy group on mobility issues said.
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.
Latin American art auction fetches $11 million
Latin American art works fetched a total of more than $11 million in a comparatively strong sale that set five world auction records for the artists, Christie's said.
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.
Obama fashions a government of many czars
Name a top issue and President Barack Obama has probably got a czar responsible for tackling it.
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.