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GM CEO Forced To Resign

admin — Mon, 30 Mar 2009 03:41:21 +0000

WASHINGTON (Reuters) – General Motors Corp Chief Executive Rick Wagoner resigned today under pressure from the Obama administration, as the government prepares to announce a second bailout for the company and its smaller rival Chrysler LLC. Wagoner, a career GM executive and CEO since 2000, is stepping down as the top U.S. auto maker struggles with a recession-fueled sales implosion that has pushed GM and many of its suppliers and dealers to the brink of collapse.

This news-feed.com update courtesy of Reuters, a leading globally-recognized news network.

U.S. To Deploy Anti-Missile Ships

admin — Mon, 30 Mar 2009 03:38:08 +0000

SEOUL – A military spokesman said that the United States plans to deploy two missile-interceptor ships from South Korea on Monday, just days ahead of a North Korean rocket launch that is seen by many as a test of its longest-range missile. It is unlikely that the U.S. intends to actually shoot down the rocket, the deployment is widely seen as more of a precaution.

This news-feed.com update courtesy of Reuters, a leading globally-recognized news network.

Geithner Mum On Need For More Bailout Money

admin — Mon, 30 Mar 2009 03:33:23 +0000

WASHINGTON – U.S. Treasury Secretary Timothy Geithner said on Sunday the government will have about $135 billion left after banks give back some bailout money. He however declined to say whether he will ask Congress for more. The Treasury expects the banks to return about $25 billion of money that they received from the government later this, because they were able to replace it with private capital or simply decided that they do not want money with strings attached.

This news-feed.com update courtesy of Reuters, a leading globally-recognized news network.

Michigan State Beats Louisville To Reach Final Four

admin — Mon, 30 Mar 2009 02:22:10 +0000

NEW YORK – Second seed Michigan State stunned number one seeded Louisville 64-52 to win the Midwest Region and advance to the NCAA Final Four on Sunday. Senior center Goran Suton scored 19 points and had 10 rebounds to lead Michigan State to its fifth Final Four in 11 years.

This news feed sports news update courtesy of Reuters, a leading globally-recognized news network.

Jelena Jankovic Says She Has Lost Her Confidence

admin — Mon, 30 Mar 2009 02:19:05 +0000

MIAMI – World number three tennis player, Jelena Jankovic, eliminated in the second round for the second tournament in a row (this time at the Sony Ericsson Open today), said she had lost her confidence after a poor start to the season.

This news feed sports news update courtesy of Reuters, a leading globally-recognized news network.

Tiger Woods Completes Thrilling Comeback Victory

admin — Mon, 30 Mar 2009 02:13:28 +0000

MIAMI – Tiger Woods came from five strokes behind to overhaul fellow American Sean O’Hair and win his 66th PGA Tour title in spectacular style at the Arnold Palmer Invitational in Orlando earlier today.

This news feed sports news update courtesy of Reuters, a leading globally-recognized news network.

U.S. Jobless Benefit Claims Up

admin — Thu, 26 Mar 2009 12:53:14 +0000

WASHINGTON (AP) — The U.S. Government says initial jobless benefit claims rose slightly last week, while the number of people continuing to claim benefits set a record for the ninth straight week. The total number of people claiming benefits are up 122,000 to 5.56 million, significantly higher than economists’ projections of 5.48 million.

This news-feed.com business / finance news update courtesy of The Associated Press (AP), the essential global news network.

U.S. Economy Shrank At 6.3 Percent Pace – End of 2008

admin — Thu, 26 Mar 2009 12:47:55 +0000

WASHINGTON (AP) — The U.S. economy shrank at a 6.3 percent pace at the end of 2008, the worst showing in a quarter-century. The Commerce Department has reported today that the economy was sinking a bit faster than the 6.2% annualized drop for the October-December quarter that was estimated a month ago.

This news-feed.com business / finance news update courtesy of The Associated Press (AP), the essential global news network.

Best Buy Fourth Quarter Profit Drops

admin — Thu, 26 Mar 2009 12:42:52 +0000

MINNEAPOLIS (AP) — Best Buy, the world’s largest consumer electronics retailer, says fourth-quarter profit fell 23% on some charges but adjusted results beat many analysts’ estimates as sales climbed on new store openings.

This news-feed.com business / finance news update courtesy of The Associated Press (AP), the essential global news network.