Germany’s economy minister says he opposes the government’s plan to put General Motors Corp.’s Opel unit into trusteeship and still supports an “orderly insolvency” to save the carmaker.
Monthly archives for May, 2009
Cuba criticizes Microsoft blocking Messenger (AP)
Cuba criticized Microsoft on Friday for blocking its Messenger instant messaging service on the island and in other countries under U.S. sanctions, calling it yet another example of Washington’s “harsh” treatment of Havana.
Cuba criticizes Microsoft blocking Messenger (AP)
Cuba criticized Microsoft on Friday for blocking its Messenger instant messaging service on the island and in other countries under U.S. sanctions, calling it yet another example of Washington’s “harsh” treatment of Havana.
Obama: Residents must prepare for hurricanes (AP)
President Barack Obama urged residents of hurricane-prone communities on Friday to take responsibility for their own safety and start planning now.
Economic optimism may trump GM bankruptcy (Reuters)
Wall Street faces a historic shake-up next week as General Motors, a pillar of American industry, heads into bankruptcy, but the market could advance further if economic data signals the worst of the recession has passed.
Cuba criticizes Microsoft blocking Messenger (AP)
Cuba criticized Microsoft on Friday for blocking its Messenger instant messaging service on the island and in other countries under U.S. sanctions, calling it yet another example of Washington’s “harsh” treatment of Havana.
GM bondholders urged to accept new debt deal (Reuters)
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.
Fitch Affirms King George County, VA’s Implied GOs at ‘A+’ & Lease Revs at ‘A’; Outlook Stable (Business Wire)
NEW YORK—-In the course of routine surveillance, Fitch Ratings has affirmed the following King George County, Virginia ratings:
US economy sinks at a 5.7 percent pace in 1Q (AP)
The U.S. economy sank at a 5.7 percent pace in the first quarter as the brute force of the recession carried over into this year. However, many analysts believe activity isn’t shrinking nearly as much now as the downturn flashes signs of letting up.
Long-term yields fall again as Treasurys recover (AP)
Long-term bond yields fell again on Friday as investors returned to the Treasury market for the second day running. It was another encouraging sign for the bond market following a harrowing dropoff earlier in the week.