Tuesday, February 17, 2009

2/17 Reuters: U.S.

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GM talks progress, board reviews plan
February 16, 2009 at 9:27 pm

DETROIT (Reuters) - General Motors Corp and the United Auto Workers union made progress in concession talks and bondholders offered proposals to slash GM's debt on Monday, a day before the automaker must detail a new survival plan.

Trump Entertainment may file bankruptcy: report
February 16, 2009 at 8:14 pm

PHILADELPHIA (Reuters) - Trump Entertainment Resorts Inc, Donald Trump's casino group, is expected to file Tuesday for bankruptcy, The Wall Street Journal reported.

U.S. Muslim TV network founder charged with beheading wife
February 16, 2009 at 6:18 pm

NEW YORK (Reuters) - The founder of a U.S. Muslim television network has been arrested and charged with murdering his wife by beheading her, the network's Web site and local media reported.

Swimming idol Phelps escapes drug prosecution
February 16, 2009 at 6:00 pm

MIAMI (Reuters) - Olympic champion swimmer Michael Phelps will not face prosecution over a photograph published in a British newspaper apparently showing him smoking marijuana at a party last year, a U.S. sheriff said Monday.

Stanford investigation sparks fears in Antigua
February 16, 2009 at 5:42 pm

ST JOHN'S, Antigua (Reuters) - On the streets of Antigua, Texas billionaire Allen Stanford is a controversial figure. Some embrace him while others deride him as a modern-day colonialist.

Men's designers see a time to step back, blend in
February 16, 2009 at 2:37 pm

NEW YORK (Reuters) - Just as flush times gave traditionally staid menswear permission to loosen up, a grim economy is dictating a back-to-basics gravitas and a return to serious business attire.

Obama could announce auto task force Monday
February 16, 2009 at 1:38 pm

ABOARD AIR FORCE ONE (Reuters) - President Barack Obama could announce his new auto task force later on Monday, his spokesman said.

GM, UAW in talks racing toward Tuesday deadline
February 16, 2009 at 1:21 pm

DETROIT (Reuters) - Negotiators for General Motors Corp and the United Auto Workers union, staring down a Tuesday deadline for the struggling automaker to submit a plan for its survival to the U.S. government, were making progress in high-stakes talks aimed at cutting GM's costs and debt, a person familiar with the matter said.

Michelle Obama -- fashion's non-icon
February 16, 2009 at 1:19 pm

NEW YORK (Reuters) - First lady Michelle Obama is widely hailed as a fashion icon, but industry insiders say she's quite the opposite, and that's a good thing.

United States is not protectionist, Pelosi says
February 16, 2009 at 12:29 pm

ROME (Reuters) - U.S. House Speaker Nancy Pelosi defended the United States against accusations of protectionism during a trip to Italy on Monday, following concerns about a "Buy American" provision in the U.S. stimulus plan.

Shaken by crisis, MBA schools retooling emphasis
February 16, 2009 at 11:04 am

PHILADELPHIA (Reuters) - In 2001, Cristina Mariaca watched the dot-com bubble burst while working as an analyst at the Latin American unit of Internet giant AOL in Ft. Lauderdale, Florida.

Stanford curtails financing amid probe: report
February 16, 2009 at 9:56 am

NEW YORK (Reuters) - Texas billionaire Allen Stanford's offshore bank, which is under federal investigation, recently curtailed financing commitments to two small firms, The Wall Street Journal reported on its Web site on Saturday, citing regulatory filings.

Fed's Duke: housing woes show tough rules needed
February 16, 2009 at 9:44 am

PHOENIX (Reuters) - Federal Reserve Governor Elizabeth Duke said on Monday the crisis in housing highlights the need for vigorous enforcement of bank rules and questioned the wisdom of letting banks affiliate with commercial firms.

California lawmakers fail to pass budget
February 16, 2009 at 1:04 am

LOS ANGELES (Reuters) - California lawmakers narrowly failed to pass a $40 billion budget on Sunday, casting doubt on Gov. Arnold Schwarzenegger's ability to prevent the nation's most populous state from sinking into the abyss.
 

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