SpaceX’s historic launch to space station scrubbed at last second – Los Angeles Times

lehoquvuhu.wordpress.com

CBC.ca

SpaceX's historic launch to space station scrubbed at last second Los Angeles Times By WJ Hennigan SpaceX's historic launch to the International Space Station was aborted in the pre-dawn hours at Cape Canaveral, Fla., when computers detected an anomaly in one of the rocket's nine engines and automatic »

European shares head for worst week since November – Reuters

moakhamet84.blogspot.com

Moneycontrol.com

European shares head for worst week since November Reuters * FTSEurofirst 300 down 0.3 percent * Banks rebound on rumours of ban on naked short-selling * Poll shows Greece electing pro-bailout government By Tricia Wright LONDON, May 18 (Reuters) – European shares weakened on Friday in thin, choppy trade, … Merkel C »

Supreme Court temporarily blocks Chrysler/Fiat merger – Atlanta Business Chronicle:

vilyfijohy.wordpress.com
Supreme Court Justice Ruth Badet Ginsberg granted a motion file by Indiana state pensionm funds to delay the merger betweenn the American and Italian automakers in whatthe U.S. Treasury Department said was an “administrativse extension designed to allow sufficien time for the Supreme Court to explorw whether or not a stayis needed, accordingh to several published reports late Monday. The Supreme Courf move extends a stay already issuecd by a lower courf that was set to expire lateafternoonn Monday.
Fiat, however, has given Chrysler until June 15 to finish the Attorneys for the pension funds argued that they woulds receive just pennies on the dollafr fora $42 milliom loan given to However, U.S. Solicitor General Elenwa Kagan said the imminent collapse of Chrysler said to be losing upwardof $100 millionb daily – was of greate r concern to government officials than the loan When Chrysler filed for Chapter 11 bankruptcy protectiob last month, it announced it would rejecrt 789 dealership agreements nationwide, including .

Genmar warranties still good – Austin Business Journal:

kleopatraxnibe.blogspot.com
Tracy Carrell says the letter came after boat manufactured on Monday filed for Chapter 11 bankruptcy Genmar owns 15 different brandsof boats, whichu means dealers everywhere are impacted. She says cash customers for boat at her dealership haveremainee strong. But trouble financing in the currentf economy means others have been forces tohold off. “The boatingy business has been affected a lot likecars have,” she The petition to reorganize its debts was fileds in U.S. Bankruptcy Court in Minneapolis — wheree the company is headquartered along with more than 20 related subsidiaries.
Genmar has between 100 and 199 It lists its assets in the rageof $10 million to $50 millionj and its liabilities between $100 million and $500 according to court documents. The largest unsecured creditorsare Edelman, Borman, Brand, a Minneapolis-based law firm which is owed $186,700. Merchanty & Gould, a law firm in is owed $155,800. The only secured creditors are and FiftjThird Bank, according to a story in the Minneapoli Star Tribune. Genmar said it has received commitment fora debtor-in-possessiojn (DIP) financing proposal from both banks.
In a statement, Genmatr Chairman, CEO and largesr shareholder Irwin Jacobs said sales ofthe company’s fishingg boats, luxury yachts and other productzs started to decline in 2008, but worsenef in recent months. The company’s salee in fiscal 2009, which ends in June, are likely to be aboutt $460 million, off by more than 50 percent fromfiscal 2008. “Iv someone would have said to me as recentlh as even one month ago that Genmar wouldx someday be filing forChapter 11, I wouldf have said it was not even a remote possibility,” Jacobsx said. Genmar had been makinhg some strategy changes inrecent months, announcinyg plans to launch a line of less-expensive aluminuj boats.
A spinoff company, Greenville, Pa.-based VEC and other Jacobs-related companies aren’t included in the VEC is now in the busineses of making giant bladesfor energy-generating Law firm Fredrikson & Byron in is representing Genmar in the bankruptcy

Ed Whitacre named new GM chairman – Pacific Business News (Honolulu):

ukatekexo.wordpress.com
former chairman and CEO of , to become the new chairma n ofthe U.S. automaker once it completes itsbankruptcyh reorganization. Kresa will continue to servee as interim chairman until Whitacre takes over the helm ofthe U.S. GM said Whitacre and Kresa along with president and CEOFrederico A. Henderson and board members Philip A. Laskawy, Kathry n V. Marinello, Erroll B. Davis Jr. and E. Nevillr Isdell — will serve as the nucleus of the new GM GM has launched a selectionb process to identify four more directors who will servd on the board of thereorganized company.
The Canadia n government and the new UnitedAuto Workers’ Voluntary Employee Benefitf Association will each nominate one director, bringing the totalp number of directors for the company to 13. On June 1, GM announcedr that the company’s three domestic subsidiaries had filed voluntary petitions for relief under chapter 11 of the Unitedc States Bankruptcy Code inthe U.S. Bankruptcyu Court for the Southern District of New The company’s reorganization plan includes selling substantially all of its globalk assets to a new entity that will take on the GM That sale is subject to the approval of the court.
“The appointment of Ed Whitacre as chairman representxs a very auspicious beginning for the new Kresa said. “We look forward to working with him to complete the reinventio of GM and maximizde the enormous potential of thisnew Whitacre, 67, was chairman and CEO of AT&T Inc. and its predecessor companies from 1990to 2007. Durinh his tenure, which begamn with Southwestern Bell, Whitacre led the companyy through a series of mergereand acquisitions. One of the more prominengt acquisitionswas AT&T. Whitacre retired from AT&y in 2007, handing over the rein of the company toRandall Stephenson. AT&T (NYSE: T) subsequentlyt relocated headquarters to Dallasin 2008.
Whitacre maintains an office in San Followinghis retirement, Whitacre accepted a teachintg position on the business faculty at Texas Lutheranb University in Seguin, Texas, near San “I am honored to be able to serve GM at this critical juncture and take part in its Whitacre says. GM was founded in 1908. The company now manufacturezs cars and trucks in34 countries. Its headquarterse is in Detroit.

JPMorgan investment chief Ina Drew to retire – Washington Post

yvejodo.wordpress.com

Toronto Star

JPMorgan investment chief Ina Drew to retire Washington Post JPMorgan Chase announced Monday that chief investment officer Ina Drew would retire, the first of what may be several departures since the megabank's surprising $2 billion loss. The f »

Talks on Greek Coalition Collapse, Threatening Deal – New York Times

ukatekexo.wordpress.com

CTV.ca

Talks on Greek Coalition Collapse, Threatening Deal New York Times ATHENS — Talks to form a new Greek government collapsed on Sunday, when the leader of a left-wing party that favors rejecting Greece's loan agreement with foreign creditors again refused to join a unity coalition, making new elections almost a given. Syriza says no to Greek coalition plan BBC News Greece faces 'moment of truth' as talks st »