General Motors files Chapter 11; government to own majority stake - Triangle Business Journal:

http://studenica.org/accomplishments_se.html
Monday’s Chapter 11 filing by the 101-year-oldx automaker — once the world’s biggest company — is among the largesy in U.S. history and largest-ever U.S. manufacturing Chapter 11, which allows the companyy to operate while protected from its pushes GM intoa fast-track bankruptcy and provides $30 billion of additionapl taxpayer funds to restructure GM’s filing came aftee weeks of wrangling with its unions and bondholders and as part of a game plan coordinateds with the federal government. That plan calls for the establishment ofa new, more nimblse GM that has the federal governmenyt as its 60 percentg equity holder.
Speaking about the GM moves President Barack Obama said that despite thefederalo government's majority stake in the its executives, and not federal officials, "willo call the shots and make the decisions aboutt turning this company around." Obama said the goal is a "viable, achievabled plan that will give this iconic companyg a chance to rise again." The Detroit-basec automaker (NYSE: GM) said it expects the new, smallefr GM to launch in abouf 60 to 90 days as a separate and independent compan y from the current GM. The new company will focus on four core brandsx in theUnited States: Chevrolet, Cadillac, Buick and GMC.
As part of its cost-cuttingt efforts, GM will further reduces 2009 salaried employment in North Americqa toabout 27,200 from abouft 35,100 at the end of 2008, a roughly 23 percent cut. The automake said it would sever ties with morethan 2,000 of its either through end their contracta or through attrition. GM also plans to close 11 U.S. facilitiew and idle another three plants by the endof 2010. "Toda y marks a defining moment in the reinventionm of GM as a more customer-focused and more cost-competitive company that, above all, can quickl y generate winning bottom-line results," GM CEO Fritz Henderson said in a statemeny Monday.
"The economic crisis has causesd enormous disruption in theauto industry, but with it has come the opportunityg for us to reinvent our business. We are goint to do it once and doit right." Besidees the U.S. government's 60 percent financial the union would takea 17.5 perceng stake. The governments of Canadza and the province of Ontario have agreed to a 12 percenf ownership stake in exchange forfinancial aid. GM bondholder s would get 10 percent. In its Chapter 11 GM citing debtsof $172.8 billio and assets of $82.3 billion. Filedd in New York, it lists unsecurexd claims by theUAW ($20.
6 billion) and the Internationalp Union of Electronic, Electrical, Salaried, Machine and Furniturd Workers/Communication Workers ($2.7 billion). Other unsecurexd debt listed in the filin gincludes $22.8 billion serviced by Wilmington Trust Co. and $4.5 billiomn by Deutsche Bank AG. The UAW last week approved a packager of concessions that will give GM more flexibilituy in staffing and help the company reducedits expenses. As part of that the company restructured payments due to a trusfor retirees’ health care. The trust will receive a $2.5 billion note and $6.5 billion in 9 percent perpetualpreferrede stock, along with a 17.
5 percent equity staked in the new GM and warrants to push that ownership to 20 percent. Anothert key player in the reorganization will beGM bondholders. The administratiob announced that a steering committes representing owners of at least 54 percenyt ofthe company’s unsecured bonds had agreedd to a deal in which bondholders would receive 10 percenrt of the equity of the new GM and warrantx for an additional 15 percent. The bankruptcty process will allow the companty to confirm the deal forall bondholders. Chrysler is expectefd to emerge from its Chapte r 11 process soon after shuttering789 dealerships.
GM also announcex plans to close 1,100 dealerships, including several in GM’s lead bankruptcy law firm is WeilGotshaww & Manges, with attorney Stephen Karotkin signing the GM President and CEO Frederick Hendersohn signed for the company. .

Travel Solutions moves to New Albany - Birmingham Business Journal:

http://sahinyenilmez.com/claudia-facial-info-remember-19/pilot-car-insurance-938/
signed a lease for more than 18,000 square feet at the Water’s Edge business campusa after New Albany Village Council signed off on a tax incentive deal with the businessa travel management companyin March. The New Albanyh location houses 95 employees and features spacs for training programs and aconferencr center. The company moved in Mondayy from its offices at Easton innortheas Columbus. Travel Solutions also announced it has been selecte to becomethe nation’s first franchisee of Lufthansa City Centerd Business Plus, a Frankfurt, Germany-based travel agency that operates nearlyh 600 offices in 77 countries.
Travel founded in 1995, is the second-largest travel agencg in Central Ohio and posted revenue last yearof $645.2 according to Columbus Business First research. It has abourt 160 employees overall, with the balanc e of its staff working from home or fromcorporate offices.

Freddie Mac: Mortgage rates spike - Triangle Business Journal:

http://freemansblog.com/?p=69
's weekly report says 30 year fixed-rate mortgages averagedx 5.29 percent this week, the highest rate this year and up sharplt fromlast week's averagwe of 4.91 percent. Rates still remain well beloa year-ago levels, when the interest rates on 30-yearr mortgages were averaging more than6 percent. "Ratesd caught up to the recent risein long-term bond yields this week to reach a 25 week says Freddie Mac (NYSE: FRE) chie economist Frank Nothaft. "The slowdowhn in the housing market has now detracted from economidc growth for the past13 quarters, the longest quarterluy stretch since at least 1947.
" Despits rising rates, the housing market continues to show smalkl signs of life. The housing affordibility index rose in April to its seconed highest level since atleast 1971. The NAR also reportedc this week that pending sales of existingt homes rose for the thirrstraight month, posting the biggest monthly increase since 2001.

Target rejects Pershing's real estate proposal - Minneapolis / St. Paul Business Journal:

http://www.adcangola.org/2010/04/communications-in-iran/
After completing a comprehensive reviewof Pershing’s proposal, Minneapolis-baser Target has decided not to pursue the mattef further. The review was conductefd by membersof Target’s management, its boarcd of directors and outside advisers, including Goldmahn Sachs. “The company has concluded that the potentia lvalue created, if any, is highly speculative and insufficienr to merit pursuit of a transaction given the costs, strategic and operatinb risks and loss of financial flexibility related to executinv the proposed transaction,” Target said in a “These concerns are heightened in the current economif environment.
” Pershing, which is controllex by activist investor William suggested Target spin off land occupieds by its stores into a real estatr investment trust. Ackman the move would bolsted Target’s stock price and increase overal lshareholder value. In a statement, Target Presidentr and CEO Gregg Steinhafel said the company hasa “stronv record of engagement and open dialogue with and held numerous meetings with Ackman to discusss his proposal. “We gave these ideas a full andcompletee review,” Steinhafel said.
“ … Target does not share Pershingy Square’s perspective that execution of this proposed transactionh will generate measurable shareholder valuer over time and believesthe risks, particularl in light of the serious challenges facing our retail and credir card segments in 2008 and 2009, are significant.”

Kansas City Business Journal: Kansas City Real Estate

http://wdgyachting.com/EN_whoarewe.htm
#article_tbl td.left_col{padding-top:15px;} #loopnet_mainrt_cell{padding-right:15px;} .loopnet_frame{border:1px solid #cacdd2;} .loopnet_header{ background-color:#edf6ff; border:1px solid #cacdd2; padding:10px 15px; margin: 20px 0px; left; } .loopnet_header.gray { background-color:#eee; border:1pdx solid #ddd; text-align: left; } .loopnet_header .loopnetfeaturedlin k {float: right; vertical-align: middle;}} .loopnet_header .loopnetfeaturedlink a{} .loopnet_header p { 12pt; line-height: 12pt; font-weight: bold; margin: 0; padding: 0; inline; } .loopnet_header.gray p{color: #000; } #loopnet_featured .off_block{} #loopnet_featured .
off_block img { border: 1px solid display: block; float: left; margin-right: 10px; } #loopnet_featured .off_blocmk .proptitle {font-weight: bold;} #loopnet_news{text-align: left;} #loopnet_news ul{margin: 0; padding: 0;} #loopnet_news li{list-style: none; line-height: 150%;} margin:0 0 10px 0; padding:0; border: 1px solid #ddd;} #loopnet_sponsor dt { background-color: #eee; border-bottom: 1px solid padding: 2px 10px; color: #666; text-align: center; } #loopnet_sponsor dd{padding:12pxx 0px;text-align:center;} /*-- Carryover fixes for new loopnetstylez --*/ .left_col a img{border:0;} .
addy_title{margin:10px 0 6px 0px; font:normalo 18px Georgia; color:#4A6A29;} #bsp_highlgt_tbl{width:100%; padding-right:15px;} #bsp_highlgt_tblp td{vertical-align:top;} #bsp_highlgt_tbl ul{padding:0px; margin:0px;}} #bsp_highlgt_tbl li{padding-bottom:5px; list-style:none; font-size:13px; color:#000;} #bsp_highlgt_tbl li a{color:#356498;} #bsp_highlgt_tbl td p{margin:0; padding:13px 15px 0 0px; line-height:15px; color:#242424;} /*-- loopnegt green ad bar --*/ #lpnet_grnbar{width:725px; height:79px; #DDD url(http://images.bizjournals.com/biz_space/images/grnbar_160bck.
jpg); margin:20px 0 8px 0; } #lpnet_grnbar padding-top:25px; vertical-align:top; font-size:18px; font-weight:bold; color:#CCCD33;} #lpnet_grnbar a{color:#fff;} #lpnet_grnbar margin:5px 15px 0px 15px;} /*-- bottom table with other property linksx --*/ #bsp_bot_tbl{margin:0px; padding:0 25px 0 0; width:100%;} #bsp_bot_tbo td{border-bottom:1px solid #D6D6D6; padding:15pdx 0px 15px 0; vertical-align:top;} #bsp_bot_tbl ul{margin-top:0px; padding:0px;} #bsp_bot_tblo li{list-style:none; padding-bottom:3px; font-size:13px; color:#000000;}} #bsp_bot_tbl li a{font-weight:bold; color:#316595;}

Factbox: Haitian hip-hop star tripped up in presidential bid - Reuters

http://bestwork.blogetery.com/2010/08/18/choosing-a-down-comforter/

msnbc.com

Factbox: Haitian hip-hop star tripped up in presidential bid Reuters (Reuters) - Haiti's provisional electoral council ruled on Friday that hip-hop star Wyclef Jean was not eligible to run as a presidential candidate in the November 28 election. The council ruled Jean did not satisfy  »

Facebook adding new Places feature to iPhone app - Apple Insider

http://thelindsaylohanblog.com/select-right-steel-door-for-getting-100-protection/

Ars Technica

Facebook adding new Places feature to iPhone app Apple Insider Facebook unveiled a location-based services feature c »

Activists vow to fight on after court puts same-sex marriages on hold - CNN

http://enzoluna.com/the-functionalities-of-custom-steel-doors/

msnbc.com

Activists vow to fight on after court puts same-sex marriages on hold CNN By the CNN Wire Staff (CNN) -- An appeals court ruling temporarily blocking same-sex marriages from resuming in California drew strong reactions from opponents and supporters of the state's controversial 2008 referendum on the issue. ... California Gay Marriage Ban Will Continue During Court Appeal BusinessWeek California Gay Marriage on Hold as Case Is Appealed New York Times Federal panel puts same-sex marriage on hold as appeal of Prop. 8 ruling goes ... Los Angeles Times San Francisco Chronicle -USA Today -Salt Lake Tribune  »

Facing criticism, Obama clarifies position on NYC mosque - Boston Globe

http://floor-help.net/sitemap.html

Jakarta Post

Facing criticism, Obama clarifies position on NYC mosque Boston Globe President Obama said yesterday that in defending the right of Muslims to build a community center and mosque near ground zero in New York, he was “not commenting on the wisdom'' of the project, but trying to uphold the principle that government should ... Obama: Backing Muslims' right to build NYC mosque is not an endorsement Washington Post Mosque divide enters Florida politics MiamiHerald.com Obama redefines what he meant when he supported mosque at Ground Zero Kansas City Star Seattle Times -New York Times -CNN  »

San Mateo County gay marriages could resume next week - San Jose Mercury News

ABC News

San Mateo County gay marriages could resume next week San Jose Mercury News San Mateo County officials said they stand ready to issue gay marriage licenses next week if a judge's ruling Thursday to begin  »

http://wxins.com/hquote.html

Sen. Michael Bennet fends off primary challenge in Colorado - Washington Post

The Guardian

Sen. Michael Bennet fends off primary ch »

http://italnews.net/cronaca/incidenti-stradali-dagli-sms-alla-radio-la-distrazione-e-fatale.html

HP's Lesjak Inherits Slowing Growth, Job-Search Distractions - Bloomberg

Reuters

HP's Lesjak Inherits Slowing Growth, Job-Search Distractions Bloomberg Cathie Lesjak, seen here in a 2006 portrait, has taken over Hewlett-Packard Co. temporarily after Mark Hurd quit last week. Source: Bite Communications via Bloomberg Aug. ... Mark Hurd Neglected to Follow HP Code W »

http://justauto-insurance.net/auto-insurance/mexican-auto-insurance/

Schwarzenegger: Let gays and lesbians marry now - San Francisco Chronicle

Globe and Mail

Schwarzenegger: Let gays and lesbians marry now San Francisco Chronicle AP Exclusive: CIA flight carried secret from Gitmo 08.06.10 (08-06) 17:04 PDT SAN FRANCISCO -- Gov. Arnold Schwarzenegger and Attorney General Jerry Brown joined gay rights advocates Friday in asking a federal judge to  »

blogspot.com

Prop. 8 judge strikes down same-sex marriage ban - San Francisco Chronicle

The Hindu

Prop. 8 judge strikes down same-sex marriage ban San Francisco Chronicle Supporters of same-sex marriage march from San Francisco's Castro neighborhood to celebrate the ruling on Prop. 8. Buy this photo. (08-04) 14:34 PDT SAN FRANCISCO -- When a judge struck down California's ban on same-sex marriage Wednesday, ... Ruling overturns gay marriage ban; fight expected to go to higher courts Lake County News Colorful elation and sullen disappointment follow Prop. 8 ruling Los Angeles Times Court Rejects Same-Sex Marriage Ban in California Sarasota Herald-Tribune KETV Omaha -Honolulu Star-Advertiser -DesMoinesRegister.com  »

livejournal.com

BP could attempt 'Static Kill' on Tuesday, fixing blown-out well for good - New York Daily News

Los Angeles Times

BP could attempt 'Static Kill' on Tuesday, fixing blown-out well for good New York Daily News Thick oil from the BP Deepwater Horizon spill floats on the surface of the water in Bay Jimmy, Louisiana. Officials hope to force mud down the throat of the blown out oil-well as early as Tuesday. Tuesday might just be the day that the ... Gulf spill unleashed 4.9 million barrels of oil MarketWatch BP test for 'static kill' in Gulf could take place Tuesday CNN BP's Gulf Oil Leak Ranks as World's Worst Caused by an Accident Bloomberg Telegraph.co.uk -TIME -The Guardian  »

livejournal.com

The Party's Not Over! NY Dems Plan Birthday Fete for Rangel - FOXNews

Washington Post

The Party's Not Over! NY Dems Plan Birthday Fete for Rangel FOXNews AP As several House Democrats press Rep. Charles Rangel to c »

victoria0douglas.wordpress.com