DETROIT – Losses at General Motors Corp. (GM) are unsustainable, but the company is not headed toward insolvency, Chief Executive Richard Wagoner said Thursday. “There is absolutely no plan, strategy or intention for GM to file for bankruptcy,” Wagoner said in a letter to GM’s 325,000 employees on the company’s …
Read More »Grenade Attacks Kill Four in Sri Lanka
COLOMBO, Sri Lanka – Suspected separatist rebels tossed grenades into a mosque during morning prayers Friday, killing at least four Muslim worshippers, police said. The attack came a day after Sri Lanka held its presidential election, which was boycotted by the Tamil Tiger rebels. “Two grenades were thrown at the …
Read More »Stocks End Lower on Housing Disappointment
NEW YORK – U.S. stocks declined on Tuesday after a disappointing outlook from luxury home builder Toll Brothers Inc. (TOL) pointed to weakness in the housing sector and raised concern about the health of the U.S. consumer. Stocks ended a four-day winning streak as pessimism about home builders spread to …
Read More »EU Pols Demand Probe of Alleged Secret CIA Prisons for Suspected Terrorists
STRASBOURG, France – European lawmakers on Monday called on the European Union’s executive office to conduct a formal investigation into allegations that the CIA set up secret prisons at Soviet-era compounds in Eastern Europe to interrogate Al Qaeda suspects. Earlier this month, the European Commission promised to launch an informal …
Read More »Space Station Marks Five Years of Residence
HOUSTON – The International Space Station on Wednesday marked five continuous years of people living and working aboard it. But there wasn’t much time for celebration. The station’s two residents spent the day cleaning air filters, upgrading exercise equipment and doing other maintenance. Astronaut William McArthur Jr. (search) and cosmonaut …
Read More »New Judge for DeLay Case Will Stay Despite Objections
AUSTIN, Texas – Texas’ chief justice said Friday his decision to appoint a Democrat to preside over Republican Rep. Tom DeLay’s campaign-finance case stands, despite prosecutors’ objections to the justice’s political connections. In a letter to District Attorney Ronnie Earle (search) and defense lawyer Dick DeGuerin (search), Chief Justice Wallace …
Read More »China Currency Vote Delayed While Bush is in Asia
WASHINGTON – Supporters of legislation that would penalize China because of its currency practices said Wednesday they were delaying a Senate vote on the issue in hopes President Bush could resolve the dispute while in Beijing. Sens. Lindsey Graham, R-S.C., and Charles Schumer, D-N.Y., said they had an agreement with …
Read More »Cruise Ship Passengers Tell of Pirate Attack
MAHE, Seychelles – Pirates who attacked a cruise ship off the coast of Somalia grinned as they aimed grenade-launchers and machine guns at the deck and staterooms, some passengers said Monday, recounting the ordeal after safely docking in this Indian Ocean archipelago. The ship escaped by shifting to high speed …
Read More »Everybody Thought There Were WMDs in Iraq
The Democrats are making huge gains in public opinion on the line “Bush lied.” They have said it so often, many many people have come to believe it. There is a certain flaw in the logic. The Dems never want to talk about the flaw, but here goes. If Bush …
Read More »Greenspan: Fix Social Security, Medicare, Deficit
NEW YORK – Federal Reserve Chairman Alan Greenspan (search) said Wednesday the U.S. economy is growing at a “reasonably good pace” but urged Congress to move quickly to fix the country’s budget deficits and its Social Security and Medicare problems. “Addressing the government’s own imbalances will require scrutiny of both …
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