Reuters – General Motors Corp is pushing some bondholders to swap their debt for equity, as Chief Executive Rick Wagoner tries to keep the automaker out of a Chapter 11 bankruptcy that would likely cost him his job, The Wall Street Journal said late Friday, citing people familiar with the plan.
More: continued here [...]
AP – President George W. Bush on Saturday pledged full U.S. support to India as it investigates the deadly terrorist attacks in Mumbai, saying the killers “will not have the final word.”
More: continued here
AP – It wasn’t too long ago that Barack Obama and his advisers were tripping over one another to tear down Hillary Rodham Clinton’s foreign policy credentials. She was dismissed as a commander in chief wanna-be who did little more than sip tea and make small talk with foreign leaders during her days as first [...]
AP – Two months ago, federal food regulators said they were unable to set a safety threshold for the industrial chemical melamine in baby formula. Now, however, they found a way to settle on a standard that allows for higher levels than those found in U.S.-made batches of the product.
More: continued here
Reuters – U.S. shoppers awoke early for post-Thanksgiving sales on Friday in a key test of the country’s ability to withstand economic turmoil as sharp production declines in Asia gave fresh evidence of the global crisis.
More: continued here
Politico – Three weeks after the Republican ticket suffered a sweeping defeat at the polls, Sarah Palin continues to dominate search engine queries, cable news and online video sites.
More: continued here
AP – Only one Supreme Court justice was at Chicago’s Wrigley Field to see Babe Ruth supposedly point to the spot where he would hit a home run in the 1932 World Series.
More: continued here
AP – Iraq’s top Shiite cleric has expressed concern about the country’s security pact with the United States, fearing it gives too much power to the Americans and does not protect Iraqi sovereignty, an official at his office said Saturday.
More: continued here
Reuters – The stores are open, the prices are marked down, but U.S. consumers spooked by the economic crisis bought sparingly at the start of the holiday shopping season.
More: continued here
AP – A Pennsylvania Democratic party leader says MSNBC pundit Chris Matthews may be considering a run for U.S. Senate in 2010.
More: continued here