IBT Staff Reporter

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Deadline passes for GM bondholders

General Motors Corp on Saturday finished a key piece of business before a bankruptcy filing planned for Monday as the deadline for bondholders to accept an exchange offer brokered by the Obama administration expired.

Rhapsody's exclusive ads target music consumers

All the TV ads that came out in support of Green Day's new album, 21st Century Breakdown, featured the lead single Know Your Enemy. But only one advertiser got exclusive footage of the band -- online music service Rhapsody.

PM says Qatar still studying stake in Porsche

Qatar is still considering taking a stake in debt-laden Porsche , or other German auto companies, after the carmaker scaled down a bid for Volkswagen , the prime minister said on Saturday.

Qatar says studying Porsche stake purchase

Qatar is still studying taking a stake in debt-laden German sports carmaker Porsche , or other German auto companies, after Porsche scaled down a bid for Volkswagen , the prime minister said on Saturday.

Novel profit beats expectations but shares fall 6 pct

Software service provider Novell Inc (Nasdaq: NOVL) on Thursday evening reported higher-than-expected profit for its fiscal second quarter which ended April 30 despite an 8.5 percent fall in revenues reflecting a huge drop in software licenses and services revenue.

Suu Kyi's health improves, ready for verdict

Myanmar opposition leader Aung San Suu Kyi's health has improved and she is ready to face a verdict that could see the Nobel laureate jailed for up to five years, her lawyers said on Saturday.

Young people face

Young job-seekers face a tough time ahead looking for work as the recession deepens, with almost half of 500 firms in a survey saying they will not be taking on school-leavers or graduates this year.

Economic optimism may trump GM bankruptcy

Wall Street faces a historic shake-up next week as General Motors, a pillar of American industry, heads into bankruptcy, but the market could advance further if economic data signals the worst of the recession has passed.

GM bondholders near deadline to accept new offer

General Motors Corp will find out on Saturday if investors holding $27 billion in the automaker's bonds will accept an exchange offer as it races to tie up loose ends before a bankruptcy filing next week.

Wikipedia bans Church of Scientology from editing its articles

Wikipedia, the online encyclopedia that allows to edit its content, has implemented a ban contributions that come from computers owned by the Church of Scientology, saying it’s a punishment for repeated and deceptive editing of articles related to the controversial religion.

Germany seals deal to save Opel, Obama helps

Germany heaved a sigh of relief on Saturday over a deal with Canadian auto parts group Magna, General Motors and the U.S. government to save carmaker Opel from the imminent bankruptcy of its U.S. parent.

Germany agrees deal with Magna, GM to save Opel

Germany reached a landmark deal with Canadian auto parts group Magna, General Motors and governments to save carmaker Opel from the imminent bankruptcy of its U.S. parent, German leaders said on Saturday.

Judge pushes ruling on Chrysler's sale to Monday

The U.S. bankruptcy judge overseeing Chrysler LLC's bankruptcy case said on Friday he would issue an opinion sometime on Monday on the automaker's proposed sale of most assets to a new company run by Italy's Fiat SpA.

Russia to discuss WTO entry

The European Union, the United States and Russia will hold detailed ministerial talks next week on Moscow's bid to join the World Trade Organization, diplomats said on Friday.

Judge to decide on Chrysler-Fiat deal on Monday

The U.S. bankruptcy judge overseeing Chrysler LLC's bankruptcy case said on Friday he would issue an opinion sometime on Monday on the automaker's proposed sale of most assets to a new company run by Italy's Fiat SpA.

GM to save Opel after striking deal with Magna

Germany reached a landmark deal with Canadian auto parts group Magna, General Motors and governments to save carmaker Opel from the imminent bankruptcy of its U.S. parent, German leaders said on Saturday.

GM bondholders urged to accept new debt deal

Advisers to General Motors Corp bondholders representing $27 billion in the automaker's debt urged investors on Friday to support a debt swap negotiated over the past week with the Obama administration.

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