GM says open to moving HQ from Detroit
General Motors Corp is open to considering moving its headquarters from Detroit, selling U.S. plants and renegotiating its restructuring plan with its major union as it heads toward probable bankruptcy, the automaker's chief executive said on Monday.
German's Web obsession led to savage British murder
A German office worker was found guilty on Monday of the savage murder of a British man whose girlfriend he had become obsessed with after they met on a website.
Cyberbullying, more than just messing around
If may affect as many as half of U.S. teenagers, can be as bad or worse than being beaten up in the schoolyard, and is so relentless and emotionally devastating that suicide can sometimes be the result.
Solar firm Energy Conversion plans 10MW project, optimistic about U.S. market
U.S. solar firm Energy Conversion Devices, Inc. is planning to develop rooftop solar projects totaling 10 megawatts of power capacity, the firm announced on Monday.
Missing Nepali ski racer found via Facebook
A teenage Nepali ski racer has been found in Paris via a campaign on social networking site Facebook two weeks after he disappeared from his team's base in the French Alps, the team said on Monday.
U.S. signals tougher line on dominant firms
The Justice Department's top antitrust official announced on Monday a return to a more aggressive approach to dealing with dominant companies that use their position to squelch competition.
GM says open to moving from Detroit headquarters
General Motors Corp is open to considering moving its headquarters from Detroit, selling off U.S. plants and even renegotiating parts of its restructuring plan with its major union, the new chief executive said on Monday.
Global unemployment rises: OCED
The Organization for Economic Co-operation and Development (OECD) said Monday the unemployment rate for the OECD area rose to 7.6% in March, 0.3 percentage point higher than the previous month and 2.0 percentage points higher than a year earlier.
Dow, S&P dip on capital raises; Nasdaq flat
U.S. stocks fell on Monday as investors booked profits after a strong run and several major banks announced large common stock offerings to repay government bailout funds.
Nortel loss deepens as revenue falls 37 percent
Nortel Networks Corp, which filed for bankruptcy protection earlier this year, said on Monday its quarterly loss widened as the global recession contributed to a steep drop in revenue.
GM CEO: To start notifying dealers about closures this week
General Motors Corp CEO Fritz Henderson said Monday in a conference call the company was
Massachusetts, Goldman Sachs settle on subprime
The U.S. state of Massachusetts has reached a multimillion dollar settlement with Goldman Sachs Group Inc regarding subprime mortgages, state Attorney General Martha Coakley said on Monday.
Obama proposes expanding FDIC's borrowing power
U.S. President Barack Obama on Monday proposed increasing the borrowing authority of the Federal Deposit Insurance Corp with the Treasury Department to $100 billion from the current $30 billion.
S.Africa's Zuma moves Manuel to powerful new role
Trevor Manuel was appointed to head a powerful new planning body on Sunday, keeping South Africa's former finance minister at the heart of policy-making in President Jacob Zuma's first cabinet.
Pride, Chevron agrees to terminate rig contract
Pride International Inc said it agreed with Chevron Corp to terminate the remaining contract term of a rig in West Africa, after an inspection revealed unacceptable levels of corrosion.
Savanna Energy to raise C$110.3 mln in bought deal
Canada's Savanna Energy Services Corp said it would raise C$110.3 million ($96 million) by way of a bought-deal financing to pay down the company's bank debt and for general corporate purposes.
Georgia talks end without result: opposition
Georgian President Mikheil Saakashvili met opposition leaders on Monday after a month of street protests aimed at forcing him from power.
Bidder field narrowed to a few for GM's Saab
Swedish carmaker Saab said on Monday the field of potential bidders for the General Motors unit had been narrowed down to a few candidates with a final sale to be agreed hopefully sometime in early summer
Pope in Israel, says will honor Holocaust dead
Pope Benedict used his first speech in Israel on Monday to remember the six million Jews killed by the Nazis and try to heal fresh wounds over his reinstatement of a bishop who denied the Holocaust.
Energizer to buy SC Johnson shaving cream business
Energizer Holdings Inc said on Monday that it planned to buy S.C. Johnson & Son Inc's Edge and Skintimate brands for about $275 million, adding shaving creams and gels to its Schick-Wilkinson Sword razor business.
U.S. denies using chemical in west Afghan battle
The U.S. military denied on Sunday it had used the incendiary chemical white phosphorus in a battle that killed civilians in west Afghanistan last week, after a rights group said it was investigating suspicious burns.
Mainland China confirms first case of new flu
Mainland China on Monday reported its first confirmed case of the new H1N1 strain of flu, a man in southwestern Sichuan province who had flown home from the United States.
King posts net loss, but results beat Street
King Pharmaceuticals Inc on Monday reported a quarterly net loss on acquisition and other charges, but results topped analyst estimates.
New flu spreads to China, kills third man in U.S.
The new flu strain spread to mainland China, state media reported on Monday, and killed a third person in the United States, as the number of cases of H1N1 influenza worldwide jumped to more than 4,300.
Bomber kills 10 in Pakistan as army battles Taliban
A suicide bomber killed 10 people at a security post in Pakistan on Monday as the army pressed on with an offensive against the Taliban in which the government said 700 militants had been killed.
Israeli PM in Egypt, prepares for White House trip
Israeli Prime Minister Benjamin Netanyahu was in Egypt on Monday for talks seen aimed at showing he can be a true Middle East peace partner before he heads to the White House on May 18.
Obama says healthcare overhaul could save trillions
President Barack Obama will aim on Monday to build support for a sweeping overhaul of the U.S. healthcare system by highlighting a drive for greater efficiency he predicts could save trillions of dollars.
Four big U.S. banks selling stock
Four big U.S. banks on Monday announced plans to sell more than $6 billion of common stock, in an effort to raise capital and repay funds received under the government's bank bailout program.
EU to find Intel anti-competitive: sources
EU antitrust regulators are expected to say this week that Intel Corp illegally paid computer makers to postpone or cancel the launch of products containing chips made by its main rival, sources familiar with the case said on Sunday.
Nortel posts wider loss as revenues plunge 37 percent
Nortel Networks Corp, the telecom equipment maker that filed for bankruptcy protection earlier this year, said on Monday its quarterly loss widened as the global economic downturn contributed to a sharp drop in revenue.
