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Blazewada
Mudiripoyina Bewarse
Username: Blazewada
Post Number: 2934
Registered: 08-2008
Posted From: 220.255.7.239
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, June 01, 2009 - 2:35 am: |
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Ante 2010 ki naa H1B ki pattina dummu dulapachaa!!?
New politics for a New Generation - 
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Blazewada
Mudiripoyina Bewarse
Username: Blazewada
Post Number: 2933
Registered: 08-2008
Posted From: 220.255.7.235
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, June 01, 2009 - 2:33 am: |
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GM to file for bankruptcy early Monday: Report
Washington: US auto giant General Motors is expected to file its bankruptcy papers at 8 a.m. (1200 GMT) in New York, the Wall Street Journal reported online Sunday.
The auto industry has been bracing for weeks for the expected bankruptcy declaration by the country's largest car maker, but the exact plans have not been previously reported.
GM is expected to name Al Koch, a managing director at the firm AlixPartners LLP, as its chief restructuring officer as the firm seeks protection under Chapter 11 of the bankruptcy laws, the Journal reported, quoting unnamed sources..
US President Barack Obama is expected to speak as the government deadline to prove financial viability expires on Monday. GM head Fritz Henderson is scheduled to make comments at 1700 GMT from New York.
Koch oversaw other turnaround moves, including the bankruptcies of KMart Corporation.
New politics for a New Generation -
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Blazewada
Mudiripoyina Bewarse
Username: Blazewada
Post Number: 2932
Registered: 08-2008
Posted From: 220.255.7.236
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, June 01, 2009 - 2:32 am: |
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Washington: A panel of top economists in the US forecast an end to the country's deep recession by late 2009, according to a survey released Wednesday.
The National Association of Business Economists (NABE), which surveyed 45 economists, said the US economy had shown some signs of stabilising but would still recover more slowly than in past downturns.
The panel still expected the US economy to contract 1.8 percent in the second quarter, after a massive 6.1-percent contraction in the first three months of the year. But the survey predicted growth of 1.2 percent in the second half of the year.
"The good news is that the NABE panel expects economic growth to turn positive in the second half of this year, with the pace of job losses narrowing sharply over the remainder of this year and employment turning up in early 2010," NABE's president Chris Varvares said in a statement.
New politics for a New Generation -
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