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U.S. judge approves sale of GM assets

Mon, 06 Jul 2009 02:12:10 EDT

A U.S. federal judge in the GM bankruptcy case approves the sale of the troubled automaker's assets to a "new GM," court documents showed.

BASF to shed 3,700 jobs by 2013

Mon, 06 Jul 2009 11:01:14 EDT

German chemicals giant BASF announced Monday that it plans to cut some 3,700 jobs by 2013 as part of a restructuring plan.

UK fraud authorities to probe MG Rover collapse

Mon, 06 Jul 2009 08:21:29 EDT

The circumstances surrounding the 2005 collapse of carmaker MG Rover are to be investigated, the British government confirmed Monday.

Wall St. faces reality check

Sat, 04 Jul 2009 15:57:21 EDT

A dismal jobs report has set the stage for what could be a month of reality checks on Wall Street as, reports CNN Money, with a second-quarter rally giving way to what could be a rocky third quarter.

Better search for the Twitter age

Wed, 01 Jul 2009 10:41:09 EDT

When Iran cracked down on journalists following its recent election, international focus turned to Twitter as citizen journalists posted 140-character reports and links to photos and videos to the site. Trouble was, it was hard to sift the useful and reliable nuggets of information from scores of tweets that included plenty of spam, useless remarks, and stray sentiments.

Ex-oil magnate must admit guilt, says Medvedev

Sun, 05 Jul 2009 07:23:11 EDT

Any attempt to pardon Mikhail Khodorkovsky -- once Russia's richest man, now its most famous inmate -- must follow standard procedure, including an admission of guilt, the nation's president said Sunday.

Fake Tamiflu 'out-spams Viagra on Web'

Fri, 03 Jul 2009 12:55:30 EDT

The number of Internet scammers offering fake anti-swine flu drug, Tamiflu has surpassed those selling counterfeit Viagra, a UK body said Friday.

Myanmar: Do economic sanctions work?

Sun, 05 Jul 2009 20:58:55 EDT

Be it Iran or North Korea, economic sanctions are a well-used weapon in the diplomatic arsenal for dealing with international disputes. But do they work? CNN's Pauline Chiou analyzes the issue.

Air India staff strike to protest wage delay

Fri, 03 Jul 2009 07:28:59 EDT

About 13,000 employees at state-run Air India walked off the job Friday for two hours after the airline failed to pay their monthly wage.

Recession bites into celebrity chef's profits

Fri, 03 Jul 2009 07:16:50 EDT

Profits at celebrity chef Gordon Ramsay's British restaurants plunged by nearly 90 percent in the last 12 months.