Former General Motors CEO Rick Wagoner, ousted in March by the Obama administration, will retire in August with a package worth $8.6 million in the first five years.
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The new General Motors, less than a week out of bankruptcy, is grappling with weak U.S. sales so far in July, CEO Fritz Henderson said today. After June’s seasonally adjusted annual sales rate slipped to 9.
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BreakingNews: Chen Tonghai, the former chairman of the China Petroleum & Chemical Group, was sentenced to death for bribery, Xinhua reported.
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BreakingNews: Tropical depression Five forms in Eastern North Pacific, forecasters say. No threat to land.
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BreakingNews: China’s foreign exchange reserve topped 2.13 trillion U.S. dollars by the end of June, up 17.84 percent year on year – State media.
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General Motors and Chrysler Group are in talks with lawmakers to try to fashion a new agreement on dealer closings and avoid legislation that would unwind the closing of thousands of these stores, spokesmen for the two companies said.
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BreakingNews: Nigeria’s main militant group says a 60-day ceasefire went into effect four minutes ago.
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BreakingNews: AP: Ousted Honduran president says Honduran people ‘have the right to insurrection.’
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BreakingNews: The Seattle Times reports that Boeing is set to lay off about 1,000 people due to Pentagon budget cuts.
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BreakingNews: KOTV: Tulsa Jewish Center in Tulsa, Oklahoma evacuated after bomb found in trash can.
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