(PTI): A majority of General Motors bondholders have reportedly agreed to support a plan which would allow them to hold up to 25 percent of the company’s stake.
Bondholders with slightly more than 50 percent of GM’s $27.2 billion in debt agreed to support the plan, which means that GM is moving
General Motors’ bondholders agree to support restructuring plan
Published in May 31st, 2009
Posted by The Business Time in Business
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Sexual harassment and rape of Iraqi prisoners at US-run Abu Ghraib by US soldiers
Published in May 30th, 2009
Posted by The Business Time in World
(PTI): Photos obtained by Press TV reveal alleged sexual harassment and rape of Iraqi prisoners at US-run Abu Ghraib detention center by American soldiers.
The alleged pictures illustrate American soldiers raping and sexually harassing Iraqi detainees. Wayne Madsen, an investigative journalist from Washington, told Press TV that there was a lot
Israel with India fueling arms race in Asia
Published in May 30th, 2009
(PTI): India receives a delivery of its first Airborne Warning and Control System (AWACS) plane from Israel amid growing arms race between New Delhi and Islamabad.
The delivery is the first of three units that Israel Aerospace Industries agreed to sell to India as part of a 2004 deal. “The remaining two are expected to be [...]
US planning for cyberwar
Published in May 30th, 2009
Posted by The Business Time in Technology
(PTI): The Pentagon is planning to establish a cybercommand to manage its future offensive and defensive conduct in the cyberspace.
The cybercommand will combine its efforts with already-in-place civilian attempts to better protect US computer networks against cyber attacks, allegedly posed
US government to own 72% of Fallen US auto giant General Motors
Published in May 30th, 2009
Posted by The Business Time in Business
(PTI): Fallen US auto giant General Motors pulled back from the brink, winning government and bondholder support for a new restructuring plan.
GM, kept afloat so far with USD 19b in taxpayer money, had been facing a deadline on Monday to come up
Israeli air strikes killing 119 people in Sudan
Published in May 26th, 2009
Posted by The Business Time in World
(PTI): Sudan’s defense minister says an air raid in an eastern desert earlier this year, which Israel is suspected of carrying out, hit a people-smuggling convoy and killed 119 people.
The twin attacks in January and February near the border between Sudan and Egypt are still under investigation, official media quoted Abdel Rahim Muhammad Hussein as [...]
