Entries for May 2009

Sotomayor's record may not be as liberal as thought
May 28, 2009
by Mark Sherman The Associated Press In more than 16 years as a federal judge, Sonia Sotomayor has often sided with people claiming discrimination in education and employment. She’s backed police and prosecutors over defendants. She’s upheld assert...
Crude prices up ahead of OPEC meeting
May 28, 2009
by Mark Williams The Associated Press Oil and gasoline prices continued to push higher Wednesday on signs that the U.S. recession may be easing and that demand for energy could rebound. Benchmark crude for July delivery rose 61 cents to $63.06 a b...
GM: Bondholder offer fails
May 28, 2009
by Dan Strumpf The Associated Press General Motors Corp. bankruptcy filing seemed inevitable after a rebellion by its bondholders forced it to withdraw on Wednesday a plan to swap bond debt for company stock. GM has until Monday to complete a gove...
UAW to get 17.5 percent of GM shares
May 27, 2009
by Tom Krisher The Associated Press General Motors Corp. will give the United Auto Workers union 17.5 percent of its common stock, $6.5 billion of preferred shares and a $2.5 billion note to fund a trust that will take over retiree health care cost...
Consumer confidence up in May
May 27, 2009
by Anne D'Innocenzio The Associated Press Consumer confidence extended its rebound in May, soaring to the highest level since last September as more shoppers are feeling the worst of the recession is behind them. The Conference Board said Tuesday ...