Newsroom

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...
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...
Banks earned $7.6 billion in first quarter after record loss in fourth
May 28, 2009
by Marcy Gordon The Associated Press America’s banks turned a profit in the first quarter, but the number of troubled banks jumped to the highest level in 15 years and tough conditions persist for the industry, the government said Wednesday. The F...
Obama makes his selection
May 27, 2009
by Larry Neumeister The Associated Press Sonia Sotomayor’s path to the pinnacle of the legal profession began in the 1960s at a Bronx housing project just a couple blocks from Yankee Stadium, where she and her family dealt with one struggle after a...
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...