GM to file for bankruptcy early Monday: Report

WASHINGTON - US auto giant General Motors is expected to file its bankruptcy papers at 8 a.m. (1200 GMT) in New York, the Wall Street Journal reported online Sunday.

SPIN METER: Is Sotomayor a blue-collar Latina or wealthy elite? Careful how you answer

WASHINGTON — There are two sides to Supreme Court nominee Sonia Sotomayor: a Latina from a blue-collar family and a wealthy member of America’s power elite.

Pope calls for Palestinian homeland at start of Israel visit aimed at easing strains with Jews

TEL AVIV, Israel — Pope Benedict XVI called for the establishment of an independent Palestinian homeland immediately after he arrived in Israel Monday, a stance that could put him at odds with his hosts on a trip aimed at easing strains between the Vatican and Jews.

Bhullar extends lead to nine strokes at Players Championship

AAMBY VALLEY - Gaganjeet Bhullar produced a six under 66 in round three of the PGTI Players Championship presented by Aamby Valley Golf Club to extend his lead to nine strokes here Friday.

UBS confirms 2 billion francs net loss in 1st quarter, client withdrawals continue

ZURICH — UBS AG, the Swiss bank hit hard by the financial crisis and a U.S. legal probe into its American clients’ offshore accounts, reported Tuesday a first-quarter net loss of 1.98 billion Swiss francs ($1.73 billion) and said it expects loan losses to keep rising.

SEC chief: agency considering tighter regulation of money-market funds to protect investors

WASHINGTON — The Securities and Exchange Commission is considering how regulation of money-market mutual funds could be tightened to better protect investors, the head of the agency said Monday.

Executive at Dallas investment firm faces charges in pay-to-play probe at NY pension fund

NEW YORK — An influence-peddling scandal that began in New York, but is now expanding to other states, broadened Thursday as authorities brought criminal charges against a Dallas executive whose firm advises some of the country’s biggest public pension funds.

Tata owned Jaguar rescue bid in doubt due to warring Brit departments

LONDON - The wrangling between the Treasury Department and the Lord Mandelson-led Business Department might delay an 800 million pound emergency package for the Tata owned Jaguar Land Rover.

Nomura Holdings sees record net loss for 2008-09

TOKYO - Japan’s largest brokerage house, Nomura Holdings Inc, incurred a record net loss for the year ended March March 31, the firm said Friday.

Lindsay Lohan to launch her own fashion range

LONDON - Hollywood singer-actress Lindsay Lohan has announced she is launching her own fashion range with US retailer J.C. Penney.

Maoists kill four in Jharkhand

RANCHI - Maoist guerrillas have shot dead four security guards of a proposed power plant in Jharkhand’s Latehar district, police said Monday.

GM’s Henderson possible interim chief after Wagoner

NEW YORK - Frederick ‘Fritz’ Henderson, second in command at beleaguered General Motors Corp (GM), is the likely candidate to take over the firm amidst reports that GM head Rick Wagoner has been asked to leave by the US government, media reports said.

Bradman’s son moves court against commercial use of name in India

MELBOURNE - Sir Donald Bradman’s son has sued the law firm that allowed the legendary cricketer’s name to be used to sell biscuits in India, saying that his father’s identity is not ‘a brand name, like Mickey Mouse’.

US Congress wants AIG bonuses back

WASHINGTON - The US Congress Wednesday tapped into growing public ire over bailed-out insurance giant AIG’s payment of bonuses as legislators explored ways to reclaim $165 million from the company and its employees.

AIG, Obama under fire as as Congress, public take aim

WASHINGTON - The US Congress tapped into growing public ire over bailed-out insurance giant AIG’s payment of bonuses as legislators Wednesday explored ways to reclaim the $165 million.

‘Most Indians don’t think of fashion when buying shoes’

NEW DELHI - Satyam’s fallen head Ramalinga Raju owned a whopping 321 pairs of shoes, but most Indians are content with a few, which they choose for comfort and durability rather than fashion, much to the chagrin of the footwear industry.

TDP, Left demand probe against Andhra Pradesh chief minister

NEW DELHI - Telugu Desam Party (TDP) and the Left Friday demanded a probe against Andhra Pradesh Chief Minister Y.S. Rajashekhar Reddy for alleged complicity in Rs.70 billion fraud at Satyam Computers.

Obama caps executive salaries of firms seeking federal aid

WASHINGTON - US President Barack Obama Wednesday announced tough restrictions on the salaries of Wall Street executives seeking government aid and slammed financial firms for shirking their responsibilities as the country suffers a severe recession.

Nadal rebels against new anti-doping code

MELBOURNE - A group of 65 sportsmen already challenged it before Belgian courts, but the new World Anti-Doping Code received a severe blow from one of the biggest names in sport, tennis world No.1 Rafael Nadal.

Fund makes hostile bid on Raghav Bahl’s cinema firm

NEW DELHI - In what appears to be a hostile bid on The Indian Film Company Ltd (IFC), one of its investors has sought the removal of its promoter-director Raghav Bahl, who runs the Network 18 group.

Jaguar Land Rover cuts jobs at British plants

LONDON - Ailing British luxury carmaker Jaguar Land Rover is to axe 450 jobs, including those of 300 managers, as part of a cost-cutting scheme following a ’severe reduction’ in demand for new cars, the company said Wednesday.

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