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GM debt swap fails; bankruptcy may be unavoidable

Posted: 05/27/2009 - General Motors Corp. says not enough of its bondholders agreed to swap their debt for company stock, meaning the automaker is almost certainly headed for bankruptcy protection.

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Recession to end this year?

Posted: 05/27/2009 - A survey of leading economic forecasters is suggesting an end to the recession later this year.

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Govt to announce billions today for green jobs, training

Posted: 05/26/2009 - Housing Secretary Shaun Donovan is scheduled to announce today that some of the $4 billion in public housing money from the economic stimulus package will focus on improving energy efficiency.

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Vatican launches Facebook application

Posted: 05/22/2009 - Pope Benedict XVI has entered the world of social networking sites and smartphones with a Vatican portal that includes Facebook and iPhone applications.

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Gates defends decision to close Gitmo

Posted: 05/22/2009 - Defense Secretary Robert Gates says the Obama administration had no choice but to order the shutdown of the prison at Guantanamo because "the name itself is a condemnation" of U.S. anti-terrorism strategy.

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3 soldiers killed in Baghdad bombing

Posted: 05/21/2009 - The U.S. military says 3 soldiers have been killed and nine others wounded in a roadside bombing in southern Baghdad.

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Initial US trial set for Gitmo detainee

Posted: 05/21/2009 - The Obama administration is pressing ahead with its plan to close the Guantanamo Bay detention center, deciding to put a "high value" detainee on trial in New York City despite resistance from some in Congress.

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NYC police: Terror suspects wanted to commit jihad

Posted: 05/21/2009 - The New York City police commissioner says four men wanted to commit jihad when they plotted to bomb a Jewish temple and shoot down military planes in upstate New York.

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At least 98 dead in Indonesia crash

Posted: 05/20/2009 - Indonesian authorities now say at least 98 people were killed in today's crash of a military plane carrying troops and their families.

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Source says Vick has left federal prison

Posted: 05/20/2009 - A person familiar with the release details says suspended NFL star Michael Vick has left a Kansas prison to begin home confinement in Virginia.

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New rules to provide cleaner cars, trucks

Posted: 05/19/2009 - A White House environmental adviser says the administration plan to combine tighter emission standards with higher fuel efficiency will protect consumer choice and provide cleaner vehicles.

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Blue whales returning to former Alaska waters

Posted: 05/18/2009 - Scientists say one of the largest animals to ever live on earth is returning to Alaska in search of food and could be re-establishing an old migration route.

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