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GM emerges from bankruptcy

Posted: 07/10/2009 - A person briefed on the matter says General Motors Corp. has emerged from bankruptcy protection after signing papers to transfer the bulk of its assets to a new, leaner company majority-owned by the U.S. government.

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Madoff won't appeal 150-year sentence

Posted: 07/09/2009 - Disgraced financier Bernard Madoff has decided against appealing his 150-year sentence for a multi-billion dollar fraud.

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UN chief rebukes G8 for lack of climate action

Posted: 07/09/2009 - The U.N. secretary general has rebuked the Group of Eight leaders for failing to make more committments to reducing climate change in the near future.

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White House among targets of sweeping cyber attack

Posted: 07/08/2009 - The powerful attack that overwhelmed computers at U.S. and South Korean government agencies for days was even broader than realized, also targeting the White House, the Pentagon and the New York Stock Exchange.

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G8 agree on 2-degree celsius limit

Posted: 07/08/2009 - President Barack Obama and other leaders at the Group of Eight summit have struck a new agreement on fighting global warming.

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EU warns of antitrust probes into drug makers

Posted: 07/08/2009 - The European Union is warning of a wave of antitrust probes into major drug makers Wednesday, saying they were deliberately stalling cheaper generic medicines.

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South Korea: 20,000 computers used in cyber attack, North Korea suspected

Posted: 07/08/2009 - South Korea's Yonhap news agency says military intelligence officers are investigating the possibility that North Korean hackers may be behind suspected cyber attacks that have paralyzed Web sites of major South Korean government agencies, banks and Internet sites.

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Obama arrives for his first G8 summit

Posted: 07/08/2009 - President Barack Obama has arrived in the quake-ravaged Italian town of L'Aquila as the first Group of Eight summit of his presidency opened.

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