With an almost certain bankruptcy filing days away, General Motors is beginning its reinvention, planning to retool one factory to make its smallest vehicles ever in the U.S. and rid itself of the biggest. As GM’s board began two days of meetings Friday to…

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GeneralMotors – United States – Bankruptcy – GM – U.S

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With bankruptcy looming, a new GM begins to emerge

NEW YORK (Reuters) – Wall Street faces a historic shake-up next week as General Motors, a pillar of American industry, heads into bankruptcy, but the market could advance further if economic data signals the worst of the recession has passed.

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Economic optimism may trump GM bankruptcy

Cuba criticized Microsoft on Friday for blocking its Messenger instant messaging service on the island and in other countries under U.S. sanctions, calling it yet another example of Washington’s “harsh” treatment of Havana. The technology giant recently…

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Cuba criticizes Microsoft blocking Messenger

Computer networking gear maker Cisco Systems Inc. on Friday said current fourth-quarter earnings per share will be 2 cents to 3 cents lower due to a tax-related charge. San Jose, Calif.-based Cisco said in a Securities and Exchange Commission filing that the…

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Cisco Systems – San Jose California – Vendors – Data Communications – Manufacturers

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Cisco to record $130 million tax-related charge

Homebuilder Lennar Corp. is pitching a plan to resolve the bankruptcy of the 21,000-home Newhall Ranch project, which is on the last major tract of undeveloped land in Los Angeles County. Lennar, a former co-owner of the project, sold most of its 50-percent…

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Los Angeles County California – Southern California – California – United States – Los Angeles

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Lennar tries to reclaim role in huge SoCal project

DENVER (Reuters) — A U.S. judge has given final approval to $695 million in settlements to shareholders suing Qwest Communications International Inc for securities fraud.

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U.S. judge gives final OK for Qwest suit settlement

River views, granite countertops, stainless-steel appliances, 9-foot ceilings. This is student housing? When classes start this fall _ if all goes as planned _ more than 300 students at Johnson & Wales University will be living in Capitol Cove, an upscale…

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Johnson & Wales University – Stainless steel – Business – Metals – Materials

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Empty condos give universities new dorm space

With an almost certain bankruptcy filing days away, General Motors is beginning its reinvention, planning to retool one factory to make its smallest vehicles ever in the U.S. and rid itself of the biggest. As GM’s board began two days…

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GM shows more signs of restructuring

The California attorney general’s office has filed eight lawsuits alleging that charities in four counties squandered millions of dollars of donations intended to help police, firefighters and veterans. The lawsuits filed Friday in Los Angeles, Orange, San…

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Los Angeles – California – United States – Orange – Attorney general

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California AG suits claim deception by charities

Former eBay chief executive Meg Whitman sketched a broad agenda Friday to reclaim a state in crisis after her campaign for California governor landed the endorsement of 2008 presidential nominee John McCain. While providing scant details on how she would…

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Meg Whitman – California – eBay – John McCain – Politics

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John McCain backs Meg Whitman for Calif. governor

SEAN MASTERSON/EPAA file photograph showing pumps drawing petroleum from oil wells near Taft, Calif. on May 18, 2008. The price of crude oil once again seems to be defying the economic forces of gravity. View chart of oil price performance….

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Oil rises on hopes rebound is near

Wall Street sealed the third month of its spring rally with a huge advance. The fourth month looks a little less certain. Stocks shot higher right before the closing bell today after fluctuating on a mix of economic data. Analysts…

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Stocks end week on high note

ATLANTIC CITY — No new bids for the Tropicana Casino and Resort were submitted by the today’s deadline, but a lawyer involved in the bankruptcy court auction said an after-hours offer from a potential purchaser might still materialize. It was…

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No new bids to acquire Atlantic City’s Tropicana Casino

NEW YORK (Reuters) – A federal judge on Friday approved New York Attorney General Andrew Cuomo’s request to delay the U.S. Securities and Exchange Commission’s pension kickback case, rejecting defense attorneys’ arguments that this could give the federal regulator an unfair advantage.

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NY AG wins court OK staying SEC pension case

After weeks of delay, the Federal Housing Administration today explained how first-time homebuyers will be able to get loans to get what amounts to an advance on an $8,000 tax credit to use for their down payment. Most borrowers will…

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Tax credit advance loan details released for first time homebuyers