Shareholders stripped Kenneth D. Lewis of his chairman’s title in a vote that may mark the beginning of the end of his leadership at the embattled bank.
The Treasury Department has sweetened its offer to holders of Chrysler’s secured debt in a last-minute attempt to keep the iconic American automaker out of bankruptcy court, according to people briefed on the matter.
The government reported gross domestic product shrank at a 6.1 percent yearly rate, but the numbers suggested that the worst of the recession may be easing.
AP - Global health authorities warned Wednesday that swine flu was threatening to bloom into a pandemic, and the virus spread farther in Europe even as the outbreak appeared to stabilize at its epicenter. A toddler who succumbed in Texas became the first death outside Mexico. New cases and deaths finally seemed to be leveling off in Mexico, where 160 people have been killed, after an aggressive public health campaign.
AP - His first 100 days behind him, President Barack Obama expressed confidence about the next hundred and accelerated his drive toward contentious goals — sweeping health care overhaul, new rules to curb global warming and financial sector reform — even while working to end a recession and two wars.
AP - From Egypt's order that all 300,000 pigs in the country be slaughtered to travel bans and putting the kibosh on kissing, the world is taking drastic — and some say debatable — measures to combat swine flu.
President Obama tonight will say that while he is pleased with the country's progress, he's "not satisfied" yet. Given the economic, domestic and global challenges ahead, "you can expect an unrelenting, unyielding effort from this administration to strengthen our prosperity and our security -- in the second hundred days, and the third hundred days, and all the days after," Obama will say at his prime time news conference, according to excerpts.
The House of Representatives passed a $3.44 trillion budget resolution for fiscal year 2010 Wednesday, approving most of President Obama's key spending priorities and setting the federal government in a new direction with major increases for energy, education and health care programs.
The World Health Organization raised its pandemic alert to its second-highest level Wednesday, indicating the outbreak of swine flu that originated in Mexico is nearing widespread human infection. Dr. Margaret Chan, the U.N. agency's director-general, said the decision to raise the alert to level five on its six-point scale means all countries "should immediately now activate their pandemic preparedness plans."