Tuesday, April 28, 2009

SPB News for Tuesday.





Treasury Needs To Borrow Record $361B In Second Quarter

GM to cut another 21,000 jobs
Cuts by next year; Pontiac phased out, shares for debt exchange announced.

Bin Laden could be dead, whereabouts unknown: Zardari Pakistan's President Asif Ali Zardari said on Monday that the whereabouts of al Qaeda leader Osama bin Laden remained a mystery and there was a suspicion that he could be dead. Speaking to international media, Zardari said U.S. officials had told him that they had no trace of the al Qaeda chief, although they habitually say he is most likely in Pakistan.

Trial begins in former soldier's murder trial A federal prosecutor told a jury that the government will prove that former soldier Steven Green raped a 14-year-old girl and then murdered her and her family "not in the fog of war, but in cold blood." In an opening statement in a trial that is expected to last three to five weeks, Justice Department lawyer Brian Skaret said the government will present at least five witnesses who say Green bragged about the crimes, including one who says Green told his fellow soldiers that it was "awesome."

US court freezes assets of California financier
LOS ANGELES (Reuters) - The US Securities and Exchange Commission secured an emergency court order on Monday freezing the assets of California financier Danny Pang and two of his firms, accusing the Newport Beach resident of defrauding Asia-based ...

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