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Exclusive: ‘Make Wall St. Pay’ campaign debuts by occupying bank branch, House speaker’s office

A new campaign by a national network of activists kicked off Monday morning with a splash as it led hundreds of fed up homeowners in a series of protests that brought business to a halt at a major bank and the House speaker’s office. The National People’s Action network picked…

General Motors back in black after rescue

NEW YORK — Leading US carmaker General Motors was back in the black after a massive government rescue, reporting Thursday full year net earnings of $4.7 billion for 2010 after deep losses in the previous year. In its first annual report since emerging from bankruptcy reorganisation, GM said it had…

GM says sales up 12.2 percent

General Motors Monday said its sales increased 12.2 percent in 2010, boosted by record sales in China, to touch 8.3 million vehicles compared to 7.4 million in 2009. GM achieved double-digit increases in five of its top 10 markets, including the 28.8 percent increase in China, where the Detroit-based firm…

Obama taps General Electric chairman to lead economic council

President Barack Obama announced Friday that General Electric (GE) Chairman and CEO Jeffrey Immelt will chair the President’s Council on Jobs and Competitiveness. The new council was to replace the Economic Recovery Advisory Board headed by Paul Volcker. In making his announcement, Obama said Volcker’s panel had pulled the economy…

Sen. Sanders wants Comcast-NBC deal halted

Vermont Senator Bernie Sanders thinks MSNBC anchor Keith Olbermann was suspended for a “bogus” reason and wants to know: “What will prevent the same thing from happening to Rachel Maddow, Ed Schultz and other progressives?” The Independent senator, who caucuses with Democrats, explained that the whole fracas over Olbermann’s political…

Keith Olbermann returns to MSNBC on Tuesday: network president

The fracas over Keith Olbermann’s suspension is coming to an end. Phil Griffin, president of MSNBC, announced Sunday night via email that the network’s lead liberal anchor, suspended after the disclosure of several political donations, will return to airwaves on Tuesday. “After several days of deliberation and discussion, I have…

Constitutional law professor predicts Supreme Court will give Ashcroft absolute immunity

Turley: Obama administration attempt to set new precedent is ‘disgusting’ A Supreme Court ruling could grant “absolute immunity” to former US Attorney General John Ashcroft and set a dangerous precedent in a 9/11-related lawsuit, according to George Washington University constitutional law professor Jonathan Turley. The high court agreed Tuesday to…

VT judge weighs cell phone tracking suit by ACLU

Vermont judge weighs ACLU case over state’s use of cell phone tracking A Vermont judge heard arguments but didn’t rule Monday on a lawsuit aimed at forcing the state to reveal whether and how its criminal investigators use cell phone tracking technology to keep tabs on people and their whereabouts.…

British Attorney General moves toward re-opening investigation into mysterious death of Iraq weapons inspector

The United Kingdom’s top law enforcement official has taken possession of secret files surrounding the death of a prominent WMD researcher who was found dead in the months after the invasion of Iraq. David Kelly, once employed by the British Defense Ministry, was a former UN weapons inspector who had…

General Electric pays $23 million to settle Iraq bribery charges

US industrial titan General Electric has agreed to pay over 23 million dollars to settle allegations that it bribed Iraqi officials, a US financial watchdog said on Tuesday. GE had been accused by the Securities and Exchange Commission of being part of “a 3.6 million dollar kickback scheme with Iraqi…

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