World News

General world happenings and politics.

Chrysler and Union enter Deal

April 27, 2009
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U.S. automaker Chrysler showed signs of progress with its unionized workers in its battle to stay alive on Sunday with just days left to complete deals to slash labour and debt costs or face bankruptcy. No. 1 U.S. automaker General Motors is also restructuring in an effort to secure the government funding it needs...

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Chrysler preparing to file Bankruptcy

April 24, 2009
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Chrysler LLC is preparing to file for Chapter 11 bankruptcy protection as soon as next week, whether or not it reaches a deal with its lenders or forges an alliance with Fiat SpA, said several people familiar with the matter. If an agreement with the car maker’s lenders can be reached, Chrysler would file...

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Hackers didn’t steal critical data about the latest fighter jet

April 22, 2009
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The Pentagon and Lockheed Martin, the lead defense contractor for the new F-35 Joint Strike Fighter, suggested yesterday that cyber-attacks had not caused any serious security breaches in the Pentagon’s most expensive weapons program. Still, defense and corporate officials said attacks on the Pentagon as well as the F-35 program are constant and former...

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