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	<title>News Vulture &#187; Barak Obama</title>
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	<link>http://www.newsvulture.com</link>
	<description>Focusing on Corruption in India. Bringing out the profiles most crooked in India.</description>
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		<title>US Govt, Fiat to Decide Chrysler Future</title>
		<link>http://www.newsvulture.com/2009/04/17/us-govt-fiat-to-decide-chrysler-future/</link>
		<comments>http://www.newsvulture.com/2009/04/17/us-govt-fiat-to-decide-chrysler-future/#comments</comments>
		<pubDate>Fri, 17 Apr 2009 12:27:32 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[World News]]></category>
		<category><![CDATA[Barak Obama]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Fiat]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[U.S. Automakers]]></category>
		<category><![CDATA[U.S. President]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=426</guid>
		<description><![CDATA[Chrysler LLC&#8217;s future leadership will be determined by the U.S. government and Fiat SpA if Chrysler succeeds at merging with the Italian auto maker. Chrysler Chief Executive Officer Bob Nardelli, in a note to employees obtained by Dow Jones Newswires, said a new board of directors will be appointed by the federal government and Fiat once a deal is completed. The majority of the directors will be independent. &#8220;The board will have the responsibility to appoint a chairman,&#8221; Nardelli said in the letter distributed to employees via e-mail on Thursday. &#8220;The board also will select a CEO with Fiat&#8217;s concurrence.&#8221; Nardelli&#8217;s comments clarify speculation on who will control Chrysler if a merger deal with Fiat is completed and what role Nardelli might play in that new company. Chrysler is racing to secure new union cost-cutting deals, reduce its debt and ink a Fiat partnership before the federally mandated April 30 deadline. The Obama administration said it would not provide Chrysler additional access to low-interest loans if the requirements are not met, which could result in the third-largest U.S. auto maker filing for bankruptcy protection.]]></description>
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		<title>Glaxo – Pfizer enters deal</title>
		<link>http://www.newsvulture.com/2009/04/17/glaxo-%e2%80%93-pfizer-enters-deal/</link>
		<comments>http://www.newsvulture.com/2009/04/17/glaxo-%e2%80%93-pfizer-enters-deal/#comments</comments>
		<pubDate>Fri, 17 Apr 2009 12:08:57 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[Health]]></category>
		<category><![CDATA[Barak Obama]]></category>
		<category><![CDATA[Drugs]]></category>
		<category><![CDATA[GlaxoSmithKline]]></category>
		<category><![CDATA[HIV]]></category>
		<category><![CDATA[HIV Drug]]></category>
		<category><![CDATA[Pfizer]]></category>
		<category><![CDATA[Philadelphia]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[Wyeth]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=417</guid>
		<description><![CDATA[GlaxoSmithKline P.L.C. and Pfizer Inc. announced a deal that would combine their HIV operations into a new company that would account for almost 20 percent of sales of drugs to fight the virus. In recent years, competitors, most notably Gilead Sciences Inc. and Bristol-Myers Squibb Co., have seized the lead in sales of HIV drugs. That pressure is especially intense in the competition for new drugs to treat HIV, the virus that causes AIDS. Demand for new HIV drugs is constant because the disease changes quickly. While demand for HIV drugs &#8211; especially new ones &#8211; is strong, companies often cannot charge high prices for them. Most people who have HIV live in extremely poor countries, with little or no ability to pay for drugs. Even in wealthier countries, the drugs are so crucial to survival that high prices create political furor that keeps a lid on what companies can charge. More broadly, the Obama administration is seeking to lower prescription costs for all drugs. London-based Glaxo, which employs about 4,500 people in the Philadelphia area, will own about 85 percent of the new firm. New York-based Pfizer will own the remainder. Pfizer expects to complete the acquisition of Wyeth, [...]]]></description>
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		<title>GM CEO Resigns</title>
		<link>http://www.newsvulture.com/2009/03/30/gm-ceo-resigns/</link>
		<comments>http://www.newsvulture.com/2009/03/30/gm-ceo-resigns/#comments</comments>
		<pubDate>Mon, 30 Mar 2009 13:42:40 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[World News]]></category>
		<category><![CDATA[Barak Obama]]></category>
		<category><![CDATA[General Motors]]></category>
		<category><![CDATA[Obama]]></category>
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		<category><![CDATA[Wagoner]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=335</guid>
		<description><![CDATA[Chairman and CEO of General Motors Corp., Rick Wagoner has resigned as head of the Detroit automaker. In a statement, Wagoner said he stepped aside at the request of the Obama Administration. Replacing him as CEO is Fritz Henderson, GM’s president and chief operating officer. Kent Kresa was named interim non-executive chairman of the board of directors. Kresa is chairman emeritus of Northrop Grumman Corp., and a GM director since 2003. Wagoner’s departure comes at a time when the company and the U.S. auto industry is reeling under pressure from foreign automakers and effects of the worst global recession in 70 years. GM has received $13.4 billion in government loans and is asking for another $16.6 billion to help sustain it during the worst downturn in auto sales in 27 years. GM and Chrysler LLC, which also has received federal aid but might not survive, must show the government the extent of the restructuring they have enacted to become profitable.]]></description>
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		<title>Obama invites for Energy Forum</title>
		<link>http://www.newsvulture.com/2009/03/29/obama-invites-for-energy-forum/</link>
		<comments>http://www.newsvulture.com/2009/03/29/obama-invites-for-energy-forum/#comments</comments>
		<pubDate>Sun, 29 Mar 2009 10:18:17 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[World News]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Barak Obama]]></category>
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		<category><![CDATA[Canada]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Indonesia]]></category>
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		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Korea]]></category>
		<category><![CDATA[Mexico]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[South Africa]]></category>
		<category><![CDATA[U.S. President]]></category>
		<category><![CDATA[United Kingdom]]></category>
		<category><![CDATA[White House]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=322</guid>
		<description><![CDATA[On Saturday the White House announced, President Barack Obama has invited the leaders of 16 major economies to Washington for a forum on energy and climate next month. Obama, who recently turned his attention to the need for more clean-energy funding, has also asked U.N. Secretary-General Ban Ki-moon to attend. The forum, scheduled for April 27-28, seeks to &#8220;generate the political leadership necessary&#8221; for a successful outcome at the U.N. climate change negotiation to be held in Copenhagen, Denmark, in December, the White House said in a statement. Aside from the United States, the 16 other major economies are Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, South Africa and the United Kingdom.]]></description>
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		<title>GM CEO Meets U.S. Officials</title>
		<link>http://www.newsvulture.com/2009/03/28/gm-ceo-meets-us-officials/</link>
		<comments>http://www.newsvulture.com/2009/03/28/gm-ceo-meets-us-officials/#comments</comments>
		<pubDate>Sat, 28 Mar 2009 12:47:06 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[World News]]></category>
		<category><![CDATA[Barak Obama]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Fiat]]></category>
		<category><![CDATA[General Motors]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[U.S. Automakers]]></category>
		<category><![CDATA[White House]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=313</guid>
		<description><![CDATA[With the White House set to announce more financial aid for General Motors and Chrysler on Monday, the Obama administration&#8217;s automotive task force met yesterday, and GM chief executive G. Richard Wagoner Jr. visited with officials. On Thursday, President Obama said that the administration&#8217;s aid package would require the companies to make &#8220;painful&#8221; and &#8220;pretty drastic&#8221; changes. It is not known how much more financial assistance would be offered or what conditions would be attached. Separately, Fiat chief executive Sergio Marchionne said Fiat Group&#8217;s deal to take a 35 percent share of Chrysler is likely to change, adding that the Italian automaker can help the U.S. company. Under the nonbinding agreement, Fiat would take a 35 percent stake in the U.S. automaker in exchange for small-car technology, transmissions and other items that Chrysler has valued at up to $10 billion.]]></description>
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