The future of thousands of car industry jobs in Europe remained uncertain Monday as General Motors prepared to file for bankruptcy after reaching a deal to sell off its European operations, including German automaker Opel and UK-based Vauxhall. GM will file a bankruptcy petition at 8 am ET (12 pm GMT), paving the way for a de facto government takeover, according to a source with direct knowledge of the bankruptcy proceedings.
Tag Archives: business
European Train Travel: Working on the Railroad
As any of the millions of young people who have roamed the Continent with a pack on their back and Eurail pass in hand can attest, there is something quintessentially European about traveling by train. Or was.
10 Ways Twitter Will Change American Business
Microblogging platform Twitter has 32 million users, an increase from about 2 million a year ago, according to research mentioned in the Wall Street Journal. Some Internet measurement services show that figure increasing 50% to 100% month over month.
Phil Spector gets 19 years to life for murder of actress
Music producer Phil Spector was sentenced Friday to the maximum sentence of 19 years to life for the murder six years ago of actress Lana Clarkson. That means Spector, 69, would be 88 before he would be eligible for parole.
Oil Prices: It Gets Worse
Oil prices hit a record high of $97 a barrel on Tuesday, but the next generation of consumers could look back on that price with envy. The dire predictions of a key report on international oil supplies released Wednesday suggest that oil prices could move irreversibly over the $100-a-barrel threshold in the not too distant future, as the global economy faces a serious energy shortage
Rick Steves, Travel Guide
Rick Steves, perhaps America’s most accomplished European tourist, was looking for a cheap but charming steak place in the ancient Tuscan town of Montepulciano last month. Following a local lead, he ducked into an osteria he’d never noticed before: a vaulted medieval cellar jammed with locals sitting at a common table. A man worked an open fire at the back of the room.
No Stress: Pricey Yoga Mats Sell Briskly in Recession
It’s no secret that luxury has taken a beating in the Great Recession.
Contractors in fatal shooting say they’re scapegoats
Two U.S. security contractors involved in the shooting death of an Afghan civilian said they were pressured to say they had been drinking in order to protect the company’s contract
GOP walks fine line on opposing Sotomayor
The Republican Party risks further alienation from Hispanics by challenging the nomination of Sonia Sotomayer, who would become the first Hispanic, and third woman, on the Supreme Court. On Tuesday, President Obama nominated 54-year-old Sotomayor — who is of Puerto Rican descent — to replace the retiring Justice David Souter. Sotomayer is a judge on the 2nd U.S.
Nominations open for world’s worst in travel
Tired of the tripe being dished up by some of his contemporaries, one travel writer has launched his own bid to find the worst of the worst in the tourism industry. “There are enough carrots in this business, they need to have someone working the whip as well,” laughs Doug Lansky, the creator of “Titanic Awards,” a new online forum inviting travel-weary tourists to share their tales of the woe on the road