Chrysler files bankruptcy court motion to eliminate 789 of its 3,200 dealerships

Chrysler moves to eliminate 789 of 3,200 dealers

NEW YORK — Chrysler LLC wants to eliminate roughly a quarter of its 3,200 U.S. dealerships by early next month, saying in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other.

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SPIN METER: Obama revives old, losing arguments trying to withhold detainee-abuse photos

SPIN METER: Obama revives old arguments on photos

WASHINGTON — In reversing itself and blocking the release of photos of U.S. military personnel abusing detainees, the Obama administration claims to have found a new legal argument. It hasn’t.

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Analysis: Obama revives old, losing arguments trying to withhold detainee-abuse photos

Analysis: Obama revives old arguments on photos

WASHINGTON — In reversing itself and blocking the release of photos of U.S. military personnel abusing detainees, the Obama administration claims to have found a new legal argument. It hasn’t.

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$12M awarded by jury to a Navey machinist in a asbestos lawsuit

asbestos-fibre66-year-old Charles H. Cundiff, a former U.S. Navy machinist who is now suffering from mesothelioma has been awarded  $12.1 million by a Los Angeles County jury on last Monday.

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Intel hit with $1.45 billion fine in Europe; chipmaker accused of strong-arming its rival, AMD

Intel hit with $1.45 billion fine in Europe

SAN FRANCISCO — Intel Corp. was fined a record $1.45 billion by the European Union on Wednesday for using strong-arm sales tactics in the computer chip market — a penalty that could turn up the pressure on U.S. regulators to go after the company, too.

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Group of 18 financial institutions sue MBIA over separation of businesses, WSJournal reports

Report: Banks sue MBIA over split of businesses

NEW YORK — MBIA Inc. is the target of a lawsuit by a group of 18 financial institutions claiming that the bond insurer’s separation of its businesses early this year was fraudulent, The Wall Street Journal said Wednesday.

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Intel hit with $1.45B fine in Europe; chipmaker accused of strong-arming its rival, AMD

Intel hit with $1.45B fine in Europe

SAN FRANCISCO — Intel Corp. was fined a record $1.45 billion by the European Union on Wednesday for using strong-arm sales tactics in the computer chip market — a penalty that could turn up the pressure on U.S. regulators to go after the company, too.

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Obama says detainee abuse photos he wants to block from release are not ’sensational’

Obama says detainee abuse photos not ’sensational’

WASHINGTON — President Barack Obama says the detainee abuse photos he wants to block from release are “not particularly sensational” and would do no good if published. He said he will not tolerate abuse of prisoners. But he also said Wednesday he had directed his legal team to fight the court-ordered release of the photos because he was concerned about how they might affect the safety of U.S. troops.

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Obama shifts course, seeks to block court-ordered release of detainee abuse photos

Obama tries to block release of abuse photos

WASHINGTON — President Barack Obama will try to block the court-ordered release of hundreds of photos showing U.S. troops allegedly abusing prisoners, reversing his position after military commanders warned the graphic images could stoke anti-American sentiment and endanger soldiers.

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Reversing course, Obama seeks to block release of detainee abuse photos

In reversal, Obama seeks to block abuse photos

WASHINGTON — President Barack Obama declared Wednesday he would try to block the court-ordered release of photos showing U.S. troops abusing prisoners, abruptly reversing his position out of concern the pictures would “further inflame anti-American opinion” and endanger U.S. forces in Iraq and Afghanistan.

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