GM Seeks To Overcome Perceptions On The Coasts
Beyond bankruptcy, General Motors has a significant problem in this country. It has to do with culture, demographics and perception. The automaker's market share continues to decline nationwide. But it really struggles on the coasts — with affluent and influential consumers. The company is determined to change that.
Amid Recession, One Automaker Is Prospering
While Chrysler and GM struggle through bankruptcy, there's another American automaker that's doing quite well, thank you. Little Tikes is based in Hudson, Ohio, and despite the recession, demand for the company's Cozy Coupes has shown no signs of a slowdown.
WHO Declares Swine Flu A Pandemic
The H1N1 virus has spread to a number of countries and is not stoppable, says World Health Organization Director-General Margaret Chan. But the agency cautions against overreaction; so far the strain remains mild.
Rising Mortgage Rates Shuts Off Refinancing Wave
Economists are worried at the sharp rise in home mortgage rates over the past couple of weeks. The government had helped push rates on 30-year fixed mortgages below 5 percent, a move that sparked a refinancing boom. That opportunity appears to be over for now.
Obama Pay Chief: Criticism Of Position Valid
Kenneth Feinberg is overseeing compensation packages for the top executives in companies that are receiving federal bailout money. He disdains the notion that he is a compensation czar who will order companies to conform. Instead, he says, he will work with companies to find pay structures in line with the public interest.
Pacific Island Takes Some Guantanamo Detainees
The remote Pacific island of Palau may be the future home for 17 ethnic Uighur Chinese detainees from Guantanamo Bay who were picked up in Afghanistan and Pakistan in 2001. The U.S. determined they were not "enemy combatants" and decided to release them. It is feared they will be imprisoned or executed if returned to China. Palau's President Johnson Toribiong discusses the possible transfer.
Ex-South Korean President Defends Engaging North
South Korea's "Sunshine Policy" of engagement with North Korea is being criticized and dismantled under a new administration. But the architect of that policy, former President Kim Dae-jung, says it still has the support of the majority of South Koreans.
Twister Trackers Try To Decode Tornadoes
Vortex 2, the largest and most sophisticated tornado chase ever assembled, has been roaming the Great Plains for weeks looking to crack basic mysteries about the wildest storms on Earth. The $12 million federal program hopes to be able to warn people of tornadoes sooner and lower false alarm rates.
Small Carmaker May Blaze Plug-In Trail
The big automakers are racing to bring to market the future of automobile travel, but Coda Automotive is beating them to the punch with its $45,000, five-passenger, four-door sedan. It has already lined up a Chinese partner to build the car and its battery design could become the standard for the industry.
Bouncing From Street Ball To The NBA
Orlando Magic point guard Rafer Alston picked up the nickname "Skip to My Lou" in New York City's Rucker Park, thanks to his knack for skipping while dribbling the basketball. He's one of the few players to successfully make the transition from "And 1" street ball to the NBA.