Archive for June, 2010

Ex-AIG’s Cassano says bailout was too generous

WASHINGTON (Reuters) – The former head of the AIG unit that nearly crippled the insurer said the 2008 taxpayer bailout of up to $182 billion was too generous to customers like Goldman Sachs.


Kagan pledges judicial independence

Supreme Court nominee Elena Kagan was hit with a blizzard of questions about politically thorny social and economic issues in her Senate confirmation hearings. FULL STORY l HIGHLIGHTS l 5 KEY ISSUES l PHOTOS l QUIZ

Court pick Kagan sails through Senate hearing

WASHINGTON (Reuters) – With a series of quips and nimble sidesteps, U.S. Supreme Court nominee Elena Kagan deflected tough Republican questions on her views and judgment on Wednesday and sailed toward likely Senate confirmation.


Russia and U.S. downplay spy case; suspect on run

MOSCOW (Reuters) – Russian and the United States sought to shield improving ties from fallout in a Cold War-style espionage case on Wednesday, while a key suspect went missing after jumping bail in Cyprus.


Flying car production rolls forward

A highway-worthy airplane moves one step closer to production with a recent weight exemption approved by the Federal Aviation Administration.

100 troop deaths in Afghanistan in June

The June death toll for NATO-led forces reached 101 on Wednesday, the highest ever in a single month since the war began almost nine years ago.

Apple’s spin on iPhone 4 flaws

According to documents leaked to Boy Genius Report today, AppleCare representatives are being given a strong company line to deliver to unhappy iPhone 4 owners who complain about reception issues.

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