General Motors Launches IPO; Ireland May Receive Massive Bailout Funds
GM headquarters in Detroit. Photo by Bill Pugliano/Getty Images.
Embattled automaker General Motors will once again be a publicly-traded company, with a stock offering that could be worth as much as $23 billion — about $13 billion of which would be returned to the government. The Detroit-based giant filed for bankruptcy in 2009 and received a $50 billion bailout.
Ireland May Receive Massive Bailout Funds
After crisis talks with European Union officials, Ireland may receive tens of billions of euros in assistance. Ireland was pressured to accept assistance in light of fears over the euro. The loan would likely have an interest rate similar to that offered when Greece took a bailout in April of this year.
Guantanamo Detainee Convicted on One Conspiracy Charge
Ahmed Ghailani, 36, the first Guantanamo detainee to be tried in U.S. civilian court, was acquitted of all but one charge against him. A federal jury convicted him of one count of conspiracy, but not of other serious charges leveled against him, including murder and murder conspiracy, for involvement in the 1998 embassy bombings in Kenya and Tanzania in 1998. That conviction, however, could still mean a life sentence.
The surprising outcome raised questions about the Obama administration’s plan to try other Guantanamo detainees in civilian courts instead of military tribunals.
Hong Kong Has First Bird Flu Case in Seven Years
Health officials urged the public to take precautions after a 59-year-old woman was hospitalized with the virus after a trip to mainland China. In 1997, the H5N1 strain sickened 18 people and killed six.