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...afloat, and the additional $3 billion it hopes to obtain in March, carries the stipulation that the company move quickly to find ways to produce smaller, more fuel-efficient models, which have long been Fiat's bread and butter. "A Chrysler-Fiat partnership is a great fit," said Chrysler chairman Bob Nardelli in the joint communiqué. "It creates the potential for a powerful new global competitor." Nardelli pointed to Fiat's "competitive, fuel-efficient vehicle platforms, powertrain and components" as well as its distribution outside North America, including sales networks in Asia and Latin America...
UPDATE: Kennedy's office released a statement from his doctor in the early evening. It quoted Dr. Edward Aulisi, chairman of neurosurgery at Washington Hospital Center as saying that "after testing, we believe the incident was brought on by simple fatigue." In the statement, Aulisi added: "[Kennedy] will remain ... overnight for observation, and will be released in the morning...
Ever since Jan. 7, when news broke of a $1 billion corporate-accounting fraud at Satyam Computer Services, the scandal has been called India's Enron. There are many similarities: inflated assets, a disgraced but politically powerful chairman, an auditor under a cloud, even an attempted suicide. (Satyam's chief financial officer, Srinivas Vadlamani, was unsuccessful. Enron executive J. Clifford Baxter died.) There is one big difference. Enron imploded, and its employees were kicked to the curb. But Satyam's workers, who number about 50,000, may be spared sweeping layoffs...
...five state governments, the FDP has elbowed its way up to the table and can block laws in the upper house. FDP chairman Guido Westerwelle, who meets Merkel this week for talks, is eager to test his new power by forcing Merkel to revise her €50 billion economic stimulus package to include deeper income tax cuts and fewer cash incentives to consumers, such as the €2,500 handout designed to persuade Germans to trade in their old cars for new models. Whether or not Westerwelle prevails, the shifting balance of power will have an impact in Germany...
...served as a flight instructor, Air Line Pilots Association safety chairman, accident investigator and national-technical-committee member...