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...reformist zeal. More than ever, he says, Russia needs an independent judiciary and legislature, a free press, real elections, real political parties. The oligarchs, he says, understand that the system cannot survive forever. They are scared and looking for handouts. (At the top of the list is Oleg Deripaska, head of investment firm Basic Element, which has interests in the aluminum, energy and financial-services sectors among others, and recently received a $4.5-billion infusion from the state.) "Once they found themselves in trouble they started this sort of SOS signal, calling on Putin's door, 'Give us the money...
...Lankan president Mahinda Rajapaksa sits at the head of a long banquet table, presiding over what looks like a hotel's lunch buffet. The mood is informal as Cabinet ministers, their clerks and assorted relatives and friends line up patiently to eat in the main dining room of Rajapaksa's official compound. Outside, on the streets of Colombo, he is the all-conquering hero. In May, Rajapaksa's government ended Sri Lanka's 26-year-long civil war against the separatist Liberation Tigers of Tamil Eelam (LTTE), and the capital's broad avenues are dominated by enormous banners glorifying...
...Chapter 11 focused on just four brands: Chevrolet, Cadillac, Buick and GMC. The Federal Government, which has committed $50 billion to the company, took a majority stake and installed a new chairman. The restructurings of GM and Chrysler were considered coups for President Obama's auto task force, whose head, Steven Rattner, said he will step down...
JULY 10 GM emerges from bankruptcy. Former AT&T head Edward Whitacre takes over as chairman...
Yoshimi Inaba, the new head of Toyota's operations in the U.S., says the company's inventories have dropped to manageable levels (estimates put it at 47 days). However, the cost has been steep. Toyota's operations in the U.S. are no longer profitable and Toyota overall probably can't make a profit if it's losing money in North America, Inaba has acknowledged. (See the best cars from the 2009 Detroit Auto Show...