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...Despondent Republican staffers privately concede that Sotomayor's long record on the Second Circuit Court of Appeals; her background as a prosecutor, corporate lawyer and judge; and the political danger of attacking a Hispanic nominee make President Barack Obama's first pick for the court all but a shoo-in when confirmation hearings begin on July 13. But members of the Supreme Court bar and clerks who have worked there say the opinion in the Ricci case (named for one of the New Haven firefighters who brought the lawsuit) offers an advance look at Sotomayor's future relations with conservative...
...result, it has not only weathered the crisis but continued to prosper. Last year, during the height of the economic storm, the bank's pretax profits surged 19%, while assets increased 32% to $435 billion. This was no fluke: StanChart in early May said it achieved record profits in the first quarter of 2009, and its London-listed shares have doubled since March. Such a stellar performance during the worst recession in decades has placed StanChart in the enviable position of being able to gain market share and key talent at the expense of its competition. Standard Chartered CEO Peter...
...first memo to Chrysler employees, Marchionne talked about that record. "Five years ago, I stepped into a very similar situation at Fiat. It was perceived by many as a failing, lethargic automaker that produced low-quality cars and was stymied by endless bureaucracies," he wrote. Giving his version of the turnaround--hard work, tough choices, heavy investment and a culture "where everyone is expected to lead"--he promised that "we can and will accomplish the same results here." Even if Fiat doesn't become the next Apple, everyone from the President to the survivors on the Jeep shop floor...
After posting a record $611.9 million loss in May, British Airways is asking its 40,000 employees to volunteer for one to four weeks of unpaid work. Chief executive Willie Walsh--who has agreed to go without a salary in July--called the request part of a "fight for survival." It could be worse. At least BA's pilots aren't being asked to handle luggage, as those of Dutch airline KLM were in early June...
DIED When he won his record-breaking 13th Division I title in men's swimming, Auburn University coach Richard Quick, 66, was in the final stages of his battle with brain cancer. In a career that spanned four decades, Quick also coached six U.S. Olympic teams...