Business Law News


GM wants gov'ts to help pay $4.9 bn restructuring
By AOIFE WHITE AP Business Writer BRUSSELS (AP) - General Motors Co. on Monday asked European governments to help pay most of the euro3.3 billion ($4.9 billion) it needs to restructure its struggling European operations.

Merck claims win in Texas lawsuit over Vioxx
WHITEHOUSE STATION, N.J. (AP) - Merck & Co. said Monday a district court judge in Texas dismissed all claims in a state Medicaid lawsuit over the painkiller Vioxx.

IMF chief: Global economy still fragile
LONDON (AP) - The international economy is still fragile and vulnerable to shocks despite recent improvements in financial markets, the managing director of the International Monetary Fund said Monday. Dominique Strauss-Kahn told business leaders in London that he believes the worst of the economic crisis has passed - but that problems remained.

Ciena buys Nortel business units for $769M
TORONTO (AP) - Ciena Corp. and Nortel Networks Corp. said Monday that Nortel has sold its global optical networking and carrier ethernet businesses to Ciena for $769 in cash and debt.

Economic survey: Job losses to bottom out in 1Q
By EMILY FREDRIX AP Business Writer (AP) - Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers will continue to keep a tight rein on spending, according to a new survey.


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