Business

New York, May 9: Two of Chrysler’s key creditors, Oppenheimer Funds and Stairway Capital Management have withdrawn from the rebellious ‘Non-TARP Lenders’ group. Given this development, the group is likely to break up and shall probably see eye to eye to any judgment made by Judge Arthur Gonzales of the U.S. Bankruptcy Court.

New York May 22:The gasoline prices are going up at the start of the Memorial Day weekend which customarily launches the travel season, as people hit the open roads for a holiday.

Irvine, California, May 27: Allergan Inc. (NYSE:AGN) has been asked to furnish more information to the U.S. health regulators to sell Botox for the treatment of muscle rigidity and spasticity in people who have suffered strokes.

Washington, May 21: A law is on the anvil to prevent the public from being harmed by the tricks and traps of the credit card industry. With a 361-64 vote, the House endorsed the credit card reforms bill and sent it to President Barack Obama for a sign-off.

Milan, May 26: The board of directors at Gianni Versace SpA categorically denied any friction between Chief Executive Officer Giancarlo Di Risio and Creative Director Donatella Versace.

Los Angeles, April 29: 42-year-old Danny Pang, the founder and ex-chief executive of PEM Group, was detained by the FBI in California on Tuesday.