Business

Detroit -- General Motors Chairman and Interim Chief Executive Officer Edward Whitacre Jr. said Tuesday GM would repay government bailout funds by the end of June 2010.

Seoul, December 15 -- As a part of its organizational restructuring, South Korean technology behemoth Samsung Electronics Co promoted Lee Jae Yong, son of one of the former chairmen, as its new Chief Operating Officer (COO).

Washington -- The U.S. Department of Agriculture said the corn harvest in the 18 largest corn-producing states was 92 percent completed as of Dec.3.

Dubai, December 14 -- Thanks to Abu Dhabi, Dubai World (DBWLD.UL), the state-owned holding company at the center of a $26 billion debt storm, has some breathing space.

New York, December 13 -- President Barack Obama in his weekly radio address Saturday expressed an appeal to tighten the financial rules and regulations which caused the credit crunch in the first place.

Los Angeles -- Hustler publisher Larry Flynt won a legal battle with his nephews when a court in Los Angeles ruled they cannot use the Flynt name for their own line of porn.

Baghdad -- The Iraqi government said Saturday international oil companies received seven oil field contracts out of a possible 10.

Redmond, December 12 -- The Yahoo and Microsoft deal to put their heads together in search engine technology and dethrone their main contender Google is taking shape after many talks and speculations.

Washington -- Rep. Lynn Jenkins, R-Kan., complained of "bailout fatigue," as a debate on the pros and cons of a regulatory overhaul bill reached the House in Washington.

New York -- U.S. stocks mostly climbed Friday with the Dow Jones industrial average scoring well and investors welcoming upbeat retail sales and consumer sentiment reports.