Barack Obama Wins the Nobel Peace Prize
LONDON — The surprise choice of President Barack Obama for the Nobel Peace Prize drew praise from much of the world Friday even as many pointed out the youthful leader has not yet accomplished much on the world stage.
The new president was hailed for his willingness to reach out to the Islamic world, his commitment to curtailing the spread of nuclear weapons and his goal of bringing the Israelis and Palestinians into serious, fruitful negotiations.
Health Industry Concerned about Health Care Reform
The industry heavyweights President Obama neutralized through the summer are agitating that the health-care bills in Congress violate agreements they made with the White House, leave 25 million Americans uninsured and have the potential to increase medical costs.
GM Expected to Seal Hummer Sale
BEIJING – General Motors Co. is expected to seal a deal as early as Friday to sell its Hummer unit to China’s Tengzhong Heavy Industrial Machinery Co. for $150 million, according to people close to the talks
China’s central government could still balk at the acquisition because of Hummer’s reputation for gas-guzzling excess, although the people said Chinese regulators have been briefed on the talks frequently, and that support may be building for the deal.