Word: june
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...third of the U.S. market. GM is still the nation's largest carmaker, but its market share is down to about 22% and its stock price has dropped to its lowest level in more than half a century, having fallen from the $20-per-share range in early June to the current price of below...
...NASCAR. GM is also planning to defer a $1.7 billion payment to the special trust created last year to cover the cost of health care for retired blue-collar workers; it would also expedite the shutdown of four truck plants originally announced at the company's annual meeting in June. GM plans to raise another $4 billion to $7 billion by selling off assets like its Hummer brand. That is all part of the company's realization that it will be difficult to raise cash from external sources because of tight credit markets...
Spurred by the gruesome deaths and public outrage, FAA inspectors examined ValuJet's own books and discovered so many egregious violations that the carrier was grounded within weeks--on June 17. The resulting consent order between ValuJet and the FAA listed 34 violations going back three years, breaching every type of regulation.ValuJet agreed not to fight its grounding and paid $2 million toward the FAA's cost of reinspecting planes. It was not a penalty; in fact, the airline bought itself a virtually clean slate. "The FAA agrees that, except for violations of regulations concerning hazardous materials and civil aviation...
...Kurtz's projects. The indictment made no mention of terrorism. This spring, after the case made headlines, and artists and activists raised $300,000 for his defense, a U.S. District Court judge threw out the indictment, calling it "insufficient". The U.S. Attorney's office in Buffalo announced in June that it would not appeal...
...Whether McCain gets an opportunity to fix to the economy depends heavily on solidifying his own economic situation. In a conference call on Thursday, McCain's campaign manager, Rick Davis, released new fundraising numbers, showing that McCain had grabbed $22 million in June, his highest monthly haul ever. (By comparison, it matches Obama's May total, the Democrat's lowest of 2008.) That leaves McCain with $27 million cash on hand, which can be added to another $67 million from the Republican National Committee. Davis also dropped this claim: Between April and the end of June, the McCain campaign...