DETROIT, Michigan - May 11, 2009 - Six General Motors Corp. executives have sold more than 200,000 shares of stock as the company moves toward issuing new equity to give large stakes to the U.S. government and a United Auto Workers retiree health care trust fund.

DETROIT, Michigan - May 11, 2009 - General Motors is just weeks away from the bankruptcy courts after chief executive Fritz Henderson reiterated that its "more probable" than ever that the car manufacturer will now file for Chapter 11 bankruptcy protection.

NEW YORK - May 11, 2009 - Banks are overvalued and the government enabled them to have better first quarter earnings than they should, well-known analyst Meredith Whitney told CNBC.

Our delicious spring rally is nearing the limits. The 40pc rise on global bourses since March assumes that central banks have conjured away the debt overhang by slashing rates to zero and printing money. Nothing of the sort has occurred. Two thirds of the world economy will be in deflation by July.

By Ambrose Evans-Pritchard

LONDON, England - May 11, 2009 - Bear market rallies can be explosive. Japan had four violent spikes during its Lost Decade (33pc, 55pc, 44pc, and 79pc). Wall Street had seven during the Great Depression, lasting 40 days on average. The spring of 1931 was a corker.

NEW YORK - May 11, 2009 - Nine months after homeless families won the right to shelter in New York City, the city is having the last laugh.

DETROIT, Michigan - May 10, 2009 - General Motors is sparring with its main union over plans to shut U.S. plants and outsource production to Mexico and Asia as bankruptcy looms over the troubled automaker, union sources said.

SAN FRANCISCO, Kalifornia - May 9, 2009 - State and federal regulators on Friday closed Westsound Bank of Bremerton, Washington, marking the 33rd bank failure so far this year.