United States

Obama calls on Chrysler bondholders to sacrifice

Obama calls on Chrysler bondholders to sacrificeWashington - US President Barack Obama called on Chrysler LLC bondholders to make sacrifices in order to keep the nation's third-largest carmaker from filing for bankruptcy.

Obama, speaking at a town hall meeting in Arnold, Missouri, credited the carworker unions for taking the necessary steps to help Chrysler avoid bankruptcy protection by accepting a new labour agreement.

"One of the key questions now is: Are the bondholders, the lenders, the money people, are they willing to make sacrifices as well?" Obama said. "We don't know yet."

New York officials downplay threat of swine flu

New York officials downplay threat of swine fluNew York - New York state officials Wednesday downplayed the fact that New York has the highest total of confirmed cases of swine flu among ten US states, saying the situation was inexplicable - even as health workers were investigating 75 more probable cases and some schools remained closed.

New York Governor David Paterson and his health commissioner, Richard Daines, who noted there was no vaccine for swine flu, said they did not consider the swine flu outbreak any more important than unseasonal flu in springtime.

Boeing announces Dreamliner test flights

Boeing announces Dreamliner test flightsSan Francisco - Test flights for the much-delayed Boeing Dreamliner are due to start in June and the first customers are on schedule to receive the plane in the first quarter of 2010, the US aviation company said Wednesday.

Test flights for the aircraft have been delayed for more than two years, but Boeing has now filed 60 per cent of the paperwork needed for certification of the 787, Mike Delaney, chief project engineer of the 787 programme, said at a press conference.

US stocks gain as surprising earnings overshadow GDP report

US stocks gain as surprising earnings overshadow GDP report New York  - US stocks posted strong gains on Wednesday as most companies that reported profits for the first quarter beat estimates on the day, drowning out reports of a sharp contraction in the US economy over the first three months.

Time Warner Inc, Goodyear Tire & Rubber Co, DreamWorks Animation SKG Inc and Hess Corp all beat analysts' expectations, offering some hope that the worst may be over and driving all major US stock indices up by more than 2 per cent.

Christina Applegate tops People's 'most beautiful' list

Christina ApplegateLos Angeles  - Actress Christina Applegate, 37, on Wednesday topped People magazine's Most Beautiful People list.

The Samantha Who? star was diagnosed with breast cancer last year and had a double mastectomy followed by reconstructive surgery. "It's a decision that you make to save your life," she told the magazine.

She noted one positive effect: "You have to get through the physical transformations, then buck up, go to work and try to be the normal, happy Christina for everyone around you."

Boeing announces Dreamliner test flights

Boeing announces Dreamliner test flightsSan Francisco  - Test flights for the much-delayed Boeing Dreamliner are due to start in June and the first customers are on schedule to receive the plane in the first quarter of 2010, the US aviation company said Wednesday.

Test flights for the aircraft have been delayed for more than two years, but Boeing has now filed 60 per cent of the paperwork needed for certification of the 787, Mike Delaney, chief project engineer of the 787 programme, said at a press conference.

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