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Business

  • Markets choppy ahead of Bernanke testimony
    LONDON (AP) — Markets were fairly choppy Tuesday as investors were reluctant to push stock indexes up further ahead of a much-anticipated statement from U.S.
  • Grain futures mixed, livestock prices rise
    CHICAGO (AP) — Grains futures were mixed Monday on the Chicago Board of Trade.Wheat for July delivery rose 2 cents to $6.8525 a bushel; July corn fell 3.25 cents to $6.
  • Oil price falls toward $96 per barrel
    BANGKOK (AP) — The price of oil retreated toward $96 per barrel Tuesday as investors waited for the Federal Reserve's latest views on the U.S.
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Former AT&T CEO to be new GM chairman

Whitacre

DETROIT - General Motors Corp. says the former chairman and CEO of AT&T Inc. will become the chairman of the reorganized automaker this summer.

Edward Whitacre Jr., 67, will replace Kent Kresa, but Kresa will remain GM's interim chairman until the automaker emerges from bankruptcy protection as a new entity majority owned by the U.S. government.

GM is in operating under Chapter 11 bankruptcy protection as it seeks to reorganize and shed unwanted assets.

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