UN chief cites $1 billion needed to fight swine flu
UN Secretary General Ban Ki Moon says more than $1 billion may be required this year to help poor countries obtain vaccines and antivirals if swine flu spreads. WHO chief Chan calls for a minimum vaccine stockpile for 49 least developed nations as donors gauge funding.
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Judge OKs GM plan sale to new company
A U S bankruptcy judge ruled GM can sell most assets to a new entity, aiming for a quick exit from Chapter 11. The decision allows an appeal by Monday noon, with the sale to close after that deadline and Treasury funding tied to the outcome.
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GM bankruptcy reshapes product liability claims rights
In GM's Chapter 11 case the old company leaves behind claims while the new GM will assume future liabilities for vehicles sold after emergence. Pending pre June 1 claims target the old GM assets with little recovery. Future claims against the new GM follow normal product liability rules, allowing lawsuits.
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