BRIEFCASE.Byline: -- Staff and Wire Services GM head open to auto alliance DETROIT -- General Motors Corp. Chairman and Chief Executive Rick Wagoner said Tuesday that he is not against a proposed alliance with Renault and Nissan. ``Nothing could be farther from the truth,'' he said in a live interview on CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. . In his first interview since billionaire shareholder Kirk Kerkorian proposed an alliance between GM, Renault SA of France and Nissan Motor Co. of Japan, Wagoner said his mind is completely open but there aren't enough details available yet to make a judgment. Delphi reports $2.4 billion loss DETROIT -- Delphi Corp., General Motors Corp.'s largest parts supplier, reported a $2.4 billion loss for 2005 in a delayed annual report filed Tuesday with the Securities and Exchange Commission. The company, which filed for bankruptcy protection in October, blamed the loss of $4.21 per share on accounting charges, price pressures from a reduction in GM's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. vehicle production and increased costs for raw materials. The red ink red ink Health administration A popular term for financial losses. Cf in the Black. is an improvement over 2004, when the company had a net loss of $4.8 billion, or $8.59 per share. But the 2004 loss included a $4.7 billion tax write-off in the fourth quarter, the company said. Revenue fell 6 percent to $26.9 billion, compared with $28.6 billion in 2004. Delphi's annual report for 2005 and its first-quarter 2006 earnings were delayed as the company awaited the results of wage and benefit reduction talks with its unions and GM. The company has reported monthly losses to a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , but no 2005 annual figures had been released until Tuesday. Trio are indicted INDICTED, practice. When a man is accused by a bill of indictment preferred by a grand jury, he is said to be indicted. in Coke scheme ATLANTA -- A federal grand jury indicted three people Tuesday on a conspiracy charge alleging they tried to sell Coca-Cola trade secrets to Pepsi and were willing to give the information to the ``highest bidder'' as new details emerged about the scheme and the suspects. Former Coca-Cola administrative assistant Joya Williams and ex-cons Ibrahim Dimson and Edmund Duhaney pleaded not guilty at their arraignment A criminal proceeding at which the defendant is officially called before a court of competent jurisdiction, informed of the offense charged in the complaint, information, indictment, or other charging document, and asked to enter a plea of guilty, not guilty, or as otherwise permitted . U.S. Magistrate Judge Joel Feldman then ordered Duhaney and Dimson, who served time together at a federal prison in Alabama, held without bail pending trial. Williams was previously granted bond and remains free. She did not speak to reporters as she left the courthouse. The crime was foiled after Purchase, N.Y.-based PepsiCo Inc. turned over to The Coca-Cola Co. a May letter Pepsi had received offering to sell Coke trade secrets to ``the highest bidder HIGHEST BIDDER, contracts. He who, at an auction, offers the greatest price for the property sold. 2. The highest bidder is entitled to have the article sold at his bid, provided there has been no unfairness on his part. ,'' the indictment said. Tribal casinos see big revenue WASHINGTON -- Tribal casinos pulled in $22.6 billion in gambling revenue last year, double the take of Nevada gambling, as Indian casinos recorded another record year, the industry trade group reported Tuesday. The revenue was a 15 percent increase from the $19.6 billion Indian gambling reaped in 2004, according to the National Indian Gaming Association. Tribal gambling has recorded double-digit growth almost every year since Congress created the legal framework for it in 1988. There are now 408 Indian gambling facilities nationwide, including 247 full-blown casinos with slot machines and other Las Vegas-style games. Other gambling centers are smaller or offer video poker, bingo or other games short of slots. Prosecutors snub Skilling's request HOUSTON -- The federal government wants former Enron Corp. Chief Executive Jeffrey Skilling to remain a felon An individual who commits a crime of a serious nature, such as Burglary or murder. A person who commits a felony. felon n. a person who has been convicted of a felony, which is a crime punishable by death or a term in state or federal prison. , prosecutors said in court filings Tuesday. Prosecutors, not surprisingly, said as much in response to Skilling's request filed last month that a judge overturn a jury's May verdict that found him guilty of 19 criminal counts related to fraud at the energy company before it crashed into bankruptcy proceedings bankruptcy proceedings n. the bankruptcy procedure is: a) filing a petition (voluntary or involuntary) to declare a debtor person or business bankrupt, or, under Chapter 11 or 13, to allow reorganization or refinancing under a plan to meet the debts of the party in 2001. In court papers, Skilling's lead lawyer, Daniel Petrocelli, had argued that evidence presented at the four-month trial that ended in May was ``legally insufficient'' to support Skilling's convictions. Petrocelli asked that U.S. District Judge Sim Lake dismiss the verdict and acquit To set free, release or discharge as from an obligation, burden or accusation. To absolve one from an obligation or a liability; or to legally certify the innocence of one charged with a crime. acquit v. Skilling of all charges, or throw out the result and order a new trial. |
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