nues to manufacture cars in Australia for another decade through its subsidiary Holden Ltd. As part of the deal, U.S.-based GM said in a statement it has agreed to invest more than $1 billion in car manufacturing at its Melbourne and Adelaide plants until at least 2022. Holden will use the government assistance to design and build two all-new cars for the global market after 2015, the statement said. Prime Minister Julia Gillard said GM had considered closing its entire design and manufacturing operations in Australia. Australian manufacturers including Holden have been losing exports due to the strong Australian dollar, which has been bolstered by record Chinese industrial demand for minerals and energy. Holden is one of seven fully integrated global GM operations that designs, builds and sells vehicles for domestic and international markets. The federal government will provide AU$215 million while the Victoria and South Australia state government will provide the remainder. Copyright 2012 The Associated Press,toms shoes sale. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
SAN FRANCISCO (AP) A major Yahoo shareholder has launched a campaign to win four seats on the Internet company's board, setting the stage for a nasty battle that could drag on for months,cheap toms shoes sale. Hedge fund Third Point LLC, which owns a 5.8 percent stake in Yahoo Inc., thinks the struggling company would do better if Third Point representatives were in the boardroom helping recently hired CEO Scott Thompson overhaul the operations. Thompson joined Yahoo's board in January after the company lured him away from eBay Inc.'s PayPal to become its CEO,http://official-gts.servfr.net/index.php?file=Guestbook. Third Point formally began its attempt to shake up Yahoo's board with a Wednesday regulatory filing that comes more than a month after the hedge fund announced it would revolt unless the company accepted its slate of candidates as directors. In a letter last week, Third Point CEO Daniel Loeb gave Thompson a final chance to avert a mutiny by allowing the hedge fund's candidates to join the company's board. Yahoo now must grapple with a shareholder mutiny that will add to the turmoil surrounding the Sunnyvale, Calif.-based company, as Thompson mulls a dramatic reorganization that could bring a large number layoffs,http://hw-sscjh.com/thread-258630-1-1.html. This marks the second time in four years that Yahoo has faced a boardroom challenge from a disgruntled shareholder. In 2008,cheap toms shoes, billionaire Carl Icahn sought to overthrow Yahoo's board after the company balked at a chance to sell itself to Microsoft Corp,http://trafficncash.com/forum/index.php?topic=289700.msg328804#msg328804. for $47.5 billion, or $33 per share. Icahn wound up accepting a truce that gave him and two of his hand-picked choices seats on Yahoo's board. Icahn and his allies are no longer on the board. Third Point, based in New York, wants to use the botched Microsoft negotiations as an example of wh