November 28, 2014

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GM says bondholder panel supports sweetened offer

DETROIT (AP) – General Motors Corp. said Thursday a committee of bondholders has agreed to a sweetened deal proposed by the U.S. government to erase the automaker`s unsecured debt in exchange for company stock. A person familiar with the deal said that it is probable GM will file for bankruptcy protection. The person asked not Read More…

AP Source: GM to announce 14 plant closures Monday

DETROIT (AP) – The news no one wants to hear is coming Monday morning to General Motors Corp. factories across the U.S. The troubled auto giant will identify 14 factories it will close by the end of 2010 as part of its restructuring plan, according to a person briefed on the plans. The announcement could Read More…

Cavaliers Playoffs: Overtime loss leaves Cavs in need of a miracle

ORLANDO, Fla. – Superman swooped in just in time. And the Cavaliers are just about out of time. Dwight Howard scored 10 points in overtime and the Orlando Magic, raining down 3-pointers like a Florida thunderstorm, withstood 44 points and a last-second shot by LeBron James for a 116-114 win over the Cleveland Cavaliers on Read More…

Cavaliers Playoffs: Mo better early, but disappears late

ORLANDO, Fla. – Mo Williams` Game 4 guarantee blew up like his swollen left eye. Starting fast and fading late, Williams had 18 points but went scoreless in the fourth quarter and overtime as the Cleveland Cavaliers lost 116-114 Tuesday night to the Orlando Magic to go down 3-1 in the Eastern Conference finals. “I`m Read More…

French Open: Serena struggles, but escapes with first-round win

PARIS – Serena Williams entered Tuesday with a 37-0 record in the first round at Grand Slam tournaments. She also began the day with a four-match losing streak, the longest of her career. Williams focused on the second of those statistics, the more discouraging one. And while she never appeared truly in danger of coming Read More…

NHL Playoffs: Penguins complete sweep of Carolina

RALEIGH, N.C. – Sidney Crosby saved his most daring move for after the game: He spurned hockey superstition and hoisted the Prince of Wales Trophy. If he keeps playing like this, it might not be the only prize the Pittsburgh Penguins` young captain raises. The Penguins are headed back to the Stanley Cup finals, clinching Read More…

Mo Williams guarantees the Cavaliers will beat Magic in Eastern Conference finals

ORLANDO, Fla. – Tinted sunglasses concealing the cuts and bandages framing his puffy left eye, struggling Cleveland guard Mo Williams plopped down on a table inside a ritzy hotel ballroom Monday and quickly proclaimed the Cavaliers were not in any trouble. Far from it. “We`re the best team in basketball,” he said. Really? The Cavaliers, Read More…

Pietrus has been Orlando’s X-Factor against Cavaliers

ORLANDO, Fla. – Mickael Pietrus` title as the “X-Factor” in the Eastern Conference finals didn`t come from all the X-rays the Orlando Magic forward has had this season. But it easily could have. Pietrus broke his right wrist, sprained it, tore a ligament in his right thumb, missed time with bruised ribs and is still Read More…

Reutimann wins first NASCAR Sprint Cup race in rain-shortened Coca-Cola 600

CONCORD, N.C. – David Reutimann stared at the gray sky and silently prayed for one more heavy rain. A gamble had put the journeyman driver in position for his first Sprint Cup Series victory, and so long as the clouds lingered over Lowe`s Motor Speedway, it would come in the crown jewel Coca-Cola 600. Reutimann Read More…

Painful performance: Cavaliers get roughed up in ugly loss to Magic

ORLANDO, Fla. – From an unforgettable shot to a cheap one. Three games in, the Eastern Conference finals have grown a little nasty. Dwight Howard scored 24 points – 14 on free throws – and Rafer Alston added 18 as the Orlando Magic, sick of seeing replays of LeBron James` dramatic buzzer-beater to win Game Read More…