After Chrysler filed for bankruptcy one month ago, it was the turn of General Motors to file for bankruptcy under Chapter 11 protection. Today at 8 A.M. local time, General Motors declared bankruptcy at the federal court in Manhattan after they reported $81 billion losses in the last four years. GM is the biggest car [...]

Today, the Air France flight AF447 left the Rio de Janeiro airport, and it should have landed at the Paris airport at 09:15 GMT, however, the plane is missing. The pilots of the Airbus A330-200 plane reported a technical fault at the electric circuit, and that they are experiencing turbulence. After that, the AF447 flight [...]

Carlo Ancelotti, 49, has been officially appointed as the Chelsea FC manager. Ancelotti left AC Milan yesterday after a 2-0 win away at Fiorentina, and today he was confirmed as Chelsea coach. Although the Italian manager had one more year contract at Milan, he decided that it was the perfect time to leave Milan after [...]