The major banks that loaned Chrysler LLC about $7 billion have agreed to significantly reduce that debt, according to the Treasury Department, a move that could save the struggling automaker from having to file for bankruptcy later this week.
“The agreement from Chryslers principal banks is an exceptional accomplishment in line with the Presidents firm commitment that all stakeholders sacrifice to make this deal succeed,” said an administration official Tuesday.
The company still needs to win a rank-and-file ratification vote Wednesday of a tentative labor deal reached with leadership of the United Auto Workers union late Sunday, and wrap up an alliance with Italian automaker Fiat before the Thursday deadline set out by the federal government.
via Chrysler debt deal reached, bankruptcy may now be avoided – Apr. 28, 2009 .
Here is the show detail about one of my colleague’s makeover to his deck recently which aired on DIY. Guys, its worth watching 
From DIY…
Geff and Tiina Vitale have a home just down the road from the Jersey Shore. They have an old deck attached to their house and they want to try to salvage as much as possible. Also, the Vitales would like to rework the deck in the dead of winter, so they can enjoy the renovated deck in the Spring and Summer. Geffs idea is to detach the deck from the house, knock out every-other plank, save the remaining ones, but add new wood to create a sturdier, bigger deck. Geff and Tiina have a newborn, so Tiinas limited with the amount of work she can contribute, so Geff recruits his best friend, Jay. Jay however, is the last one to know that hes in it for the long run. Aside from the deck being a bit of a bear to restructure, below freezing temperatures only add to the difficulty of the job. This is one show that truly tests friendship during the renovation process.
via Shows A – Z : Renovation Realities : The Vitale Job : DIY Network.
Scientists at GE’s Global Research Center in upstate New York announced a breakthrough in the pursuit of holographic data storage today. They have successfully demonstrated technology that can put 500 gigabytes onto a single DVD-sized disc.
via GE unveils holographic disc breakthrough | GE Reports .
Asian investments in hedge funds may have declined by 40 percent over the 18 months to mid-2009, said an official of Bank of New York Mellon Corp., the world’s biggest custody bank.
The value of institutional and wealthy individual holdings in hedge funds will fall to $206 billion by June from $344 billion in December 2007, said Andrew Gordon, the bank’s Hong Kong-based executive vice president of financial markets and treasury services. Government entities such as sovereign wealth funds will help drive a recovery in the dollar value of Asian hedge fund investments to $382 billion by 2013, he said.
via Asian Hedge Fund Investments May Have Fallen 40% Update1 – Bloomberg.com .