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GM Is Selling Saab To Spyker Cars 264

johncadengo writes "General Motors said today that it has struck a preliminary deal to sell Saab to Spyker Cars, a tiny Dutch maker of high-end sports cars, saving the Swedish automaker from what seemed like certain extinction after previous bids for it collapsed. A previous bid from Spyker was rejected by GM in late December because GM was uncomfortable with Spyker's Russian backers. The biggest investor in Spyker is the Russian bank Convers Group, which is controlled by Alexander Antonov. In March, Mr. Antonov was shot seven times and reportedly lost a finger in an attempt on his life in Moscow. No arrests have been made. His son Vladimir, 34, is a top executive at Convers and the chairman of Spyker." GM is taking a bath on the deal, financially speaking.

Slumdog Millionaire Takes Home 8 Oscars 317

Ben Burtt was robbed of his overly deserved Oscars for the sound on Wall-E, and Heath Ledger's Joker unsurprisingly got a posthumous statue, but the big winner for the night was Danny Boyle's Slumdog Millionaire with Picture, Director, Song, and five others. Go ahead movie nerds: talk amongst yourself.

Spaceport America Gets FAA License 61

DynaSoar writes "Spaceport America received an early and double holiday gift this week: first, the expected (positive) FAA environmental impact report, and second, the hoped-for but not immediately expected 'launch site operator's license.' With this license, and with the previously accomplished creation of a tax district, two of three pieces are in place as required by the New Mexico legislature to receive its funding package. The third, a lease with a space services tenant to use the facility, may come this week also, in the form of a contract with Virgin Galactic. While timing is impossible to predict, the contract is a virtual certainty. The New Mexico Spaceport Authority fully expects it, and so has projected late 2010 for completion of hangar and terminal facilities. Virgin Galactic also seems confident, as they have already screened and submitted their first 100 customers (called the Virgin Galactic Founders) to their contracted medical and training supervisor. They are busy screening their second 100 'spaceflight participants' (NASA and RKA having decided that only those who can tack 'career' on the front of it deserve to be called 'astronauts')."

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