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Bankruptcy News Headlines

GM's S.Korean union accepts wage deal

Unionized workers at General Motors Co's South Korean unit voted to approve a tentative wage deal agreed with the automaker, the union said on Thursday.

UPDATE 1-Peter Thiel abandons bid to buy news website Gawker

Billionaire Peter Thiel on Wednesday abandoned his effort to buy the irreverent news website Gawker.com, enabling the Silicon Valley venture capitalist to avoid a possible legal fight over his having secretly funded litigation that led to its demise.