Allied military officials announce that 863 South Vietnamese were killed from May 3 to 9. This was the second highest weekly death toll of the war to date for the South Vietnamese forces. These numbers reflected the changing nature of the war as U.S. forces continued to withdraw and the burden of the fighting was shifted to the South Vietnamese as part of Nixon’s “Vietnamization” of the war effort.
DaimlerChrysler sells most of Chrysler for $7.4 billion
On this day in 2007, the European-American carmaker DaimlerChrysler, created in 1998 in a $36 billion merger, announces that it is selling 80.1 percent of the Chrysler group to the U.S. private-equity firm Cerberus Capital Management. Cerberus paid $7.4 billion in the deal, ...read more