DETROIT – (AP) General Motors Co. said it will phase out its storied Swedish Saab brand if no deal is reached by the end of this month. GM’s board met Tuesday to decide the fate of Saab after a group led by Sweden’s Koenigsegg Automotive AB dropped out of a deal last
Also tagged a-deal-last, a-group-led, deal-last, decide-the-fate, dropped-out, fate, general, group-led, koenigsegg, swedish-saabAutomaker General Motors announced Monday it lost $1.2 billion since emerging from bankruptcy protection. The company also said it will begin repaying $6.7 billion in U.S. government loans with a $1.2 billion payment in December. E-Mail This Add to Del.icio.us View original post here: GM Reports Progress, …
Also tagged 1-2-billion, automaker-general, del-icio-us, from-bankruptcy, government-loans-, monday, monday-it-lost, original-post, reports-progressGeneral Motors’ latest earnings report shows the automaker lost $1.2 billion from the time it left bankruptcy protection through Sept. 30. The loss is smaller than in previous quarters. GM also said it will begin repaying $6.7 billion in government loans next month. That’s several years earlier than the …
Also tagged automaker, from-the-time, general-motors, motors, shows-the-automaker, the-, time, will-beginNEW YORK – (AP) A judge Friday dismissed lawsuits seeking to hold Bank of America Corp. and auditing firm Grant Thornton International responsible in Italian dairy giant Parmalat’s 2003 collapse, a decision Parmalat said it will appeal. U.S. District Judge Lewis A. Kapl See more here: Parmalat to appeal NY judge’s dismissal …
Also tagged america, dismissal-, dismissed-lawsuits, friday, grant, grant-thornton, international, italian, judge, more-here, newFRANKFURT – (AP) Debt-laden German fashion company Escada AG said it will probably file for bankruptcy protection Thursday. The Munich-based company, once one of the world’s biggest fashion brands, had hoped to use a bond exchange to quickly reduce $142 million of the company’s Original post: Germany’s Escada to file for bankruptcy …
Also tagged 142-million, a-bond-exchange, biggest-fashion, bond-exchange, debt-laden, file-for, had-hoped, munich-based, original, quickly-reduce, the-world, thursday, will-probably, worldReuters – Guaranty Financial Group Inc , the second-largest publicly traded bank in Texas, said it will probably fail after loan losses and write-downs Read more here: Guaranty Financial, No.2 Texas bank, says may fail (Reuters)
Also tagged and-write-downs, group, guaranty, guaranty-financial, loan-losses, more-here, says-may, second, texas, the-second-largest, will-probablyWASHINGTON – (AP) Mortgage finance company Freddie Mac said it will allow some borrowers to rent out their homes after losing them to foreclosure.
Also tagged 0in-0in, after-losing, div-style, freddie, rent-out-their, some-borrowers, their-homes-, will-allowWASHINGTON – (AP) The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis. The Fed said it will purchase up to $100 billion in direct obligations from mor
Also tagged 100-billion, 600-billion, another-attempt, deal-with, direct-obligations, federal, federal-reserve, financial, from-mor, tuesday, tuesday-it-will, will-buy, will-purchase, with-the-financialCOPENHAGEN, Denmark – (AP) Icelandic-owned budget carrier Sterling Airways A/S filed for bankruptcy Wednesday, hurt by the nation’s financial meltdown, and said it will not be able to refund passengers who bought tickets on line. The airline, which is based in Denmark, said it was unable to raise financia
Also tagged and-said, denmark, filed-for, financial-meltdown, icelandic-owned, nation, raise-financia, refund-passengers, sterling, sterling-airways, the-nation, wednesday, will-not