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WASHINGTON : GMAC Financial Services confirmed Thursday that it was holding discussions with federal regulators about becoming a bank holding company, a move that could help it access government funding and be part of a potential acquisition of ...
Read moreGMAC confirms talks to become bank holding company - International Herald Tribune
Taxpayers are already being asked to bail out Detroit. Do they also have to play investment banker for a GM-Chrysler merger — as well as help out a private equity giant? General Motors since September has been talking to Chrysler's majority owner ...
Read moreWhy GM and Chrysler need Uncle Sam’s help - MSNBC
FT. LAUDERDALE, Fla. , Oct. 30 /PRNewswire/ -- The retail experts at Zimmerman announce another win: DentalCare Partners ("DCP") and Dental One ("DO") - leaders in the dental practice management industry - who's $10 million advertising budget will ...
Read moreZimmerman's Latest Win Has Everyone Smiling - MSN MoneyCentral
General Motors Corp. is pressing the Bush administration for more than $10 billion in immediate government assistance, which would help shore up its tattered balance sheet and provide the cash required for a takeover of ailing Chrysler. The two ...
Read moreGM and Chrysler, Near a Deal, Press for Federal Aid - Time
NEW YORK, NY (AP) -- In a stark acknowledgment of the tough times ahead in the credit card industry, American Express Co. said Thursday that it plans to cut 7,000 jobs, or about 10 percent of its worldwide work force, in an effort to slash costs by ...
Read moreAmerican Express to Cut 7,000 Jobs - First Coast News
By David Welch General Motors ( GM ) is getting closer and closer to taking Chrysler off the hands of its owner, private equity giant Cerberus Capital Management . If GM can come up with funds—perhaps as much as $10 billion— from the government ...
Read moreGM's Latest Retooling: The Chrysler Merger - BusinessWeek
The goal is to bolster their balance sheets so they will resume more normal lending. What? They are just going to recoup their losses with this 700 billion dollar welfare check so the can continue to pay their management … read more and CEO's over ...
Read moreAmericans cut spending by largest amount in 28 years in the July ... - Minneapolis Star Tribune
NEW YORK (AP) _ Wall Street showed some welcome signs of stability Thursday, taking a downbeat gross domestic product report in stride and driving the Dow Jones industrial average up nearly 190 points in relatively calm trading. Even the last hour of ...
Read moreWall Street closes higher after GDP report in relatively calm trading ... - Allentown Morning Call
TORONTO - The Toronto stock market logged its third consecutive day of gains Thursday as investors gave an extra surge in the final minutes of trading, pushing the benchmark to a triple-digit gain. Toronto's S&P/TSX composite index closed the day up ...
Read moreTSX logs third consecutive session of triple digit gains - Edmonton Sun
(SAN FRANCISCO) — Home entertainment trendsetters Netflix Inc. and TiVo Inc. are finally joining forces to deliver more movies and old TV episodes to their mutual subscribers, consummating a relationship that was supposed to come together four ...
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