Asian shares retreated from seven-months highs on Thursday as concerns grew that rising yields on U.S. government debt could push up borrowing costs and choke off a potential recovery in the world’s largest economy.
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Germany’s economy minister says a high-level meeting hosted by Chancellor Angela Merkel to discuss the future of General Motors Corp.’s opel unit has ended without a decision.
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Germany’s economy minister says a high-level meeting hosted by Chancellor Angela Merkel to discuss the future of General Motors Corp.’s opel unit has ended without a decision.
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General Motors bondholders felt they deserved something like a 58 percent stake in the company in exchange for their billions of dollars in debt. What they were offered wasn’t even close.
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PRESS CONFERENCE WITH RON GETTELFINGER, UAW PRESIDENT, AND CAL …Federal News Service (subscription), DCMR. RAPSON: (In progress.) If you're going to sell it here, build it here. And then finally they came and they agreed to do this. We got — what we're really concerned about, as Ron said, the 10 million — (word inaudible). We know that's Depression …
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What’s cheaper than a fire sale? Answer: A government give-away. After months of dead-end dealmaking in the collapsing auto industry, acquirers are finally lining up to make a run at the assets being spun off from struggling U.S. automakers led by General Motors Corp .
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What’s cheaper than a fire sale? Answer: A government give-away. After months of dead-end dealmaking in the collapsing auto industry, acquirers are finally lining up to make a run at the assets being spun off from struggling U.S. automakers led by General Motors Corp .
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What’s cheaper than a fire sale? Answer: A government give-away. After months of dead-end dealmaking in the collapsing auto industry, acquirers are finally lining up to make a run at the assets being spun off from struggling U.S. automakers led by General Motors Corp .
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General Motors, the company that put tail fins on a Cadillac and was once the nation’s largest employer, moved to the edge of bankruptcy Wednesday as debtholders refused a last-ditch deal.
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United Auto Workers approve GM labor agreementBizjournals.com, NC“The leadership demonstrated by UAW president Ron Gettlefinger and UAW vice president Cal Rapson, and the hard work from the members of the General Motors and UAW negotiating teams, resulted in an innovative agreement that will enable GM to be fully …
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General Motors, the company that put tail fins on a Cadillac and was once the nation’s largest employer, moved to the edge of bankruptcy Wednesday as debtholders refused a last-ditch deal.
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Chrysler began a marathon bankruptcy court hearing Wednesday to persuade a judge to approve its plan to sell most of its assets to Italian automaker Fiat and save itself from liquidation.
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