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GM outlook disappoints, shares tumble (Reuters)
DETROIT (Reuters) – General Motors Co posted a lower third-quarter profit on losses in Europe and offered a disappointing outlook that raised doubts about the speed of its turnaround two years after emerging from bankruptcy. GM vowed to slash costs to
Updated: 11/09/2011 02:57P
How would President Romney handle another bank crisis?
Europe's largest banks are on the verge of bankruptcy. Contagion has spread to the US And the global financial system is on the brink. What would you do differently than what President Bush, Henry Paulson, and Ben Bernanke did in 2008?
Updated: 11/09/2011 02:54P
Macon man indicted
Finally, the indictment states that in October 2010, Grammer and his wife filed bankruptcy and did not disclose the income from financiers of Boydoplex or his interest in the business. David Grammer, 54, Macon, was indicted by a federal grand jury on
Updated: 11/09/2011 02:46P
Michigan GOP Debate: A Swing State Despite Obama's Auto Bailout
After all, he led the tax-payer assisted bankruptcy reorganizations of General Motors and Chrysler, and turned Michigan from a complete economic basket-case to one of the top job creators in the country. But Michigan is anything but in the bag for
Updated: 11/09/2011 02:44P
How Much Did Each Vote Cost Yesterday?
If the San Francisco mayoral race was a business investment, where the return for money spent was votes earned, than a number of candidates clearly would be heading into bankruptcy. Candidates raised nearly $10 million – nearly half of
Updated: 11/09/2011 02:38P
Colonial BancGroup, FDIC Resume Sparring Over Tax Refunds
The Federal Deposit Insurance Corp. says the Internal Revenue Service made a mistake related to $253 million in disputed tax refunds that are at the center of a legal fight between the bank regulator and the bankruptcy estate of Colonial BancGroup Inc.
Updated: 11/09/2011 02:36P
MF Global Commodity Account Transfers 'Substantially' Done
Many remaining account holders may have to file claims for their assets, which have to be shared fairly with other claimants under bankruptcy law, Jarrell has said. About $593 million in commodity customer funds are unaccounted for, according to a
Updated: 11/09/2011 02:27P
Greek powersharing talks disintegrate
8, 2011, Greek Prime Minister George Papandreou, at table 3rd left, and Greek Finance minister Evangelos Venizelos, 4th left, attend an emergency cabinet meeting at the parliament in Athens. Power-sharing talks between Greece's two main political
Updated: 11/09/2011 02:23P
GM Profit Beats but Outlook Disappoints
The contrast in operating efficiency is even more striking because Ford, the only US auto maker to have avoided bankruptcy, ended the third quarter with almost $13 billion in debt, excluding its finance arm. GM, which boasts that its taxpayer-funded
Updated: 11/09/2011 02:23P
Blockbuster Boasts a $3.3 Million Profit Since Dish Buyout
The company fought bankruptcy, dealt with creditors and did its best to stay afloat and eventually got sold to Dish Network. Dish made some major changes to the company, resulting in some incredible results. In the time between April 26th and September
Updated: 11/09/2011 02:12P
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