Despite all the government assistance and talk of providing more, GM lost $6 billion last quarter with earnings dropping by 47%.
GM executives say car buyers are turning away from GM out of concern the company will end up in bankruptcy and won’t honor its warranties.
Could the prospect of bankruptcy help force bankruptcy? To put it dramatically, is GM in a death spiral?
The company has until June to provide the government a...
EU approves $113 billion bailout for Ireland (AP)
AP - EU nations agreed an euro85 billion ($113 billion) bailout deal for Ireland on Sunday to help the debt-struck country with its banking crisis, and sketched out new rules for future...
AIG Claims $1.8 Billion “Profit”
The company that literally almost brought it all tumbling down about a year ago right around this time is back in the black? Not so much. More from Politics Daily… For the first time...
The Donklephant Roundup
Good evening. I’ll be doing a weekly roundup of illuminating, notable or just plain funny comments. The talk of Donklephant this week was Health Care Reform and it was an EXCELLENT...
We Made Money On TARP?
Even after reading this article I think it’s an open question, but I wasn’t aware that we were paid dividends on the preferred shares. From McClatchy: In addition to returning...
Official: Prison fire in Honduras leaves 272 dead (AP)
AP - Trapped inmates screamed from their cells as a fire swept through a Honduran prison, killing at least 272 inmates, authorities said Wednesday.
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