A federal bankruptcy judge says General Motors may sell the bulk of its assets to a new company. The decision is an important step in the Obama administration's effort to quickly restructure the automaker.
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Retirees Fret GM's Bankruptcy
A job at General Motors used to mean not having to worry about retirement. The company had promised a good pension and health care for life. Retirees are losing some of their benefits as the...
Does GM Stand For Government Motors?
General Motors says it's confident it can steer a course through bankruptcy court, and emerge as a leaner, more competitive automaker. The company filed for bankruptcy protection Monday. The...
GM Asks Bondholders To Swap Debt For Shares
General Motors made a new offer Thursday to attract bondholders' support for a quick restructuring. Bondholders are being asked to swap their debt for shares in a new GM. They'd get 10...
General Motors Share Prices Drop To 1933 Lows
GM share prices have not been this low since the Gret Depression. Investors feared dilution of their stock or bankruptcy as the company approaches the June 1 restructuring deadline. GM shares...
Obama's Efforts To Boost Exports Face Hurdles
One solution for the unemployment problem in the United States might be found overseas. President Obama says doubling exports in the next five years could add 2 million jobs. But less than 1...
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