InfoAnda - General Motors stock skids on bankruptcy reports

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Putin orders probe of creaking infrastructure | International | | 21 August 2009
Iran unveils new missile systems on second day of drills | | 13 November 2012
Pete Doherty Busted In Germany For Allegedly Smashing Car Window | 8 December 2009

Pakistan denies arrests thwarted Taliban talks | | 19 March 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : General Motors stock skids on bankruptcy reports

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: General Motors stock skids on bankruptcy reports AFP - Tuesday, April 14 WASHINGTON (AFP) - - General Motors skidded on the stock market Monday after reports that the government was directing the troubled auto giant to lay the groundwork for a June 1 bankruptcy filing. ADVERTISEMENT GM plunged 17.65 percent to 1.68 dollars at 1405 GMT in initial trades as the market opened after a long Easter weekend. The New York Times reported Monday that the Treasury Department was directing GM to prepare for a bankruptcy court-supervised restructuring despite the company's public contention that it could still reorganize outside court. President Barack Obamas auto task force spent last week in meetings and on conference calls with GM officials and advisers in Detroit and Washington, the newspaper said, quoting people with knowledge of the plans. Those talks are expected to continue this week. The goal is to prepare for a fast "surgical" bankruptcy, the report said. The government on March 30 gave GM, which has received 13.4 billion dollars in public aid, 60 days to come up with an aggressive restructuring to be eligible for further aid the company says it needs to avoid collapse. Some analysts say creditors are pressing GM for a better deal. "GMs creditors seem to believe that they should get a better deal than the car company is offering them so that it can reduce its debt," said Douglas McIntyre of 24/7 Wall Street. "Even the most senior creditors are being asked to take a very modest portion of the face value of their loans to help the huge car company get out of financial trouble," he said. Creditors believe that they have the ability to stop or at least draw out a Chapter 11 bankruptcy process, McIntyre said. "That would make a bankruptcy less attractive to the Treasury, which would simply like to get the GM matter resolved in a way that does the least to disrupt the industry, its suppliers, and its employees," he said. According to The Wall Street Journal, the creditors may find that they have very few rights. The paper said, "Some bondholders fear GMs fast-track reorganization inappropriately mirrors what was done last fall when Lehman Brothers filed for bankruptcy protection as the US financial system seized up." The government decided to let Lehman, the US investment banking icon, collapse in September last year amid financial turmoil following a home mortgage meltdown. Email Story IM Story Printable View Blog This Recommend this article 3 users recommend Sign in to recommend this article » Most Recommended Stories » Enlarge Photo General Motors skidded on the stock market Monday after reports that the government was directing the troubled auto giant to lay the groundwork for a June 1 bankruptcy filing. Most Popular – Top Stories Viewed Police nab Norwegian pair during high-speed sex US govt tells GM to prepare for bankruptcy filing Harry Potter actor arrested over cannabis find Mummies found in ancient Egypt burial chamber Swedish church unveils Lego Jesus statue for Easter View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Tuesday, 14 April 2009
U.N. demands enforcement of North Korea sanctions | International |
Iran offers to train Afghan police in drugs fight | International |
Netsuite software targets SAP, Oracle: source | Technology |
U.S. telecom shift on Cuba to spur info flow: White House | Technology |
Microsoft, Yahoo talking on search deal: report | Technology |
Mel Gibson's wife files for divorce after 28 years | Entertainment |
TV show to track U.S. Navy's battles with pirates | Entertainment |
Porn star Marilyn Chambers dead at 56 | Entertainment |
Madonna still keen to adopt Malawian child: report | Entertainment |
NBC sees some hope with Thursday premieres | Entertainment |
Bitter pill: Showtime passes on Tim Robbins drama | Entertainment |
North Korea scraps nuclear deal | International |
Papal visit bittersweet for Gaza Catholics
Thai protesters end Govt House siege peacefully | International |
Iran candidate seen ruling out enrichment suspension
Iran says trial started for U.S.-Iranian journalist | International |
Soldier accused of killing squad members in Iraq
Hong Kong students start vote on Tiananmen killings | International |
Cubans say Obama move will help families | International |
Iraq accuses media of provoking strife
Goldman Sachs posts forecast-busting earnings
Somali pirates hijack another ship: group | International |
Twitter fights off computer worm
Peru bridge collapse kills 9, injures 53 children | International |
Michelin to shut US factory, cutting 1,000 jobs
Iran says it's open to nuclear dialogue
U.S. may drop key condition for Iran nuclear talks: report | International |
Music producer Phil Spector guilty of murder
Sudan executes nine found guilty of editor's murder
Burger King ad angers Mexican ambassador | International |
10,000 aftershocks follow Italy quake
Sudan's Bashir hails Obama's overture to Islamic world
General Motors stock skids on bankruptcy reports
China orders governments to go green: state media
Ebay Skype sale unlikely: report | Technology |
IMB hails 'robust' military action against pirates
US-TECH Summary
Colombia arrests top FARC drug trafficker
Ebay Skype sale unlikely: report
US rethinking boycott of UN meeting on racism
eBay, StumbleUpon part ways
Netsuite targets SAP and Oracle: source
Twitter fights off computer worm
Shipping companies need armed guards: US commander
U.S. telecom shift on Cuba to spur info flow: White House
Democrat wins round in Minnesota U.S. Senate race
Washington Times to open page a day to readers
Al Gore's Current Media cancels IPO
Microsoft, Discovery in online advertising deal
Obama lifts curbs on Cuban money moves, visits
US eases Cuban travel, money restraints
Two killed as gunman opens fire in French town
Phil Spector convicted of murder | Entertainment |
Pearl Jam album, film, tour in the works | Entertainment |
Final season set for The Tudors | Entertainment |
Bravo stitches up celebrity fashion series | Entertainment |
Mark Wahlberg preps for Date Night | Entertainment |
North Korea scraps nuclear deal
NKorea says will boycott six-party nuclear talks
Mel Gibson's wife of 28 years files for divorce
Indonesia said to allow illegal monkey trade
LA jury finds Phil Spector guilty of murder
Pakistan's Jahangir Siddiqui eyes RBS Pakistan unit
Thai protest leaders call halt after riots
Japan's Sumitomo Metal eyes India venture: report
China orders governments to go green: state media
NZ Feb retail sales rise but rate cut bets still on
12 missing after fishing vessel capsizes off Japan
SKorea shipbuilder buys big tract of Russian land
India set for phase one of marathon elections
S.Korea steel capacity seen at record 64mln T-survey
Thai protesters abandon rally, end standoff
Thai tourism sees 200,000 job losses over crisis
3 promising singers debut in 'Don Giovanni' at Met
Thai protesters end siege peacefully
Foreign visitors to S.Korea hit a record in Q1
Jordanian king meets Japanese emperor and empress
Recovery of gold-laden ship delayed
S.Korean president notes positive economic views
Charity pledges aid for poor -- at home
Asian golf rocked by deep divisions, economy
Bravo stitches up celebrity fashion series
Taiwan dlr moves in tight range after stocks fall
Pearl Jam album, film, tour in the works
Final season set for "The Tudors"
Mark Wahlberg preps for "Date Night"
Haunting debut for singer-pianist Soap and Skin
Review: You've seen `17 Again' _ again and again
'Idol' star Simon Cowell says he isn't leaving yet
Iran says US journalist tried behind closed doors
Somali pirates seize two more ships and attack third | International |
Israel's Peres kicks off new career as TV host
Saudi Arabia to regulate girls' marriages
Displaced Christians want pope to help them return
'Tentative' signs US recession easing: Fed chief
Murky origins of Iraq attacks stir foreboding | International |
U.S.-Iranian reporter on trial in Iran
Iran president to attend Geneva racism meet: U.N. | International |
Georgia resists Moscow-inspired unrest: Saakashvili | International |
Afghanistan fears Swat deal may harm its security | International |
Turkish army chief says Kurdish rebels in disarray | International |
US to give Lebanon military unmanned aircraft
EU starts action against Britain over data privacy | Technology |
EU takes legal action against UK over Phorm
Joint Chiefs head: Violence to rise in Afghanistan
EU urges tougher Internet privacy rules
Joint chiefs chairman: Piracy not a new problem
EU starts action against Britain over data privacy
Texting may allow Finns to don8 to church | Technology |
US may ease nuclear demands on Iran: report
Thailand protest fizzles in dramatic about-face
NKorea to quit nuclear talks
Afghan Taliban kill young woman, man for eloping
Fiji troops tightens grip as sanctions loom
Kazakh groups oppose plan to host nuclear bank
Avalanche kills 7 army soldiers in Indian Kashmir
UK plays on Afghan history hold lessons for today | Entertainment |
Sonia Gandhi keeps Congress hopes alive in India polls
Pakistan president signs sharia deal
East Asia's web of FTAs boosts business, ADB says
KEPCO, POSCO units invest $2.7 bln on clean energy
S&P cuts Taiwan's outlook to negative
Cathay's cargo, passenger traffic falls in March
Cisco to set up R&D center, invest in South Korea
Cisco to set up R&D centre, invest in S.Korea
Fed official: still unclear if US slump bottoming
Pakistani sells 9.3 bln rupees of T-bills
Husband of late reality TV star sentenced
Fed official: still unclear if US slump near end
Comedy darkens, matching leaner times, outrage
US-ENTERTAINMENT Summary
'Fraud' in Indonesia elections: political leaders
UK plays on Afghan history hold lessons for today
Lil' Kim's wardrobe malfunctions; steps work fine
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01