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- Fitch Downgrades General Motors to 'B-', Outlook Negative
- CHICAGO & NEW YORK -- Fitch has downgraded the Issuer Default Rating IDR of General Motors Corporation GM to 'B-' from 'B', and assigned a Rating Outlook Negative. The downgrade results from weak economic conditions, the dramatic shift to fuel efficient vehicles and the resulting cash drains at GM that...
- Research articles 2008-06-25
- (GM) SqueezeTrigger Price is $27.895. There is $1,716,530,543.00 That Short Sellers Still Need To Cover.
- M2 PRESSWIRE-1 February 2008-BUYINS.NET: GM SqueezeTrigger Price is $27.895. There is $1,716,530,543.00 That Short Sellers Still Need To CoverC1994-2008 M2 COMMUNICATIONS LTD RDATE:31012008 BUYINS.NET / www.squeezetrigger.com is monitoring GEN MOTORS (NYSE:GM) in real time and just received an alert...
- Research articles 2008-02-01
- (GM) SqueezeTrigger Price is $27.896. There is $1,705,091,062.60 That Short Sellers Still Need To Cover.
- M2 PRESSWIRE-31 January 2008-BUYINS.NET: GM SqueezeTrigger Price is $27.896. There is $1,705,091,062.60 That Short Sellers Still Need To CoverC1994-2008 M2 COMMUNICATIONS LTD RDATE:30012008 BUYINS.NET / www.squeezetrigger.com is monitoring GEN MOTORS (NYSE:GM) in real time and just received an alert...
- Research articles 2008-01-31
- GM forced to take a $39B charge
- DETROIT -- General Motors announced late Tuesday that it is taking a $39 billion charge in its third-quarter earnings to stay in compliance with accounting laws that say a company can't keep booking tax credits if it doesn't have a track record of making money. GM...
- Research articles 2007-11-07
- US giant GMAC to back bid for Northern Rock: report
- LONDON AFP — US financial services group GMAC will lead a rescue bid for stricken bank Northern Rock, according to a media report on Sunday. The Sunday Times, which did not cite its source, reported that GMAC would play a key role in a bid being assembled by US...
- Research articles 2007-10-28
- Graduate Management Admission Council Introduces New Global Executive Team
- To: EDUCATION EDITORSContact: Bob Ludwig of the Graduate Management Admission Council, +1-703-245-4302, rludwig@gmac.com MCLEAN, Va., Sept. 25 /PRNewswire-USNewswire/ -- The Graduate Management Admission CouncilR (GMACR) has announced the appointment of a vice president who will oversee all international operations. The Council also named a vice president for the European, Middle...
- Research articles 2007-09-25
- GMAC withdraws its Merc.
- GMAC-RFC has withdrawn its "revolutionary" Merc mortgage which it admits has not been as popular as anticipated. The sub-prime Mainstream rate, Extended criteria, Redemption swap, Creative solution loan was launched in April and plugged as the first product to feature a redemption/rate swap. ...
- Research articles 2007-09-06
- GM's quarterly profit drops 90% to $62M
- DETROIT -- The troubled mortgage market spilled onto General Motors Corp.'s balance sheet Thursday as first-quarter profits dropped 90 percent from a year ago due mainly to losses at GM's former financial arm. But the fact that the nation's largest automaker still lost money on its North American...
- Research articles 2007-05-04
- GM cautious about its 4th-quarter profit
- DETROIT -- In a region battered by the loss of thousands of automotive jobs and whose primary industry has been awash in red ink, news of a $950 million fourth-quarter net profit from General Motors Corp. should have been met with a parade. But the bad news of...
- Research articles 2007-03-15
- Texas has highest rate of uninsured kids
- About 47% of parents in families earning less than $40,000 a year are offered health insurance through their employers -- a 9% drop during the past decade. The figure underscores concern that low-income parents are experiencing a dramatic erosion in employee benefits, said the Robert Wood Johnson Foundation, which funded...
- Research articles 2007-03-14
- Want to Buy a Used Finance Company?
- Watching Ford and General Motors used to be like watching Tweedledee and Tweedledum. One offered zero-interest car loans, the other offered zero-interest car loans. Both developed an unfortunate addiction to selling high-profit, hot-selling SUVs and pickups, and have been suffering withdrawal pains since those markets cooled. Both acquired car-rental companies...
- Research articles 2006-12-18
- GENERAL MOTORS CORP - GM Completes the Sale of Controlling Interest in GMAC.
- GM Completes the Sale of a Controlling Interest in GMAC DETROIT, Nov. 30 -- General Motors Corp. (NYSE: GM) today announced that it has completed the sale of a 51-percent interest in GMAC to a consortium of investors led by Cerberus...
- Research articles 2006-11-30
- Lending arm of GM shifts assets to an industrial bank
- DETROIT (Dow Jones/AP) -- GMAC Financial Services, the lending arm of General Motors Corp., on Monday said it has transferred assets from a thrift bank belonging to the automaker to an industrial bank that GMAC will retain when it becomes controlled by a group of investors. The move...
- Research articles 2006-11-29
- GM's loss less than reported; SEC probing metals deals
- WASHINGTON AFP — US auto group General Motors Corp. said that its third quarter loss was not as large as it had previously reported due to a series of loan sales that had not been accounted for. GM, which is cooperating with government investigators on a number of probes, also...
- Research articles 2006-11-07
- GENERAL MOTORS CORP - 3rd Quarter Results.
- GM Reports Preliminary Third-Quarter Financial Results - Reported net loss of $115 million, or $0.20 per share - Adjusted net income of $529 million, or $0.93 per share diluted - Record third-quarter revenue...
- Research articles 2006-10-25
- GM presents bullish outlook for future
- DETROIT, United States AFP — The outlook for General Motors Corp. for the balance of the year is bullish thanks to new models in the US and growth of sales in markets such as China, GM Vice chairman Robert Lutz said. Lutz, speaking to reporters at GM's Proving Ground...
- Research articles 2006-08-02
- Know Where Your Pension Is?
- Byline: Kimberly Lankford, Kiplinger Washington Editors I was a Wal-Mart employee from 1988 to 1995 in a store that has since closed, and I am trying to find out exactly what happened to my profit-sharing fund. I never received a payout and am...
- Research articles 2006-06-13
- GM struggles to recoup
- DETROIT -- General Motors Corp., desperate for cash to pay for buyouts and plant closings as part of its North American restructuring, said Monday that it has agreed to sell a 51 percent stake in its finance arm in a deal expected to generate $14 billion for the world's biggest...
- Research articles 2006-04-04
- GM sells majority of financing unit
- General Motors said Monday it will sell 51% of its profitable GMAC lending unit for less than its book value in return for an expected $14 billion cash the next three years. The deal, to close in the fourth quarter, gives the money-losing automaker $7.4 billion from buyers at...
- Research articles 2006-04-04
- GM to sell finance arm in 14 billion dollar deal
- DETROIT, United States AFP — Struggling auto giant General Motors took another step in its turnaround strategy with a deal to sell a 51 percent stake in its GMAC finance arm to a group of private investors. The stake General Motors Acceptance Corp., a key profit driver in the...
- Research articles 2006-04-02
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