Obama moves GM into bankruptcy and temporary nationalization
President Obama announced GM would enter bankruptcy protection and the government would hold a 60 percent stake with Canada at 12.5 percent. The plan includes $30 billion more in aid, while 21,000 jobs and 2,600 dealers would be shed as GM restructures under federal oversight.
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U.S
Obama
Chrysler LLC
Detroit
Ford Motor Corp
United Auto Workers Union
Treasury
Canada
UAW
Stocks Rally On Positive Data In June Start
The Dow Jones, S and P 500, and Nasdaq rose over 2 percent as manufacturing, consumer, and construction data beat expectations. GM's bankruptcy filing reminded of government involvement after AIG and Freddie Mac runs, while Treasury yields surged but markets shrugged. Analysts warn the rally may be premature as demand drivers remain weak and the economy only stabilizes.
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U.S
Robert Gibbs
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House
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Ohio
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General Motors
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Ing
General Motors Corp
America
American International Group Inc
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Treasury
Kim Caughey
Equity
Fort Pitt Capital Group
Groundbreaking planned for $7.6 million ER expansion
Greenbrier Valley Medical Center will break ground this summer on a roughly 7.6 million dollar expansion to its Emergency Room. The project will more than double ER size, with plans to add a dedicated home and gynecology room and an in ER X-ray suite. Construction begins July and runs about 20 months. Laughlin Miler Hillman of Louisville, Kentucky is the architect.
MENTIONED IN THIS ARTICLE
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Greenbrier Valley Medical Center
Rob Followell
John Johnson
D.C
Laughlin Miler Hillman
Louisville, Ky
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