Chrysler to repay 7.5 billion bailout in refinancing plan
Chrysler will repay 7.5 billion of U S and Canadian government loans later this quarter using new bank loans and a bond sale. Refinancing with Morgan Stanley Goldman Sachs Citigroup and Bank of America could cut interest and set up a possible public stock offering as early as year end. Chrysler aims to reduce 12 percent loan interest and improve its profit outlook after ending bankruptcy in 2009.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler
U.S
Morgan Stanley
Goldman Sachs
Citigroup
Bank of America
Canada
Marchionne
Ing
Treasury
Timothy Geithner
Obama
Government urges limits on food ads to children
The U.S. government proposed voluntary guidelines to curb marketing of unhealthy foods to ages 2 through 17. Companies would promote only items low in fats sugars and sodium with healthy ingredients, potentially ending ads featuring cartoon characters and shifting more marketing to digital platforms.
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Washington
McDonalds
General Mills Inc
Kellogg Co
Kraft Foods Global
PepsiCo Inc
Better Business Bureau
Congress
Federal Trade Commission
Agriculture Department, Food and Drug Administration
Federal Centers For Disease Control and Prevention
Margo Wootan
Center For Science
Wootan
Kellogg
Price hikes spread as shoppers face rising costs across families
U.S. households endure higher prices as fuel costs push up expenses for diapers, wipes, ice cream and more. Major makers like Kimberly Clark Procter Gamble PepsiCo Colgate Palmolive and others raise prices to offset surging materials and energy costs while a slow economy and higher unemployment linger. PepsiCo seeks to cut costs while raising prices and P G attempts to hold gains with selective hikes and productivity savings.
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Cincinnati
U.S
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Procter & Gamble Col
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Dove Soap
Ben & Jerry's
Colgate-Palmolive
Slaps
PepsiCo Inc
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U.S. Commerce Department
Jack Russo
Edward Jones
Kim Smith
PepsiCo
Hugh Johnston
P&g
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