Judge OKs cash for Chrysler in Fiat sale plan
A bankruptcy judge approved access to 4.5 billion to fund Chrysler through June as a bridge to a sale to Fiat Group SpA. Interim 1.8 billion loan available now, full 4.5 billion pending final approval. UAW argues stake size. lenders seek fair treatment for secured debt holders.
MENTIONED IN THIS ARTICLE
New York
Chrysler
Italy
Fiat Group Spa
Chrysler LLC
U.S
Arthur Gonzalez
King Chrysler
Tom Lauria
Lauria
United Auto Workers Union
Sterling Heights
Mich
UAW
Ron Gettelfinger
Gonzalez
Fiat
Ment
Economy UnExectedly Brightens With March Construction Spurt
The Commerce Department reports a 0.3 percent rise in March construction spending the best since a prior drop and the National Association of Realtors records a 3.2 percent gain in pending home sales to 84.6. The gains, though modest, lift optimism that construction may stabilize amid ongoing housing and financing challenges. Economists warn the rebound could be temporary as credit conditions remain tight and private residential spending dropped 4.2 percent in March. The stock market rally follows the data with the Dow up about 190 points.
MENTIONED IN THIS ARTICLE
Commerce Department
National Association of Realtors
Ian Shepherdson
U.S
Wall Street
Georgia bank failures hit small towns as regulators close FirstCity Bank
In Gibson Georgia and Glascock County residents fear for their community as FirstCity Bank is shuttered by regulators amid a wave of U.S. bank failures. Experts cite Georgia's restrictive history, rapid Atlanta-area growth, and a boom in real estate loans as factors behind the collapse and potential for more closures.
MENTIONED IN THIS ARTICLE
Gibson
FirstCity Bank
Georgia
Glascock
Charles Usry
Main Street
First City
Atlanta
California
Florida
America
Steve Verdier
Independent
Community Bankers of America
Bank of America
Sun-Trust
Wachovia
Metro Atlanta
James Verbrugge
University of Georgia
Terry College of Business
Verbrugge
GM CEO says bankruptcy still avoidable amid restructuring
GM Chief Fritz Henderson says it remains possible to avoid bankruptcy and expects to meet a June 1 deadline. He rejects a bondholder counteroffer for a 58 percent stake, citing Treasury limits of 10 percent equity. The company seeks 90 percent bondholder participation to swap $27 billion in debt for equity while cutting costs and shrinking operations.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Chrysler
Fritz Henderson
Rick Wagoner
Obama
Chrysler LLC
U.S
New York
Henderson
Associated Press
Ers
Henderson Essentia
Treasury Department
Treasury
North America
Also Mentioned on This Page
Martin Cruisinger
Gibson, Ga
Bynum
Tom Krisher
SCORE
Scorecleveland.org
the Market IN Review
Dany Dow Jones
Dow Industrials
Dow Transportaton Setae
Dow Utilities
Mts
Ncg Rat
Kkrfn
ChinaArch
EsinliCap
Pertumania
Astronics S
Bka
SPOR
Faci
Eae Oe
Lidmenia
Paorgon
Walterino
Lincenslee
Lowes WY OM
CitryTet
Nasd
Dredo
DinFinBull
Prushsbp
EmersonEl NY
Prousnifn NY
SearsHidgs Nash
Ismemits
Wells Fargo NY
Lvsands
Windsirm NY
Chicago Board of Trade
CME
Ae Tide Exchange
NYBT
New York Board of
Eaueee
Wessie
Ino American Funds
BalAmmerican Funds
BondAm
Merican
Wamutinvam Lv
Dodge & Cox intiStk
Cox Stock lv
Fidelity Divin
Vanguard
Abe
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!