DETROIT/WASHINGTON (Reuters) – General Motors Corp will file for bankruptcy later on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.
DETROIT (Reuters) – A U.S. Bankruptcy Court judge approved the sale of substantially all of U.S. automaker Chrysler’s assets to a group led by Italy’s Fiat SpA hours before an expected bankruptcy filing by General Motors Corp .
June 1 (Reuters) – The following bids, mergers,
acquisitions and disposals involving European, U.S. and Asian
companies were reported by 0400 GMT on Monday.
June 1 (Reuters) – Private equity firm The Carlyle Group
[CYL.UL] and some investors are in talks to buy the failed
Silverton Bank of Atlanta, which provided services to other
banks rather than to consumers, the Wall Street Journal said,
citing people familiar with the matter.
Bankers hoping to distinguish themselves from their competitors will not find much of a market for the quirky but ultimately troubled offerings of the past few years.
A hefty impairment charge on its U.S. operations drove Royal Bank of Canada to its first quarterly loss in 16 years.
Bank of America said O. Temple Sloan Jr. has resigned from its board. A chairman of an auto parts distributor, he had been the company’s lead director …
North Korea has shifted its most advanced long-range missile — capable of reaching Alaska — to a new west coast launch site near the border with China, reports said Monday
Administration officials say the U.S. government will be a ‘passive’ investor in new GM but will oversee operations
• FOXBusiness: GM to File for Bankruptcy and Split
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Treasury secretary seeks to reassure China on exploding U.S. budget deficit, which is projected to hit record $1.84T
