GMAC’s $7 Billion Deal: Too Little, Too Late
GMAC finally got its designation as a commercial bank. That allowed the firm to get $6 billion in federal money, $5 billion of which comes from the Treasury Department in ...Read Full Story »
Daily Archives: December 30, 2008
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Media Digest 12/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg (GM)(TM)(HMC)(DOW)(F)
According to Reuters, GMAC will get $6 billion from the government with $1 billion coming through GM (GM).Reuters reports that violence in Gaza intensified.Reuters writes that Japan is looking at ...Read Full Story »
Asia Markets And Europe Open 12/20/2008 (TM)(SNE)
Markets in Asia were mostly higher. The Nikkei was up 1.3% to 8,860, but was down 42% for the year. Toyota (TM) fell modestly, and Sony (SNE) rose.The Hang Seng ...Read Full Story »
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