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Senators seek more info on dealer closures

In letters Friday to the two companies, the majority of the Senate Commerce Committee sought information on the negotiations brokered by Congress between dealers and the automakers over whether the decisions to shutter dealerships should be ...

From STEPHEN MANNING, San Francisco Chronicle,  20 Nov 2009

Related Topics: General Motors,  Chrysler,  Barack Obama,  Chris Van Hollen

Economic forecasts in bank tests miss their mark

WASHINGTON - All but one of the 19 largest banks have raised the extra capital cushion regulators said they'd need to withstand a deeper recession - a sign, the Treasury secretary said, of how much the financial system has improved since the crisis ...

From STEPHEN MANNING, Atlanta Journal Constitution Vendor,  9 Nov 2009

Related Topics: Federal Reserve,  Chrysler,  Barack Obama,  General Motors,  Citigroup

GAO: Full recovery of auto investment unlikely

WASHINGTON - Taxpayers are unlikely to recover their full investment in General Motors or Chrysler, government investigators said Monday in the latest review to cast doubts that the government will recoup the $80 billion it poured into the two ...

From STEPHEN MANNING, Atlanta Journal Constitution Vendor,  2 Nov 2009

Related Topics: General Motors,  Chrysler,  Barack Obama,  Government Accountability Office,  United States Department of the Treasury

GAO: Full recoup of gov't auto investment unlikely

WASHINGTON - Government investigators say the U.S. government is unlikely to recover all of its investment in General Motors or Chrysler because the companies' value would need to "grow substantially above what they have been in the past." A Government ...

From STEPHEN MANNING, Atlanta Journal Constitution Vendor,  2 Nov 2009

Related Topics: Government Accountability Office,  Chrysler,  General Motors

CIT Group enters Chapter 11 after debt restructuring fails

WASHINGTON - After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of midsized and small businesses. CIT ...

From STEPHEN MANNING, Long Beach Press-Telegram,  2 Nov 2009

Related Topics: CIT GROUP INC,  Washington Mutual, Inc.,  General Motors,  Goldman Sachs

CIT Group files for bankruptcy

WASHINGTON - After struggling for months to avert bankruptcy, lender CIT Group filed for Chapter 11 protection yesterday in an attempt to restructure its debt while trying to keep essential loans flowing to thousands of midsized and small ...

From STEPHEN MANNING, Boston Globe,  2 Nov 2009

Related Topics: CIT GROUP INC,  Washington Mutual, Inc.,  General Motors,  Fidelity Investments,  Goldman Sachs

Retail faces uncertainty as CIT enters bankruptcy

WASHINGTON - The bankruptcy of a key lender that helps retailers stock their shelves is adding to the industry's worries ahead of the critical holiday shopping season. ...

From STEPHEN MANNING, Atlanta Journal Constitution Vendor,  2 Nov 2009

Related Topics: CIT GROUP INC,  Washington Mutual, Inc.,  General Motors,  United States Department of the Treasury,  Goldman Sachs

Key lender files for Chapter 11

the end of the year. WASHINGTON — After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of mid-sized and ...

From STEPHEN MANNING, Inside Bay Area,  1 Nov 2009

Related Topics: CIT GROUP INC,  Washington Mutual, Inc.,  General Motors,  United States Department of the Treasury

CIT files for Chapter 11 bankruptcy protection

CIT made the filing in New York bankruptcy court Sunday, after a debt-exchange offer to bondholders failed. CIT said in a statement that its bondholders have overwhelmingly approved a prepackaged reorganization plan which will reduce total debt by $10 ...

From STEPHEN MANNING, San Francisco Chronicle,  1 Nov 2009

Related Topics: General Motors,  Chrysler,  Goldman Sachs

CIT files for bankruptcy protection

L ender CIT Group CIT-N has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing to the thousands of mid-sized and small businesses. CIT made the filing in New York bankruptcy court Sunday, ...

From STEPHEN MANNING, Globe and Mail,  1 Nov 2009

Related Topics: CIT GROUP INC,  General Motors,  Chrysler,  Goldman Sachs

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