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  • Ford to raise $3.3 billion in stock, debt sales

    Nov 3rd, 2009 - The Associated Press

    DEARBORN, Mich. (AP) -- Ford Motor Co. said Monday it will ask its lenders for extra time to repay at least some of the $10.1 billion borrowed under a line of credit, and will sell about $3.

  • Sale of Phoenix Coyotes to the NHL is approved

    Nov 3rd, 2009 - Los Angeles Times

    The Phoenix Coyotes' bumpy six-month journey through U.S. Bankruptcy Court has come to an end with a judge's approval of the sale of the franchise to the NHL. Judge Redfield T...

  • GM Board Revisits Sale of Opel to Magna

    Nov 2nd, 2009 - Wall Street Journal

    DETROIT-General Motors Co.'s board of directors will get one more chance to alter the auto maker's course in relation to its Opel and Vauxhall operations in Europe when it meets for its fourth formal meeting on the matter Tuesday.

  • Ford surprises with $1B profit; sees profit in '11

    Nov 2nd, 2009 - Yahoo! News

    Ford surprises with $1B profit; sees profit in '11DEARBORN, Mich. – Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011.

  • US businesses at risk as lender CIT Group files for bankruptcy

    Nov 2nd, 2009 - guardian.co.uk

    US businesses at risk as lender CIT Group files for bankruptcyThousands of small and medium-sized businesses in the US face financial difficulties and could go out of business after lender CIT Group filed for bankruptcy protection last night. Although the company will keep operating...

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