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Judge Clears Way for Sale of Chrysler to Fiat
With the approval of the sale to the Italian carmaker, Chrysler could exit bankruptcy as early as this week.
Chinese Manufacturing Expanded in May
The Chinese manufacturing sector continued to expand moderately, as new export orders improved, two surveys showed on Monday.
Hawaii Superferry Goes Bankrupt
The operator of the only passenger ship connecting the islands is filing for bankruptcy, two months after a State Supreme Court ruling effectively shut it down.
Chrysler's sale to Fiat approved
US car group Chrysler secures court approval to sell most of its assets to a consortium led by Italy's Fiat.
Honda's production line restarts
The production line at Honda's car factory in Swindon is going back into operation after a four- month break.
Chrysler gets judge's approval for asset sale
Reuters - A U.S. bankruptcy judge on Sunday 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 .
Rate-setter warns of 'false dawn'
The Bank of England official who warned of recession says signs of improvement in the economy may be 'false dawns'.
China's economy stabilizing; export orders tick up
Reuters - China's manufacturing sector continued to expand moderately in May as new export orders improved, two surveys showed on Monday, adding to tentative signs that the world's third-largest economy is stabilizing.
Stocks in Europe and Asia Rally
Markets rose across Asia and Europe even as the world waited for the bankruptcy of G.M. later Monday.
Back to Business: Even in Crisis, Banks Dig in for Fight Against Rules
Underlying a battle over derivatives trading is a broader debate over what the right amount of regulation is.
Pound at seven-month dollar high
The pound rises to a seven-month high against the dollar, as the greenback continues its recent falls on currency markets.
Oil prices reach seven month-high
Oil continues its rally, rising above $67 for the first time since November on sustained hopes for a global economic recovery.
Geithner assures China investors
Treasury Secretary Timothy Geithner tells China's government its huge investments in the US are 'very safe'.
UK manufacturing outlook improves
UK manufacturing shrank at its slowest pace for a year in May, a survey suggests, adding to hopes the worst of the recession had passed.
G.M. Seeks Bankruptcy and a New Start
The bankruptcy, filed Monday morning, is part of a plan that President Obama will outline to drastically shrink the automaker while keeping it competitive.
After Many Stumbles, Fall of an American Giant
Rarely has a company fallen so far and so fast as General Motors, which ruled the car industry for over 50 years.
Once a Key to Recovery, Detroit Adds to Pain
American manufacturing, especially at Detroit?s Big Three, is no longer in a position to help end recessions.
GM enters bankruptcy protection
Car giant General Motors files for bankruptcy protection, the biggest industrial failure in US corporate history.
Eurozone sees contraction ease
Factory production in the eurozone contracted more slowly in May than expected, a key survey suggests.
Bankrupt G.M. Says It Owes $172 Billion
Seeking protection from creditors, G.M. listed assets of only $82 billion. The president will outline a plan to make the automaker viable, but much smaller.
Wall St. Looks Beyond the G.M. Filing
U.S. shares moved higher at the open, looking past the widely anticipated bankruptcy filing of General Motors and focusing on some upbeat economic numbers.
Consumer Spending Fell in April
Consumers cut spending in April, although by less than expected, amid rising unemployment.
In pictures: History of General Motors
The rise and fall of a company that once symbolised American economic power but now faces tough restructuring
Part of the union
The UAW now has a stake in the new General Motors
How GM got here
From biggest car boom to biggest industrial bust
UK factory outlook improves
UK manufacturing shrank at its slowest pace for a year in May, a survey suggests, adding to hopes the worst of the recession had passed.
US economy shrinks more slowly
The US economy shrank by 5.7% in the first quarter of 2009, less than had previously been estimated by official figures.
India growth better than thought
India's economy slowed to annual growth of 5.8% in the first three months of the year, which was better than expected.
Wall Street up as China data spurs optimism
Reuters - U.S. stocks opened higher on Monday as stronger economic data from China fueled optimism that the worst of the global recession was past, even as General Motors filed for bankruptcy.
U.S. construction spending unexpectedly up in April
Reuters - U.S. construction spending unexpectedly posted its biggest increase in eight months in April, advancing for a second straight month as the private sector put money into both residential and nonresidential projects, according to a government report on Monday.
Citi, Morgan Stanley complete brokerage JV early
Reuters - Morgan Stanley and Citigroup Inc have launched their brokerage joint venture at least a month ahead of schedule, the companies said on Monday.
Freddie to conduct tender offer for up to $30 billion
Reuters - Freddie Mac this week is offering to buy back from investors up to $30 billion principal amount of its debt to reduce its effective short-term debt, the second-largest U.S. home funding provider said on Monday.
U.S. consumer spending eases, income surges
Reuters - U.S. consumer spending fell in April from March, despite personal income posting the largest increase in 11 months, a government report said on Monday, showing activity in the second quarter getting off to a slow start.
G.M. Designates 14 Plants for Closing
The plants being closed include an engine factory in Ypsilanti, Mich., where workers built B-24 bombers during World War II, and the former Saturn assembly plant in Spring Hill, Tenn.
A Primer on the G.M. Bankruptcy
General Motors followed Chrysler into bankruptcy in a case that will be one of the largest and most complex in history. Here is a quick look at some basics of the G.M. bankruptcy.
A Response to Reader Questions About G.M.?s Bankruptcy
Ron Lieber, the Your Money columnist, responds to reader questions about General Motors? bankruptcy and what it means for consumers.
Wall St. Looks Beyond G.M. Filing
U.S. shares moved higher at the open, looking past the widely anticipated bankruptcy filing of General Motors and focusing on some upbeat economic numbers.
US consumers cut back on spending
US consumer spending falls for the second month in a row in April, despite an increase in personal income levels.
Fiat to acquire Chrysler assets
US car group Chrysler secures court approval for a consortium led by Italy's Fiat to take over its assets.
Canadian economy in sharp decline
Canada's economy contracted 5.4% in the first three months of this year, the fastest rate of decline since 1991, official data shows.
Wall Street jumps as economic data boosts optimism
Reuters - U.S. stocks rose sharply on Monday as strong economic data bolstered optimism the worst of the global recession was past, even as General Motors filed for bankruptcy and was removed from the Dow industrial index.
U.S. manufacturing shrinks at slower rate
Reuters - The U.S. manufacturing sector contracted at a slower rate in May, while consumer spending fell modestly in April, according to reports on Monday that were further evidence the deep recession was easing.
General Motors, Citigroup to be cut from the Dow
Reuters - The closely watched Dow Jones industrial average reshuffled the deck on Monday, removing both General Motors Corp and Citigroup Inc in a widely anticipated move.
U.S. Treasury: lending fell in March at TARP banks
Reuters - The U.S. Treasury Department said on Monday average lending from about 500 banks that have received government capital injections fell 0.8 percent in March compared to February.
GMAC bank unit denies paying unfair interest rates
Reuters - Ally Bank, the banking unit of auto and mortgage lender GMAC, on Monday denied competitors' complaints that it is paying excessive interest rates to attract deposits while on a government-funded lifeline.
Obama Sees ?Painful? Birth of New G.M.
President Obama described the investment of more billions of taxpayer dollars in G.M. as necessary to avert a calamity that could hurt millions of people.
A Reader Q.&A. on G.M.?s Bankruptcy
Ron Lieber and Tara Siegel Bernard respond to reader questions about what the bankruptcy means for consumers.
Markets Move Sharply Higher on Economic Data
U.S. shares moved higher, looking past the bankruptcy filing of General Motors and focusing on some upbeat economic numbers.
Back to Business: In Crisis, Banks Dig In for Fight Against Rules
Underlying a battle over derivatives trading is a broader debate over what the right amount of regulation is.
Nigeria retakes control of Nitel
The Nigerian government takes back control of the country's former telecoms monopoly Nitel, citing a lack of investment and unpaid debts.
Upbeat economic data boosts Wall Street
Reuters - Stocks rallied on Monday as reassuring economic data spurred optimism the recession is abating, overshadowing a long-expected bankruptcy filing by General Motors.
U.S. manufacturing shrinks at slower pace in May
Reuters - The U.S. manufacturing sector contracted at a slower rate in May, while consumer spending fell modestly in April, according to reports on Monday that offered more proof the deep recession was losing its bite.
Delphi in deal to emerge from bankruptcy
Reuters - Delphi Corp said on Monday it has reached a deal to sell most of its global operations to private equity firm Platinum Equity, allowing the car parts supplier to emerge from Chapter 11 bankruptcy protection.
Citigroup exit from Dow cements bank's downfall
Reuters - Citigroup Inc's run of ignominy has now come to this: losing its coveted spot in the Dow Jones industrial average (.DJI) to a former unit.
US income rise fails to ignite consumer spending
AFP - US personal income posted a surprise jump in April fueled by government stimulus and tax breaks but wary consumers were reluctant to spend in the midst of prolonged recession, new data showed Monday.
DealBook: Delphi Reaches New Deal to Exit Bankruptcy
Delphi, the auto parts supplier that has been in bankruptcy for nearly four years, said it reached an agreement to sell most of its assets to Platinum Equity, a private equity firm.
With Sale, G.M. Europe Avoids the Fray
Opel and the rest of G.M.?s European business escaped bankruptcy with help from Berlin and Magna International, the Canadian parts maker.
Administration Is Near a Financial Overhaul Plan
A comprehensive regulatory plan for the financial industry is expected to go to Congress this summer.
Stocks Move Higher on Economic Data
U.S. shares moved higher, looking past the bankruptcy filing of General Motors and focusing on some upbeat economic numbers.
Itineraries: Nowadays, the Advantage Goes to the Traveler
Hotels and airlines are using incentives to try to satisfy a shrinking customer base.
Murdoch Said to Consider DirecTV Executive for Key Post
Rupert Murdoch is trying to lure Chase Carey, the chief executive of DirecTV, to become his top lieutenant, according to a person briefed on the matter.
Green Inc. Column: Few Rules for Recycling Electronics
Environmental groups are pressing for better regulation of companies that collect discarded electronic equipment in the U.S. and sell it in developing countries.
Markets up on good economic news
Encouraging economic data from China, the US and the UK sends stock markets rising around the world.
Wall Street advances on economic hopes, GM relief
Reuters - U.S. stocks rose on Monday, sending the S&P 500 to a seven-month high, as reassuring economic data reinforced hopes of economic stabilization, while General Motor's long-expected bankruptcy petition lifted uncertainty about the automaker's fate.
Citi, Morgan Stanley start brokerage JV early
Reuters - Morgan Stanley and Citigroup Inc have started their retail brokerage joint venture at least a month ahead of schedule, but have already lost more than 1,500 brokers.
Bank of America wins in $1 billion-plus Calif lawsuit
Reuters - California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.
After Many Stumbles, the Fall of a Giant
Rarely has a company fallen so far and so fast as General Motors, which ruled the car industry for over 50 years.
Fed Offers Rules for Banks to Repay Bailout Money
The rules apply to the nation?s 19 largest banks, which have assets of more than $100 billion and were subjected to ?stress tests? to determine their financial strength.
Justices Accept Case on Patenting of Business Methods
The issue, about which business processes can be protected, has the potential to reshape significant parts of the economy.
Microsoft Outlines New Strategy for Xbox
The company wants the Xbox 360 game console to become a gateway for movies, television and social networking.
DealBook: EMC Tops NetApp's Bid for Data Domain
The world?s biggest maker of storage computers said that it was offering $30 a share in cash, or about $1.8 billion, to acquire Data Domain, topping NetApp?s offer of $25 a share.
Wall Street jumps on recovery bets and GM; AmEx off late
Reuters - U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.
JPMorgan, Amex to sell stock to get out of TARP
Reuters - JPMorgan Chase & Co and American Express Co on Monday announced plans to sell $5.5 billion of common stock, hoping to position themselves to quickly repay funds from the government's bank bailout plan.
Jury in Michigan sides with SEC in Kmart case
AP - The former head of Kmart Corp., who told jurors he was hired to save the venerable retailer, was found liable Monday for misleading investors about company finances before a bankruptcy protection filing in 2002.
Delphi to Submit New Plan to Emerge From Bankruptcy
Under the deal, the auto parts maker, which was once owned by General Motors, will sell most of its assets to Platinum Equity.
With Sale, G.M. Europe Avoids Fray
Opel and the rest of G.M.?s European business escaped bankruptcy with help from Berlin and Magna International.
The Ad Campaign for a ?New? G.M.
A TV commercial that will begin running Wednesday combines patriotic images with some straight talk about G.M.?s failings.
Justices to Weigh Issue of Patenting Business Methods
The issue, about which business processes can be protected, has the potential to reshape significant parts of the economy.
Tech Company Helps South Korean Students Ace Entrance Tests
Megastudy.net, an online tutoring service, may be the perfect convergence of South Koreans? dual obsessions with educational credentials and the Internet.
Advertising: An Effort to Differentiate Yet Another Day of Volunteering
On Mandela Day, people around the world will be urged to volunteer, much as they are on countless other occasions.
Asian Manufacturing Rises as European Slowdown Eases
New figures appear to show that interest rate cuts and stimulus measures adopted around the world since late last year may be starting to affect the global economy.
Microsoft Reveals New Strategy for Xbox
The company wants the Xbox 360 game console to become a gateway for movies, television and social networking.
Frequent Flier: Coups and Security Checks for Duff McKagan
The rock musician Michael McKagan, known as Duff, said getting repeatedly pulled out of line for ?random? security checks gives him a chance to stretch his muscles.
Room for Debate: Room for Debate: Goodbye to the Local Car Dealer
What does the loss of more than 3,000 G.M. and Chrysler dealers mean?
Chinese pain
Fewer jobs for graduates as economy slows
Grocery basket
How food prices have changed in seven major cities
Bank regulation system 'failed'
The tripartite system of bank regulation and supervision failed and must be reformed, a House of Lords committee says.
Obama Is Upbeat for G.M. Future on a Day of Pain
President Obama described the investment of more billions of taxpayer dollars in G.M. as necessary to avert a calamity that could hurt millions of people.
News Analysis: Obama?s Test: Restoring G.M. With a Limited U.S. Role
The longer the government holds on to its stake in General Motors, the more the pressures will build to intervene in its business.
Now a G.M. Owner, U.A.W. Faces Nimble Balancing Act
Life has become more complicated for the United Automobile Workers union, a sometime antagonist and now a major shareholder.
For Chief, Little Time and a Full Plate
Fritz Henderson, a relative unknown in corporate America, has only a few months to turn General Motors around.
Judge in Case Is Known for His Brisk Approach
Judge Robert E. Gerber has made decisions that give the government reason to be optimistic in the General Motors bankruptcy case.
New Plan From Delphi To Leave Bankruptcy
Under the deal, the auto parts maker, which was once owned by General Motors, will sell most of its assets to Platinum Equity.
Banks May Soon Get Approval to Leave the Bailout Program
The Federal Reserve plans to announce next week an ?initial set? of banks that can repay government support, and escape the restrictions that came with it.
Drug Agency May Reveal More Data on Actions
A new task force within the Food and Drug Administration will recommend ways to reveal more information about F.D.A. decisions, including now secret data on drugs and devices.
Economic Data Push the Dow 2.6% Higher
Investors looked past the bankruptcy filing of General Motors and focused on signs of recovery in construction and manufacturing.
Advertising: How to Stand Out On One More Day Aimed at Volunteers
On Mandela Day, people around the world will be urged to volunteer, much as they are on countless other occasions.
Murdoch Said to Be Wooing DirecTV Chief to Be His No. 2
Chase Cary, a former News Corp. executive, is being considered as the successor to Peter Chernin, who is leaving at the end of the month.
CBS News to Let a Web Site Pick Up Its Live Coverage
Seeking a younger audience more accustomed to watching the news on the Internet than on television, CBS News will simulcast its newscasts and special reports.
Breakingviews.com: G.M. Bankruptcy Loomed for Years
The broader financial crisis certainly precipitated the demise of America?s largest carmaker, but it was not the ultimate cause.
On the Road: An In-Flight Magazine Is Given an Upgrade
United Airlines?s magazine, Hemispheres, has taken on more of an edge; its staff members formerly worked at publications like Radar and Rolling Stone.
Jury Finds Ex-Kmart Chief Liable
A federal jury found the Kmart Corporation?s former chief executive, Charles C. Conaway, liable for misleading investors about the company?s cash crisis in the months before its 2002 bankruptcy.
EMC Tops NetApp?s Offer for Data Domain
An unexpected suitor makes a $1.8 billion offer for a company that cuts computer storage costs.
Ex-Enron Official Enters Guilty Plea
To avoid a third trial, Kevin A. Howard, the broadband unit?s finance chief, pleaded guilty to one count of falsifying books and records.
Obama Is Upbeat for G.M.?s Future
President Obama described the investment of more billions of taxpayer dollars in G.M. as necessary to avert a calamity that could hurt millions of people.
Now a G.M. Owner, U.A.W. Faces Delicate Balancing Act
Life has become more complicated for the United Automobile Workers union, a sometime antagonist and now a major shareholder.
Geithner Softens Tone in Approach to Beijing
In a speech on Monday, Treasury secretary Timothy F. Geithner said he wanted China and the United States to work together to create growth that was more balanced and sustainable.
Travelers and Cisco Replace G.M. and Citi in Dow Index
The changes may not affect many investors because the index is weighted by price, and the value of Citi?s and G.M.?s shares has been low.
EMC Tops an Offer for Data Domain
An unexpected suitor makes a $1.8 billion offer for a company that cuts computer storage costs.
Zurich Journal: As Swiss Economy Goes South, Appetites Turn to Italy
Swiss bankers in surprising numbers are seeking comfort in Italian cuisine.
Target to partner with DailyCandy.com: report
Reuters - Target Corp, the No. 2 U.S. discount retailer, plans to announce a partnership with Comcast Corp's free daily e-mail newsletter and website DailyCandy.com on Tuesday, the Wall Street Journal reported.
Dow gets shake-up as GM, Citi kicked out of average
Reuters - General Motors and Citigroup were kicked out of the closely watched Dow Jones industrial average on Monday, marking a historic fall from grace for two once venerable American corporations.
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