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{ Tag Archives } the-troubled

Bank of America to repay TARP, raise cash

Bank of America Corp. said today it plans to repay its $45 billion in government bailout funds in the next few days, a move that will help the troubled bank recruit a new CEO. Go here to read the rest: Bank of America to repay TARP, raise cash

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Saab CEO in Detroit to meet new potential buyers

STOCKHOLM – (AP) Officials from Saab Automobile AB and the Swedish government traveled to Detroit Monday in a final attempt to help General Motors Co. find a solution for the troubled Swedish auto maker. Saab spokeswoman Gunilla Gustavs said CEO Jan Ake Jonsson would

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Koenigsegg backs out of plan to buy Saab from GM

DETROIT – (AP) A Swedish specialty automaker has backed out of a deal to buy Saab from General Motors Co., casting serious doubt on the future of the troubled brand. GM said Tuesday that Koenigsegg Group AB has decided to end the deal, which was announced in June. Financial details

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CIT debt swap could cost U.S. more than $1.8 billion (Reuters)

Reuters – If CIT Group exchanges its debt under an offer aimed at averting a bankruptcy filing, the U.S. government could lose nearly 80 percent of its $2.33 billion investment in the troubled commercial lender. Read more from the original source: CIT debt swap could cost U.S. more than …

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CIT debt swap could cost U.S. more than $1.8 billion

NEW YORK (Reuters) – If CIT Group exchanges its debt under an offer aimed at averting a bankruptcy filing, the U.S. government could lose nearly 80 percent of its $2.33 billion investment in the troubled commercial lender. See the original post: CIT debt swap could cost U.S. more than $1.8 billion

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Military Operation Targets Taliban Before Afghan Election – Voice of America

CTV.ca Military Operation Targets Taliban Before Afghan Election Voice of America A joint US-Afghan military operation has begun in the troubled Helmand province against Taliban fighters who have vowed to disrupt the August 20 presidential election. US Marines say a new operation has begun to thwart the insurgents in … Marines assault Taliban town in Afghanistan The Associated Press Troops move to secure southern Afghanistan before vote CNN International US Marines in mass assault on Taliban town Telegraph.co.uk AFP  - Aljazeera.net  - 9&10 News all 684 news articles »

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Bomb Kills 8 Afghans Escorting NATO Convoy – New York Times

Times Online Bomb Kills 8 Afghans Escorting NATO Convoy New York Times KANDAHAR, Afghanistan — Amid concerns about security for next month's presidential elections in Afghanistan, a remote-controlled bomb exploded in the troubled southern province of Helmand and killed eight Afghan … Mapping Operation Panther's Claw BBC News FACTBOX-Military deaths in Afghanistan Reuters News Analysis: Huge pressure, uncertainty result in changes of … Xinhua Telegraph.co.uk  - AFP  - Reuters India all 3,230 news articles »

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PBGC to assume responsibility for Delphi pensions

WASHINGTON – (AP) The Pension Benefit Guaranty Corp. said Wednesday that it will assume responsibility for the pension plans of 70,000 Delphi Corp. workers and retirees, as the troubled auto supplier continues to restructure under bankruptcy protection. The federal agency said it i

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FDIC resisting calls to aid lender CIT Group

WASHINGTON – (AP) With government officials locked in negotiations about a possible bailout for business lender CIT Group Inc., the Federal Deposit Insurance Corp. is resisting calls to open a key subsidy to the troubled firm, according to people familiar with the matter. Des

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Fiat closes deal to take bulk of Chrysler’s assets

DETROIT – (AP) Italy’s Fiat is the new owner of most of Chrysler’s assets, closing a deal Wednesday that saves the troubled U.S.

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