Joseph Wayne

Bruce Springsteen extends "Dream" tour

noreply@blogger.com (Daryl Lorette) — Wed, 15 Jul 2009 06:49:00 +0000

LOS ANGELES (Billboard) – Bruce Springsteen and the E Street Band have added new U.S. concert dates to their Working on a Dream tour, which returns stateside in late August with three shows at the...

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VW sweetens bid for half of Porsche AG: report

noreply@blogger.com (Daryl Lorette) — Sun, 12 Jul 2009 05:39:00 +0000

FRANKFURT (Reuters) – Volkswagen has sweetened its bid to purchase almost half of sports car maker Porsche AG and is prepared to offer considerably more than 4 billion euros ($5.58 billion),...

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Ghana to deploy 10,000 police for Obama visit

noreply@blogger.com (Daryl Lorette) — Thu, 09 Jul 2009 03:38:00 +0000

ACCRA, Ghana (AP) — Authorities in Ghana say they will deploy more than 10,000 police in this West African nation to boost security for President Barack Obama's weekend visit. Assistant police...

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Fate of GM in hands of bankruptcy judge

noreply@blogger.com (Daryl Lorette) — Fri, 03 Jul 2009 05:11:00 +0000

NEW YORK (Reuters) – A federal bankruptcy judge will decide the immediate fate of General Motors Corp's (GMGMQ.PK) effort to quickly sell its best assets to a group funded by the U.S. government,...

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GM accepts product liability in bid to clear sale

noreply@blogger.com (Daryl Lorette) — Mon, 29 Jun 2009 04:20:00 +0000

DETROIT (Reuters) – General Motors Corp (GMGMQ.PK) has agreed to accept liability for future product defects as one of several concessions offered in a bid to win court approval for a quick sale from...

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Porsche fumes at VW, Lower Saxony "extortion"

noreply@blogger.com (Daryl Lorette) — Sun, 28 Jun 2009 06:06:00 +0000

FRANKFURT (Reuters) – Porsche (PSHG_p.DE) accused Volkswagen (VOWG.DE) and its key shareholder Lower Saxony of extortion following a magazine report that VW and the regional state had demanded...

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GM says bankruptcy sale delay would kill suppliers

noreply@blogger.com (Daryl Lorette) — Fri, 26 Jun 2009 06:14:00 +0000

DETROIT (Reuters) – General Motors Corp (GMGMQ.PK) needs to exit from bankruptcy quickly in order to avoid a "fatal" blow to many of its suppliers and the loss of thousands of jobs, Chief Executive...

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Ford and Nissan to tap factory retool loans: report

noreply@blogger.com (Daryl Lorette) — Tue, 23 Jun 2009 07:04:00 +0000

(Reuters) – The U.S. government plans to disclose that Ford Motor Co (F.N), Tesla Motors Inc and Nissan Motor Co (7201.T) will be among the beneficiaries of a $25 billion loan program created by...

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Toyota confirms new management under Akio Toyoda

noreply@blogger.com (Daryl Lorette) — Tue, 23 Jun 2009 07:02:00 +0000

TOYOTA CITY, Japan (Reuters) – Toyota Motor Corp confirmed Akio Toyoda as its new president on Tuesday, promoting the grandson of the company's founder to guide the world's No.1 automaker through the...

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Chinese firm to make electric cars

noreply@blogger.com (Daryl Lorette) — Mon, 22 Jun 2009 05:01:00 +0000

Chinese carmaker Dongfeng Motor Corporation is tying up with a Dutch-based company to develop and manufacture electric cars. Detroit Electric Holdings, a start-up company that owns the electric...

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Bailed-out banks' CEOs used jets for personal use: report

noreply@blogger.com (Daryl Lorette) — Fri, 19 Jun 2009 05:58:00 +0000

(Reuters) – Chief executives of some banks that received federal money, including Bank of America Corp, Morgan Stanley and Regions Financial Corp, used company jets for their personal use, the Wall...

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Administration calls for financial system overhaul

noreply@blogger.com (Daryl Lorette) — Tue, 16 Jun 2009 04:22:00 +0000

WASHINGTON (AP) — Aiming for greater limits and more clarity in the nation's financial system, the Obama administration on Monday proposed adding muscle to the Federal Reserve and new restrictions on...

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Fiat closes Chrysler deal

noreply@blogger.com (Daryl Lorette) — Thu, 11 Jun 2009 06:29:00 +0000

DETROIT/MILAN (Reuters) – Fiat SpA closed its acquisition of Chrysler's strongest assets on Wednesday, a key step in the Italian carmaker's ambitious plan to create a global player to ride out the...

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Chrysler poised to close sale, exit Chapter 11

noreply@blogger.com (Daryl Lorette) — Wed, 10 Jun 2009 07:35:00 +0000

NEW YORK – Chrysler was a step closer to emerging from bankruptcy protection Wednesday, a day after opponents of the automaker's planned partnership with Italy's Fiat exhausted their appeals in an...

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Fiat commits to Chrysler deal despite court delay

noreply@blogger.com (Daryl Lorette) — Tue, 09 Jun 2009 13:25:00 +0000

MILAN (AP) — Italian automaker Fiat said Tuesday it will not turn its back on a deal to acquire a controlling stake in Chrysler despite a U.S. Supreme Court stay on the sale. Under terms of the...

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Supreme Court asked to block Chrysler sale to Fiat

noreply@blogger.com (Daryl Lorette) — Sun, 07 Jun 2009 06:38:00 +0000

WASHINGTON – Opponents of Chrysler's sale to Fiat are asking the Supreme Court to block the deal. Three Indiana state pension and construction funds filed emergency papers at the high court early...

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GM reaches deal to sell Saturn to Penske

noreply@blogger.com (Daryl Lorette) — Sat, 06 Jun 2009 06:46:00 +0000

DETROIT (Reuters) – General Motors Corp has reached a preliminary agreement to sell its Saturn brand to Penske Automotive Group in a deal that could preserve more than 350 dealerships and 13,000...

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Ontario's credit outlook taking a GM-bailout hit

noreply@blogger.com (Daryl Lorette) — Sat, 06 Jun 2009 05:45:00 +0000

Ontario's credit rating is poised to slide as the $3.5 billion bailout of General Motors boosts the provincial deficit by 32 per cent to $18.5 billion this year. Citing concerns about the dive...

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U.S. auto sales drop, but rays of stability seen

noreply@blogger.com (Daryl Lorette) — Wed, 03 Jun 2009 05:40:00 +0000

CHICAGO/DETROIT (Reuters) – U.S. auto sales fell nearly 34 percent in May from a year earlier, but aggressive discounting helped steady results for the battered industry, according to monthly results...

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GM to file for bankruptcy, Chrysler sale cleared

noreply@blogger.com (Daryl Lorette) — Mon, 01 Jun 2009 06:20:00 +0000

DETROIT/WASHINGTON (Reuters) – General Motors Corp will file for bankruptcy later on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might...

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GM bondholder deadline passes as bankruptcy looms

noreply@blogger.com (Daryl Lorette) — Sun, 31 May 2009 06:20:00 +0000

DETROIT (Reuters) – General Motors Corp finished a key piece of business on Saturday before a bankruptcy filing planned for Monday as the deadline expired for bondholders to accept an exchange offer...

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Economic optimism may trump GM bankruptcy

noreply@blogger.com (Daryl Lorette) — Sat, 30 May 2009 05:54:00 +0000

NEW YORK (Reuters) – Wall Street faces a historic shake-up next week as General Motors, a pillar of American industry, heads into bankruptcy, but the market could advance further if economic data...

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Chrysler heads back to bankruptcy court Friday

noreply@blogger.com (Daryl Lorette) — Fri, 29 May 2009 06:31:00 +0000

NEW YORK – It will take one more day for a judge to determine whether it's in the best interests of Chrysler and its stakeholders to sell most of the company to Italy's Fiat Group SpA. Robert...

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GM bankruptcy near as bond swap fails, no Opel deal

noreply@blogger.com (Daryl Lorette) — Thu, 28 May 2009 05:15:00 +0000

DETROIT/BERLIN (Reuters) – General Motors Corp moved closer to filing the largest bankruptcy ever for a U.S. industrial company after a crucial bond exchange proposal failed, while the fate of GM's...

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GM bankruptcy nears as bondholders shun tender offer

noreply@blogger.com (Daryl Lorette) — Wed, 27 May 2009 05:21:00 +0000

DETROIT/NEW YORK (Reuters) – General Motors Corp has failed to persuade enough bondholders to accept a debt-for-equity swap, setting the stage for the largest-ever U.S. industrial bankruptcy within...

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