Lead Director Pins G.M.’s Hopes on Federal Rescue (New York Times)
The lead outside director at the General Motors Corporation said Wednesday that bankruptcy was not a “viable approach” to saving the troubled auto giant, and pinned G.M.’s hopes for survival on getting $18 billion in aid from the federal government, The New York Times’s Bill Vlasic reports from Washington.
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Uncertain future for auto industry children (CNN)
Amanda Emery, a junior at the University of Michigan-Flint, was born and raised in a General Motors family.
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Lead Director Pins G.M.?s Hopes on Federal Rescue (New York Times)
G.M.?s outside director says board is behind the chief executive and does not consider bankruptcy an option.
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QUINN-Insurance Goes Live With FINEOS Claims(R) (CNW Group via Yahoo! Finance)
FINEOS Corporation, a global provider of innovative enterprise software solutions for insurance, bancassurance, and government, announced today that QUINN-Insurance, the second largest property & casualty insurer in Ireland, has gone live with its FINEOS Claims solution.
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Ford says it may sell Volvo division (CBC)
Ford Motor Company is considering selling Volvo Car Corporation to raise badly needed cash in the face of declining sales and an increasingly gloomy global economic outlook.
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Botswana: Four Batswana Fugitives On Interpol List (AllAfrica.com)
Four Batswana make up 15,000 people wanted internationally for various crimes. Among them is the former deputy general manager of the Botswana Housing Corporation (BHC), Gaolekwe Rabana, who is wanted on charges of corruption and abuse of office.
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Six in 10 oppose auto bailout, poll shows (CNN)
A national poll suggests that six in 10 Americans oppose using taxpayer money to help the ailing major U.S. auto companies.
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Stocks Up Tuesday (13WHAM Rochester)
New York, N.Y. - (AP) - Encouraging news from Ford and General Electric calmed the market one day after a massive decline as Buyers returned to Wall Street Tuesday, sending...
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Tenneco Still Under Big 3 Shadow (Zacks.com via Yahoo! Finance)
Elevated commodity costs, oil prices, and sizable production cuts at GM and Ford lead us to rate the stock a Hold.
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Agency concerned about Detroit 3 buyout costs (Detroit Free Press)
The federal corporation that insures retirement plans sent letters this week to General Motors Corp., Ford Motor Co. and Chrysler LLC, raising concerns about using pension funds to buy out employees.
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