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GMAC extends deadline for tender offers - BusinessWeek
GMAC Financial Services on Friday extended the withdrawal deadline and early delivery time for private exchange and cash tender offers that are part of its move to buy or swap $38 billion of debt in an effort to become a bank-holding company, the ...

Hong Kong Home Prices May Fall More as Banks Tighten Lending - Bloomberg
Dec. 5 (Bloomberg) -- Hong Kong home prices, already down almost a quarter from their five-year high in March, may drop further as banks tighten mortgage lending on concern rising unemployment may hurt buyers' ability to repay. ``There's a real lack ...

Auto Executives Face a Hard Sell on Capitol Hill - Gainesville Sun
WASHINGTON — The chief executives of America’s foundering automobile manufacturers returned to Capitol Hill on Thursday and found themselves confronting years of pent-up anger, the harsh politics of a recession and the realization that even their ...

Auto chiefs find Congress a hard sell on financial help - New London Day
From left, General Motors Chief Executive Officer Richard Wagoner, UAW President Ron Gettelfinger, Ford Chief Executive Officer Alan Mulally and Chrysler Chief Executive Officer Robert Nardelli testify Thursday on Capitol Hill before the Senate ...

Big Three survival bailout requests rise to $34B - Associated Press
WASHINGTON (AP) -- Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress with a retooled case for a bailout as large as $34 billion Tuesday, pledging to slash workers, car lines and executive pay in return for a ...

UAW leaders called to Detroit to consider ways to aid Big 3 loans - Detroit News
WASHINGTON -- As Detroit's Big Three are poised to present their business plans to Congress today justifying quick approval of $25 billion in emergency loans, the United Auto Workers has called an emergency meeting in Detroit on Wednesday during ...

Carmakers face bailout fatigue - Herald Tribune
WASHINGTON -- The chief executives of America's foundering automobile manufacturers returned to Capitol Hill on Thursday and found themselves confronting years of pent-up anger, the harsh politics of a recession and the realization that even their ...

Icahn sues friend over debt-swap plan - International Herald Tribune
NEW YORK : Carl Icahn, the onetime corporate raider, is taking a fellow billionaire to court over a leveraged buyout gone bad. Icahn's investment firm, High River, filed a lawsuit on Nov. 26 against a real estate company controlled by Leon Black, a ...

Icahn sues real estate company over debt - International Herald Tribune
Carl Icahn, the onetime corporate raider, is taking a fellow billionaire to court over a leveraged buyout gone bad. Icahn's investment firm, High River Limited Partnership, filed a lawsuit last Wednesday against a real estate company controlled by ...

UPI NewsTrack Business - United Press International
NEW YORK, Nov. 28 (UPI) -- U.S. markets were mixed in New York on what is expected to be a light trading day, due to an early afternoon closing to extend the holiday weekend. With many investors staying home on the day after Thanksgiving, the Dow ...