GMAC gives up some GM financing rights via bailout NEW YORK (Reuters) – GMAC LLC on Friday said that as part of its $6 billion federal bailout and...
GMAC loses exclusive GM car-financing rights DETROIT GMAC will no longer have exclusive rights to provide low-interest loans to people who buy General Motors Corp....
Government to get 5 million preferred GMAC shares The federal government will get 5 million preferred shares of GMAC paying 8% interest in exchange for its $5...
GMAC swaps $21bn debt NEW YORK: GMAC, the General Motors Corporation financing affiliate that received a $6 billion capital infusion from the government,...
With needed cash, GMAC will ease lending restrictions After an injection from the Treasury Department, GMAC said it would offer financing to a wider range of buyers.
Wall Street rallies, bolstered by aid to GMAC Wall Street staged a big advance in the next to last session of 2008 Tuesday after Washington’s latest lifeline...
Ecuador to cut private output to comply with OPEC QUITO (Reuters) – Ecuador will lower oil output from some private companies to comply with OPEC’s biggest supply cut...
Eight Predictions for 2009 By Steve Conn First Prediction, Bernie Madoff will not, I repeat, will not be named Treasury Secretary by President...
Ma warns of rivalry with China (ChinaPost.com.tw) – President Ma Ying-jeou said yesterday that both sides of the Taiwan Straits have come to know that...
‘No clear winner’ in Kashmir poll Election officials in Indian-administered Kashmir say no single party will win a majority in state assembly elections.
We have a duty to make Kenya better This will be remembered by all as the year that led to the deaths of thousands, and the displacement...
1/4 of Woolies are closed A QUARTER of the doomed high street giant Woolworths’ stores closed yesterday. Administrators Deloitte have planned to close around...
Barak: Gov’t to approve call up of thousands of reservists The government is expected to approve the issue of thousands of reserve call-up orders ahead of a possible expansion...
SA matrics wait anxiously While matrics are focusing their hopes, when they will get their results, educationists are taking a longer view.
Zimbabwe to prosecute 140 white farmers ZIMBABWE will prosecute 140 white landowners on charges of failing to vacate their farms under the country’s controversial 2000...
High street sales: If you thought the Christmas price cuts were good… It was the nightmare before Christmas: “mega days”; “spectaculars” and up to 50 per cent off. This year desperate...
1/4 of Woolies closed today A QUARTER of the doomed high street giant Woolworths’ stores will close today. Administrators Deloitte have planned to close...
U.S. urges India, Pakistan to avoid raising tension The United States on Friday urged both India and Pakistan to exercise restraint from taking unnecessary actions that will...