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Bankruptcy News

GM still not identifying which dealers get new lifeThursday, March 18, 2010 @ 6:20AMLOS ANGELES TIMES LOS ANGELES - Despite weeks of anticipation since General Motors Co. announced it would keep hundreds of dealers targeted for closing, it is still not clear which will be granted a reprieve. The automaker is deep in negotiations with some dealers but is not talking to others, according to attorneys and auto-industry executives familiar with the talks. Details have been ...

China chides U.S. on rights recordThursday, March 18, 2010 @ 6:10AMThe Chinese government responded March 12 to the release of a U.S. human rights report critical of China by issuing its own report criticizing the U.S. human rights record. The report covered issues relating to crime, racial discrimination and poverty and accused the U.S. of using its hegemonic power to continue “trampling” on the sovereignty of other countries while “posing as the world judge ...

Profitable GM is possible this year, new CFO saysThursday, March 18, 2010 @ 6:09AMIf the economy co-operates and auto sales recover a bit, General Motors Co. has a reasonable chance of turning a full-year profit in 2010, its new chief financial officer said Wednesday.

Movie rental choices to dwindleThursday, March 18, 2010 @ 6:07AMFor Fort Payne residents looking to rent DVDs, it will soon be the town’s two automated Redbox kiosks or nothing at all. Tina Sims, manager of Fort Payne’s Movie Gallery, said the store would close permanently within the next few months.

Sean Combs - P Diddy To Buy PalaceThursday, March 18, 2010 @ 6:03AMP. Diddy is planning to buy a British soccer team.The multi-millionaire rapper is reportedly making moves to invest in struggling London club Crystal Palace - which...