DETROIT (Reuters) - Investors representing about 54 percent of General Motors Corp’s $27.2 billion of bonds indicated support for a U.S. Treasury-brokered swap that could help speed the automaker’s way through bankruptcy.
DETROIT (Reuters) - General Motors Corp will find out on Saturday if investors holding $27 billion in the automaker’s bonds will accept an exchange offer as it races to tie up loose ends before a bankruptcy filing next week.
SINGAPORE (Reuters) - U.S. Defense Secretary Robert Gates said on Saturday that the United States would not accept a nuclear-armed North Korea and sternly warned it against transferring any nuclear material.
FRANKFURT/BERLIN (Reuters) - Canadian auto parts group Magna has reached a preliminary deal with General Motors Corp to invest in Opel, boosting hopes for a deal with the U.S. and German governments to save the carmaker.
YEONPYEONG, South Korea (Reuters) - North Korea test-fired another short-range missile off its east coast on Friday and said it would take more “self-defense measures” if the U.N. Security Council punished it for this week’s nuclear test.
DETROIT/BERLIN (Reuters) - General Motors Corp persuaded its major bondholders to accept a sweetened ownership plan on Thursday, a deal that could result in a smoother ride for the carmaker through bankruptcy.
DETROIT (Reuters) - General Motors Corp said on Thursday it had reached a deal with major bondholders that would give them a bigger stake in a reorganized and effectively nationalized automaker and could pave the way for a fast-track bankruptcy by GM within days.
SEOUL (Reuters) - South Korea and the United States raised the military alert level for the peninsula on Thursday after the communist North warned the truce ending the Korean War was dead and it was ready to attack.
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 European brand Opel remained uncertain after marathon talks with German officials ended without a deal.
DETROIT/BERLIN (Reuters) - General Motors Corp moved closer to filing the largest U.S. industrial bankruptcy after a crucial bond exchange proposal failed and as officials in Germany neared a decision on which company would take over GM’s European brand, Opel.