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Updates from May, 2009

  • May 30: The U.S. government hopes GM will become a publicly traded company again within eighteen months as General Motors braces for bankruptcy. NBC's John Yang reports. (MSNBC)General Motors’ bondholders agreed Saturday to exchange their debt for an ownership stake in the ailing carmaker, clearing the final obstacle to an orderly bankruptcy.


    Popularity: unranked [?]

    3:05 am on May 31, 2009
     

  • General Motors will file for bankruptcy protection before financial markets open Monday morning, sources with direct knowledge of the preparations said today. The filing will be made in U.S.

    Popularity: unranked [?]

    3:05 am on May 31, 2009
     

  • General Motors and the U.S. government finalized plans on Sunday for the automaker to reorganize, as a majority of debtholders helped clear the way to a massive bankruptcy filing Monday.

    Popularity: unranked [?]

    3:05 am on May 31, 2009
     

  • General Motors and the U.S. government finalized plans on Sunday for the automaker to reorganize, as a majority of debtholders helped clear the way to a massive bankruptcy filing Monday.

    Popularity: unranked [?]

    3:05 am on May 31, 2009
     

  • A majority of General Motors bondholders have agreed to a debt-for-equity exchange, smoothing the way to a bankruptcy filing expected on Monday, a source familiar with the voting said today.

    Popularity: unranked [?]

    3:05 am on May 31, 2009
     

  • General Motors finished a key piece of business on Saturday before a bankruptcy filing planned for Monday as the deadline expired for bondholders to accept an exchange offer brokered by the Obama administration.

    Popularity: unranked [?]

    3:05 am on May 31, 2009
     

  • GM sold dreams to drivers of all ages. For many Americans, the first Cadillac was a hallmark of success, and the brand became the metaphor for top-quality goods.The GM that helped move the world from horses to Chevys and Cadillacs is expected to file for bankruptcy protection Monday and will likely emerge a shadow of its former self.


    Popularity: unranked [?]

    3:05 am on May 31, 2009
     

  • Cars are lined up for sale at a GM dealership in Los Gatos, Calif. General Motors Corp. has cleared a couple of key roadblocks on the ailing automaker’s route to an almost certain bankruptcy filing Monday.


    Popularity: unranked [?]

    3:05 am on May 31, 2009
     

  • General Motors today finished a key piece of business before a bankruptcy filing planned for Monday as the deadline for bondholders to accept an exchange offer brokered by the Obama administration expired.

    Popularity: unranked [?]

    3:05 am on May 31, 2009
     

  • General Motors will find out today 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 Monday.

    Popularity: unranked [?]

    3:05 am on May 31, 2009
     

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