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Business Events Bankruptcy


  • Beware GM Equity Wednesday, 15 Jul 2009 | 9:55 AM ET

    I’ve noticed today that shares of GM, which have absolutely no value, are trading up 39% to well over $1 a share. The stock no longer trades on the NYSE, but still trades over the counter.

  • Cramer’s Latest Bull Market Monday, 13 Jul 2009 | 6:18 PM ET

    It’s a unique call, to say the least, but the numbers don’t lie.

  • Rival Bidder for GM's Opel Says Deal is Near Monday, 13 Jul 2009 | 9:27 AM ET

    General Motors’ plan to sell its European operations to a Canadian auto parts maker and a Russian bank appeared Monday to be in trouble, when another bidder said it was nearing a deal for the unit, the New York Times reported.

  • M&A is not dead, it has just moved from the boardroom to the bankruptcy court.

  • Stocks Log Fourth Straight Down Week Friday, 10 Jul 2009 | 8:07 PM ET

    Stocks racked up their fourth straight down week Friday as a Chevron profit warning exacerbated earnings worries. Techs got a boost from an upgrade on the hardware sector.

  • GM CEO Henderson Says New GM Must Succeed Friday, 10 Jul 2009 | 4:44 PM ET
    Fritz Henderson

    GM CEO Fritz Henderson told CNBC Friday that the new GM must succeed and he said that he believes that the company will do just that.

  • Chevron Drags on Dow; Techs Turn Mixed Friday, 10 Jul 2009 | 1:07 PM ET

    Stocks were mixed Friday as a Chevron profit warning exacerbated earnings worries but an upgrade on the hardware sector boosted tech stocks.

  • GM CFO Young: No Positive Cash Flow Until 2010 Friday, 10 Jul 2009 | 1:00 PM ET

    On the day GM emerged from bankruptcy, company CFO Ray Young told CNBC Friday that the new GM won't be seeing real cash flow until sometime in 2010.

  • A Muscle Car to the Rescue for General Motors Friday, 10 Jul 2009 | 11:04 AM ET
    2010 Chevy Camaro

    Amid the gloom of bankruptcy and a miserable market for new vehicles, G.M.’s  new Chevrolet Camaro muscle car is winning over consumers looking for a little excitement in a bland landscape of look-alike sedans and watered-down sport utilities.

  • Stocks Open Lower After Chevron Warning Friday, 10 Jul 2009 | 10:11 AM ET

    Stocks opened lower Friday as Chevron's earnings warning added to investors' worries about earnings and the economic recovery.

  • What's Behind This Morning's Weakness Friday, 10 Jul 2009 | 9:31 AM ET

    Just off the lows of the day, futures point to a slightly lower open on this last trading day of the week. The markets are on pace for their fourth straight week of declines – their longest losing streak since February/March.

  • Futures Lower; Chevron Adds to Market Gloom Friday, 10 Jul 2009 | 9:15 AM ET

    Futures pointed to a modestly lower open for Wall Street on Friday as Chevron's earnings warning added to investors' uncertainty on corporate earnings.

  • New GM Emerges in One of Worst Sales Slumps Ever Friday, 10 Jul 2009 | 8:49 AM ET
    GM auto dealership with sign.

    Once the world's largest and most powerful automaker, new GM is now cleansed of massive debt but faces a daunting task as car sales are in the worst slump in 25 years.

  • With Sale of Good Assets, GM Out of Bankruptcy Friday, 10 Jul 2009 | 8:19 AM ET
    GM logo, General Motors logo

    General Motors completed a major step in its turnaround and closed the sale of its good assets to a new, government-backed carmaker, at a speed unimagined by auto and bankruptcy experts.

  • Lenny Dykstra: 'Bank Fraud' Led to Bankruptcy Thursday, 9 Jul 2009 | 6:44 PM ET

    Lenny Dykstra sat down with CNBC at his $24 million hilltop estate behind the gates of Sherwood Country Club.

  • GM Road To Leave Bankruptcy Cleared by Judge Thursday, 9 Jul 2009 | 3:00 PM ET
    First page of the US bankruptcy filing for General Motors Corporation

    The path is now clear for General Motors to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market.

  • Lenny Dykstra - What Went Wrong? Thursday, 9 Jul 2009 | 11:41 AM ET
    Lenny Dykstra's $24 million mansion in Sherwood Country Club.

    I am at Lenny Dykstra's $24 million mansion in Sherwood Country Club, where I snapped some photos. Dykstra is here and preparing to be interviewed by me about his Chapter 11 bankruptcy filing this week, which stopped a planned foreclosure of his estate.

  • Judge Denies Motion to Fast-Track GM Sale Appeal Wednesday, 8 Jul 2009 | 10:27 AM ET
    First page of the US bankruptcy filing for General Motors Corporation

    The sale of most of General Motors' assets is moving closer to completion, after a bankruptcy judge denied motions by groups with asbestos and injury-related claims seeking to halt the sale and appeal directly to the 2nd Circuit Court of Appeals.

  • Automakers’ Swift Cases in Bankruptcy Shock Experts Tuesday, 7 Jul 2009 | 11:09 AM ET
    GM and Chrysler bankruptcy

    In fewer than 45 days each, General Motors and Chrysler swept through government-sponsored sales in bankruptcy court — quick tours that most people in the legal community thought impossible not long ago.

  • GM's Sale Plan Approved; Appeal Likely Over Ruling Monday, 6 Jul 2009 | 11:26 AM ET
    First page of the US bankruptcy filing for General Motors Corporation

    A bankruptcy judge has ruled that General Motors can sell the bulk of its assets to a new company, but it appears the ruling will be appealed by a Chicago law firm.