The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business.
The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business.
The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business.
May 1- U.S. green car startup Coda Holdings Inc filed for Chapter 11 bankruptcy protection on Wednesday after selling just 100 of its all-electric sedans, another example of battery-powered vehicles' failure to break into the mass market.
NEW YORK, April 4- Goldman Sachs Group Inc said on Thursday that Stephen Friedman, who once headed the bank when it was a private partnership, will retire from its board of directors because he has reached the company's age limit.
*Lehman suing JPMorgan in $8.6 billion case. NEW YORK, Feb 28- The former JPMorgan Chase& Co trader known as the "London Whale" was not responsible for Lehman Brothers Holdings Inc's bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan said.
*Lehman suing JPMorgan in $8.6 billion case. NEW YORK, Feb 28- The former JPMorgan Chase& Co trader known as the "London Whale" was not responsible for Lehman Brothers Holdings Inc's bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan said.
The threat of across-the-board government spending cuts and tax increases- about $600 billion worth- was intended to shock the Democratic-led White House and Senate and the Republican-led House into moving past their many differences to approve a plan that would bring tax relief to most Americans and curb runaway federal spending.
The U.S. House of Representatives' rejection of a bill to raise taxes on just 0.18 percent of Americans- those making more than $1 million a year- has raised questions about the Republican-led chamber's ability to approve any plan to avert the looming "fiscal cliff."
The U.S. House of Representatives' rejection of a bill to raise taxes on just 0.18 percent of Americans- those making more than $1 million a year- has raised questions about the Republican-led chamber's ability to approve any plan to avert the looming "fiscal cliff."