July 2- Rare earths miner Molycorp Inc said it received U.S. bankruptcy court approval for interim financing of $22 million to support its operations. The court has approved the $22 million financing only on an interim basis, and has scheduled a final hearing on the debtor-in-possession financing for July 20, 2015, Molycorp said on Thursday.» Read More
The government has taken advantage of the economic crisis to get a tighter grip on the US economy, and this does not bode well for business, Jack Welch, former GE CEO and author of "Straight from the Gut," told CNBC Friday.
A bankruptcy judge on Tuesday ruled that GMAC Financial Services can become Chrysler's preferred lender, potentially sending a slew of new business to the financing company and ensuring that Chrysler's dealers will have access to the loans they need to stay in business.
Not so! Here are the debts you will still be required to pay even if you file for bankruptcy.
For months we've all heard the warnings. If GM and Chrysler go bankrupt it will trigger a host of other bankruptcies from suppliers to dealers.
The group of dissident Chrysler bond holders challenging Chrysler's government-backed restructuring plans, said Friday that it is dropping its court fight.
Published reports that Cerberus Capital Management is leading the charge for more governments funds to bail out GMAC are completely wrong, a source tells CNBC.
As the bankruptcy hearings about creating a new Chrysler pick up steam in New York, it's becoming crystal clear how quickly the Federal Government wants to re-structure the ailing auto maker.
It’s a whole new world out there when it comes to buying a car. But there are still certain things you shouldn’t do before you drive off the lot.
NOT SEEN ON T.V.: There are three common methods of eliminating debt that you should avoid.
The economy is turning up, and stocks are on the rise. You wouldn’t know it, though, if you watched the news.
Stocks eked out a gain after a rocky session Friday as investors weighed some encouraging economic reports against gloomy earnings.
Stocks had a wobbly start to the morning Friday as investors weighed some encouraging economic reports against gloomy earnings.
Stocks pared their losses Friday after economic reports showed consumer confidence soared to its highest level since before the fall downturn began and that manufacturing is showing signs of improvement.
A handful of other financiers are being blamed for precipitating the bankruptcy of an American icon. As Chrysler’s fate hung in the balance Wednesday night, this group refused to bend to the Obama administration and accept steep losses on their investments while more junior investors, including the United Automobile Workers union, were offered favorable terms.
Futures indicated a slightly higher open for U.S. stocks Friday as investors shrugged off Chrysler's bankruptcy announcement and decided to go against the 'sell in May and go away' mantra after April's successful performance.
Plus, Cramer makes the call on the insurance, chemicals and natural gas sectors.
Sen. Richard Durbin (D-Ill.) has managed to get a vote scheduled for his controversial plan to help homeowners avoid foreclosure, but the bill's chances of approval are slim.
Senate Majority Whip Richard Durbin (D-Illinois) Thursday will take so-called bankruptcy cramdown legislation to the floor, seeking a vote on the controversial proposal, say Congressional and industry sources.
GM and Chrysler dealers have both hired lawyers to represent them in bankruptcy proceedings, CNBC has learned.
As the global economic slowdown digs its heels in and consumers tighten their belts and fret about jobs, the Alternative Arts organization hosted its annual Alternative Fashion Week in Spitalfields market, London, a platform for young, new designers.