The Obama administration estimates that any GM bankruptcy would take at least 60 to 90 days and perhaps longer, a senior official said.
Last night debt-laden Toys R Us thrust itself into the high-end toy business by purchasing struggling toy chain FAO Schwarz. The two toy chains are surviving thanks in part to the financial backing of three prominent private equity firms.
Stocks ended higher Thursday as crude prices climbed after an inventory pare-down and the results of the Treasury bond auction eased concerns about government debt.
Peter Kenny, managing director at Knight Equities and Paul Hickey, co-founder of Bespoke Investment Group weighed in on the best places to invest now.
Yesterday, we ran a poll to see which company should replace GM in the Dow if it goes bankrupt. With over 5,000 votes cast, there are some interesting observations and comments that came in from our readers. Here's what they had to say.
Stocks rebounded on Thursday as crude prices climbed. The market had gotten off to a wobbly start, as investors juggled a bleak report on new-home sales with the unexpected drop in jobless claims and GM's deal with bondholders. Here's what the experts had to say...
Five-star fund manager Steven Romick of First Pacific Advisors criticized the level of government intervention in General Motors.
Energy shares pushed the Dow higher on Thursday with the price of crude oil jumping by $1. Is higher oil good for markets -- or bad?
Consumers may be saving more and spending less, but big pharma is on a shopping spree. And I'm not talking about the really big deals including Roche buying Genentech, Pfizer buying Wyeth and Merck buying Schering-Plough. I'm talking about the two deals that have been done in less than a week between major drug companies and baby biotechs specializing in oncology.
It's never a wise thing to predict a smooth bankruptcy. Especially when you you are dealing with a company as large, as complex, and as loaded down with debt as General Motors.
Stocks rebounded Thursday as crude prices climbed after inventories were pared more than expected. Stocks had gotten off to a wobbly start as investors juggled a bleak report on new-home sales with any optimism from the unexpected drop in jobless claims and GM's deal with bondholders.
A sharp jump in 10-year Treasury yields scared stock-market watchers, even as the auction of new 5-year notes was well received. And mortgage rates, especially the 30-year fixed rate, ticked higher. Art Cashin, UBS Financial Services director of floor operations, offered CNBC his market insights.
Chrysler is hurtling through the bankruptcy process and appears on track to emerge soon as a new company, just one month after its Chapter 11 filing. Then the hard part begins. The New York Times explains.
Stocks retreated Thursday, after a higher open, as bleak report on new-home sales overshadowed any optimism from the unexpected drop in jobless claims and GM's deal with bondholders.
Stocks opened higher Thursday after an unexpected drop in initial jobless claims.
Futures held onto gains Thursday after an unexpected drop in initial jobless claims. However, the gains were muted as Dow component P&G slashed its outlook.
Someone needs to protect retail investors from this all but worthless stock, the Mad Money host says.
So what does? Making money. Here is how you do it in this market.
The stock market is watching the bond market, wary a spike in interest rates will derail a fragile economic recovery and snuff the market's rally.
The Dow and S&P 500 fell on Wednesday as rising yields on U.S. government Treasuries sparked worries about increased borrowing costs.