| M.Stanley to complete $6 bln property fund-sources ) is close to raising $6 billion for a new global property fund, falling short of its earlier target of $10 billion, sources with direct knowledge of the plan said. The Morgan Stan ...[more] |
| Obama backs consumer incentives to boost auto sales "We must also recognize that the difficulties facing this industry are due in no small part to the weakness in our economy," Obama said in announcing several steps to invigorate sales that a ...[more] |
| US said to lean toward use of bankruptcy for autos While most would prefer a restructuring of General Motors Corp GM.N and Chrysler [CBS.UL] outside bankruptcy, bankruptcy may be necessary to reach agreements with key stakeholders, said the ...[more] |
| Canada bails out carmakers, says they could fail Industry Minister Tony Clement said the plans set out by GM Canada and Chrysler thus far fall short of making them viable and called for further concessions all around. "The old rule ...[more] |
| Canada's Flaherty urges union to talk to auto cos Hours earlier, CAW head Ken Lewenza said he had no plan to reopen a cost-cutting agreement with General Motors Canada GM.N. "I encourage the union leadership very seriously to go ba ...[more] |
| UPDATE 2-Fifth Third sells most of payments unit to Advent * Fifth Third to hold 49 pct stake * Fifth Third shares rise (Recasts; adds dateline NEW YORK, CEO and analysts comments) NEW YORK, March 30 (Reuters) - Fifth Third Bancor ...[more] |
| CAW has seen no Chrysler Canada plans to make Fiats The Canadian government said on Monday it has endorsed plans arrived at jointly with the United States under which Chrysler would have until the end of April to come up with a restructuring ...[more] |
| UPDATE 1-Canada eyes broadening auto supplier insurance "What we're going to do is look at the U.S. plan and see how it's covering noncreditworthy suppliers and to see whether it's appropriate to extend our plan in that direction," a senior gover ...[more] |
| No reason to go back to table with GM, CAW says CAW President Ken Lewenza was responding to remarks made by Canadian Industry Minister Tony Clement earlier on Monday in which Clement signaled that he does not think that a cost-cutting dea ...[more] |
| BRIEF-Fiat CEO statement on Chrysler alliance ) Chief Executive Sergio Marchionne statement issued on Monday:
* Thanks U.S. President Barack Obama for his encouragement for Fiat and Chrysler <CBS.UL) to finalise ...[more] |
| Canada says Chrysler/GM asked for up to C$11.5 bln The officials were briefing reporters as they disclosed plans to lend C$4 billion in bridge financing to the Canadian branches of General Motors and Chrysler -- C$3 billion to GM and C$1 bil ...[more] |
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