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GM to repay $6.7 billion federal loan by June : Astra Finanz Inc.
13 hours ago ago from Astra Finanz Inc.
Astra Finanz Inc. GM to repay $6.7 billion federal loan by June Posted on December 22, 2009 (12-16) 04:00 PST Detroit General Motors Co. plans to pay everything of its $6.7 billion in government loans by the expiration of June, Chairman and CEO Ed Whitacre Jr. said Tuesday. Images View Larger Image Get Quote Symbol Lookup More Business CarMax posts 3Q advancement on stronger sales ...
Related contentGM delivers early on loan payments
18 hours ago ago from The Scoop
General Motors Co. made its first payments Friday on nearly $7.1 billion in outstanding loans from the U.S. and Canadian governments, The Detroit News reported. GM paid $1 billion to the U.S. Treasury, using unspent taxpayer loan money; $192 million went to the Canadian national and Ontario provincial governments, the paper said. The Treasury Department hasn't determined whether GM will be free of government oversight once its $6.7 ...
Related contentMicrosoft's CFO is headed for GM
16 hours ago ago from BloggingStocks
General Motors said Monday it has tapped Christopher P. Liddell , chief financial officer of Microsoft Corporation ( MSFT ), to take over its troubled finance operations. Liddell, 51, will be GM's first permanent top management hire from outside the company since it left bankruptcy protection in July. Liddell joined Microsoft in 2005, and led the company's efforts this year to cut $3 billion in costs in light of the economic meltdown. ...
Related contentGM Taps Microsoft Executive for CFO
21 hours ago ago from Savvy Investor
By JOHN D. STOLL And JOANN S. LUBLIN General Motors Co. will appoint Microsoft Corp. Chris Liddell as its new chief financial officer and vice chairman on Monday, according to people familiar with the matter. GM's widely expected appointment of a new CFO is the latest wrinkle in an executive shake-up that has been taking place over the month of December. Mr. Liddell joins GM following a four-year stint as Microsoft's CFO. His ...
Related contentChristopher Liddell is New CFO: Can he Change the Fortune of GM?
17 hours ago ago from Hobby Economist
In 2009, General Motors became bankrupt and thanks to generous support from US government, the company did not go out of existence. 2010 has to be the year of turning around for the company and it seems that GM bosses think that the solution should come from out of the auto industry. So, they looked towards Microsoft and have recruited Christopher Liddell. From January 1 2010 , he will start working for GM. Let us see if he can use his ...
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Chris Liddell named GM CFO
20 hours ago ago from CNN Money
Chris Liddell named GM CFO By Chris Isidore, CNNMoney.com senior writer December 21, 2009: 12:42 PM ET NEW YORK (CNNMoney.com) -- General Motors, the insular automaker with a tradition of appointing only company veterans to most of its top executive ranks, found a new chief financial officer from outside the auto industry altogether. Chris Liddell, who is the outgoing CFO at Microsoft ( MSFT , Fortune 500 ), will join GM in the new ...
Related contentGM Taps Microsoft CFO To Run Finances : NPR
18 hours ago ago from NPR
Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast GM Taps Microsoft CFO To Run Finances by The Associated Press Enlarge Associated Press FILE - In this Oct. 22, 2009 file photo, Chris Liddell, CFO of Microsoft ...
Related contentTLC Vision files for Chapter 11 protection
20 hours ago ago from U.S. News
TLC Vision files for Chapter 11 protection MISSISSAUGA, Canada (AP) -- TLC Vision Corp., a Canadian eye care services company, said Monday it has filed for Chapter 11 protection in a U.S. court and has a rough draft of a reorganization plan worked out with senior creditors. The plan calls for certain creditors to be given all the equity of the reorganized company in exchange for debt. TLC would emerge as a private company. TLC runs ...
Related contentChinese Company Decides Not to Buy U.S. Gold Mine
19 hours ago ago from The New York Times
WASHINGTON A company controlled by the Chinese government has notified the Obama administration that it is withdrawing its application to buy a Nevada gold mining company to avoid a conflict after federal officials raised serious, significant and consequential national security concerns. The decision by Northwest Nonferrous International Investment Company, at least for now, eliminates a showdown over the tiny company, the Firstgold ...
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