General Motors went to bankruptcy court to begin the process of selling its best assets to a government-backed company that would become the linchpin of its turnaround plan.
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Tagged bankruptcies, counted-as-medically, medically-insured, obama, barack, people-counted, policies-leave, united states economyNEW YORK (Reuters) – General Motors Corp’s chief executive told a U.S. bankruptcy court on Tuesday that the sale of GM’s main assets to government-backed “New GM” must win court approval in order for the automaker to survive.
Tagged automaker, Bankruptcy, bankruptcy-court, businessnews, chief-executive, court-approval, court-on-tuesday, general-motors, main-assets, must-win, sale, the-automaker, tuesday, yorkReuters – General Motors Corp’s chief executive told a U.S. bankruptcy court on Tuesday that the sale of GM’s main assets to government-backed “New GM” must win court approval in order for the automaker to survive.
Tagged Bankruptcy, bankruptcy-court, burt, Business, court-approval, court-on-tuesday, denver, denver-june, general-motors, main-assets, sale, the-automaker, tuesdayGeneral Motors went to bankruptcy court to begin the process of selling its best assets to a government-backed company that would become the linchpin of its turnaround plan.
Tagged bankruptcies, Bankruptcy, bankruptcy-court, become-the-linchpin, best-assets, general-motors, linchpin, motors, process, selling-its, subprime mortgage crisis, the-linchpinAP – Michael Vick’s revised bankruptcy plan would funnel more of his future pay to his creditors and ensure that they receive a portion of his earnings even if the suspended NFL star doesn’t return to the league.
Tagged Bankruptcy, creditors, earnings, funnel-more, future, his-creditors, his-earnings, his-future, league, michael-vick, nfl, revised-bankruptcy, sports, star-doesn, the-suspendedTroubled automaker General Motors was set Tuesday to press a bankruptcy judge to approve its plan to leave its debt behind as it sells its preferred assets to a “new GM.”
Tagged approve-its, Bankruptcy, bankruptcy-judge, debt-behind, general-motors, leave-its, preferred-assets, sells-its, tuesdayNEW YORK (Reuters) – A U.S. bankruptcy court judge opened a hearing on Tuesday morning on government-backed plans by General Motors Corp to seek approval to sell its main assets to a “New GM.”
Tagged Bankruptcy, bankruptcy-court, general-motors, hearing-on-tuesday, judge-opened, main-assets, morning-on-government, seek-approval, sell-its, topnews, tuesday, yorkNEW YORK – (AP) General Motors Corp., hoping for a quick exit from Chapter 11, on Tuesday will ask a bankruptcy judge to approve its plan to refashion itself as a leaner automaker owned mostly by the government. The nation’s largest automaker still faces hundreds of objections from bondholders, state officials, unions a
Tagged approve-its, Bankruptcy, chapter, government, largest-automaker, leaner-automaker, owned-mostly, quick-exit, state-officials, still-faces, tuesday, will-ask, york