GM bondholders reject offer
Source says few GM bondholders were interested in a proposal to swap debt for stock – virtually guaranteeing a bankruptcy filing in the next few days.
CORRECT:UPDATE:US Stks Up; Consumer Confidence Spurs Broad Gains
(”UPDATE: US Stocks Up As Consumer Confidence Spurs Broad Gains” published at 5:18 pm EDT misspelled Regions Financial’s name in the last paragraph.
OIL FUTURES: Crude Hits 6-Mo High On Econ Optimism, Dollar
By Lananh Nguyen LONDON (Dow Jones)–Crude oil futures rose to fresh six-month highs Wednesday in London as economic optimism and a lower dollar encouraged buyers.
Chrysler submits $448 million electric car plan
DETROIT (Reuters) – US automaker Chrysler LLC said on Tuesday it submitted proposals totaling $448 million to the US Department of Energy to research and develop electric vehicles and plug-in hybrid models.
Borders PostsWider Loss on Charges, Sliding Sales and Sluggish Inventory
By JEFFREY A. TRACHTENBERG Borders Group Inc. reported a wider quarterly loss on a 12% decline in revenue, the latest indicator of how the recession is roiling the book industry.
HP says executive from EMC cleared to start work
SAN FRANCISCO (Reuters) – Hewlett-Packard Co (HPQ.N) said on Tuesday a Massachusetts court has cleared a top executive who was lured away from rival EMC Corp (EMC.
Santander Settles With Madoff, Trustee
Banco Santander has settled with the trustee trying to unwind Bernard L. Madoff’s massive Ponzi scheme. The bank will pay $235 million to resolve potential legal claims over withdrawals a hedge-fund subsidiary, Optimal Investment Services, …
WORLD FOREX: North Korea Threat Hits Yen, Dollar Mixed
By Nicholas Hastings Of DOW JONES NEWSWIRES LONDON (Dow Jones)–North Korea’s threat to launch a military strike on the south is leaving the dollar mixed but the yen lower in Europe Wednesday.
Shell Unveils Major Restructuring
By JAMES HERRON LONDON — Royal Dutch Shell PLC said Wednesday it will launch a major company restructuring, merging its exploration-and-production, gas-and-power and oil-sands units into two new divisions, as new Chief Executive Peter Voser puts his …
Twitter Co-Founders Kick off ‘D Conference’
Former record producer David Geffen apparently seeks an opportunity, reports CNBC’s Julia Boorstin, with Mort Zuckerman,… The “D: All things Digital” conference was buzzing with interest in mobile applications, social media, digital distribution and …