Category Archives: Remove

900 auto dealers file to appeal shutdown

By doris | Published: January 24, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — About 900 General Motors and Chrysler dealerships that got the ax as the Detroit giants went through bankruptcy have filed notice that they will appeal their shutdown, according to the American Arbitration Association. The nearly 3,000 dealerships the auto manufacturers scrapped have until Monday to file with [...]

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Bank failure tally reaches 140

By doris | Published: December 19, 2009

Full Story money.cnn.com Unlike the majority of banks closed this year, IBB did not take deposits from, or make loans to consumers. Instead, it offered a variety of services such as check clearing and credit card operations to community banks around the country that find it too costly to do this on their own. The [...]

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Steven Rattner: Why we had to get rid of GM’s CEO

By doris | Published: October 21, 2009

Full Story at money.cnn.com (Fortune) — Without any experience in automaking or government, Steven Rattner left his Wall Street perch to wade into the largest restructuring in American history. The scale and speed of the rescue raised many questions, inspiring Rattner to write this account of a defining moment in capitalism. Rattner, who led the [...]

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‘Chrysler made a big mistake’ – one dealer’s story

By doris | Published: July 21, 2009

Full Story at money.cnn.com CNNMoney.com) — After filing for bankruptcy, Chrysler in May notified almost 800 dealers around the U.S. that they would lose their franchise licenses and be kicked out of the restructured automaker’s dealer network. Steve Biegler, who runs the dealership his grandfather started, was one of those targeted. Last week, Chrysler sent [...]

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Interior to halt uranium mining at Grand Canyon

By doris | Published: July 20, 2009

Full Story atNews.yahoo.com WASHINGTON – Interior Secretary Ken Salazar will announce Monday that his department is temporarily barring the filing of new uranium mining claims on about 1 million acres near the Grand Canyon, an Obama administration official said. The land is being “segregated” for two years so that the department can study whether it [...]

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‘Goodbye and good riddance’ AIG directors!

By doris | Published: July 1, 2009

Full Story At money.cnn.com NEW YORK (CNNMoney.com) — AIG shareholders, a.k.a. U.S. taxpayers, ousted the majority of the company’s leadership at AIG’s annual shareholders meeting Tuesday, removing the overseers of one of the biggest corporate unravelings in American history. Just three of the 11 directors that oversaw the company’s downward spiral in September remained on [...]

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