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Tag Archives: Chapter 11 Bankruptcy

Overnight Market News – May 28, 2009

28-May-09

OPEC Leaves Oil Output Unchanged After Meeting, Sees Target of USD 75.00 to USD 80.00 per Barrel by Year’s End Auto Parts Makers Visteon Corp and Metaldyne Corp File for Chapter 11 Bankruptcy on US Operations as Auto Industry Crisis Persists Costco Wholesale Corp Third Quarter Profit Dips 30% to USD 209.6mm on Weak Consumer [...]

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General Motors Stock Plummets Over 21%

13-May-09

It is no surprise that investors of General Motors Corp. are worried. However, shareholders were frantic yesterday as they got hold of news that six executives (including former Vice Chairman and Product Chief – Bob Lutz) at the company had sold almost US$ 315K in stock, as well as liquidated their outstanding direct holdings in [...]

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