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Tag: finance
2009-01-02 09:36:31| Dice.com - Project Manager Jobs
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2008-12-30 19:44:40| The Economic Times
Shares of small-ticket finance and leasing companies have been trading high over the past one week on hopes of wide profit margins, thanks to expanding spreads between low borrowing costs and high lending rates.
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well
companies
finance
leasing
2008-12-30 10:30:50| Guardian Unlimited Business - more business news
The US government has expanded its bail-out of the US car industry by pledging $6bn (4.1bn) in support of General Motors's finance arm.Last night the Bush administration announced it was pumping $5bn into GM's finance arm GMAC and lending a further $1bn to GM to help it buy shares in GMAC, which is considered key to the carmaker's survival. The credit crunch has sharply limited GMAC's ability to provide financing for car buyers at GM dealerships or other kinds of funding.The new measures come on top of a $17.4bn lifeline handed to GM and Chrysler earlier this month. The former industrial giants were on the brink of collapse that would have caused hundreds of thousands of job losses. Of the total, $13.4bn in short-term loans was earmarked for GM.President Bush said at the time that it would be irresponsible to allow the carmakers to collapse, but warned that they would be forced into bankruptcy by the end of March if they did not come up with viable restructuring plans. The carmakers have been hit hard by the global economic downturn, with car sales plunging to 25-year lows.The lifeline from the White House came after Republicans in the Democrat-controlled Congress blocked a deal to provide emergency funding.GMAC, which is owned by GM and private equity firm Cerberus, has lost nearly $8bn over the last five quarters as the credit crunch sharply increased the cost of borrowing and the value of many of its assets plummeted. It won approval from the US Federal Reserve last week to become a bank holding company, a move designed to give it easier access to government funds.The US Treasury said it was dipping into a $700bn bailout fund approved by Congress in early October to buy the equity in GMAC and extend the loan to GM. In return, GMAC agreed to restrictions on dividend payouts and executive pay. The bonus pool shared by the top 25 executives was slashed by 40% from 2007 levels.Automotive industryUS economyUnited StatesGeneral Motorsguardian.co.uk © Guardian News & Media Limited 2008 | Use of this content is subject to our Terms & Conditions | More Feeds
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auto
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2008-12-27 22:11:00| Telegraph Business
This Christmas has been an unusual one in the Square Mile
2008-12-25 08:04:59| Accounting - Topix.net
The Serious Fraud Office has today confirmed it is investigating finance company Nathans Finance, which went into receivership in August 2007.
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finance
investigates
sfo
nathans
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