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Global stock markets rose Tuesday amid signs of easing tensions on the Korean peninsula but the euro dropped after Portugal became the latest European country to be warned of a possible credit rating downgrade. British shares was up 45.55 points, or
The trustee handling Denny Hecker's bankruptcy case got an early Christmas present Monday as the tony Lafayette Country Club agreed to return the nearly $4,000 it received from Hecker last summer. Hecker is accused of illegally siphoning those and
Several big banks are in talks to buy a stake in Chrysler Financial, the automaker's old lending arm, a person briefed on the matter said Tuesday. The banks are interested in acquiring Chrysler Financial's substantial pool of car
The Economic Monitor Subscribe to The Economic Monitor to get the day's most relevant news, data and anlaysis . Sample The deal, pegged by a Bloomberg report to be worth as much as $6 billion to $7 billion, would continue TD's torrid pace of U.S.
A person briefed on the matter says that several big banks are in talks with Chrysler Financial to buy a stake in automaker's old lending arm. The person says the banks are interested in Chrysler Financial because of its large pool of auto loans and
Cerberus Capital Management is on the lookout for buyers for auto lender Chrysler Financial, which it acquired as part of a Chrysler LLC buyout deal in 2007, Bloomberg reported, citing two people with knowledge of the matter. Private-equity firm
Accountants, journalists and politicians are frantically calculating whether taxpayers will recover the $80billion they invested in the turnaround of General Motors and Chrysler...Last week, the Center for Automotive Research issued a study saying
Steven Leach, the co-defendant of fallen auto mogul Denny Hecker, accepted a plea agreement with U.S. prosecutors Thursday and will formally plead guilty Friday for his part in a scheme that defrauded Chrysler Financial out of millions of dollars.
This copy is for your personal, non-commercial use only...Cerberus Capital Management LP is planning a revival of Chrysler Financial, the auto lender whose core business was effectively dissolved by the U.S...Chrysler Financial, owned by the
The U.S. government charged Denny Hecker's friend and former employee, James Carl Gustafson, late Friday with mail fraud and lying to federal prosecutors investigating fraud charges against Hecker. Friday's charges were filed under what's called a