05232012Headline:

GMAC gets US$6b rescue

1239 days ago | 0 comment
The United States Treasury Department says it will provide US$5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp, from the US$700 billion bank rescue programme. The government will receive preferred shares [...]

Liquidation of Madoff firm a pricey US$28m

1239 days ago | 0 comment
United States Bankruptcy Judge Burton Lifland on Tuesday approved the transfer of US$28.1 million to cover expenses tied to the liquidation of Bernard Madoff’s investment firm. Madoff is accused of running an elaborate pyramid scam that [...]
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