General Motors Corp. (NYSE: GM) -- as it runs short of cash and attempts to raise $4 billion from asset sales, GM has asked real estate agent Jones Lang LaSalle for help in raising up to $257 million from the sale and leaseback of some of its European offices and other property assets, as well as inquired about its options regarding the Renaissance Center, the Detroit skyscraper complex that serves as its headquarters, the Financial Times reported.
Meanwhile, adding insult to injury, GM has asked the U.S. Federal Aviation Administration to prevent public tracking of a jet it leases.
Ford Motor Co. (NYSE: F) is also ignoring public outcry and is so far resisting pressure to cut the salary of its chief executive. Maybe asking emergency help from the federal government requires that large compensation...
Staying with automarkers, Deutsche Bank analyst Rod Lache said the scales are tipping in favor of a federal bailout from GM and Ford, MarketWatch said. GM traded 12% higher and Ford shares were 15% higher in the first minutes of trade.
Bank of America (NYSE: BAC) -- The Federal Reserve Board officially approved BAC.'s acquisition of Merril Lynch (NYSE: MER) on Wednesday in a $50 billion deal first announced in September. BAC shares were nearly 3% higher and MER's over 4% higher in the first few minutes of trade.
Meanwhile, adding insult to injury, GM has asked the U.S. Federal Aviation Administration to prevent public tracking of a jet it leases.
Ford Motor Co. (NYSE: F) is also ignoring public outcry and is so far resisting pressure to cut the salary of its chief executive. Maybe asking emergency help from the federal government requires that large compensation...
Staying with automarkers, Deutsche Bank analyst Rod Lache said the scales are tipping in favor of a federal bailout from GM and Ford, MarketWatch said. GM traded 12% higher and Ford shares were 15% higher in the first minutes of trade.
Bank of America (NYSE: BAC) -- The Federal Reserve Board officially approved BAC.'s acquisition of Merril Lynch (NYSE: MER) on Wednesday in a $50 billion deal first announced in September. BAC shares were nearly 3% higher and MER's over 4% higher in the first few minutes of trade.
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