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GM, Ford, Chrysler plans to Congress at a glance
Published December 2, 2008, 2:55 pm, AP via Yahoo! Finance
The Detroit Three automakers, making a second bid for federal loans, presented Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive.
Bartronics India mulls US listing
Published December 2, 2008, 2:52 pm, Business Standard India
Bartronics India, a Hyderabad-based provider of automatic identification and data capture solutions, said it is contemplating getting listed in the US — either on the Nasdaq or the New York Stock Exchange (NYSE) — as soon as the market situation becomes a little more conducive.
Sebi extends cross-margin facility to all participants
Published December 2, 2008, 2:45 pm, Business Standard India
Retail and other non-institutional investors can now use the margins on derivatives for cash market deals or vice versa with regulator Securities and Exchange Board of India (Sebi) today bringing them at par with institutions for cross-margin facility.
Alternative Construction Technologies, Inc., Files Suit Against Investors in Federal Court
Published December 2, 2008, 2:17 pm, Centre Daily Times
Alternative Construction Technologies, Inc. (OTCBB:ACCY) announced today that it has filed a complaint against Roswell Capital Partners and Centre Court Asset Management, along with their respective funds, BridgePointe Master Fund, Ltd., CAMOFI Master LDC, and CAMHZN Master LDC (collectively the “Investors”) in New York Federal Court.
Flowers Foods Hosts Analyst Day in New York; Reaffirms Guidance for 2008 and 2009
Published December 2, 2008, 2:15 pm, PR Newswire via Yahoo! Finance
At an event hosted in New York today for financial analysts and broadcast live over the Internet, executives of Flowers Foods provided insight into the company's core strategies and reiterated previously issued guidance for 2008 and 2009.
GM Sends Congress Plan Asking For $12 To $18 Billion, "Alternatives" For Saturn Brand [Carpocalypse Now]
Published December 2, 2008, 2:07 pm, Jalopnik
GM's response to the congressional ultimatum, just released, outlines a need for $12 billion in loans, plus potentially $6 billion later, and plans to reach profitability by pursuing "alternatives"...
(AFX UK Focus) 2008-12-02 21:45 FACTBOX-Details of GM plan submitted to Congress
Published December 2, 2008, 2:04 pm, Interactive Investor
DETROIT, Dec 2 (Reuters) - General Motors Corp on Tuesday submitted the accelerated restructuring plan demanded by Congress, saying it needed up to $18 billion in loans and credit lines from the government. GM said it needed to receive $4 billion of that U.S. government financing this month to survive. It said it would aim to convince bondholders and the United Auto Workers union to accept the ...
FACTBOX-Details of GM plan submitted to Congress
Published December 2, 2008, 1:30 pm, Reuters via Yahoo! Singapore News
DETROIT, Dec 2 (Reuters) - General Motors Corp on Tuesday submitted the accelerated restructuring plan demanded by Congress, saying it needed up to $18 billion in loans and credit lines from the government.
Sebi extends cross-margin facility to all investors
Published December 2, 2008, 1:01 pm, Express India
In yet another move to ease the liquidity pains and deepen the market and also perk up volumes, the Securities & Exchange Board of India is extending the cross margining norms to all participants across the market. Earlier on May 5, 2008, the regulator had allowed institutional investors to avail this facility.
China BAK Reports Fourth Quarter and Fiscal Year 2008 Financial Results
Published December 2, 2008, 1:00 pm, PR Newswire via Yahoo! Finance
China BAK Battery, Inc. , one of the largest lithium-ion battery cell manufacturers in the world, as measured by production output, today announced its financial results for the fourth quarter and fiscal year ended September 30, 2008 .
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