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A C Verma
Published December 2, 2008, 9:04 am, Business Standard India
State Bank of Patiala (SBoP) is the only public sector bank with its headquarters in Punjab. With the financial sector under pressure globally, the State Bank of India (SBI) associate has evolved a strategy to offset the impact of slowdown.
Scotiabank Reports Fourth Quarter and Full Year Results
Published December 2, 2008, 8:49 am, PR Newswire via Yahoo! Finance
Earnings per share of $3.05 versus $4.01, includes $0.82
Ford Motor Asks Congress for $9 Billion Credit Line (Update2)
Published December 2, 2008, 8:36 am, Bloomberg
Dec. 2 (Bloomberg) -- Ford Motor Co. today asked Congress for a credit line of as much as $9 billion, saying it expects to break even or be profitable before taxes in 2011.
Ford submits plan to Congress, asking for $9 billion loan; says CEO will earn $1
Published December 2, 2008, 7:53 am, Asbury Park Press
Ford Motor Co. submitted its plan to Congress today seeking a loan of as much as $9 billion, saying it expects to break even or be profitable before taxes in 2011.
U.S. Automakers, UAW to ‘Genuflect’ to Split Congress (Update3)
Published December 2, 2008, 7:21 am, Bloomberg
Dec. 2 (Bloomberg) -- General Motors Corp. , Ford Motor Co. and Chrysler LLC, running out of money to operate, must convince a divided Congress that their plans to shrink are severe enough to ensure repayment of $25 billion in proposed U.S. loans.
Delphi Allowed To Access Loans
Published December 2, 2008, 7:19 am, Manufacturing.net
Bankruptcy judge said Monday that auto supplier Delphi can continue to access the proceeds of $4.35 billion in loans after the Dec. 31 expiration date.
Delphi wins court motion
Published December 2, 2008, 6:26 am, Autonet.ca
A U.S. bankruptcy judge said Monday that auto supplier Delphi can continue to access the proceeds of US$4.35 billion in loans after the Dec. 31 expiration date.
UAE-Based National Central Cooling Ratings Cut To 'BB'; Off CreditWatch; Outlook Developing
Published December 2, 2008, 6:10 am, Zawya
02 December 2008 LONDON (Standard & Poor's) -Standard & Poor's Ratings Services said today that it lowered its long-term corporate credit rating on United Arab Emirates-based district cooling company National Central Cooling Co. PJSC (Tabreed) to 'BB' from 'BBB-'. The outlook is developing.
Banking and Financial
Published December 2, 2008, 5:33 am, Mondaq
The current freeze in the credit markets and the resulting general downturn in the leveraged buy-out market have led private equity firms to search for new investment opportunities. Not surprisingly, the economic forces that precipitated the downturn may generate some of these new opportunities.
Business briefs
Published December 2, 2008, 5:00 am, The Clarion-Ledger
A bankruptcy judge has said Delphi can postpone by six months the repayment of $4.35 billion in loans.
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