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Bankruptcy judge OKs GM sale plan

Published July 6, 2009, 4:43 am, The Capital Times

A bankruptcy judge has ruled that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge from bankruptcy protection.

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Stocks, Oil, Metals Drop on Economy Concern; Yen, Dollar Gain

Published July 6, 2009, 4:43 am, Bloomberg

July 6 (Bloomberg) -- Stocks fell, pushing the MSCI World Index lower for a third day, and oil and industrial metals retreated on concern the global economic recovery is faltering.

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Stock futures lower amid ongoing recession worries

Published July 6, 2009, 4:42 am, AP via Yahoo! News

The stock market headed for another pullback Monday as investors around the world grow pessimistic about the economic recovery.

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Bankruptcy judge approves sale of GM assets

Published July 6, 2009, 4:41 am, National Post

A U.S. judge on Sunday approved General Motors Corp's bankruptcy sale in a move that will allow the company's most profitable assets to exit bankruptcy protection under government ownership.

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CURRENCIES: Dollar Finds Favor Amid Earnings Worries

Published July 6, 2009, 4:39 am, Nasdaq

Jitters over what impending second-quarter corporate earnings will show left investors less eager to hold risky assets Monday, prompting modest safe- haven support for the U.S. dollar, foreign-exchange strategists said.

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Bankruptcy judge OKs GM sale plan

Published July 6, 2009, 4:30 am, The Oklahoman

NEW YORK (AP) — A bankruptcy judge has ruled that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge from bankruptcy protection. U.S. Judge Robert Gerber said in his 95-page ruling late Sunday that the sale was in the best interests of both GM and its creditors, whom he said would otherwise get nothing. "As ...

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Treasury’s Summer Rally Not This Year Due to Supply (Update2)

Published July 6, 2009, 4:14 am, Bloomberg

July 6 (Bloomberg) -- One of the best bets in the $6.45 trillion Treasury market may no longer be such a sure thing. Yields on benchmark 10-year U.S. notes fell from June through September in 15 of the last 20 years by an average of 35 basis points as the U.S. wrapped up the bulk of its debt auctions and investors reinvested the proceeds from interest and coupon payments.

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a0504 BC-US-GM-Bankruptcy 5thLd-Writethru 07-06 1286

Published July 6, 2009, 4:10 am, The Hays Daily News

Eds: ADDS video. Moving on general news and financial services. AP Video.

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(AFX UK Focus) 2009-07-06 11:58 Vietnam Dev Bank to auction 3 trln dong of bonds in July

Published July 6, 2009, 4:07 am, Interactive Investor

HANOI, July 6 (Reuters) - State-run Vietnam Development Bank plans to raise 3 trillion dong ($168.5 million) in two-year and 10-year bonds via three auctions this month, the Hanoi Stock Exchange said on Monday.

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Sale Of Most GM Assets Given Green Light

Published July 6, 2009, 3:39 am, CBS 13 Sacramento

A bankruptcy judge said late Sunday that General Motors Corp. can sell the bulk of its assets to a new company, clearing the way for the automaker to quickly emerge from bankruptcy protection.

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