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Law Blog - WSJ.com (Free subscription) | 11/05/2009
More IndustriesNOVEMBER 5, 2009, 1:40 P.M. ETGM Will Pick New Managers for Opel Unit BY SHARON TERLEP DETROIT—General Motors Co. Chief Executive Frederick "Fritz" Henderson said Thursday he will pick a new management team for the auto maker's Opel/Vuaxhall unit within "weeks or days." Mr. Henderson also told reporters he is confident GM can secure financing for its €3 billion ($4.5 billion)...
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Law Blog - WSJ.com (Free subscription) | 11/04/2009
BY JOHN D. STOLL AND SHARON TERLEP In a dramatic change of course, General Motors Co. is backing out of a deal to sell the company's European operations to car-parts supplier Magna International Inc., and now plans to spend billions to restructure the money-losing business itself.The decision to keep control of Opel of Germany and its British sister company Vauxhall was made at a board...
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Law Blog - WSJ.com (Free subscription) | 11/03/2009
BY JOHN D. STOLL, SHARON TERLEP AND CHRISTOPH RAUWALD In a dramatic change of course, General Motors Co. is backing out of a deal to sell the company's European operations to car-parts supplier Magna International Inc., and now plans to spend billions to restructure the money-losing business itself.The decision to keep control of Opel of Germany and its British sister company Vauxhall...
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Law Blog - WSJ.com (Free subscription) | 10/30/2009
... OCTOBER 30, 2009 Detroit Casinos Fare Surprisingly Well in Tough Times more in »BY A.D. PRUITT AND SHARON TERLEP Detroit has lost jobs, residents and much of its auto industry. But its gambling business is doing surprisingly well.While the city's unemployment is 29%, gaming revenue at its three casinos has been off only 2% from a year ago so far this year. Atlantic City's gaming revenue...
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The Business Insider (Free subscription) | 10/07/2009
Three months after emerging from bankruptcy, the leaner meaner General Motors is already crashing and burning. Guess it's time to shovel more taxpayer money down the rat hole... Sharon Terlep, WSJ: General Motors Co. hasn't met several significant goals it planned to achieve by year's end, including work force reductions and the sale of failing brands. Chief Executive Fritz Henderson...
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Law Blog - WSJ.com (Free subscription) | 10/07/2009
More IndustriesOCTOBER 7, 2009GM CEO to Give Progress Report BY SHARON TERLEP General Motors Co.'s chief executive on Wednesday plans to deliver an update on the company's progress since it emerged from bankruptcy in July.In a conference call with reporters, Frederick "Fritz" Henderson is expected to highlightsuch moves as naming new managers and releasing new models.Mr. Henderson held...
