Posts Tagged ‘Treasury Department

Chrysler LLC cleared another major obstacle to its survival Sunday when it reached a tentative deal on concessions with the United Auto Workers union, helping it move closer to inking a vital alliance with Italy’s Fiat Group SpA.
The troubled automaker is just days away from a Thursday U.S. government deadline to gain concessions from its [...]

Saturday, March 20, 2010

Chrysler could still avoid bankruptcy

With a government-imposed deadline for massive restructuring less than a week away, Chrysler LLC and Treasury Department officials are still holding out hope that they can reach deals to keep the troubled automaker out of bankruptcy courts, two people briefed on the talks said Friday.
The wounded automaker already is living on $4 billion in government [...]

The chief financial officer of money-losing mortgage giant Freddie Mac was found dead in his basement early Wednesday morning in what police said was an apparent suicide.
David Kellermann, 41, apparently hanged himself, said a law enforcement official familiar with the investigation. He asked not to be identified because the investigation was ongoing.
Kellermann’s death is the [...]

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