President Barack Obama believes a quick bankruptcy is a likely way to reshape ailing automaker General Motors Corp. into a competitive company, according to a report Wednesday.
However, there was a growing sense that the most likely way to restructure was to put the iconic company through a "quick and surgical" bankruptcy
Wednesday, April 1, 2009
Fortis slumps to $37 billion loss after bank sales
Belgian financial services group Fortis Holding on Tuesday announced a massive 28 billion euro ($36.9 billion) loss for 2008 due to the sale of its Dutch and Belgian banking operations.
The firm said Tuesday that the sale of its banking activities to authorities in Belgium and the Netherlands during the break-up resulted in a 29.4 billion euro hit from operational losses and write-downs on the sale.
The firm said Tuesday that the sale of its banking activities to authorities in Belgium and the Netherlands during the break-up resulted in a 29.4 billion euro hit from operational losses and write-downs on the sale.
Wells Fargo may cut H1-B visa workers
Wells Fargo & Co., one of the largest U.S. lenders, told employees this month that it's considering cutting foreign workers,
When the stimulus bill became law in February, it included rules that made it more difficult for TARP recipients to hire foreign workers on so-called H-1B visas.
When the stimulus bill became law in February, it included rules that made it more difficult for TARP recipients to hire foreign workers on so-called H-1B visas.
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