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GMAC Has $2.52 Billion Loss; ResCap Survival at Risk - CNBC Finance company GMAC lost $2.52 billion in the third quarter, hurt by the housing slump and vehicle lease writedowns, and said its mortgage unit, one of the nation's largest home loan providers, may not survive. The fifth straight quarterly loss ...
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Retailer files for bankruptcy protection (Erie Times-News) NEW YORK -- Circuit City Stores Inc., the nation's second-biggest electronics retailer, filed for bankruptcy protection on Monday but plans to stay open for business as the busy holiday shopping season approaches.
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(AFX UK Focus) 2008-10-30 20:45 US FED: NY Fed Loans $144.8 Bln For Commercial Paper Purchases (Interactive Investor) WASHINGTON (Thomson Financial) - The Federal Reserve reported today that it has extended financing for the purchase of commercial paper in an amount equal to about 10% of the entire commercial paper market.
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