Insight: Ally's mortgage unit problems come full circle
NEW YORK/CHARLOTTE, North Carolina (Reuters) - In the fall of 2009, the board of GMAC, one of the largest U.S. auto and home-loan companies, gathered in New York to discuss whether to put its troubled mortgage unit into bankruptcy. GMAC, now called Ally Financial, was just about to receive the last of $17 billion in taxpayer bailouts. The board, including directors named by the U.S. government ...
Read more...
Insight - Time running out for Ally Financial's restructuring
NEW YORK/CHARLOTTE, North Carolina (Reuters) - In the fall of 2009, the board of GMAC, one of the largest U.S. auto and home-loan companies, gathered in New York to discuss whether to put its troubled mortgage unit into bankruptcy. GMAC, now called Ally Financial, was just about to receive the last of $17 billion (10 billion pounds) in taxpayer bailouts. The board, including directors named by ...
Read more...
INSIGHT-UPDATE 1-Ally's mortgage unit problems come full circle
* ResCap bankruptcy is possible by May 14 * No agreement on how to repay taxpayers $12 bln * Frustration at Treasury over lack of progress at Ally * Missed chances, external events stymied turnaround (Adds ...
Read more...
Pinnacle Foods Finance LLC Reports Fiscal 2012 First Quarter Results
Pinnacle Foods Finance LLC announced its financial results for the quarter March 25, 2012. Net sales in the first quarter were $617 million, a 1.8% increase compared to $606 million last year.
Read more...
Gaylord Entertainment Company Reports First Quarter 2012 Results
Gaylord Entertainment Co. today reported its financial results for the first quarter of 2012. Highlights include:
Read more...
|
Many ways out of Foreclosure: