Word they won’t make $1 billion debt payment makes bankruptcy seem more likely for Fritz Henderson’s automaker.
Figures on government spending and debt (AP via Yahoo! News)
Figures on government spending and debt
Skyrocketing Private Loan Debt at Trade Schools | New America Blogs
We have long been concerned that for-profit colleges and trade schools have been aggressively pushing financially needy students to take on high-cost private student loan debt to help cover their costs. …
G.M. Likely to Skip $1 Billion Debt Payment (New York Times)
General Motors is unlikely to make a $1 billion debt payment due June 1 because it expects to be in the process of restructuring its debt through a voluntary exchange or bankruptcy court by that point, a spokeswoman for the automaker said Wednesday.
Travel Roundup: Wynn, Las Vegas Sands Amend Debt, Asia Feels Biz …
BNET Travel provides daily industry news coverage and insights for managers and executives about all aspects of the travel and tourism industry.
G.M. Likely to Skip $1 Billion Debt Payment – DealBook Blog …
Update | 6:37 p.m. General Motors would likely forego making a $1 billion bond payment due June 1, opting instead to begin a debt-exchange offer by then, a spokesman for the carmaker said in a statement on Wednesday. …
GM Tumbles on Report it Won't Make Debt Payment – Automotive * US …
Shares of General Motors slid more than 5 percent—a session low—after the beleaguered US automaker said it won’t make a June 1 debt payment of $1 billion.
Task force dives into finances of a consolidated school district (The Chetek Alert)
Members from both Chetek and Weyerhaeuser communities on the joint consolidation task force gathered in Weyerhaeuser Monday night for a presentation from consolidation consultant Roger Worner.
GM Will Miss Its $1 Billion Debt Payment, Stock Plummets
General Motors Corp. will not make a $1 billion debt payment due June 1, its CFO, Ray Young, told reporters on Wednesday. Instead, it is hoping to complete a debt-for-equity exchange or be forced to resort to bankruptcy.
GM to Default on Its Debt – Stephen Spruiell – The Corner on …
Wednesday, April 22, 2009. GM to Default on Its Debt [Stephen Spruiell]. So says the WSJ. Just yesterday it was reported that the Obama administration had approved the company for $5 billion in additional loans. …
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