Reader's Digest Association Inc, known for its namesake magazine, said it filed for Chapter 11 bankruptcy protection for its US businesses as part of a prearranged plan with lenders to cut debt. Reader's Digest said it has secured $150 million in new debtor-in-possession financing, which is convertible into exit financing upon emergence.
A judge approved GM's plan to sell its best assets into a new company.
http://www.ibnlive.com/news/gm-close-to-bankruptcy-exit-sale-to-government/96794-25.html
Obama administration may intervene with GM's and Chrysler's restructurings.
http://www.ibnlive.com/news/nearly-all-dealers-agree-to-work-with-new-gm-ceo/94947-25.html
Blast off in Honda's latest offering, the 1000RR Fireblade.
http://ibnlive.in.com/videos/94339/watch-honda-introduces-the-fireblade.html
General Motors Corp said it reached a tentative deal to sell its Hummer.
http://www.ibnlive.com/news/gm-has-hummer-deal-declines-to-name-buyer/94008-25.html
GM India operations are not included in the US filing for Chapter 11.
http://www.ibnlive.com/news/smooth-operation-reinvention-plans-for-gm-india/93985-7.html
Auto major getting $30 bn in taxpayer bailout money.
http://ibnlive.in.com/videos/93953/how-gm-plans-to-use-30-mn-to-get-back-into-top-gear.html
Obama's comments came after GM filed for bankruptcy in New York.
http://www.ibnlive.com/news/gm-has-viable-plan-to-exit-bankruptcy-obama/93938-25.html
Obama says the automaker and not his administration will take decisions.
http://www.ibnlive.com/news/obama-sees-gm-emerging-quickly-from-bankruptcy/93920-7.html
Company taken over by US government; taxpayers to foot $30-bn bill.
http://www.ibnlive.com/news/gm-files-for-bankruptcy-protection/93895-7.html
The century-old US auto icon GM is expected to declare bankruptcy.
http://www.ibnlive.com/news/general-motors-prepares-for-historic-bankruptcy/93741-25.html
Auto major lost $16.8 billion in 2008 and expects to lose $4.7 billion in 2009.
http://www.ibnlive.com/news/bankrupt-chyrsler-says-can-be-back-in-top-gear-by-2012/91810-7.html
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