Archive for tag: Financial Markets

GM says no to bankruptcy

11 October, 2008 (07:23) | Stock Market Crash 2008, Stock Market Crash 2009, U.S. Stock Market, crash of the stock market, how does the stock market work, how the stock market works, how to invest in the stock market, in the stock market, nasdaq stock market, online stock market, stock market canada | By: The Stock Market Specialist

The troubled automaker issues a statement saying that it is not considering bankruptcy, after its shares sank 31% in Thursday trading.
NEW YORK (CNNMoney.com) — General Motors is not considering bankruptcy, the company said in a prepared statement Friday. The announcement was in response to the automaker’s precipitous stock price decline the previous day, a spokesman [...]

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GM says it will not seek bankruptcy protection, despite stock price crash

11 October, 2008 (06:57) | investing in stock market, investing in the stock market, learn the stock market, learning the stock market, money stock market, nasdaq stock market, online stock market | By: The Stock Market Specialist

General Motors insisted yesterday that bankruptcy was not an option, despite facing what it described as “unprecedented challenges”.
Fears have been growing that the biggest US carmakers, GM and Ford, are close to calamity as the crisis in the financial markets has bled into the real economy.
Shares in the pair were back under pressure in early [...]

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