Chrysler rushed to clinch deals with Fiat and a fractious group of lenders on Wednesday in a last-ditch effort to avoid bankruptcy ahead of a government-imposed April 30 restructuring deadline. According to a report in the Wall Street Journal citing people familiar with the matter, those efforts hit a major roadblock late in the...
Posts Tagged ‘ Wall Street ’
Asian Stocks on 6-month high
Asian shares rose on Friday, with South Korean stocks hitting a 6-month high after the country averted recession in the first quarter, as a Wall Street rally boosted risk demand around the region and dented the yen. Many financial centers in the region were closed for a long weekend, making investors nervous that gains...
IBM buying Sun Microsystems
The chief executive of Dell Inc said on Tuesday that talk of IBM possibly buying Sun Microsystems was providing an “enormous opportunity” to the world’s No. 2 PC maker in the corporate server market. Michael Dell said such talk created uncertainty over the future of Sun’s Solaris-based servers and accelerated a customer migration to...
