Daily News Channel
Europe debt crisis rolls on as Irish bailouts grow Economist Lucey said Ireland was needlessly tying its future fortunes to keeping all senior bondholders happy. He said bondholders should be forced, on a case-by-case basis, to accept punishment for the risks they took in loaning to Irish banks. “We haven’t been told who owns this […]
Under pressure to demonstrate their viability in order to qualify for more government loans, General Motors and Chrysler couldn’t produce any additional evidence on Tuesday. If they were taking physical exams, they both would have flunked. As February sales were reported, GM owned up to selling 53% fewer cars and trucks than a year ago, while Chrysler admitted that its total fell 44%