According to recent news, General Motors might decide not to sell its European car firm Opel which has been struggling for quite some time now. Bids for Opel have been arriving from everywhere including German Government which said that it will lend Opel 6.4 billion dollars given the condition that …
Guaranty Bank has been closed down making it the third largest bank to fail in the year 2009. Till now, 81 banks have failed in the year 2009. The Federal Deposit Insurance Corporation, FDIC, will receive the 13 billion dollar assets and 12 billion dollar deposits of Guaranty Bank. The …
Porche finally gave in to the months – long power struggle to Volkswagen when it fired its chief executive. Also, it declared that it will try to raise €5 billion in equity for the possible merger of Volkswagen and Porsche. Porsche’s board of directors meeting came to an end with …
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