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NEW YORK/BANGALORE (Reuters) - A U.S. judge on Sunday approved General Motors Corp's bankruptcy sale, in a move that will allow the company's most profitable assets to exit bankruptcy protection under government ownership. Judge Robert Gerber of the U.S. bankruptcy court in Manhattan said the sale would "prevent the death of the patient on the operating ...
A US bankruptcy judge approved a restructuring plan for troubled car manufacturing giant General Motors that calls for selling its assets to a new government-backed company. "The 363 transaction is approved," Judge Robert Gerbert wrote in his ruling, referring to the plan.
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Asian stocks were narrowly mixed Monday, undermined by investor anxiety that company earnings will reflect a weaker global economy than originally hoped. Volumes were thin across the region without a cue from U.S. markets, which were closed Friday for Independence Day. Resource producers dragged ...
