SALE

Visiting U.S. President Barack Obama made a pointed quip Tuesday about Russia's sale of Alaska to the United States in the 19th century.

Less profitable skies as airlines report dropping June traffic, Judge approves sale to New GM, Rio Tinto sells food packaging division for $1.2 billion

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.

China Mengniu Dairy said on Monday that it will raise HK$3.058 billion ($394.6 million) from a share sale to China National Oils, Foodstuffs and Cereals Corp (COFCO) and Hopu Investment Management.

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.

General Motors Corp would be forced into liquidation if its proposed asset sale were not approved despite urging from dissident bondholders that another course be pursued, the company's lead bankruptcy lawyer said on Thursday.

General Motors Corp has no choice but to sell its assets to a group led by the U.S. government if it is to survive, a lawyer for the bankrupt carmaker argued in bankruptcy court in Manhattan on Wednesday

If General Motors wins court approval for its asset sale this week, a New GM could be ready to make an initial public offering in 2010, a U.S. Treasury official testified in U.S. bankruptcy court on Wednesday.

The only viable option to save General Motors Corp is a sale of its main assets to a New GM backed by the federal government, a U.S. Treasury official told a bankruptcy court on Wednesday as the automaker sought approval for the deal.

The only viable option to save General Motors Corp is a sale of its main assets to a New GM, a U.S. Treasury official told a bankruptcy court on Wednesday as the automaker sought approval for the deal.

General Motors Corp's chief executive told a U.S. bankruptcy court on Tuesday that the sale of GM's main assets to government-backed New GM must win court approval in order for the automaker to survive.

Devoted users and fans of popular free file-sharing website, The Pirate Bay, have vented out on its website, accusing the company of selling out.

The fifth round under the Federal Reserve's TALF program grew to $8.1 billion on Tuesday and is largely being shaped by auto ABS issuers as two new deals join the queue of securities offered ahead of the July 7's subscription deadline.

A U.S. bankruptcy court judge opened a hearing on Tuesday morning on government-backed plans by General Motors Corp to seek approval to sell its main assets to a New GM.

A General Motors Corp bankruptcy court hearing in which the company is seeking to sell its main assets to a New GM began on Tuesday but moved to a recess almost immediately as the judge dealt with communication issues.

Iraq auctioned contracts to run eight giant oil and gas fields Tuesday as it sought to take charge of its own reconstruction after six years of war, but oil companies were reluctant to pay what it asked.

Creditors and suppliers of Nortel Networks filed a series of objections on Friday to the proposed sale of a unit of the bankrupt telecom equipment maker to Nokia Siemens Networks.

General Motors Corp has agreed to accept liability for future product defects as one of several concessions offered in a bid to win court approval for a quick sale from bankruptcy.

General Motors Corp needs to exit from bankruptcy quickly in order to avoid a fatal blow to many of its suppliers and the loss of thousands of jobs, Chief Executive Fritz Henderson said in a court filing on Thursday.

The family of Chemoil Energy founder Robert Chandran is in talks to sell its 51 percent interest in the marine fuel supplier, with trading giant Glencore the frontrunner for a stake worth $240 million, sources familiar with the deal said on Wednesday.

American International Group Inc's plans to sell its broker-dealer business, AIG Advisor Group, are facing hurdles, the New York Post said.