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GM files for bankruptcy, Chrysler sale cleared

General Motors Corp filed for bankruptcy on Monday, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.

GM to file for bankruptcy, Chrysler sale cleared

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General Motors Corp will file for bankruptcy later on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.

Chrysler gets judge's approval for asset sale

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A U.S. bankruptcy judge on Sunday approved the sale of substantially all of U.S. automaker Chrysler's assets to a group led by Italy's Fiat SpA hours before an expected bankruptcy filing by General Motors Corp .
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Bankruptcy judge clears Chrysler asset sale

A U.S. Bankruptcy Court judge approved the sale of substantially all of U.S. automaker Chrysler's assets to a group led by Italy's Fiat SpA hours before an expected bankruptcy filing by General Motors Corp .
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U.S. court seen clearing Chrysler sale to Fiat

Chrysler looks set to clear its last major hurdle in its sprint through bankruptcy court as soon as Thursday, when a judge is expected to overrule more than 340 objections and approve its sale to a group that includes Fiat.
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Potential BGI sale trumps buy-out bid for iShares

British bank Barclays has sidelined private equity houses bidding for iShares, its exchange-traded fund unit, and is looking to sell its entire asset management arm instead if offers approach $12 billion.
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Bank of America raises $13.47 billion in share sale

Bank of America Corp raised $13.47 billion through a share sale, marking a major step toward meeting the U.S. government's requirements for capital-raising following the recent stress testing of the bank.
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GM bankruptcy plan eyes quick sale to government

If General Motors Corp files for bankruptcy, as widely expected, its healthy assets will be quickly sold to a new company owned by the U.S. government, a source familiar with the situation said on Tuesday.
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Stock futures higher on BofA sale, Bernanke comments

Stock futures pointed to a higher open on Tuesday after positive comments on the economy and banks from Fed Chairman Ben Bernanke and news Bank of America sold its stake in a Chinese bank to help shore up its balance sheet.
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Morgan Stanley raises $3.5 billion in stock sale

Investment bank Morgan Stanley on Friday said it priced an offering of 146 million common shares at $24 each, raising a more-than-expected $3.5 billion in new equity but at a discount of nearly 12 percent to its Thursday closing price.
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U.S. SEC told not to revive uptick short-sale rule

Financial professionals, academic experts and the U.S. broker-dealer watchdog agree the Securities and Exchange Commission should not reinstate its old uptick rule to regulate short selling but disagreed on what other measures would be effective.
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Chrysler lender group opposes sale process

A Chrysler lenders group objected on Tuesday to the automaker's plans for a quick sale of most of its assets in U.S. Bankruptcy Court, saying it is structured to achieve political goals, rather than economic ones.
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Chrysler gets court OK on loan, seeks Fiat sale

U.S. automaker Chrysler LLC won interim court approval on Monday to access a $4.5 billion bankruptcy loan from the U.S. and Canadian governments, pushing it further along toward its planned sale to Italy's Fiat SPA .
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AIG nears Japan building sale for $1 billion: source

American International Group Inc is near a deal to sell its Japanese headquarters for about $1 billion in what would be one of its largest asset sales since a September rescue, a source familiar with the matter said on Monday.
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AIG near sale of Japanese HQ in $1 billion deal: report

American International Group Inc is close to selling its Japanese headquarters for about $1 billion and the expected buyer is a Japanese insurance company, the Wall Street Journal reported, citing people familiar with the matter.
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AIG near sale of Japanese headquarters: report

American International Group Inc is close to selling its Japanese headquarters for about $1 billion and the expected buyer is a Japanese insurance company, the Wall Street Journal reported, citing people familiar with the matter.

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