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GM files for bankruptcy

General Motors filed for bankruptcy on Monday as the Obama administration took the first steps to try to revive a failed icon of American industry by extending unprecedented federal funding and oversight.

GM files for bankruptcy, asks for quick action

General Motors Corp filed for bankruptcy on Monday, as the Obama administration took the first steps in court to try to revive a failed icon of American industry by extended unprecedented funding and oversight.

Gov. has 'no interest' in running GM

President Obama said on Monday that the U.S. government has no interest in running General Motors although tax-payers will own a majority of the strugling company after it emerges from bankruptcy.

Wall Street jumps on recovery bets and GM; AmEx off late

U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.

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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.

Upbeat economic data boosts Wall Street

Stocks rallied on Monday as reassuring economic data spurred optimism the recession is abating, overshadowing a long-expected bankruptcy filing by General Motors.

Nasdaq jumps 3 percent as Wall St rallies

Stocks rallied on Monday, sending the Nasdaq up slightly more than 3 percent as reassuring economic data fueled hopes the recession is abating, eclipsing a long-expected bankruptcy filing by General Motors .

GM bankruptcy forever linked to Harlem dealership

General Motors Corp's bankruptcy will forever be tied to one dealership in an often-ignored neighborhood due to the quirks of U.S. bankruptcy law.

General Motors, Citigroup to be cut from the Dow

The closely watched Dow Jones industrial average reshuffled the deck on Monday, removing both General Motors Corp and Citigroup Inc in a widely anticipated move.

General Motors, Citigroup to be removed from Dow

General Motors Corp will be replaced by Cisco Systems Inc in the Dow Jones Industrial Average and Citigroup Inc will be replaced by Travelers Companies Inc , Dow Jones Indexes said on Monday.

GM enters bankruptcy, expects to re-emerge in 3 months

General Motors Corp., which filed for for court protection under U.S. bankruptcy laws today, said it expects to spend up to three months in bankruptcy before re-emerging as a smaller, leaner company.

Wall Street set for higher open on China manufacturing

U.S. stocks were poised for a sharply higher open on Monday as stronger economic data from China fueled optimism that the worst of the global recession was past, even as General Motors filed for bankruptcy.

GM to file for bankruptcy, Chrysler sale cleared

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.

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 .

GM to file for bankruptcy on Monday

General Motors Corp will file for bankruptcy 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.

GM prepares for Monday bankruptcy filing

General Motors Corp and the U.S. government finalized plans for the battered company to reorganize, setting the stage for America's largest-ever industrial bankruptcy filing before markets open on Monday.

Can Government Motors succeed where GM failed?

General Motors Corp has tens of billions of dollars in government backing, a grudging labor peace and the support of its big bondholders as it gets ready for what is intended to be a swift dash through one of the biggest bankruptcy cases in U.S. history.

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