Gm Reaches Deal To Sell Saab

Kendra Marr, Washington Post
Tue, 06/16/2009 - 7:13am

Automaker to sell its Swedish unit Saab to sports car manufacturer Koenigsegg.

Sections: news business

Ford shareholders reject stock proposal
Ford Motor Co. shareholders are again rejecting a proposal to dilute the Ford family's control over the company. At its annual meeting in Wilmington, Del., Thursday, Ford said 67 percent of shareholders voted against the proposal to make each Ford share worth one vote. More
Microsoft may buy Barnes & Noble's Nook unit for $1 billion
According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
Bayer to pay $1.1B for California firm Conceptus
Germany drug company Bayer AG says it intends to buy California-based Conceptus to expand its birth control offerings. Bayer said Monday it would launch a pupublicblic offer to pay $31.00 per share for all the stock in Conceptus, Inc. That means Bayer would pay $1.1 billion. More
AP Source: Fiat mulls IPO after buying Chrysler
The head of Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter. More
Ford Profit Rises on Strong North American Sales
The automaker, which continues to struggle overseas, posted first-quarter net income of $1.6 billion, beating Wall Street expectations. More

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