CEO Fritz Henderson calls the move 'a defining moment' in the company's reinvention. In trading, shares of GM dropped 28%. Meanwhile, Chrysler takes another step toward emerging from bankruptcy. General Motors Corp. filed for bankruptcy protection this morning in a Manhattan courtroom, ending months of speculation.
The Wait Is Over: Gm Files For Chapter 11
Los Angeles Times - Top News, Los Angeles Times
Mon, 06/01/2009 - 7:16am
RELATED ARTICLES
- 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 - Sears Didn't Move Fast Enough, CEO Says
Sears continues to struggle to get a "decent" return on its assets and the retailer didn't move fast enough to cut expenses after the financial crisis, the CEO said at the annual meeting. 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 - Meetup CEO Points To Booming Growth As His Company Hits 100 Million RSVPs
As his company readied to push past the 100 million RSVP mark earlier this month, Meetup CEO Scott Heiferman refused to celebrate. More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more