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GMAC recasts finance agreement with GM
GMAC says it has changed its basic financial-services agreement with General Motors, giving the struggling car company more flexibility in how it raises and structures cheap consumer loans. GM shares rally 14% on the move.
Market Watch

Fresh delay in auction of 3G licences in India
India's auction of third-generation (3G) telecommunications services faced fresh delays on Friday after its finance ministry recommended doubling the base price of the sale
FT.com

Top Ten: MarketWatch`s top stories of the week, Dec. 29-Jan. 2
Would that it were as simple as turning a page, laying aside with 2008's calendar all the year's tribulations and placing faith in our personal and collective prospects for a more prosperous new year.
Telegraph

Military-Industrial Complex 1991-2000 - Kommersant
It was only towards the end of a ten-year period of independent existence that the Russian defense industry understood and accepted the new rules of the game. Prior to this, the directors had all hoped for the renewal of Soviet volumes of financing ...
Feed Digest

GMAC surrenders some GM car financing
Detroit » GMAC will no longer have exclusive rights to provide low-interest loans to people who buy General Motors Corp. vehicles, and it will stop financing leases under a complex deal to get federal aid for the troubled lender.
The Salt Lake Tribune

GMAC Gives Up Some GM Financing Rights
The auto financing giant GMAC relinquished its exclusive right to provide financing to people buying General Motors vehicles in exchange for up to $6 billion in federal aid.
washingtonpost.com

High River Gold digging for financing
Miner faces trouble at West African facility; two executives have departed
CBC.ca

Personal Finance Daily: It might take an old outlook to see us through a new year
Don't miss these top Personal Finance stories this week.
Telegraph

GMAC gives up some GM financing rights via bailout
NEW YORK (Reuters) - GMAC LLC on Friday said that as part of its $6 billion federal bailout and decision to become a bank, it will no longer have the exclusive right to provide low-interest loans to borrowers who buy General Motors Corp cars and trucks.
Reuters

UPDATE 1-NovaGold strikes $60 mln financing deal
OTTAWA, Jan 2 (Reuters) - NovaGold Resources Inc said on Friday it has struck a $60 million private placementdeal with Electrum Strategic Resources and will use the cash torepay debt and fund exploration and development.
Reuters

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Archived "business - personal finance" news stories.

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