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LATEST NEWS ABOUT MONEY & FINANCE
UPDATE 1-GM's U.S. sales drop 31 percent for…

DETROIT, Jan 5 (Reuters) - General Motors Corp (nyse: GM - news - people ) reported on Monday a 31 percent drop in U.S. sales for December as it posted its first monthly results since the U.S. government agreed to provide the struggling…

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UPDATE 2-GM gets $4 bln rescue loan, Chrysler on hold

MINNEAPOLIS - (Business Wire) The following statement was issued today by Jim, Bob and Bill Pohlad, the three sons of Carl Pohlad: Earlier today, our father, Carl Pohlad, passed away. We were all with him when he died. He has been resting…

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GM gets $4 billion rescue loan but Chrysler on hold

There aren't many advantages to the economic downturn, but one is that people are more focused on saving money and paying off debt. For those who've run up their credit cards, the average amount owed is more than $16,000. Consumer Reports…

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Expanded Statement Issued by Pohlad Family

Chrysler’s financing unit is in talks with the US government to change its status in a way that will allow it to tap into the troubled assets relief programme and other sources of credit. The Detroit carmaker, which received $4bn in…

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Consumer Reports: Strategies to pay off debt

NEW YORK (Reuters) - North American fertilizer company Mosaic Co said on Monday its quarterly profit jumped, boosted by rising potash and phosphate sales, but said it would cut output and expected weak results for its current quarter.…

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Chrysler arm seeks to tap relief funding

Carl Pohlad, a working-poor son of the Great Depression who became one of America's wealthiest dealmakers, has died. He was 93. A financier who came to be best known through his 1984 acquisition of the Minnesota Twins, Pohlad also headed a…

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