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GM May Not Require Further U.S. Loans to Survive (Update3) (Bloomberg)
Jan. 7 (Bloomberg) -- General Motors Corp. said it has enough government loans to cover its worst-case forecast for U.S. auto sales and won’t need more if the economy holds up.
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CIT Posts Fourth-Quarter Loss on Bad Commercial Loans (Update1) (Bloomberg)
Jan. 7 (Bloomberg) -- CIT Group Inc. , the commercial lender that converted to a bank to win access to the federal bailout program, was unprofitable for the seventh consecutive quarter as it set aside more money to cover bad loans.
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PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans (Update3) (Bloomberg)
Jan. 7 (Bloomberg) -- Private National Mortgage Acceptance Company LLC , an investor in troubled mortgages run by a former president of Countrywide Financial Corp., bought $558 million of home loans that the Federal Deposit Insurance Corp. acquired last year after First National Bank of Nevada collapsed.
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GM, Chrysler, credit unions expand loans (MSNBC)
General Motors and Chrysler say they’re both expanding deals that offer low-cost loans and special pricing incentives to credit union members to all 50 states.
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Report: Petrobras seeking $15B in loans (AP via Yahoo! Finance)
Brazil's state-run oil company is reportedly seeking up to $15 billion in loans. According to a report in the Estado de S. Paulo newspaper, Petrobras Brasileiro SA is asking a series of Brazilian banks for short-term loans of between $1 billion and $3 billion.
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GM says government loans cover worst scenario: report (Reuters via Yahoo! News)
General Motors Corp has adequate government loans pledged to cover the worst-case scenario it outlined in December to Congress and will not need more unless the economy worsens, a Bloomberg report said.
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GM may not need extra loans to survive (Sydney Morning Herald)
General Motors Corp has adequate funds from government loans to cover the worst-case scenario it described in December and won't need additional help.
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Ministry to provide loans to jobless ranks facing eviction from Tokyo shelters (The Japan Times)
The labor ministry said Wednesday it will provide loans for jobless and homeless people who are staying at four shelters set up in Tokyo until next Monday to help them find places to live. Of some 500 jobless people who spent the New Year's period encamped at a tent village set up by volunteers in Hibiya Park, about 300 were relocated to the four sites arranged Monday by the Health, Labor and ...
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Petrobras May Seek as Much as $15 Billion in Loans, Estado Says (Bloomberg)
Jan. 7 (Bloomberg) -- Petroleo Brasileiro SA , Brazil’s state-controlled oil company, may seek as much as $15 billion in loans, O Estado de S. Paulo reported, citing two bankers it didn’t identify.
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General Motors May Not Require Further U.S. Loans to Survive (Bloomberg)
Jan. 7 (Bloomberg) -- General Motors Corp. has enough government loans to cover the worst-case scenario it described last month and says it won’t need more if the economy holds up.
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