3 result(s) displayed (1 - 3 of 3):

GMAC files for bank status; will GM transfer ownership? (from Corporate Dealmaker)

Questions about GMAC Financial Services survival may be answered if it gets the ability to tap TARP funds. Thursday morning, the firm -- owned by Cerberus Capital Management LP and General Motors Corp. -- announced like so many others that it applied to the Federal Reserve to become a bank...

Posted on November 20, 2008 10:37 AM

BofA's Ken Lewis: Big Three should be Big Two (from Corporate Dealmaker)

In a lunch meeting at the Detroit Economic Club on Tuesday, Bank of America Corp. CEO Ken Lewis (pictured) said he would only favor a bailout for cash-leaking Big Three automakers General Motors Corp., Chrysler LLC and Ford Motor Co. if it were to yield major consolidation in the industry....

Posted on November 19, 2008 9:27 AM

Triarc completes Wendy's deal; can franchisees fund renovations? (from Corporate Dealmaker)

For a glimpse of one of the million ways the credit crisis affects plans in the real  economy, think about the newly merged Wendy's/Arby's Group Inc. On Monday, Triarc Cos. completed its $2.34 billion acquisition of Wendy's International Inc., the third-largest hamburger fast-food chain behind McDonald's Corp. and Burger King...

Posted on September 30, 2008 12:46 PM