Entries tagged "Chrysler LLC"

Feinberg to bailed out bankers: Cut pay 90%

Obama administration's pay czar, Kenneth Feinberg reportedly has ordered the seven firms receiving the largest sums of government aid to slash pay for the 25 highest-paid employees by up to 90%

Cerberus wants investors in for the long run

Having learned a lesson about fickle investors Cerberus is inserting a three-year lock-up clause into its two new hedge funds.

Busted auto deals drive off Cerberus investors

Months after Cerberus' contrarian bets on Chrysler and GMAC were wiped out, the distressed investor is still seeing clients flee its family of hedge funds.

Coyotes ruling bucks bankruptcy trend

A bankruptcy judge's decision to block the sale of the Phoenix Coyotes is a victory for creditors after losing landmarks cases to Chrysler and Lehman Brothers.

Dealmaking pours as markets struggle

The Dow finished down 24.04, or .27%, to 8,739.02 while the Nasdaq closed down 7.05, or .38%, to 1,853.08.

Chrysler dealerships close up shop

Chrysler's is ending franchise agreements with 789 dealers.

GM's Ch. 11: Gordian's Kaufman on the road ahead

Gordian Group's Peter Kaufman says opposition to a GM reorganization could be larger, more organized and more vocal than Chrysler dissenters.

Proskauer's Marwil on a GM bankruptcy

Proskauer's Jeff Marwil says even though General Motors Corp.'s struck an agreement with major bondholders, that doesn't mean a fast-tracked a bankruptcy process is in the cards.

Claims subordination becomes latest rage

The Chrysler bankruptcy may be notable not only because of its size, but also its place in a trend of filings where secured lenders are subordinated sometimes for political reasons.

Chrysler HQ to become a mall?

If Fiat decides to abandon Chrysler's current headquarters, reports indicate the complex is designed for easy conversion to a mall.

Nardelli familiar with hedge fund fire

Chrysler CEO Robert Nardelli is familiar with the heat that hedge funds can place on management, but he still failed to avoid trouble the second time around.

Chrysler Ch. 11 filing doesn't rattle markets

The Dow slipped in late-day trading, closing down 17.61, or 0.22%, at 8,168.12, while the Nasdaq finished up 5.36, or 0.31%, at 1,717.30.

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