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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: government loans

government loans stories: 2 news summaries

 GM to Cut 21K US Factory Jobs 

Firm restructuring in bid for more government aid

Apr 27, 09 8:53 AM CDT
(AP) - General Motors will cut 21,000 US factory jobs by next year, phase out its Pontiac brand, and ask the government to take company stock in exchange for half of GM's government debt as part of a major restructuring effort needed to get more government aid, the firm said today.... More »

MORE ABOUT:
United Auto Workers • General Motors • bond trading • debt • recession • stock • restructuring • job cuts • government loans

(Newser) - After a meeting today with the administration's top economic officials, President Obama said he’s starting to see “glimmers of hope,” Bloomberg reports. The president noted that government loans to small business are up but cautioned, “We’ve still got a lot of work to do.”... More »

MORE ABOUT:
recession • unemployment • economic stimulus package • Obama administration • President Obama • economic downturn • factory orders • government loans

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