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Ford's May Sales Fall 24 Percent

Posted: 06/02/2009 - Ford Motor Co. says its sales fell 24% in May from a year ago, but sales rose 20% from April as the automaker continues to gain market share from its U.S. competitors now under bankruptcy protection.

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Pending Home Sales Rise 6.7 Percent In April

Posted: 06/02/2009 - Pending U.S. home sales in April posted the biggest monthly jump in nearly eight years, a sign that home sales are finally coming to life after a long and painful slump.

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GM Bankruptcy Raises Questions

Posted: 06/02/2009 - The government ownership of a majority of General Motors raises new questions about capitalism, politics and the economy.

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JPMorgan Chase To Raise $5 Billion To Repay TARP

Posted: 06/01/2009 - JPMorgan Chase & Co. plans to raise $5 billion through a common stock offering as it seeks to repay the $25 billion that the bank was awarded in the government's troubled asset relief program.

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Stocks Rally After Positive Economic Data

Updated: 06/02/2009 - The stock market started June with a rally thanks to more benign economic data. Monday brought better-than-expected readings on manufacturing, consumer spending and construction spending.

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GM To Close Or Idle 12 More Plants

Posted: 06/01/2009 - General Motors Corp. says it will permanently close nine more plants and idle three others to trim production and labor costs under bankruptcy protection.

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GM Bankruptcy Court Filings Begin With NY Dealer

Posted: 06/01/2009 - A General Motors dealership in New York has filed for bankruptcy protection, beginning the wave of court filings expected Monday as the automaker files for legal protection to complete its reorganization.

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Judge Approves Sale Of Most Chrysler Assets To Fiat

Posted: 06/01/2009 - A federal bankruptcy judge has approved the sale of most of Chrysler's assets to Fiat, clearing the way for the American automaker to exit court protection shortly.

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UAW Members Approve General Motors Concessions

Updated: 05/29/2009 - GM is thanking its employees after the United Auto Workers union ratified a package of concessions it says will save the automaker more than $1 billion a year.

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GM Shares Fall Below $1 As Deadline Approaches

Posted: 05/29/2009 - Shares of General Motors Corp. have fallen below $1 for the first time in 76 years as a Chapter 11 bankruptcy filing for the automaker appears increasingly likely.

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