GMAC to Receive $1 Billion from G.M.
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DETROIT, March 13  â The General Motors Acceptance Corporation, the former financing arm of the General Motors Corporation, said on Tuesday that it would receive $1 billion more from G.M. under the terms of its spinoff and warned that it would be affected by the weakening market for mortgages.
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The auditor was the vice president of a company that received more than $1.2 million in payments.
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The International Monetary Fund board on Friday agreed to a request by Argentina to reschedule $1 billion in loan repayments, IMF sources said on condition of anonymity.
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China is creating an investment company to make better use of its $1 trillion foreign currency reserves.
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It's part of a plan to cut costs by $1.6 billion between now and March 2008.
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G.E. will introduce a credit card that allows cardholders to forgo a 1 percent cash rebate on purchases and earmark that amount for projects that reduce greenhouse gases.
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The Agriculture Department sent $1.1 billion in farm payments to more than 170,000 dead people over a seven-year period, congressional investigators say.
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Global Building Services Inc., a Newhall, Calif.-based company that provided janitorial services to Target stores in California, Arizona, Nevada and Texas, has agreed to pay $1.
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Finance firm GMAC has to take out a $21.4bn loan to cover its exposure to the sub-prime mortgage crisis.
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General Motors Corp. announced Thursday that the GM Foundation will donate $1 million to the International Response Fund of the American Red Cross to support relief efforts in tsunami-ravaged parts of Asia, India and Africa.
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Ionics Inc., a Watertown water treatment company with global operations, agreed to be purchased yesterday by General Electric Co. for $1.1 billion in cash.
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General Motors Acceptance Corp., the  former finance arm of General Motors Corp. , on Tuesday  said it would receive another $1 billion from GM and warned it  would be hit by pressure from a weakening market for U.S.  mortgages.
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The company said it is selling the unit to Standard Chartered for nearly $1.1 billion so it can focus on its core credit card business.
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G.E. plans to participate in the countryâs âmassive focusâ on energy and will create a fund for infrastructure that could reach $1 billion.
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XM Satellite Radio Holdings Inc.  on Tuesday said that automaker General Motors Corp. plans to make over 1.8 million vehicles with the XM radio-service built-in in 2007.
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The Shanghai Automotive Industry Corporation (SAIC) will pump an estimated Â£1 billion-plus into the company in exchange for a majority share, if the Chinese Government gives the go-ahead in the New Year.
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Company claims one million songs sold since prices were cut.