GM's Divorce From Allison Gets a Flat
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Deal is delayed as private equity group has trouble finding financing.
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Tribune staff reporters Geoff Daugherty, Susan Chandler and Gary Washburn contributed to this story. Its financial situation steadily deteriorating, the parent of ATA
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The number 1 U.S. automaker slides as investors anticipate December sales results to be weak.
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General Motors Corp., the world's biggest automaker, said Wednesday its net income fell 37 percent in the fourth quarter, led downward in part by continued struggles at its European operations. But the results beat Wall Street expectations and its shares rose nearly 2 percent.
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SHENZHEN, China  - In his dim two-room flat, Huang Renzhong showed a visitor a Mickey Mouse statuette and explained how creating Disney figurines during 15-hour work days in a grim factory led to a $90,000 lawsuit.
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The price of success takes it toll on Grand Theft Auto publisher as share price dips on the Nasdaq; analysts look for what&#39;s due post-GTA.
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TONY EASTLEY: Japanese carmaker, Mitsubishi Motors, is nothing if not optimistic. In just six months, the battered company has lost more than $1.
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Billionaire investor Kirk Kerkorian sold his stake in General Motors Corp.  after deciding that he did not want to participate in a lengthy fight with management for control of the world's biggest car maker, according to a report in the Wall Street Journal.
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The Indy Racing League will lose another part of its &quot;American&quot; heritage following General Motors&#39; decision to withdraw from the open-wheel series following the 2005 season.
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General Motors Corp.  on Thursday said it reached a deal to sell its Allison Transmission unit for $5.6 billion to private-equity firms Carlyle Group and Onex Corp.
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She got the house and he got the Honda. The problem in Augusta and Randy Roman's divorce came over the little things &#151; the really little things. Frozen embryos that they once hoped would bring them children.
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General Motors Corp.  said on Thursday that it expects earnings this year to fall, due in part to weaker profits from its financial services arm.
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General Motors Corp.  on Thursday  said it reached a deal to sell its Allison Transmission unit  for $5.6 billion to private-equity firms Carlyle Group and Onex  Corp.
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TALLAHASSEE, Fla. - It took Robert G. Swofford Jr. more than a month to come forward and claim his $60 million Lotto prize, but he had to take care of some unfinished business - divorcing his wife.
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General Motors Corp.  swung to a profit in the fourth quarter but fell short of Wall Street expectations on mounting mortgage losses from its former finance unit.
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Suzy Welch, a former editor of the Harvard Business Review and the wife of John F. Welch Jr., the former chief executive of General Electric, has agreed to sell the rights to her book â10-10-10â to Scribner, an imprint of Simon & Schuster. A person involved in the negotiations said that Scribner paid Ms. Welch a price in the seven figures for world and audio rights to the book. Based on an article Ms. Welch wrote for O, the Oprah Magazine, in 2006, the book offers strategies for making decisions in which people think about what the consequences of a decision will be in 10 minutes, 10 months and 10 years. Robert Barnett, a Washington lawyer, negotiated the deal on behalf of Ms. Welch. Nan Graham, editor in chief of Scribner, will edit the book with Samantha Martin. Ms. Welch, who wrote the best-selling âWinningâ with Mr. Welch, said she originally thought there wasnât a book beyond the article. But, she said, âI began to encounter this hunger for people who were using it to play out its nuances.â She said the book would include examples from her own life as well as others she has observed using the â10-10-10â process. Susan Moldow, publisher of Scribner, said that although Ms. Welchâs article might seem sufficient for those who wanted to know about the strategy, Ms. Moldow believed the book would sell well. âThe Scarsdale Diet fit on a Xerox-ed sheet that you could fit on the front of a refrigerator,â Ms. Moldow said. âAnd it sold millions and millions of copies. Itâs often true that when something strikes an immediate âAha!,â you really want to have time to meditate on it and try to get to know more about it.â.
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Fiat (FIA) and General Motors (GM) will move to mediation after executives failed to reach agreement over the Italian company&#39;s option to compel GM to buy its troubled auto division.