Cerberus says GMAC may face difficulty: report
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GMAC LLC, the auto and mortgage lender controlled by Cerberus Capital Management LP , may face "substantial difficulty" if credit markets do not improve, Cerberus founder Stephen Feinberg wrote in a January letter to investors, Bloomberg News reported on Thursday.
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Â· Conservative leader's promise contradicts reportÂ· Increasing material gain can be burden, says group
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By John Nolan Staff Writer  FAIRBORN -- Computer Sciences Corp.'s contract to do a worldwide modernization of the Air Force's computer systems for logistics, acquisition, personnel and supplies management is both a gold mine and a challenge for the region.
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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 regulator said broad problems raised questions about the reliability of the mortgage finance company's management.
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My Dad was a repo man for GMAC, the lending arm of General Motors. At 3, I couldn&#146;t tie my shoes but knew that if you didn&#146;t pay your auto loan on time, Dad would come to your house at 2 a.m. and steal your car. I vividly remember his tales of being chased by large German shepherds and gun-wielding ...
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A new report released by an American Physical Society (APS) Special Committee on NASA Funding for Astrophysics has questioned the space agency's Moon, Mars and Beyond initiative. The APS assessment warns that t  he cost of overcoming technological challenges to make real the plan could far exceed budgetary projections and that numerous&nbsp;approved science programs could be jeopardized.
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According to a new Burton Group report, Google&#39;s hosted applications are not ready for the big leagues, but at least one analyst is countering that the report is overly pessimistic.
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Ford Motor Co.  had preliminary  talks with Cerberus Capital Management about selling Cerberus  its Jaguar and Land Rover brands, but the discussions have been  inconclusive, according to a report on the website of The Wall  Street Journal.
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General Motors Corp. (GM.N: Quote, Profile, Research) said on Friday it may not dump Stelco Inc. (STEa.TO: Quote, Profile, Research) as a supplier even though Canada&#39;s
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U.S. financial services firm GMAC is  preparing to spearhead a bid for British mortgage lender  Northern Rock , according to Britain's Sunday Times  newspaper.
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Morgan Stanley's  Discover Financial Services unit may struggle to gain more acceptance among merchants and higher transaction volumes after its spinoff, financial publication Barron's reported in its July 2 issue.
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Chinese company Shanghai Automotive Industry Corp. may be ready to step in to save ailing car manufacturer MG Rover, a media report said.
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BOSTON - The U.S. government's Computer Emergency Response Team (US-CERT) and software security companies have issued warnings about a number of security vulnerabilities in versions of Oracle Corp.'s software.
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The US space agency says the veteran Mars Global Surveyor spacecraft is probably lost and unrecoverable.
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Finance company GMAC on Wednesday said it would restructure its auto finance unit, cutting about 930 jobs and closing offices to conduct business from five regional offices in North America.
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Security researchers say Google may be on to something with its research on whether IIS servers are more likely to be vulnerable to malware. But there could be a plethora of reasons why that's the case.