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- BRIDGEVILLE, Pa., Oct. 23, 2008 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) reported today that sales for the third quarter of 2008 were $57.6 million compared with $62.0 million in the third quarter of 2007. Net ...
- DETROIT, Oct 21 (Reuters) - Finance company GMAC has told some General Motors Corp dealers they will have to begin paying off older inventory, a step a major dealer group is protesting as an unfair tightening of credit that could prompt dealer ...
- SAN FRANCISCO , Oct. 21 /PRNewswire/ -- Bacchus Capital Management, LLC, a San Francisco -based investment firm providing mezzanine and equity capital to wineries and wine businesses, has provided mezzanine financing to Cameron Hughes Wine , a wine ...
- DETROIT (Reuters) - Finance company GMAC (nyse: GJM - news - people ) has told some General Motors Corp (nyse: GM - news - people ) dealers they will have to begin paying off older inventory, a step a major dealer group is protesting as an unfair ...
- NEW YORK — As bank-to-bank lending rates slide lower, the credit climate is looking a bit brighter — at least for stronger companies. The fear of a complete shutdown in lending is fading, but there remains a sense that when it comes to getting ...
- HAWTHORNE, N.Y., BUSINESS WIRE -- STORM Networks, LLC, solutions provider for the global financial services industry, today announced the introduction of a new online application service platform for buy and sell-side institutions participating in ...
- Circuit City ( CC Quote - Cramer on CC - Stock Picks ) is considering a plan to close at least 150 stores and cut thousands of jobs as an alternative to filing for bankruptcy-court protection, according to a published report. Earlier this month, the ...
- DETROIT — They may be folks you love to hate, but it's hard not to have sympathy for car dealers these days. These business owners are manning the bucket brigades in an auto industry meltdown. "Things are going disastrously," says Ray Ciccolo ...
- About six years ago, Helmut Panke, then the incoming chief executive of BMW AG, forecast a new direction for the auto market. The auto market, Mr. Panke said, would be shaped like an hourglass . There'd be a lot of sales at the bottom, fewer sales ...
- T he furniture industry has become something of a scratch-and-dent event in recent years. Long before the credit crunch went global, furniture stores were getting banged around as the once-hot housing market began to chill, and consumers began using ...
- As many as 2,206 affordable homes could be developed on nonceded lands in the region mauka of Kmart -- if the selected developer can come up with a financing plan. Ironically, a similar proposal by the same agency to finance 2,500 affordable homes ...
- Harley-Davidson Inc. -- stung by slumping sales as strapped consumers cut back on big toys -- is also being pressured on its lending side by the turmoil in the credit markets. The motorcycle maker's problems illustrate how companies with so-called ...
- DETROIT -- Another 1,600 workers at three General Motors Corp. factories will be laid off indefinitely over the next few months as the company tries to control its inventory amid a worsening U.S. sales slump. About 700 workers at GM's pickup truck ...
- ATLANTA, Oct 16, 2008 (BUSINESS WIRE) -- Eleven weeks after the bankruptcy confirmation of Manchester, Inc., Navigator Holdings LLC (Navigator) has completed its turnaround efforts and has become a viable, solvent company with positive cash flow. The ...
- But the consensus among analysts as companies such as Caterpillar Inc and Harley-Davidson Inc prepare to report earnings is they are less at risk for the kind of big, finance-driven disappointment GE recently delivered -- although financing their ...
- Two of the three major U.S. stock indexes posted gains Tuesday morning after President George W. Bush said the federal government would spend as much as $250 billion to buy ownership in U.S. banks. The president also announced that the Federal ...
- The stock markets closed in the red Tuesday as investors returned to a selling mood shortly after President Bush said the federal government would spend as much as $250 billion to buy ownership stakes in U.S. banks. The course of action announced ...
- WHITE PLAINS, N.Y. , Oct. 14 /PRNewswire-FirstCall/ -- Drew Industries Incorporated DW today announced that David L. Webster , age 72, will retire as Chairman, President and Chief Executive Officer of Kinro, Inc., Drew's subsidiary, by December 31 ...
- The Federal Reserve and U.S. Treasury may be moving to buttress America's banks and keep the loans flowing. But General Motors Acceptance Corp. , the finance company that is 51%-owned by Cerberus Capital Management and the rest by General Motors ( GM ...
- Intel Corporation today announced record third-quarter revenue of $10.2 billion along with operating income of $3.1 billion, net income of $2 billion and earnings per share (EPS) of 35 cents. “ Intel delivered the best third-quarter revenue in its ...
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