GMAC to Receive $6 Billion from Uncle Sam
New York (HedgeCo.Net) – GMAC LLC, the financing arm of struggling U.S. automaker GM, will receive $6 billion from the federal government. The deal entails the treasury purchasing $5 billion in senior...
View ArticleJapan pension funds cut domestic stock holdings
Reuters – Japanese corporate pension funds have been cutting their domestic stock holdings and buying more domestic bonds to avoid risky bets amid financial turmoil, a JP Morgan Asset Management survey...
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