GM’s Opel rescued in global deal
A Canadian auto parts supplier has come to the rescue of German carmaker Opel, negotiating a deal with the German government that will save the company from insolvency.
Archive for May, 2009
Long-time BofA director steps down
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What’s GM worth?
Once the bankruptcy process at General Motors plays itself out, what will the company be worth?
Stocks: Best 3-month run since ‘07
Stocks ended a choppy session higher Friday after a late-session rally pushed the major indexes to their biggest three-month run since 2007.
Mortgage rates staying above 5%
Mortgage rates burst past the 5% mark for a 30-year fixed-rate loan late in May, peaking at an average of 5.45% on Thursday. It was the highest level reached by mortgage rates this year, but on Friday they fell back to 5.27%.