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- What does the possibility of a Chapter 11 filing by General Motors mean for law firms that depend on Detroit's business? The big question for law firms is which will be left standing in the wake of "massive consolidation," says one law firm CEO, adding that, in the meantime, the turmoil creates a lot of legal work. Another CEO notes that the auto industry downturn has existed for the past ...
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- NEW YORK -- The credit markets revealed both good news and bad this week: There's finally more cash in the financial system, but people aren't putting it to use yet. Bank-to-bank lending rates have fallen for 20 straight days -- suggesting that ...
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- LONDON (Reuters) - Three big European credit insurers have removed cover from suppliers of troubled U.S. carmakers General Motors and Ford Motor , the Financial Times reported on Friday.
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