Investing to Wealth

Stocks, Oil, Metals Rise on Evidence World Recession Easing; Dollar Drops

Hopes rise for fast GM bankruptcy exit Bondholders give way on 11th-hour offer

• GM in Last Lap to Chapter 11

  GM faces a trip to bankruptcy court, with the Obama administration pushing through a restructuring that will cost taxpayers billions of dollars more than previously envisioned and turn the auto maker into a government ward.

  • UAW Defends GM Plan
  • Fiat Bows Out of Opel Meeting
  • Mean Street: Brand-New GM, Same Old UAW
  • Heard: After the Crash, No Let Up for Detroit
  • Opinion: Plan Looks Like a Raw Deal

Dell Warns PC Market Hasn't Hit Bottom Dell posted a 63% drop in quarterly profit, warning that the personal computer market has yet to hit bottom.

•Bernanke's Bid to Revive U.S. Housing Scuttled by Climbing Rates, Defaults

New debt fears over commercial property Subprime echo in threat to CMBS ratings

•European Loan Growth Was Slowest on Record in April as Banks Remained Wary

•House Prices in U.K. Rise Unexpectedly as Market Improves, Nationwide Says

•Emerging-Market Bonds Head Toward Biggest Rally Since Lula's 2002 Election 

•Goolsbee Says Obama Prevented Depression, Now Needs Patience From Public

Recovery not as easy as U, V, W If I consult my shorthand notebook I find that the economic rebound will be ‘bank-shaped’

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