Goldman Sachs Likely Not GM's IPO Lead Underwriter

In a major blow to its once gold-plated investment banking department, Goldman Sachs will likely not be appointed as a lead underwriter on the upcoming initial public offering for General Motors, FOX Business has learned...

Obama Aid Signals Deal With ‘Devil’

President Barack Obama, in less than five months in office, kicked out the head of General Motors Corp., scored a majority stake in Chrysler LLC for the United Auto Workers and stiffened U.S. fuel-mileage standards.

www.bloomberg.com

GMAC Said to Get $7 Billion to Fund Chrysler, GM Customers

GMAC LLC, the auto and home lender that was bailed out in December, will receive more than $7 billion in government funds to provide financing for customers of Chrysler LLC and General Motors Corp., according to two people familiar with the matter..

www.bloomberg.com

General Motors may file bankruptcy, leave Detroit

General Motors is open to considering moving its headquarters from Detroit, selling off U.S. plants and even renegotiating parts of its restructuring plan with its major union, the new chief executive said Monday..

www.cnbc.com