Keith Laing The Detroit News Published 12:01 AM EST Dec 17, 2018 Washington — The furious backlash against General Motors Co.’s restructuring, delivered by official Washington, may be a harbinger of things to come. Even as the Detroit automaker executes a plan to cut 8,000 salaried employees, idle four U.S. plants and imperil 3,300 hourly workers, its crosstown rivals are quietly reshaping their footprints to account for dramatically shifting demand and to bolster their cash hoards to fund next-generation technology. The result is likely to be frustration, confusion and yet more pushback from constituencies outside the executive suites: Why are automakers booking billions in North American profits on fatter profit margins acting like companies desperately managing an imminent recession? And how can they justify the actions when two of Detroit’s three automakers owe their survival to U.S. taxpayers amid the global financial meltdown? GM and … [Read more...] about New GM faces old headwinds in D.C.
Tax credit for first time home buyer 2015
Gallery: Growth forecast, cloudier than expected +8 more photos More Info Home valuesHistorically low interest rates, paired with the rapid increase in local property values enticed many to buy into the downtown market. Local and national experts, however, are beginning to warn of a downturn.Downtown Homes 2012Median sales price: $92,000Percent of original list price received: 90.9 percentDays on the market until sale: 131Downtown Homes 2018Median sales prices: $226,250Percent of original list price received: 95.9 percentDays on the market until sale: 38Source: Greater Chattanooga Realtors Association More Info Falling behind in the contest for capitol and talentThe Chattanooga metro area is struggling on some key economic measures, according to a data analysis by Harvard University and the U.S. Economic Development Administration, which scored more than 900 U.S. metros areas on their economic performance.› The metro Chattanooga gross domestic product per capita, an … [Read more...] about Growth forecast, cloudier than expected
Nawaplastic still hungry for Binh Minh Plastic shares Owning a dominant stake in Binh Minh Plastic (BMP) did not quench Nawaplastic Industry Co., Ltd. (Nawaplastic)’s thirst for BMP shares. Most recently, Nawaplastic registered to buy an additional 1.17 million BMP shares to increase its holding to 44.525 million shares, equalling 54.39 per cent of the charter capital. The transaction is expected to occur between June18 and July16. The registered share volume is the remaining part of the 2.86 million shares that Nawaplastic failed to buy during previous transactions. Notably, Nawaplastic registered to buy 2.86 million BMP shares during transactions on May 14-June 12, however, the Thai investor ended up buying 1.69 million of the registered shares as BMP did not match Nawaplastic’s target price. BMP manufactures and trades civil and industrial products made of plastic and rubber. The company also designs, manufactures, and trades in plastic moulds for the casting industry; … [Read more...] about BUSINESS IN BRIEF 19/6
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Advertisement Supported by ByKevin Sack June 14, 2018 ATLANTA — The leading Republican candidate in Georgia’s high-profile governor’s race, Lt. Gov. Casey Cagle, bought a condominium in downtown Atlanta 10 years ago from a State Capitol lobbyist, seemingly at a discount, a New York Times investigation has found. Real estate records show that Mr. Cagle, who faces a runoff for the Republican nomination on July 24, purchased the one-bedroom apartment at 24 percent less than its appraised value — below comparable sales prices — and sold it last year at a 29 percent profit. He was preparing for his first run for governor when, without an agent, he negotiated the deal with Terry E. Hobbs, a longtime lobbyist who represents the natural gas marketer Scana. As lieutenant governor, Mr. Cagle presides over the Senate and … [Read more...] about Candidate for Georgia Governor Bought Condo From Lobbyist
Share Tweet Plus One Pin It Email Print By: Mukesh Chand May 22, 2018 9:56 am Change Font Size India’s bad account market is turning good. Investors are upbeat and banks are also looking for alliances to start funds. Huge amount of money from global and domestic capital market is being pumped-in in stressed assets market in India. Big assets undergoing Corporate Insolvency Restructuring Process (CIRP) under Insolvency and Bankruptcy Code, 2016 (IBC) are hot targets. Funds are hoping for big in next round of big tickets cases which might end up before National Company Law Tribunal (NCLT) under IBC especially power, engineering, and hospitality sector. Fund Tie-ups: BlackRock Inc, which manages assets worth more than $6.3 trillion is reported to be entering Indian stress assets market and targeting to raise $2.5 billion. BlackRock will thus be joining the big players such as Blackstone, KKR, Apollo Global, Baring and so on. Blackstone has already acquired … [Read more...] about Bad Is Turning Good- From SICA To IBC-The Journey Of Bad Loans In India