Money Pains

April 1 — President Barack Obama believes a quick, negotiated bankruptcy is the most likely way for General Motors Corp.

By the big, brawny, tough-guy standards of Chicago journalism, Geoff Dougherty’s modest Web site might seem little more than a blip.

The government is seeking to ease General Motors into what it calls a ?controlled? bankruptcy, in between a prepackaged bankruptcy and court chaos.

The top federal bankruptcy judge in New York on Tuesday defended Chapter 11 bankruptcy protection as a means for companies to preserve jobs and shed money-losing units in an orderly manner.

April 1 — The yen rose from a four-week low against the dollar on signs U.S. President Barack Obama will let U.S

President Barack Obama has determined that a prepackaged bankruptcy is the best way for General Motors Corp to restructure and become a competitive automaker, Bloomberg reported, quoting people familiar with the matter.

April 1 — The yen strengthened on speculation President Barack Obama will let U.S. automakers go bankrupt, reviving demand for the Japanese currency as a refuge from the global financial crisis.

April 1 — The yen strengthened on speculation President Barack Obama will let U.S. automakers go bankrupt, reviving demand for the Japanese currency as a refuge from the global financial crisis.

NEW YORK – A possible bankruptcy plan being discussed for General Motors includes quickly forming a new company of the automaker’s most profitable parts, while a group of other units would remain under bankruptcy protection for a longer period, a source familiar with the plans told Reuters on Tuesday.

President Barack Obama has determined that a prepackaged bankruptcy is the best way for General Motors Corp. to restructure and become a competitive automaker, Bloomberg reported, quoting people familiar with the matter.