Money Pains

Barring a last-minute breakthrough, Chrysler appears headed for bankruptcy today as the only remaining way to stay in business, but just 25% of Americans say they would buy an automobile from a bankrupt automaker.

April 30 — The yen rose against the euro and the dollar after the Wall Street Journal reported Chrysler LLC’s talks to avoid bankruptcy have broken down, spurring demand for the safety of Japan’s currency.

Chrysler Talks Collapse, Bankruptcy Imminent: WSJ

DETROIT — Talks between Chrysler LLC’s lenders and the Treasury Department to reduce the automaker’s $6.9 billion in secured debt and keep it out of bankruptcy protection have disintegrated, a person familiar with the talks said early Thursday.

April 30 — The yen rose after the Wall Street Journal reported Chrysler LLC’s talks with the Treasury Department to avoid bankruptcy have broken down.

April 30 — Chrysler LLC’s talks with the Treasury Dept. to avoid bankruptcy broke down today, the Wall Street Journal reported, citing people familiar with the matter.

PARKERSBURG – It is the $12 million elephant in the room. Wood County Schools officials said Tuesday if something is not done about the Other Post-Employment Benefits liability this year, the school system will owe $12 million by the end of 2010 and be operating in a deficit. The school system already has a planned $2.

April 29 — President Barack Obama aims to announce tomorrow that Chrysler LLC will be placed into Chapter 11 bankruptcy that would lead to an alliance with Italian automaker Fiat SpA , people familiar with the situation said.

U.S.

AUBURN HILLS, Mich., April 29 — U.S. auto giant Chrysler LLC would have its management shifted from Michigan to Italy in the event of bankruptcy, people connected to the negotiations said.