Automotive dominoes: As goes GM, so goes Lear …
Filed under: Company News
On Wednesday, Lear Corp. (LEA) announced that it has filed for Chapter 11. This bankruptcy is supported by key lenders and bondholders; Lear has secured $500 million in debtor-in-possession financing from its creditors, including JP Morgan Chase and Citigroup.
Lear, a Fortune 500 company that supplies auto seats, car interiors and electrical components, is the 11th largest global parts supplier and the second largest automotive seat manufacturer. It is also the most recent of an estimated twenty auto parts suppliers who have had to apply for bankruptcy protection in the last year.
Continue reading Automotive dominoes: As goes GM, so goes Lear …
Automotive dominoes: As goes GM, so goes Lear … originally appeared on DailyFinance on Thu, 02 Jul 2009 12:30:00 EST. Please see our terms for use of feeds.
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Automotive dominoes: As goes GM, so goes Lear …
Tags: and-bondholders, bankruptcy, car-interiors, largest-global, lea, lear, morgan-chase, news, second
Rupert Murdoch denies he’s interested in the New York Times
Filed under: Company News, Media
Media mogul Rupert Murdoch is shooting down speculation that he is interested in acquiring his nemesis The New York Times Co. (NYT).
Speaking to TheStreet.com, the News Corp. (NWS) Chief Executive Rupert Murdoch denied reports by Vanity Fair’s Michael Wolff that he covets what he views as the symbol of liberal mainstream media. A combination of the Times and Murdoch’s Wall Street Journal has been discussed ever since the tycoon snapped up the paper’s parent company, Dow Jones & Co., for $5.6 billion in 2007.
Continue reading Rupert Murdoch denies he’s interested in the New York Times
Rupert Murdoch denies he’s interested in the New York Times originally appeared on DailyFinance on Thu, 02 Jul 2009 12:00:00 EST. Please see our terms for use of feeds.
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Rupert Murdoch denies he’s interested in the New York Times
Tags: and-bondholders, chief-executive, media, murdoch, shooting-down, street, sulzbergerfamily, twx, tycoon-snapped, wall street journal
