WASHINGTON — The US Treasury has said it reached an agreement to sell the government's stake in Chrysler Group for an estimated $560 million to Italian automaker Fiat.
CHICAGO — Chrysler on Thursday detailed a $7.5 billion refinancing plan that will allow it to pay off government loans and expand Fiat's stake in the US automaker.
WASHINGTON – Bailed-out insurance giant AIG repaid $6.9 billion of a US government bailout Tuesday, using proceeds from the sale of its stake in industry rival MetLife, the US Treasury said.
SAN FRANCISCO (Reuters) - Investment firm General Atlantic is investing in Facebook, valuing the leading social network at $65 billion, representing a 30 percent boost from its last big investment in January, according to a report on CNBC.
British energy giant BP is speeding up the sale of up to 20 billion dollars (15.5 billion euros) of assets in a bid to boost funds after the Gulf oil spill, the Financial Times reported Friday.
British energy giant BP is speeding up the sale of up to 20 billion dollars (15.5 billion euros) of assets in a bid to boost funds after the Gulf oil spill, the Financial Times reported Friday.