Posts Tagged ‘1 billion’
General Motors Acquires Delphi Steering; You’re Tax Dollars at Work
Tuesday, March 3, 2009 16:46 12 CommentsGeneral Motors has announced the acquisition of Delphi’s steering operations. Terms of the deal were not yet disclosed, though GM agreed to increase its credit commitments to Delphi to $450 million from $300 million, effective March 24.
GM gained media attention recently for essentially black mailing the US government for an extra $17 billion on top [...]
Jefferson County, AL Can’t Make $636 million Debt Payment
Wednesday, February 25, 2009 8:04 2 CommentsAlabama’s Jefferson County is unable to make a $636 million sewer debt payment due Friday. The county will hold an emergency meeting to vote on an extension request which they hope will buy some time.
The county was recently downgraded by the ratings agencies which resulted in accelerated principal and interest payments due to banks. The [...]
