USA

Despite the slew of large corporate insolvenciesthat have sent shockwaves through the business world in recent years, only a small portion of

Chinese importer Fiamma Leather, is offering a new service that gives retailers 60-day, interest-free financing on finished goods as they are shipped from China to dealers

The sale of the Capital Group loan portfolio, consisting primarily of "factoring" type loans, will result in a first quarter 2006 gain on sale of approximately

General Motors could show tangible progress by the end of March in its efforts to sell a stake in its finance arm, Fitch Ratings said yesterday

General Motors' attempt to sell a US$10bn-US$15bn stake in its finance arm might be in difficulty , Moody's, a credit rating agency, warned yesterday

General Motors Corp. may cut its dividend for the first time in more than 13 years, and will likely review bids for a majority stake in its finance arm, analysts said, as its board of directors

Charles Prince, chief executive of Citigroup, yesterday shed some light on the bank's involvement in the auction for General Motors Acceptance Corp (GMAC), which is entering its final stages

The company can now be fluid in capital as it prepares to double sales in the next 90 days

Both the Wall Street Journal and Bloomberg are reporting that that a group may bid between US$11 billion and US$15 billion for GM's finance arm, GMAC

In the wake of General Motor’s (GM’s) dismal financial release, analysts have eagerly re-initiated their frenzy of speculation over the looming sale of a controlling stake of GMAC