Business

General Motors
5:12 pm
Mon November 15, 2010

Background on the GM IPO story

The old GM Headquarters in Detroit.
Historic American Buildings Survey

General Motors (GM) will be in the news a lot this week, so if you sat out the GM story up until this point, here's a quick summary to get you caught up.

Today's General Motors is not your father's General Motors. The old GM went bankrupt. The company couldn't pay its bills (they had some big ones).

But instead of letting the whole company collapse, a court stepped in to reorganize the auto giant (under chapter 11 bankruptcy).

The court split the old GM in two.

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Recession
9:03 am
Fri September 17, 2010

Follow that cute little toxic asset

A not-so-lovable little creature. NPR's Planet Money's toxic asset creature.
NPR's Planet Money

The team at NPR's Planet Money has come up with another way for us to understand the financial crisis. They bought a pet.

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Economy
11:34 am
Thu August 26, 2010

Home sales sign of improvement in Michigan's economy

A home being built in Norfolk, VA
Ryan Steinhour U.S. Navy

(by Rina Miller, Michigan Radio)

Michigan actually fared better in new home sales than other parts of the nation.  Some economists say improvements in the auto industry are helping stabilize Michigan's economy.

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