Dec 2nd, 2008 · The Big Three automakers have presented their plans to Congress for how they will restructure themselves to make them worthy of a congressional bailout. Ford says it wants $9 billion in stand-by money; GM has sought $12 billion.
Nov 20th, 2008 · After the Big Three auto executives spent two days seeking support on Capitol Hill for a bailout, the grand finale is no finale at all. Democratic leaders say they are delaying a vote until the auto companies present a plan on how they will restructure their business.
Nov 19th, 2008 · The Big Three automakers are petitioning Congress for a $25 billion lifeline, but growing opposition makes the outlook for the bailout uncertain. Analysts say both Ford and GM will need to restructure and continue their efforts to focus and improve their product lineup regardless of whether government help comes through.
Nov 10th, 2008 · The government is providing new financial assistance to troubled insurance giant American International Group. It includes pouring $40 billion into the company in return for partial ownership.
Mar 25th, 2008 · The former head of troubled mortgage lender Countrywide hopes to cash in on the mortgage crisis with a new venture. Stanford Kurland is heading up a company called PennyMac, which buys and restructures distressed mortgages.
Nov 27th, 2007 · A new report by the U.S. Conference of Mayors forecasts more home foreclosures in 2008. So mayors have set priorities to get constituents to contact lenders, halt neighborhood deterioration that comes from vacant homes, and urge the mortgage industry to restructure loans.
Mar 28th, 2007 · Citigroup may cut 15,000 jobs as part of a restructuring plan involving the out-sourcing of mid- and upper level jobs in research, investment banking and credit analysis to India.
Oct 10th, 2006 · No sooner had Airbus announced further production delays to its giant A380 aircraft than problems emerged with two other crucial programs: The A400M military transport is faces rapidly rising costs and possible delays; and the A350 airliner is said to be under similar threats. A new management team says it needs 15 years to restructure.