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  • GM hit by bankrupcy threat

    Jul 04, 2008 12:01 PM

    Shares in General Motors collapsed this week to their lowest level in 50 years when a leading bank said the car giant could become bankrupt.
    John Murphy, a leading analyst at Merrill Lynch, said: "Bankruptcy is not impossible if the market continues to deteriorate and significant incremental capital is not raised."
    The share price closed at $9.98 on Wednesday, compared with a high of $93.60 in April 2000....Read the full article
  • Re: GM hit by bankrupcy threat

    Jul 04, 2008 12:02 PM

    Isn't there a 't' in bankruptcy?

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