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  • VIENNA/FRANKFURT, Oct 29 (Reuters) - Austria on Wednesday pledged 500 million euros ($637 million) to underpin the sale of its loss-making airline after bidder Lufthansa asked for a fair split of the carrier's debt. Austria, which wants to sell a 42 ...
    www.forbes.com
  • General Motors posts a $2.5-billion third-quarter net loss. It also signals that it may have only enough cash to fund operations through year's end, leading to speculation about bankruptcy. Posting another multibillion-dollar quarterly loss Friday, General Motors Corp. said it was "cutting to the bone" but may run out of money by early next year without help from the federal government.
    www.latimes.com

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