The Morning Download


GM Bankruptcy Will Be a Dickensian Tale of Best of Assets, Worst of Assets

Hopes rise for fast GM bankruptcy exit Bondholders give way on 11th-hour offer

  • GM in Last Lap to Chapter 11 GM faces a trip to bankruptcy court, with the Obama administration pushing through a restructuring that will cost taxpayers billions of dollars more than previously envisioned and turn the auto maker into a government ward. UAW Defends GM Plan Fiat Bows Out of Opel Meeting Mean Street: Brand-New GM, Same Old UAW Heard: After the Crash, No Let Up for Detroit Opinion: Plan Looks Like a Raw Deal
  • UAW Defends GM Plan
  • Fiat Bows Out of Opel Meeting
  • Mean Street: Brand-New GM, Same Old UAW
  • Heard: After the Crash, No Let Up for Detroit
  • Opinion: Plan Looks Like a Raw Deal

Dell Warns PC Market Hasn’t Hit Bottom Dell posted a 63% drop in quarterly profit, warning that the personal computer market has yet to hit bottom.
Bernanke’s Bid to Revive U.S. Housing Scuttled by Climbing Rates, Defaults

New debt fears over commercial property Subprime echo in threat to CMBS ratings
European Loan Growth Was Slowest on Record in April as Banks Remained Wary

House Prices in U.K. Rise Unexpectedly as Market Improves, Nationwide Says

Emerging-Market Bonds Head Toward Biggest Rally Since Lula’s 2002 Election 

Goolsbee Says Obama Prevented Depression, Now Needs Patience From Public
AOL Is Worth Half of Facebook, 5% of Google as $124 Billion Merger Undone 
Facebook’s Russian Investor Ignites Debate Over Value of Social Web Sites
Google Android Phones Must Play ‘Catch-Up’ in Japan’s Wireless Wonderland

Recovery not as easy as U, V, W If I consult my shorthand notebook I find that the economic rebound will be ‘bank-shaped’

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