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RD Today => All the News => Business News => Topic started by: riky on November 29, 2008, 08:02:19 AM

Title: General Motors eyes debt swap: report (Reuters)
Post by: riky on November 29, 2008, 08:02:19 AM
General Motors eyes debt swap: report
    (Reuters)

 


Reuters - General Motors Corp  is pushing some bondholders to swap their debt for equity, as Chief Executive Rick Wagoner tries to keep the automaker out of a Chapter 11 bankruptcy that would likely cost him his job, The Wall Street Journal said late Friday, citing people familiar with the plan.


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