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GM
sweetens financing for mid-size SUVs
New York: General Motors extended 0 per cent financing
offers on three of its popular mid-size sport utility
vehicles, to five-year terms from three years, to try
to boost sales, a spokesman said.
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Kmart
seeks $5-m loan repayment from ex-CEO
Chicago: Kmart will try to make its former chief executive,
Charles Conaway, repay a $5m loan after alleging he failed
to warn directors of liquidity problems in the months
before the company’s bankruptcy filing, a lawyer
for the retailer said on Tuesday.
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NRI
firm sues California firm for breach of contract
Washington: A defence contracting firm of an Indian-American,
Ram Reddy, has initiated legal action against a California
company for allegedly violating a contract pertaining
to an order to supply weapons locating radars to India
for which it had done all the ground work.
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Umberto
Agnelli to step into hot seat at Fiat helm
Milan: Umberto Agnelli, twice sidelined from the top
job at Fiat, on Friday is set to finally become its chairman
amid its worst crisis ever, taking the reins at the industrial
group his grandfather founded nearly 104 years ago.
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US
records $11-bn budget surplus in Jan
Washington: The US government posted a $11.1bn surplus
in January, but the budget for the year-to-date remained
solidly on the path toward a possible record annual deficit,
the Treasury Department said.
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