UPDATE 1-GM finance unit GMAC files $3 billion debt shelf
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General Motors Acceptance Corp., the finance arm of General Motors Corp. (GM.N: Quote, Profile, Research) , may periodically sell up to $3 billion in adjustable-rate demand notes, according to a regulatory filing on Friday.
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The Pension Benefit Guaranty Corp.  will not hold General Motors Acceptance Corp. buyers liable for  General Motors'  employee benefit plans, clearing a  hurdle in the sale of the auto maker's finance arm, according  to a GM regulatory filing on Thursday.
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After reporting a $39bn loss, due to huge accounting charges, GM says its performance was "inadequate".
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Bond insurer Ambac Financial Group Inc   on Tuesday reported a quarterly loss of $3.3 billion  after recording massive credit derivative write-downs and  setting aside more money for credit losses.
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General Motors Acceptance Corp., the former finance arm of General Motors Corp. , on Tuesday said it would receive another $1 billion from GM and warned it would be hit by pressure from a weakening market for U.S. mortgages.
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DETROIT - General Motors Corp. and Ford Motor Co...
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General Motors Corp.  was warned of another possible cut in its debt rating on Monday, a day after the world's largest automaker said it would spend about &#36;2 billion (1.55 billion euros) to end its troubled alliance with Fiat Spa .
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General Motors Corp  on Wednesday reported global sales of 9.37 million vehicles in 2007, sharing the mantle of the world's largest automaker with Japanese rival Toyota Motor Corp  for the first time in 76 years.
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General Motors reveals that the US financial watchdog wants to check the figures used in its latest results.
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General Motors Corp. could take a $1 billion charge in the second quarter in relation to its financial exposure to Delphi Corp , GM spokeswoman Renee Rashid-Merem said on Thursday.
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General Motors Corp.  said on  Thursday that U.S. sales rose 3.4 percent in February, driven  by an increase in retail sales, but set its target for  second-quarter production 5 percent lower than a year ago.
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U.S. corporate bond spreads ended a  touch wider with bonds of General Motors GM.N coming under  significant pressure on Tuesday, while ongoing demand for  higher yield kept new issues rolling in, market players said.
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Bond insurer Ambac Financial Group Inc   on Tuesday reported a quarterly loss of $3.3 billion  after credit derivative losses totaling $5.2 billion.
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NOVEMBER 04, 2004 (IDG NEWS SERVICE) - MCI Inc. reported a $3.4 billion third-quarter loss today, due mainly to a write-off of the value of its assets, as the company&#39;s efforts to recover from bankruptcy were
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Ambac Financial Group Inc  on Tuesday reported a quarterly loss of $3.3 billion after recording massive credit derivative write-downs but its shares surged after the bond insurer said it could be close to raising much-needed new capital.
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Bond insurer Ambac Financial Group Inc  on Tuesday reported a quarterly loss of $3.3 billion after recording massive credit derivative write-downs and setting aside more money for credit losses.
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General Motors Corp. will offer its broadest and longest spread of interest-free loans later this month when it holds a three-day sale to clear inventories of 2004 model-year vehicles, dealers said on Tuesday.