What China Gains from Bailing Out Hummer [View article]
The pickup based Hummer has no future. The only sale happening is fire sale. Now if GM included a secret pact selling that chasis technology to Tengzhong that would be something else.
Why does Tengzhong want Hummer, Perhaps put the logo on their earth diggers ?
Lenovo wrote off $Billion losses on that IBM deal. What it gained is still unclear.
Asian Bond Investors: Beware Asian Legal Systems [View article]
How is it different from GM asking bond holders forgive 2/3 of the debt. A company needs refinance or BK bond holders get hurt either way. Bond holders get paid after accounts payable and other senior debts.
What China Gains from Bailing Out Hummer [View article]
Why does Tengzhong want Hummer, Perhaps put the logo on their earth diggers ?
Lenovo wrote off $Billion losses on that IBM deal. What it gained is still unclear.
Asian Bond Investors: Beware Asian Legal Systems [View article]
Asia's bankruptcy law just fine.