lea

On Wednesday, Lear Corp. (LEA) announced that it has filed for Chapter 11. This bankruptcy is supported by key lenders and bondholders; Lear has secured $500 million in debtor-in-possession financing from its creditors, including JP Morgan Chase and Citigroup. Lear, a Fortune 500 company that...

General Motors (GM) clearly surprised its shareholders yesterday by announcing the company's auditors said they had "substantial doubt about its ability to continue as a going concern." In other words, bankruptcy may be around the corner. That revelation sent the automaker's stock down 15.5...