Chrysler to the Rescue as Visteon Corporation (PinkSheets: VSTN) Prepares a U-turn form Bankruptcy

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9 Vote 0	Chrysler to the Rescue as Visteon Corporation (PinkSheets: VSTN) Prepares a U-turn form Bankruptcy In a deal similar to the one struck with General Motors Company in September, Visteon Corporation (PinkSheets: VSTN) has agreed to shift business at its Highland Park plant in Michigan and another one in Saltillo, Mexico to other suppliers in exchange for about $31 million from Chrysler, as part of the parts-maker’s plan to exit bankruptcy protection. Oct 6, 2009 No comments »
0 Vote 0	Lehman Brothers Holdings Inc. (PinkSheets: LEHMQ) Administrators Seeking an Out-of-Court Settlement with Creditors Acting in its capacity as the administrator of the U.K business enterprises owned by Lehman Brothers Holdings Inc. (PinkSheets: LEHMQ), PricewaterhouseCoopers (PwC) is, for the second time, working on a plan to skip court proceedings and directly return $8.9 billion of frozen assets to creditors, including hedge funds, the company said on Monday. Oct 6, 2009 2 comments »
2 Vote 0	Carbonics Capital Corporation (OTCBB: CICS) Will Resume Operations at Culbertson Facility Carbonics Capital Corporation (OTCBB: CICS) announcement of inventory liquidation at their Culbertson facility made a noticeable impact on the company's share price on Monday. Yet, as with most short term directed news, the effect has worn off shortly after the publication and correction is likely to occur the day after. Oct 5, 2009 1 comments »
6 Vote 0	The moving penny stocks - Empire Energy Corporation International (OTCBB: EEGC) A big green candle during Friday's trading came as a response to Empire Energy Corporation International (OTCBB: EEGC) renewed application on their key exploration license. The intraday rally, however, failed to break the most recent resistance, leaving investors speculating on the possible outcome for this week. Oct 5, 2009 19 comments »