International Business News - DPHIQ http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Delphi Corp. on Friday announced the departure of its chief financial officer and named a replacement. The auto supplier, which has been operating under bankruptcy protection since October 2005, said that Robert Dellinger is leaving the company to pursue outside opportunities. http://www.ibtimes.com/articles/20081003/delphi-cfo-leaves-sheehan-named-as-replacement.htm Fri, 03 Oct 2008 15:38:19 EDT General Motors Corp. said it can't rule out the need for more restructuring if the economic crisis worsens and said it was vital that U.S. lawmakers pass a financial bailout to shore up confidence in the economy. http://www.ibtimes.com/articles/20081002/gm-doesnt-rule-out-more-restructuring.htm Thu, 02 Oct 2008 12:59:50 EDT Auto parts supplier Delphi Corp. said John D. Opie will retire from its board of directors effective Tuesday. Opie has sat on Delphi's board since its separation from its former parent, General Motors Corp., in 1999, Delphi said in a regulatory filing late Monday. He has been a lead independent director since 2002, the company said. http://www.ibtimes.com/articles/20080930/delphi-says-opie-to-retire-from-board-of-directors.htm Tue, 30 Sep 2008 10:34:33 EDT A bankruptcy judge on Thursday approved an agreement between General Motors Corp. and Delphi Corp. that spells out what GM will give and get as its former parts subsidiary exits bankruptcy. http://www.ibtimes.com/articles/20080925/delphi-nears-deal-with-creditors-over-gm-support.htm Thu, 25 Sep 2008 17:48:44 EDT A bankruptcy judge on Tuesday approved Delphi Corp.'s proposal to freeze its pension plans as part of the auto supplier's blueprint to cut its costs and eventually emerge from bankruptcy protection. http://www.ibtimes.com/articles/20080923/judge-oks-delphi-motion-to-freeze-pension-plans.htm Tue, 23 Sep 2008 14:20:19 EDT An analyst on Thursday cut his earnings-per-share estimates for automakers and parts suppliers due to lower European production forecasts. Goldman Sachs analyst Patrick Archambault said in a client note that the firm's European autos team is predicting European light vehicle production to be down 4 percent this year and 8 percent in 2009. Its previous forecast was for a 3 percent decline in both years. http://www.ibtimes.com/articles/20080918/ahead-of-the-bell-analyst-cuts-auto-estimates.htm Thu, 18 Sep 2008 08:23:34 EDT Lehman Brothers Holdings Inc.'s Chapter 11 filing is by far the largest corporate bankruptcy case in the U.S., measured by total assets before the filing. Lehman Brothers filed for Chapter 11 bankruptcy protection Monday after falling under the weight of $60 billion in soured real estate holdings. Its filing listed $639 billion in assets as of May 31. http://www.ibtimes.com/articles/20080915/lehman-leads-list-of-top-corporate-bankruptcies.htm Mon, 15 Sep 2008 14:09:43 EDT As General Motors Corp. prepares to celebrate its 100th anniversary, some key events in the giant automaker's history: Sept. 16, 1908 - General Motors Company founded by William C. Durant. http://www.ibtimes.com/articles/20080914/a-brief-history-of-general-motors-corp.htm Sun, 14 Sep 2008 14:57:28 EDT Stocks mixed as energy sector rises, Lehman falls NEW YORK (AP)--Stocks finished another volatile session narrowly mixed Friday, as gains in the energy, utilities and materials sectors offset some of Wall Street's angst over the fate of Lehman Brothers Holdings Inc. http://www.ibtimes.com/articles/20080912/business-highlights.htm Fri, 12 Sep 2008 18:22:43 EDT Delphi Corp. and its former parent General Motors Corp. said Friday they have reached a new deal on the automaker's role in Delphi's bankruptcy that puts the supplier on track to exit Chapter 11 by the end of the year. http://www.ibtimes.com/articles/20080912/delphi-gm-reach-new-deal-on-transfer-of-pensions.htm Fri, 12 Sep 2008 20:10:55 EDT Auto parts supplier Delphi has until Friday to transfer its pension plans for hourly workers to its former parent, General Motors Corp., or the government's pension insurer says it plans to file a claim for another $900 million of Delphi's assets. http://www.ibtimes.com/articles/20080911/federal-agency-pressures-delphi-gm-on-pensions.htm Thu, 11 Sep 2008 13:05:22 EDT Auto parts supplier Delphi, which has been operating under bankruptcy protection for nearly three years, is working on a revision to its reorganization plan and is not talking about liquidating the company, a spokesman said Friday. http://www.ibtimes.com/articles/20080829/delphi-revising-plan-to-emerge-from-bankruptcy.htm Fri, 29 Aug 2008 14:38:27 EDT Delphi Corp. said Monday that its electronics and safety division will lay off about 600 of its 3,200 U.S. salaried workers, blaming a steep drop in automaker demand for its components. http://www.ibtimes.com/articles/20080818/delphi-to-cut-600-white-collar-jobs.htm Mon, 18 Aug 2008 13:59:28 EDT Among the earnings stories for Friday, Aug. 8, from AP Financial News: SIOUX FALLS, S.D. (AP)--Shares of Deltek Inc. rose Friday after the business software maker said its second-quarter profit jumped 21 percent on across-the-board revenue increases in licensing, consulting and maintenance and support. http://www.ibtimes.com/articles/20080808/earnings-roundup-deltek-petroleum-development.htm Fri, 08 Aug 2008 15:05:47 EDT Auto supplier Delphi Corp. said Friday its second-quarter loss narrowed on lower restructuring, litigation and other charges. Delphi, which is operating under bankruptcy protection, said it posted a loss of $551 million, 98 cents per share, compared with a loss of $821 million, or $1.46 per share, in the 2007 quarter. http://www.ibtimes.com/articles/20080808/delphi-2q-loss-narrows-on-lower-charges.htm Fri, 08 Aug 2008 13:16:53 EDT General Motors Corp. and its auditor have agreed to pay $303 million to settle claims that the automaker misled shareholders about its finances. Under the settlement, GM would pay $277 million to investors, while its auditor, Deloitte & Touche LLP, would pay $26 million, pending approval from U.S. District Judge Gerald Rosen in Detroit. http://www.ibtimes.com/articles/20080808/attorneys-gm-deloitte-agree-to-303m-settlement.htm Fri, 08 Aug 2008 14:12:06 EDT General Motors Corp. has agreed to lend Delphi Corp. an additional $300 million as the auto parts supplier struggles to get out of bankruptcy protection, according to a court filing. http://www.ibtimes.com/articles/20080807/gm-agrees-to-increase-loan-to-delphi-by-350m.htm Thu, 07 Aug 2008 18:16:48 EDT A bankruptcy judge said Monday that auto parts maker Delphi Corp. can pursue a lawsuit designed to force hedge fund Appaloosa and several others to participate in a $2.55 billion equity deal that they had earlier abandoned. http://www.ibtimes.com/articles/20080728/judge-lets-delphi-pursue-lawsuit-against-appaloosa.htm Mon, 28 Jul 2008 13:36:29 EDT Lawyers for the Appaloosa Management hedge fund on Friday argued that it had the right to abandon a $2.55 billion plan to invest in Delphi Corp., and they asked a judge to dismiss the auto parts maker's lawsuit over the dissolution of the deal. http://www.ibtimes.com/articles/20080725/judge-hears-arguments-in-delphi-appaloosa-case.htm Fri, 25 Jul 2008 17:10:11 EDT A bankruptcy judge will consider whether to allow Delphi Corp. to pursue a lawsuit against the Appaloosa Management hedge fund, which pulled out of a $2.55 billion investment deal to take an equity stake in the auto parts supplier. http://www.ibtimes.com/articles/20080725/ahead-of-the-bell-delphi-appaloosa-in-court.htm Fri, 25 Jul 2008 06:21:17 EDT