POVLITZ Inc | Business and Entrepreneur

Reuters – GMAC LLC, which is giving the U.S. Treasury Department a 35.4 percent equity stake, said on Friday it might take 17 years for the government to shed its investment if the auto and mortgage lender were to go public.

addthis_url = ‘http%3A%2F%2Fpovlitzinc.com%2Fus-could-take-17-years-to-exit-gmac-after-an-ipo-reuters.html’;
addthis_title = ‘U.S.+could+take+17+years+to+exit+GMAC+after+an+IPO+%0A++++%28Reuters%29′;
addthis_pub [...]

Reuters – The Federal Reserve said on Wednesday it saw modest improvements in the U.S. economy last month, but it still saw big risks and left open the possibility of increasing its purchases of mortgage-related and government debt to keep credit flowing and spur recovery.

addthis_url = ‘http%3A%2F%2Fpovlitzinc.com%2Ffed-mulled-increasing-debt-purchases-in-april-reuters.html’;
addthis_title [...]

Reuters – General Motors on Wednesday prepared to face the fallout from a failed debt exchange that sends the largest U.S. automaker closer to a bankruptcy filing expected by the end of the month.

addthis_url = ‘http%3A%2F%2Fpovlitzinc.com%2Fgm-bond-deadline-passes-bankruptcy-seen-near-reuters.html’;
addthis_title = ‘GM+bond+deadline+passes%2C+bankruptcy+seen+near+%0A++++%28Reuters%29′;
addthis_pub = ”;

Reuters – Global Leveraged Capital, a private investment firm, said on Wednesday it is launching a new restructuring advisory group that will bring a different approach to fundraising at a time when struggling companies have little access to the credit markets.

addthis_url = ‘http%3A%2F%2Fpovlitzinc.com%2Frestructuring-firm-glc-to-put-money-where-its-mouth-is-reuters.html’;
addthis_title = ‘Restructuring+firm+GLC+to+put+money+where+its+mouth+is+%0A++++%28Reuters%29′;
addthis_pub [...]

Reuters – The U.S. recession is set to end “soon,” but continued job losses and plunging house prices point to an economic recovery that will be more moderate than those experienced in previous downturns, a survey showed.

addthis_url = ‘http%3A%2F%2Fpovlitzinc.com%2Fus-recession-to-end-soon-modest-recovery-seen-poll-reuters.html’;
addthis_title = ‘U.S.+recession+to+end+soon%2C+modest+recovery+seen%3A+poll+%0A++++%28Reuters%29′;
addthis_pub = [...]

Reuters – Asian shares rose on Wednesday to their highest level in more than seven months after a jump in U.S. consumer confidence reinforced expectations the global economy has hit a bottom, even if recovery appears fragile.

addthis_url = ‘http%3A%2F%2Fpovlitzinc.com%2Fasian-shares-hit-seven-month-high-reuters.html’;
addthis_title = ‘Asian+shares+hit+seven-month+high+%0A++++%28Reuters%29′;
addthis_pub = [...]

Reuters – Bookseller Borders Group Inc reported a smaller-than-expected loss that beat Wall Street estimates as cost cuts offset a protracted slump in book sales.

addthis_url = ‘http%3A%2F%2Fpovlitzinc.com%2Fborders-beats-street-posts-narrower-loss-reuters.html’;
addthis_title = ‘Borders+beats+Street%2C+posts+narrower+loss+%0A++++%28Reuters%29′;
addthis_pub = ”;

AP – Mark Cuban was uncharacteristically reserved when he appeared in a federal courtroom Tuesday to hear attorneys argue the merits of the Securities and Exchange Commission’s case against him for insider trading.

addthis_url = ‘http%3A%2F%2Fpovlitzinc.com%2Fcuban-silent-after-judge-hears-arguments-ap.html’;
addthis_title = ‘Cuban+silent+after+judge+hears+arguments+%0A++++%28AP%29′;
addthis_pub = ”;

AP – Wal-Mart’s low-price message and emphasis on necessities are helping the world’s largest retailer grab new customers around the globe in a recession, while Target — with greater emphasis on trendy merchandise — has been struggling to hold on to its shoppers and is now turning to groceries for growth.

addthis_url [...]