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Latest Cerberus Capital Management Stories

2010-03-02 08:31:00

WINSTON-SALEM, N.C., March 2 /PRNewswire/ -- GMAC Insurance Personal Lines announced today it has completed its transition to new ownership by American Capital Acquisition Corporation (ACAC). Under the deal, GMAC Insurance's U.S.

2010-02-10 15:30:00

DETROIT, Feb. 10 /PRNewswire/ -- GMAC Financial Services and DealerTrack (Nasdaq: TRAK) today announced that the automotive lender will be added to the DealerTrack credit application network of more than 17,000 dealers as a financing option for their customers.

2010-02-04 07:00:00

NEW YORK, Feb. 4 /PRNewswire-FirstCall/ -- GMAC Financial Services today reported a net loss of $5.0 billion for the fourth quarter of 2009, compared to net income of $7.5 billion for the fourth quarter of 2008.

2009-11-16 15:20:00

NEW YORK, Nov. 16 /PRNewswire/ -- The Board of Directors of GMAC Financial Services (GMAC) today named Michael A. Carpenter, a board member with extensive financial services experience, chief executive officer.

2009-11-06 14:57:00

NEW YORK, Nov. 6 /PRNewswire/ -- Cerberus Capital Management, L.P. ("Cerberus") issued the following statement in response to Moody's November 2009 Global Report: Moody's report is written from the perspective of the issuers of senior debt in rated transactions.

2009-11-04 07:00:00

NEW YORK, Nov. 4 /PRNewswire/ -- GMAC Financial Services today reported a third quarter 2009 net loss of $767 million, compared to a net loss of $2.5 billion in the third quarter of 2008. Results in the quarter were adversely affected by losses related to legacy assets in the mortgage operations.

2009-10-28 15:14:00

DETROIT, Oct. 28 /PRNewswire/ -- GMAC Financial Services today announced that it has priced an offering for $2.9 billion of senior fixed rate notes guaranteed by the Federal Deposit Insurance Corporation (FDIC) pursuant to the FDIC Temporary Liquidity Guarantee Program (TLGP).

2009-09-16 14:31:00

DETROIT, Sept.


Word of the Day
tourtiere
  • a meat pie that is usually eaten at Christmas in Quebec
The word 'tourtiere' comes from the French tourte, or passenger pigeon.
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