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2011-04-12 05:00:00

COLUMBUS, Ohio, April 12, 2011 /PRNewswire/ -- Huntington (NASDAQ: HBAN; www.huntington.com) has announced that it is significantly expanding its Michigan auto dealer financing business and will add key personnel in Michigan to support the expansion. "With Michigan's continuing economic recovery, we expect the state to remain a robust market for us," said Richard Porrello, director of Huntington's auto finance business. "New and used car sales have risen significantly in Michigan, and...

2011-04-07 16:27:00

15,000 American Jobs Supported For Four Years WASHINGTON, April 7, 2011 /PRNewswire-USNewswire/ -- The Board of Directors of the Export-Import Bank of the United States today voted to grant preliminary approval for a $2.84 billion direct loan/loan guarantee to Colombia's Refineria de Cartagena S.A. (Reficar). The financing, when finally approved, will support the purchases of equipment and services from over 150 large and small U.S. engineering/design, equipment supply, contracting and...

2011-04-07 12:28:00

DETROIT, April 7, 2011 /PRNewswire/ -- Dan Gilbert, Founder and Chairman of Detroit-based Quicken Loans Inc., announced the completion of the purchase of Chase Tower, a 505,000 square foot, 14-story high rise office building occupying a full city block at the foot of Campus Martius Park in downtown Detroit's central business district. (Photo: http://photos.prnewswire.com/prnh/20110407/DE79405 ) In a separate transaction, the company also announced the finalization of the purchase of Two...

2011-03-30 13:49:00

DETROIT, March 30, 2011 /PRNewswire/ -- Ally Financial Inc. today announced that it has completed the refinancing of $15 billion in credit facilities at both the parent company and at its banking subsidiary, Ally Bank, with a syndicate of 21 lenders. The secured facilities can be used to fund retail, lease and dealer floorplan automotive assets in the U.S. and Canada. "The new facilities are part of our diversified funding strategy and offer additional liquidity to support key areas of...

2011-03-28 16:49:00

Maine Company's Technology Used in Sudan Election WASHINGTON, March 28, 2011 /PRNewswire-USNewswire/ -- Planson International Corporation, a small, woman-owned tech company headquartered in New Gloucester, Maine, is to receive the 2011 Sub-Saharan Africa Exporter of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). The award will be presented at the Bank's annual conference in Washington, D.C., on Thursday, March 31st. Planson used a $1.5 million revolving...

2011-03-22 16:09:00

DETROIT, March 22, 2011 /PRNewswire/ -- General Motors Company (NYSE: GM) today announced the sale of all of its shares of Fixed Rate Perpetual Preferred Stock, Series A, of Ally Financial Inc. in a registered public offering for a total of $1.0 billion. The shares, which represent 100 percent of the Ally Series A preferred stock outstanding, have an aggregate liquidation preference of $1 billion. "Today, we are taking another step forward in our strategy to strengthen and simplify...

2011-03-18 09:30:00

AUBURN HILLS, Mich., March 18, 2011 /PRNewswire/ -- American Red Cross to receive $100,000 Additional employee and dealer contributions matched up to $100,000 The Chrysler Foundation, the philanthropic arm of Chrysler Group LLC, announced today it will donate $100,000 to the American Red Cross for Japan disaster relief efforts. Additionally, the Foundation will match employee and dealer Red Cross contributions up to an additional $100,000. "Our hearts go out to the people of Japan,"...

2011-03-10 09:00:00

NEW YORK, March 10, 2011 /PRNewswire/ -- More than two-thirds of business professionals surveyed recently believe their companies are likely to attempt at least one divestiture--if not more--in the next three years, according to a survey from Deloitte about divestitures. According to the Deloitte "Divestiture Survey Report," 49 percent of the respondents believe their companies are likely to attempt one to two divestitures over the next three years, while 14 percent may attempt between...

2011-03-02 16:30:00

DETROIT, March 2, 2011 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that the U.S. Department of the Treasury (Treasury) will be repaid $2.7 billion from the sale of all the Trust Preferred Securities that Treasury holds in Ally. This represents the full value of Treasury's investment in these securities. The offering priced today at 8.125 percent and is expected to close on March 7, 2011. In addition to the proceeds from this transaction, Ally has paid approximately $2.2...

2011-02-28 16:00:00

DETROIT, Feb. 28, 2011 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that John D. Durrett, 62, has been appointed to its board of directors by the U.S. Department of the Treasury, effective immediately. "John is a seasoned leader and will be a valued addition to the Ally Board," said Ally Chairman Franklin (Fritz) Hobbs. "He brings extensive experience as both a senior executive and as an advisor to various leading companies. We are pleased to have him join the Ally board...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
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