GM to cut jobs, offers $27 bln stock-for-debt deal

Date: Mon, 27 Apr 2009 12:01:10 -0400

GM to cut jobs, offers $27 bln stock-for-debt deal

General Motors Corp. says Monday it will seek to exchange common stock for more
than $27 billion in public debt as part of a restructuring plan.

EMERGING MARKETS REPORT: MEXICAN PESO, STOCKS TUMBLE ON SWINE FLU WORRIES

Mexico's currency and stocks fall sharply, as investors worry that the
deadly swine-flu outbreak will inflict further damage on the nation's
economy, already
suffering from the global recession.

NICHE ANTIVIRAL DRUGMAKERS ROCKET ON FLU NEWS

Anti-viral developers Gilead Sciences, Roche and GlaxoSmithKline PLC
rose Monday on fears that the swine flu outbreak that started in
Mexico could becomea global pandemic.

AIRLINE STOCKS: AIRLINE SHARES SLUMP AS SWINE FLU CASES INCREASE

Airlines shares took a dive on Monday as fear mounted that the swine
flu outbreak started in Mexico could spread globally and lead to a
sharp drop in air travel at a time when carriers are already
struggling to cope with recession.

MORE THAN 250 BANKS HAVE REFUSED BAILOUT: REPORT

More than 250 banks and other financial institutions have withdrawn
their applications for capital injections from the Treasury
Department, raising concerns among regulators, according to a report
by the Treasury.