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GM in Talks with Banks to Increase Credit Line
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FBN’s Adam Shapiro on General Motors in preliminary talks with banks to boost its credit line.
- Duration 0:46
- Date Aug 24, 2012
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FBN’s Adam Shapiro on General Motors in preliminary talks with banks to boost its credit line.
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I'm Adam Shapiro -- Fox Business -- the bulls continue their charge on Wall Street on hold major central banks will move to help the global economy.
But even with today's games the blue chips are still down for the week ending six weeks of gains right now the Dow is down roughly 94 points.
Amazon shares hit an all time high after the company announced an expanded its agreement with NBC universal speculation about the company's new tablet.
Is also pushing that's not kind.
General Motors is reportedly in early talks with banks to boost its credit line the Wall Street Journal reporting Detroit auto maker.
Is looking at an increase to its credit to as much as five billion dollars GM is looking to strengthen its balance sheet and -- -- pension obligations.