<< Read Full Article
<< Read Full Article
Updated from 6:42 a.m. EDT.
DaimlerChrysler(DCX Quote) agreed to sell an 80% stake in its struggling Chrysler unit to private-equity titan Cerberus Capital Management for $7.4 billion.
DaimlerChrysler, which seeks to rename itself Daimler after the deal, will keep 20% of the U.S. carmaker. The announcement brings quick resolution to an issue that had been looming over Daimler ever since the Chrysler unit's performance turned south last year, and allows the German company to shed hefty obligations tied to Chrysler's health care and other benefits. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet