On April 30th, Chrysler filed a voluntary Chapter 11 Bankruptcy Petition in the Southern District of New York. To date, there have been nearly 3000 filings in the case. It appears that Chrysler may emerge from bankruptcy as early as next week. You can follow the docket or read just the key documents on the [...]
According to The Conference Board, consumer confidence increased dramatically during May, reaching a level unseen since last September. The Conference Board Consumer Confidence Index™ Increases Sharply in May The Conference Board Consumer Confidence Index™, which had improved considerably in April, posted another large gain in May. The Index now stands at 54.9 (1985=100), up from [...]