As updates minute maid ballpark PRIDE Month minutemaid park recalls Begins, DNC Chairman Tim Kaine Celebrates the Contributions ofLesbian, Gay, Bisexual and Transgender AmericansWASHINGTON, June 1 /PRNewswire-USNewswire/ -- Democratic National CommitteeChairman Tim Kaine today issued the following statement marking June as PRIDEMonth: (Logo: http:// ) "Today, on behalf of Democrats across our nation, the Democratic NationalCommittee pays recognition to PRIDE month -- a time to join together incelebrating the contributions that lesbian, gay, bisexual, and transgenderAmericans and their families make to our society. We also take this time toreaffirm our commitment to being a Party of inclusion and one that stands firmin promoting equality for every American. "As Democrats and Americans, we believe we all are created equal and we havefought against discrimination based on race, sex, ethnicity, national origin,language, religion, sexual orientation, gender identity, age, disability, andattempts to divide us instead of unite us. But we still have much more to do.As we move ahead with aDemocratic Congress and President committed to equality for all Americans, welook forward to a nation where discrimination of any kind is a thing of thepast."SOURCEDemocratic National CommitteeDNC Press Office, +1-202-863-8148. NEW YORK (Reuters) - General Motors Corp is about to open the door on the biggest garage sale in U.S industrial history. "Investors will be able to buy these assets for cents on the dollar," Pete Hastings, a credit analyst at Morgan Keegan, said.But the auctions of GM assets that were already on the block will probably not be affected too much."These assets were already distressed," one banker involved in one of the auctions said, requesting anonymity because of the confidential nature of the sales processes.
"The added layer of bankruptcy doesn't really impair their value in bankruptcy, because those values were already at zero."HUMMER, SAABGM's iconic gas-guzzling brand, Hummer, has been up for sale for nearly a year as the automaker has struggled to find a buyer minute maid seating . On Monday, GM said it was "getting close to financing some agreements" with a possible buyer.GM had originally said it would decide by the end of March whether it would sell or fold the brand, but it was unable to meet that self-imposed deadline.A source familiar with the matter told Reuters on Monday GM would announce a decision on Hummer in the next few days, adding that the two final bidders were buyers from overseas.Investment bankers do not expect Hummer to fetch more than $100 million in cash minute maid . Bankers had initially estimated that Hummer could fetch between $500 million and $750 million, considering it a distressed asset.But as the months have passed by, that valuation has been hurt by the weakening economy, continued tightness in credit markets and a lack of interest.GM is also running an independent auction for its Swedish brand, Saab, which sought protection from creditors in February to survive the current economic downturn and buy time to find a new owner after GM decided to cut its ties with the brand.A source familiar with the matter told Reuters that Swedish luxury carmaker Koenigsegg and U.S minute maid baseball . financier Ira Rennert and his Renco Group were in the final round of the auction.GM bought 50 percent of Saab in 1990 for about $700 million minute maid park tal's hill . It paid $125 million and assumed debt for the remainder of the unit in 2000. As part of its restructuring, GM will lay off 18,000 to 20,000 hourly workers.Still, both sources said it would be nearly impossible for GM to sell all the plants that are up for closure, as every automaker is cutting production due to lower demand.GM said it is working toward breaking even at an annualized industry sales rate of 10 million units, down from more than 16 million in 2007.But a source close to the company said on Monday that a Chrysler bankruptcy and the threat of a GM bankruptcy had hurt sales, bringing the current sales rate to about 9.5 million.GM's Chapter 11 process is expected to hurt sales further."What you'll see is many foreign automakers, particularly Asians, rummaging through the items and picking up pieces here and there," a banker said.
"But it'll take a long time."(Reporting by Jui Chakravorty; Additional reporting by Chavon Sutton; Editing by Gary Hill) China Russia minute maid stadium . HAMAMATSU, Japan, June 2 (Reuters) - Japanese small car makerSuzuki Motor Corp's (7269.T) chairman said on Tuesday his companyhas received a request from General Motors Corp GM.N that thetwo firms continue to jointly develop environmental technologies minuet maid park . (Reporting by Nobuhiro Kubo) Stocks | Japan Stocks Japan mintue maid park . By Jui Chakravorty Das Stocks | China | Russia NEW YORK, June 1 (Reuters) - General Motors Corp GM.N isabout to open the door on the biggest garage sale in U.S.industrial history minutemaid park . But even as buyers line up to get a deal on some of theheavily discounted assets, industry analysts and bankers say itcould take several years for GM to offload everything it wantsto sell or liquidate.
GM, which filed for bankruptcy on Monday, plans to put allthe assets it wants to get rid of in an "old company" whileretaining everything else in a "New GM." Assets in the "old" GM include Hummer, Saab and Saturnbrands, as well as some plants the automaker plans to shut downas it seeks to align production with shrinking demand minute maid field . The process allows automakers from emerging countries suchas China, India and Russia to pick up brands, equipment, ortechnology at fire sale prices minute maid . The asset sales will take a bit longer than usual in abankruptcy process, as the court would have to approve everysale and creditors would have the right protest any of them minute maid baseball . Also, an "Everything Must Go" sign on the entire "oldcompany" is sure to hurt asset prices . "Investors will be ableto buy these assets for cents on the dollar," Pete Hastings, acredit analyst at Morgan Keegan, said. But the auctions of GM assets that were already on theblock will probably not be affected too much.
