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GM bankruptcy 8 am Monday: reports

General Motors is ready to file for bankruptcy reorganization at 8 am Monday, according to news service reports

General Motors is ready to file for bankruptcy reorganization at 8 am Monday. Bondholders approved the plan, more or less, says Reuters here. Turnaround specialist Al Koch, who tried to fix Kmart, will help Obama-approved GM boss Fritz Henderson dispose of parts of the carcass. This according to unnamed people cited by Bloomberg's report here.

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