Bank Of America Reports 2 Billion Profit For Fourth Quarter

Fiat Auto is having to pay $1.27 billion for an additional 16 % of Chrysler LLC, that will up its fascination with the U.S. automaker to 46 per cent. Thus giving Fiat managing desire for Chrysler, as the deal -- concurrent with a bond purchase to personal investors - also lessen the United car Workers' retiree and health advantages fund from 59.2 percent down to 45.7 percent. Using the bond sale and Fiat's 16-percent purchase, Chrysler can repay U.S. and Canadian/Ontario federal government loans, although the U.S. federal government will hermes birkin bag nevertheless retain 6.6 per cent of Chrysler. Canada and also the province of Ontario will still possess 1.7 %.