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U.S. markets recover from steep losses
AUBURN HILLS, Mich., July 24 (UPI) -- DaimlerChrysler AG's sale of Chrysler Group to Cerberus Capital Management LP likely will take place in a week, a U.S. published report said Tuesday.
The exact date remains uncertain because lawyers on both sides are "crossing all of the T's and dotting all of the I's," which could take a little longer than expected, The Detroit Free Press reported.
A celebration is tentatively planned for Aug. 1, it said.
DaimlerChrysler and Cerberus representatives declined to comment.
Meanwhile, signs at Chrysler's Auburn Hills, Mich., headquarters are already being changed, the newspaper said. "Daimler" was recently removed from an external granite sign at Chrysler's Technical Center building, for example.
The new owners plan to change the signs at Chrysler's 30 North American production facilities over time, rather than right away, to save money, manufacturing Executive Vice President Frank Ewasyshyn said.
"There is a lot of signage. They're not cheap," he said.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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