Breaking! GMAC Pays Off A Credit Card, Buys Back $500 Million In Debt

Earlier this week Bloomberg News reported GMAC, the finance subsidiary of the world's biggest automaker, was looking to seek some capital the old-fashioned way. No, not by inheriting it...the other old fashioned way...borrowing it. The New York mayor's trust-held News company reported it might be selling its first… » 9/14/06 9:37am 9/14/06 9:37am